Press release
Paints And Coatings Market Booming Worldwide Opportunity, Upcoming Trends and Transformation, Growth Forecast 2020-2026| PPG Industries,Akzonobel N.V., BASF Coatings GmbH, Kelly-Moore Paints and others
Paints And Coatings Market report provides a thoroughly researched abstract of the key players with considerable shareholdings at a global level regarding demand, sales, and income by providing better products and services. Research Report outlines a forecast for the Cosmeceutical market between 2019 and 2026. In terms of value, the Paints And Coatings industry is expected to register a steady CAGR during the forecast periodThe Global Paints and Coatings Market is anticipated to reach USD 286.54 billion by 2026 according to a new study published by Polaris Market Research. Global paints & coatings industry is expected to grow significantly over the forecast period from 2019 to 2026 owing to numerous advancements that is driven by a strong rebound in worldwide building, construction, manufacturing primarily in Western Europe, North America and Japan are projected to augment demand for architectural paints & coatings. Demand from automobile, chemical, general industrial manufacturing etc. will also grow at a higher pace in comparison to its counterparts that will benefit from an improved outlook of higher vehicle production annually along with increasing industrial activities that encompass the use of paints & coatings.
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The key players covered in this study
o Akzonobel N.V
o BASF Coatings GmbH
o Kelly-Moore Paints
o Indigo Paints Pvt Ltd
o Vista Paints Corporation
o Diamond Vogel Paints
o Sacal Inetrnational Group Ltd
o Tiger Coatings GmbH & Co. Kg
o Dunn-Edwards Corporation
o Beckers Group
o Masco Corporation
o S K Kaken Co., Ltd
o Shalimar Paints
o Berger Paints India Limited
o Hempel A/S
o Tikkurila OYJ
o Valspar Corporation
o RPM International Inc
o Kansai Paints Co., Ltd.,
o Asian Paints Limited
o Nippon Paint Holdings Co., Ltd
o Jotun A/S
o Axalta Coating System LLC
o Sherwin-Williams Company
o PPG Industries.
Market segment by Technology, the product can be split into
o Solvent-Based
o Water-Based
o High Solids
o Powder Coatings
o Others
Market segment by Resin Type, split into
o Epoxy Resin
o Acrylic
o Alkyd
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Increasing demand for these products in automobiles owing to its growing popularity of protecting the architectural or non-architectural surfaces from extreme heat, acid rain, dust, UV radiations etc. along with its inherent characteristics of enhancing appearance are projected to be the major factors driving the demand for paints & coatings. These products used for paint or coat surfaces of buildings, automobiles, pipelines, wood, packaging products, marine vessels or any surface are capable of producing long-lasting surfaces in satisfying customers' needs along with maximizing efficiencies, enhancing appearance and meeting environmental regulations.
The present trends of paints & coatings and its application process are aggravated by its shrinking cost of manufacturing, delivering buyer satisfaction by means of corrosion protection and enhancing aesthetic features, along with mitigating environmental concerns. Tremendous quantity of consideration has already been put into the current used paints & coating systems, and they carry a level of sophistication that has been satisfying most customers globally. The advent of the new smart coatings and paints has almost alleviated the problem of corrosion, appearance and durability of components wherever these are applied making them perfectly acceptable for lifetime. The emergence of two-layer topcoats worldwide and the gloss, color, and chip resistance offered by these products remains functional in its first seven to ten years of use. These advantages associated with the products are the primary reasons anticipated to drive the market.
Asia Pacific was the largest regional market in 2019 and it is expected to emerge as the fastest growing regional industry. The region is anticipated to account for the maximum share of the overall worldwide market in terms of consumption. The robust increase in product demand from the Chinese economy and the emerging markets of the region including India, Vietnam, Thailand, and Indonesia are the major trends.
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Mr. Likhil
Corporate Sales
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com/
About Us-
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world
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