Paints and Coatings Market
Paints and Coatings Market was valued at USD 12.72 Bn in 2022, and it is expected to reach USD 19.12 Billion by 2029, exhibiting a CAGR of 6 % during the forecast period (2023-2029)
Paints and Coatings Market Overview:
Coatings and paints are used for both protection and ornamentation. It is extensively used in both industrial and residential building construction. It prolongs the life of objects and structures by shielding them from environmental factors including water and UV radiation. Paints and coatings are applied to the substrate in order to adorn and protect a surface. Paints and coatings improve the lifespan and attractiveness of surfaces when applied decoratively. They also protect the surface from aging, chemicals, corrosion, and harmful elements. Paints and coatings can also provide specific properties like flame retardancy, anti-microbial properties, and anti-fouling in certain situations. The building and construction business in Asia Pacific has been growing as a result of economic progress and the resulting increase in living standards of individuals in the region’s developing nations.
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Paints and Coatings Market Scope:
With a greater grasp of the market and its rivals, readers of the Paints and Coatings Market Report will be more qualified to evaluate the performance and expansion of the sector. This research examines the worldwide market for electronic and electrical ceramics, including growth rates, revenue, capital expenditures, and competitiveness.
Paints and Coatings segmentation:
by Resin
Acrylic
Alkyd
Epoxy
Polyester
Polyurethane
Vinyl
Fluoropolymer
Others
by Technology
Waterborne
Solventborne
Powder Coatings
Others
by End-User
Architectural
Industrial
Others
Paints and Coatings Key Players:
Europe
1. BASF SE (Germany)
2. Jotun A/S (Norway)
3. Akzo Nobel N.V (Netherlands)
4. Backers Group (Germany)
5. TIKKURILA OYJ (Finland)
North America
6. The Valspar Corporation (United States)
7. Dow Corning (United States)
8. The Sherwin-Williams Company (United States)
9. PPG Industries, Inc. (United States)
10. Axalta Coating Systems (United States)
11. RPM International Inc. (United States)
12. Masco Corporation (United States)
13. Diamond Vogel (United States)
Asia Pacific
14. Asian Paints Limited (India)
15. Kansai Paint Co., Ltd. (Japan)
16. KKC Corporation (South Korea)
17. Berger Paints India Limited (India)
18. Nippon Paint Holdings Co., Ltd. (Japan)
19. Hellos Group (China)
Paints and Coatings : Regional Analysis:
Several regions were considered in the Paints and Coatings market projection research, including Asia-Pacific, Europe, North America, and the rest of the globe. With the broadest worldwide reach, North America is ideally positioned to take a sizable share of the Paints and Coatings market.
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COVID-19 Impact Analysis on the Market:
Nearly every company has been hit by the unprecedented COVID-19 worldwide public health catastrophe, and throughout the forecast timeframe, it is expected that these long-term effects will have an impact on industry growth. Our study approach’s scope is expanded by our current analysis to include significant COVID-19 issues and potential remedies. The report provides insights on COVID-19 by taking into account shifts in consumer demand and behavior, purchasing trends, supply chain rerouting, the dynamics of the current market difficulties, and noteworthy government actions.
Key Questions Answered in the Paints and Coatings Market Report:
Which application segment is expected to emerge as the leading segment in the Paints and Coatings market?
Which are the key players in the Paints and Coatings market?
What key trends are likely to emerge in the Paints and Coatings market in the coming years?
What will the Paints and Coatings market be like by 2024?
Which company will hold the largest share of the Paints and Coatings market in 2030?
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