The global paints and coatings market is expected to reach around $350 billion in 2020.
High demand in end user industries is considered to be one of the key drivers of the paints and coatings industry during the period 2016-2020. There is a rapid growth in consumption of paints and coatings in many industries. They are being widely used in the automotive, construction and manufacturing industries. Decorative paints and coatings are widely used in buildings and construction whereas protective paints and coatings are linked closely to the automotive, major appliance and industrial equipment industries.
Asia Pacific was the largest region in the paints and coatings market in 2017, accounting for around 57% market share. North America was the second largest region accounting for around 19% market share. Africa was the lowest region accounting for around 4% market share.
- Markets Covered: Water borne Coatings, Solvent based Coatings, Powder Coatings and others.
- Time Series: Five years historic and forecast.
- Data: Market value in $ billions.
- The Linde Group
- L'Air Liquide S.A
- Air Products
- Chemicals Inc.
- Airgas Inc.
- Air Water Inc.
- Messer group
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