Paints and Coatings Market, By Technology, Resin Type, Application, and Geography

Paints and coatings are liquid or semisolids materials that are applied or sprayed to a substrate in the form of a thin layer that forms a solid film over time. It is used to decorate, protect and color buildings, walls, objects, equipment, among others. It is a mixture of polymer particles known as binder, wide variety of surfactants, pigments, solvents, and processing aids. Asia Pacific and Middle East are expected to be the fastest growing markets for paints and coatings during the forecast period. Solvent-based paints used for water proofing, flame proofing, and among others are gaining rapid traction across the globe.

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Market Dynamics

Growing GDP and rapid urbanization in Asia Pacific, primarily in China, Japan and India, in turn creates a highly conducive environment for market growth. The demand for new and improved infrastructure is increasing, which helps to fuel the paints and coatings market. The decorative paints segment is expected to be the largest during the forecast period. Rapid development in products and technology such as anti-corrosion, flame proofing, among others, and low volatile organic compounds (VOC) technology is also fueling growth of the paints and coatings market. Demand for water proofing paint is rapidly growing for architectural application. North America is expected to dominate the architectural paints market, due to rapid renovation in residential project.

Market Taxonomy

This report segments the global paints and coatings market on the basis of technology, component, and application. On the basis of technology, the market is segmented into waterborne, thermosetting emulsion, colloidal dispersion, water soluble, solvent borne, high solids coatings, powder coatings, two components systems and UV radiation-curable coatings. On the basis of resin type, the global paints and coatings market is segmented as acrylic, alkyd, epoxy, polyester, polyurethane and others. On the basis of application, the global paints and coatings market is segmented into decorative paints, transportation, metal industrial coatings, industrial maintenance and protective, powder coatings, automotive refinish, wood coatings, marine coatings, coil coatings and packaging coatings.

Key features of the study:

• This report provides in-depth analysis of the global paints and coatings market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017 – 2022), considering 2016 as the base year.
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
• This study also provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
• The report takes into account the various types of coating methods involved in manufacturing different types of thermoplastic, and thermoset resins, and analyzing the market value and growth (%) during the forecast period.
• It includes insights on the largest technology used to manufacture different types of resins across the globe.
• It profiles leading players in the global paints and coatings market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans.

Key companies covered as a part of this study include PPG, The Sherwin-Williams Co., RPM International Inc., The Valspar Corp., Axalta Coating Systems, BEHR, Benjamin Moore & Co., Dunn-Edwards Corporation, Ennis-Flint, Shawcor Ltd., Nippon Paints, Kelly-Moore Paints Co. Inc, Cloverdale Paints Inc., Innovative Chemical Products Group, Vogel Paints Inc., Yenkin Majestic Paints Corp., Tnemec Company Inc, Elantas Pdg Inc, True Value Company, Vista Paints.

• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, technology upgrade, market expansion, and marketing tactics.
• The global paints and coatings market report caters to various stakeholders in this industry, including investors, raw material manufacturer, resins manufacturer, end-users, distributors, new entrants, and financial analysts.
• Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the paints and coatings market.