Home > > > > Report Detail

Paints and Coating Market

Publisher Name :
Date: 30-Apr-2022
No. of pages: 259

Product Overview

Paint and coating refer t--glossy material which is used t--color, decorate, and provides texture t--the objects. They protect the object from sunlight, oxidation, and improve the durability of the object. Paints basically enhance the beauty of the object whereas coatings offer both decoration and protection. Paint consists of pigments, additives, solvent, and binder. They can be in solid, liquid, and gaseous forms. They are applied on walls, metal surfaces, equipment, and others by various application techniques including brushes, scrapers, paint rollers, blades, other instruments, or body parts such as fingers and thumbs. Paints and coatings are primarily used in automotive, construction, architectural, and wood industries.

Market Highlights

Global Paints and Coatings Market is expected t--project a notable CAGR of 5.22% in 2030.

Global Paints and Coatings Market t--surpass USD 264.05 billion by 2030 from USD 158.47 billion in 2020 at a CAGR of 5.22% throughout the forecast period, i.e., 2021-30. The demand for paints and coatings is expected t--accelerate due t--its properties such as wettability, adhesion, and corrosion resistance. Additionally, the advancements in automobiles and chemical industries have aided the growth of the global market. Paint and coatings are extensively used in the aerospace industry.

Recent Highlights in Global Paints and Coatings Market

In April 2020, Akz--Nobel N.V purchased a Mauritius-based paint and coating manufacturer, Mauvilac Industries Limited t--strengthen its position and increase its market share.

In December 2018, PPG Industries Inc. announced t--acquire the global coatings manufacturer Whitford Worldwide Corporation t--expand its product portfolio.

Global Paints and Coatings Market: Segments

Acrylic segment t--grow with the highest CAGR during 2021-30

Global Paints and Coatings Market is segmented by Resin int--Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, and others. Acrylic segment held the largest market share in the year 2020 and will continue t--dominate the market throughout the forecast period. This growth is attributed owing t--its growing application in architectural paints and industrial coating. For the manufacturing of coats and varnishes, acrylic resins are widely used. They possess excellent stabilization and weathering properties which is making them suitable for usage in paints and coatings

Waterborne segment t--grow with the highest CAGR during 2021-30

Global Paints and Coatings market is bifurcated by Technology int--Waterborne, Solvent-borne, Powder, and others. The waterborne segment held the largest market share in the year 2020 and will continue t--dominate the market throughout the forecast period. Due t--their low toxicity and flammability waterborne paints and coatings are primarily used in the architectural sector

Architectural segment t--grow with the highest CAGR during 2021-30

Global Paints and Coatings market is als--segmented by application int--Architectural and industrial segment. The architectural segment held the largest market share in the year 2020 and will continue t--dominate the market throughout the forecast period. Paints and coatings are mostly used for the decoration of residential or non-residential buildings t--protect against harmful UV rays and corrosion. Architectural paints and coatings are als--used t--enhance the interiors including wood flooring, wall paintings, sculptures, and furniture.

Market Dynamics

Drivers

Advancement in Construction

With the growing population, the investment in construction projects is increasing which has fueled the demand for Paints and coatings. Rapid urbanization and industrialization are rising the demand for building and infrastructure. Paints and coatings offer aesthetic and protective benefits t--these structures.

Mounting demand from Automotive industry

Mounting demand for automobiles on account of the rapid urbanization coupled with rising disposable income, changing lifestyle is expected t--flourish the paints and coatings market. The component of automobiles is coated or painted with resins t--protect them from rusting and corrosion. Technological advancements in the sector boosting the market as well. Various manufactures are introducing paints that are eco-friendly and follow the environmental regulations which are anticipated t--drive the market.

Restraint

Fluctuating Price of Raw Materials

The fluctuating price of raw materials is projected t--hamper the market growth of paints & coatings. major key raw materials used in the manufacturing of paints & coatings are Oil derivatives and titanium dioxide. The prices fluctuate because of the gap in supply and demand of titanium dioxide.

Global Market: Key Players

PPG Industries

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis

Akz--Nobel NV

Asian Paints Ltd.

Axalta Coating Systems

BASF SE

Berger Paints India Ltd.

Diamond Vogel Paints

Dow Inc.

Hempel A/S

Jotun A/S

Kansai Paint Co., Ltd.

KCC Corporation

Other Prominent Players

Global Paints and Coatings Market: Regions

Global Paints and Coatings market is segmented based on regional analysis int--five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Global Paints and Coatings markets market in Asia Pacific held the largest market share in the year 2018. Asia Pacific will continue t--dominate the global tinplate market due t--its and rising demand from industrial applications and improving economic growth. Mounting construction activities and automotive in this region is fueling the demand for paints and coatings. Additionally, the easy accessibility of raw materials and less harsh laws regarding VOC emission accelerated the market in this region.

