The new report by Expert Market Research titled, ‘Global Paints and Coatings Market Report and Forecast 2021-2026’, gives in-depth analysis of the global paints and coatings market, assessing the market based on its segments like resin type, technology, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents – https://bityl.co/CjlV
The key highlights of the report include:
Market Overview (2016-2026):
- Historical Market Size (2020): USD 160 Billion
- Forecast CAGR (2021-2026): 4%
- Forecast Market Size (2026): USD 202 Billion
Global paints and coatings market is expected to see increased demand from the architectural industry, which will help the industry grow during the forecast period. On the other hand, fluctuating raw material prices due to volatility in crude costs is a limiting factor that could stymie the growth of the paints and coatings industry during the forecast era. Anti-corrosive safety and nano-coatings are examples of emerging developments that have resulted in products that can help the industry develop and better meet market demand. The products produced are becoming more environmentally friendly and perform better. The industry’s potential growth is expected to be aided by increasingly better goods.
Industry Definition and Major Segments
Paints and coatings are chemicals that are applied to a good’s surface material to protect it from corrosion and rusting, thus improving the goods’ longevity. They may also improve the appearance of the products thus extending their lifespan.
Based on the resin type, the market can be classified into:
Based on the technology, the market can be segmented into:
Based on application, industry can be segmented into:
Industrial paints and coatings can be further divided into the following:
- General Industrial
- Automotive and Transportation
- Aerospace and Marine
Based on region, the market is segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
One of the major factors driving the global paints and coatings market is the rising demand for high-performance coatings. Because of their resistance to severe conditions, the coating is likely to be used in industrial piping, tank exteriors, offshore platforms, and containers for inoculation of more important instruments for safety. High-performance coatings are also commonly used in the marine and aerospace industries, in addition to general industrial applications. The expansion of these coatings’ application scope is expected to drive rapid growth in the coming years. In the coming years, the expansion of the transportation industry is expected to provide crucial growth opportunities for coatings products.
Read Full Report with Table of Contents – https://bityl.co/Cjl6
Furthermore, during the assessment era, the increasing demand for paints and coatings in the shipbuilding and pipeline industries is expected to provide lucrative market opportunities. Due to the region’s rapid architectural and industrial development, the Asia Pacific market is expected to expand significantly. Global paints and coatings market growth is expected to be fuelled by the rapid development of automotive production in Asia-Pacific and the expansion of the general industrial sector around the world.
Key Market Players
The major players in the market are PPG Industries Inc., Akzo Nobel N.V., Nippon Paint Holdings Co., Ltd., BASF SE, The Sherwin-Williams Company, RPM International Inc., Beckers Group, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
Media Contact :
Company Name: Claight Corporation
Contact Person:-Ian Bell, Business Consultant
Email: [email protected]
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Read More Reports:
United States Powder Coatings Market: https://redskins101.com/united-states-powder-coatings-market-to-be-driven-by-the-rising-demand-from-automotive-industry-forecast-period-of-2021-2026/
United States E-Cigarette and Vape Market: https://redskins101.com/united-states-e-cigarette-and-vape-market-to-be-driven-by-the-rising-demand-for-tobacco-alternatives-in-the-region-in-the-forecast-period-of-2020-2025/
United States Medical Cannabis Market: https://redskins101.com/united-states-medical-cannabis-market-to-be-driven-by-the-ageing-population-in-the-region-in-the-forecast-period-of-2021-2026/
Global Cancer/Tumour Profiling Market: https://redskins101.com/global-cancer-tumour-profiling-market-to-be-driven-by-the-rising-global-incidence-of-cancer-and-the-use-of-biomarkers-in-tumour-profiling-in-the-forecast-period-of-2021-2026/
Global Tumour Necrosis Factor Inhibitor Drugs Market: https://redskins101.com/global-tumour-necrosis-factor-inhibitor-drugs-market-to-be-driven-by-prevalence-of-several-inflammatory-disorders-and-growing-demand-amongst-the-geriatric-population-in-the-forecast-period-of-2021-20/
Also, Check Procurement Intelligence which provides you Infallible research solutions.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.