HOME › Top Market Reports › Paints & Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Water-Based, Solvent-Based, High Solids, Powder), Application (Architectural & Industrial), and Region - Global Forecasts to 2022

Paints & Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Water-Based, Solvent-Based, High Solids, Powder), Application (Architectural & Industrial), and Region - Global Forecasts to 2022

By: marketsandmarkets.com
Publishing Date: May 2017
Report Code: CH 3190

The paints & coatings market is projected to grow from USD 160.54 Billion in 2017 to USD 209.36 Billion by 2022, at a CAGR of 5.45% during the forecast period. In this study, 2016 has been considered as the base year to estimate the size of the paints & coatings market. The report provides the market forecast from 2017 to 2022.

The objectives of this study are:

To analyze and forecast the size of the paints & coatings market, in terms of value and volume
To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
To define, describe, and forecast the market on the basis of resin type, technology, and application
To analyze and forecast the paints & coatings market on the basis of key regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America
To analyze the opportunities in the market for stakeholders and provide competitive landscape of the market
To analyze competitive developments, such as expansions, new product launches, and mergers & acquisitions in the paints & coatings market
To strategically profile key players and comprehensively analyze their market share and core competencies

This research study involves extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information useful for this technical, market-oriented, and commercial study of the paints & coatings market. The primary sources mainly include several industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during the research study:

Paints & Coatings Market

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

Some of the leading manufacturers of paints & coatings include AkzoNobel N.V. (Netherlands), PPG Industries (U.S.), Axalta Coatings Systems (U.S.), BASF Coatings GmbH (Germany), The Sherwin-Williams Company (U.S.), Asian Paints (India), Kansai Paints (Japan), Jotun A/S (Norway), RPM International (U.S.), Hempel A/S (Denmark), and Nippon Paint Holdings Co., Ltd. (Japan), among others.

Key Target Audience:

Manufacturers of Paints & Coatings
Raw Material Suppliers
Manufacturers of Resins and Other Feedstock Chemicals
Manufacturers of Important Intermediate Chemicals
Government Agencies or Organizations
Research Institutions and Organizations
End-use Industries (construction, automotive, wood, coil, marine, rail, aerospace, transportation, and packaging)
Traders, Distributors, and Suppliers of Paints & Coatings
Regional Chemical Manufacturers’ Associations

Scope of the Report:

This research report categorizes the paints & coatings market based on resin type, technology, application, and region.

Paints & Coatings Market, By Resin Type:

Polyurethanes
Acrylic
Polyesters
Epoxy
Alkyd
Others

Paints & Coatings Market, By Technology:

Water-based
Solvent-based
High Solids
Powder
Others

Paints & Coatings Market, By Application:

Architectural
Industrial

Paints & Coatings Market, By Region:

North America
Europe
Asia-Pacific
Middle East & Africa
South America

The market is further analyzed for key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to specific needs of the companies. The following customization options are available for the report:

Regional Analysis:

Regional analysis of the paints & coatings market, by application

Company Information:

Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Markets Scope
           1.3.1 Year Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Industry Insights
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities
    4.2 Paints & Coatings Market, By Application
    4.3 Paints & Coatings Market: Developed vs Developing Nations
    4.4 Asia-Pacific: Paints & Coatings Market, By Technology and Country
    4.5 Paints & Coatings Market Attractiveness

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Green Environmental Regulations
                    5.2.1.2 Provision of Durable Coatings With Better Performance and Aesthetics
                    5.2.1.3 Growing Popularity of Elastomeric Coating in Tilt-Up Concrete in Building & Construction
                    5.2.1.4 Increasing Demand From End-Use Industries
           5.2.2 Restraints
                    5.2.2.1 Difficulty in Obtaining Thin Films in Powder Coating
                    5.2.2.2 Requirement of More Drying Time for Water-Based Coatings
                    5.2.2.3 Difficulty in Transportation of Coil Coatings in the Developing Countries
           5.2.3 Opportunities
                    5.2.3.1 Increasing Applications of Fluoropolymer in the 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 and Regulatory Policies
                    5.2.4.2 Environmental Challenges With Respect to Wastewater Discharge
    5.3 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

