openPR Logo
Press release

Paints & Coatings Market is expected to reach over US$196.5 Bn by 2022, Credence Research

03-08-2017 10:58 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: credence research

Paints & Coatings Market is expected to reach over US$196.5 Bn

According to a new market report published by Credence Research “Paints & Coatings Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2021,” the paints & coatings market was valued is expected to reach over US$196.5 Bn by 2022, expanding at a CAGR of more than 5.0% from 2015 to 2022.
Browse the full Paints & Coatings (Premium, Medium and Economy) Market for Architectural Coatings, Industrial Coatings, Special Purpose Coatings and Other Applications- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2021 report at http://www.credenceresearch.com/report/paints-and-coatings-market
Market Insights:
Coatings are coverings that are applied to the surface of any object to protect it from corrosion, dust and for decoration. It is referred as a substrate and is mainly used as a functional material for many applications. Hence, paints & coatings are widely used for many applications in various end-user industries. Functional paints & coatings are used to change the surface properties of object which includes adhesion, wear and corrosion resistance among others. In case of device fabrication, the coatings used add excellent new properties such as electrical conductivity and magnetic response among others. These factors have promoted the growth of paints & coatings industry worldwide.
Rising population in emerging economies such as Asia Pacific has boosted the growth of construction industry. China and India are the major countries boosting market demand for residential projects which is driving the market for paints & coatings in the region. Asia Pacific is the largest and fastest growing market for paints & coatings worldwide. The increasing demand for paints & coatings in the construction industry is the major factor driving the growth of global paints & coatings market. Hence, high demand from the construction industry is expected to boost market growth of global paints & coatings market. Paints & coatings are segmented into premium, medium and economy coatings depending on the quality and price of the product. Premium coatings are expected to experience high growth due to its beneficial properties as compared to other coatings in the market.

Sample: http://www.credenceresearch.com/sample-request/57915

Competitive Insights:
Architectural coatings accounted for larger share of global paints & coatings market. The growing demand for residential and commercial projects in emerging economies such as Asia Pacific and Rest of the World has led to high demand for paints & coatings in the market. Architectural coatings are expected to gain high demand among other coatings in the market. Industrial coatings followed architectural coatings in terms of demand and the market is expected to grow in the near future. High demand from industrial sector for machine manufacturing, automobiles, etc. is anticipated to boost market for paints & coatings. Other applications such as special purpose coatings are also projected to generate high demand for paints & coatings worldwide. These coatings offer less benefits but are widely used for small scale applications. Hence, paints & coatings market is projected to grow in the near future.

Key Trends:
Architectural coatings in construction industry
Manufacturing process of automobiles and machinery
Wide applications in numerous end-user industries
Opportunities from increasing research activities for green and environment friendly coatings

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.

105 N 1st ST #429, SAN JOSE,
CA 95103, United States

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Paints & Coatings Market is expected to reach over US$196.5 Bn by 2022, Credence Research here

News-ID: 460606 • Views:

