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Global Paints and Coatings Market: About this marketSpeak directly to the analyst to clarify any post sales queries you may have.
The paints and coatings market analysis considers sales from water-based, solvent-based, and other technologies. Our study also finds the sales of paints and coatings in APAC, Europe, MEA, North America, and South America. In 2019, the water-based segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as protection against corrosion will play a significant role in the water-based segment to maintain its market position. Also, our global paints and coatings market report looks at factors such as growth in real estate and construction industry, automotive industry driving demand for paints and coating, and growth in marine industry. However, volatility in raw material prices, stringent regulations affecting market growth, and increasing use of glass in buildings may hamper the growth of the paints and coatings industry over the forecast period.
Global Paints and Coatings Market: Overview
Automotive industry driving demand for paints and coatings
Easier applicability, superior durability, and higher cost-effectiveness of paints and coatings have made them a popular choice among automakers. Waterborne coatings, acrylic and epoxy-based enamels are widely preferred by automotive OEMs since they have longer life span. In addition, the demand for lightweight automobiles has increased in Europe and the Americas. Economies including China, Germany, Japan, and others are also focusing on the adoption of strong, safe, light, and fuel-efficient vehicles. Thus, with the growth of automotive industry will lead to the expansion of the global paints and coatings market at a CAGR of almost 6% during the forecast period.
Growing adoption of UV-curable coatings
Vendors are engaging in the R&D of UV-curable coatings to offer scratch resistance properties, particularly, to be deployed by automotive OEMs. In addition, regulatory agencies including EPA and China’s Ministry of Environmental Protection have started implementing stringent regulations to address the harmful effects of volatile organic compound products. These regulations are compelling manufacturers to develop UV-curable and waterborne coatings from eco-friendly and natural ingredients. Furthermore, the demand for UV-curable coatings is also likely to surge from the automotive, industrial, general metal, and flooring applications due to their durability, versatility, appearance, and superior weather-resistance. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global paints and coatings market is highly fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading paints and coatings manufacturers, that include 3M Co., Akzo Nobel NV, BASF SE, Henkel AG & Co. KGaA, Jotun AS, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, and The Sherwin-Williams Co.
Also, the paints and coatings market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Table of Contents
PART 01: EXECUTIVE SUMMARYPART 09: CUSTOMER LANDSCAPEPART 11: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY RESIN TYPE
PART 07: MARKET SEGMENTATION BY TECHNOLOGY
PART 08: MARKET SEGMENTATION BY APPLICATION
PART 10: GEOGRAPHIC LANDSCAPE
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
PART 16: APPENDIX
List of Exhibits
Executive Summary
The following companies as the key players in the global paints and coatings market: 3M Co., Akzo Nobel NV, BASF SE, Henkel AG & Co. KGaA, Jotun AS, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, and The Sherwin-Williams Co.Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growing adoption of UV-curable coatings.”
According to the report, one of the major drivers for this market is the automotive industry driving demand for paints and coatings.
Further, the report states that one of the major factors hindering the growth of this market is the increasing use of glass in buildings.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned
A selection of companies mentioned in this report includes:
- 3M Co.
- Akzo Nobel NV
- BASF SE
- Henkel AG & Co. KGaA
- Jotun AS
- Nippon Paint Holdings Co. Ltd.
- PPG Industries Inc.
- RPM International Inc.
- Sika AG
- The Sherwin-Williams Co.