6 Paints & Coatings Market, By Resin Type (Page No. - 42)
    6.1 Introduction
    6.2 Acrylic
    6.3 Epoxy Resin
    6.4 Alkyd
    6.5 Polyurethane
    6.6 Polyester
    6.7 Others

7 Paints & Coatings Market Analysis, By Technology (Page No. - 52)
    7.1 Introduction
    7.2 Water-Based Technology
    7.3 Solvent-Based Technology
    7.4 High Solids
    7.5 Powder Coating
    7.6 Others

8 Paints & Coatings Market, By Application (Page No. - 61)
    8.1 Introduction
    8.2 Architectural Application
           8.2.1 Residential
           8.2.2 Non-Residential
           8.2.3 Infrastructure
    8.3 Industrial Application
           8.3.1 General Industrial
           8.3.2 Automotive OEM
           8.3.3 Automotive Refinish
           8.3.4 Wood Coating
           8.3.5 Marine Coating
           8.3.6 Coil Coating
           8.3.7 Packaging Coating
           8.3.8 Aerospace Coatings
           8.3.9 Others

9 Paints & Coatings Market, By Region (Page No. - 71)
    9.1 Introduction
    9.2 Asia-Pacific
           9.2.1 China
           9.2.2 Japan
           9.2.3 India
           9.2.4 South Korea
           9.2.5 Indonesia
           9.2.6 Thailand
           9.2.7 Vietnam
           9.2.8 Rest of Asia-Pacific
    9.3 Europe
           9.3.1 Germany
           9.3.2 Russia
           9.3.3 France
           9.3.4 U.K.
           9.3.5 Italy
           9.3.6 Turkey
           9.3.7 Spain
           9.3.8 Rest of Europe
    9.4 North America
           9.4.1 U.S.
           9.4.2 Canada
           9.4.3 Mexico
    9.5 Middle East & Africa
           9.5.1 Saudi Arabia
           9.5.2 Egypt
           9.5.3 South Africa
           9.5.4 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
           9.6.2 Argentina
           9.6.3 Rest of South America

10 Competitive Landscape (Page No. - 115)
     10.1 Introduction
     10.2 Dive Analysis for Paints & Coatings:
     10.3 Competitive Benchmarking
             10.3.1 Product Offerings
             10.3.2 Business Strategy

11 Company Profiles (Page No. - 119)
(Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, MnM View)*
     11.1 Akzonobel N.V.
     11.2 PPG Industries
     11.3 Sherwin-Williams Company
     11.4 Axalta Coating System LLC
     11.5 Jotun A/S
     11.6 Nippon Paint Holdings Co., Ltd.
     11.7 Asian Paints Limited
     11.8 Kansai Paints Co., Ltd.
     11.9 RPM International Inc
     11.10 Valspar Corporation
     11.11 Tikkurila OYJ
     11.12 Hempel A/S
     11.13 Berger Paints India Limited
     11.14 Shalimar Paints
     11.15 S K Kaken Co., Ltd
     11.16 Masco Corporation
     11.17 Beckers Group
     11.18 Dunn-Edwards Corporation
     11.19 Tiger Coatings GmbH & Co. Kg
     11.20 Sacal Inetrnational Group Ltd.
     11.21 Diamond Vogel Paints
     11.22 Vista Paints Corporation
     11.23 Indigo Paints Pvt Ltd
     11.24 Kelly-Moore Paints
     11.25 BASF Coatings GmbH

*Details on Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 169)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets Subscription Portal
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details

List of Tables (131 Tables)

