Paints and Coatings Market Size, Share & Trends 2018 | Product Types & Application, Top Manufacturer, Regional Analysis & Forecasts to 2023

Global Paints & Coatings Market - by Resin Type, Product Type (commodity, engineering, and high performance), Application (Architectural, Industrial), Region - Forecast till 2023

Pune, India - July 12, 2018 /MarketersMedia/ —

Market Insights:

Market Research Future (MRFR) has asserted in its recently report that the Global Paints and Coatings Market will grow at a steady CAGR of 3% during the forecast period 2016 to 2021. In terms of volume, the matured market for Paints and Coatings will witness 4.5% CAGR during the assessment period.

The primary demand for Paints and Coatings comes from the construction industry. The expenditure incurred by customers in the construction industry will be rising over the next few years, which is a crucial driver of growth for paints and coatings market. Other industries that will contribute towards the growing demand for Paints and Coatings include aerospace, automobile, wood, marine, coil, etc.

The stringent laws implemented by the governments to control the adverse effects on environment restrict the market growth to some extent, but also paves the way for product innovation. For instance, Volatile organic compounds (VOCs) are harmful to the environment and exposure to VOCs can be associated with the organic solvent syndrome. Therefore, the regulatory laws led to the introduction of low-VOC and zero-VOC paints and finishes.

Global Paints and Coatings Market Segmentation:

By Product Type, the market for paints and coatings has been segmented into water based and solvent based, powdered and UV. The stringent regulations governing the Paints and Coatings Market will push the demand for water based and solvent based products.

By Applications Type, the market is segmented into architectural, industrial and marine. The architectural segment is set to witness amplified demand due to the growth of the residential sector. The growth demonstrated by the industrial segment can be ascribed to the rapid developments in industrialization.

Get In-Depth Sample Report @ https://www.marketresearchfuture.com/sample_request/854

Regional Analysis:

By Region, the market has been segmented into North America, Europe, Asia Pacific, and, Rest of the World (RoW). The Asia Pacific market will captivate notable share in market control and will retain its dominance over the projection period. The key factor contributing towards the expansion of the market in this region is a boom in the residential sector. The expenditure in the residential sector rose at a steep rate of 10.5% in India, outshining China which demonstrated a rise in the price at a rate of 9.6% from 2016 to 2017. The major contributions will be accounted by countries such as India, China, Vietnam, Indonesia, etc. that would generate most of its profits from the automobile industry. The prominent players of the automobile industry are shifting their manufacturing bases to the Asia Pacific due to cheap labor, lower cost of raw materials, etc. which will open avenues for accelerated demand for paints and coatings.

The market in North America is expected to grow in spite of strict regulatory laws implemented by the government. The demand for paints and coatings in North America market will come as a response to the growing demand for residential houses and its renovation. The concentration of established corporate houses dealing in Paints and Coatings in the region can also be credited for the growth of the market. The growth rate of 3% will be registered in the North America region.

Europe market will expand moderately with Germany playing a significant role owing to its prominence in the automobile industry. The industry experts have asserted that there will be a rise in demand for construction of both residential and commercial structures in the region which will steer growth in the paints and coatings market.

RoW market will grow at an average rate due to soaring construction industry in the Middle East. Also, the rapid industrialization coupled with urbanization will lead to a proliferation of the market.

Competitive Dashboard:

The key profiles holding prominent positions in the market have been profiled by MRFR which includes AkzoNobel N.V, Sherwin-Williams Company, Valspar Corporation, Axalta Coating Systems Ltd, BASF SE, PPG Industries Inc., RPM International Inc., Kansai Paint Co. Ltd, Henkel AG & Co., and, Asian Paints Limited. The top-notch players strategize proceedings such as innovative product development, tie-ups with end-user industries, mergers & acquisitions, construction of manufacturing plants for increased production, etc. for gaining traction.
BASF has launched a new product line in Europe for its R-M®, and, Glasurit® refinish paint brands that makes refinishing of automotive more sustainable. The product line contributes towards a reduction in carbon dioxide emissions as it is the world’s first refinish product to be manufactured according to the certified biomass balance approach.

