Global Paints and Coatings Size, Status and Industry Growth 2022

Global Paints and Coatings Market accounted for $135.48 billion in 2015 and is expected to reach $196.2 billion by 2022 growing at a CAGR of 5.4% from 2015 to 2022. The present era of industrialization mainly depends on the advancements of the infrastructure in the construction works. Due to this increase in civil construction activities globally the market growth is in good pace. Moreover the growth in the market is due to advancements in technology and emergence of new automotive technologies. Lack of product differentiation in the market is a major challenge to its growth.

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Water-borne paints and coatings segment is estimated to be the fastest growing segment in the market due to high demand for water borne coating in the commercial, residential, aviation & automotive sectors. Architectural decorating coatings segment following the market is also estimated to be one of the fastest growing markets because of rise in number of nuclear families and independent houses. North America is going to dominate the market; however Asia pacific is expected to be the fastest growing market owing to the rise in aviations and automotive industries.

Some of the key players of the paints and coatings market include 3M Company, AkzoNobel N.V., Asian Paints Limited, Axalta Coating Systems, BASF Coatings GmbH, Chugoku Marine Paints, Ltd., Hempel A/S, Jones Blair, Kansai Paint Co., Ltd., Nippon Paint Co., Ltd., PPG Industries, Inc., RPG International Inc., Sherwin-Williams Company and Valspar Corporation.

Types Covered:
Architectural/Decorative Coatings
Industrial OEM Coatings
Special Purpose Coatings

Technologies Covered:
Packaging Coatings
Protective Coatings
Powder Coatings
Transportation Refinishes
Wood Finishes

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Products Covered:
High-Solids Paints
Radiation-Curable Coatings
Solvent-borne Coatings
Waterborne Paints
Power Coating
Other/Speciality Coatings

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt

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