DUBLIN--(BUSINESS WIRE)--The "Paints and Coatings Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
The paints and coatings market was valued at US$172.28 billion in 2017 and is projected to reach US$223.89 billion by 2023 exhibiting a CAGR of 4.46% during the forecast span of 2018-2023.
Growing demand from the building and construction industry, increase in car ownership in developed countries, rapid urbanization and increasing consumption are some the key factors driving the Global paints and coatings market growth globally.
Increasing use in end-user industry has propelled demand for environment friendly, non-hazardous, VOC compliant paints and coatings. Other factors include high demand arising from residential, non-residential, automotive, and other industrial applications. Low raw material cost and crude oil prices, also provide a conducive environment for the growth of this market. Few of the major challenges to the market growth include lack of product differentiation and environmental concern regarding the VOC content in paints and coatings. High economic growth rate and improvement in industrial activity have enabled the Asia-Pacific region to achieve the highest CAGR over the forecasted period.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others.
- Architectural/Decorative Coatings
- Industrial OEM Coatings
- Special Purpose Coatings
- Radiation-Curable Coatings
- Solvent-borne Coatings
- High-Solids Paints
- Waterborne Paints
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Paints and Coatings Market Forecast by Type (US$ billion)
6. Paints and Coatings Market Forecast by Product (US$ billion)
7. Paints and Coatings Market by Geography (US$ billion)
8. Competitive Intelligence
9. Company Profiles
- Asian Paints Limited
- Axalta Coating Systems
- Chugoku Marine Paints
- Kansai Paint
- Nippon Paint
- PPG Industries
- Sherwin-Williams Company
- Valspar Corporation
For more information about this report visit https://www.researchandmarkets.com/research/9bw9bh/paints_and?w=4