The Global Paints and Coatings Market is estimated to reach USD 249.6 Billion in 2024 at a CAGR of 4.4%. The paints and coating market is experiencing robust growth owing to the rising construction activities and increasing production and sales of the automotive vehicles. With the growing global economy, higher spending is allocated for the construction of the residential and non-residential infrastructure, which is further pushing the market growth uphill. However, fluctuating oil and other raw material prices is likely to hinder the growth of this market.
Paints and coatings are the composition obtained from the synthetic or natural source, which aims to impart color and/or protection to the surface applied. In addition to this, it is used to improve aesthetics and to decorate the surface. These are widely demanded in the range of industries including packaging, automotive, construction, marine, and manufacturing.
Some key players of the market BASF SE, Akzo Nobel, Nippon Paint, Sherwin Williams Valspar, PPG Industries, RPM Inc., Axalta Coating Systems, SACAL Paints, Kansai Paint Co., Ltd. and Diamond Vogel Paints among others.
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Paints and Coatings Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global paints and coatings market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks.
- On the basis of source, the market is segmented into ores and clays, crude oil, and seeds, and beans.
- By resin, the paints and coatings market is segmented into acrylic, polyurethane, epoxy, polyesters, and others.
- By technology, the market is segmented into water-based, solvent-based, powder coating, and UV cured coating.
- By application, the market is further classified into architectural coatings, automotive OEM coatings, automotive refinish coatings, traffic marking paint, marine paint, packaging coatings, and others.
- The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, and the Middle East and Africa, with individual country-level analysis.
List of the leading companies operating in the Paints and Coatings market include:
- BASF (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Akzo Nobel
- Nippon Paint
- Sherwin Williams Valspar
- PPG Industries
- RPM Inc.
- Axalta Coating Systems
- SACAL Paints
- Kansai Paint Co., Ltd.
- Diamond Vogel Paints
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Paints and Coatings Market: Report Scope
The report on this market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Paints and Coatings Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Paints and Coatings Market, by Source
- Ores and Clays
- Crude Oil
- Seeds and Beans
Paints and Coatings Market, by Resin
Paints and Coatings Market, by Technology
- Powder coating
- UV cured coating
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Paints and Coatings Market, by Application
- Architectural and Decorative Coatings
- Automotive OEM Coatings
- Automotive Refinish Coatings
- Packaging Coatings
- Traffic Marking Paints
- Marine Paints
- Others (Wood Coatings)
Paints and Coatings Market by Region
- Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
- North America (US, Canada, Mexico)
- Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
- Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
- South America (Brazil, Argentina, Rest of South America)
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
- What are the evolving types of the global market?
- What are the evolving applications of global market?
- What are the major characteristics that will affect the global market growth during the study period?
- Who are the key players operating in the global market?
- How are the major players leveraging in the existing market conditions?
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