Paints & Coatings Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies –Forecasts To 2022
Paints & coatings market to reach $209.36 billion by 2022, at a CAGR of 5.45% between 2017-2022. The industrial paints & coatings segment is projected to grow at the highest CAGR and Asia-Pacific was the largest paints & coatings market in 2016.
Pune, India – May 26, 2017 /MarketersMedia/ —
“The paints & coatings market is projected to grow at a CAGR of 5.45% during the forecast period”
The paints & coatings market is projected to reach USD 209.36 billion by 2022, at a CAGR of 5.45% between 2017 and 2022. The market growth in recent years can be attributed to the increased demand for paints & coatings in the Asia-Pacific region. The paints & coatings market is largely driven by the rising demand from construction industry. Economic and demographic growth, increasing residential building activities, growing urbanization, and increasing expenditure on housing construction are the important drivers for the global paints & coatings market.
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Key Target Audience:
• Manufacturers of Paints & Coatings
• Raw Material Suppliers
• Manufacturers of Resins and Other Feedstock Chemicals
• Manufacturers of Important Intermediate Chemicals
• Government Agencies or Organizations
• Research Institutions and Organizations
• End-use Industries (construction, automotive, wood, coil, marine, rail, aerospace, transportation, and packaging)
• Traders, Distributors, and Suppliers of Paints & Coatings
• Regional Chemical Manufacturers’ Associations
Browse 131 market data tables and 43 figures spread through 175 pages and in-depth TOC on “Paints & Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Water-Based, Solvent-Based, High Solids, Powder), Application (Architectural & Industrial), and Region – Global Forecasts to 2022” Research Report at:
Manufacturers are engaged in business expansion to cater to the increased demand for paints & coatings. However, formulation and implementation of new regulations, such as REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) and various other directives to control solvent emissions are affecting the growth of the paints & coatings market across the globe. The Euro zone crisis of 2012 has also affected the growth of the paints & coatings market globally, as several companies reduced their production as part of their cost-cutting strategy to survive in the market.
“The industrial paints & coatings segment is projected to grow at the highest CAGR between 2017 and 2022.”
By application, the industrial segment is projected to grow at the highest CAGR during the forecast period. Increasing demand for paints and coatings from automotive, marine, aerospace, coil coating, transportation, rail coating, and packaging industries is projected to drive the global paints & coating market during the forecast period.
By technology, the water-based paints & coatings segment accounted for more than 45% share, in terms of volume, of the overall paints & coatings market in 2016. The water-based paints & coatings find applications in automotive, interiors of coal cars, fly ash hoppers, plastic pellet hoppers, and the architectural sector, as they offer advantages such as less flammability, low VOC emissions, and stable viscosity during printing.
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“Asia-Pacific was the largest paints & coatings market in 2016.”
Asia-Pacific was the largest market for paints & coatings, having accounted for the maximum market share, in terms of volume, in 2016. Key countries in the Asia-Pacific market include China, India, Japan, and South Korea. The Asia-Pacific region is a rapidly expanding paints & coatings market, owing to the growing economy and increasing middle-class population. This growth is driving the demand for many building and industrial materials, including paints and coatings.
Breakup of Primary Interviews:
• By Company Type: Tier 1–45%, Tier 2–35%, and Tier 3–20%
• By Designation:C-level–40%, D-level–35%, and Others–5%
• By Region:Asia-Pacific–33%, North America–27%, Europe–23%, South America-10%, and Middle East&Africa-7%
AkzoNobel N.V. (Netherlands), PPG Industries (U.S.), Axalta Coatings Systems (U.S.), BASF Coatings GmbH (Germany), The Sherwin-Williams Company (U.S.), Asian Paints (India), Kansai Paints (Japan), Jotun A/S (Norway), RPM International (U.S.), Hempel A/S (Denmark), and Nippon Paint Holdings Co.,Ltd. (Japan) are among the leading players operating in the paints & coatings market.
Research Coverage :
This report provides a detailed segmentation of the paints & coatings market on the basis of resin type, technology, application, and region. With respect to resin type, the paints & coatings market has been segmented into polyurethanes, acrylic, polyesters, epoxy, alkyd, and others. On the basis of technology, the market has been segmented into water-based technology, solvent-based technology, high solids, powder, and others. On the basis of application, the market has been segmented into architectural and industrial. Based on region, the market has been segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Reasons to Buy the Report :
From an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), market share analysis of top players in the paints & coatings market, and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the paints & coatings market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on paints & coatings offered by the top players in the paints & coatings market
• Product Development/Innovations: Detailed insights on the upcoming technologies, research & development activities, and new product launches in the paints & coatings market
• Market Development: Comprehensive information about lucrative emerging markets –the report analyzes the market for paints & coatings across varied regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the paints & coatings market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the paints & coatings market.
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