DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Paints And Coatings Market Forecast 2017-2024" report to their offering.
The global paints and coatings market is projected to proliferate at a CAGR of 5.26% during the forecast period.
The market is estimated to expand from $145,712 million in 2017 to $208,642 million by 2024. An additional demand for paints and coating from the infrastructure and other various verticals such as aerospace, marine and automotive is driving the market.
An upsurge in the demand from the infrastructure industry in Asia- Pacific and other developing regions. The growing demand from automotive industry and applications in marine and aerospace sector. On the contrary, the stringent government policies and regulations, as well as other environmental issues such as VOC emissions, are restricting the market growth. A sudden rise in demand for eco-friendly paints and coatings is one of the primary factor restraining the market growth.
Asia-Pacific accounts for the largest market share in the global paints and coatings market. Europe holds the second largest market share due to rapid growth in the global paints and coatings market. North America paints and coatings market is projected to grow during the forecast period. The booming infrastructure industry in the developing countries has resulted in the demand for residential buildings, stadiums, hotels, arenas, shopping malls and business parks.
The leading players in the global paints and coatings market are:
- PPG Industries
- BASF Coatings
- Nippon Paints
- Kansai Paint Co. Ltd.
- RPM International
- Axalta Coating Systems
- Asian Paints Ltd.
- Growing Demand From The Infrastructure Industry In Asia-Pacific Region
- Growing Demand From The Automotive Industry
- Growing Application In Aerospace And Marine Sector
- Stringent Regulations For Voc Emissions
- Rising Demand For Eco-Friendly Paints And Coatings
- Shifting Focus Towards Nano Paints
- Introduction Of Fluoropolymer Coatings
- Costs Associated With Paints And Coatings
- Environmental And Recycling Issues
For more information about this report visit http://www.researchandmarkets.com/research/sczq3k/global_paints_and