The Paints & Coatings Market will witness a CAGR of 3.4% for the forecast period of 2023-2028 and is likely USD 180 billion in 2022 to reach at USD 227 billion by 2028.
New Research Study ❝ Paints & Coatings Market 2023-2028 Analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, and Investment Opportunities), Size, Share, and Outlook❝. The report evaluates the market size of the Paints & Coatings Market and studies the strategy patterns adopted by the prominent international players. The report also analyses the market’s size in terms of projected revenue for the future. All of the data numbers, such as percentage splits and breakdowns, are calculated from secondary sources and confirmed from original sources. The market’s supply and demand sides are also covered in the research. It provides profiles and analysis of market leaders and other prominent businesses.
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Global Paints & Coatings Market to Be Driven by Rise in Demand for Eco-Friendly Coating Products
The use of low-VOC and environmentally friendly technologies, such as water-based coatings, This, and UV-curable coatings, is becoming more and more popular in the paints and coatings sector. The change is linked to several regions, including North America and Europe, passing strict controls on VOC emissions. In the Asia Pacific region, people are becoming more aware of VOC emissions. During the projection period, it is predicted that this would increase demand for low-VOC water-based coatings. The demand for water-based paints and coatings is increasing as people’s knowledge of how coating products affect the environment and human health, as well as their focus on sustainable alternative technologies.
An increase in construction work and government funding for public infrastructure projects would boost the market.
The increase in urbanisation and population is expected to cause the building and construction sector to expand quickly during the next years. In the upcoming years, urbanisation and shifting lifestyles are anticipated to push the global construction sector. Global spending on housing and infrastructure construction has increased due to population growth and bettering economic circumstances. Infrastructure and structures are frequently decorated and protected with paints and coatings.
Prominent Key players of the Paints & Coatings Market survey report:
Historical data available in the report elaborates on the development of the Paints & Coatings on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are – AkzoNobel N.V. (Netherlands), PPG Industries (US), Sherwin-Williams (US), RPM International (US), and Nippon Paint (Japan) and Other.
Some of the key developments are:
- On May 25, 2022, BASF expanded its Automotive Coatings Application Center at the Coatings Technology Center in Mangalore, India. It is an integral part of BASF’s existing research and development (R&D) facilities for automotive coatings solutions. BASF also operates Automotive Coatings Application Centers in Shanghai, China; Totsuka, Japan; and Bang Pu, Thailand, in Asia Pacific.
- On June 1, 2022, Akzo Nobel reached an agreement with Kansai Paint to acquire its paints & coatings activities
Paints & Coatings Market Segmentation:
Paints & Coatings Market by Technology, 2023-2028, (IN USD Million)
- Solvent borne
Paints & Coatings Market by Resin, 2023-2028, (IN USD Million)
Paints & Coatings Market by Application, 2023-2028, (IN USD Million)
Paints & Coatings Market Regional Insights:
The country section of the report also provides individualistic market impacting factors and changes in regulation within the market internally that impacts the present and future trends of the Paints & Coatings Market. Data points like consumption volumes, price analysis, production sites and volumes, import export analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the preeminent pointers used to forecast the market scenario for individual countries.
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Key market aspects are illuminated in the report:
Executive Summary: It covers a summary of the most vital studies, the Global market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Paints & Coatings Market, the years measured, and the study points.
Company Profile: Each Firm well-defined in this segment is screened based on a product, value, SWOT analysis, their ability and other significant features.
Manufacture by region: This Paints & Coatings report offers data on imports and exports, sales, production and key companies in all studied regional markets
What is the purpose of this report?
- A thorough review of the Paints & Coatings Market, including regional markets.
- Comprehensive coverage of all segments of the Market to assess trends, developments and market size forecasts till 2023-2028.
- A thorough examination of deals involved in the Market including product portfolio, revenue, SWOT analysis and recent company advancements are examined in the company profile.
- The growth matrix analyzes the product categories and geographic regions in which market companies should focus their efforts to invest, consolidate, expand and/or diversify.
There are 13 Sections to show the Paints & Coatings Market:
Chapter 1: Paints & Coatings Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
Chapter 2: Market Competition by Manufacturers
Chapter 3: Production by Regions
Chapter 4: Consumption by Regions
Chapter 5: Production, By Types, Revenue, and Market share by Types
Chapter 6: Consumption, By Applications, Market share (%), and Growth Rate by Applications
Chapter 7: Complete profiling and analysis of Manufacturers
Chapter 8: Manufacturing cost analysis, Raw materials analysis, Region-wise manufacturing expenses
Chapter 9: Industrial Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Paints & Coatings Market Forecast
Chapter 13: Paints & Coatings Research Findings and Conclusion, Appendix, methodology, and data source
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Key questions answered in the report include:
- What will the market size and the growth rate be in 2023-2028?
- What are the key factors driving the Paints & Coatings Market?
- What are the key market trends impacting the growth of the Paints & Coatings Market?
- What are the challenges to market growth?
- Who are the key vendors in the Paints & Coatings Market?
- What are the market opportunities and threats faced by the vendors in the Paints & Coatings Market?
- Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
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