According to a new report by Report Ocean the global paints and coatings market is estimated to be valued at 223 billion in the year 2025, growing at a CAGR of 6.5% in the period 2019 to 2025. Growth of the market is driven by factors such as growth of construction industry, rise in industrial production and ameliorating economic conditions.
Paints and coatings industry is an imperative part of various segments of global economy as it bestows with benefits such as providing protective and enhancing finishes to products in several end-use markets. This makes it an indispensable product which is necessary for protecting and preserving the objects on which it is applied.
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Global paints and coatings industry is increasingly witnessing adoption of new coating technologies such as thermosetting emulsion, colloidal dispersion, water-soluble in waterborne coatings, high-solids coatings, two-component systems, radiation-curable coatings, etc. Some of the new paints and coatings concepts that have entered the market includes Anticorrosive protection, low-VOC content coats and nano coatings.
REPORT SCOPE
This report “Global Paints & Coatings Market (By Types – Architectural/Decorative Coating, Industrial Coating & Special-purpose Coating; By Technology – Waterborne Coating, Powder Coating and Solvent-based Coatings; By Region – North America, Europe & Asia Pacific) Outlook 2025” provides a detailed analysis of the global paints and coatings market from qualitative and quantitative outlooks during the forecast period across various market segments. It also provides coverage on market dynamics with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.
Vendor scope AkzoNobel NV, PPG Industries Inc., The Sherwin-Wiliams Company, BASF SE, Nippon Paint Holdings Co., Ltd.
Report coverage Revenue forecast, market share analysis, company analysis, competitive landscape, market growth drivers, market restraints, market trends and company profiles
SEGMENTS COVERED
The report provides revenue forecasts for global, regional and country levels. It also provides comprehensive coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. For the purpose of research, Report Ocean has segmented global paints and coatings market on the basis of types, technology and region:-
Paints & Coatings Types Outlook, Revenue (2017 – 2025E, Billions)
– Architectural/Decorative Coating
– Industrial Coating
– Special-purpose Coating
Paints & Coatings Technology Outlook, Revenue (2017 – 2025E, Billions)
– Waterborne Coating
– Powder Coating
– Solvent-based Coatings
Regional Outlook, Revenue (2017 – 2025E, Billions)
– North America
– Europe
– Asia Pacific
Country Outlook, Revenue (2017 – 2025E, Billions)
– The US
– India
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What our market report offers
Market Overview:
- Provides a general introduction to the market, including its size, growth rate, and key characteristics.
- This section may also include information on market segmentation, such as by product type, application, or geography.
Industry Trends and Drivers:
- Examines the current trends, developments, and factors driving the growth or decline of the market.
- It may include technological advancements, regulatory changes, consumer preferences, or economic factors that impact the industry.
Market Analysis:
- Offers a detailed analysis of the market’s dynamics, including supply and demand factors, competitive landscape, and market attractiveness.
- This section may include information on market share, market concentration, and competitive strategies of key players.
Market Segmentation:
- Divides the market into distinct segments based on criteria such as product type, application, end-user, or geography.
- This analysis helps identify specific market opportunities and target audiences.
Market Size and Forecast:
- Presents the current market size and estimates future market growth over a specified period.
- -This section may include historical data, market projections, and growth rates for different segments.
Competitive Analysis:
- Assesses the competitive landscape of the market, including the profiles of major players, their market share, and strategies.
- It may also include SWOT analysis (strengths, weaknesses, opportunities, threats) of key competitors.
Market Opportunities and Challenges:
- Identifies potential growth opportunities and challenges in the market. This section may highlight emerging market segments, untapped regions, or technological advancements that can drive market expansion.
- It may also address barriers to entry, regulatory hurdles, or competitive threats.
Consumer Insights:
- Provides an understanding of consumer behavior, preferences, and buying patterns related to the market.
- This section may include survey data, consumer demographics, and customer feedback.
Future Outlook and Recommendations:
- Offers insights into the future prospects of the market and provides recommendations for businesses or stakeholders.
- This section may suggest strategies for market entry, product development, marketing, or investment decisions.
Appendix:
- Includes additional data, charts, tables, or references that support the analysis presented in the report.
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