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Paints & Coatings Market By Standard (Premium, Medium, Economy), By End-Users (Architectural Coatings, Industrial Coatings, Special Purpose Coatings) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Paints & coatings are applied to the surface of any object for two major reasons; protection or decoration. Paints & coatings are generally referred to as substrate which can be used as function or decorative material. These coatings are primarily used as a protective substrate for various applications in a number of end-user industries. Coatings offer benefits such as corrosion and wear resistance, adhesion and wetability among others. In case of decide fabrication, the coating offers benefits such as electrical conductivity and magnetic response.

Rising population in the emerging economies such as Asia Pacific, especially China and India has led to high demand for residential projects in the region. This has led to the growth of paints & coatings industry in the region. High demand from the construction industry is the major factor driving the growth of global paints & coatings market. Increasing demand for automobiles worldwide has increased demand for coatings. Paints & coatings are widely used in the automotive industry to protect the automobiles from corrosion. Hence, high demand is reported for paints & coatings from the automotive industries in Asia Pacific. Therefore, Asia Pacific is the largest and fastest growing market for paints & coatings. Europe followed Asia Pacific in terms of demand and is expected to boost market growth for paints & coatings due to high expenditure on commercial and residential projects in the region. North America and other regions are also expected to boost market growth for paints & coatings in the near future.

Paints & coatings market is expected to reach over US$ 196.5 Bn by 2022, growing at a CAGR of more than 5.0% during the forecast period 2015-2022. 

Paints & Coatings Market

Purpose of the Report

The purpose of this strategic research study titled “Global Paints & Coatings Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global paints & coatings market.

Target Audience

  • Industry Investors
  • Paints & Coatings Providers/Vendors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Research Institutes

USP and Key Offerings

The report titled “Global Paints & Coatings Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” offers strategic insights into the global paints & coatings market along with the market size and estimates for the duration 2015 to 2022. The said research study covers in-depth analysis of multiple market segments based on end-user applications, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading paints & coatings vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within paints & coatings industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global paints & coatings market, of growth, offering market size and estimates for the period from 2015 to 2022, keeping in mind the above mentioned factors.

On the basis of its application, the paints & coatings market is categorized into following end-user segments:

  • Architectural Coatings
  • Industrial Coatings
  • Special Purpose Coatings
  • Others (Marine, etc.)

Paints & Coatings Market

Based on end-use, the global paints & coatings market is segmented into architectural coatings, industrial coatings, special purpose coatings and others. Among these, architectural coatings accounted for the larger share of global paints & coatings market. Escalating demand for architectural coatings from the building & construction industry is driving the growth of global paints & coatings market. These coatings help in prevention from corrosion and rusting, thereby generating high demand for paints & coatings market. These products are also tagged as do it yourself for consumers and are easily used and are least costly among other decorative coatings. Hence, architectural coatings are expected to boost high demand in the market. Industrial coatings are used for end-use applications such as machinery manufacture, oil and gas industry and marine among others. These end-user industries are expected to boost market demand for industrial paints and therefore are expected to fuel demand for paints & coatings in the market. Special purpose coatings include various coatings for wide range of applications which include industrial maintenance and marine among others. These coatings account for the smallest share of global paints & coatings market but are expected to boost market demand for paints & coatings during the forecast period from 2015 to 2022.

Quality and Price Segmentation Analysis

On the basis of its quality and price, the paints & coatings market is categorized into following segments:

  • Premium
  • Medium
  • Economy

Paints & Coatings Market

The paints & coatings market is divided into various segments based upon the end-use, quality and price. Based on quality and price, the global paints & coatings market is segmented into premium, medium and economy paints & coatings. The premium paints & coatings are the one with metallic finish and tend to have more demand in the market. Premium paints and coatings offer wide range of benefits which include stain guard, long lasting film, extra deep colors, fungus and mildew resistance among others. Hence, premium paints are known for its excellent quality and price compared to other paints & coatings. Medium paints & coatings accounted as the second largest segment of global paints & coatings market. These paints & coatings are used on a large scale in the construction industry. Medium paints & coatings have low quality as compared to the premium paints & coatings and are available at a cheaper price than premium paints. Hence, these paints and coatings are used for applications where high amount of coatings are been used such as residential and commercial projects. Economy paints & coatings are the ones which are of low quality and price and are used for applications which are of low importance. These paints are used for stationary use and are the available at a cheaper price in the market. Quality and price of the paints & coatings play a major role in the market and hence these factors are expected to boost market demand in the near future.

On the basis of geography, the global paints & coatings market is segmented into following categories,

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • France
    • Germany
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of Middle East & Africa
  • Rest of the World (RoW)
    • Australia
    • Brazil
    • Rest of RoW 

Paints & Coatings Market

Asia Pacific accounted for larger share of global paints & coatings market in 2016. Increasing constructional activities in the region is the major factor driving the growth of global paints & coatings market. The rising population in the region, especially China and India has contributed to high demand for residential projects. These projects have led to the growth of construction industry thereby promoting growth of paints & coatings market. The region is fastest growing market for paints & coatings and is anticipated to boost market demand in the near future. Europe accounted as the second largest market for paints & coatings due to increase high expenditure on constructional projects in the region. Advancements in the technology is one among the factors to fuel demand for paints & coatings in the region. North America followed Europe in terms of growth and is expected to show steady growth due to the VOC content present in various paints & coatings. Other regions such as Middle East & Africa and Rest of the World are also projected to boost market demand for paints & coatings during the forecast period from 2015 to 2022.

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Published Date:  Jun 2016
Category:  Chemicals
Report ID:   57915
Report Format:   PDF
Pages:   120
Rating:    4.2 (40)
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