Table 1 Paints & Coatings Market Snapshot (2017 vs 2022)
Table 2 Paints & Coatings Market Size, By Resin Type, 2015–2022 (Kiloton)
Table 3 Paints & Coatings Market Size, By Resin Type, 2015–2022 (USD Million)
Table 4 Acrylic Resin Market Size, By Region, 2015–2022 (Kiloton)
Table 5 Acrylic Resin Market Size, By Region, 2015–2022 (USD Million)
Table 6 Epoxy Resin Market Size, By Region, 2015–2022 (Kiloton)
Table 7 Epoxy Resin Market Size, By Region, 2015–2022 (USD Million)
Table 8 Alkyd Resin Market Size, By Region, 2015–2022 (Kiloton)
Table 9 Alkyd Resin Market Size, By Region, 2015–2022 (USD Million)
Table 10 Polyurethane Resin Market Size, By Region, 2015–2022 (Kiloton)
Table 11 Polyurethane Resin Market Size, By Region, 2015–2022 (USD Million)
Table 12 Polyester Resin Market Size, By Region, 2015–2022 (Kiloton)
Table 13 Polyester Resin Market Size, By Region, 2015–2022 (USD Million)
Table 14 Other Resins Market Size, By Region, 2015–2022 (Kiloton)
Table 15 Other Resins Market Size, By Region, 2015–2022 (USD Million)
Table 16 Paints & Coatings Market Size, By Technology, 2015–2022 (Kiloton)
Table 17 Paints & Coatings Market Size, By Technology, 2015–2022 (USD Million)
Table 18 Water-Based Paints & Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 19 Water-Based Paints & Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 20 Solvent-Based Paints & Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 21 Solvent-Based Paints & Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 22 High Solids Paints & Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 23 High Solids Paints & Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 24 Powder Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 25 Powder Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 26 Other Paints & Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 27 Other Paints & Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 28 Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 29 Paints & Coatings Market Size, By Application, 2015–2020 (USD Million)
Table 30 Paints & Coatings Market Size in Architectural Application, By Region, 2015–2022 (Kiloton)
Table 31 Paints & Coatings Market Size in Architectural Application, By Region, 2015–2022 (USD Million)
Table 32 Paints & Coatings Market Size in Architectural Application, By End-Use Industry 2015–2022 (Kiloton)
Table 33 Paints & Coatings Market Size in Architectural Application, By End-Use Industry, 2015–2022 (USD Million)
Table 34 Paints & Coatings Market Size in Industrial Application, By Region, 2015–2022 (Kiloton)
Table 35 Paints & Coatings Market Size in Industrial Application, By Region, 2015–2022 (USD Million)
Table 36 Paints & Coatings Market Size in Industrial Application, By End-Use Industry 2015–2022 (Kiloton)
Table 37 Paints & Coatings Market Size in Industrial Application, By End-Use Industry 2015–2022 (USD Million)
Table 38 Paints & Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 39 Paints & Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 40 Asia-Pacific: Paints & Coatings Market Size, By Country, 2015–2022 (Kiloton)
Table 41 Asia-Pacific: Paints & Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 42 Asia-Pacific: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 43 Asia-Pacific: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 44 Asia-Pacific: Paints & Coatings Market Size in Architectural Application, By End-Use Industry 2015–2022 (Kiloton)
Table 45 Asia-Pacific: Paints & Coatings Market Size in Architectural Application, By End-Use Industry 2015–2022 (USD Million)
Table 46 Asia-Pacific: Paints & Coatings Market Size in Industrial Application, By End-Use Industry 2015–2022 (Kiloton)
Table 47 Paints & Coatings Market Size in Industrial Application, By End-Use Industry, 2015–2022 (USD Million)
Table 48 China: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 49 China: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 50 Japan: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 51 Japan: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 52 India: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 53 India: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 54 South Korea: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 55 South Korea: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 56 Indonesia: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 57 Indonesia: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 58 Thailand: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 59 Thailand: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 60 Vietnam: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 61 Vietnam: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 62 Rest of Asia-Pacific: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 63 Rest of Asia-Pacific: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 64 Europe: Paints & Coatings Market Size, By Country, 2015–2022 (Kiloton)
Table 65 Europe: Paints & Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 66 Europe: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 67 Europe: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 68 Europe: Paints & Coatings Market Size in Architectural Application, By End-Use Industry 2015–2022 (Kiloton)
