Paints & Coatings Market

PPG Industries, Inc. (US) and PPG Industries (US) are the Key Players in the Paints & Coatings Market

The Paints & Coatings market is projected to grow from USD 184 Billion in 2021 to USD 212 Billion by 2026, at a CAGR of 2.9% between 2021 and 2026. Asia Pacific is the largest consumer of Paints & Coatings. The global Paints & Coatings market is driven by the increasing demand from the construction and automotive industries.

The key players operating in the market are AkzoNobel N.V. (Netherlands), PPG Industries (US), Sherwin-Williams (US), RPM International (US), and Nippon Paint (Japan). These players have adopted various strategies, such as mergers & acquisition, investment & expansion, and new product launch to grow in the market. Mergers & acquisitions is the key strategy adopted by the major players between 2020 and 2026. This strategy helped companies enhance their global presence.

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PPG Industries, Inc. (US) manufactures and distributes coatings, optical & specialty materials, and glass products. The company operates through five segments, namely, performance coatings, industrial coatings, architectural coatings, optical & specialty materials, and glass. It also provides industrial and automotive coatings to manufacturing companies, adhesives & sealants to the automotive industry, metal pretreatments & related chemicals for industrial and automotive applications, and packaging coatings to aerosol, food, and beverage container manufacturers.

Axalta Coating Systems LLC is a diversified coatings company. It mainly operates through two segments, performance coatings and transportation coatings. The performance coatings segment is further subsegmented into refinish and industrial, and the transportation segment into light vehicle and commercial vehicle. The company manufactures liquid coatings and powder coatings which are used for various applications such as automotive OEMs, automotive refinish, transportation, general industrial, and architectural & decorative coatings. Axalta Coating Systems LLC has a strong customer base and operates in various countries in Europe, North America, Asia Pacific, and the Middle East & Africa.

Related Reports:

Paints & Coatings Market by Resin (Acrylic, Alkyd, Epoxy, PU, Vinyl, Fluoropolymer, Polyester), Technology (Waterborne, Solventborne, Powder), Application (Architectural (Residential, Non-residential), Industrial), and Region - Global Forecast to 2026

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Paints & Coatings Market Size,  Share & Growth Report
Report Code
CH 3190
RI Published ON
1/18/2022
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