Global Paints and Coatings Market 2018 Segmented by Product Type, Manufacturers, Base Stock, Sales Channel, Distributors, Traders, Dealers, Appendix and Data Source to 2023

The Global Paints and Coatings Market Has Been Estimated At USD 129,202.51 Million In 2017. The Market Is Expected To Register A CAGR Of 4.64% During The Forecast Period, 2018 To 2023. One of the major factors driving the growth of the market is the growing demand from the Asia-Pacific automotive and construction industry applications

GROWING DEMAND FROM CONSTRUCTION SECTOR IN THE ASIA-PACIFIC REGION

Paints and coatings are used for different applications, such as protecting the surface from weathering impact, make the surface waterproof, protecting the surface from the termite attacks and increase the surface durability, in addition to aesthetic appeal of the building. The construction industry is at growing stage in many countries, such as India, China, Malaysia and ASEAN countries, among others, owing to the increasing population and infrastructure demand. Asia-Pacific is expected to reinforce its position as the world's largest construction market over the coming decade. The construction industry is dominated by the state-owned and private enterprises.

In addition, an increased government and private spending on construction is pushing the Asia-Pacific paints and coatings industry to the peak in the world. With the consistent economic growth in the Asia-Pacific countries, the demand for infrastructure is growing at a significant rate. The infrastructure sector includes roads, bridges, power, dams and new buildings (both commercial and residential), which in turn, is increasing the demand for paints and coatings in the region.

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Asia-Pacific Dominates the Market
Asia-Pacific has the highest share in the market, accounting for nearly 38% of the global market share in 2017. The market for Asia-Pacific is driven majorly because of the growing construction industry in the region. The industry is expected to benefit from the increasing demand, triggered by a rebound in the residential construction and infrastructure projects. Moreover, in the past few years, countries, such as Indonesia, China, Malaysia, Singapore and South Korea, owing to their business potential, have become the major hosts of numerous national and international events. This, in turn, has increased the demand for hotels, shopping malls, high-rise buildings, arenas and stadiums, boosting the construction industry in the region. Thus, construction activity has steadily increased in the region.

China is the Largest Consumer
The accelerating demand for eco-friendly coatings and the increasing demand from the automotive sector are the major drivers for the paints and coatings market in China. A significant slump in the demand for marine coatings has limited the market’s growth in the country. Factors such as growing usage of UV coatings and increasing applications of powder coatings are expected to offer numerous opportunities for the Chinese market. Paints and coatings market is expected to increase in healthy rate mainly because of the advancement in end user industry like construction, availability of abundant raw material and government initiatives encouraging green construction methods. The abundant availability of raw materials and low cost of production is estimated to boost the demand in the paints and coatings market in the country.

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Key Developments in the Market
• May 2017: Sherwin-Williams receives regulatory approval to complete its acquisition of Valspar

Major Key Players are PPG, AKZONOBEL, SHERWIN WILLIAMS-VALSPAR, RPM, NIPPON PAINT, AXALTA, BASF, and KANSAI and Other Players Include HENKEL AG & CO. KGAA, SIKA AG, 3M, ASIAN PAINTS LTD., H.B. FULLER, JOTUN PAINTS, MASCO, HEMPEL, CHUGOKU MARINE PAINTS LIMITED, TIKKURILA OYJ, BECKERS GROUP, BERGER PAINTS INDIA LTD., GUANGDONG CARPOLY CHEMICAL GROUP CO., LTD., DAW SE, MATERIS PAINTS (CROMOLOGY), SHAWCOR, SK KAKEN CO., LTD., DULUX GROUP LIMITED, KCC CORP, DAI NIPPON TORYO COMPANY, LIMITED, BENJAMIN MOORE & CO. INC., FUJIKURA KASAI, SHANGHAI COATINGS CO., LTD., NATIONAL PAINTS and PINTUCO.

Reasons to Purchase this Report
• Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
• Various market perspectives, with the help of Porter’s five forces analysis
• Regions or countries that are expected to witness the fastest growth during the forecast period
• Product segment, which is going to dominate the market over the forecast period, Continued…

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Companies Mentioned:
• PPG Industries,
• AKZONOBEL,
• SHERWIN WILLIAMS-VALSPAR,
• RPM,
• NIPPON PAINT,
• AXALTA,
• BASF,
• and KANSAI

Other Players Include:
HENKEL AG & CO. KGAA, SIKA AG, 3M, ASIAN PAINTS LTD., H.B. FULLER, JOTUN PAINTS, MASCO, HEMPEL, CHUGOKU MARINE PAINTS LIMITED, TIKKURILA OYJ, BECKERS GROUP, BERGER PAINTS INDIA LTD., GUANGDONG CARPOLY CHEMICAL GROUP CO., LTD., DAW SE, MATERIS PAINTS (CROMOLOGY), SHAWCOR, SK KAKEN CO., LTD., DULUX GROUP LIMITED, KCC CORP, DAI NIPPON TORYO COMPANY, LIMITED, BENJAMIN MOORE & CO. INC., FUJIKURA KASAI, SHANGHAI COATINGS CO., LTD., NATIONAL PAINTS and PINTUCO.

Table of Content:
1. Introduction
1.1 Scope of the Report
1.2 Research Methodology

2. Executive Summary

3. Market Insights
3.1 Raw Material Analysis
3.2 Industry Value-Chain Analysis
3.3 Industry Attractiveness – Porter’s Five Forces Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants, Continued…

4. Market Dynamics
4.1 Drivers
4.1.1 Growing Demand from the Construction Industry in Asia-Pacific Region
4.1.2 Accelerating Demand for Eco-Friendly Coatings
4.1.3 Growing Demand from the Automotive Industry in Europe and China
4.2 Restraints
4.2.1 Stringent Environmental Regulations and Standards
4.3 Opportunity, Continued…

5. Market Segmentation and Analysis
5.1 By Application
5.1.1 Architectural and Decorative Applications
5.1.2 Non-Architectural
5.1.2.1 Automotive
5.1.2.2 Wood
5.1.2.3 General Industrial
5.1.2.4 Marine
5.1.2.5 Protective
5.1.2.6 Others, Continued…

6. Regional Market Analysis
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Australia & New Zealand
6.1.7 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America, Continued…

7. Future of the Market

8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis*
8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials*, Products & Services, Recent Developments, and Analyst View)
9.1 AKZONOBEL
9.2 PPG INDUSTRIES, INC
9.3 HENKEL AG & CO. KGAA
9.4 THE SHERWIN-WILLIAMS COMPANY
9.5 AXALTA COATING SYSTEMS LTD, LLC, Continued…

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