Global Paints And Coatings Market to 5.63% CAGR to 2021 – Analysis of Akzo Nobel, BASF, Jotun, PPG Industries, and The Sherwin-Williams Company.

MarketResearchNest.com adds “Global Paints And Coatings Market 2017-2021” new reports to its research database. The report spread across 100 pages with tables and figures in it.

The research analysts forecast the global paints and coatings market to grow at a CAGR of 5.63% during the period 2017-2021.

Paints and coatings are not only used to enhance the aesthetic value of the substrate but also offer various functional benefits such as anti-skid, insulation, conduction, reflection, and light absorption. Paints and coatings have occupied an indispensable place for many applications, including household appliances, buildings, cars, ships, airplanes to computers, microchips, and printed circuit boards.

Get more details about report at: https://www.marketresearchnest.com/global-paints-and-coatings-market-2017-2021.html

Technavio recognizes the following companies as the key players in the global paints and coatings market: Akzo Nobel, BASF, Jotun, PPG Industries, and The Sherwin-Williams Company.

Other Prominent Vendors in the market are: 3M, Asian Paints, Axalta Coating Systems, DAW, H.B. Fuller, Hempel, Henkel, KANSAI PAINT, Masco, NIPPON PAINT, RPM International, and Sika.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growth in DIY market. Increasing disposable incomes that has translated to the construction of new homes, also increased the number of existing home sales. An increase in consumer spending on home remodeling and improvement projects is the major factor providing growth incentive for the consumption of paints and coatings by the residential end-user segment. The demand for paints and coatings from do-it-yourself (DIY) consumers is mainly high in Western economies, and organized big box retailers catering to this demand.

Order a Purchase Report Copy at https://www.marketresearchnest.com/purchase.php?reportid=264824
(This is premium report, Single User License – USD 3500 and Corporate User License – USD 6000)

According to the report, one of the major drivers for this market is Highly lucrative architectural paints segment. In the architectural paints segment, most of the vendors have identical product offerings. Increasing demand for supportive infrastructure in all parts of the world owing to growing population, coupled with increasing urbanization, is driving the demand for architectural paints and coatings. Additionally, the growth in the retail and hospitality sectors is also contributing to the demand for architectural paints.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuating crude oil prices. The cost of paints and coatings products depends on the price fluctuations of crude oil, which was at an 11-year low in 2016. Crude oil prices further declined after the Organization of the Petroleum Exporting Countries (OPEC) planned to retain its high production despite reduced oil prices. Additionally, benzene prices in the Asian markets dropped sharply due to the weak demand. Volatile oil prices are common in the chemical sector.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Inquire before buying this report at https://www.marketresearchnest.com/enquirybuy.php?reportid=264824

MarketResearchNest.com is the most comprehensive collection of market research products and services on the Web. We offer reports from almost all top publishers and update our collection on daily basis to provide you with instant online access to the world’s most complete and recent database of expert insights on global industries, organizations, products, and trends.

Mr. Jeet Jain
Sales Manager
sales@marketresearchnest.com
+1-240-284-8070 / +44-20-3290-4151

This release was published on openPR.