Performance Coatings Market Segmentation, Industry trends and Development to 2029

Transportation accounts for a majority share in the performance coatings market. The automotive industry has shown a slight downfall, owing to slow growth in China and Europe and stringent emission regulations. This has led to a reduction in amount of automobiles production globally, resulting in mediocre growth of the performance coatings market. With regard to revenue, the global performance coatings market is projected to expand at a CAGR of ~5% during the forecast period. This notable growth in the Performance Coatings Market is mainly influenced by its extensive consumption in automobile & aerospace coatings. Moreover, the performance coatings market is gaining traction in consumer good applications, which further fuel market growth throughout the forecast period. Furthermore, key manufacturers are increasing their business footprint rapidly, which create profitable opportunities for the market.

History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2029

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In a bid to recognize the growth prospects in the performance coatings market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market. Each segment of the performance coatings market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:

North America (S., Canada)
Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)
Japan
APEJ
MEA

The key players in the global performance coatings market report consist of

Akzo Nobel N.V.,
Axalta Coating Systems Ltd.,
Berkshire Hathaway Inc.,
Hempel A/S,
Nippon Paint Holding Co. Ltd.,
BASF SE,

Each market player encompassed in the performance coatings market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R&D projects, and business tactics. In addition, the performance coatings market study scrutinizes the strengths, weaknesses, opportunities and threats (SWOT) analysis.

What insights readers can gather from the performance coatings market report?

Learn the behavior pattern of every performance coatings market player - product launches, expansions, collaborations and acquisitions in the market currently.
Examine and study the progress outlook of the global performance coatings landscape, which includes, revenue, production & consumption and historical & forecast.
Understand important drivers, restraints, opportunities, and trends (DROT Analysis).
Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization.

The performance coatings market report answers the following queries:

Which players hold the significant performance coatings market share and why?
What strategies are the performance coatings market players forming to gain a competitive edge?
Why region is expected to lead the global performance coatings market?
What factors are negatively affecting the performance coatings market growth?
What will be the value of the global performance coatings market by the end of 2029?

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This release was published on openPR.