Paints and Coatings Market Overview:
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 are 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 2018 to 2021.
Paints and Coatings Market Key Players:
The global paints & coatings market is highly influenced by various expansion and retainment strategies applied by multiple market giants. Some of these noteworthy players are profiled in the report, including;
- 3M,
- Jotun Group,
- The Sherwin-Williams Company,
- TIGER Coatings GmbH & Co. KG,
- Vitracoat America,
- Dai Nippon Toryo Co., Ltd,
- Kansai Nerolac Paints Limited,
- Diamond Vogel,
- Hentzen Coatings, Inc.,
- Berger Paints India Limited,
- National Paints Factories,
- Axalta Coating Systems Ltd,
- Guangzhou Kinte Paints & coatings,
- AkzoNobel N.V.,
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Paints and Coatings Market Regional Analysis
Market Research Future has segmented the global paints & coatings market into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. Among these segments, the APAC region held the largest share in the global paints & coatings market at the beginning of the forecast period. Asia Pacific is projected to offer sizeable growth potential to international as well as regional market players.
Asia Pacific is expected to surge at an impressive CAGR of 5.41% during the assessment period of 2018-2023. Within the APAC, China was the largest contributor to the ascension of the regional paints & coatings market by 2023. This can be owed to the burgeoning architectural industries in China, along with the residential and commercial segment in the region.
Paints and Coatings Market Segmentation
The global paints & coatings market is studied for various segments by MRFR. This segmentation has been carried out based on application, resins, technologies, and region. Based on resins, the market is segmented into polyester, epoxy, acrylic, alkyd, and polyurethane. Based on technologies, the segments are powder, water, high solids, and solvents.
Based on application, the global paints & coatings market is segmented into industrial, automotive, architectural, and wood. The architectural segment was valued at USD 78001.9 million at the beginning of the review period and held a 55.1% share in the global paints & coatings market. Owing to the increasing use of paints and coatings in residential construction, the architectural segment is likely to retain its domination over the market through the assessment period. The industrial segment is expected to upscale at a 4.72% CAGR by 2023.
Paints & Coatings Market Table of Content:
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
Paints & Coatings Market Table of Content to be Continue…….,
Paints & Coatings Market List of Table:
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Paints and Coatings Market, By Resin Type, 2015-2023 (USD Million)
Table 4 Global Paints and Coatings Market, By Resin Type, 2015-2023 (KILO TONS)
Table 5 Global Acrylic Paints and Coatings Market, 2015-2023 (USD Million)
Paints & Coatings Market List of Table to be Continue…….,
Complete table of content is available at @ https://www.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.
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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.
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