Paints and Coatings Market Overview:
A thick layer which are applied to add attractive appearance to the product is called paints & coatings. It has various significant properties such as excellent UV resistance, anti-oxidative property, and reduced thermal fatigue. It is used to provide flexibility, comfort, and aesthetic value to the product.
The Global Paints & Coatings Market has been driven by its growing consumption in various sectors such as architectural, automotive, wood, and others. Moreover, it is estimated that the automotive segment is set to witness the highest growth in the market due to rising substitution of heavy metals by lightweight materials.
Paints and Coatings Market Key Players:
Some of the major players functioning in the Global Paints & Coatings Market are AkzoNobel N.V. (the Netherlands), The Sherwin-Williams Company (U.S.), Axalta Coating Systems (U.S.), PPG Industries Inc. (U.S.), RPM International Inc.(U.S.), Nippon Paint Holdings Co., Ltd (Japan), The Valspar Corporation(U.S.), KANSAI PAINT CO.,LTD( Japan), BASF Coatings ( Germany), Asian Paints (India), among others.
Free Sample Report @ https://www.marketresearchfuture.com/sample_request/952
Paints and Coatings Market Segmentation:
By product type, the market for paints and coatings has been segmented into water based and solvent based, powdered and UV. The stringent regulations governing the paints and coatings market will push the demand for water based and solvent based products.
By applications type, the market is segmented into architectural, industrial and marine. The architectural segment is set to witness amplified demand due to the growth of the residential sector. The growth demonstrated by the industrial segment can be ascribed to the rapid developments in industrialization.
Paints and Coatings Market Regional Analysis:
By region, the market has been segmented into North America, Europe, Asia Pacific, and, Rest of the World (RoW). The Asia Pacific market will captivate notable share in market control and will retain its dominance over the projection period. The key factor contributing towards the expansion of the market in this region is a boom in the residential sector. The expenditure in the residential sector rose at a steep rate of 10.5% in India, outshining China which demonstrated a rise in the price at a rate of 9.6% from 2018 to 2019.
The major contributions will be accounted by countries such as India, China, Vietnam, Indonesia, etc. that would generate most of its profits from the automobile industry. The prominent players of the automobile industry are shifting their manufacturing bases to the Asia Pacific due to cheap labor, lower cost of raw materials, etc. which will open avenues for accelerated demand for paints and coatings.
Paints and Coatings Market List of Table to be Continue…….,
Full research Report @ https://marketresearchfuture.com/reports/global-paints-coatings-market-952
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
+1 646 845 9312
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar