Paints and Coatings Market PPG, The Sherwin-Williams Co., RPM International Inc., The Valspar Corp., Axalta Coating Systems, BEHR, Benjamin Moore & Co., Dunn-Edwards Corporation, Ennis-Flint, Shawcor Ltd., Nippon Paints

Stringent government regulations to reduce VOC in paints and coatings, boosting demand for waterborne paints
Stringent government regulations to reduce VOC content in paints and coatings such as on April 21, 2005, United States Environmental Protection Agency amended Residential Lead-Based Paints Hazard Reduction Act of 1992. The waterborne paints segment is expected to expand at a CAGR of over 4.6% in terms of volume and 5.4% in terms of value, according to a study conducted by Coherent Market Insights. Moreover, technological advancements in waterborne paints production is also expected to boost the growth percentile, The AVANSE MV-100 is one of the latest technology developed by The DOW Chemicals Company, which offers high performance acrylic binder used to coat metal surfaces. Furthermore, factors such as increasing population, rampant demand for improved infrastructure development with the growing urbanization, in turn projected to fuel growth of the paints and coatings market through 2025.

Growth of decorative paints segment is expected to boost the paints and coatings market growth

In 2016, major market share was obtained by Asia Pacific, followed by North America and Europe in the global paints and coatings market, in terms of both of value and volume. Moreover, this trend is expected to remain the same over the forecast period. In 2016, Asia Pacific held a share of 43.45% in terms of volume, followed by Europe (20.23%). Increasing population, increased urbanization, and growing retail and hospitality sectors in Asia Pacific region is leading to rising demand for supportive infrastructure. This is expected to fuel growth of the global paints and coatings market over the forecast period.

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Multinational players need to tap potential addressable market in emerging economies with the help of geographical expansion

Product portfolio expansion and geographical expansion are the key market trends, which are expected to shape the industry in the near future.

Major players in the global paints and coatings market include PPG, The Sherwin-Williams Co., RPM International Inc., The Valspar Corp., Axalta Coating Systems, BEHR, Benjamin Moore & Co., Dunn-Edwards Corporation, Ennis-Flint, Shawcor Ltd., Nippon Paints, Kelly-Moore Paints Co. Inc, Cloverdale Paints Inc., Innovative Chemical Products Group, Vogel Paints Inc., Yenkin Majestic Paints Corp., Tnemec Company Inc, Elantas Pdg Inc, True Value Company, Vista Paints.

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Mr. Shah
Coherent Market Insights
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#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.