Table 69 Europe: Paints & Coatings Market Size in Architectural Application, By End-Use Industry 2015–2022 (USD Million)
Table 70 Europe: Paints & Coatings Market Size in Industrial Application, By End-Use Industry 2015–2022 (Kiloton)
Table 71 Europe: Paints & Coatings Market Size in Industrial Application, By End-Use Industry 2015–2022 (USD Million)
Table 72 Germany: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 73 Germany: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 74 Russia: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 75 Russia: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 76 France: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 77 France: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 78 U.K.: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 79 U.K.: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 80 Italy: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 81 Italy: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 82 Turkey: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 83 Turkey: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 84 Spain: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 85 Spain: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 86 Rest of Europe: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 87 Rest of Europe: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 88 North America: Paints & Coatings Market Size, By Country, 2015–2022 (Kiloton)
Table 89 North America: Paints & Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 90 North America: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 91 North America: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 92 North America: Paints & Coatings Market Size in Architectural Application, By End-Use Industry 2015–2022 (Kiloton)
Table 93 North America: Paints & Coatings Market Size in Architectural Application, By End-Use Industry 2015–2022 (USD Million)
Table 94 North America: Paints & Coatings Market Size in Industrial Application, By End-Use Industry 2015–2022 (Kiloton)
Table 95 North America: Paints & Coatings Market Size in Industrial Application, By End-Use Industry 2015–2022 (USD Million)
Table 96 U.S.: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 97 U.S.: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 98 Canada: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 99 Canada: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 100 Mexico: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 101 Mexico: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 102 Middle East & Africa: Paints & Coatings Market Size, By Country, 2015–2022 (Kiloton)
Table 103 Middle East and Africa: Paints & Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 104 Middle East & Africa: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 105 Middle East & Africa: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 106 Middle East & Africa: Paints & Coatings Market Size in Architectural Application, By End-Use Industry 2015–2022 (Kiloton)
Table 107 Middle East & Africa: Paints & Coatings Market Size in Architectural Application, By End-Use Industry 2015–2022 (USD Million)
Table 108 Middle East & Africa: Paints & Coatings Market Size in Industrial Application, By End-Use Industry 2015–2022 (Kiloton)
Table 109 Middle East & Africa: Paints & Coatings Market Size in Industrial Application, By End-Use Industry 2015–2022 (USD Million)
Table 110 Saudi Arabia: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 111 Saudi Arabia: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 112 Egypt: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 113 Egypt: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 114 South Africa: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 115 South Africa: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 116 Rest of Middle East & Africa: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 117 Rest of Middle East & Africa: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 118 South America: Paints & Coatings Market Size, By Country, 2015–2022 (Kiloton)
Table 119 South America: Paints & Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 120 South America: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 121 South America: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 122 South America: Paints & Coatings Market Size in Architectural Application, By End-Use Industry 2015–2022 (Kiloton)
Table 123 South America: Paints & Coatings Market Size in Architectural Application, By End-Use Industry 2015–2022 (USD Million)
Table 124 South America: Paints & Coatings Market Size in Industrial Application, By End-Use Industry 2015–2022 (Kiloton)
Table 125 South America: Paints & Coatings Market Size in Industrial Application, By End-Use Industry 2015–2022 (USD Million)
Table 126 Brazil: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 127 Brazil: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 128 Argentina: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 129 Argentina: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 130 Rest of South America: Paints & Coatings Market Size, By Application, 2015–2022 (Kiloton)
Table 131 Rest of South America: Paints & Coatings Market Size, By Application, 2015–2022 (USD Million)

