Paints & Coatings Market 2017 Analysis, Opportunities and Growth, Forecast to 2023

Paints & Coatings Market:

Paints & Coatings are used to provide glossy and decorative finish to the product. These coatings are either composed of organic or non-organic resins. They offer excellent adhesion with high corrosion and abrasion resistance. These coatings are applied to increase the durability and performance of the product. Owing to these factors, they are used in various applications such as architectural, automotive, wood, industrial, and others.

As per our Analysis, the Global Paints & Coatings Market is bifurcated into resin, technology, and application. The market by resin type is further divided into epoxy, silicone, polyester, acrylic, alkyd, and others. Among these, the acrylic resin segment holds the major portion of the market on account of its growing use in various application industries such as automotive, aerospace, marine, and others. The epoxy resin segment is vastly used in food & beverages, construction and buildings, automotive, and chemical industries because they offer quick drying, toughness, and protective coating for metals and other materials. Therefore, the extensive consumption of this resin is estimated to drive the market in the coming years. The water, solvent, high solids and powder segments are classified on the basis of technology in the market. Among these, the water segment is predicted to witness a rapid growth in the market due to its easy and convenient use.

Sample Pages of this report@ https://www.marketresearchfuture.com/sample_request/854

Market Trend Study:

Data integration and capabilities are analyzed to support the findings and study the predicted geographical segmentations. Various key variables and regression models were considered to calculate the trajectory of Paints & Coatings market. Detailed analysis is explained and given importance to with best working models.

Geographically, the segmentation is done into several key regions like North America, Middle East & Africa, Asia Pacific, Europe and Latin America. The production, consumption, revenue, shares in mill UDS, growth rate of Paints & Coatings market during the forecast period of 2017 to 2023 is well explained.

The ongoing market trends of Paints & Coatings market and the key factors impacting the growth prospects are elucidated. With increase in the trend, the factors affecting the trend are mentioned with perfect reasons. Top manufactures, price, revenue, market share are explained to give a depth of idea on the competitive side.

Segmental Analysis:

The Global Paints & Coatings Market is segmented into resin type, technology and application. On the basis of resin type, the market is further categorized into acrylic, alkyd, epoxy, polyurethane, polyester, and others. Among these, the acrylic resin segment holds a majority of the market share due to its extraordinary features offered by the product such as biocompatible, antioxidant, and corrosion resistance. The epoxy resin segment is projected to witness a rapid growth due to its growing consumption in heavy end industries. The market by technology is further categorized into water, solvent and powder segments.

Among these, the powder segment is accounted for major share in the market due to its growing use as a biocompatible and feasible product. The strict government regulations implemented by the regional governments has prompted manufacturers and investors to shift their focus from solvent coatings to powder based products. The water segment is estimated to witness a rapid growth in the market due to its non-toxic and soluble nature. Architectural, automotive, wood, industrial and others are segregated on the basis of application segment. Additionally, it is predicted that the automotive segment is set to witness a higher CAGR during the forecast period.

Key Players:

AkzoNobel N.V. (the Netherlands),
The Sherwin-Williams Company (U.S.),
Axalta Coating Systems (U.S.),
PPG Industries Inc. (U.S.),
RPM International Inc.(U.S.),
Nippon Paint Holdings Co., Ltd (Japan),
The Valspar Corporation(U.S.),
KANSAI PAINT CO.,LTD( Japan),
BASF Coatings ( Germany),
Asian Paints (India).

Browser Page Copy@ https://www.marketresearchfuture.com/reports/global-paints-and-coatings-market-854

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.