More Releases from credence research

Ultrahigh Definition Dynamic 3D Holographic Display Market is Anticipated to Reach USD 3660.71 million by 2032 | Credence Research
Ultrahigh Definition Dynamic 3D Holographic Display Market is Anticipated to Rea …
Ultrahigh Definition Dynamic 3D Holographic Display Market Outlook (2024-2032) The Ultrahigh Definition Dynamic 3D Holographic Display Market is emerging as one of the most transformative segments within the advanced visualization and display technology landscape. Valued at USD 1,478.5 million in 2024, the market is anticipated to reach USD 3,660.71 million by 2032, expanding at a robust compound annual growth rate (CAGR) of 12% during the forecast period. This strong growth trajectory
Aerospace Fluid Conveyance System Market is Expected to Reach USD 29,989.93 million by 2032 | Credence Research
Aerospace Fluid Conveyance System Market is Expected to Reach USD 29,989.93 mill …
Aerospace Fluid Conveyance System Market: Growth, Trends, Segmentation & Competitive Landscape (2024-2032) The Aerospace Fluid Conveyance System Market is undergoing steady expansion, driven by rising aircraft production rates, increasing defense modernization programs, and the growing adoption of advanced materials and smart technologies in aerospace systems. Valued at USD 19,102.5 million in 2024, the market is projected to reach USD 29,989.93 million by 2032, registering a compound annual growth rate (CAGR) of
Underground Mining Equipment Market is Projected to Reach USD 61,451.15 million by 2032 | Credence Research
Underground Mining Equipment Market is Projected to Reach USD 61,451.15 million …
Global Underground Mining Equipment Market Outlook (2025-2032) The Global Underground Mining Equipment Market is poised for steady and sustained growth over the coming decade, driven by rising global demand for minerals, metals, and energy resources. The market is projected to expand from USD 39,782.13 million in 2023 to USD 61,451.15 million by 2032, registering a compound annual growth rate (CAGR) of 4.95% between 2025 and 2032. This growth trajectory reflects the
Plant Protein Ingredients Market is Expected to Reach USD 35,451.11 million by 2032 | Credence Research
Plant Protein Ingredients Market is Expected to Reach USD 35,451.11 million by 2 …
The global Plant Protein Ingredients Market is witnessing a decisive shift in the global nutrition and ingredients landscape. Valued at USD 18,732.78 million in 2024, the market is projected to nearly double, reaching USD 35,451.11 million by 2032, registering a robust compound annual growth rate (CAGR) of 8.3% during the forecast period. This growth reflects accelerating consumer demand for plant-based nutrition, clean-label formulations, and sustainable protein alternatives across food, beverage,

All 5 Releases


More Releases for Coatings

Cooling Coatings: Low Temperature Powder Coatings Surge
The Business Research Company recently released a comprehensive report on the Global Low Temperature Powder Coatings Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free
Industrial Coatings Market Demand Analysis by Silicone, Ceramic, Formaldehyde, R …
Download Free PDF Brochure of Industrial Coatings: Technologies Now at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1809244 . The industrial coatings market has grown significantly during the past few years and is expected to grow at a more rapid pace in the next five years. The market continues to expand; new technological developments and industry changes have taken place. Demand is expected to increase due to a broad range of uses in the machinery, equipment, appliance, wood, coil
Powder Coatings Market to 2023 : BASF Coatings, Bayer Materials Science, DOW Che …
Researchmoz added Most up-to-date research on "Powder Coatings: Materials, Technologies and Applications" to its huge collection of research reports. "Summary The global market for powder coatings was nearly REDACTED in 2016 and over REDACTED in 2017, increasing to a projected REDACTED in 2022, a CAGR of REDACTED between 2017 and 2022. The total value of the powder coating market, including powder materials, coating equipment, and services, was nearly REDACTED in 2016
Global Acrylics Coatings Market By Type: Water-based Acrylics Coatings and Solve …
Researchmoz added Most up-to-date research on "Global Acrylics Coatings Market By Type: Water-based Acrylics Coatings and Solvent-based Acrylics Coatings" to its huge collection of research reports. This report researches the worldwide Acrylics Coatings market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Acrylics Coatings breakdown data by manufacturers, region, type and application, also analyzes the
Global Marking Coatings Market 2018| Sherwin Williams, Diamond Vogel, NCP Coatin …
Albany, NY, 27th August : Recent research and the current scenario as well as future market potential of "Global Marking Coatings Market Professional Survey Report 2018" globally. This report studies the global Marking Coatings market status and forecast, categorizes the global Marking Coatings market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and
United States Paint and Coatings Market, 2017: By Product Types - Waterborne Coa …
Researchmoz added Most up-to-date research on "United States Paint and Coatings Market, 2017: By Product Types - Waterborne Coatings, High-solids Coatings, Powder Coatings & Others" to its huge collection of research reports. This report studies sales (consumption) of Paint and Coatings in United States market, focuses on the top players, with sales, price, revenue and market share for each player, covering PPG Akzo Nobel Kansai Paint Nippon Paint BASF Axalta (formerly DuPont) Chugoku Marine Paint Valspar Sherwin-Williams Hempel Market Segment by States,