Paints and Coatings Market, Size, Share, Outlook and Growth Opportunities 2020-2026
- ID:OGA1809MVC1363
- Published: December-2021
- Pages:110
- OG Analysis
Global Paints and Coatings Market Outlook and Growth Opportunities to 2026: By Resin Type (Polyurethanes, Acrylic, Polyesters, Epoxy, Alkyd, and Others), By Technology (Water-Based, Solvent-Based, High Solids, Powder, and Others), By Application (Architectural, Automotive, Wood, Protective Coatings, General Industrial, Transportation, Packaging, and Others) and By Region
Global Paints and coatings market is poised to report a 4.92% CAGR during the forecast period 2020 to 2026. Increasing construction activities and automotive production across Asia Pacific and Europe regions are driving the paints and coatings market.
New coating technologies are emerging in paints and coatings market, that includes waterborne, high solids coatings, two-component systems, Paints and Coatings, and radiation curable coatings.
Paints and Coatings is one of the heavily regulated industries in the globe, so the manufacturers are forced to use the low solvents and low solvent technologies in the production. As the paints and coatings industry is limited, there are only some key players in global coatings market. The production and consumption are identical, as the business is limited to relatively small quantities of high value product.
Fluctuations in raw material prices and strict government regulations regarding environmental protection are restraining the growth of paints and coatings market.
Nanotechnology led to the development of the new products:
Introduction of new technologies such as nanotechnology has played an important role in the advanced technological enhancements in the coatings industry. Apart from developing zero content formulations, the key players are focusing on the developing nano paints and nano coatings which have superior qualities compared with regular coatings.
The technology includes introduction of the ceramics and the metals in the paints and coatings in various types of formulations. Integration is carried out in the form of granules, free powder and particles which are then inserted in the finished product matrix. Hence, the advanced technology enhancements in the introduction of new products led to the growth of the paints and coatings market.
Acrylic resin market is the dominant type in global paints and coatings market:
Acrylic resin paints and coatings are highly preferred by manufacturers in end use industries such as construction, automotive, architectural and others owing to wide range of applications of acrylic resins in these industries. Moreover, these resins are thermoplastic in nature and possess high chemical and photochemical resistance, therefore these are widely used in various applications. Based on resin types, paints and coatings market is further segmented into polyurethanes, acrylic, polyesters, epoxy, alkyd, and others.
Water based coatings remain as the major technology in global paints and coatings market:
The report analyses the global paints and coatings market based on technology as water-based, solvent-based, high solids, powder, and other technologies. Of these technologies, water based coatings technology accounted for major share in global paints and coatings industry. Owing to their low VOC emissions, less flammability, and stable viscosity, water based coatings are extensively used in various applications including automotive, plastic pellet hoppers, interiors of coal cars and others. As a result, the demand for water based coatings is increased from these applications, which drives the global paints and coatings industry.
Architectural coatings are accelerating the growth of paints and coatings market:
Coatings are used to provide two functions that includes decoration and protection. Among them 45% of the Architectural coatings are used to decorate and protect the new constructions as well as residential homes and apartments, public buildings, and plants and factories. Global residential sector is growing constituently owing to recovering construction industry in Europe, and growing investments from the governments of India and China boosting demand for architectural coatings. Automotive coatings are expected to register the highest CAGR during the forecast period. Another 40% of the coatings are used to decorate and protect the industrial products.
Without the coatings some products are remarkable for such applications then special purpose coatings are used. The special purpose coatings find applications in traffic paints, vehicle refinishing, high performance coatings for industrial plants and equipment, and protection of marine structures and vessels. These specialised coatings are used in the weather conditions such as outside and ambient conditions.
In addition to architectural application, the global paints and coatings market is segmented into automotive, wood, protective coatings, general industrial, transportation, packaging, and other applications.
Rising automotive production in Asia pacific region resulted in high growth of paints and coatings market:
In Asia Pacific region, the countries like China, India, Philippines, and Vietnam are emerging out to be the automobile markets that produces and supplies the automobiles. Many key players in the automobile manufacturers are planning to establish their manufacturing and assembly plants in Asia Pacific region, which is expected to increase the usage of the paintsand coatings in Asia Pacific automobile industries. Factors influencing the growth of market are availability of labour, low raw material prices and rising urban population in the region.
Moreover, Asia Pacific region holds the market share of about 40% among the global paints and coatings market due to the growth in the construction industry in countries like India and China. The constructional sector is driving the paints and coatings market in Asia Pacific region.
North America is expected to grow significantly due to the rise in the residential house sales, coupled with the renovation of the existing houses, is expected to boost the demand for residential construction.
Further, regional analysis is segmented for countries across Europe, South & Central America and Middle East &Africa.
Key players participating in the global paints and coatings market:
Key players that are participating in paints and coatings market globally areAkzoNobel N.V. (Netherlands), BASF SE (Germany), Axalta Coating Systems, LLC (United States), Jotun A/S (Norway), Kansai Paints Company Limited (Japan), The Sherwin-Williams Company (United States), Henkel AG & Co. KGaA (Germany), Brillux GmbH & Co. KG (Germany), DAW SE (Germany), and Cromology (France) among others.
Scope:
Long term perspective on the Paints and Coatings industry: 2019 (base year), 2020- 2026 (forecast period)
Paints and Coatings Market- Forecasts by Segments- Resin Type, Technology and Application by geography.
