Paints & Coatings Market

Paints & Coatings Market by Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Fluoropolymer, Vinyl, Polyester), Technology(Waterborne Coatings, Solvent-borne Coatings, Powder Coatings), End Use (Architectural, Industrial), & Region - Global Forecast to 2027

Report Code: CH 3190 Jan, 2023, by marketsandmarkets.com

The Paints and Coatings market is projected to grow from USD 190.1 billion in 2022 to USD 223.6 billion by 2027, at a CAGR of 3.3%. Paints and Coatings industry is categorized into two end use industry types: Decorative (Architectural) and Industrial Paints and Coatings. Almost 40% of the market is made up of the decorative paint category, which also includes ancillary items like primers and putties. This category comprises several subcategories, including exterior wall paints, interior wall paints, wood finishes, and enamels. The remaining 60% of the paint industry is made up of the industrial paint category, which spans a wide range of industries like automotive, marine, packaging, powder, protection, and other general industrial coatings. Since the coatings sector is one of the most strictly regulated in the world, manufacturers have been compelled to use low-solvent and solventless technology. There are many manufacturers of coatings, but the majority are small regional manufacturers, with only ten or so large multinationals. However, most of the huge multinationals have expanded their operations in rapidly developing nations like India and mainland China. Consolidation has been the most notable trend, particularly among the biggest manufacturers.

Attractive Opportunities in Paints and Coatings Market

Paints & Coatings Market

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Paints and Coatings Market Dynamics

Driver: Over the next five years, housing and construction activities are expected to gradually expand across North America and Europe. Construction industry in China is anticipated to increase more quickly than in Europe or North America, despite a significant slowdown during the previous two to three years. Construction levels are rising in nations like India, Southeast Asia, and South America to keep up with the increased rates of urbanization brought on by people moving from rural areas to cities for the better earnings. Construction activity will increase as a result of infrastructure investment. To increase the productive capacity of their economies and fuel the post-Covid economic recovery, governments around the world continue to support significant infrastructure investments. The construction market's fastest-growing industry will be civil engineering. Australia's construction output is anticipated to decrease by roughly 3% in 2023. High inflation and rising interest rates have an effect on residential construction, causing property values to decline and construction costs to soar. In 2023, Belgium expects its construction output to decline by 1.3% after a 0.8% decrease in 2022, mainly due to lower activity in the residential and industrial construction segments. Both are impacted by increasing inflation and rising building activity financing costs.

Restraints: Thin-film powder coatings offer excellent flow properties, fine perforations, reduced edge build-ups, and consistent distribution of the raw materials throughout the powder mixture. They can be used in paints and, protective, and optical coatings. However, it is difficult to produce thin finishes using conventional powder coatings, as the thickening of the polymer can lead to the formation of an uneven texture. Powder coatings produce a thick finish on metal products. Uniform flow and levelling are prerequisites for thin films.

A successful thin-film application involves the correlation between color and opacity of pigmentation of powder coatings. Polyurethane resins are preferable for obtaining thin films because of flow, physical properties, and lower costs. Substrate smoothness and wetting are important issues faced in thin-film powder coating applications. It is difficult to obtain thin films similar to the ones formed using wet paint systems.

Opportunity: In the building & construction industry, fluoropolymers such as polyvinylidene difluoride (PVDF) are used in both industrial as well as architectural coatings. PVDF is used in architectural applications, where both excellent appearance and substrate protection must be maintained for a long period. PVDF is the most preferred fluoropolymer since it has enough solvency in ester and ketone solvents, and the same can be formulated into solvent dispersion coatings.

PVDF-based coatings can be applied by spray coating or conventional coil techniques and baked at temperatures from 230°C to 250°C. They have high dielectric strength, excellent resistance to weathering, and the ability to self-extinguish. Moreover, PVDF is stable to sunlight and other sources of ultraviolet radiation. It is widely used as a base resin for long-lasting exterior coatings. PVDF coatings also offer long-lasting performance in architectural coating applications and are used by licensed industrial paint manufacturers in formulating hard, long-lasting coatings.

All the properties of PVDF and other fluoropolymers such as polytetrafluoroethylene (PTFE), fluorinated ethylene propylene (FEP), and ethylene tetrafluoroethylene copolymer (ETFE) make them very useful in the building & construction industry, especially in countries where coatings need to sustain high temperatures in summer. The inherent long-life characteristics of fluoropolymer coatings outperform silicone-modified performance polyester, polyester, acrylics, plastisol’s, thick film urethanes, and other resin coil coatings in the building & construction industry. Thus, fluoropolymer-based coil coatings are important building & construction coatings, and in the future, the demand for PVDF-based coil coatings is expected to increase.

Challenges: With the increasing number of regulatory policies adopted by various governments, paints & coatings producers have to constantly improve their processes to comply with the new policies. Products that fail to meet the legal requirements are not allowed in countries that have strict environmental regulations, especially in Western Europe and North America.

Unfortunately, some legislators continue to limit emission values based only on the concentration of VOC in exhaust gases. This can lead to the approval for high mass emissions from processes, which require high airflows as against low mass emissions that need only very low airflows. The concentration approach also ignores the reduced atmospheric emissions when low-VOC coatings are used.

Paints And Coatings
Market Ecosystem

Paints & Coatings Market Ecosystem

Based on Technology, powder coating segment is estimated to account for the largest market share of the Paints and Coatings market

A powder coating is a dry finishing process in which the finely grounded particles of pigments and resins are electrostatically charged and sprayed on to electrically grounded parts. The powder-based industrial painting and coating offer low VOC emission, providing superior performance and cost efficiency for applications that require maximum abrasion resistance and hardness. Powder coatings contain 100% of solid components (binders, pigments, and additives) in the form of finely atomized powder. They do not contain solvents. There are two types of powder coatings, thermoplastic and thermosetting. They can be used in a variety of commercial and industrial applications such as in mailboxes, bathroom fixtures, ornamental fencing, vacuum cleaners, aluminum extrusions microwave ovens, garbage disposals, kitchen appliances, fans, dishwashers, desk accessories, wheelchairs, gasoline pumps, vending/ice-making machines, and toolboxes.

Based on application, Architectural, segment is anticipated to dominate the paint market

Architectural paints & coatings, also known as decorative paints & coatings or building paints, are applied to the interior and exterior walls of all residential, commercial, industrial, and institutional buildings. Apart from their decorative features, architectural paints & coatings also possess some protective features. For instance, exterior architectural paints & coatings protect a building from extreme rain, sunlight, and wind. These are applied by building contractors or by direct customers. Architectural coatings also find use in decorative interiors such as furniture, wood flooring, wall paintings, and sculptures. An increase in environmental awareness among consumers and manufacturers has led to technological innovations in the industrial coating industry to provide affordable quality products that possess value-added features and meet global trends. Similarly, growing safety standards will raise the demand for waterproof and fireproof coatings for buildings.

By platform, the residential segment of the Paints and Coatings market is projected to witness the highest CAGR during the forecast period.

Paints & coatings are widely used in the residential sector to reduce the shrinkage and cracks in concrete and to improve its aesthetic quality and workability. The primary factor determining a finishing coating's durability is crack resistance. Significant shrinkage deformations that take place both during operation and the hardening of finishing coats are the primary causes of cracks. Economic growth and higher incomes have resulted in the growth of construction activity/new houses and remodeling. Architectural paints and coatings for residential construction include new paint and repainting. Architectural paints and coatings are used in both interior and exterior applications in the residential sector. Repainting gives a new look to a construction's old or worn-out interior and exterior.

The Asia Pacific market is projected to contribute the largest share for the paints and coatings market.

Asia Pacific is expected to lead the paints and coatings market in 2022. According to the IMF and World Economic Outlook, China and Japan were the world’s second- and third-largest economies, respectively, in 2022. The United Nations Population Fund states that Asia Pacific accounts for 60% of the world’s population, which is 4.7 billion people. The region includes the world’s most populous countries, China and India. This is projected to become an increasingly important driver of the global construction industry over the next two decades. The market will also be fueled by the rapidly rising household income and the fast-growing demand from smaller towns and rural areas because of increased customer awareness.

Asia Pacific encompasses a diverse range of economies with different levels of economic development and multiple industries. The development of the market is mainly attributed to the high economic growth rate followed by heavy investment across industries, such as automotive, consumer goods & appliances, building & construction, and furniture. Key players from paint industries are expanding their paints and coatings production in Asia Pacific, especially in China and India. The advantages of shifting production to the region are the low cost of production and the ability to better cater to the emerging local markets.

