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PRESS RELEASE
Published March 30, 2023
Exactitude Consultancy Market Research analyses that the Paints & Coatings market will witness a CAGR of 3.4% for the forecast period of 2023-2028 and is likely to reach at USD 227 billion by 2028 from USD 180 billion in 2022.
The Paints & Coatings Market Research Report includes in-depth research and insights into the market size, revenues, important categories, growth drivers, limiting factors, and regional industrial presence. The goal of the market research study is to extensively explore the Chemical and Material industry and obtain an understanding of the business and its economic potential. As a consequence, the client gains wide information about the industry and business from the past, present, and future viewpoints, allowing them to spend money and deploy resources wisely. This report is 220 pages long and includes a detailed table of contents, a list of figures, tables, and charts, as well as significant analysis.
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Years considered for this report:
Historical Years: 2018-2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2029
Paints & Coatings Market to Be Driven by Rise in Demand for Eco-Friendly Coating Products
The use of low-VOC and environmentally friendly technologies, such as water-based coatings, powder coatings, and UV-curable coatings, is becoming more and more popular in the paints and coatings sector. The change is linked to several regions, including North America and Europe, passing strict controls on VOC emissions. In the Asia Pacific region, people are becoming more aware of VOC emissions. During the projection period, it is predicted that this would increase demand for low-VOC water-based coatings. The demand for water-based paints and coatings is increasing as people’s knowledge of how coating products affect the environment and human health, as well as their focus on sustainable alternative technologies.
An increase in construction work and government funding for public infrastructure projects would boost the market.
The increase in urbanisation and population is expected to cause the building and construction sector to expand quickly during the next years. In the upcoming years, urbanisation and shifting lifestyles are anticipated to push the global construction sector. Global spending on housing and infrastructure construction has increased due to population growth and bettering economic circumstances. Infrastructure and structures are frequently decorated and protected with paints and coatings.
Paints & Coatings Market: Demand Analysis and Opportunity Outlook to 2023-2028
The Paints & Coatings study defines the market size of various segments and countries by historical years and forecasts the value for the next 7 years. The report brings together qualitative and quantitative elements of the Paints & Coatings industry, including: market share, market size (value and volume 2017-2022, and forecast to 2023-2028), in the highly competitive market for each country concerned Express appreciation. Furthermore, the study also caters and provides in-depth statistics on the key elements of Paints & Coatings, which includes drivers and restraints that help in estimating the future growth prospects of the market.
The study pays attention to the loftiest revenue-generating and highest growing segments of the Paints & Coatings market. This makes the research document accurately organized and systematic alongside encouraging a simpler understanding of each facet covered in this report. Major Key players profiled in the report include: AkzoNobel N.V. (Netherlands), PPG Industries (US), Sherwin-Williams (US), RPM International (US), and Nippon Paint (Japan) and others.
Some of the key developments are:
- On May 25, 2022, BASF expanded its Automotive Coatings Application Center at the Coatings Technology Center in Mangalore, India. It is an integral part of BASF’s existing research and development (R&D) facilities for automotive coatings solutions. BASF also operates Automotive Coatings Application Centers in Shanghai, China; Totsuka, Japan; and Bang Pu, Thailand, in Asia Pacific.
- On June 1, 2022, Akzo Nobel reached an agreement with Kansai Paint to acquire its paints & coatings activities
Paints & Coatings Market Segmentation:
Paints & Coatings Market by Technology, 2023-2028, (IN USD Million)
- Waterborne
- Solvent borne
- Powder Coatings
- Others
Paints & Coatings Market by Resin, 2023-2028, (IN USD Million)
- Acrylic
- Alkyd
- Epoxy
- Polyester
- Polyurethane
- Vinyl
- Fluoropolymer
- Others
Paints & Coatings Market by Application, 2023-2028, (IN USD Million)
- Architectural
- Industrial
- Others
Read Detailed Index of Full Research Study @
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Geographically, the following regions were investigated:
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Key market aspects are illuminated in the report:
Executive Summary: It covers a summary of the most vital studies, the Paints & Coatings market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Paints & Coatings market, the years measured, and the study points.
Company Profile: Each Firm well-defined in this segment is screened based on a product, value, SWOT analysis, their ability and other significant features.
Manufacture by region: This Paints & Coatings report offers data on imports and exports, sales, production and key companies in all studied regional markets
What is the purpose of this report?
- A thorough review of the Paints & Coatings market, including regional markets.
- Comprehensive coverage of all segments of the Paints & Coatings market to assess trends, developments and market size forecasts till 2023-2028.
- A thorough examination of deals involved in the Paints & Coatings market including product portfolio, revenue, SWOT analysis and recent company advancements are examined in the company profile.
- The growth matrix analyzes the product categories and geographic regions in which market companies should focus their efforts to invest, consolidate, expand and/or diversify.
There are 13 Sections to show the Paints & Coatings market:
Chapter 1: Paints & Coatings Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
Chapter 2: Market Competition by Manufacturers
Chapter 3: Production by Regions
Chapter 4: Consumption by Regions
Chapter 5: Production, By Types, Revenue, and Market share by Types
Chapter 6: Consumption, By Applications, Market share (%), and Growth Rate by Applications
Chapter 7: Complete profiling and analysis of Manufacturers
Chapter 8: Manufacturing cost analysis, Raw materials analysis, Region-wise manufacturing expenses
Chapter 9: Industrial Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Paints & Coatings Market Forecast
Chapter 13: Paints & Coatings Market Research Findings and Conclusion, Appendix, methodology, and data source
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Key questions answered in the report include:
- What is the growth potential of the Paints & Coatings market?
- Which regional markets will emerge as leaders in the next few years?
- What are the key challenges facing the Paints & Coatings market in the future?
- Who are the most prominent players in the global Paints & Coatings market?
- What are the key trends positively impacting market growth?
Key Points from TOC:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Global Statistics — Key Countries
- New Product Launches
- Pipeline Analysis
- Regulatory Scenario — Key Countries
- Recent Industry Developments — Partnerships, Mergers and Acquisitions
- Global Market Analysis, Insights and Forecast
- Key Findings/ Summary
- Market Analysis — By Product Type
- Market Analysis — By Distribution Channel
- Market Analysis — By Countries/Sub-regions
- Competitive Analysis
- Key Industry Developments
- Global Market Share Analysis
- Competition Dashboard
- Comparative Analysis — Major Players
- Company Profiles
- Overview
- Products and Services
- SWOT Analysis
- Recent developments
- Major Investments
- Regional Market Size and Demand
- Strategic Recommendations
TOC Continued……………….
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Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
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