The Paints & Coatings Market size and analysis maintains enhanced momentum and is overshadowed by a top key player around the world. The research report provides Paints & Coatings market growth and information according to market segments such as geographies, product type, application, and consumer industry. Experts use the latest research methodology and tools for the Market to compile comprehensive and accurate market research reports. Detailed overviews of Paints & Coatings market size and share have been combined in this report which gives a comprehensive analysis of the various verticals of businesses.
The study also provides with an extensive evaluation of market procurements, contributions, unifications, collaboration, and new product launches during the forecast period. The research includes a detailed evaluation of meticulous customers, power consumption, and production capacity, utilization volume to benefit business owners. Additionally, the Retailing industry report encompasses important data on distribution channels, supply chain management across various geographic through tables, charts, and infographics.
global paints & coatings market is expected to proliferate with a CAGR of 5.34% in terms of revenue and a CAGR of 4.30% in terms of volume in the forecast duration from 2019 to 2027.
Paints and coatings are chemicals that protect products from damage and enhance the life span of those products. They also provide better texture and look to the products, apart from enhancing their shelf-life. The paints & coatings industry comprises manufacturers of paints, varnishes, lacquers, shellacs and stains. Paints and coatings are chemically formulated products, consisting of a base material known as binder, and fillers. Binder is the film-forming ingredient that majorly decides the performance characteristics of the paints and coating. Earlier binders were made of natural ingredients. However, in present times, binders are being manufactured from synthetic polymers such as polyester, alkyds, epoxies, vinyl and urethanes. The binder is mixed with fillers or additives to enhance the product performance characteristics, pigments to impart color and solvents to control viscosity.
The evolving automotive industry, proliferating infrastructure projects in the APAC region, increase in demand from the marine & aerospace industries along with the rising importance of paints & coatings with functional benefits are the key factors driving the paints & coatings market. However, factors like the implementation of stringent regulations for reducing VOC emissions and the high costs associated with paints & coatings are restraining the growth of this market.
Factors such as the increasing demand from developing economies, emergence of nano and fluoropolymers and shift towards the adoption of sustainable products can be leveraged by the market to get towards the projected growth. However, the negative impact on the environment is one of the major challenges obstructing the growth of this market.
The paints & coatings market covers major geographical regions such as North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. Asia Pacific is the leader in the global paints & coatings market, with the largest revenue share and CAGR. Two major drivers that enabled the Asia-Pacific region to become a global leader are the booming construction industry, urbanization and the presence of emerging economies. The growth of the APAC market is driven by the presence of emerging economies like India, China, South Korea, Malaysia, and Singapore.
Companies contending in the paints & coatings market are Valspar Corporation, Kansai Paint Co., Ltd., Nippon Paint Holdings Co., Ltd., Jotun A/S, BASF Coatings, RPM International, Inc., The Sherwin-Williams, Kelly-Moore Paints, Axalta Coating System LLC, Berger Paints India Limited, Akzonobel N.V., Beckers Group, Indigo Paints Pvt. Ltd., Asian Paints Limited and PPG Industries.
Valspar is a US-based company, that engages in the development, manufacturing and distribution of paints, coatings, and related products across the world. The product portfolio of the company boasts products such as wood paints & coatings (sells its products under the brand name Cabot Stains, Guardsman, Valspar Wood), industrial paints & coatings (includes coil paints and coatings, extrusion paints and coatings, general industrial paints & coatings), automotive paints & coatings (includes PlastiKote, DeBeer Refinish, House of Kolor, Prospray, Valspar Refinish, Matrix), Kustom Finishes (includes House of Kolor), high performance architectural paints & coatings (includes Acrodize, Acroflur, Alamo White, ApGard, Cool Paints and coatings, Dynakote II, Flurocrul, Fluropon Coil Family, Fluropon Extrusion Family, Flurospar Family, High Reflectance White, HVAC Coating, Polykote Family, Polylure Family, Super Dynapon, Ultra-Flexar, Valflon, Valshield, WeatherXL Family) and European industrial paints & coatings (includes Inver).
Why should you buy this report?
- The industry research report examines the complete market sector, covering differentiated market products, market conditions, and circumstances, significant market trends, and difficulties faced by the existing manufacturers.
- The quantitative analysis in the research paper delves into various regulatory norms imposed on the worldwide market sector.
- Porter’s Five Forces analysis and SWOT assessment are well employed as part of the complete research methodology.
- The research report also includes a thorough evaluation of the marketplace industry’s types, items, procedures, end-users, categories, geographies, and efficient marketing practices.
Business practices, market research analysis, prospect analysis, research methodologies, and many other subjects are well covered in the study. It also examines the client representative tactics in various parts of the world, having detailed facts on how the new businesses in the industry have made accomplishments in this market. Furthermore, the research has broadened and updated the business development approaches by analyzing multiple growth prospects in the current and the emerging upcoming products.
Key questions addressed in the report: –
- What proportion of the industry’s regional and international markets is broadening?
- What are the most efficient and effective methods for increasing the worldwide market industry?
- What are the sizes, profits, and income reports of the world’s top leading firms?
- Over the forecast period, which market goods, development areas, and places should the users pay close attention to?
TABLE OF CONTENTS
- GLOBAL MARKET – SUMMARY
- INDUSTRY OUTLOOK
- MARKET DEFINITION
- KEY INSIGHTS
- EVOLUTION & TRANSITION OF
- PORTER’S FIVE FORCE ANALYSIS
- MARKET ATTRACTIVENESS MATRIX
- REGULATORY FRAMEWORK
- VENDOR SCORECARD
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- MARKET CHALLENGES
- INDUSTRY OUTLOOK – BY PRODUCTS
- INDUSTRY OUTLOOK -BY APPLICATION
- INDUSTRY – REGIONAL OUTLOOK
- COMPETITIVE LANDSCAPE
- METHODOLOGY & SCOPE
- RESEARCH SCOPE
- SOURCES OF DATA
- RESEARCH METHODOLOGY
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