Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Paint
& Coatings Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Paint & Coatings Market. The
research also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and global Paint & Coatings Market over the
short as well as long period of time. A detailed presentation of forecast, trends,
and dollar values of global Paint & Coatings Market is offered. In
accordance with the report, the global Paint & Coatings Market is projected
to expand at a CAGR of 3.0 % over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Paints and Coatings are the decorative touches, that
enhances that aesthetic appeal on the surface of a wall, metal products,
equipment and others.
There has been an increase in residential, industrial and
commercial building construction. Consumers, especially middle class in
emerging regions have more disposable income, rapid urbanization and constantly
seeking for upscale housing. Paints and Coatings are also used to prevent
corrosion and abrasion, thereby increasing the durability of the product surface.
A continuous demand and housing trend for low odour interior paints is one of
the many factors that drive the growth of global Paint & Coating market in
the forecast period. The major restraints that can hamper the growth of global
paint and coating market is the rising price of the raw material due to
volatility in the prices of crude. Government of some regions have imposed
regulatory policies related to the use of solvent- borne paints and coatings
which can also be a challenging factor for this market in the forecast period.
There has been a rapid increase in the development of
residential, industrial and commercial buildings in countries like India, China
and Japan, due to which Asia Pacific region is expected to grow considerably in
the forecast period. High performance coatings and heavy duty paints are used
in various industries like aerospace and marine which are used and preferred
for it’s longer protection of instruments & equipments. The growing transportation
industry is expected to provide growth opportunity for paints and coating
market globally in the forecast period.
Success of paints and coating markets, rely heavily on
innovation and continual technological advancement. Akzo Nobel recently launched a new website www.letspaintthefuture.com for collaborative innovation with the latest and
greatest innovators around the world in transforming the paints and coating
industry
However, at present, the world is gripped with Covid-19
pandemics, wherein some manufacturers have closed production completely, some
have seen reduced demands for products and services and others have seen a huge
increase in demand. The global paint and coating market will also be impacted
with this pandemic and will affect business worldwide. The sales estimates will
change due to change in the project schedules from clients, reduced business
generated through on-site sales due to limitation of meeting and interacting
with others due to social distancing. This market will also face challenges
with regards to shipping in goods from USA, and there will be reduced delivery
to countries like China due to shortage of containers. Transportation and
business operations will considerably decrease. Also, there might be decline in
the quality of raw materials used.
Segment Covered:
This market
intelligence report on the global Paint & Coatings Market encompasses
market segments based on resin, technology, application and country/regions.
In terms of resin, the global Paint &
Coatings Market is segregated
into :
§ Acrylic
§ Alkyd
§ Epoxy
§ Polyurethane
§ Polyester
§ Others
By technology, the global Paint &
Coatings Market is also
classified into :
§ Water-based
§ Solvent-based
§ Powdered Coatings
§ Pressure Sensitive Adhesive
§ UV Coatings
§ Alkyds
§ UV Cured Coatings
§ Others
By application, the global Paint &
Coatings Market is also
classified into :
§ Architectural & Decorative
ü Residential
ü Non-Residential
§ Industrial
ü Automotive OEM
ü Automotive Refinish
ü Wood
ü Coil
ü Can
ü Manufacturing
ü Marine Industries
ü Packaging Industries
ü Aerospace
ü General Industries
§ Protective Coating market
§ Transportation
§ Others
By country/region, the global Paint & Coatings Market has been divided into :
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Akzo Nobel N.V.
§ Henkel AG & Company
§ PPG Industries
§ Nippon Paint
§ Sherwin Williams Company
§ BASF SE
§ Brillux GmBH
§ Benjamin Moore & Co.
§ Asian Paints Limited
§ Berger Paints India Ltd
§ Caparol
§ Tikkurila Oyg
§ Kansai Paint Co.
§ Cromology SAS
§ Valspar Corporation
§ Dunn-Edwards Paints
§ Meffert AG
§ Jotun Group
§ Axalta Coating Systems
§ Chugoku Marine Parts
§ Hempel Group
§ RPM International Inc.
§ 3M Company
§ MASCO Corporation
§ SK Kaken Co. Ltd
§ KCC Corporation
§ DAI Nippon Toryo
§ Fujikura Kasei and many more
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Paint & Coatings related
investment & spending and developments by major players of the market are
tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Paint & Coatings Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account
2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Paint &
Coatings Market
is done by taking into account various parameters
such as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as AkzoNobel, Henkel,
PPG Industries, Nippon Paint, Sherwin Williams, BASF, Brillux, Benjamin Moore,
Asian Paints, Berger Paints, Dulux, Caparol, Tikkurila, Kansai Paints,
Cromology, Valspar Paint, Dunn-Edwards Paints, Meffert AG, Jotun, Axalta
Coating Systems, Chugoku Marine Parts, Hempel, RPM, 3M, MASCO, SK Kaken, KCC
Corporation, Dai Nippon Toryo, Fujikura Kasei and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Paint &
Coatings Market
caters to the needs of various stakeholders
pertaining to this industry, namely suppliers, manufacturers, investors, and
distributors for Paint &
Coatings Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Paint & Coatings Market
v
Identification
of key factors driving investment opportunities in the Paint & Coatings Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants