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Paints & Coatings Market worth 60.8 Million Tons by 2020
The report “Paints & Coatings Market by Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, & Others), by Technology (Waterborne, Solvent Borne, High Solids, Powder & Others), by Application (Architectural & Paints And) - Global Forecasts to 2020”, analyzes the global paints and coatings with respect to market drivers, restrains, opportunities, and challenges, in different regions.
Browse 93 market data tables and 63 figures spread through 177 pages and in-depth TOC on “Paints & Coatings Market by Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, & Others), by Technology (Waterborne, Solvent Borne, High Solids, Powder & Others), by Application (Architectural & Paints And) - Global Forecasts to 2020”
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The demand for environment friendly, non-hazardous, VOC complaint paints and coatings has increased from the end-user industry since the last decade. The market of paints and coatings is segmented by different resin types such as acrylic, alkyd, epoxy, polyurethane, polyester, & others. The Asia-Pacific region is the fastest growing segment of the global paints and coatings market and is mainly attributed to high economic growth rate followed by growing industrial industry especially in China and India. The Asia-Pacific and RoW markets are estimated to show an excellent growth in the next five years with the allied industries expected to stabilize the overall business need in the respective regions.
Asia-Pacific is the largest market, both in terms of volume and value, followed by Europe. China, Brazil, India, and other countries of Middle East are expected to persist as successful paints and coatings markets. The key players in the paints and coatings are Akzo Nobel NV (Netherlands), BASF SE (Germany), PPG Industries Inc. (U.S.), The Sherwin-Williams Company (U.S.), The Valspar Corporation (U.S.), Nippon Paint Co. Ltd (Japan), and Kansai Paint Co. Ltd. (Japan) and others.
The paints and coatings demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, investments & expansions, partnerships & agreements, and mergers & acquisitions of the leading global companies.
The global market value of the paints and coatings market is projected to be around $181.3 billion by 2020 and is projected grow at a CAGR of around 5.0% between 2015 and 2020. The high demand from residential, non-residential, automotive, and other industrial application will increase the overall paints and coatings market.
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