Paints & Coatings Market worth $232.1 billion by 2027

(IT-NEWSWIRE.COM, July 01, 2020 ) The report "Paints & Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Water-Based, Solvent-Based, High Solids, Powder), Application (Architectural & Industrial), and Region - Global Forecasts to 2027", The paints & coatings market is projected to reach USD 232.1 billion by 2027.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=156661838

The paints & coatings market is projected to grow at a CAGR 5.0% between 2018 and 2027, in terms of value. Rising demand from the construction industry is driving the growth of the paints & coatings market. Increasing demand from automotive, general industrial, marine, coil, wood, aerospace, rail, and packaging coatings is expected to further fuel the growth of the paints & coatings market during the forecast period.

Acrylic segment accounted for a major share of the paints & coatings market in 2018.

Acrylic resins are preferred over other resins as they offer good plasticizer resistance, excellent solvent resistance, high flexibility, and impact resistance. They also offer excellent color, high gloss, and retention of performance properties at high temperature.

Water-based segment accounted for the largest share of the paints & coatings market in 2018.

By technology, the water-based segment accounted for the largest market share in 2018. The large share of this segment can be attributed to the various properties of water-based paints & coatings, such as less flammability, low VOC emissions, stable viscosity, and environment friendliness, among others.

Architectural segment of the paints & coatings market is estimated to be the largest market between 2018 and 2027

Architectural paints & coatings, also known as decorative paints & coatings or building paints, are applied on the interior and exterior walls of all kinds of residential, commercial, industrial, and institutional buildings. Architectural coatings also find application in decorative interiors such as wall paintings, wood flooring, sculptures, and furniture. With the growing population and increasing migration of population to the developed nations, the construction industry is estimated to develop substantially in the coming years.

Don't miss out on business opportunities in Paints & Coatings Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=156661838

Browse in-depth TOC on "Paints & Coatings Market”
224 - Market Data Tables
45 - Figures
207 - Pages

The Asia-Pacific paints & coatings market is projected to grow at the highest CAGR during the forecast period.

The Asia-Pacific paints & coatings market is projected to grow at the highest CAGR during the forecast period. Asia-Pacific is a rapidly expanding paints & coatings market, owing to the growing economy and increasing middle-class population. This is driving the demand for many building and industrial materials, including paints and coatings. The increasing number of residential and commercial buildings due to rising population and urbanization mainly in China and India are expected to drive the market during the forecast period.

AkzoNobel N.V. (Netherlands), PPG Industries (U.S.), Axalta Coatings Systems (U.S.), BASF Coatings GmbH (Germany), The Sherwin-Williams Company (U.S.), Asian Paints (India), Kansai Paints (Japan), Jotun A/S (Norway), RPM International (U.S.), Hempel A/S (Denmark), and Nippon Paint Holdings Co., Ltd. (Japan) are among the key players operating in the paints & coatings market.

Get This Report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=156661838

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

Technology News & Search Engine

Paints & Coatings Market worth $232.1 billion by 2027