Press release
APAC Paints and Coatings Market Strategies & Emerging Players Including AkzoNobel, PPG Industries, Sherwin-Williams, Berger Paints India, Shalimar Paints, Kansai Paint Co.,Ltd, Chugoku Marine Paints Ltd, KCC Corporation, DuluxGroup & Asian Paints
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Based on resin type, the APAC paints and coatings market is categorized into acrylic, polyester, polyurethane, epoxy, and others. Other resins include nylon, nitrocellulose lacquer, and polycarbonates. Of these, the volume sales of polyurethane are expected to exhibit the fastest growth in the market, witnessing a CAGR of 8.3% during the forecast period.
In terms of application, the APAC paints and coatings market is categorized into architectural and decorative, industrial, and marine. During the forecast period, the volume sales of paintings and coatings are expected to witness the highest growth for industrial application, with a CAGR of 7.5%. Increasing demand for paints and coatings solutions from industries such as consumer goods, automotive, and machinery manufacturing is driving the market growth.
On the basis of formulation, the APAC paints and coatings market is categorized into water-based, solvent-based, powder coatings, and UV coatings. During the forecast period, the fastest growth in volume sales is expected in the UV coatings category, with a CAGR of 8.8%. These coatings have certain advantages over other types, such as reduced environmental impact, zero pot life issues, rapid cure speed, and low energy costs.
Countries such as China, India, Indonesia, and Malaysia have witnessed rapid economic transformation in the past few decades. Majority of these nations have a large and rapidly growing middle-class population. These factors make these developing countries a suitable paint and coatings market.
Read summary of report here : https://www.psmarketresearch.com/market-analysis/apac-paints-and-coatings-market
Some of the major players operating in the APAC paints and coatings market are Akzo Nobel N. V., PPG Industries Inc., The Sherwin-Williams Company, Berger Paints India Limited, Shalimar Paints Limited, Kansai Paint Co. Ltd., Chugoku Marine Paints Ltd., KCC Corporation, Nippon Paint Holdings Co. Ltd., Dulux Group Limited, and Asian Paints Limited.
APAC PAINTS AND COATINGS MARKET SEGMENTATION
By Resin Type
Acrylic
Polyester
Polyurethane
Epoxy
Others
By Formulation
Water-Based
Solvent-Based
Powder Coatings
UV Coatings
By Application
Architectural and Decorative
Residential
Non-Residential
Industrial
Automotive OEM
Automotive Refinish
Wood
Coil
Can
Manufacturing
Others
Marine
By Country
China
By Resin Type
By Formulation
By Application
Japan
By Resin Type
By Formulation
By Application
India
By Resin Type
By Formulation
By Application
Rest of APAC
By Resin Type
By Formulation
By Application
About P&S Intelligence
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Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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