ALBANY, New York, April 11, 2019 /PRNewswire/ -- The global paints and coatings market depicts a moderately consolidated vendor landscape, reports Transparency Market Research (TMR). A high degree of competition is seen among market players operating in the global paints and coatings market. The market is mostly dominated by a handful of uppermost players, who are scattered globally. A few key players in the paints and coatings market include BASF SE, PPG Industries, Axalta Coating Systems, Nippon Paint Holdings, Valspar, and Akzo Nobel N.V.
The global paints and coatings market is experiencing an intense competition wherein the dominant players are vying to gain utmost market shares. These players are capturing all the bountiful opportunities for expanding their geographical boundaries. The global paints and coatings market is expected to grow steadily due to the presence of topmost companies, who are keeping themselves abreast of eco-friendly paints and coatings. These companies majorly focus on manufacturing, developing, distributing of paints and coatings and related products to industrial, professional, retail, and commercial customers. Furthermore, the leading vendors are aiming at spreading their businesses in developing economies for boosting their shares in the market.
Request a Sample of Global Paints and Coatings Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1172
The global paints and coatings market is expected to register a remarkable growth during the assessment period 2018-2026. It is expected to register over 5.2% CAGR during the forecast period. The market was valued US$149.79 bn in 2017. By the end of 2026, the market is expected to gain a valuation of US$236.82 bn, predicts the report.
Among various technologies, the water-based segment dominates the global paints and coatings market in terms of volume. This is mainly due to notable advantages associated with water-based paints and coatings such as low VOC emissions, less flammability, and stable viscosity. On the regional front, Asia Pacific is expected to be a leading consumer in the paints and coatings market, owing to the rising building and construction activities in key nations include China, India, Malaysia, and Singapore.
Request For Multiple Chapters: https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=1172
Mushrooming End-use Industries Globally Stokes Demand in Paints and Coatings Market
Paints and coatings are mainly composed of either inorganic or organic resins. They are highly used to impart a decorative and glossy finish to the product's surface including equipment, metal component, walls, and many more. The intention behind applying the paints and coatings on the surface is to enhance the performance as well as the durability of the products. They exhibit superior properties such as high corrosion and abrasion resistant and excellent adhesion, which makes them suitable and favorable in broad application spectrum. Such USPs are driving the global paints and coatings market. The growth in the global paints and coatings market is vastly attributed to strengthening production of several end-use industries include marine, automotive, aerospace, and building and construction. Growing number of construction projects worldwide is a major factor fueling the consumption of paints and coatings, which in turn is boosting the overall paints and coatings market.
Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=1172
Furthermore, paints and coatings are also widely adopted in automotive and manufacturing industry. In such industries, they are highly being used for painting and coating of automotive parts to extend its sustainability. Thus, rising market for automobiles and consumer goods is also propelling expansion in the global paints and coatings market.
Solvent-borne Coatings' Harmful Environmental Effects Obstruct Market's Growth
Solvent-borne coatings contain significant amounts of VOCs, which are considered hazardous to the environment as well as human health. Moreover, such solvent-based paints and coatings are responsible for deteriorating air quality. Thus, governments' strict norms and regulations to reduce VOC emissions is appear as a big challenge in the global paints and coatings market. Such factor is restricting growth of the global paints and coatings market. Nonetheless, rapid industrialization and urbanization and soaring demand for paints and coatings from electrical and healthcare industries is believed to help overcome this challenge in the future.
The review is based on a market research report by TMR, titled, "Paints and Coatings Market (Resin - Acrylic, Polyurethanes, Polyesters, Epoxy, Alkyd; Technology - Water based, Solvent based, High Solid, Powder, and Others; Application - Automotive and Transportation, Aerospace, Building and Construction, Packaging, Health Care and Medical Devices, Marine, Electrical and Electronics) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026".
Request a Custom Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1172
The segmentation of global paints and coatings market is based on:
- Others (including Silicone, Polyvinyl Acetate (PVA), Polyester, and Fluropolymer)
- High Solid
- Others (including UV-cure and Moisture Cure)
- Automotive & Transportation
- Building & Construction
- Healthcare & Medical Devices
- Electrical & Electronics
- Others (including Wood Working)
- North America
- Latin America
- Rest of Latin America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Browse Chemicals & Materials Market Research Reports
Popular Research Reports by TMR:
- Decorative Paints Market: https://www.transparencymarketresearch.com/decorative-paints-market.html
- Nano Paints & Coatings Market: https://www.transparencymarketresearch.com/nano-paints-coatings-market.html
- Paints and Coatings Fillers Market: https://www.transparencymarketresearch.com/paints-coatings-fillers-market.html
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision."
Mr. Rohit Bhisey
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Research Blog: https://cmfenews.com
SOURCE Transparency Market Research