Paints & Coatings Market by Region

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Key Market Players

The paints and coatings market is dominated by a few globally established players such as The Sherwin-Williams Company (US), PPG Industries, Inc (US), AkzoNobel N.V. (The Netherlands), BASF Coating GMBH (Germany), Jotun A/s (Norway), Asian Paints Limited (India), Kansai Paint Co., Ltd (Japan), Nippon Paint Holding Co., Ltd (Japan), RPM International, Inc (US), Masco Corporation (US), among others, are the key manufacturers. Major focus was given to the contracts and new product development due to the changing requirements of commercial, and residential users across the world.

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Scope of the Report

Report Metric

Details

Market size available for years

2017-2027

Base year considered

2021

Forecast Period

2022-2027

Forecast Units

Value (USD Billion)

Segments Covered

By Technology, By Resin Type, By End Use Industry, By Region

Geographies Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Companies covered

The Sherwin-Williams Company (US), PPG Industries, Inc (US), AkzoNobel N.V. (The Netherlands), BASF Coating GMBH (Germany), Jotun A/s (Norway), Asian Paints Limited (India), Kansai Paint Co., Ltd (Japan), Nippon Paint Holding Co., Ltd (Japan), RPM International, Inc (US), Axalta Coating Systems LLC (US)
A total of 25 players are covered.

Based on resin type, the paints and coatings market has been segmented as follows:
  • Acrylic
  • Alkyd
  • Epoxy
  • Polyester
  • Polyurethane
  • Fluoropolymer
  • Vinyl
  • Others
Based on technology, the paints and coatings market has been segmented as follows:
  • Waterborne coatings
  • Solventborne coatings
  • Powder coatings
  • Others
Based on end use, the paints and coatings market has been segmented as follows:
  • Architectural
    • Residential
      • New construction
      • Remodel and Repaint
    • Non-residential
      • Commercial
      • Industrial
      • Infrastructure
  • Industrial
    • General industries
    • Protective
    • Automotive Refinish
    • Automotive OEM
    • Wood
    • Marine
    • Coal
    • Packaging
    • Aerospace
    • Rail
Based on the region, the paint and coatings industry has been segmented as follows:
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Recent Developments

  • In December 2022, AkzoNobel N.V. has completed the acquisition of the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH, a deal which strengthens the company’s performance coatings portfolio. The acquired business will complement AkzoNobel’s existing powder coatings offering and expand the range of innovative products the company supplies.
  • In April 2022, PPG today announced that it has completed its acquisition of the powder coatings manufacturing business of Arsonsisi, an industrial coatings company based in Milan, Italy.
  • In November 2022, The Sherwin-Williams Company acquired Oskar Nolte GmbH and Klumpp Coatings GmbH. This acquisition creates opportunities to accelerate their profitable growth in the global industrial wood market and fits company strategy of acquiring complementary, high-quality and differentiated businesses.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 53)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 MARKET INCLUSIONS
           1.2.2 MARKET EXCLUSIONS
    1.3 MARKET SEGMENTATION 
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS CONSIDERED 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 57)
    2.1 RESEARCH DATA 
          FIGURE 1 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primary interviews
                                FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS
                    2.1.2.3 Primary data sources
                    2.1.2.4 Key industry insights
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
                    FIGURE 5 PAINTS & COATINGS MARKET SIZE ESTIMATION, BY REGION
                    FIGURE 6 PAINTS & COATINGS MARKET, BY RESIN TYPE
           2.2.3 SUPPLY-SIDE FORECAST
                    FIGURE 7 SUPPLY-SIDE FORECAST
                    FIGURE 8 METHODOLOGY FOR CALCULATION OF SUPPLY-SIDE SIZE OF PAINTS & COATINGS MARKET
           2.2.4 FACTOR ANALYSIS
                    FIGURE 9 FACTOR ANALYSIS OF PAINTS & COATINGS MARKET
    2.3 DATA TRIANGULATION 
          FIGURE 10 PAINTS & COATINGS MARKET: DATA TRIANGULATION
    2.4 ASSUMPTIONS 
    2.5 RESEARCH LIMITATIONS 
    2.6 GROWTH RATE FORECAST 
 
3 EXECUTIVE SUMMARY (Page No. - 67)
    TABLE 1 PAINTS & COATINGS MARKET SNAPSHOT, 2022 VS. 2027
    FIGURE 11 ACRYLIC TO BE HIGHEST USED RESIN TYPE IN ARCHITECTURAL PAINTS & COATINGS
    FIGURE 12 EPOXY TO BE FASTEST-GROWING RESIN TYPE IN INDUSTRIAL PAINTS & COATINGS
    FIGURE 13 WATERBORNE TECHNOLOGY TO ACCOUNT FOR LARGEST SHARE OF ARCHITECTURAL PAINTS & COATINGS MARKET
    FIGURE 14 WATERBORNE TECHNOLOGY TO ACCOUNT FOR SECOND-LARGEST SHARE OF INDUSTRIAL PAINTS & COATINGS MARKET
    FIGURE 15 INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGER SHARE
    FIGURE 16 ASIA PACIFIC TO BE FASTEST-GROWING PAINTS & COATINGS MARKET
 
