Global Paints and
Coatings Market: Overview
The Global Paints and Coatings Market is expected
to grow at a significant rate, during the forecast period 2019-2025. Paints and
Coatings Paint is a substance that consists of a pigment suspended in a liquid
or paste vehicle such as oil or water to thin coat to various surfaces such as
wood, metal, or stone. Its primary purpose is to protect the surface to which
it is applied, paint also provides decoration. It is used for interior and exterior house painting,
boats, automobiles, planes, appliances, furniture, and many other places where
protection and appeal are desired. Expanding the automotive industry, growing
construction activities, and increasing demand from the oil and gas industry
are vital factors expected to encourage the
growth of the global Paints and Coatings market in the upcoming period.
In addition, rise in urbanization and population
globally, changing lifestyle and improving economic conditions have increased expenditure
on housing and infrastructure development are other factors estimated to
accelerate the growth of the market in the upcoming years. Moreover, increased
the acceptance and adoption of coatings that are highly productive, technically
advanced, sustainable, and emit less volatile organic compound (VOC) will fuel the
growth of the Paints and Coatings market in the forecast period. Further, the
introduction of innovative formulation technologies such as Anticorrosive
protection, low-VOC content coats, and Nanocoatings have significantly
facilitated to cater to numerous new and diverse consumer demands will
contribute to the growth of the Paints and Coatings market in upcoming years.
Additionally, the growth of the middle-class
population in emerging economies and increasing demand for paints &
coatings from various end-use industries like construction, automotive, marine,
protective, aerospace, transportation, rail coatings, wood coatings, packaging,
and general industrial will foster the global Paints and Coatings market.
Furthermore, increasing purchasing power, growing industry, and housing sector,
qualified and young work power and R&D capabilities is anticipated to
escalate the global anti-collision market in the future timeline.
Paints and Coatings Market
On the basis of Resin, the Paints and Coatings market
has been segmented into Acrylic, Polyurethanes, Polyesters, Epoxy and Alkyd.
Acrylic segment dominates the global Paints and Coatings Market
owing to its applications in the solvent-borne and water-borne formulation
which are consumed in architectural coatings, industrial coatings, and
protective coatings. Polyurethane is the fastest growing resin segment owing to
its excellent properties of long-term resistance to corrosion and retaining
Paints and Coatings
Market Technology Analysis
On the basis of Technology, the Paints and
Coatings market has been categorized into Water-based, Solvent-based, High
Solid, Powder, and Others. Water-based coating will lead the market due to its
features like their low VOC (less than 3.5 pounds per gallon of water) which uses
water as a solvent to disperse resin employed to form coating or paint.
Moreover, growing applications of water-based coating in automotive, interiors
of coal cars, fly ash hoppers, plastic pellet hoppers, and the architectural
sector for its less flammability, and stable viscosity during printing will
fuel the water-based coating. The solvent based coating will drive by manufacturing the
Paints and Coatings Market
On the basis of application, the Paints and
Coatings market has been segmented into Automotive and Transportation,
Aerospace, Building and Construction, Packaging, Health Care and Medical
Devices, Marine, Electrical and Electronics. By applications, Building and
Construction will lead the segment due to the increase in construction and
infrastructure development activities and rise in consumption of paints and
coatings for decorative purposes. Automotive
and Transportation will propel by its applications to enhance the quality,
appearance, heat resistance, and durability of all exterior and interior
The regional analysis of
Paints and Coatings Market
On the basis of region, the Paints and Coatings Market
has been segmented into North America, Europe, Asia Pacific, Middle East &
Africa, and Latin America. The Asia-Pacific dominates the global Paints and
Coatings market over the forecast period due to the presence of a large number
of producers in China and improving economic conditions in the region. North
America region will upsurge by the implementation of stringent regulations on
VOC emissions and the presence of perilous chemicals among the consumers.
The objective of the
To analyze and forecast the market size of the
global Paints and Coatings Market, in terms of value.
To examine the careful market segmentation and
forecast the market size, in terms value, on the basis of the region by
segmenting Paints and Coatings market into five regions, namely, North America,
Europe, Asia Pacific, Middle East, and their leading countries.
To outline, categorized and forecast the global
Paints and Coatings market on the basis of resin, technology, and application.
To examine competitive developments like
technological advancement, services, and regulative framework within the global
Paints and Coatings Market.
To highlight the impact analysis of the factors,
affecting the market dynamics such as drivers, restraints, opportunities, and
To strategically profile the key players and
comprehensively analyze their market shares along with detailing the
competitive landscape for market leaders.
Global Paints and
Coatings Market Competitive Landscape
Companies such as The Sherwin-Williams
Company, BASF SE, Axalta Coating Systems, PPG Industries, Valspar Corporation, RPM
International Inc., Akzo Nobel N.V, Nippon Paint Holdings, KCC Corporation,, Asian
Paints , Kansai Paints , Hempel A/S and Jotun A/S are the key players in the
global Paints and Coatings market.
Key Target Audience:
Market research and consulting firms
Global Paints and Coatings Manufacturing firm
Research organizations and consulting companies
Global Paints and Coatings distributors
Organizations, associations, and alliances
related to Paints and Coatings
Scope of the Report
Automotive and Transportation
Building and Construction
Health Care and Medical Devices
Electrical and Electronics
In addition, the report provides an
analysis of the Paints and coatings market with respect to the following
Rest of Europe
Asia Pacific (APAC)
Rest of Asia Pacific
Rest of Latin America
Rest of Middle-East
Business Questions answer by the report
How will the market drivers, restraints and
opportunities affect the market dynamics?
What will be the market size in terms of value
and volume and market statistics with detailed classification
Which segment dominates the market or region and
one will be the fastest growing and why?
A comprehensive survey of the competitive
landscape and the market participant players
Analysis of strategy adopted by the key player
and their impact on other players.
Customization Scope for the Client
satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The
following customization options are available for the report:
With five additional company detail analysis.
Additional country analysis.
Detailed segment analysis.