Press release
Paints and Coatings Market to reach USD 236.11 billion by 2026, exhibiting a CAGR of 6.2% by 2026 | Paints and Coatings Industry Insights, Key Players, Global Business Revenue, Latest Innovations, Emerging Trends and Forecast by 2026
The global paints and coatings market size is predicted to reach USD 236.11 billion by 2026, exhibiting a CAGR of 6.2% during the forecast period. The emergence of advanced coatings such as cationic electrocoating materials for prevention against wear and corrosion will encourage the healthy growth of the market during the forecast period, states Fortune Business Insights in a report, titled “Paints and Coatings Market Size, Share & Industry Analysis, By Resin (Epoxy, Acrylic, Polyester, Alkyd, PU, and Others), By Technology (Waterborne, Solvent Borne, Powder Coating, and Others) By Application (Architectural, Automotive OEM, Marine, Coil, General Industries, Protective Coatings, Automotive Refinish, Industrial Wood, and Others), and Regional Forecast, 2019 – 2026”The global market size stood at USD 146.54 billion in 2018. The increasing application of paints & coatings in the building and construction industry will have a positive impact on the market.
The Report Lists the Main Companies in the Paints and Coatings Market:
PPG Industries, Inc.
Axalta Coating Systems
Nippon and Kansai (Kansai Paint Co.,Ltd. )
AkzoNobel
Kwality Paints and coatings Pvt. Ltd. (KPCPL)
Kansai Nerolac Paints Limited
NIPSEA GROUP
The Sherwin-Williams Company
Jotun
Nippon Paint Holdings Co., Ltd.
RPM International Inc.
TIKKURILA OYJ
S K Kaken Co., Ltd
Dunn-Edwards Corporation
Get Sample PDF Brochure with Impact of COVID-19 Analysis:
https://www.fortunebusinessinsights.com/enquiry/covid19-impact/paints-and-coatings-market-101947
Driving Factors:
Rising Construction Activities to Spur Sales Opportunities
The rising utilization of coating in the protection of buildings & infrastructures from corrosion will bolster the healthy growth of the market. The growing adoption of architectural coatings in interior and exterior house paints, sealers, primers, varnishes, and stains will enable speedy expansion of the market. The growing cognizance about the advantages of coatings such as less-VOC and odorless, high-scrub resistance, semi-gloss sheens will contribute positively to the growth of the market.
Furthermore, the rise in construction activities will uplift the market potential during the forecast period. The increasing government investments in infrastructure development will spur the demand of the market. The adoption of trailblazing technologies such as building information modeling (BIM) and cloud computing in the construction industry will consequently boost the market.
The enormous investment in residential and commercial building spaces will have a tremendous impact on the market. In addition, the increasing application of paints & coatings in automotive & transportation, wood, coils, and industrial metals support the growth of the market.
Regional Analysis:
Heavy Demand from Residential Sector to Augment Growth in Asia Pacific
The market in Asia Pacific is predicted to grow rapidly during the forecast period. The growth in the region is attributed to the booming construction and automotive industry in China, Japan, and India. The growing demand for paints & coatings in the residential and non-residential infrastructures will have a positive impact on the market. The increasing inclination towards walls, windows, and furniture will spur opportunities for the market during the forecast period. The booming automotive industry is likely to aid the expansion of the market in Asia Pacific.
Europe is predicted to rise exponentially in the forthcoming years owing to the increasing demand from the automotive industry. The well-established automotive industry will enable growth in the region. North America is predicted to rise tremendously during the forecast period owing to the remodeling and refurbishing of existing infrastructures in the region. The increasing technological advancement and growing disposable income are factors predicted to further boost the market in North America.
Key Development:
April 2019: PPG announced the acquisition of Hemmelrath Lackfabrik GmbH, manufacturer of automotive coating. The new development will support PPG’s automotive coatings offering and manufacturing solutions.
October 2019: Berger paints announced that it has signed a deal with STP Ltd, a major manufacturer of construction materials.
