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Paints & Coatings Market Worth $179.4 Billion by 2025 - Exclusive Report by MarketsandMarkets™

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MarketsandMarkets

20 Jul, 2020, 10:30 GMT

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CHICAGO, July 20, 2020 /PRNewswire/ -- According to the new market research report "Paints & Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Waterborne, Solventborne, Powder), Application (Architectural [Residential, Non-residential], Industrial), and Region - Global Forecasts to 2025", published by MarketsandMarkets™, the Paints & Coatings Market is projected to reach USD 179.4 billion by 2025 at a CAGR of 4.0% during the forecast period. There has been wide acceptance of paints & coatings in various industries such as architectural, general industrial, protective and automotive & transportation, which is expected to drive the paints & coatings market. Rising building and construction activity is expected to drive the growth of the architectural coatings, thus, consequently augmenting the growth of the paints & coatings industry.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=156661838

Browse in-depth TOC on "Paints & Coatings Market"
435 – Tables
66 – Figures
336 – Pages

View Detailed Table of Content Here:
https://www.marketsandmarkets.com/Market-Reports/paint-coating-market-156661838.html

The waterborne segment is estimated to account for the largest share of the paints & coatings market, by technology, during the forecast period.

Waterborne technology uses water as a solvent, which makes them environmentally friendly and easy to apply. In most cases, this technology uses 80% water with small quantities of other solvents, for instance, glycol ethers. This technology is widely adopted for automotive, wood, furniture, plastic, and rail coatings. The binders used for waterborne coatings can be either be polyacrylate polyvinyl ethers, polyurethane resins, epoxy, or alkyd resins. Waterborne paints & coatings are used in a variety of packaging applications in architectural, automotive, general industrial, protective, wood, marine, packaging, coil, and other industries, due to their low toxicity and flammability factors. These benefits drive the waterborne paints & coatings market.

The acrylic segment is estimated to account for the largest share of the paints & coatings market, by resin type, during the forecast period.

Acrylic resins are a group of similar thermoplastic or thermosetting plastic substances derived from acrylic acid, methacrylic acid, and other related compounds. Acrylates are the largest category of binder resins used in coatings. Acrylic paints & coatings are used in a wide range of applications owing to their chemical characteristics and unique esthetic properties. The demand for acrylic paints & coatings is high in the automotive, medical device, paints & coatings, and construction industries.

The architectural segment is estimated to be the fastest-growing end-use industry in the paints & coatings market during the forecast period.

Architectural paints & coatings, also known as decorative paints & coatings or building paints, are applied on the interior and exterior walls of all kinds of residential, commercial, industrial, and institutional buildings. The growing safety standards are also raising the demand for specialty coatings, including fireproof and waterproof coatings on buildings. This is shifting the global focus towards architectural coatings.

Request Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=156661838

Paints & coatings market in APAC is expected to register the highest CAGR during the forecast period.

The APAC paints & coatings market is segmented as China, Japan, India, Indonesia, Thailand, and Rest of APAC. APAC is an emerging and lucrative market for paints & coatings, owing to industrial development and improving economic conditions. This region constitutes approximately 61% of the world's population, resulting in the growth of the manufacturing and processing sectors.

The demand for paints & coatings has increased in Indonesia, Malaysia, and the Philippines, as residential construction activities in these countries have increased, due to the rising income levels, shift toward nuclear families, and affordable interest rates in several countries.

Major players operating in the paints & coatings market include AkzoNobel N.V. (Netherlands), PPG Industries (US), The Sherwin-Williams Company (US).

Browse Adjacent Markets: Coatings Adhesives Sealants and Elastomers Market Research Reports & Consulting

Related Reports:

Industrial Coatings Market by Resin (Polyurethane, Epoxy, Acrylic, Polyester, Alkyd), Technology (Solvent, Water, Powder, High Solids), End-Use Industry (Industrial, Industrial, Protective, Automotive, Aerospace, Marine, Wood, Packaging), and Region - Global Forecast to 2024

https://www.marketsandmarkets.com/Market-Reports/industrial-coatings-market-746.html

Automotive Coatings Market by Resin Type (Polyurethane, Epoxy, Acrylic), Technology (Solvent-Borne, Water-Borne, Powder Coating), Coat Type (Clearcoat, Basecoat, Primer, E-Coat) - Global Forecast to 2021

https://www.marketsandmarkets.com/Market-Reports/automotive-coating-market-3359935.html

Mirror Coatings Market by Resin Type (Polyurethane, Epoxy, Acrylic), Technology (Solvent and Water-Based, Nano Coatings), Substrate (Silver, Aluminium), Application (Architectural, Automotive & Transportation, Decorative, Solar Power)-Global Forecast to 2022

https://www.marketsandmarkets.com/Market-Reports/mirror-coatings-market-191664369.html

Smart Coatings Market by Function (Anti-Corrosion, Anti-Icing, Anti-Microbial, Anti-Fouling, Self-Healing, Self-Cleaning), Layer (Single, Multi), End-Use (Automotive & Transportation, Aerospace & Defense, Marine), and Region - Global Forecast to 2022

https://www.marketsandmarkets.com/Market-Reports/smart-coating-market-231549104.html

Battery Coating Market by Battery Component (Electrode Coating, Separator Coating, Battery Pack Coating), Material Type (PVDF, Ceramic, Alumina, Oxide, Carbon, Others), and Region (Asia Pacific, North America, Europe, Row) - Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/battery-coating-market-24757097.html 

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets' flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/paint-coating-market.asp 
Visit Our Website: https://www.marketsandmarkets.com/ 
Content Source: https://www.marketsandmarkets.com/PressReleases/paint-coating.asp

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