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Paints And Coatings Market Is To Witness A Substantial Growth Due To The High-End Demand 2014 - 2025.

The paints and coatings industry is driven by factors such as the rise in the use of paint and coating in automotive, construction, and marine industries. In addition, the rise in innovation in manufacturing processes and derivation of formulation technologies propel market growth. The market witnesses remarkable trends such as the inception of nanotechnology in the paints and coating industry. However, an increase in the use of substitutes, wallpapers, and significant costs associated with paint-related activities is likely to hamper market growth shortly.

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Asia-Pacific’s paint and coating industry is anticipated to rise at a staggering CAGR in the forecast period due to the increase in demand for paint and coating products coupled with the vast presence of paint manufacturers in these regions. In addition, a rise in commercial construction and related activities is likely to trigger the APAC market growth.

North American and European markets are expected to gain a significant CAGR in the forecast period due to stringent environmental norms and precautions against hazardous chemicals. The Middle East and African regions are likely to gain a positive traction in the forecast period due to the rise in imex business. Besides, flexible pricing coupled with ease of availability is also expected to stimulate market growth shortly. The key players in the paint & coating market include PPG Industries, AkzoNobel, Sherwin-Williams Company, Axalta Coating System, Valspar Corporation, Nippon Paint Holdings, Jotun Group, and RPM International Inc.

Market Segmentation

Paints & Coatings Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • High solids/radiation curing

    • Powder coatings

    • Waterborne coatings

    • Solvent-borne coatings

    • Others

Paints & Coatings Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Acrylic

    • Alkyd

    • Polyurethane

    • Epoxy

    • Polyesters

    • Others

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