The global demand for Paint & Coating Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Paint and coatings are glossy and decorative finishes applied on the substrate or surface to enhance the aesthetic appeal. It functions to inhibit corrosion and abrasion and enhance the durability of the product surface, look nicer, look more vibrant, appear cleaner, or seem newer. Paints are made from pigment, resin, solvent, additive and curing agent. Paints are either solvent-based or water-based. Paints are applied by a variety of method and techniques with the help of spray gun, roller, or brush.
The market growth is closely linked with business and industrial development.The large scale contribution is represented by the automobile and construction industry. Apart from booming automotive and construction industry, the emergence of millennials, growing spending power provided momentum to the growth. The Asia Pacific is predicted to grow at the fastest rate during the forecast period. Asia Pacific is booming in the field of infrastructure and industrial development. Rapid industrialization and improvements in the infrastructure such as transport, energy and communication is providingaccelarationregional growth. However, stringent regulation on VOC is foreseen to hamper the market growth during the timespan. The market landscape is highly competitive and challenging. There have been a number of merger and acquisition mostly from European and North Americas companies.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Paint & Coating.
The entire Paint & Coating market has been sub-categorized into product, resin and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Water Based
- Solvent Based
- Powder Based
- Automotive OEM
- Auto Refinish
This section covers regional segmentation which accentuates on current and future demand for Paint & Coating market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Paint & Coating Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Paint & Coating market include PPG Industries, AkzoNobel N.V., Nippon Paint Holdings Co. Ltd., BASF S.E., Kansai Paint Co. Ltd., Asian Paints Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.