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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 and coatings are applied to the surface of any object for two major reasons: protection or decoration. Paints and coatings are generally referred to as "substrates," which can be used as functional or decorative materials. 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 wettability, among others. In the event of fabrication, the coating offers benefits such as electrical conductivity and magnetic response.

The rising population in Asia Pacific's emerging economies, particularly China and India, has resulted in high demand for residential projects in the region. This has led to the growth of the paint and coatings industry in the region. High demand from the construction industry is the major factor driving the growth of the global paints and coatings market. Increasing demand for automobiles worldwide has increased demand for coatings. Paints and coatings are widely used in the automotive industry to protect automobiles from corrosion. Hence, high demand is reported for paints and coatings from the automotive industries in Asia and the Pacific. Therefore, Asia Pacific is the largest and fastest-growing market for paints and coatings. Europe followed Asia Pacific in terms of demand and is expected to boost market growth for paints and 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 and coatings in the near future.

The paints and coatings market is expected to exceed US$ 196.5 billion by 2022, growing at a CAGR of more than 5.0% between 2015 and 2022.

Purpose of the Report

The purpose of this strategic research study titled "Global Paints and 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 to make informed strategic decisions regarding the opportunities in the global paints and coatings market.

Target Audience

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

Analysis of Quality and Price Segmentation

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

  • Premium
  • Medium
  • Economy

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

Frequently Asked Questions:

The market for Paints & Coatings is expected to reach US$ 0.20 Bn in 2022.

The Paints & Coatings market is expected to see significant CAGR growth over the coming years,at 5.0%.

The report is forecasted from 2015-2022.

The base year of this report is 2014.

Akzo Nobel NV,Axalta Coatings System,BASF SE,Kansai Paint Co. Ltd.,Nippon Paint Co. Ltd are some of the major players in the global market.

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Published Date:  Jun 2016
Category:  Chemicals
Report ID:   57915
Report Format:   PDF
Pages:   120
Rating:    4.2 (40)
Delivery Time: 24 Hours to 48 Hours   
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