According to this report, the global paints and coatings market is estimated to be valued at US$ 247 billion in the year 2028, growing at a CAGR of 6.5% in the period 2021 to 2028. Growth of the market is driven by factors such as growth of construction industry, rise in industrial production and ameliorating economic conditions.
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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.
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.
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, the publisher has segmented the global paints and coatings market on the basis of types, technology and region:
Paints & Coatings Types Outlook
- Architectural/Decorative Coating
- Industrial Coating
- Special-purpose Coating
Paints & Coatings Technology Outlook
- Waterborne Coating
- Powder Coating
- Solvent-based Coatings
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Regional Outlook
- North America
- Europe
- Asia Pacific
Vendors Outlook
- AkzoNobel NV
- PPG Industries Inc.
- The Sherwin-Wiliams Company
- BASF SE
- Nippon Paint Holdings Co.
Target Audience
- Paints & Coatings Manufacturers
- Chemical Suppliers
- End Users – Construction, Industrial, etc.
- Research Professionals
- Investment Banks
- Regulatory Bodies
What is the goal of the report?
- The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
- During the forecast period, the report analyzes the growth rate, market size, and market valuation.
- The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
- The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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