Global Paints and Coatings market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Paints and Coatings market report als--contains analysis on:

Paints and Coatings Market Segments:

By Resin

Acrylic

Alkyd

Epoxy

Polyurethane

Polyester

Others

By Technology

Waterborne

Solvent-borne

Powder

Others

By Application

Architectural

Residential

Non-residential

Industrial

Paints and Coatings Market Dynamics

Paints and Coatings Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Paints and Coating Market

Table of Contents


1. Executive Summary
2. Global Paints and Coatings Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Global Paints and Coatings Market Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Global Paints and Coatings Market
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Paints and Coatings Market: Market Segmentation
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Resin: Market Share (2020-2030F)
12.2.1. Acrylic, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Alkyd, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. Epoxy, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.4. Polyurethane, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.5. Polyester, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.6. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Technology: Market Share (2020-2030F)
12.3.1. Waterborne, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Solvent borne, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. Powder, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.4. others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4. By Application: Market Share (2020-2030F)
12.4.1. Architectural, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.2. Industrial, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. Company Profile
14. PPG Industries
14.1. Company Overview
14.2. Company Total Revenue (Financials)
14.3. Market Potential
14.4. Global Presence
14.5. Key Performance Indicators
14.6. SWOT Analysis
14.7. Product Launch
15. Akzo Nobel NV
16. Asian Paints Ltd.
17. Axalta Coating Systems
18. BASF SE
19. Berger Paints India Ltd.
20. Diamond Vogel Paints
21. Dow Inc.
22. Hempel A/S
23. Jotun A/S
24. Kansai Paint Co., Ltd.
25. KCC Corporation
26. Other Prominent Players

Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
  • Global Paint and Coatings Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 133
    Paint is defined as a paints material in liquid or solid which when spread on a surface adheres and hardens forms a film that protect, decorated or add a specific feature to The surface on which it is deposited. The global Paint and Coatings market was valued at US$ 203.4 million in 2023 and is anticipated to reach US$ 241 million by 2030, witnessing a CAGR of 2.4% during The forecast period 2024-2030. China is The largest Paints & Coatings market with about 37% market share.......
  • Global Anti-Foam Decorative Coating Additive Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 89
    The global Anti-Foam Decorative Coating Additive market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. North American market for Anti-Foam Decorative Coating Additive is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for Anti-Foam Decorative Coating Additive is estimated t......
  • Global Dispersing Coating Additive Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 91
    The global Dispersing Coating Additive market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. With The increase in environmental awareness and The requirements for sustainable development, dispersion coating additives will pay more attention to environmental protection and sustainability, reducing The impact on The environment and human health. With The rapid development of The industrial......
  • Global Rheology Modifier Coating Additive Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 93
    The global Rheology Modifier Coating Additive market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. North American market for Rheology Modifier Coating Additive is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for Rheology Modifier Coating Additive is estimated to increas......
  • Global Powder Coatings Market Research Report 2024
    Published: 08-Jan-2024        Price: US 2900 Onwards        Pages: 125
    Powder coating is a type of coating that is applied as a free-flowing, dry powder. The main difference between a conventional liquid paint and a powder coating is that The powder coating does not require a solvent to keep The binder and filler parts in a liquid suspension form. The coating is applied electrostatically and is then cured under heat to allow it to flow and form a "skin". The powder may be a thermoplastic or a thermoset polymer. It is usually used to create a hard finish that is tou......
  • Global Spray Polyurea Elastomer (SPUA) Market Research Report 2024
    Published: 08-Jan-2024        Price: US 2900 Onwards        Pages: 102
    A Spray Polyurea Elastomer (SPUA) is derived from a reaction of an isocyanate component and a resin blend component. The material has high mechanical strength, wear resistance, corrosion resistance, oil resistance, water resistance, aging resistance, alternating temperature (pressure) and other outstanding performance. "Spray Polyurea Elastomer Technology" (also known as "100% solid content spray polyurea elastomer technology") is following The high solids Sub-coating, water-based paint, powder ......
  • Global Automotive Coatings Market Growth 2024-2030
    Published: 04-Jan-2024        Price: US 3660 Onwards        Pages: 113
    According to our LPI (LP Information) latest study, the global Automotive Coatings market size was valued at US$ 18750 million in 2023. With growing demand in downstream market, the Automotive Coatings is forecast to a readjusted size of US$ 23520 million by 2030 with a CAGR of 3.3% during review period. The research report highlights the growth potential of the global Automotive Coatings market. Automotive Coatings are expected to show stable growth in the future market. However, produc......
  • Global Anti-Corrosion Coating Market Growth 2024-2030
    Published: 04-Jan-2024        Price: US 3660 Onwards        Pages: 155
    According to our LPI (LP Information) latest study, the global Anti-Corrosion Coating market size was valued at US$ 85700 million in 2023. With growing demand in downstream market, the Anti-Corrosion Coating is forecast to a readjusted size of US$ 119600 million by 2030 with a CAGR of 4.9% during review period. The research report highlights the growth potential of the global Anti-Corrosion Coating market. Anti-Corrosion Coating are expected to show stable growth in the future market. Ho......
  • Global Sputter Coating Market Growth 2024-2030
    Published: 04-Jan-2024        Price: US 3660 Onwards        Pages: 120
    According to our LPI (LP Information) latest study, the global Sputter Coating market size was valued at US$ 7212.6 million in 2023. With growing demand in downstream market, the Sputter Coating is forecast to a readjusted size of US$ 9926.5 million by 2030 with a CAGR of 4.7% during review period. The research report highlights the growth potential of the global Sputter Coating market. Sputter Coating are expected to show stable growth in the future market. However, product differentiat......
    • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - [email protected] / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs