Global Paints and Coatings Market is Expected to Reach USD 143.9 Billion in 2019: Transparency Market Research

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Apr 18, 2014, 08:30 ET

ALBANY, New York, April 18, 2014 /PRNewswire/ --

According to a new report published by Transparency Market Research "Paints and Coatings Market by Product Segment (High Solids/Radiation Cure, Powder Coatings, Waterborne Coatings, Solvent Borne Technologies and Others) For Automotives & Aviation, Medical & Healthcare, Residential, Commercial and Other End-users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", the global demand for the paints and coatings was valued at USD 100.3 billion in 2012 and is expected to reach USD 143.9 billion in 2019, growing at a CAGR of 5.4% between 2013 and 2019.

Huge building & construction industry coupled with growing manufacturing activities in Asia Pacific has been driving the paints and coatings market. The development of construction industry in the Middle East, North Africa and South America is likely to be one of the key factors driving the demand for paints and coatings over the next few years. However, stringent environmental regulations for paints and coatings industry, especially in Europe are expected to restrain the growth of the market in the upcoming years. Although, increasing demand for green coatings and nanocoatings are expected to open opportunities for the growth of the market over the next few years.

Browse Global Paints and Coatings Market Report with Full TOC at http://www.transparencymarketresearch.com/Paints-coatings-market.html

Waterborne coatings were the most widely consumed paints and coatings and accounted for around 40% of the global demand in 2012. The demand for waterborne coatings was more owing to rise in demand from residential, commercial and automotives & aviation end-users. Solvent borne technologies are likely to lose market share owing to various regulations associated with it regarding VOCs. However, powder coatings are expected to show the fastest growth over the next few years owing to their rising demand from automotive & aviation, electronics, and construction industries.

Residential buildings were the largest end-user for paints and coatings in 2012. The paints and coatings are being widely used in architectural coatings and decorative purposes. Commercial buildings were the second largest end-user for paints and coatings and are likely to show similar growth in the next few years.

Asia Pacific dominated the paints and coatings market in 2012 followed by Europe owing to the growth of automotives & aviation industry. The RoW is expected to witness the highest growth within the forecast period on account of growing automotives & aviation and residential and commercial industries. The demand for paints and coatings in The RoW is expected to grow at a CAGR of 5.8% between 2013 and 2019.

Related & Recently Published Reports by Transparency Market Research 

The report gives a comprehensive view of the paints and coatings market in terms of volume and revenue. In addition, the report includes current demand analysis and forecast for each product and application in North America, Europe, Asia Pacific and Rest of the World. The report comprises of the following segments:

Paints and Coatings Market: Product Segment Analysis 

High solids/radiation cure

Powder coating

Waterborne coating

Solvent-borne technologies

Others (Including specialty coatings, etc.)

Paints and Coatings Market: End-user Analysis 

Automotives & aviation

Medical & healthcare

Residential

Commercial

Others (Including other industries, special purpose, etc.)

Browse Global Paints and Coatings Market Report with Full TOC at http://www.transparencymarketresearch.com/Paints-coatings-market.html

Paints and Coatings Market: Regional Analysis 

North America

Europe

Asia-Pacific

Rest of the World

Browse Chemical & Materials Market Research Reports @ http://www.transparencymarketresearch.com/chemical-market-reports-2.html

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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