The global paints and coatings market size was USD 178.42 Billion in 2022 and is expected to register a rapid revenue CAGR of 4.5% during the forecast period. Rapid expansion of the semiconductor industry across the globe, rising adoption of paints and coatings in construction industry and demand for Volatile Organic Compound (VOC)-free coatings, and increasing popularity of Electric Vehicles (EVs) and focus on lightweight materials are key factors driving market revenue growth.
The report on Global Paints and Coatings Market added by Emergen Research offers a comprehensive analysis of the recent advancements in the Paints and Coatings industry and trends driving the growth of the market. It is an investigative study covering analysis of market drivers, restraints, challenges, threats, and growth prospects in the global Paints and Coatings market. The global Paints and Coatings market report is a methodical research of the Paints and Coatings market done by extensive primary and secondary research. The fundamental purpose of the Paints and Coatings market report is to offer an accurate and strategic analysis of the Paints and Coatings business sphere.
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Competitive Terrain:
The global Paints and Coatings industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Akzonobel N.V., PPG Industries Inc., Sherwin Williams Company, RPM International Inc., NIPSEA Group, Arkema, Cardolite Corporation, BASF SE, Evonik Industries, Reichhold LLC 2, DSM, Qualipoly Chemical Corp, Arakwa Chemical Industries Ltd., Alberdingk Boley, Eternal Material Co. Ltd, Wacker Chemie AG, DIC Corporation, KCC Corporation, Asian Paints, and DOW
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Paints and Coatings market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Paints and Coatings market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Paints and Coatings market.
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Market Segmentations of the Paints and Coatings Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Paints and Coatings market on the basis of product, application, and region:
Segments Covered in this report are:
Product Outlook (Revenue, USD Billion; 2019-2032)
- Waterborne Coatings
- Solvent Borne Coatings
- Powder Coatings
- Radiation Curing
- Others
Resin Outlook (Revenue, USD Billion; 2019-2032)
- Acrylic
- Alkyd
- Epoxy
- Polyurethane
- Polyester
- Others
Application Outlook (Revenue, USD Billion; 2019-2032)
- Industrial
- Architectural
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Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
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