4 PREMIUM INSIGHTS (Page No. - 73)
    4.1 ATTRACTIVE OPPORTUNITIES IN PAINTS & COATINGS MARKET 
          FIGURE 17 EMERGING ECONOMIES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES FOR MARKET PLAYERS BETWEEN 2022 AND 2027
    4.2 PAINTS & COATINGS MARKET, BY RESIN TYPE 
          FIGURE 18 ACRYLIC RESIN TYPE TO BE LARGEST SEGMENT BY 2027
    4.3 PAINTS & COATINGS MARKET, DEVELOPED VS. EMERGING COUNTRIES 
          FIGURE 19 MARKETS IN EMERGING COUNTRIES TO GROW AT HIGHER CAGRS
    4.4 ASIA PACIFIC PAINTS & COATINGS MARKET, BY END-USE INDUSTRY AND COUNTRY 
          FIGURE 20 CHINA AND ARCHITECTURAL END-USE INDUSTRY WERE LARGEST PAINTS & COATINGS MARKETS IN 2021
    4.5 PAINTS & COATINGS MARKET ATTRACTIVENESS, BY KEY COUNTRY 
          FIGURE 21 MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 76)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 22 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN PAINTS & COATINGS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Environmental regulations boost demand for VOC-free coatings
                    5.2.1.2 Increasing demand from building & construction and automotive industries
                    5.2.1.3 Developments to increase performance of coatings
                    5.2.1.4 Growing popularity of elastomeric coatings in tilt-up concrete in building & construction industry
                    5.2.1.5 Technological advancements in powder coating technology
           5.2.2 RESTRAINTS
                    5.2.2.1 Requirement of more drying time for waterborne coatings
                    5.2.2.2 Difficulty in obtaining thin films in powder coatings
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing applications of fluoropolymers in building & construction industry
                    5.2.3.2 Attractive prospects for powder coatings in shipbuilding and pipeline industries
           5.2.4 CHALLENGES
                    5.2.4.1 Stringent regulatory policies
                    5.2.4.2 Environmental challenges concerning wastewater discharge
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          TABLE 2 PAINTS & COATINGS MARKET: PORTER’S FIVE FORCES ANALYSIS
          FIGURE 23 PAINTS & COATINGS MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF BUYERS
           5.3.4 BARGAINING POWER OF SUPPLIERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
                    TABLE 3 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USERS
           5.4.2 BUYING CRITERIA
                    FIGURE 25 KEY BUYING CRITERIA FOR PAINTS & COATINGS
                    TABLE 4 KEY BUYING CRITERIA FOR PAINTS & COATINGS
    5.5 MACROINDICATOR ANALYSIS AND INDUSTRY TRENDS 
           5.5.1 INTRODUCTION
           5.5.2 TRENDS AND FORECASTS OF GDP
                    TABLE 5 TRENDS AND FORECASTS OF GDP, PERCENTAGE CHANGE, 2020–2027
           5.5.3 TRENDS AND FORECASTS OF GLOBAL CONSTRUCTION INDUSTRY
                    FIGURE 26 GLOBAL SPENDING IN CONSTRUCTION INDUSTRY, 2014–2035
           5.5.4 TRENDS IN AUTOMOTIVE INDUSTRY
                    TABLE 6 AUTOMOTIVE INDUSTRY PRODUCTION (2020–2021)
    5.6 GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTH 
           5.6.1 RUSSIA–UKRAINE WAR
           5.6.2 CHINA
                    5.6.2.1 China’s debt problem
                    5.6.2.2 Australia-China trade war
                    5.6.2.3 Environmental commitments
           5.6.3 EUROPE
                    5.6.3.1 Energy crisis in Europe
    5.7 VALUE CHAIN ANALYSIS 
          FIGURE 27 PAINTS & COATINGS VALUE CHAIN
    5.8 PRICING ANALYSIS 
          FIGURE 28 AVERAGE PRICE COMPETITIVENESS IN PAINTS & COATINGS MARKET, BY REGION
          FIGURE 29 AVERAGE PRICE COMPETITIVENESS IN PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021
          FIGURE 30 AVERAGE PRICE COMPETITIVENESS IN PAINTS & COATINGS MARKET, BY COMPANY, 2022
    5.9 PAINTS & COATINGS ECOSYSTEM AND INTERCONNECTED MARKETS 
          TABLE 7 PAINTS & COATINGS MARKET: SUPPLY CHAIN
          FIGURE 31 PAINTS & COATINGS MARKET: ECOSYSTEM
    5.10 TRENDS AND DISRUPTIONS IMPACTING BUYERS, CONSUMERS, AND MANUFACTURERS 
    5.11 TRADE ANALYSIS: EXPORT-IMPORT (EXIM) DATA STATISTICS 
           TABLE 8 COUNTRY-WISE EXPORT DATA, 2019–2021 (USD THOUSAND)
           TABLE 9 COUNTRY-WISE IMPORT DATA, 2019–2021 (USD THOUSAND)
    5.12 STANDARDS AND REGULATIONS 
           5.12.1 COATING STANDARDS
                     TABLE 10 BASIC COATING SYSTEM REQUIREMENTS FOR DEDICATED SEAWATER BALLAST TANKS OF ALL TYPES OF SHIPS AND DOUBLE-SIDE SKIN SPACES OF BULK CARRIERS OF 150 METERS AND UPWARD
    5.13 PATENT ANALYSIS 
           5.13.1 METHODOLOGY
           5.13.2 PUBLICATION TRENDS
                     FIGURE 32 NUMBER OF PATENTS PUBLISHED, 2017–2022
           5.13.3 TOP JURISDICTIONS
                     FIGURE 33 PATENTS PUBLISHED BY JURISDICTION, 2017–2022
           5.13.4 TOP APPLICANTS
                     FIGURE 34 PATENTS PUBLISHED BY MAJOR APPLICANTS, 2017–2022
                     TABLE 11 RECENT PATENTS, BY OWNER
    5.14 CASE STUDY ANALYSIS 
    5.15 TECHNOLOGY ANALYSIS 
    5.16 KEY CONFERENCES AND EVENTS IN 2023–2024 
           TABLE 12 PAINTS & COATINGS MARKET: KEY CONFERENCES AND EVENTS
    5.17 TARIFF AND REGULATORY LANDSCAPE 
           5.17.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 13 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 14 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 15 MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 16 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
6 PAINTS & COATINGS MARKET, BY TECHNOLOGY (Page No. - 120)
    6.1 INTRODUCTION 
          FIGURE 35 SOLVENTBORNE TECHNOLOGY TO LEAD INDUSTRIAL PAINTS & COATINGS MARKET BETWEEN 2022 AND 2027
          TABLE 17 INDUSTRIAL: PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
          TABLE 18 INDUSTRIAL: PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION)
          TABLE 19 INDUSTRIAL: PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (KILOTON)
          TABLE 20 INDUSTRIAL: PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (KILOTON)
          FIGURE 36 WATERBORNE TECHNOLOGY TO LEAD DECORATIVE PAINTS & COATINGS MARKET BETWEEN 2022 AND 2027
          TABLE 21 DECORATIVE: PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
          TABLE 22 DECORATIVE: PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION)
          TABLE 23 DECORATIVE: PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (KILOTON)
          TABLE 24 DECORATIVE: PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (KILOTON)
    6.2 WATERBORNE COATINGS 
           6.2.1 QUALITY AND STRENGTH OF COATINGS DEPEND ON USE OF ENVIRONMENTALLY FRIENDLY RAW MATERIALS
                    TABLE 25 WATERBORNE: DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 26 WATERBORNE: DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 27 WATERBORNE: DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 28 WATERBORNE: DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
                    TABLE 29 WATERBORNE: INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 30 WATERBORNE: INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 31 WATERBORNE: INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 32 WATERBORNE: INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
    6.3 SOLVENTBORNE COATINGS 
           6.3.1 USED IN DIVERSE COATING APPLICATIONS DUE TO SUPERIOR PERFORMANCE
                    TABLE 33 SOLVENTBORNE: DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 34 SOLVENTBORNE: DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 35 SOLVENTBORNE: DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 36 SOLVENTBORNE: DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
                    TABLE 37 SOLVENTBORNE: INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 38 SOLVENTBORNE: INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 39 SOLVENTBORNE: INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 40 SOLVENTBORNE: INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
    6.4 POWDER COATINGS 
           6.4.1 LOW VOC EMISSION, SUPERIOR PERFORMANCE, AND COST EFFICIENCY TO DRIVE MARKET
                    TABLE 41 POWDER COATINGS: DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 42 POWDER COATINGS: DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 43 POWDER COATINGS: DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 44 POWDER COATINGS: DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
                    TABLE 45 POWDER COATINGS: INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 46 POWDER COATINGS: INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 47 POWDER COATINGS: INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 48 POWDER COATINGS: INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
    6.5 OTHER TECHNOLOGIES 
          TABLE 49 OTHERS: INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
          TABLE 50 OTHERS: INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
          TABLE 51 OTHERS: INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
          TABLE 52 OTHERS: INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
 
