The "Paints & Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Waterborne, Solventborne, Powder), Application (Architectural [Residential, Non-residential], Industrial), and Region - Global Forecasts to 2025" report has been added to ResearchAndMarkets.com's offering.
The global paints & coatings market is projected to grow from USD 147.2 billion in 2020 to USD 179.4 billion by 2025, at a CAGR of 4%, between 2020 and 2025.
The increasing urban population is a significant factor for the rising demand for building and construction, automotive, packaging. However, stringent government regulations in the paints & coatings industry are hampering the growth of the solvent borne coatings market.
The key companies profiled in this report are AkzoNobel N.V. (Netherlands), PPG Industries (US), The Sherwin-Williams Company (US), Nippon Paint Holding Co. Ltd. (Japan), and Axalta Coatings System LLC (US).
The waterborne technology segment is expected to hold the largest share of the overall paints & coatings market during the forecast period.
The waterborne technology segment accounted for the largest share of the overall paints & coatings market in 2019. Waterborne paints & coatings are used majorly in architectural applications and are also used in automotive, general industrial, protective, wood, marine, packaging, coil, and other industries, due to their low toxicity and flammability. The waterborne segment is expected to grow on the backbone of the building and construction industry, which is anticipated to witness good growth, mainly in the developing countries.
The paints & coatings market in the architectural end-use industry is expected to witness the highest CAGR during the forecast period.
Architectural paints & coatings, also known as decorative paints & coatings or building paints, are applied on the interior and exterior walls of all kinds of residential, commercial, industrial, and institutional buildings. Architectural coatings also find application in decorative interiors such as wall paintings, wood flooring, sculptures, and furniture. Increase in environmental awareness has led to innovations in the coating industry to provide affordable quality products, of high quality, possess value-added features, and meet global trends.
APAC paints & coatings market is estimated to register the highest CAGR during the forecast period.
The APAC paints & coatings market is segmented into China, Japan, India, Indonesia, Thailand, and Rest of APAC. The APAC region is a lucrative market for paints & coatings owing to the increasing demand from industrial applications and improving economic conditions. Product innovations, new research and development projects, and increasing demand from various end-use industries have also fueled the demand for paints & coatings in APAC.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in The Paints & Coatings Market
4.2 Architectural Paints & Coatings Market, By Resin Type
4.3 Paints and Coatings Market, Developed vs. Developing Countries
4.4 Paints & Coatings Market, By End-use Industry and Country
4.5 Paints & Coatings Market Attractiveness, By Key Countries
5 Market Overview
5.2 Market Dynamics
126.96.36.199 Environmental Regulations Boosting The Demand for VOC-Free Coatings
188.8.131.52 Introduction of New Technologies has Increased The Performance of Coatings
184.108.40.206 Growing Popularity of Elastomeric Coatings in Tilt-Up Concrete in Building & Construction
220.127.116.11 Increasing Demand from The Construction and Automotive Industries
18.104.22.168 Technological Advancements in Powder Coating Technology
22.214.171.124 Requirement of More Drying Time for Waterborne Coatings
126.96.36.199 Difficulty in Obtaining Thin Films in Powder Coating
188.8.131.52 Increasing Applications of Fluoropolymers in the Building & Construction Industry
184.108.40.206 Attractive Prospects for Powder Coatings in Shipbuilding and Pipeline Industries
220.127.116.11 Increasing Use of Powder Coatings in the Automotive Industry
18.104.22.168 Stringent and Regulatory Policies
22.214.171.124 Environmental Challenges with Respect to Wastewater Discharge
5.3 Porter's Five Forces Analysis
6 Macroeconomic Trends and Impact of COVID-19
6.1 Macroeconomic Overview and Key Trends
6.1.2 Trends and Forecast of GDP
6.1.3 Trends and Forecast of Global Automotive Industry
6.1.4 Trends and Forecast of Global Construction Industry
6.2 COVID-19 Impact
6.3 COVID-19 Economic Assessment
6.3.1 COVID-19 Economic Impact - Scenario Assessment
7 COVID-19's Impact on Paints & Coatings Market
7.1 Value Chain of the Paints & Coatings Industry
7.2 Impact on Value Chain
7.3 Customer Analysis
7.4 Shift in Aerospace Industry
7.5 Shift in Construction Industry
8 Adjacent/Related Markets
8.3 Paints & Coatings Ecosystem and Interconnected Market
8.4 Coating Resins
9 Paints & Coatings Market, by Resin Type
10 Paints & Coatings Market, by Technology
10.2 Waterborne Technology
10.3 Solventborne Technology
10.4 Powder Coating
11 Paints & Coatings Market, by End-Use Industry
12 Paints & Coatings Market, by Region
12.4 North America
12.5 Middle East & Africa
12.6 South America
13 Competitive Landscape
13.2 Competitive Leadership Mapping
13.2.1 Visionary Leaders
13.2.3 Dynamic Differentiators
13.2.4 Emerging Companies
13.3 Strength of Product Portfolio
13.4 Business Strategy Excellence
13.5 Company Market Share Analysis
13.6 Competitive Scenario
13.6.1 Investments & Expansions
13.6.2 Mergers & Acquisitions
13.6.3 New Product Launches
13.6.4 Joint Ventures & Agreements
14 Company Profiles
14.1 Akzonobel N.V.
14.1.1 Business Overview
14.1.2 Products Offered
14.1.3 Recent Developments
14.1.4 SWOT Analysis
14.2 PPG Industries
14.3 Sherwin-Williams Company
14.4 Axalta Coating System LLC
14.5 Jotun A/S
14.6 Nippon Paint Holdings Co. Ltd.
14.7 Asian Paints Limited
14.8 Kansai Paints Co. Ltd.
14.9 RPM International Inc.
14.11 Hempel A/S
14.12 Berger Paints India Limited
14.13 Shalimar Paints
14.14 Masco Corporation
14.15 BASF Coatings GmbH
14.16 SK Kaken Co. Ltd.
14.17 Beckers Group
14.18 Dunn-Edwards Corporation
14.19 Tiger Coatings GmbH & Co. KG
14.2 Other Key Players
14.20.1 Sacal International Group Ltd.
14.20.2 Diamond Vogel Paint Company
14.20.3 Vista Paints Corporation
14.20.4 Indigo Paints Pvt. Ltd.
14.20.5 Kelly-Moore Paints
For more information about this report visit https://www.researchandmarkets.com/r/jmxzph
View source version on businesswire.com: https://www.businesswire.com/news/home/20200805005803/en/
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