Bottom Article Ad

Wednesday, May 26, 2021

Global Paints and Coatings Market To Be Driven By Increasing Demand From Application Sector In The Forecast Period Of 2021-2026

The new report by EMR titled, ‘Global Paints and Coatings Market Report and Forecast 2021-2026’, gives in-depth analysis of the global paints and coatings market, assessing the market based on its segments like resin type, technology, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/paints-and-coatings-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026):

  • Historical Market Size (2020): USD 160 Billion
  • Forecast CAGR (2021-2026): 4%
  • Forecast Market Size (2026): USD 202 Billion

Global paints and coatings market is expected to see increased demand from the architectural industry, which will help the industry grow during the forecast period. On the other hand, fluctuating raw material prices due to volatility in crude costs is a limiting factor that could stymie the growth of the paints and coatings industry during the forecast era. Anti-corrosive safety and nano-coatings are examples of emerging developments that have resulted in products that can help the industry develop and better meet market demand. The products produced are becoming more environmentally friendly and perform better. The industry’s potential growth is expected to be aided by increasingly better goods.

Industry Definition and Major Segments

Paints and coatings are chemicals that are applied to a good’s surface material to protect it from corrosion and rusting, thus improving the goods’ longevity. They may also improve the appearance of the products thus extending their lifespan.

Based on the resin type, the market can be classified into:

  • Acrylic
  • Alkyd
  • Epoxy
  • Polyester
  • Polyurethane
  • Vinyl
  • Others

Based on the technology, the market can be segmented into:

  • Powder-Based
  • Water-Borne
  • Solvent-Borne
  • Others

Based on application, industry can be segmented into:

  • Architectural
  • Industrial

Industrial paints and coatings can be further divided into the following:

  • General Industrial
  • Automotive and Transportation
  • Wood
  • Aerospace and Marine
  • Protective
  • Others

Based on region, the market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

One of the major factors driving the global paints and coatings market is the rising demand for high-performance coatings. Because of their resistance to severe conditions, the coating is likely to be used in industrial piping, tank exteriors, offshore platforms, and containers for inoculation of more important instruments for safety. High-performance coatings are also commonly used in the marine and aerospace industries, in addition to general industrial applications. The expansion of these coatings’ application scope is expected to drive rapid growth in the coming years. In the coming years, the expansion of the transportation industry is expected to provide crucial growth opportunities for coatings products.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/paints-and-coatings-market

Furthermore, during the assessment era, the increasing demand for paints and coatings in the shipbuilding and pipeline industries is expected to provide lucrative market opportunities. Due to the region’s rapid architectural and industrial development, the Asia Pacific market is expected to expand significantly. Global paints and coatings market growth is expected to be fuelled by the rapid development of automotive production in Asia-Pacific and the expansion of the general industrial sector around the world.

Key Market Players

The major players in the market are PPG Industries Inc., Akzo Nobel N.V., Nippon Paint Holdings Co., Ltd., BASF SE, The Sherwin-Williams Company, RPM International Inc., Beckers Group, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Related Reports:

Gemstones Market: https://www.expertmarketresearch.com/reports/gemstones-market

3D-Printed Footwear Market: https://www.expertmarketresearch.com/reports/3d-printed-footwear-market

Indian Printer Cartridge Market: https://www.expertmarketresearch.com/reports/indian-printer-cartridge-market

Benzyl Bromide Market: https://www.expertmarketresearch.com/reports/benzyl-bromide-market

Cigarette Lighter Market: https://www.expertmarketresearch.com/reports/cigarette-lighter-market

Australia Lime Market: https://www.expertmarketresearch.com/reports/australia-lime-market

Trisodium Phosphate Market: https://www.expertmarketresearch.com/reports/trisodium-phosphate-market

Electrochromic Glass Market: https://www.expertmarketresearch.com/reports/electrochromic-glass-market

Trisodium Phosphate Market: https://www.expertmarketresearch.com/reports/trisodium-phosphate-market

Pyrite Market: https://www.expertmarketresearch.com/reports/pyrite-market

Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact :

Company Name: Expert Market Research
Contact Person:-Adam Lee, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

0 Comments:

Post a Comment