7 PAINTS & COATINGS MARKET, BY END-USE INDUSTRY (Page No. - 138)
    7.1 INTRODUCTION 
          FIGURE 37 INDUSTRIAL SEGMENT REGISTERED HIGHER SHARE IN PAINTS & COATINGS MARKET IN 2022
          TABLE 53 PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 54 PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
          TABLE 55 PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
          TABLE 56 PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
    7.2 ARCHITECTURAL 
          TABLE 57 ARCHITECTURAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 58 ARCHITECTURAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
          TABLE 59 ARCHITECTURAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
          TABLE 60 ARCHITECTURAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
           7.2.1 RESIDENTIAL SECTOR
                    TABLE 61 RESIDENTIAL PAINTS & COATINGS MARKET, BY SUB-SEGMENT, 2017–2020 (USD MILLION)
                    TABLE 62 RESIDENTIAL PAINTS & COATINGS MARKET, BY SUB-SEGMENT, 2021–2027 (USD MILLION)
                    TABLE 63 RESIDENTIAL PAINTS & COATINGS MARKET, BY SUB-SEGMENT, 2017–2020 (KILOTON)
                    TABLE 64 RESIDENTIAL PAINTS & COATINGS MARKET, BY SUB-SEGMENT, 2021–2027 (KILOTON)
                    TABLE 65 PAINTS & COATINGS MARKET IN RESIDENTIAL SECTOR, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 66 PAINTS & COATINGS MARKET IN RESIDENTIAL SECTOR, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 67 PAINTS & COATINGS MARKET IN RESIDENTIAL SECTOR, BY REGION, 2017–2020 (KILOTON)
                    TABLE 68 PAINTS & COATINGS MARKET IN RESIDENTIAL SECTOR, BY REGION, 2021–2027 (KILOTON)
                    7.2.1.1 New construction
                               7.2.1.1.1 Growing income and economy to drive market
                                              TABLE 69 PAINTS & COATINGS MARKET IN RESIDENTIAL (NEW CONSTRUCTION) SECTOR, BY REGION, 2017–2020 (USD MILLION)
                                              TABLE 70 PAINTS & COATINGS MARKET IN RESIDENTIAL (NEW CONSTRUCTION) SECTOR, BY REGION, 2021–2027 (USD MILLION)
                                              TABLE 71 PAINTS & COATINGS MARKET IN RESIDENTIAL (NEW CONSTRUCTION) SECTOR, BY REGION, 2017–2020 (KILOTON)
                                              TABLE 72 PAINTS & COATINGS MARKET IN RESIDENTIAL (NEW CONSTRUCTION) SECTOR, BY REGION, 2021–2027 (KILOTON)
                    7.2.1.2 Remodel and repaint
                               7.2.1.2.1 Need for increased life span of structures to drive demand
                                              TABLE 73 PAINTS & COATINGS MARKET IN RESIDENTIAL (REMODEL AND REPAINT) SECTOR, BY REGION, 2017–2020 (USD MILLION)
                                              TABLE 74 PAINTS & COATINGS MARKET IN RESIDENTIAL (REMODEL AND REPAINT) SECTOR, BY REGION, 2021–2027 (USD MILLION)
                                              TABLE 75 PAINTS & COATINGS MARKET IN RESIDENTIAL (REMODEL AND REPAINT) SECTOR, BY REGION, 2017–2020 (KILOTON)
                                              TABLE 76 PAINTS & COATINGS MARKET IN RESIDENTIAL (REMODEL AND REPAINT) SECTOR, BY REGION, 2021–2027 (KILOTON)
           7.2.2 NON-RESIDENTIAL
                    7.2.2.1 Commercial
                               7.2.2.1.1 Growing investment in private sector and increasing commercial office spaces to drive demand
                    7.2.2.2 Industrial
                               7.2.2.2.1 Resurgence in industrial sector to drive demand for architectural coatings
                    7.2.2.3 Infrastructure
                               7.2.2.3.1 Need for better development in emerging countries to create opportunities for manufacturers
                                              TABLE 77 PAINTS & COATINGS MARKET IN NON-RESIDENTIAL SECTOR, BY REGION, 2017–2020 (USD MILLION)
                                              TABLE 78 PAINTS & COATINGS MARKET IN NON-RESIDENTIAL SECTOR, BY REGION, 2021–2027 (USD MILLION)
                                              TABLE 79 PAINTS & COATINGS MARKET IN NON-RESIDENTIAL SECTOR, BY REGION, 2017–2020 (KILOTON)
                                              TABLE 80 PAINTS & COATINGS MARKET IN NON-RESIDENTIAL SECTOR, BY REGION, 2021–2027 (KILOTON)
                                              TABLE 81 PAINTS & COATINGS MARKET IN NON-RESIDENTIAL (COMMERCIAL) SECTOR, BY REGION, 2017–2020 (USD MILLION)
                                              TABLE 82 PAINTS & COATINGS MARKET IN NON-RESIDENTIAL (COMMERCIAL) SECTOR, BY REGION, 2021–2027 (USD MILLION)
                                              TABLE 83 PAINTS & COATINGS MARKET IN NON-RESIDENTIAL (COMMERCIAL) SECTOR, BY REGION, 2017–2020 (KILOTON)
                                              TABLE 84 PAINTS & COATINGS MARKET IN NON-RESIDENTIAL (COMMERCIAL) SECTOR, BY REGION, 2021–2027 (KILOTON)
                                              TABLE 85 PAINTS & COATINGS MARKET IN NON-RESIDENTIAL (INDUSTRIAL) SECTOR, BY REGION, 2017–2020 (USD MILLION)
                                              TABLE 86 PAINTS & COATINGS MARKET IN NON-RESIDENTIAL (INDUSTRIAL) SECTOR, BY REGION, 2021–2027 (USD MILLION)
                                              TABLE 87 PAINTS & COATINGS MARKET IN NON-RESIDENTIAL (INDUSTRIAL) SECTOR, BY REGION, 2017–2020 (KILOTON)
                                              TABLE 88 PAINTS & COATINGS MARKET IN NON-RESIDENTIAL (INDUSTRIAL) SECTOR, BY REGION, 2021–2027 (KILOTON)
                                              TABLE 89 PAINTS & COATINGS MARKET IN NON-RESIDENTIAL (INFRASTRUCTURE) SECTOR, BY REGION, 2017–2020 (USD MILLION)
                                              TABLE 90 PAINTS & COATINGS MARKET IN NON-RESIDENTIAL (INFRASTRUCTURE) SECTOR, BY REGION, 2021–2027 (USD MILLION)
                                              TABLE 91 PAINTS & COATINGS MARKET IN NON-RESIDENTIAL (INFRASTRUCTURE) SECTOR, BY REGION, 2017–2020 (KILOTON)
                                              TABLE 92 PAINTS & COATINGS MARKET IN NON-RESIDENTIAL (INFRASTRUCTURE) SECTOR, BY REGION, 2021–2027 (KILOTON)
    7.3 INDUSTRIAL 
          TABLE 93 INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 94 INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
          TABLE 95 INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
          TABLE 96 INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
           7.3.1 GENERAL INDUSTRIAL
                    7.3.1.1 Everyday use of powder-coated products to fuel demand for general industrial equipment
                                TABLE 97 INDUSTRIAL PAINTS & COATINGS MARKET IN GENERAL INDUSTRIAL SEGMENT, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 98 INDUSTRIAL PAINTS & COATINGS MARKET IN GENERAL INDUSTRIAL SEGMENT, BY REGION, 2021–2027 (USD MILLION)
                                TABLE 99 INDUSTRIAL PAINTS & COATINGS MARKET IN GENERAL INDUSTRIAL SEGMENT, BY REGION, 2017–2020 (KILOTON)
                                TABLE 100 INDUSTRIAL PAINTS & COATINGS MARKET IN GENERAL INDUSTRIAL SEGMENT, BY REGION, 2021–2027 (KILOTON)
           7.3.2 PROTECTIVE
                    7.3.2.1 Asia Pacific emerging as strategic location for protective coating manufacturers
                                TABLE 101 INDUSTRIAL PAINTS & COATINGS MARKET IN PROTECTIVE SEGMENT, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 102 INDUSTRIAL PAINTS & COATINGS MARKET IN PROTECTIVE SEGMENT, BY REGION, 2021–2027 (USD MILLION)
                                TABLE 103 INDUSTRIAL PAINTS & COATINGS MARKET IN PROTECTIVE SEGMENT, BY REGION, 2017–2020 (KILOTON)
                                TABLE 104 INDUSTRIAL PAINTS & COATINGS MARKET IN PROTECTIVE SEGMENT, BY REGION, 2021–2027 (KILOTON)
           7.3.3 AUTOMOTIVE REFINISH
                    7.3.3.1 Increase in vehicle usage along with increased number of accidents to propel demand
                                TABLE 105 INDUSTRIAL PAINTS & COATINGS MARKET IN AUTOMOTIVE REFINISH SEGMENT, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 106 INDUSTRIAL PAINTS & COATINGS MARKET IN AUTOMOTIVE REFINISH SEGMENT, BY REGION, 2021–2027 (USD MILLION)
                                TABLE 107 INDUSTRIAL PAINTS & COATINGS MARKET IN AUTOMOTIVE REFINISH SEGMENT, BY REGION, 2017–2020 (KILOTON)
                                TABLE 108 INDUSTRIAL PAINTS & COATINGS MARKET IN AUTOMOTIVE REFINISH SEGMENT, BY REGION, 2021–2027 (KILOTON)
           7.3.4 AUTOMOTIVE OEM
                    7.3.4.1 Growing demand for electric vehicles to drive market
                                TABLE 109 INDUSTRIAL PAINTS & COATINGS MARKET IN AUTOMOTIVE OEM SEGMENT, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 110 INDUSTRIAL PAINTS & COATINGS MARKET IN AUTOMOTIVE OEM SEGMENT, BY REGION, 2021–2027 (USD MILLION)
                                TABLE 111 INDUSTRIAL PAINTS & COATINGS MARKET IN AUTOMOTIVE OEM SEGMENT, BY REGION, 2017–2020 (KILOTON)
                                TABLE 112 INDUSTRIAL PAINTS & COATINGS MARKET IN AUTOMOTIVE OEM SEGMENT, BY REGION, 2021–2027 (KILOTON)
           7.3.5 WOOD
                    7.3.5.1 Increasing construction and infrastructure activities to drive demand for wood coatings
                                TABLE 113 INDUSTRIAL PAINTS & COATINGS MARKET IN WOOD SEGMENT, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 114 INDUSTRIAL PAINTS & COATINGS MARKET IN WOOD SEGMENT, BY REGION, 2021–2027 (USD MILLION)
                                TABLE 115 INDUSTRIAL PAINTS & COATINGS MARKET IN WOOD SEGMENT, BY REGION, 2017–2020 (KILOTON)
                                TABLE 116 INDUSTRIAL PAINTS & COATINGS MARKET IN WOOD SEGMENT, BY REGION, 2021–2027 (KILOTON)
           7.3.6 MARINE
                    7.3.6.1 Slow growth of shipbuilding sector hampering demand for marine coatings
                                TABLE 117 INDUSTRIAL PAINTS & COATINGS MARKET IN MARINE SEGMENT, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 118 INDUSTRIAL PAINTS & COATINGS MARKET IN MARINE SEGMENT, BY REGION, 2021–2027 (USD MILLION)
                                TABLE 119 INDUSTRIAL PAINTS & COATINGS MARKET IN MARINE SEGMENT, BY REGION, 2017–2020 (KILOTON)
                                TABLE 120 INDUSTRIAL PAINTS & COATINGS MARKET IN MARINE SEGMENT, BY REGION, 2021–2027 (KILOTON)
           7.3.7 COIL
                    7.3.7.1 Durability and cost-benefit properties to drive demand
                                TABLE 121 INDUSTRIAL PAINTS & COATINGS MARKET IN COIL SEGMENT, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 122 INDUSTRIAL PAINTS & COATINGS MARKET IN COIL SEGMENT, BY REGION, 2021–2027 (USD MILLION)
                                TABLE 123 INDUSTRIAL PAINTS & COATINGS MARKET IN COIL SEGMENT, BY REGION, 2017–2020 (KILOTON)
                                TABLE 124 INDUSTRIAL PAINTS & COATINGS MARKET IN COIL SEGMENT, BY REGION, 2021–2027 (KILOTON)
           7.3.8 PACKAGING
                    7.3.8.1 Improved lifestyles and changing food habits to fuel demand
                                TABLE 125 INDUSTRIAL PAINTS & COATINGS MARKET IN PACKAGING SEGMENT, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 126 INDUSTRIAL PAINTS & COATINGS MARKET IN PACKAGING SEGMENT, BY REGION, 2021–2027 (USD MILLION)
                                TABLE 127 INDUSTRIAL PAINTS & COATINGS MARKET IN PACKAGING SEGMENT, BY REGION, 2017–2020 (KILOTON)
                                TABLE 128 INDUSTRIAL PAINTS & COATINGS MARKET IN PACKAGING SEGMENT, BY REGION, 2021–2027 (KILOTON)
           7.3.9 AEROSPACE
                    7.3.9.1 Development of chrome-free coating technology to drive market
                                TABLE 129 INDUSTRIAL PAINTS & COATINGS MARKET IN AEROSPACE SEGMENT, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 130 INDUSTRIAL PAINTS & COATINGS MARKET IN AEROSPACE SEGMENT, BY REGION, 2021–2027 (USD MILLION)
                                TABLE 131 INDUSTRIAL PAINTS & COATINGS MARKET IN AEROSPACE SEGMENT, BY REGION, 2017–2020 (KILOTON)
                                TABLE 132 INDUSTRIAL PAINTS & COATINGS MARKET IN AEROSPACE SEGMENT, BY REGION, 2021–2027 (KILOTON)
           7.3.10 RAIL
                    7.3.10.1 Advancements in high-speed train industry to boost market
                                TABLE 133 INDUSTRIAL PAINTS & COATINGS MARKET IN RAIL SEGMENT, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 134 INDUSTRIAL PAINTS & COATINGS MARKET IN RAIL SEGMENT, BY REGION, 2021–2027 (USD MILLION)
                                TABLE 135 INDUSTRIAL PAINTS & COATINGS MARKET IN RAIL SEGMENT, BY REGION, 2017–2020 (KILOTON)
                                TABLE 136 INDUSTRIAL PAINTS & COATINGS MARKET IN RAIL SEGMENT, BY REGION, 2021–2027 (KILOTON)
 
