Press release
Architectural Coatings Expected to Dominate the Global Paints and Coatings Market, Fueled by the Growing Construction Industry
The paints and coatings market size was valued at US$ 171.42 billion in 2022and is projected to reach US$ 310.1 billion by 2032 with, growing at a CAGR of 5.8% from 2021 to 2027. The market is driven by various factors, such as the growing construction industry, rising demand for automobiles, and increasing awareness about the need for corrosion-resistant coatings.
In terms of product type, the paints and coatings market can be segmented into water-based, solvent-based, powder, and others. Water-based coatings are expected to dominate the market due to their eco-friendliness and low VOC content. Solvent-based coatings are also popular in certain applications due to their high durability and resistance to weathering and chemicals.
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Top key players:
• Akzo Nobel NV
• Asian Paints
• Axalta Coating Systems Ltd LLC
• BASF SE
• Beckers Group
• Berger Paints India Ltd.
• Brillux GmbH & Co. KG
• Caparol, Cromology
• DAW SE.
Segmentation:-
The paints and coatings market can be segmented based on several factors, including product type, application, resin type, technology, and geography. Here are some of the key segmentation categories:
Product type: The paints and coatings market can be segmented based on the type of product, including water-based, solvent-based, powder, and others. Each product category has its unique features, benefits, and target audience.
Application: The paints and coatings market can be segmented based on the application, including architectural, automotive, industrial, wood, and others. Each application has its unique requirements and preferences, such as durability, corrosion resistance, and aesthetic appeal.
Resin type: The paints and coatings market can be segmented based on the type of resin used in the formulation, including acrylic, epoxy, polyurethane, alkyd, and others. Each resin type has its unique properties, such as adhesion, flexibility, and chemical resistance.
Technology: The paints and coatings market can be segmented based on the technology used in the formulation, including water-based, solvent-based, radiation-cured, and others. Each technology has its unique advantages and disadvantages, such as environmental friendliness, drying time, and cost-effectiveness.
Geography: The paints and coatings market can also be segmented based on geography, including regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Each region has its unique market characteristics, such as consumer preferences, regulatory framework, and competitive landscape.
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Scope of the report:
1. Global Paints Coatings Market, By Resin, 2020 - 2030, (US$ Mn)
o Overview
-- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 - 2030
-- Y-o-Y Growth Analysis (%), 2020 - 2030
-- Segment Trends
o Architectural Coating Resin
-- Overview
-- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 - 2030
o Others
-- Overview
-- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 - 2030
2. Global Paints Coatings Market, By End- User Industry, 2020 - 2030, (US$ Mn)
o Overview
-- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 - 2030
-- Y-o-Y Growth Analysis (%), 2020 - 2030
-- Segment Trends
o Architectural
-- Overview
-- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 - 2030
o Automotive
-- Overview
-- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 - 2030
o Wood
-- Overview
-- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 - 2030
o Protective Coating
-- Overview
-- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 - 2030
o General Industries
-- Overview
-- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 - 2030
o Transportation
-- Overview
-- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 - 2030
o Packaging
-- Overview
-- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 - 2030
3. Global Paints Coatings Market, By Technology, 2020 - 2030, (US$ Mn)
o Overview
-- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 - 2030
-- Y-o-Y Growth Analysis (%), 2020 - 2030
-- Segment Trends
o Water- borne
-- Overview
-- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 - 2030
o Solvent-borne
-- Overview
-- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 - 2030
o Powder Coating
-- Overview
-- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 - 2030
o UV-cured Coating
-- Overview
-- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 - 2030
4. Global Paints Coatings Market, By Region, 2020 - 2030, (US$ Mn)
o Overview
-- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 - 2030
-- Y-o-Y Growth Analysis (%), 2020 - 2030
-- Regional Trends
Related reports:
• https://www.prophecymarketinsights.com/market_insight/Global-Automotive-Coatings-Market-By-224
• https://www.prophecymarketinsights.com/market_insight/Global-FEVE-Fluropolymer-Coatings-Market-3949
• https://www.prophecymarketinsights.com/market_insight/Polyaspartic-Coatings-Market-5002
To know more
Contact Us:
Sales
Prophecy Market Insights
+1 860 531 2574
Email- sales@prophecymarketinsights.com
Website- www.prophecymarketinsights.com
About Prophecy Market Insights
Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.
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