Paints and Coatings Market Insights Focusing on Primary Trends & Opportunity until 2025 |AkzoNobel, PPG Industries, Ltd, Asian Paints Limited

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The global paints and coatings market is projected to reach more than 62 million tons over the forecast period. The most demand growth for the projected period is anticipated in Asia-Pacific regions because of increased disposable income (specifically in China & India).

Increase in the construction and renovation activities across the globe due to rising urbanization, digitization, industrialization, immigration towards to urban centers owing to rising employment opportunities, educational institutes for advanced education, rising population, surging need of infrastructure for hospitals, schools, colleges, residential complexes, commercial complexes for the set up of several new and emerging businesses, growing startup culture among the individuals, increasing demand for recreation activities due to rising disposable incomes of the individuals in these places are the major factors that are contributing to the growth of global paints and coatings market over the forecast period. Further, rise in number of industries and factories for the production of new devices, products and equipment, along with machinery that require coatings of paints and several other chemicals for their protection are further creating opportunities for the growth of the global paints and coatings market over the coming years.

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Paints and coatings are applied over various parts on several machines to keep them safe from external factors such as oil, dust, dirt, pollution, moisture, water droplets, air and others, as well as to keep them from getting rusted, and hence increasing the life of the equipments. These are the factors which are fueling the popularity of coatings and paints across several industries and thereby propelling the expansion of global paints and coatings market over the coming years. Paints and coatings have major applications in industries such as automobiles, electronics, construction and infrastructure, and several others. Along with the beneficial properties, paints and coatings makes the equipments and walls look eye pleasing hence adding up to the aesthetics of the place, thereby creating opportunities for the market growth over the analysis time frame. However, rising cases of corona virus pandemic has caused shut downs of factories and industries, which is hampering the market growth in recent times.

Various drivers contributing in the growth of paints and coatings market comprise of green environmental regulations, increasing construction activities across the globe, and provision of durable coating with good performance as well as aesthetics. In the next few years, an increase in the number of applications for these coatings would likely lead to strong growth.

In terms of technology, the global paints and coating market is segmented into Waterborne Technology, Solvent borne Technology, Powder Coating, Others. Similarly, in terms of application, the global paints and coatings is segmented into Architectural and industrial.

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Table of Content:

Chapter 1    Introduction

Chapter 2    Research Methodology

Chapter 3    Executive Summary

Chapter 4    Market Outlook

Chapter 5    Paints & Coatings Market by Type

Chapter 6    Paints & Coatings Market by Application

Chapter 7    Paints & Coatings Market By Region

Chapter 8    Competitive Landscape

Chapter 9    Company Profiles

            9.1    AkzoNobel N.V.

            9.2     PPG Industries, Inc

            9.3    The Sherwin-Williams Company

            9.4    Axalta Coating Systems LLC

            9.5    Jotun A/S

            9.6    Nippon Paint Holdings Co., Ltd

            9.7    Asian Paints Limited

            9.8    Kansai Paint Co., Ltd.

            9.9    RPM International Inc.,

            9.11    Other Players

            9.12    Hempel A/S

            9.13    Berger Paints India Limited

            9.14    Shalimar Paints

            9.15    Masco Corporation

            9.16    BASF Coatings GmbH

            9.17    S K Kaken Co., Ltd.

            9.18    Beckers Group

            9.19    Dunn-Edwards Corporation

            9.20    Tiger Coatings GmbH & Co. KG

            9.21    SACAL International Group Ltd

            9.22    Diamond Vogel Paint Company

            9.23    Vista Paints Corporation

            9.24    Indigo Paints PVT Ltd

            9.25    Kelly-Moore Paints

            9.25     Tikkurila OYJ

Chapter 10    Appendix

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Organization: Adroit Market Research