The
Global
Paints and Coatings Market
was
valued at US$ 137.25 Billion in 2016, according
to a new report published by
Coherent
Market Insights.
The increasing use of waterborne paints in various end-use industries
such as automotive, furniture, and architecture, will enhance growth
of the market during the forecast period. The solvent free content of
these coatings results in negligible or low volatile organic
compounds (VOC) emissions, which in turn makes these products
environment friendly and hence, fuel demand for these coatings
globally.
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Website: https://www.coherentmarketinsights.com/
Visit Blog : http://globalresearchtrends.blogspot.in/
The
global paints and coatings market has gained significant traction
over the last five years. This is mainly attributed to surging demand
for waterborne paints due to stringent government regulation for VOC
emissions. Moreover, the decorative paints demand is expected to
witness significant increase due to growing urbanization in the
emerging and developed economies.
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Sample of Global
paints and coatings market:
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Decorative
paints application is the largest segment accounting for over 41.61%
market share in the global paints and coatings market. Increasing
urbanization and rising demand for modern infrastructure is projected
to fuel demand for decorative paints during the forecast period.
Waterborne paints is the largest segment in the paints and coatings
market due to stringent environment regulations and technology
shifting towards developing new ecofriendly products, with low VOC
emissions. Powder coatings is the fastest growing segment during the
forecast period. This is mainly attributed to rampant growth of
end-use industries such as automotive and aerospace in emerging
economies such as India and China.
Key
takeaways of the market:
-
Asia-Pacific is projected to be the largest region in global paints and coatings market. It accounted for 41.56% of overall paints and coatings market revenue in 2016. The market in this region is expected to be primarily driven by rampant growth of end-use industries in China, India, and ASEAN countries. The growing construction and automotive end-use industries, rising urbanization, growing demand for fully furnished homes are some of the key drivers for the growth of paints and coatings in the Asia-Pacific region.
-
The market in Latin America is expected to register a significant growth rate over the forecast period. Rise in discretionary income along with increasing construction activities are expected to create lucrative growth opportunities for the players in this region.
-
PPG industries, The Sherwin Williams Co, RPM International Inc, The Valspar Corp, Axalta Coating System, BEHR, Benjamin Moore & Co, Dunn Edwards Corporation, Ennis Flint and Shawcor Ltd. are few of the key players in global paints and coatings market.
-
Acrylic paints is one of the key segments among resin types due to its durability, affordability and flexibility characteristics. Moreover, acrylic paints segment is expected gain traction due to increasing infrastructure development and growing construction activities around the globe. Asia Pacific is the fastest growing market for paints and coatings due to steady economic growth and growing population. The population of Asia Pacific is expected to reach 5 billion by 2050 as per United Nations (UN), which in turn is expected to fuel demand for supportive infrastructure development.
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Get Discount On This Report:
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-
Technological advancements are the main focus area of players in the market, focusing on differentiating their products from that of other players in the market. For instance on September08, 2016, Australian National University (ANU) developed a water repelling spray, which can be sprayed on mobile phones, aerospace and ships.
About
Coherent Market Insights:
Coherent
Market Insights is a prominent market research and consulting firm
offering action-ready syndicated research reports, custom market
analysis, consulting services, and competitive analysis through
various recommendations related to emerging market trends,
technologies, and potential absolute dollar opportunity.
Contact UsMr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Website: https://www.coherentmarketinsights.com/
Visit Blog : http://globalresearchtrends.blogspot.in/
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