8 PAINTS & COATINGS MARKET, BY RESIN TYPE (Page No. - 176)
    8.1 INTRODUCTION 
          FIGURE 38 EPOXY TO BE LARGEST RESIN TYPE FOR INDUSTRIAL PAINTS & COATINGS
          TABLE 137 PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION)
          TABLE 138 PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (USD MILLION)
          TABLE 139 PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (KILOTON)
          TABLE 140 PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (KILOTON)
          FIGURE 39 ACRYLIC TO BE LARGEST RESIN TYPE FOR DECORATIVE PAINTS & COATINGS
          TABLE 141 DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION)
          TABLE 142 DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (USD MILLION)
          TABLE 143 DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (KILOTON)
          TABLE 144 DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (KILOTON)
          TABLE 145 INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION)
          TABLE 146 INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (USD MILLION)
          TABLE 147 INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (KILOTON)
          TABLE 148 INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (KILOTON)
    8.2 ACRYLIC RESIN 
           8.2.1 FLEXIBILITY TO HELP SEGMENT WITNESS HIGHEST GROWTH
                    TABLE 149 PROPERTIES AND APPLICATIONS OF ACRYLIC PAINTS & COATINGS
                    TABLE 150 ACRYLIC-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 151 ACRYLIC-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 152 ACRYLIC-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 153 ACRYLIC-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
                    TABLE 154 ACRYLIC-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 155 ACRYLIC-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 156 ACRYLIC-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 157 ACRYLIC-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
    8.3 ALKYD RESIN 
           8.3.1 ASIA PACIFIC—LARGEST AND FASTEST-GROWING MARKET FOR ALKYD RESIN-BASED PAINTS & COATINGS
                    TABLE 158 PROPERTIES AND APPLICATIONS OF ALKYD RESINS
                    TABLE 159 ALKYD-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 160 ALKYD-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 161 ALKYD-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 162 ALKYD-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
                    TABLE 163 ALKYD-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 164 ALKYD-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 165 ALKYD-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 166 ALKYD-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
    8.4 EPOXY RESIN 
           8.4.1 GOOD ADHESION, HIGH CHEMICAL RESISTANCE, AND EXCELLENT PHYSICAL PROPERTIES MAKE RESIN SUITABLE FOR PRODUCT ASSEMBLY
                    TABLE 167 EPOXY-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 168 EPOXY-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 169 EPOXY-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 170 EPOXY-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
    8.5 POLYESTER RESIN 
           8.5.1 ONE OF MOST WIDELY USED RESIN TYPES IN HIGH-PERFORMANCE COATINGS
                    TABLE 171 POLYESTER-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 172 POLYESTER-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 173 POLYESTER-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 174 POLYESTER-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
    8.6 POLYURETHANE RESIN 
           8.6.1 EXCELLENT COMBINATION OF PROPERTIES TO DRIVE POLYURETHANE-BASED PAINTS & COATINGS MARKET
                    TABLE 175 PROPERTIES AND APPLICATIONS OF POLYURETHANE RESINS
                    TABLE 176 POLYURETHANE-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 177 POLYURETHANE-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 178 POLYURETHANE-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 179 POLYURETHANE-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
                    TABLE 180 POLYURETHANE-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 181 POLYURETHANE-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 182 POLYURETHANE-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 183 POLYURETHANE-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
    8.7 FLUOROPOLYMER RESIN 
           8.7.1 GOOD THERMAL STABILITY OF RESIN MAKES IT SUITABLE FOR NON-STICK SURFACES
                    TABLE 184 FLUOROPOLYMER-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 185 FLUOROPOLYMER-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 186 FLUOROPOLYMER-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 187 FLUOROPOLYMER-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
    8.8 VINYL RESIN 
           8.8.1 WIDELY USED IN ARCHITECTURAL PAINTS & COATINGS DUE TO EXCELLENT TOUGHNESS AND GOOD WATER & CHEMICAL RESISTANCE
                    TABLE 188 VINYL-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 189 VINYL-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 190 VINYL-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 191 VINYL-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
    8.9 OTHERS 
          TABLE 192 OTHER RESINS-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
          TABLE 193 OTHER RESINS-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
          TABLE 194 OTHER RESINS-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
          TABLE 195 OTHER RESINS-BASED DECORATIVE PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
          TABLE 196 OTHER RESINS-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
          TABLE 197 OTHER RESINS-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
          TABLE 198 OTHER RESINS-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
          TABLE 199 OTHER RESINS-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
 