- It provides the paints and coatings market outlook by 6resin types including polyurethanes, acrylic, polyesters, epoxy, alkyd, and others.
- It provides the paints and coatings market outlook by 5technologies including water-based, solvent-based, high solids, powder, and others.
- It provides the paints and coatings market outlook by 8applications including architectural, automotive, wood, protective coatings, general industrial, transportation, packaging, and others.
- Paints and coatings market across countries in 5 regions including Asia-Pacific, Europe, North America, South & Central America, and Middle East & Africa, are covered.
Paints and Coatings Market- Strategic Analysis Review
- Key strategies opted by leading players
- Short to Long Term Industry Trends
- Porter’s Five Forces Analysis
- Supply side and Demand Side Drivers and Challenges
Paints and Coatings Market- Growth Opportunities
- Potential New Business Opportunities
- Key Areas of Focus in forecast period
Paints and Coatings Market- Competitive Scenario
- 10 companies are analysed in the report including AkzoNobel N.V. (Netherlands), BASF SE (Germany), Axalta Coating Systems, LLC (United States), Jotun A/S (Norway), Kansai Paints Company Limited (Japan), The Sherwin-Williams Company (United States), Henkel AG & Co. KGaA (Germany), Brillux GmbH & Co. KG (Germany), DAW SE (Germany), and Cromology (France).
- Company Peer-to-Peer Comparison
- Company Profile and SWOT Analysis
- Financial Analysis
1. Table of Contents
1.1 List of Tables
1.2 List of Figures
2. Global Paints and Coatings Industry Overview
2.1 Key Findings
2.2 Market Definition
2.3 Industry Overview
2.4 Report Guide and Research Methodology
3. Executive Summary
3.1 Key Trends Shaping the Future of Paints and Coatings Market to 2026
3.2 Key focus areas of Leading Manufacturers in the market
3.3 Potential Application Segments with strong growth prospects, 2020- 2026
3.4 Key Emerging Markets vital for growth of Paints and Coatings Market
3.5 Prominent Types of Paints and Coatings set to Gain Market Shares, 2020- 2026
4. Paints and Coatings Market Strategic Analysis Review
4.1 Porter's Five Forces Analysis of Global Paints and Coatings Market
4.2 Supply Chain Analysis of Paints and Coatings Industry
4.3 Pricing Analysis and Forecasts
4.4 SWOT Analysis
Key Strengths of Investing in Paints and Coatings Market
Major Weaknesses Facing Companies Operating in Paints and Coatings Market
Potential Opportunities in Paints and Coatings Market
Potential Threats in Paints and Coatings Market
5. Global Paints and Coatings Market Outlook and Growth Opportunities
5.1 Global Paints and Coatings Market Outlook by Type, 2020- 2026
5.2 Global Paints and Coatings Market Outlook by Application, 2020- 2026
5.3 Global Paints and Coatings Market Outlook by Region, 2020- 2026
6. Asia Pacific Paints and Coatings Market Outlook and Growth Opportunities
6.1 Introduction
6.2 Asia Pacific Paints and Coatings Market Outlook by Type, 2020- 2026
6.3 Asia Pacific Paints and Coatings Market Outlook by Application, 2020- 2026
6.4 Asia Pacific Paints and Coatings Market Outlook by Country, 2020- 2026
6.5 Leading Companies
7. Europe Paints and Coatings Market Outlook and Growth Opportunities
7.1 Introduction
7.2 Europe Paints and Coatings Market Outlook by Type, 2020- 2026
7.3 Europe Paints and Coatings Market Outlook by Application, 2020- 2026
7.4 Europe Paints and Coatings Market Outlook by Country, 2020- 2026
7.5 Leading Companies
8. North America Paints and Coatings Market Outlook and Growth Opportunities
8.1 Introduction
8.2 North America Paints and Coatings Market Outlook by Type, 2020- 2026
8.3 North America Paints and Coatings Market Outlook by Application, 2020- 2026
8.4 North America Paints and Coatings Market Outlook by Country, 2020- 2026
8.5 Leading Companies
9. Rest of World (RoW) Paints and Coatings Market Outlook and Growth Opportunities
9.1 Introduction
9.2 Rest of World (RoW) Paints and Coatings Market Outlook by Type, 2020- 2026
9.3 Rest of World (RoW) Paints and Coatings Market Outlook by Application, 2020- 2026
9.4 Rest of World (RoW) Paints and Coatings Market Outlook by Country, 2020- 2026
9.5 Leading Companies
10. Paints and Coatings Market Market Forecast by Application Segment
10.1 Global Paints and Coatings Market Outlook by Application
11. Paints and Coatings Market Forecast by Type
11.1 Global Paints and Coatings Market Outlook by Type
12. Competitive Landscape
12.1 Leading Players
12.2 Market Shares of Top Companies in Revenue Terms, 2019
12.3 Company Benchmarking (Peer-to-Peer Comparison)
12.4 Product Benchmarking (Competitive Product Matrix)
12.5 Financial Analysis
13. Business Profiles of Leading Paints and Coatings Companies
14. Paints and Coatings Market Recent News and Deals Landscape
14.1 Mergers and Acquisitions
14.2 Paints and Coatings Market New Product Launches
14.3 Asset Transactions
14.4 Financial Announcements
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