Paints and Coatings Market Insights, Opportunity Analysis, and Industry Forecast till 2025

Paints and coatings are liquid or semisolids materials that are applied or sprayed to a substrate in the form of a thin layer, which forms a solid film over time. It is used to enhance aesthetic appeal, protect and color buildings, walls, objects, equipment, among others. It is a mixture of polymer particles called binders, various surfactants, pigments, solvents, and processing aids. Asia Pacific and Middle East are expected to be the fastest growing markets during the forecast period. The solvent-based paints such as those used for waterproofing and flame proofing are gaining traction.

The market has witnessed a wave of innovative products being developed and players focusing on expanding their regional footprint. Development of Nano InvisiPrint system, anti-finger prints solution for electronic display, developed by Nanotechnologies (NBD) on February 7, 2017. On January 31, 2017, Evonik set up a new research laboratory in Istanbul, Turkey, which will help Evonik, to expand in the Middle East. On September 8, 2016, Australian National University (ANU) developed a water repelling spray that finds application in the aerospace and mobile phone industries, among others.

The global paints and coatings market was valued at US$ 137.25 billion and 46,686.09 kilo tons in 2016, and is expected to expand at a CAGR of 5.6% in terms of revenue and 4.8% in terms of volume during 2018– 2025.

Request For Sample Copy of this Research Report:

https://www.coherentmarketinsights.com/insight/request-sample/328

Growth of decorative paints segment is expected to boost the paints and coatings market growth

In 2016, major market share was obtained by Asia Pacific, followed by North America and Europe in the global paints and coatings market, in terms of both of value and volume. Moreover, this trend is expected to remain the same over the forecast period. In 2016, Asia Pacific held a share of 43.45% in terms of volume, followed by Europe (20.23%). Increasing population, increased urbanization, and growing retail and hospitality sectors in Asia Pacific region is leading to rising demand for supportive infrastructure. This is expected to fuel growth of the global paints and coatings market over the forecast period.

Multinational players need to tap potential addressable market in emerging economies with the help of geographical expansion

Product portfolio expansion and geographical expansion are the key market trends, which are expected to shape the industry in the near future.

Major players in the global paints and coatings market include PPG, The Sherwin-Williams Co., RPM International Inc., The Valspar Corp., Axalta Coating Systems, BEHR, Benjamin Moore & Co., Dunn-Edwards Corporation, Ennis-Flint, Shawcor Ltd., Nippon Paints, Kelly-Moore Paints Co. Inc, Cloverdale Paints Inc., Innovative Chemical Products Group, Vogel Paints Inc., Yenkin Majestic Paints Corp., Tnemec Company Inc, Elantas Pdg Inc, True Value Company, Vista Paints.

For More Information:

https://www.coherentmarketinsights.com/market-insight/paints-and-coatings-market-328

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah

Coherent Market Insights

1001 4th Ave,

#3200

Seattle, WA 98154

Tel: +1-206-701-6702

Email: sales@coherentmarketinsights.com

Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email:sales@coherentmarketinsights.com