Press release
Paints & Coatings Market to Witness Massive Growth to Reach $232.1 billion by 2027 | AkzoNobel, PPG, Axalta Coatings, BASF, Sherwin-Williams, Asian Paints, Kansai Paints, Jotun, RPM International, Hempel and Nippon Paint
paints and coatings market
Browse 131 market data tables and 43 figures spread through 175 pages and in-depth TOC on "Paints & Coatings Market - Global Forecasts to 2027"
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Premium Insights of Paints & Coatings Market:
• Attractive Market Opportunities
• Paints & Coatings Market, By Application
• Paints & Coatings Market: Developed vs Developing Nations
• Asia-Pacific: Paints & Coatings Market, By Technology and Country
• Paints & Coatings Market Attractiveness
The paints & coatings market is projected to grow at a CAGR 5.0% between 2018 and 2027, in terms of value. Rising demand from the construction industry is driving the growth of the paints & coatings market. Increasing demand from automotive, general industrial, marine, coil, wood, aerospace, rail, and packaging coatings is expected to further fuel the growth of the paints & coatings market during the forecast period.
AkzoNobel N.V. (Netherlands), PPG Industries (U.S.), Axalta Coatings Systems (U.S.), BASF Coatings GmbH (Germany), The Sherwin-Williams Company (U.S.), Asian Paints (India), Kansai Paints (Japan), Jotun A/S (Norway), RPM International (U.S.), Hempel A/S (Denmark), and Nippon Paint Holdings Co., Ltd. (Japan) are among the key players operating in the paints & coatings market.
New Product Launches were the Key Strategy Adopted by Industry Players in Order to Achieve Growth in the Paints and Coatings Market
Expansions and New Product Launches were the key strategy adopted by industry players in order to achieve growth in the paints and coatings market. This strategy accounted for major share of all growth strategies adopted by market players. The high demand for paints and coatings due to the growing demand from architectural and industrial coatings has encouraged companies to adopt this strategy. Market players are focusing on entering new markets by acquiring companies thus, enhancing their paints and coatings product portfolio for different applications.
Besides new product development, companies adopted the strategy of acquisition, and expansion in order to expand their market share and distribution network. These market strategies by the leading players will increase their market share, thereby enhancing their global presence in the paints and coatings industry.
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Key Target Audience:
• Manufacturers of Paints & Coatings
• Raw Material Suppliers
• Manufacturers of Resins and Other Feedstock Chemicals
• Manufacturers of Important Intermediate Chemicals
• Government Agencies or Organizations
• Research Institutions and Organizations
• End-use Industries (construction, automotive, wood, coil, marine, rail, aerospace, transportation, and packaging)
• Traders, Distributors, and Suppliers of Paints & Coatings
• Regional Chemical Manufacturers’ Associations
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