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Global Packaging Coatings Market Report by Substrate, Resin, Formulation, Application, and Region 2024-2032- Product Image
Global Packaging Coatings Market Report by Substrate, Resin, Formulation, Application, and Region 2024-2032- Product Image
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Global Packaging Coatings Market Report by Substrate, Resin, Formulation, Application, and Region 2024-2032

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    Report

  • 142 Pages
  • April 2024
  • Region: Global
  • IMARC Group
  • ID: 5753190
Description Jump to:
The global packaging coatings market size reached US$ 3.7 Billion in 2023. Looking forward, the market is projected to reach US$ 5.1 Billion by 2032, exhibiting a growth rate (CAGR) of 3.63% during 2023-2032.

Packaging coatings refer to various specialized chemical agents that are applied inside or on the surface of packaging products. They are applied to various metal, plastic and paper-based containers, cans, closures, and industrial packaging products. Epoxy resins, acrylic resins, polyester and polyurethane resins, are the most commonly available resins used for packaging coatings. These coatings aid in increasing the product shelf-life and provide additional protection, corrosion resistance and aesthetic appeal. Owing to this, they find extensive applications in the food and beverages, personal care and healthcare industries.

The growing retail and e-commerce industries, along with the rapid industrialization and urbanization across the globe, is one of the key factors driving the growth of the market. There is a growing demand for flexible packaging to store various consumer goods, such as aerosol cans for personal care products, which use coatings to protect the contents. Furthermore, the increasing utilization of acrylic-based coatings is also creating a positive impact on the market. Acrylic variants offer high transparency, durability and resistance to stains, blistering, heat and cracking to various consumer goods products.

Additionally, the growing demand for canned food and beverages is also providing a boost to the market growth. Other factors, including the increasing consumer preference for attractive packaging, various technological advancements and extensive research and development (R&D) activities to develop sustainable and more effective packaging coatings, are projected to drive the market further.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global packaging coatings market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on substrate, resin, formulation and application.

Breakup by Substrate:

  • Plastic
  • Metal
  • Paper
  • Glass
  • Others

Breakup by Resin:

  • Epoxy
  • Acrylic
  • Polyurethane
  • Polyester
  • Others

Breakup by Formulation:

  • Water-Based
  • Solvent-Based
  • Radiation-Cured
  • Powder-Based

Breakup by Application:

  • Beverages
  • Food Products
  • Caps and Closures
  • Monobloc and Tubes
  • Others

Breakup by Region:

  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • North America
  • United States
  • Canada
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Peru
  • Others
  • Middle East and Africa
  • Turkey
  • Saudi Arabia
  • Iran
  • United Arab Emirates
  • Others

Competitive Landscape

The competitive landscape of the industry has also been examined with some of the key players being Akzo Nobel N.V., Arkema Group, Axalta Coating Systems LLC, BASF SE, Mantrose-Haeuser Co. Inc., PPG Industries Inc., Sun Coating Company, The Dow Chemical Company, The Valspar Corporation, Wacker Chemie AG Ltd., etc.

