Press release
Global Paints & Coatings Market Expected to Witness a Sustainable Growth over 2023
Paint is defined as a paints material in liquid or solid which when spread on a surface adheres and hardens forms a film that protect, decorated or add a specific feature to the surface on which it is deposited.
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Global Paints & Coatings Market: Forecast by Type / Application / Region
The paint & coating industry concentration is not high; there are many manufacturers in global and high-end products are mainly from America and Europe. The global paint & coating market will reach about 54346 K MT in 2018 from 43517 K MT in 2013. The average growth rate is about 4.54% during 2013-2018. Paint & coatinging production mainly focuses on China, taking about 39.59% of global market in 2017, followed by the Europe with about 19.10% share. Other regions keep growth rate about 7.77%.The main market players are PPG, AkzoNobel, Henkel, Sherwin-Williams and Valspar.
Due to the impact of raw material prices, prices of paint & coating keep decreasing, although during this period increased slightly, but still cannot change the overall downward trend in prices, the average price from 3338 USD / MT in 2013 reduced to 3291 USD / MT in 2018.
According to this study, over the next five years the Paints & Coatings market will register a 4.1% CAGR in terms of revenue, the global market size will reach US$ 218300 million by 2024, from US$ 178900 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Paints & Coatings business, shared in Chapter 3.
Global Paints & Coatings Market: Key Players
PPG
AkzoNobel
Henkel
Sherwin-Williams
Valspar
RPM International
Axalta
BASF
Kansai Paint
Sika
3M
Asian Paints
Nippon Paint
HB Fuller
Masco
Jotun
Hempel
KCC Corporation
DAW SE
Shawcor
Cromology
SK KAKEN
Carpoly
Taiho Paint
Berger Paints
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Related Information:
United States Paints & Coatings Market Research Report 2018
Europe Paints & Coatings Market Research Report 2018
North America Paints & Coatings Market Research Report 2018
Asia-Pacific Paints & Coatings Market Research Report 2018
China Paints & Coatings Market Research Report 2018
EMEA Paints & Coatings Market Research Report 2018
Global Paints & Coatings Market Research Report 2018
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