9 PAINTS & COATINGS MARKET, BY REGION (Page No. - 206)
    9.1 INTRODUCTION 
           9.1.1 GLOBAL RECESSION OVERVIEW
                    FIGURE 40 ASIA PACIFIC TO BE FASTEST-GROWING PAINTS & COATINGS MARKET
                    TABLE 200 PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 201 PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 202 PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 203 PAINTS & COATINGS MARKET, BY REGION, 2021–2027 (KILOTON)
    9.2 NORTH AMERICA 
           9.2.1 IMPACT OF RECESSION ON NORTH AMERICA
                    FIGURE 41 NORTH AMERICA: PAINTS & COATINGS MARKET SNAPSHOT
                    TABLE 204 NORTH AMERICA: PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 205 NORTH AMERICA: PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 206 NORTH AMERICA: PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 207 NORTH AMERICA: PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 208 NORTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 209 NORTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 210 NORTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 211 NORTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 212 NORTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 213 NORTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 214 NORTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 215 NORTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 216 NORTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION)
                    TABLE 217 NORTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (USD MILLION)
                    TABLE 218 NORTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (KILOTON)
                    TABLE 219 NORTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (KILOTON)
                    TABLE 220 NORTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION)
                    TABLE 221 NORTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (USD MILLION)
                    TABLE 222 NORTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (KILOTON)
                    TABLE 223 NORTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (KILOTON)
                    TABLE 224 NORTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                    TABLE 225 NORTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION)
                    TABLE 226 NORTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (KILOTON)
                    TABLE 227 NORTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (KILOTON)
                    TABLE 228 NORTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                    TABLE 229 NORTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION)
                    TABLE 230 NORTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (KILOTON)
                    TABLE 231 NORTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (KILOTON)
                    TABLE 232 NORTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 233 NORTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                    TABLE 234 NORTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 235 NORTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                    TABLE 236 NORTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 237 NORTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                    TABLE 238 NORTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 239 NORTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                    TABLE 240 INFRASTRUCTURE PROJECTS IN NORTH AMERICA
           9.2.2 US
                    9.2.2.1 Presence of major manufacturers to fuel market growth
           9.2.3 CANADA
                    9.2.3.1 Rising demand from construction industry to contribute to market growth
           9.2.4 MEXICO
                    9.2.4.1 New construction in residential segment to drive market
    9.3 EUROPE 
           9.3.1 IMPACT OF RECESSION ON EUROPE
                    FIGURE 42 EUROPE: PAINTS & COATINGS MARKET SNAPSHOT
                    TABLE 241 MAJOR INFRASTRUCTURE PROJECTS IN EUROPE
                    TABLE 242 EUROPE: PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 243 EUROPE: PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 244 EUROPE: PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 245 EUROPE: PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 246 EUROPE: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 247 EUROPE: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 248 EUROPE: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 249 EUROPE: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 250 EUROPE: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 251 EUROPE: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 252 EUROPE: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 253 EUROPE: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 254 EUROPE: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION)
                    TABLE 255 EUROPE: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (USD MILLION)
                    TABLE 256 EUROPE: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (KILOTON)
                    TABLE 257 EUROPE: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (KILOTON)
                    TABLE 258 EUROPE: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION)
                    TABLE 259 EUROPE: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (USD MILLION)
                    TABLE 260 EUROPE: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (KILOTON)
                    TABLE 261 EUROPE: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (KILOTON)
                    TABLE 262 EUROPE: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                    TABLE 263 EUROPE: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION)
                    TABLE 264 EUROPE: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (KILOTON)
                    TABLE 265 EUROPE: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (KILOTON)
                    TABLE 266 EUROPE: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                    TABLE 267 EUROPE: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION)
                    TABLE 268 EUROPE: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (KILOTON)
                    TABLE 269 EUROPE: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (KILOTON)
                    TABLE 270 EUROPE: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 271 EUROPE: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                    TABLE 272 EUROPE: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 273 EUROPE: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                    TABLE 274 EUROPE: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 275 EUROPE: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                    TABLE 276 EUROPE: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 277 EUROPE: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
           9.3.2 GERMANY
                    9.3.2.1 Favorable economic environment and rising demand for new homes to drive growth
           9.3.3 RUSSIA
                    9.3.3.1 Growing population leading to rise in applications of architectural paints & coatings
           9.3.4 UK
                    9.3.4.1 Growing construction sector along with government spending to boost demand
           9.3.5 FRANCE
                    9.3.5.1 Reviving economy coupled with investments in infrastructure to boost demand
           9.3.6 ITALY
                    9.3.6.1 New project finance rules and investment policies to boost market growth
           9.3.7 SPAIN
                    9.3.7.1 Increase in housing units to boost demand for paints & coatings
           9.3.8 TURKEY
                    9.3.8.1 Rapid urbanization and diversification in consumer goods to impact market positively
           9.3.9 REST OF EUROPE
    9.4 ASIA PACIFIC 
           9.4.1 IMPACT OF RECESSION ON ASIA PACIFIC
                    FIGURE 43 ASIA PACIFIC: PAINTS & COATINGS MARKET SNAPSHOT
                    TABLE 278 ASIA PACIFIC: PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 279 ASIA PACIFIC: PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 280 ASIA PACIFIC: PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 281 ASIA PACIFIC: PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 282 ASIA PACIFIC: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 283 ASIA PACIFIC: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 284 ASIA PACIFIC: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 285 ASIA PACIFIC: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 286 ASIA PACIFIC: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 287 ASIA PACIFIC: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 288 ASIA PACIFIC: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 289 ASIA PACIFIC: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 290 ASIA PACIFIC: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION)
                    TABLE 291 ASIA PACIFIC: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (USD MILLION)
                    TABLE 292 ASIA PACIFIC: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (KILOTON)
                    TABLE 293 ASIA PACIFIC: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (KILOTON)
                    TABLE 294 ASIA PACIFIC: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION)
                    TABLE 295 ASIA PACIFIC: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (USD MILLION)
                    TABLE 296 ASIA PACIFIC: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (KILOTON)
                    TABLE 297 ASIA PACIFIC: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (KILOTON)
                    TABLE 298 ASIA PACIFIC: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                    TABLE 299 ASIA PACIFIC: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION)
                    TABLE 300 ASIA PACIFIC: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (KILOTON)
                    TABLE 301 ASIA PACIFIC: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (KILOTON)
                    TABLE 302 ASIA PACIFIC: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                    TABLE 303 ASIA PACIFIC: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION)
                    TABLE 304 ASIA PACIFIC: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (KILOTON)
                    TABLE 305 ASIA PACIFIC: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (KILOTON)
                    TABLE 306 ASIA PACIFIC: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 307 ASIA PACIFIC: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                    TABLE 308 ASIA PACIFIC: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 309 ASIA PACIFIC: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                    TABLE 310 ASIA PACIFIC: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 311 ASIA PACIFIC: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                    TABLE 312 ASIA PACIFIC: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 313 ASIA PACIFIC: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
           9.4.2 CHINA
                    9.4.2.1 Foreign investments to drive market
                                TABLE 314 CHINA’S TOP INFRASTRUCTURE PROJECTS
           9.4.3 INDIA
                    9.4.3.1 Boom in real estate sector to drive market
                                TABLE 315 UPCOMING INFRASTRUCTURE PROJECTS IN INDIA
           9.4.4 JAPAN
                    9.4.4.1 Investments in infrastructural markets by public and private sectors to boost demand
                                TABLE 316 MEGA INFRASTRUCTURE PROJECTS IN JAPAN
           9.4.5 INDONESIA
                    9.4.5.1 Increasing penetration of Japanese car manufacturers to drive market growth
           9.4.6 THAILAND
                    9.4.6.1 Automotive industry to contribute significantly to market growth
           9.4.7 REST OF ASIA PACIFIC
    9.5 MIDDLE EAST & AFRICA 
           9.5.1 IMPACT OF RECESSION ON MIDDLE EAST & AFRICA
                    FIGURE 44 MIDDLE EAST & AFRICA: PAINTS & COATINGS MARKET SNAPSHOT
                    TABLE 317 MIDDLE EAST & AFRICA: PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 318 MIDDLE EAST & AFRICA: PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 319 MIDDLE EAST & AFRICA: PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 320 MIDDLE EAST & AFRICA: PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 321 MIDDLE EAST & AFRICA: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 322 MIDDLE EAST & AFRICA: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 323 MIDDLE EAST & AFRICA: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 324 MIDDLE EAST & AFRICA: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 325 MIDDLE EAST & AFRICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 326 MIDDLE EAST & AFRICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 327 MIDDLE EAST & AFRICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 328 MIDDLE EAST & AFRICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 329 MIDDLE EAST & AFRICA: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION)
                    TABLE 330 MIDDLE EAST & AFRICA: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (USD MILLION)
                    TABLE 331 MIDDLE EAST & AFRICA: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (KILOTON)
                    TABLE 332 MIDDLE EAST & AFRICA: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (KILOTON)
                    TABLE 333 MIDDLE EAST & AFRICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION)
                    TABLE 334 MIDDLE EAST & AFRICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (USD MILLION)
                    TABLE 335 MIDDLE EAST & AFRICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (KILOTON)
                    TABLE 336 MIDDLE EAST & AFRICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (KILOTON)
                    TABLE 337 MIDDLE EAST & AFRICA: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                    TABLE 338 MIDDLE EAST & AFRICA: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION)
                    TABLE 339 MIDDLE EAST & AFRICA: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (KILOTON)
                    TABLE 340 MIDDLE EAST & AFRICA: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (KILOTON)
                    TABLE 341 MIDDLE EAST & AFRICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                    TABLE 342 MIDDLE EAST & AFRICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION)
                    TABLE 343 MIDDLE EAST & AFRICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (KILOTON)
                    TABLE 344 MIDDLE EAST & AFRICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (KILOTON)
                    TABLE 345 MIDDLE EAST & AFRICA: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 346 MIDDLE EAST & AFRICA: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                    TABLE 347 MIDDLE EAST & AFRICA: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 348 MIDDLE EAST & AFRICA: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                    TABLE 349 MIDDLE EAST & AFRICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 350 MIDDLE EAST & AFRICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                    TABLE 351 MIDDLE EAST & AFRICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 352 MIDDLE EAST & AFRICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
           9.5.2 SAUDI ARABIA
                    9.5.2.1 Significant government investments in infrastructure development to boost tourism
           9.5.3 SOUTH AFRICA
                    9.5.3.1 Significant demand for architectural coatings in building projects to boost market
           9.5.4 EGYPT
                    9.5.4.1 Significant increase in construction activity to drive paints & coatings market
           9.5.5 REST OF MIDDLE EAST & AFRICA
    9.6 SOUTH AMERICA 
           9.6.1 IMPACT OF RECESSION ON SOUTH AMERICA
                    FIGURE 45 BRAZIL TO REGISTER HIGHEST CAGR BETWEEN 2022 AND 2027
                    TABLE 353 SOUTH AMERICA: PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 354 SOUTH AMERICA: PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 355 SOUTH AMERICA: PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 356 SOUTH AMERICA: PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 357 SOUTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 358 SOUTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 359 SOUTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 360 SOUTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 361 SOUTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 362 SOUTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 363 SOUTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 364 SOUTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 365 SOUTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION)
                    TABLE 366 SOUTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (USD MILLION)
                    TABLE 367 SOUTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (KILOTON)
                    TABLE 368 SOUTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (KILOTON)
                    TABLE 369 SOUTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION)
                    TABLE 370 SOUTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (USD MILLION)
                    TABLE 371 SOUTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2017–2020 (KILOTON)
                    TABLE 372 SOUTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY RESIN TYPE, 2021–2027 (KILOTON)
                    TABLE 373 SOUTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                    TABLE 374 SOUTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION)
                    TABLE 375 SOUTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (KILOTON)
                    TABLE 376 SOUTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (KILOTON)
                    TABLE 377 SOUTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                    TABLE 378 SOUTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION)
                    TABLE 379 SOUTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2017–2020 (KILOTON)
                    TABLE 380 SOUTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2021–2027 (KILOTON)
                    TABLE 381 SOUTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 382 SOUTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                    TABLE 383 SOUTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 384 SOUTH AMERICA: DECORATIVE PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                    TABLE 385 SOUTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 386 SOUTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                    TABLE 387 SOUTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 388 SOUTH AMERICA: INDUSTRIAL PAINTS & COATINGS MARKET, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
           9.6.2 BRAZIL
                    9.6.2.1 Investment partnership program to promote private-sector participation in infrastructure development
           9.6.3 ARGENTINA
                    9.6.3.1 Increase in population and improved economic conditions to drive demand
           9.6.4 REST OF SOUTH AMERICA
 
