The Business Research Company’s Paints And Coatings Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
The global paints and coatings market expected to reach a value of nearly $314.54 billion by 2022, significantly growing at a CAGR of 8.9% during the forecast period. The growth in the paints and coatings manufacturing market is due to increase in increasing infrastructure and rising investments in the construction industry.
paints and coatings manufacturing market consist of the sales of paints and coating by entities (organizations, sole traders or partnerships) that mix pigments, solvents, and binders into paints and other coatings, such as stains, varnishes, lacquers, enamels, shellacs, and water-repellent coatings for concrete and masonry, and/or produce allied paint products, such as putties, paint and varnish removers, paint brush cleaners, and frit.
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Smart coatings and high-performance coating technologies are being adopted by companies to enhance efficiencies of coating compounds. Nano coating is a type of smart coating which has extremely tiny particles and unique characteristics such as flexibility, resistance to corrosion and micro bacterial growth.
The paints and coatings market is segmented into
- Water Borne Coatings
- Solvent Based Coatings
- Powder Coatings
- Others – Paints And Coatings
The present study exhibits the trends and market dynamics of the paints and coatings market in major countries – USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world. The report also includes the study of the current issues with consumers and various future opportunities for the market.
Some of the major key players involved in the paints and coatings market are PPG Industries Inc, The Sherwin-Williams Company, AkzoNobel N.V, Dow Chemical, RPM International Inc.
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