Press release
Paints And Coatings Market Expected To Reach Highest CAGR By 2023 Top Players: PPG Industries Inc, The Sherwin-Williams Company, Akzonobel N.V
The Business Research Company
The paints and coatings market is expected to decline from $221.5 billion in 2019 to $212.5 billion in 2020 at a compound annual growth rate (CAGR) of -4.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of % from 2021 and reach $209.8 billion in 2023.
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The paints and coatings market consists of the sales of paints and coating by entities (organizations, sole traders or partnerships) that mix pigments, solvents, and binders into paints and other coatings, such as stains, varnishes, lacquers, enamels, shellacs, and water-repellent coatings for concrete and masonry, and/or produce allied paint products, such as putties, paint and varnish removers, paint brush cleaners, and frit.
Smart coatings and high performance coating technologies are being adopted by companies to enhance efficiencies of coating compounds. Nano coatings, are a type of smart coating which has extremely tiny particles and unique characteristics such as flexibility, resistance to corrosion and micro bacterial growth. Fluoropolymer coating is known for its high performance properties such as long life cycle and high cost efficiency.
Paints And Coatings Market Segmentation:
By Type
1. Water Borne Coatings
2. Solvent Based Coatings
3. Powder Coatings
4. Others - Paints And Coatings
By Application
1. Architectural
2. Automotive
3. Wood
4. Packaging
5. Aerospace
6. Others
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Paints And Coatings Market Characteristics
4. Paints And Coatings Market Product Analysis
5. Paints And Coatings Market Supply Chain
……
20. Key Mergers And Acquisitions In The Paints And Coatings Market
21. Market Background: Chemicals Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the paints and coatings market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the paints and coatings market are PPG Industries Inc, The Sherwin-Williams Company, AkzoNobel N.V, Dow Chemical, RPM International Inc
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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