BASF inaugurated its first automotive coatings manufacturing facility at its Bangpoo manufacturing site, Samutprakarn province, Thailand. The plant will deal with the production of solventborne and waterborne automotive coatings for catering to the growing demand in the region.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/paints-coatings-market-854

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Abhishek Savant
Email: sales@marketresearchfuture.com
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune
Phone: +1 646 845 9312

Source URL: https://marketersmedia.com/paints-and-coatings-market-size-share-trends-2018-product-types-application-top-manufacturer-regional-analysis-forecasts-to-2023/376664

For more information, please visit https://www.marketresearchfuture.com/reports/paints-coatings-market-854

Source: MarketersMedia

Release ID: 376664

More News

German train station locked down after man takes hostage

Oct 16, 2018

BERLIN — German police have made contact with a man who took a woman hostage Monday inside Cologne's main train station and are trying to win her release. Police said the incident started Monday at 12:45 p.m. (1045 GMT). The entire station, one of the biggest in the country, was evacuated and closed off as well as Breslauer Platz square behind the station. "We are in contact with the man," police spokesman Christoph Gilles told broadcaster n-tv. "We need to find out what he wants, what his demands are and whether he carries a weapon," he said, adding that police...

The Latest: British designers made Eugenie's wedding dress

Oct 16, 2018

LONDON — The Latest on the wedding of Princess Eugenie and Jack Brooksbank (all times local): 11:40 a.m. Princess Eugenie is wearing a gown designed by Peter Pilotto and Christopher De Vos for her wedding to Jack Brooksbank. The dress features a neckline that folds around the shoulders to a low back that drapes into a full-length train. The bride is also wearing the Greville Emerald Kokoshnik Tiara, which was loaned to her by her grandmother, Queen Elizabeth II. It is made of brilliant and rose-cut diamonds set in platinum with six emeralds on either side. Gusty wind required Eugenie...

Social Security checks will grow in 2019 as inflation rises

Oct 16, 2018

WASHINGTON — Tens of millions of Social Security recipients and other retirees will get a 2.8 percent boost in benefits next year as inflation edges higher. It's the biggest increase most retired baby boomers have gotten. Following a stretch of low inflation, the cost-of-living adjustment, or COLA, for 2019 is the highest in seven years. It amounts to $39 a month for the average retired worker, according to estimates released Thursday by the Social Security Administration. The COLA affects household budgets for about one in five Americans, including Social Security beneficiaries, disabled veterans and federal retirees. That's about 70 million...

AP Exclusive: Tests show toxin in chain stores' jewelry

Oct 16, 2018

LOS ANGELES — Jewelry with the toxic metal cadmium is showing up on the shelves of national retailers including Ross, Nordstrom Rack and Papaya, according to newly released test results. Analysis done for the nonprofit Center for Environmental Health revealed some jewelry sold with women's dresses and shirts was nearly pure cadmium, which can cause cancer and reproductive harm after prolonged exposure. Consumer advocates were hopeful cadmium had disappeared from the U.S. jewelry market following changes prompted by a 2010 Associated Press investigation that found Chinese manufacturers were using the metal to make kids' jewelry. States including California outlawed cadmium...

What's new _ and what's missing _ in your next new car

Oct 16, 2018

Automakers are continually making changes in vehicles. These can be technological breakthroughs, such as the automatic emergency braking systems that are increasingly becoming standard on new cars. Some are mandated changes, such as a federal requirement that all vehicles have backup cameras, which went into effect in May. At times, the shifts reflect consumer electronic trends. Cassette players in cars gave way to in-dash CD systems, which started disappearing from cars when Bluetooth streaming music arrived. Many of these feature swaps don't get a lot of fanfare, so you might not always realize what's come and gone until you're shopping...

Lookout Style, your personal trendy diary, keeping you in check with all things new for automobiles and content to assist your fashionable sense.

Contact us: sales@lookoutstyle.com

Automobile Design Automobile Shows Car Buying Beauty & Fashion Body Piercings Elective Cosmetic Procedures Children's Fashion Couture Fashion Accessories Fashion Magazines Fashion Shows Men's Fashion Personal Style Sustainable Fashion Women's Fashion Press Releases