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.
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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.
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 :
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By technology, the global Paint & Coatings Market is also classified into :
- Powdered Coatings
- Pressure Sensitive Adhesive
- UV Coatings
- UV Cured Coatings
By application, the global Paint & Coatings Market is also classified into :
- Architectural & Decorative
ü Automotive OEM
ü Automotive Refinish
ü Marine Industries
ü Packaging Industries
ü General Industries
- Protective Coating market
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
- 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.
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.
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
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