Paints and Coatings Market: Global Forecasts from 2018 to 2023 – Growing Demand from the Building & Construction Industry and Increase in Car Ownership in Developed Countries – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Paints
and Coatings Market – Forecasts from 2018 to 2023" report has
been added to ResearchAndMarkets.com's offering.

The paints and coatings market was valued at US$172.28 billion in 2017
and is projected to reach US$223.89 billion by 2023 exhibiting a CAGR of
4.46% during the forecast span of 2018-2023.

Growing demand from the building and construction industry, increase in
car ownership in developed countries, rapid urbanization and increasing
consumption are some the key factors driving the Global paints and
coatings market growth globally.

Increasing use in end-user industry has propelled demand for environment
friendly, non-hazardous, VOC compliant paints and coatings. Other
factors include high demand arising from residential, non-residential,
automotive, and other industrial applications. Low raw material cost and
crude oil prices, also provide a conducive environment for the growth of
this market. Few of the major challenges to the market growth include
lack of product differentiation and environmental concern regarding the
VOC content in paints and coatings. High economic growth rate and
improvement in industrial activity have enabled the Asia-Pacific region
to achieve the highest CAGR over the forecasted period.

Finally, competitive intelligence section deals with major players in
the market, their market shares, growth strategies, products,
financials, and recent investments among others.

Report Segmentation

By Type

• Architectural/Decorative Coatings
• Industrial OEM Coatings
• Special Purpose Coatings

By Product

• Coatings
• Radiation-Curable Coatings
• Solvent-borne Coatings
• Paints
• High-Solids Paints
• Waterborne Paints

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Paints and Coatings Market Forecast by Type (US$ billion)

6. Paints and Coatings Market Forecast by Product (US$ billion)

7. Paints and Coatings Market by Geography (US$ billion)

8. Competitive Intelligence

9. Company Profiles

• Asian Paints Limited
• Axalta Coating Systems
• BASF
• Chugoku Marine Paints
• Hempel
• Kansai Paint
• Nippon Paint
• PPG Industries
• Sherwin-Williams Company
• Valspar Corporation

For more information about this report visit https://www.researchandmarkets.com/research/9bw9bh/paints_and?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
[email protected]
For
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related
Topics: Paints
and Coatings