Press release
Paints Market Analysis On Trends and Need 2031
The Europe and Middle East & Africa Paints Market for Non-Plastic Application was valued at US$ 36 Bn in 2021
It is estimated to expand at a CAGR of 5.2% from 2022 to 2031
The Europe and Middle East & Africa Paints Market for Non-Plastic Application is expected to reach the value of US$ 60 Bn by the end of 2031
๐๐ข๐๐ฐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/europe-middle-east-africa-paints-market-for-non-plastic-application.html
๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ๐ฌ' ๐๐ข๐๐ฐ๐ฉ๐จ๐ข๐ง๐ญ ๐จ๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐ ๐๐ง๐ ๐๐ข๐๐๐ฅ๐ ๐๐๐ฌ๐ญ & ๐๐๐ซ๐ข๐๐ ๐๐๐ข๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ซ ๐๐จ๐ง-๐๐ฅ๐๐ฌ๐ญ๐ข๐ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Raw material prices witness considerable volatility, as most of the paints require petrochemicals as a key source of raw material. Due to this challenge, companies should invest in data-driven software that enable predictive analysis of raw material prices to help market stakeholders take strategic business decisions. An increasing number of manufacturers in the Europe and Middle East & Africa paints market for non-plastic application are focusing on backward integration such as mergers & acquisitions in order to revive business growth after the COVID 19 pandemic. Such strategies are helping to reduce the manufacturing cost of the final paint products. This explains why the market is expected to expand at a notable CAGR during the forecast period.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84784
๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐๐ฎ๐ซ๐จ๐ฉ๐ ๐๐ง๐ ๐๐ข๐๐๐ฅ๐ ๐๐๐ฌ๐ญ & ๐๐๐ซ๐ข๐๐ ๐๐๐ข๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ซ ๐๐จ๐ง-๐๐ฅ๐๐ฌ๐ญ๐ข๐ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Paints used in non-plastic applications are manufactured using different resins, which include epoxy, alkyd, polyurethane, nitrocellulose, synthetic, oil group, UV cure, powder coatings, and high solids. Paints for non-plastic applications comprised more than 95% of the total paints market in 2021. This can be attributed to the significantly high demand for paints, specifically for applications in decorative paints, protective paints, wood coatings, and general industrial uses.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=84784
๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
The Europe and Middle East & Africa paints market for non-plastic application is consolidated with the presence of key players that are tapping revenue opportunities in alternative industries such as machinery equipment, packaging, and OEM aftermarket. Benefits of Europe and Middle East & Africa paints market for non-plastic application include innovations in plastic-free bioactive paper coatings that are suitable for sustainable packaging materials. Manufacturers are innovating in eco-friendly paints that do not contain any kind of plastic, and are suitable for painting interior walls and ceilings.
Sherwin Williams, PPG Industries, Inc, Akzo Nobel N.V, Nippon Paint Holdings Co., Ltd, RPM International Inc, Axalta Coating Systems, BASF SE, Kansai Paint Co., Ltd, Asian Paints Ltd, and Jotun are prominent entities operating in the Europe and Middle East & Africa Europe and Middle East & Africa paints market for non-plastic application.
Each of these players has been profiled in the Europe and Middle East & Africa paints market for non-plastic application report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=84784
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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๐๐จ๐ง๐ญ๐๐๐ญ:
Rohit Bhisey
Transparency Market Research Inc.
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