Press release
Paints and Coatings Market Trends Opportunities for Investment in Key Sectors
Paints and Coatings Market
The global paints and coatings market is on a strong growth trajectory, projected to reach $278.4 billion by 2031, up from $175.8 billion in 2021, at a CAGR of 4.7% from 2022 to 2031. This expansion is driven by increased demand from key industries such as automotive, construction, and architecture across both developed and emerging economies. However, health concerns related to volatile organic compounds (VOCs) in paints and coatings pose a challenge to market growth. The emergence of high-solid and low-VOC paints is expected to open new opportunities in the industry.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/6115
Segment Analysis
Resin Type:
- Acrylic Segment: Held the largest market share (~33%) in 2021 and is expected to continue its dominance through 2031. The segment benefits from rapid urbanization, fueling demand in construction and decorative applications.
- Alkyd Segment: Forecasted to exhibit the highest CAGR of 5.3% due to expanding housing and real estate sectors, along with rising disposable income levels.
Product Type:
- Waterborne Coatings: Accounted for over 40% of the market in 2021 and will likely maintain the lead, driven by growing furniture demand worldwide.
- Solvent-borne Coatings: Expected to grow at the fastest CAGR of 5.2%, owing to their extensive use in industrial equipment applications, particularly in chemical manufacturing units.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐ซ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ข๐ฌ๐ข๐ญ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/paints-and-coatings-market/purchase-options
Application:
- Architectural Segment: Represented nearly 60% of the market in 2021 and is projected to retain its supremacy, expanding at a 5.0% CAGR through 2031. Urbanization and increased demand for residential and commercial properties are key growth factors.
Regional Outlook
- Asia-Pacific emerged as the leading regional market in 2021, contributing nearly 40% of the global revenue. The region is also anticipated to exhibit the fastest CAGR of 5.2% during the forecast period, supported by industrial advancements in transportation, construction, and other sectors.
Key Market Players
Prominent companies shaping the global paints and coatings market include:
- RPM International Inc.
- Asian Paints
- Indigo Paints Ltd
- PPG Industries, Inc.
- Nippon Paint Holdings Co., Ltd
- The Sherwin-Williams Company
- Akzo Nobel N.V
- Kwality Paints and Coatings Pvt. Ltd.
- Kansai Paint Co., Ltd.
- Axalta Coating Systems, LLC
These market leaders leverage strategies such as product innovation, acquisitions, strategic partnerships, and geographic expansion to strengthen their foothold in the industry.
๐๐๐ญ๐๐ข๐ง ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.alliedmarketresearch.com/paints-and-coatings-market
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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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
Splitโฆ