List of Figures (43 Figures)

Figure 1 Paints & Coatings: Market Segmentation
Figure 2 Paints & Coatings Market: Research Design
Figure 3 Key Data From Primary Sources
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Market Size Estimation: Top-Down Approach
Figure 6 Paints & Coatings Market: Data Triangulation
Figure 7 Research Assumptions
Figure 8 Paints & Coatings Market in Powder Coating Technology to Witness the Highest CAGR Between 2017 and 2022
Figure 9 Industrial Coating to Be the Fastest-Growing Application Between 2017 and 2022
Figure 10 Asia-Pacific Was the Largest Paints & Coatings Market in 2016 (Volume)
Figure 11 Emerging Economies to Offer Lucrative Growth Opportunities for Market Players Between 2017 and 2022
Figure 12 Paints & Coatings Market in Industrial Coatings Application to Witness the Highest CAGR Between 2017 and 2022
Figure 13 Paints & Coatings Market to Register A High CAGR in Developing Nations Than Developed Nations During the Forecast Period
Figure 14 Solvent-Based Technology Accounted for the Largest Share in Asia-Pacific Paints & Coatings Market, in 2016
Figure 15 Paints & Coatings Market in India to Register Highest CAGR During Forecast Period
Figure 16 Drivers, Restrains, Opportunities, and Challenges in the Paints & Coatings Market
Figure 17 Porter’s Five Forces Analysis
Figure 18 Acrylic Resins Dominate the Paints & Coatings Market During the Forecast Period
Figure 19 Water-Based Paints & Coatings to Dominate Between 2017 and 2022
Figure 20 Paints & Coating Market in Industrial Application to Register the Highest CAGR During Forecast Period
Figure 21 China is the Leading Paints & Coatings Market in Terms of Volume in 2016
Figure 22 Attractiveness of the Paints & Coatings Market in Asia-Pacific
Figure 23 Europe Market Snapshot: Paints & Coatings
Figure 24 North America Market Snapshot: Paints & Coatings
Figure 25 Dive Chart
Figure 26 Akzonobel N.V.: Company Snapshot
Figure 27 PPG Industries: Company Snapshot
Figure 28 Sherwin-Williams Company: Company Snapshot
Figure 29 Axalta Coating System LLC: Company Snapshot
Figure 30 Jotun A/S: Company Snapshot
Figure 31 Nippon Paints Holdings Co., Ltd: Company Snapshot
Figure 32 Asian Paints Limited: Company Snapshot
Figure 33 Kansai Paints Co. Ltd.: Company Snapshot
Figure 34 RPM International Inc: Company Snapshot
Figure 35 Valspar Corporation: Company Snapshots
Figure 36 Tikkurila OYJ: Company Snapshot
Figure 37 Hempel A/S: Company Snapshots
Figure 38 Berger Paints India Limited: Company Snapshot
Figure 39 Shalimar Paints: Company Snapshot
Figure 40 S K Kaken Co., Ltd.: Company Snapshots
Figure 41 Masco Corporation: Company Snapshots
Figure 42 Beckers Group: Company Snapshots
Figure 43 BASF Coatings GmbH: Company Snapshots

The paints & coatings market is projected to reach USD 209.36 Billion by 2022, at a CAGR 5.45% from 2017 to 2022. The market is largely driven by the increasing demand for paints & coatings from various end-use industries, such as construction, automotive, marine, protective, aerospace, transportation, rail coatings, wood coatings, packaging, and general industrial. The growth of the paints & coatings market can also be attributed to increased investments by the key players to launch efficient and cost-effective products, as well as for expansion and merger & acquisition activities. The growth of the middle-class population in emerging economies is one more important factor driving the paints & coatings market.

The paints & coatings market has been segmented on the basis of resin type, technology, application, and region. By resin type, the acrylic resin segment dominated the paints & coatings market in 2016. This dominance can be attributed to the growing use of acrylic resins in many applications, such as automotive, roof coating, wall coating, and construction.

By technology, the water-based paints & coatings segment accounted for more than 45% share, in terms of volume, of the overall paints & coatings market in 2016. The water-based paints & coatings find applications in automotive, interiors of coal cars, fly ash hoppers, plastic pellet hoppers, and the architectural sector, as they offer advantages such as less flammability, low VOC emissions, and stable viscosity during printing.

The architectural paints & coatings segment is the largest application segment of the paints & coatings market, in terms of volume. The demand from new residential and non-residential applications in the developed and developing countries is leading to the increased usage of architectural coatings.

Paints & Coatings Market

Asia-Pacific is the largest market for paints & coatings, having accounted for 49.56% share, in terms of volume, in 2016. There is an increased demand from construction in Asia-Pacific, which is mainly backed by the expansion of the region’s increasing household activities. This increased demand, in turn, drives the paints & coatings market in Asia-Pacific. Asia-Pacific is the fastest-growing paints & coatings market with most of the large manufacturers establishing their facilities in this region. Presence of some of the fastest-growing economies, such as China, India, and South Korea, and rising demand from construction and automotive industries play a crucial role in driving the paints & coatings market in the Asia-Pacific region.

The growth of the paints & coatings market mostly depends on the economic growth of different regions, which in itself is dependent on the global political situation. The political situation is critical in many regions of the world, which may deter the availability of some ink resins used as raw materials for the manufacturing of paints & coatings.

AkzoNobel N.V. (Netherlands), PPG Industries (U.S.), Axalta Coatings Systems (U.S.), BASF Coatings GmbH (Germany), The Sherwin-Williams Company (U.S.), Asian Paints (India), Kansai Paints (Japan), Jotun A/S (Norway), RPM International (U.S.), Hempel A/S (Denmark), and Nippon Paint Holdings Co., Ltd. (Japan) are some of the key players operating in the paints & coatings market.

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