Global Paints and Coatings Market, By Resin Type (Acrylic, Epoxy Resin, Alkyd, Polyurethane, Polyester, Others), Technology (Water-Based Technology, Solvent-Based Technology, High Solids, Powder Coating, Others), Application (Architectural Application, Industrial Application), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Paints and Coatings Market
The paints and coatings market is expected to witness market growth at a rate of 4.15% in the forecast period of 2021 to 2028. Data Bridge Market Research report on paints and coatings market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in demand for the product for various applications globally is escalating the growth of paints and coatings market.
The paint and coating refers to a type of coverings that are widely used for applying on the surface of certain objects with the purpose of preventing the surface against oxidization and sunlight exposure. This covering also assists in improving the durability of the object life and it is also utilized for functional and decorative purposes.
The rise in the number of residential and commercial constructions across the globe acts as one of the major factors driving the growth of paints and coatings market. The increase in the consumption of the product in automotive and construction among other industrial applications owning to the rapid urbanization and industrialization in the emerging countries, such as India, China, and Southeast Asia accelerate the market growth. The initiatives taken by the public sectors by implementing environmental regulations in order to raise the demand for VOC-free coatings and rise in trend of elastomeric coatings in tilt-up concrete in building and construction sectors further influence the market. Additionally, urbanization and industrialization, rise in use of powder coatings in the automotive industry and expansion of end due industries positively affect the paints and coatings market. Furthermore, increase in applications of fluoropolymers in the building and construction industry and rise in demand for powder coatings in shipbuilding and pipeline industries extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, need for long drying time for waterborne coatings and problems with obtaining thin films in powder coating are expected to obstruct the market growth. The issues associated with the wastewater discharge and presence of stringent and regulatory policies are projected to challenge the paints and coatings market in the forecast period of 2021-2028.
This paints and coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on paints and coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Paints and Coatings Market Scope and Market Size
The paints and coatings market is segmented on the basis of resin type, technology and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of resin type, the paints and coatings market is segmented into acrylic, epoxy resin, alkyd, polyurethane, polyester and others. Others are further segmented into silicone, amino, polyurea, polyolefin, nitrocellulose, plastisol, polyamide, vinyl-based, and hybrid coatings.
- On the basis of technology, the paints and coatings market is segmented into water-based technology, solvent-based technology, high solids, powder coating and others.
- On the basis of application, the paints and coatings market is segmented into architectural application and industrial application. Architectural application is further segmented into residential and non-residential. Residential is further sub-segmented into new construction and remodel and repaint. Industrial application is further segmented into general industrial, protective, automotive refinish, automotive OEM, industrial wood, marine, coil, packaging, aerospace and rail.
Global Paints and Coatings Market Country Level Analysis
The paints and coatings market is analyzed and market size, volume information is provided by country, resin type, technology and application as referenced above.
The countries covered in the globally paints and coatings market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the paints and coatings market due to the rise in construction activities and growing demand from the automotive sector in emerging countries, such as China, India, Japan, and Southeast Asia. Europe is expected to witness significant growth during the forecast period of 2021 to 2028 because of the expansion of construction sector in various countries in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Paints and Coatings Market Share Analysis
The paints and coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to paints and coatings market.
The major players covered in the paints and coatings market reports are Dow, DuPont, Covestro AG, BASF SE, Evonik Industries AG, Reichhold LLC 2, Arkema, Koninklijke DSM N.V., ALLNEX NETHERLANDS B.V., Huntsman International LLC, The Sherwin-Williams Company, Qualipoly Chemical Corp., Jiangsu sanmu group Co,Ltd., Arakawa Chemical Industries,Ltd., Alberdingk Boley, The Nippon Synthetic Chemical Industry Co., Ltd., Eternal Materials Co.,Ltd., CBC Co.,Ltd., Perstorp Orgnr, Wanhua Chemical Group Co.,Ltd., DIC CORPORATION, Wacker Chemie AG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Paints and Coatings Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.