Market Synopsis of Paints and coatings Market
Advancements in the end user industries and rapid infrastructure developments are the major factors driving the growth in the global paints and coatings market. The global paints and coatings market is expected to grow at a CAGR over 3.0% in terms of revenue and over 4.5% in terms of volume over the period of 2016 to 2021.
– Globally, the Asia- pacific region dominated the market for paints and coatings followed by Europe.
– Rapid infrastructure developments in the prime markets of Asia-pacific such as India, China, and Indonesia are expected to drive the Asia-Pacific region to grow at the highest CAGR over the forecast period.
– Industrial paints and coatings segment is expected to grow at a highest CAGR over % in terms of revenue and over 5.5% in terms of volume.
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Some of the major players in Global Paints and coatings Market include
- AkzoNobel N.V,
- PPG Industries Inc.,
- Sherwin-Williams Company,
- RPM International Inc.,
- Valspar Corporation,
- Kansai Paint Co. Ltd,
- Axalta Coating Systems Ltd,
- Henkel AG & Co.,
- BASF SE,
- Asian Paints Limited.
Global Paints and coatings Market can be segmented as follows:
Segmentation by product Type: water based and solvent based, powdered and UV.
Segmentation by Applications type: architectural, industrial and marin.
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The report for Paints and coatings Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes historic and projected market size in terms of value and volume, technological advancements, macro economical and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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