Key Questions Answered in This Report

1. What was the size of the global packaging coatings market in 2023?
2. What is the expected growth rate of the global packaging coatings market during 2024-2032?
3. What are the key factors driving the global packaging coatings market?
4. What has been the impact of COVID-19 on the global packaging coatings market?
5. What is the breakup of the global packaging coatings market based on the substrate?
6. What is the breakup of the global packaging coatings market based on the resin?
7. What is the breakup of the global packaging coatings market based on the formulation?
8. What is the breakup of the global packaging coatings market based on the application?
9. What are the key regions in the global packaging coatings market?
10. Who are the key players/companies in the global packaging coatings market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Packaging Coatings Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Substrate
6.1 Plastic
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Metal
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Paper
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Glass
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Resin
7.1 Epoxy
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Acrylic
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Polyurethane
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Polyester
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Formulation
8.1 Water-Based
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Solvent-Based
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Radiation-Cured
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Powder-Based
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Application
9.1 Beverages
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Food Products
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Caps and Closures
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Monobloc and Tubes
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 Europe
10.1.1 Germany
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 France
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.1.3 United Kingdom
10.1.3.1 Market Trends
10.1.3.2 Market Forecast
10.1.4 Italy
10.1.4.1 Market Trends
10.1.4.2 Market Forecast
10.1.5 Spain
10.1.5.1 Market Trends
10.1.5.2 Market Forecast
10.1.6 Russia
10.1.6.1 Market Trends
10.1.6.2 Market Forecast
10.1.7 Others
10.1.7.1 Market Trends
10.1.7.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 North America
10.3.1 United States
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 Canada
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Argentina
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.4.4 Colombia
10.4.4.1 Market Trends
10.4.4.2 Market Forecast
10.4.5 Chile
10.4.5.1 Market Trends
10.4.5.2 Market Forecast
10.4.6 Peru
10.4.6.1 Market Trends
10.4.6.2 Market Forecast
10.4.7 Others
10.4.7.1 Market Trends
10.4.7.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Turkey
10.5.1.1 Market Trends
10.5.1.2 Market Forecast
10.5.2 Saudi Arabia
10.5.2.1 Market Trends
10.5.2.2 Market Forecast
10.5.3 Iran
10.5.3.1 Market Trends
10.5.3.2 Market Forecast
10.5.4 United Arab Emirates
10.5.4.1 Market Trends
10.5.4.2 Market Forecast
10.5.5 Others
10.5.5.1 Market Trends
10.5.5.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Indicators
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Akzo Nobel N.V.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Arkema Group
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Axalta Coating Systems LLC
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 BASF SE
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Mantrose-Haeuser Co., Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 PPG Industries, Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Sun Coating Company
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 The Dow Chemical Company
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 SWOT Analysis
15.3.9 The Valspar Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Wacker Chemie AG.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
List of Figures
Figure 1: Global: Packaging Coatings Market: Major Drivers and Challenges
Figure 2: Global: Packaging Coatings Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Packaging Coatings Market: Breakup by Substrate (in %), 2023
Figure 4: Global: Packaging Coatings Market: Breakup by Resin (in %), 2023
Figure 5: Global: Packaging Coatings Market: Breakup by Formulation (in %), 2023
Figure 6: Global: Packaging Coatings Market: Breakup by Application (in %), 2023
Figure 7: Global: Packaging Coatings Market: Breakup by Region (in %), 2023
Figure 8: Global: Packaging Coatings Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 9: Global: Packaging Coatings (Plastic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Packaging Coatings (Plastic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Packaging Coatings (Metal) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Packaging Coatings (Metal) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Packaging Coatings (Paper) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Packaging Coatings (Paper) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Packaging Coatings (Glass) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Packaging Coatings (Glass) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Packaging Coatings (Others) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Packaging Coatings (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Packaging Coatings (Epoxy) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Packaging Coatings (Epoxy) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Packaging Coatings (Acrylic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Packaging Coatings (Acrylic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Packaging Coatings (Polyurethane) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Packaging Coatings (Polyurethane) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Packaging Coatings (Polyester) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Packaging Coatings (Polyester) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Packaging Coatings (Others) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Packaging Coatings (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Packaging Coatings (Water-Based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Packaging Coatings (Water-Based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Packaging Coatings (Solvent-Based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Packaging Coatings (Solvent-Based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Packaging Coatings (Radiation-Cured) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Packaging Coatings (Radiation-Cured) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Packaging Coatings (Powder-Based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Packaging Coatings (Powder-Based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Packaging Coatings (Beverages) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Packaging Coatings (Beverages) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Global: Packaging Coatings (Food Products) Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Global: Packaging Coatings (Food Products) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Global: Packaging Coatings (Caps and Closures) Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Global: Packaging Coatings (Caps and Closures) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Global: Packaging Coatings (Monobloc and Tubes) Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Global: Packaging Coatings (Monobloc and Tubes) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Global: Packaging Coatings (Others) Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Global: Packaging Coatings (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Europe: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Europe: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Germany: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Germany: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: France: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: France: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: United Kingdom: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: United Kingdom: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Italy: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Italy: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Spain: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Spain: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Russia: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Russia: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Others: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Others: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Asia Pacific: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Asia Pacific: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: China: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: China: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Japan: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Japan: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: India: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: India: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: South Korea: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: South Korea: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Australia: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Australia: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Indonesia: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Indonesia: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Others: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Others: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: North America: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: North America: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: United States: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: United States: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Canada: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Canada: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Latin America: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Latin America: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 87: Brazil: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 88: Brazil: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 89: Mexico: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 90: Mexico: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 91: Argentina: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 92: Argentina: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 93: Colombia: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 94: Colombia: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 95: Chile: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 96: Chile: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 97: Peru: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 98: Peru: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 99: Others: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 100: Others: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 101: Middle East and Africa: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 102: Middle East and Africa: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 103: Turkey: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 104: Turkey: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 105: Saudi Arabia: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 106: Saudi Arabia: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 107: Iran: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 108: Iran: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 109: United Arab Emirates: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 110: United Arab Emirates: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 111: Others: Packaging Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 112: Others: Packaging Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 113: Global: Packaging Coatings Industry: SWOT Analysis
Figure 114: Global: Packaging Coatings Industry: Value Chain Analysis
Figure 115: Global: Packaging Coatings Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Packaging Coatings Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Packaging Coatings Market Forecast: Breakup by Substrate (in Million US$), 2024-2032
Table 3: Global: Packaging Coatings Market Forecast: Breakup by Resin (in Million US$), 2024-2032
Table 4: Global: Packaging Coatings Market Forecast: Breakup by Formulation (in Million US$), 2024-2032
Table 5: Global: Packaging Coatings Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Packaging Coatings Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Packaging Coatings Market: Competitive Structure
Table 8: Global: Packaging Coatings Market: Key Players

Companies Mentioned

  • Akzo Nobel N.V.
  • Arkema Group
  • Axalta Coating Systems LLC
  • BASF SE
  • Mantrose-Haeuser Co. Inc.
  • PPG Industries Inc.
  • Sun Coating Company
  • The Dow Chemical Company
  • The Valspar Corporation
  • Wacker Chemie AG Ltd.

Methodology

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Table Information

Report AttributeDetails
No. of Pages142
PublishedApril 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 3.7 Billion
Forecasted Market Value ( USD ) by 2032 $ 5.1 Billion
Compound Annual Growth Rate3.6%
Regions CoveredGlobal
No. of Companies Mentioned10

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