Press release
Paints and Coatings Market Insights, trends and forecasts 2020 to 2026 alongwith Covid-19 impact analysis of top companies etc
The global paints & coatings market size was USD 146.54 billion in 2018 and is projected to reach USD 236.11 billion by 2026, exhibiting a CAGR of 6.2% during the forecast period.
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Top Key Players in the Paints & Coatings Market: Akzonobel N.V., Axalta Coating Systems Ltd., Axalta Coating Systems LLC, Masco Corporation, Asian Paints Limited, PPG Industries, Inc., The DOW Chemical Company, BASF SE, Progressive Painting Inc., Kansai Paint Co. Ltd., Nippon Paint, The Sherwin-Williams Company.
Latest Market News:
AkzoNobel Announces New Management Structure For Paints And Coatings Business
September 2018:Akzo Nobel NV (AKZOY.PK, AKZOY) announced a new management structure for its Paints and Coatings business. The new structure will be based on four regional Paints business units and four integrated Coatings business units with full profit and loss responsibility. The company said the separation of Specialty Chemicals remains on track for April 2018.
Top coating Manufacturers ranking in Europe in 2019
The Dutch company Akzo Nobel leads the ranking with EUR 9.3 billion (-3 % compared to the previous year), more than twice as high as BASF's Coatings division, the second-placed coatings manufacturer.
The global Paints & Coatings Market is segmented on the lines of its product, application, and regional.
Based on product type segmentation it covers (Water-based, Solvent-based, High Solid, Powder, Others);
Based on application it covers (Automotive & Transportation, Aerospace, Building & Construction, Packaging, Healthcare & Medical Devices, Marine, Electrical & Electronics, Others);
The global Paints & Coatings Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
China Dominate Market in Asia-Pacific
China is globally recognized for architectural boom. Demand for low-cost housing and commercial housing is the reason for the growth in recent years.
China's real estate sector has grown rapidly with the increase in investment by the government. More recently, property prices in China rose about 30.0% due to increased activity in the real estate space. Growth in construction is expected to positively affect the paints and coatings market in the country.
Investments in the transport sector increased in the past close. In April 2019 the Chinese government invested about USD 73 billion to build major transportation projects, including railways, highways, waterways, airports and urban rail. The investment plan will improve connectivity in the country among major cities, which is helping to develop a broader economic and social area.
Furthermore, China accounted for almost 40% of global furniture production. further production increases at a rapid rate, due to increased domestic demand, coupled with increased exports to European countries.
Number of cans packaged in China is likely to expand over 6% in the next few years. In addition, manufacturers of beverage cans are great, as Crown Holdings possibility to expand the production capacity of beverage cans in the country to meet rapidly growing demand.
These factors, in turn, fueling demand for paints and coatings in the country.
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Influence of the Paints & Coatings Market report:
-Comprehensive assessment of all opportunities and risk in the Paints & Coatings Market.
-Paints & Coatings Market recent innovations and major events.
-Detailed study of business strategies for growth of the Paints & Coatings Market -leading players.
-Conclusive study about the growth plot of Paints & Coatings Market for forthcoming years.
-In-depth understanding of Paints & Coatings Market -particular drivers, constraints and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Paints & Coatings Market.
Finally, Paints & Coatings Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
We Also Offer Customization on report based on specific client Requirement:
- Free country Level analysis for any 5 countries of your choice.
- Free Competitive analysis of any 5 key market players.
- Free 40 analyst hours to cover any other data point.
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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- Global Architectural Paints & Coatings Market Research Report 2020
https://www.marketinsightsreports.com/reports/02041816939/global-architectural-paints-coatings-market-research-report-2020?mode=69
- Global Powder Coatings Market Research Report 2020
https://www.marketinsightsreports.com/reports/01031710528/global-powder-coatings-market-research-report-2020?mode=69
- Global Anti-corrosion Paints & Coatings Sales Market Report 2018
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- Global Solvent-Based Anti-Corrosion Coatings Market Research Report 2020
https://www.marketinsightsreports.com/reports/02041818682/global-solvent-based-anti-corrosion-coatings-market-research-report-2020?mode=69
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
Market Insights Reports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Market Insights Reports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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