DUBLIN--(BUSINESS WIRE)--The "Global Paints & Coatings Market: Industry Analysis & Outlook (2018-2022)" report has been added to ResearchAndMarkets.com's offering.
This report analyses the development of this market, with focus on North America, Latin America and Asia Pacific markets.
The global paints and coatings market is set to experience favorable growth driven by factors such as increasing construction spending, rapid urbanization, increasing household consumption expenditure and accelerating economic growth.
The major trends observed in this market include increasing preference for professional contractors, technological advancements and increasing consolidation of market players.
However, the growth of this market is constrained by challenges such as increasing raw material prices and stringent environmental regulations.
The market can be divided into three broad segments, namely architectural segment that depends heavily on the performance of the building & construction sector, industrial paints and coatings segment that is closely related to the automotive, major appliances and industrial equipment sectors and specialty paints and coatings which includes a wide array of divergent coatings such as automotive refinish coatings, industrial maintenance coatings, traffic marking paints and marine paints.
The four major players: PPG Industries Inc., Sherwin-Williams, AkzoNobel and Axalta Coating Systems are profiled along with their key financials and strategies for growth.
- Rapid Urbanization
- Rising Household Consumption Expenditure
- Increasing Construction Spending
- Accelerating Economic Growth
Key Trends & Developments
- Technological Advancements
- Increasing Preference for Professional Contractors
- Increasing Consolidation of Market Players
- Increasing Raw Material Costs
- Stringent Environmental Regulations
Key Topics Covered
2. Global Paints and Coatings Market
3. Regional Market Analysis
4. Market Dynamics
6. Company Profiles
- PPG Industries, Inc.
- Axalta Coating Systms
For more information about this report visit https://www.researchandmarkets.com/research/fxqmcf/global_paints_and?w=4