Paints and Coatings - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Paints and Coatings Market is accounted for $146.25 billion in 2017 and is expected to reach $272.35 billion by 2026 growing at a CAGR of 7.2% from 2017 to 2026. Rising demand for the rapid pace of industrial development, green environmental regulations, growing number of end-use industries and increasing interest of the global population in architecture are driving the global market. However, factors such as stringent and regulatory policies and environmental challenges are restraining the market growth.
Paints & coatings are composed of either organic or inorganic resins and are the inseparable when it comes to industrial sectors. They are used to impart a glossy and decorative finish to the surface of a product such as metal component, equipment, walls, and others. These coatings are applied on the surface to enhance the durability as well as the performance of the products. They offer excellent adhesion, high corrosion & abrasion resistant, which made them favorable in large application spectrum. Paints & coatings market plays an important role in the chemical industry and represents massive numbers in terms of global production and consumption.
Amongst Resins, Acrylic segment held considerable market share and is expected to grow substantially over the forecast period owing to its excellent stabilization and weathering properties. Acrylic resins are extensively used in water reducible and emulsion resins for manufacturing of coats and varnishes. Its features include weather/UV resistance, optical clarity and excellent dimensional stability. The thermoplastic nature of acrylic is an advantage over epoxy and polyester.
By geography, Asia-Pacific is the largest market for the global market during the forecast period. There is an increase in demand from construction in Asia-Pacific, which is mostly backed by the expansion of the region’s increasing household activities. This increased demand, in turn, drives the market in Asia-Pacific. Presence of some of the fastest-growing economies, such as South Korea, China and India, and increasing demand from construction and automotive industries play a crucial role in driving the market in the this region.
Some of the key players in Paints and Coatings market include Akzonobel N.V., Asian Paints Limited, Axalta Coating System LLC, BASF Coatings GmbH, Beckers Group, Berger Paints India Limited, Diamond Vogel Paints, Dunn-Edwards Corporation, Hempel A/S, Indigo Paints Pvt Ltd, Jotun A/S, Kansai Paints Co., Ltd., Kelly-Moore Paints, Masco Corporation, Nippon Paint Holdings Co., Ltd., PPG Industries, RPM International Inc, S K Kaken Co., Ltd, Sacal International Group Ltd. and Shalimar Paints.
• High-Solids Paints
• Speciality Coatings
• Solvent-borne Coatings
• Waterborne Paints
• Powder Coatings
• Pure Acrylics
• Vinyl Acrylate
• Styrene Acrylics
• Other Resins
• One Component
• Two Component
• Wood Coatings
• Electrical & Electronics
• Paper & Paperboard
• Decorative Paints
• Other Applications
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
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- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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