Paints and Coatings Market Prevalent Opportunities upto 2025 | AkzoNobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, Axalta Coating Systems LLC, Jotun A/S, Nippon Paint Holdings Co., Ltd, Asian Paints Limited, Kansai Paint Co., Ltd., RPM Int

Low-VOC emulsion processing is used in architectural paints owing to stringent regulations to be an advantage for the global paints and coatings market. The global market is projected to reach more than 62 million tons over the forecast period.

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Many architectural paints use sustainable, bio-based or recycled materials like recycled plastic or soy oil to dispose of organic solvents. Products made of plant, forest or marine products are the bio-based products. The Presidential Green Chemistry Challenge Award has acknowledged these inventions.

The availability of air barriers necessary for energy-efficient building enclosures makes architectural coatings a significant factor. Architectural surface air barriers contribute to the demands for energy quality in all green building requirements. Specifically designed low-emitting interior coverings protect the safety and comfort of vulnerable communities, such as school children and hospital patients.

Various drivers contributing in the growth of paints and coatings market comprise of green environmental regulations, increasing construction activities across the globe, and provision of durable coating with good performance as well as aesthetics. In the next few years, an increase in the number of applications for these coatings would likely lead to strong growth.

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In terms of technology, the global paints and coating market is segmented into Waterborne Technology, Solvent borne Technology, Powder Coating, Others. Similarly, in terms of application, the global paints and coatings is segmented into Architectural and industrial.

The global Paints & Coatings market is segmented into North America, Asia Pacific, Europe, Central & South America, and Middle East and Africa. Asia Pacific is projected to consumer major amount of the paints and coatings market owing to presence of huge populous countries such as India and China. However, North America and Europe is also projected to show significant demand of paints and coatings over the future period.

Global leaders in this market include AkzoNobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, Axalta Coating Systems LLC, Jotun A/S, Nippon Paint Holdings Co., Ltd, Asian Paints Limited, Kansai Paint Co., Ltd., RPM International Inc., Tikkurila OYJ, Hempel A/S, Berger Paints India Limited, Shalimar Paints, Masco Corporation, BASF Coatings GmbH, S K Kaken Co., Ltd., Beckers Group, Dunn-Edwards Corporation, Tiger Coatings GmbH & Co. KG, SACAL International Group Ltd, Diamond Vogel Paint Company. Vista Paints Corporation. Indigo Paints PVT Ltd, Kelly-Moore Paints. However, volatility in the prices is still the major concern for the global players. R&D activities are currently more focused on finishing techniques than the creation of new pigment molecules

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Key segments across Paints & Coatings market

Type Overview, 2018-2025, (USD Billion) (Million Tons)

Waterborne Technology
Solvent-borne Technology
Powder Coating
Others

Applications Overview, 2018-2025, (USD Billion) (Million Tons)

Architectural
Industrial

Regional Overview, 2018-2025, (USD Billion) (Million Tons)

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia-Pacific
Central & South America
Brazil
Argentina
Rest of Central & South America
Middle East & Africa
Saudi Arabia
Rest of Middle East & Africa

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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