DUBLIN--(BUSINESS WIRE)--The "Asia-Pacific Paints and Coatings Market by Resin Type, by Formulation, by Application, by Country - Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023" report has been added to ResearchAndMarkets.com's offering.
The APAC paints and coatings market is projected to reach $148.4 Billion by 2023, the market growth in the region is driven by the increasing demand for paints and coatings solutions from the automotive, electronic, and construction industries.
India is expected to emerge as the fastest growing market
Of all countries in the APAC paints and coatings market, the fastest growth during the forecast period is expected in India. Expanding construction industry coupled with increasing government and private spending on commercial and residential construction applications is expected to increase construction activities in the country, which in turn is likely to boost the market growth. For instance, the Airport Authority of India is planning to develop city-side infrastructure at 13 regional airports in the country.
Emerging economies to serve as lucrative market
Countries such as China, India, Indonesia, and Malaysia have witnessed rapid economic transformation in the past few decades. Majority of these nations have a large and rapidly growing middle-class population. These factors make these developing countries a suitable paint and coatings market. As these countries are home to fast-growing construction and automotive industry, an increase in the consumption of paint and coatings is expected from these. Hence, developing countries with a high economic growth rate will continue to bolster the market of paints and coatings in APAC in the coming years.
Some of the major players operating in the APAC paints and coatings market are
- Akzo Nobel N. V.
- Ppg Industries Inc.
- The Sherwin-Williams Company
- Berger Paints India Limited
- Shalimar Paints Limited
- Kansai Paint Co. Ltd.
- Chugoku Marine Paints Ltd.
- Kcc Corporation
- Nippon Paint Holdings Co. Ltd.
- Duluxgroup Limited
- Asian Paints Limited
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
Chapter 5. APAC Market Size And Forecast
Chapter 6. Competitive Landscape
Chapter 7. Company Profiles
Chapter 8. Appendix
For more information about this report visit https://www.researchandmarkets.com/research/mlt996/asiapacific_148?w=4
