Paints and Coatings Market Is Expected To Reach USD 252.01 Billion By 2029

PRESS RELEASE
Published November 1, 2023

The paint and coating refers to a type of coverings that are widely used for applying on the surface of certain objects to prevent the surface against oxidization and sunlight exposure. This covering also assists in improving the durability of the object life and it is also utilized for functional and decorative purposes.

The report aims to offer a comprehensive perspective on the Paints and Coatings Market 2029. It offers an industry overview, encompassing market growth analysis from both historical and futuristic perspectives, focusing on key parameters such as revenue, demand, and supply data where applicable. The study provides regional estimates, forecasts, and trend analysis for numerous countries, including the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxembourg, and the rest of Europe, as well as Japan, China, South Korea, India, Australia, New Zealand, Singapore, Thailand, Malaysia, Indonesia, the Philippines, and the rest of Asia-Pacific. Additionally, it covers Brazil, Argentina, the rest of South America, UAE, Saudi Arabia, Egypt, Israel, South Africa, and the rest of the Middle East and Africa, among others. The report also addresses the impact of COVID-19 and provides forecasts for post-COVID-19 recovery.

Global Paints and Coatings Market was valued at USD 184.00 billion in 2021 and is expected to reach USD 252.01 billion by 2029, registering a CAGR of 4.01% during the forecast period of 2022-2029.

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Global Paints and Coatings Market Prominent Players:

AkzoNobel N.V. (Netherlands), PPG Industries Inc., (U.S.), The Sherwin-Williams Company (U.S.), RPM International Inc., (U.S.), NIPSEA GROUP (Japan), Arkema (France), Cardolite Corporation (U.S.), BASF SE(Germany), Evonik Industries AG (Germany), Reichhold LLC 2, (U.S.), DSM (Netherlands), Qualipoly Chemical Corp. (Taiwan), Arakawa Chemical Industries,Ltd. (Japan), , Alberdingk Boley (U.S.),  Eternal Materials Co.,Ltd.  (Taiwan), Wacker Chemie AG (Japan) and , DIC CORPORATION (Japan), among others.

Global Paints and Coatings Market Scope:

Resin Type

  • Acrylic
  • Epoxy Resin
  • Alkyd
  • Polyurethane
  • Polyester
  • Others

Technology

  • Water-Based Technology
  • Solvent-Based Technology
  • High Solids
  • Powder Coating
  • Others

Application

  • Architectural Application
  • Industrial Application

Regional Insights:

Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the rise in construction activities and growing demand from the automotive sector in emerging countries, such as China, India, Japan, and Southeast Asia within the region. Europe on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the expansion of the construction sector in various countries in the region.

Browse Report Description:

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Table of Content of Paints and Coatings Market:

1: Introduction, market driving force product Objective of Study, and Research Scope of the Global Paints and Coatings market.

2: Exclusive Summary – the basic information of the Global Paints and Coatings Market.

3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Paints and Coatings; Post COVID Analysis.

4: Presenting the Global Paints and Coatings Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

5: Displaying the by Type, End User and Region/Country.

6: Evaluating the leading manufacturers of the Global Paints and Coatings Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.

7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions.

 To be continued

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