Global Paints and Coatings Market – Size, Share and Forecast (2018-2025)

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 Paints and Coatings Market

  • The Global Paints and Coatings market was valued at USD xx million in 2017 and is forecasted to reach USD xx million by 2025, with a CAGR of xx% during the forecast period (2018-2025).
  • The global paints and coatings market experienced good growth in 2017 due to the increase in sales of architectural coatings. However, industrial coatings and automotive coatings also showed a nominal growth but not as high as that of architectural coatings.


Booming United States architectural coatings will surge the global paints and coatings market in the coming future

The paints and coatings industry is saturated in the United States. Architectural coatings are a type of sheets used in the building and construction industry. Mostly, architectural coatings are designated for specific applications such as roof coatings, wall paints, or deck finishes and are mainly employed for performing particular decorative, durable, and protective functions. In the United States, waterborne coatings dominate the architectural coatings market. Acrylic latexes continue to find widespread use in both interior and exterior applications. Water-based alkyd and polyurethane technologies have also advanced significantly and find use in various architectural forms, as do some waterborne epoxy and silicon-based solutions. The growing number of company-owned stores and the increasing importance of national home centers are the major driving factors of growth in architectural coatings.


Increasing construction activities in Asia-Pacific will surge the paints and coatings market in this region

The growth of decorative coatings is majorly driven by high construction activities. Construction activities are gaining attention in the Asia Pacific owing to increasing building and construction industry in the countries such as China and India. In 2017, European construction activity grew by 3.5%, and Chinese construction activity rose by 10% in 2017.


Auto refinish coatings are driven by the number of automotive on the road. Asia-Pacific is holding the dominant market share of total automotive refinish coatings market


Globally, vehicle usage is more in Asia-Pacific followed by Europe and North America with 34%, 30%, and 25% respectively. Increasing per capita income is the primary driver for the growth of automotive consumption in developed and emerging countries in the world. Growing automotive consumption will boost the market for refinishing paints and coatings market during the forecast period.


Global Paints and Coatings Market Segmentation

The report is classified based on Geographies such as North America, South America, Europe, Asia-Pacific, and Rest of the world. Asia accounts for 52% of the volume and 45% of the value of the global coatings market. Not only is Asia the largest market, but it is also the fastest growing market in 2017 owing to factors such as increasing consumption of decorative coatings, expanding number automotive, increasing interest of premium automotive coatings and so on.


The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles. Paints and Coatings Market is segmented based on the formulation such as water-based, solvent-based, powder based and others. The market also classified based on the application into architectural coatings, OEM coatings, and special purpose coatings. Also, the market is categorized by product type, which includes Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, and others.


The report profiles the following companies, which includes PPG industries, AkzoNobel NV, Axalta Coating Systems, The Sherwin Williams, Nippon Paints, RPM International Inc., BASF SE, Jotun, and many more.


Paints and Coatings market Report Scope

Formulation

  • Water Based
  • Solvent Based
  • Powder Based
  • Others


By Application

  • Architectural Coatings
  • OEM Coatings
  • Special Purpose Coatings


By Product Type

  • Alkyd
  • Acrylic
  • Epoxy
  • Polyurethane
  • Polyester
  • Others


By Region

  • Asia Pacific
  • Europe
  • North America
  • South America
  • Rest of the World

 

Why purchase the report?

  • Visualize the composition of the Paints and Coatings market across each indication, regarding Formulation, product type, and applications, highlighting the critical commercial assets and players.
  • Identify commercial opportunities in Paints and Coatings market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of the Paints and Coatings market level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the essential Paints and Coatings market products of all major market players.


Target Audience

  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Global Paints and Coatings Market

1.Paints and Coatings Market – Methodology and Scope

1.1 Research methodology

1.2 Scope of the Report

2. Paints and Coatings Market – Headlines & Trends

2.1 Headlines

2.2 Key Trends & Developments

3. Paints and Coatings Market – Industry Analysis

3.1 Market Drivers

3.2 Market Restraints

3.3 Porter’s five forces Analysis

3.3.1 Buyer power

3.3.2 Supplier power

3.3.3 Industry Competition

3.3.4 Threat of new entrant

3.3.5 Threat of Substitutes

3.4 Patent Analysis

4. Segmentation by Product Type

4.1 Acrylic

4.2 Alkyd

4.3 Epoxy

4.4 Polyurethane

4.5 Polyesters

4.6 Others

5. Segmentation by Formulation

5.1 Water-Borne Coatings

5.2 Solvent-Borne Coatings

5.3 Powder Based Coatings

5.4 Others (UV-Curable Coatings)

6. Segmentation by Application

6.1 Architectural Application

6.1.1 Residential

6.1.2 Non-Residential

6.1.3 Infrastructure

6.2 OEM Coatings

6.2.1 General Industrial

6.2.2 Automotive OEM Coatings

6.2.3 Wood Coatings

6.2.4 Coil Coatings

6.2.5 Packaging

6.2.6 Others

6.3 Special Purpose Coatings

6.3.1 Protective Coatings

6.3.2 Marine Coatings

6.3.3 Auto Refinish Coatings

6.3.4 Others

7. Geographic Analysis

7.1 North America

7.1.1 United States

7.1.2 Mexico

7.1.3 Canada

7.1.4 Rest of North America

7.2 South America

7.2.1 Brazil

7.2.2 Argentina

7.2.3 Rest of South America

7.3 Europe

7.3.1 United Kingdom

7.3.2 Spain

7.3.3. Germany

7.3.4 France

7.3.5 Russia

7.3.6 Rest of Europe

7.4 Asia-Pacific

7.4.1 India

7.4.2 China

7.4.3 Japan

7.4.4 Australia

7.4.5 Rest of Asia-Pacific

7.5 Rest of the World

8. Competitive Landscape

8.1 Market Share Analysis

8.2 Company Benchmarking

8.3 Key Strategies Adopted by Major Companies

9. Company Profiles

9.1 PPG Industries

9.2 AkzoNobel N.V

9.3 Axalta Coating System LLC

9.4 BASF SE

9.5 Kansai Paints Co., Ltd

9.6 Nippon Paint Holdings Co., Ltd

9.7 Asian Paints Limited

9.8 RPM International Inc

9.9 Sherwin-Williams Company

9.10 Behr Process Crop.

9.11 Beckers Group

9.12 Hempel

9.13 DAW

9.14 Tikkurila

9.15 Brillux

10. Appendix

10.1 Sources

10.2 List of Tables

10.3 Expert Panel Validation

10.4 Disclaimer

10.5 Contact Us

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