Press release
Sales of paints and coatings are projected to increase at over 5% CAGR and be valued at US$ 239 Bn by 2031
Paints & Coatings Market 2022
New Study Reports "Paints & Coatings Market 2022 Global Market Opportunities, Challenges, Strategies and Forecasts 2031" has been Added on PMR.
The global Paints & Coatings market is currently valued at close to US$ 146 Bn. Sales of Paints & Coatings are projected to increase at over 5% CAGR and be valued at US$ 239 Bn by 2031. The increasing use of water-based paints and provision of associated services along with paint & coating products are key trends being witnessed in this space.
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The demand for paints and coatings is anticipated to increase over the next few years as a result of expanding industrial development and a notable increase in construction activity in areas like Asia Pacific, North America, and Europe. It is anticipated that nations in the Asia Pacific, including China, India, and ASEAN, will prioritise doubling their infrastructure and building spending.
Key manufacturers are focusing on reducing their carbon footprint to increase sustainability in their products. They are investing substantial amounts in research & development to provide paint and coating products that emit low volatile organic compounds, by providing bio-based and eco-friendly paints and coatings.
The growth is attributed to the increasing demand for decorative paints in developing economies and the growing demand for protective coatings in developed economies. Paints and coatings are used for various applications such as architectural, automotive, marine, industrial, furniture, and other end-user segments.
Company Profiles-
• PPG Industries
• Sherwin-Williams Company
• Axalta Coating Systems
• Valspar Corporation
• NEI Corporation
• Cabot Corporation
• RPM International Inc.
• DuPont de Nemours, Inc.
• Diamond Vogel
• NIC Industries, Inc.
• Akzo Nobel N.V.
• Hempel A/S
• Steuler-KCH GmbH
• Henkel Group
• Terraco Group
• Fosroc
• Belzona International Ltd
• DAW SE
• Jotun
• Nippon Paint Holdings Co., Ltd.
• Kansai Paint Co., Ltd.
• Berger Paints Ltd
• Asian Paints Ltd.
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Key Segments of Market
Persistence Market Research's study on the global paints and coatings market is divided into four significant segments - technology, base type, application, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.
By Technology
Architectural
• Pure Acrylic
• Styrene Acrylic
• Vinyl Acrylic
• Polyester
• Alkyd
• Epoxy
• Polyurethane
• Others
Industrial
• Pure Acrylic
• Styrene Acrylic
• Vinyl Acrylic
• Polyester
• Alkyd
• Epoxy
• Polyurethane
• Others
By Base Type
Architectural
• Water
• Solvent
• Powder
Industrial
• Water
• Solvent
• Powder
By Application
Architectural
• Interior
• Exterior
Industrial
• Wood
• Automotive
• Metal
General Industrial
• Traffic Paints
• Paper
• Protective Coatings
• Others
By Region
• North America
• Latin America
• Europe
• East Asia
• South Asia Pacific
• Middle East & Africa
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Key Questions Answered in Report
• Which country is anticipated to hold a prominent market share over the forecast period?
• What will be the key driving factors propelling the demand for paints and coatings during the forecast period?
• How current trends will impact the paints and coatings market?
• Who are significant market participants in the paints and coatings industry?
• What are the crucial strategies of prominent players to upscale their positions in this landscape?
Request you to Read More-
Insulation Paints and Coatings Market - https://www.persistencemarketresearch.com/market-research/insulation-paints-and-coatings-market.asp
The global insulation paints and coatings market is expected to reach a little over US$ 8 Bn by the end of forecast period, registering a CAGR of 5.7% for the period between 2018 and 2026.
Thermal Spray Coatings Market - https://www.persistencemarketresearch.com/market-research/thermal-spray-coatings-market.asp
Global thermal spray coatings market was valued at US$ 7,560.0 Mn in 2015 and is anticipated to expand at a CAGR of 5.9% in terms of value from 2016-2024.
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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…
