Global $225 Bn Paints & Coatings Market, 2025
DUBLIN, October 3, 2017 /PRNewswire/ --
The "Global Paints & Coatings Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 - 2025" report has been added to Research and Markets' offering.
The paints & coatings market was valued is expected to reach over US$ 225.9 Bn by 2025, expanding at a CAGR of more than 5.0% from 2017 - 2025.
Rising population in emerging economies such as Asia Pacific has boosted the growth of construction industry. China and India are the major countries boosting market demand for residential projects which is driving the market for paints & coatings in the region. Asia Pacific is the largest and fastest growing market for paints & coatings worldwide. The increasing demand for paints & coatings in the construction industry is the major factor driving the growth of global paints & coatings market.
Hence, high demand from the construction industry is expected to boost market growth of global paints & coatings market. Paints & coatings are segmented into premium, medium and economy coatings depending on the quality and price of the product. Premium coatings are expected to experience high growth due to its beneficial properties as compared to other coatings in the market.
Architectural coatings accounted for larger share of global paints & coatings market. The growing demand for residential and commercial projects in emerging economies such as Asia Pacific and Rest of the World has led to high demand for paints & coatings in the market. Architectural coatings are expected to gain high demand among other coatings in the market. Industrial coatings followed architectural coatings in terms of demand and the market is expected to grow in the near future. High demand from industrial sector for machine manufacturing, automobiles, etc. is anticipated to boost market for paints & coatings.
Other applications such as special purpose coatings are also projected to generate high demand for paints & coatings worldwide. These coatings offer less benefits but are widely used for small scale applications. Hence, paints & coatings market is projected to grow in the near future.
Key Trends:
- Architectural coatings in construction industry
- Manufacturing process of automobiles and machinery
- Wide applications in numerous end-user industries
- Opportunities from increasing research activities for green and environment friendly coatings
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Global Paints & Coatings Market Analysis, By Product (Quality and Price)
Chapter 5 Global Paints & Coatings Market Analysis, By End-Users
Chapter 6 SRC View
Chapter 7 RC View
Chapter 8 Company Profiles
- Akzo Nobel NV
- Axalta Coatings System
- BASF SE
- Kansai Paint Co. Ltd.
- Nippon Paint Co. Ltd
- PPG Industries
- RPG International Inc
- The Sherwin-Williams Company
- The Valspar Corporation
For more information about this report visit https://www.researchandmarkets.com/research/37mkpr/global_paints_and
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SOURCE Research and Markets
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