Quick Buy - Paints and Coatings Market Research Report:
https://www.fortunebusinessinsights.com/checkout-page/101947
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
Linkedin | Twitter | Blogs
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Paints and Coatings Market to reach USD 236.11 billion by 2026, exhibiting a CAGR of 6.2% by 2026 | Paints and Coatings Industry Insights, Key Players, Global Business Revenue, Latest Innovations, Emerging Trends and Forecast by 2026 here
News-ID: 2548109 • Views: …
More Releases from Fortune Business Insights
Future of Renewable Energy Market Insights: Growth Drivers, and Regional Develop …
Global Renewable Energy Market Overview
The global renewable energy market size was valued at USD 954 billion in 2023. The market is projected to grow from USD 1,020.94 billion in 2024 to USD 1,574.17 billion by 2032, exhibiting a CAGR of 5.56% during the forecast period. Asia Pacific dominated the renewable energy market with a market share of 67.76% in 2023. The Renewable energy market in the U.S. is projected to…
DC Drives Market Overview: Opportunities, Growth Drivers, and Key Applications
Market Overview
The global DC drives market size was valued at USD 4.34 billion in 2018 and is projected to reach USD 9.23 billion by 2032, exhibiting a CAGR of 5.59% during the forecast period of 2019-2032. Asia Pacific dominated the global market with a share of 28.8% in 2018. The DC drives market in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.59 billion by…
Humanoid Robots Market: An In-depth B2B Analysis of Size, Share, and Future Grow …
Brief Market Overview:
The global humanoid robots market is rapidly transitioning from a nascent field into a major growth sector, with its value escalating from USD 2.43 billion in 2023 to a projected USD 66.0 billion by 2032, demonstrating a remarkable CAGR of 45.5%.
These complex machines, which merge mechanical, electrical, and software engineering, are moving beyond research labs into real-world applications across industrial, service, and household sectors. This explosive growth…
Methanol Market Poised for Remarkable Growth, set to Reach USD 46.32 billion by …
The global methanol market size was valued at USD 31.26 billion in 2023. It is projected to grow from USD 32.70 billion in 2024 to USD 46.32 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period.
The global methanol market size is set to gain traction from the urgent need to lower environmental pollution caused by the surging usage of heavy fuels, such as diesel and gasoline. Pollution…
More Releases for Paint
SKSHU Paint: Life Enjoyment Wall Repair Paint
Image: https://www.abnewswire.com/uploads/6c917f12026802adfd22d2c0dd8f5805.png
This product is a fast-drying waterborne aerosol paint composed of waterborne acrylic resin, pigments and fillers. Odorless and environment-friendly, it has the advantages of easy application, good atomization, high spray rate, high film richness, excellent adhesion and strong hiding power.
Product Introduction
This product is a fast-drying waterborne aerosol paint composed of waterborne acrylic resin, pigments and fillers. Odorless and environment-friendly, it has the advantages of easy application, good atomization, high…
How to Solve the Paint Selection Problem? Understanding the Mystery of Latex Pai …
Introduction
Before starting this paint exploration journey, let's first think about why the choice of paint is so important. A warm and comfortable home, a smooth, brightly colored wall, not only can bring us visual enjoyment, but also create a unique atmosphere and mood. The coating, as a wall coat, its quality, performance and environmental protection directly affect our quality of life and health.
1. Definition and component analysis
Latex paint:
Definition: Latex paint…
Water Based Enamel Paint Market is Booming Worldwide | Intercoastal Paint, Nippo …
The latest study released on the Global Water Based Enamel Paint Market by AMA Research evaluates market size, trend, and forecast to 2027. The Water Based Enamel Paint market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about…
Global Refinish Paint for Automotive Market By Key Players: Akzo Nobel, BASF, 3M …
Qyresearchreports include new market research report Global Refinish Paint for Automotive Market Professional Survey Report 2018 to its huge collection of research reports.
This report studies the global Refinish Paint for Automotive market status and forecast, categorizes the global Refinish Paint for Automotive market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and…
Road Marking Paint Market Report 2018: Segmentation by Product (Thermoplastic Ma …
Global Road Marking Paint market research report provides company profile for Ennis Flint, Hempel, Geveko Markings, PPG Industries, Asian Paints PPG, SealMaster, 3M, Sherwin-Williams, Swarco AG, Nippon Paint and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018…
China Paint and Coatings Market Research Report 2017 - PPG, Akzo Nobel, Kansai P …
This report studies Paint and Coatings in China market, focuses on the top players in China market, with capacity, production, price, revenue and market share for each manufacturer, covering
PPG
Akzo Nobel
Kansai Paint
Nippon Paint
BASF
Axalta (formerly DuPont)
Chugoku Marine Paint
Valspar
Sherwin-Williams
Hempel
Market Segment by Regions (provinces), covering
South China
East China
Southwest China
Northeast China
North China
Central China
Northwest China
Split by product Type, with production, revenue, price, market share and growth rate of each type, can be divided into
Waterborne Coatings
High-solids Coatings
Powder Coatings
Others
Split…
