Paints & Coatings Market was worth USD 137.78 billion in 2014 and is expected to reach approximately USD 220.04 billion by 2023

Crystal Market Research has announced the addition of “Paints & Coatings Market Analysis and Forecasts 2018-2023” Market Research report to their database.

The Paints & Coatings Market was worth USD 137.78 billion in 2014 and is expected to reach approximately USD 220.04 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.34% during the forecast period.

Paints & Coatings – Competitive Insights:

The leading players in the market are Axalta Coating Systems, PPG, AkzoNobel, Nippon Paint, Jotun Group, BASF, Valspar, RPM International Inc and Sherwin-Williams. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

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Paints & Coatings – Industry Outlook and Trend Analysis:

The growth is attributable to growing utilization in various end-use industries such as automotive, marine, construction and industrial to be the major ones. Despite the fact the several of these factors are outside the ability to control of coats and glaze formulators, raw material, manufacturers and merchants and marketers, the industry has quickly reacted incredibly to these essential changes in market situations. This has been conceivable attributable to the advent of different imaginative manufacturing procedures and technologies that pushed the business players to in a flash alleviate to various potential negative effects and amplified their chances for carrying development to the decorates & glaze products.

Paints & Coatings – Product Outlook and Trend Analysis:

Waterborne formulations were the biggest product fragment which generated income worth of over USD 49.70 billion in 2016. Water-based coats fragment is anticipated to witness significant development over the estimate time frame inferable from expanding request from a few application divisions including furniture, construction and automobile industries. Solvent-based formulations are the most ordinary ones for manufacturing the completed compositions. Lacquer thinner, aliphatic hydrocarbons, toluene and xylene are the absolute most usually used solvents in the business. The solvent-based product market has experienced a change in outlook because of unfavourable consequences on the environment in view of unstable natural mixes in petrochemical solvents.

Paints & Coatings – Material Type Outlook and Trend Analysis:

Acrylic segment was the biggest material section, which was esteemed over USD 60.50 billion in 2016 and is foreseen to become significantly over the figure time frame inferable from its phenomenal adjustment and weathering properties. Acrylic resins are generally used as a part of water reducible and emulsion resins for assembling of coats and varnishes. Its qualities incorporate weather/UV resistance, optical clarity, and excellent dimensional stability. The thermoplastic idea of acrylic is favourable over epoxy and polyester. Polyurethane was the quickest developing raw material fragment inferable from its incredible properties of long term protection from corrosion and retaining gloss.

The Paints & Coatings Market is segmented as follows-

Paints & Coatings – By Product:



High solids/radiation curing



Paints & Coatings – By Material:







Paints & Coatings – By Application:


Architectural & Decorative

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Paints & Coatings – Application Outlook and Trend Analysis:

The decorative and architectural coats section is the biggest application fragment in 2016. The architectural coatings demand is expected to develop at a CAGR of more than 4.5% over the figure time frame.  Expanded construction spending in rising nations is foreseen to trigger the interest for kinds of varnishes and coats in structures and development, which thus is foreseen to drive the development of this division. The surging demands for coats by water-based and powder based coatings because of changing customer inclination is foreseen to profit the general product demand.

Paints & Coatings – By Region:

North America – U.S, Canada, Mexico

Europe – Germany, France, UK, Italy, Spain, Rest of Europe

Asia-Pacific – Japan, China, Australia, India, South Korea, Rest of Asia Pacific

Rest of the World – Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Paints & Coatings – Regional Outlook and Trend Analysis:

Asia Pacific was the biggest territorial market in 2016 that generated an aggregate income of more than 16.20 million tons around the same time. The locale is likewise anticipated to be the quickest developing business sector over the figure time frame. Quickly extending construction and automobile enterprises in the district is foreseen to be the main considerations driving interest for these products over the figure period. Demand in the North American locale was assessed to be around 11.10 million tons in 2016 and is foreseen to develop with a significant CAGR over the gauge time frame.

Paints & Coatings – ToC:

Chapter 1. Introduction
1.1.Report Description

Chapter 2. Executive Summary

Chapter 3. Market Overview

Chapter 9. Company Profiles

9.1. PPG Industries, Inc
9.1.1.Business Overview
9.1.2.Product Portfolio
9.1.3.Strategic Developments
9.1.4.Sales, Revenue and Market Share

9.2. AkzoNobel
9.2.1.Business Overview
9.2.2.Product Portfolio
9.2.3.Strategic Developments
9.2.4.Sales, Revenue and Market Share

9.3. Sherwin-Williams Co.
9.3.1.Business Overview
9.3.2.Product Portfolio
9.3.3.Strategic Developments
9.3.4.Sales, Revenue and Market Share

9.4. Axalta coating system
9.4.1.Business Overview
9.4.2.Product Portfolio
9.4.3.Strategic Developments
9.4.4.Sales, Revenue and Market Share

9.5. RPM International Inc.
9.5.1.Business Overview
9.5.2.Product Portfolio
9.5.3.Strategic Developments
9.5.4.Sales, Revenue and Market Share

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Paints & Coatings – Data Mining:

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Reason to Buy – 

  1. Highlights key business priorities in order to assist companies to realign their business strategies.
  2. The key findings and recommendations highlight crucial progressive industry trends in the Paints & Coatings market, thereby allowing players to develop effective long term strategies.
  3. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  4. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  5. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.


About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customised research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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