Global Paints and Coating Market Expected to reach USD $235 Billion by 2025, Key Players - PPG Industries Inc., AkzoNobel NV, Sherwin Williams, RPM International, Nippon Paints, Asian Paints

Global Paints and Coating industry Overview:

Liquid painting and powder coating are two techniques used in industrial finishing. Both require a heat process, but they differ greatly in their methods of application. Liquid painting is the standard method employed for coating. Industrial paints and coatings are used by several industries, including machinery manufacturing, automotive, and consumer goods. The Paints & Coatings Market is projected to grow from USD 168.68 Billion in 2018 to USD 235 Billion by 2025, at a CAGR of 6.12% during the forecast period. Asia-Pacific accounted for the largest share, accounting of more than 42% of the global market, while North America is estimated to have the second-fastest CAGR through the forecast period.

Explore More Information about report @
https://www.researchcosmos.com/reports/paints-and-coatings-market-by-technology-resin-type-application-and-geography-insights-opport/93706005

Global Paints and Coating industry - Drivers and Restraints:

The major drivers of the market are increasing global population and the growing number of nuclear families, increased demand for new houses every year, which in turn, creates demand for paints and coatings. The augmenting market for consumer goods and automobiles is also propelling the growth of the paints and coatings market. Akzonobel announced to separate its specialty chemicals business from paints and coatings and sell it to an affiliate of the AkzoNobel Group for INR 320 crores, which might affect the market revenue. Axalta introduced waterborne coatings to its growing portfolio of industry which may affect the market of paints & coatings industry. Major car manufacturers, such as Chevrolet, Daimler, Jeep, Audi, Volvo, and Kia have either set up their automotive manufacturing facilities, or are planning to start new facilities in Asia-Pacific in the near future. This in turn, is expected to increase the usage of coatings in the automotive industry to a major extent in the region

Request free sample @
https://www.researchcosmos.com/request/global-paints-and-coatings-market-by-technology-waterborne/93706005

Global Paints and Coating industry - Geographical Representation:

Asia-Pacific had the largest share in the market, accounting for more than 40% of the global market in 2018. China, India, Philippines, and Vietnam are turning out to be potential markets for the demand and supply of automobiles, with many automotive manufacturers planning their manufacturing and assembly plants in these countries. This can be attributed to the availability of cheap labor, low raw material prices, and rising urban population in the region. Rapidly growing construction industry, primarily in China and India, is a major factor driving the demand for paints and coatings in the region. North America is expected to register a significant growth rate, primarily due to the rise in residential houses sales, coupled with renovation of the existing houses.

List of Key Players in Global Paints and Coating industry:

Some of the key players of the Paints and Coatings Market are PPG Industries Inc., AkzoNobel NV, Sherwin Williams, RPM International, Nippon Paints, Asian Paints, etc.

Inquiry about the report @
https://www.researchcosmos.com/inquire/global-paints-and-coatings-market-by-technology-waterborne/93706005

About Us:
Research Cosmos is a provider of standard and customized Industry research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending Industry reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world

Contact:
Kevin Stewart
kevin@researchcosmos.com
Global Sales Manager
Research Cosmos
www.researchcosmos.com
+1 888 709 8757
LinkedIn - https://www.linkedin.com/company/market-research-cosmos
Twitter - https://twitter.com/researchcosmos
Google+ - https://plus.google.com/109756852849129986268
Facebook - https://www.facebook.com/researchcosmos/

This release was published on openPR.