Press release
Paints & Coatings Market overview by recent opportunities, growth size, regional analysis and forecasts to 2031
Paints & Coatings Market
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Market Segments
By Product
Waterborne coatings
Solvent-borne coatings
Powder coatings
High solids
Others
By Material
Acrylic
Polyester
Polyurethane
Epoxy
Others
By Application
Architectural & Decorative
Non-Architectural
Key Players
PPG Industries
AkzoNobel
Valspar Corporation
Sherwin-Williams
Kansai Paint
Nippon Paint
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Key Drivers
The global paints and coatings market is driven by the growing construction industry, the increasing demand for automobiles, and the need for product innovation.
The construction industry is anticipated to grow at a rapid pace in the coming years, owing to the increasing urbanization and industrialization. This, in turn, is expected to drive the demand for paints and coatings.
The automotive industry is also expected to witness significant growth in the coming years, due to the increasing demand for passenger cars and commercial vehicles. This is anticipated to boost the demand for paints and coatings, as they are widely used in the automotive industry.
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