10 COMPETITIVE LANDSCAPE (Page No. - 294)
     10.1 OVERVIEW 
             TABLE 389 OVERVIEW OF STRATEGIES ADOPTED BY KEY PAINTS & COATINGS PLAYERS (2016–2023)
     10.2 COMPANY EVALUATION QUADRANT MATRIX, 2021 
             10.2.1 STARS
             10.2.2 EMERGING LEADERS
             10.2.3 PERVASIVE PLAYERS
             10.2.4 PARTICIPANTS
                        FIGURE 46 COMPANY EVALUATION QUADRANT, 2021
     10.3 COMPANY EVALUATION MATRIX FOR STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES), 2021 
             10.3.1 RESPONSIVE COMPANIES
             10.3.2 PROGRESSIVE COMPANIES
             10.3.3 STARTING BLOCKS
             10.3.4 DYNAMIC COMPANIES
                        FIGURE 47 COMPANY EVALUATION QUADRANT FOR SMES, 2021
     10.4 STRENGTH OF PRODUCT PORTFOLIO 
             FIGURE 48 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN PAINTS & COATINGS MARKET
     10.5 COMPETITIVE BENCHMARKING 
             TABLE 390 DETAILED LIST OF KEY STARTUPS/SMES
             TABLE 391 COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]
             TABLE 392 COMPANY EVALUATION MATRIX
     10.6 MARKET SHARE ANALYSIS 
             FIGURE 49 MARKET SHARE, BY KEY PLAYER (2021)
             TABLE 393 DEGREE OF COMPETITION, 2021
     10.7 MARKET RANKING ANALYSIS 
             FIGURE 50 MARKET RANKING ANALYSIS, 2021
     10.8 REVENUE ANALYSIS 
             FIGURE 51 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2017–2021
     10.9 COMPETITIVE SCENARIO 
             10.9.1 MARKET EVALUATION FRAMEWORK
                        TABLE 394 STRATEGIC DEVELOPMENTS, BY COMPANY
                        TABLE 395 HIGHEST ADOPTED STRATEGIES
                        TABLE 396 NUMBER OF GROWTH STRATEGIES ADOPTED BY KEY COMPANIES
             10.9.2 MARKET EVALUATION MATRIX
                        TABLE 397 COMPANY INDUSTRY FOOTPRINT
                        TABLE 398 COMPANY REGION FOOTPRINT
                        TABLE 399 COMPANY FOOTPRINT
     10.1 STRATEGIC DEVELOPMENTS 
             10.10.1 PRODUCT LAUNCHES, 2016–2023
                        TABLE 400 PRODUCT LAUNCHES, 2016–2023
             10.10.2 DEALS, 2016–2023
                        TABLE 401 DEALS, 2016–2023
             10.10.3 OTHER DEVELOPMENTS, 2016–2023
                        TABLE 402 OTHER DEVELOPMENTS, 2016–2023
 
11 COMPANY PROFILES (Page No. - 325)
(Business Overview, Products/Solutions/Services offered, Recent Developments, Deals, MnM view, Key Right to win, Strategic choices, Weakness competitive threats)*
     11.1 MAJOR PLAYERS 
             11.1.1 AKZONOBEL N.V.
                        TABLE 403 AKZONOBEL N.V.: COMPANY OVERVIEW
                        FIGURE 52 AKZONOBEL N.V.: COMPANY SNAPSHOT
                        TABLE 404 AKZONOBEL N.V.: PRODUCT LAUNCHES
                        TABLE 405 AKZONOBEL N.V.: DEALS
             11.1.2 PPG INDUSTRIES
                        TABLE 406 PPG INDUSTRIES: COMPANY OVERVIEW
                        FIGURE 53 PPG INDUSTRIES: COMPANY SNAPSHOT
                        TABLE 407 PPG INDUSTRIES: PRODUCT LAUNCHES
                        TABLE 408 PPG INDUSTRIES: DEALS
                        TABLE 409 PPG INDUSTRIES: OTHERS
             11.1.3 SHERWIN-WILLIAMS COMPANY
                        TABLE 410 SHERWIN-WILLIAMS COMPANY: COMPANY OVERVIEW
                        FIGURE 54 SHERWIN-WILLIAMS COMPANY: COMPANY SNAPSHOT
                        TABLE 411 SHERWIN-WILLIAMS COMPANY: PRODUCT LAUNCHES
                        TABLE 412 SHERWIN-WILLIAMS COMPANY: DEALS
             11.1.4 AXALTA COATING SYSTEMS LLC
                        TABLE 413 AXALTA COATING SYSTEMS LLC: COMPANY OVERVIEW
                        FIGURE 55 AXALTA COATING SYSTEMS LLC: COMPANY SNAPSHOT
                        TABLE 414 AXALTA COATING SYSTEMS LLC: PRODUCT LAUNCHES
                        TABLE 415 AXALTA COATING SYSTEMS LLC: DEALS
             11.1.5 JOTUN A/S
                        TABLE 416 JOTUN A/S: COMPANY OVERVIEW
                        FIGURE 56 JOTUN A/S: COMPANY SNAPSHOT
                        TABLE 417 JOTUN A/S: PRODUCT LAUNCHES
                        TABLE 418 JOTUN A/S: DEALS
             11.1.6 NIPPON PAINT HOLDINGS CO., LTD.
                        TABLE 419 NIPPON PAINT HOLDINGS CO., LTD.: COMPANY OVERVIEW
                        FIGURE 57 NIPPON PAINT HOLDINGS CO., LTD.: COMPANY SNAPSHOT
                        TABLE 420 NIPPON PAINT HOLDINGS CO., LTD.: PRODUCT LAUNCHES
                        TABLE 421 NIPPON PAINT HOLDINGS CO., LTD.: DEALS
             11.1.7 ASIAN PAINTS LIMITED
                        TABLE 422 ASIAN PAINTS LIMITED: COMPANY OVERVIEW
                        FIGURE 58 ASIAN PAINTS LIMITED: COMPANY SNAPSHOT
                        TABLE 423 ASIAN PAINTS LIMITED: PRODUCT LAUNCHES
                        TABLE 424 ASIAN PAINTS LIMITED: DEALS
             11.1.8 KANSAI PAINT CO., LTD.
                        TABLE 425 KANSAI PAINTS CO., LTD.: COMPANY OVERVIEW
                        FIGURE 59 KANSAI PAINTS CO., LTD.: COMPANY SNAPSHOT
                        TABLE 426 KANSAI PAINTS CO., LTD.: PRODUCT LAUNCHES
                        TABLE 427 KANSAI PAINTS CO., LTD.: DEALS
             11.1.9 RPM INTERNATIONAL INC.
                        TABLE 428 RPM INTERNATIONAL INC.: COMPANY OVERVIEW
                        FIGURE 60 RPM INTERNATIONAL INC.: COMPANY SNAPSHOT
                        TABLE 429 RPM INTERNATIONAL INC.: DEALS
             11.1.10 BASF COATINGS GMBH
                        TABLE 430 BASF COATINGS GMBH: COMPANY OVERVIEW
                        FIGURE 61 BASF COATINGS GMBH: COMPANY SNAPSHOT
                        TABLE 431 BASF COATINGS GMBH: PRODUCT LAUNCHES
                        TABLE 432 BASF COATINGS GMBH: DEALS
     11.2 OTHER COMPANIES 
             11.2.1 HEMPEL A/S
                        TABLE 433 HEMPEL A/S: PRODUCT LAUNCHES
                        TABLE 434 HEMPEL A/S: DEALS
             11.2.2 BERGER PAINTS INDIA LIMITED
                        TABLE 435 BERGER PAINTS INDIA LIMITED: DEALS
             11.2.3 SHALIMAR PAINTS
                        TABLE 436 SHALIMAR PAINTS: PRODUCT LAUNCHES
                        TABLE 437 SHALIMAR PAINTS: DEALS
             11.2.4 MASCO CORPORATION
             11.2.5 SK KAKEN CO., LTD.
             11.2.6 BECKERS GROUP
                        TABLE 438 BECKERS GROUP: PRODUCT LAUNCHES
                        TABLE 439 BECKERS GROUP: DEALS
             11.2.7 FUJIKURA KASEI CO., LTD.
             11.2.8 TIGER COATINGS GMBH & CO. KG
             11.2.9 SACAL INTERNATIONAL GROUP LTD.
             11.2.10 DIAMOND VOGEL PAINT COMPANY
             11.2.11 VISTA PAINT CORPORATION
             11.2.12 INDIGO PAINTS PVT. LTD.
             11.2.13 KELLY-MOORE PAINTS
             11.2.14 DAW SE
                        TABLE 440 DAW SE: DEALS
             11.2.15 H-I-S COATINGS & PAINT MANUFACTURING CO.
 
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, Deals, MnM view, Key Right to win, Strategic choices, Weakness competitive threats might not be captured in case of unlisted companies.
 
12 ADJACENT/RELATED MARKETS (Page No. - 399)
     12.1 INTRODUCTION 
     12.2 LIMITATIONS 
     12.3 ECOSYSTEM ANALYSIS 
             FIGURE 62 PAINTS & COATINGS: ECOSYSTEM
     12.4 AUTOMOTIVE COATINGS 
             12.4.1 MARKET DEFINITION
             12.4.2 MARKET OVERVIEW
     12.5 AUTOMOTIVE COATINGS MARKET, BY RESIN TYPE 
             TABLE 441 AUTOMOTIVE COATINGS MARKET, BY RESIN TYPE, 2018–2021 (USD MILLION)
             TABLE 442 AUTOMOTIVE COATINGS MARKET, BY RESIN TYPE, 2022–2027 (USD MILLION)
             TABLE 443 AUTOMOTIVE COATINGS MARKET, BY RESIN TYPE, 2018–2021 (KILOTON)
             TABLE 444 AUTOMOTIVE COATINGS MARKET, BY RESIN TYPE, 2022–2027 (KILOTON)
             12.5.1 POLYURETHANE
                        12.5.1.1 Environment-friendliness and excellent strength- to-weight ratio properties to drive market
             12.5.2 EPOXY
                        12.5.2.1 high adhesion and resistance to rust to drive market
             12.5.3 ACRYLIC
                        12.5.3.1 Resistance to abrasion and chemical attacks to drive market
             12.5.4 OTHERS
     12.6 AUTOMOTIVE COATINGS MARKET, BY TECHNOLOGY 
             TABLE 445 AUTOMOTIVE COATINGS MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
             TABLE 446 AUTOMOTIVE COATINGS MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             TABLE 447 AUTOMOTIVE COATINGS MARKET, BY TECHNOLOGY, 2018–2021 (KILOTON)
             TABLE 448 AUTOMOTIVE COATINGS MARKET, BY TECHNOLOGY, 2022–2027 (KILOTON)
             12.6.1 SOLVENT-BASED
                        12.6.1.1 Higher durability and low sensitivity to base underneath to drive market
             12.6.2 WATER-BASED
                        12.6.2.1 Environmentally friendly and low clearcoat requirements to drive market
             12.6.3 POWDER-BASED
                        12.6.3.1 abrasion and corrosion resistance properties to drive market
     12.7 AUTOMOTIVE COATINGS MARKET, BY COAT TYPE 
             TABLE 449 AUTOMOTIVE COATINGS MARKET, BY COAT TYPE, 2018–2021 (USD MILLION)
             TABLE 450 AUTOMOTIVE COATINGS MARKET, BY COAT TYPE, 2022–2027 (USD MILLION)
             TABLE 451 AUTOMOTIVE COATINGS MARKET, BY COAT TYPE, 2018–2021 (KILOTON)
             TABLE 452 AUTOMOTIVE COATINGS MARKET, BY COAT TYPE, 2022–2027 (KILOTON)
             12.7.1 E-COAT
                        12.7.1.1 Economical and high protection offering to drive market
             12.7.2 PRIMER
                        12.7.2.1 superior adhesion to topcoats to drive market
             12.7.3 BASECOAT
                        12.7.3.1 ReduceD downtime and maintenance to drive market
             12.7.4 CLEARCOAT
                        12.7.4.1 Valuable Body Protection to drive market
     12.8 AUTOMOTIVE COATINGS MARKET, BY REGION 
             TABLE 453 AUTOMOTIVE COATINGS MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 454 AUTOMOTIVE COATINGS MARKET, BY REGION, 2022–2027 (USD MILLION)
             TABLE 455 AUTOMOTIVE COATINGS MARKET, BY REGION, 2018–2021 (KILOTON)
             TABLE 456 AUTOMOTIVE COATINGS MARKET, BY REGION, 2022–2027 (KILOTON)
             12.8.1 NORTH AMERICA
             12.8.2 EUROPE
             12.8.3 ASIA PACIFIC
             12.8.4 SOUTH AMERICA
             12.8.5 MIDDLE EAST & AFRICA
 
13 APPENDIX (Page No. - 413)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 

The study involved four major activities in estimating the current size of the paints and coatings market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred to for this research study include financial statements of companies offering paints and coatings information from various trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the paints and coatings market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after obtaining information regarding the paints and coatings market scenario through secondary research. Several primary interviews were conducted with market experts from both, the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Primary data was collected through questionnaires, emails, and telephonic interview. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors, from business development, marketing, product development/innovation teams, and related key executives from paints and coatings vendors; raw material suppliers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, resin type, end use industry, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, and installation teams of the customer/end users who are using paints and coatings were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of paints and coatings and future outlook of their business which will affect the overall market.

The breakup of Primary Research:

Paints & Coatings Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Company Name

Designation

Hempel A/S

Director

Jotun A/S

Project Manager

The Sherwin-Williams Company

Individual Industry Expert

AkzoNobel N.V.

Director

Market Size Estimation

The research methodology used to estimate the size of the paints and coatings market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations in the architectural and industrial at a regional level. Such procurements provide information on the demand aspects of paints and coatings.

Global Paints and Coatings Market Size: Bottom Up Approach

Paints & Coatings Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Global Paints and Coatings Market Size: Top-Down Approach

Paints & Coatings Market Size, and Share

Data Triangulation

After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Market Definition

Paints and coatings are generally applied to surfaces of architectural and industrial structures such as marine, automotive, wood, packaging, bridges, buildings, and roads or parts of stationary structures that include facades, pavements, and prefabricated materials. These paints and coatings can be used for protection and aesthetic purposes.

Key Stakeholders

  • End User
  • Raw Material Suppliers
  • Senior Management
  • Procurement Department

Report Objectives

  • To define, describe, segment, and forecast the size of the paints and coatings market based on technology, resin type, end use industry, and region.
  • To forecast the market size of segments with respect to various regions, including North America, Europe, Asia Pacific, South America, Middle East & Africa, along with major countries in each region
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the paints and coatings market
  • To analyze technological advancements and product launches in the market
  • To strategically analyze micromarkets, with respect to their growth trends, prospects, and their contribution to the market
  • To identify financial positions, key products, and key developments of leading companies in the market
  • To provide a detailed competitive landscape of the market, along with market share analysis
  • To provide a comprehensive analysis of business and corporate strategies adopted by the key players in the market
  • To strategically profile key players in the market and comprehensively analyze their core competencies

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the paints and coatings market
  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the Paints and Coatings Market
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
CH 3190
Published ON
Jan, 2023
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