Paints and Coatings Market (By Application: Architectural and Decorative, Industrial, and Marine; By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 - 2024
|発行||Variant Market Research LLP||商品コード||587065|
|出版日||ページ情報||英文 95 Pages
|塗料・コーティング剤の世界市場：市場情勢、市場規模、展望、動向、予測 Paints and Coatings Market (By Application: Architectural and Decorative, Industrial, and Marine; By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 - 2024|
|出版日: 2017年11月03日||ページ情報: 英文 95 Pages||
As per the latest report published by Variant Market Research, Global Paints and Coatings Market is estimated to reach $248.5 billion by 2024; growing at a CAGR of 6.2% from 2016 to 2024. Paints and coatings are used in various applications such as architectural and decorative, industrial, and marine. The market is mostly driven by growing demand for paints & coatings from several end-use industries, such as aerospace, construction, automotive, transportation, marine, protective, packaging, and wood coatings, among others. Various factors such as launch of efficient and cost-effective products by key players of the market, growing population and increasing construction expenditure in emerging economies are driving the growth of paints and coatings market over the forecasted period.
Major factors driving the global paints and coatings market are growing demand from end-use industries, increasing adoption of elastomeric coating in the tilt-up concrete in building and construction, green environmental rules & regulations, capability of tough coatings with improved performance. However, additional drying time required for water-based coatings may hamper the market growth. Furthermore, rising applications of fluoropolymer in the building and construction industry would unfold with numerous growth opportunities in the forecasted years.
Major segments in the global paints and coatings market are application, and geography. By, application, the market is categorized into architectural and decorative, industrial, and marine. Further, water-based, and solvent-based are sub segments of architectural and decorative. The market is sub segmented by industrial into water-based, solvent-based, powder, and UV based.
Geographically, global paints and coatings market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of France, Germany, Italy, UK, Spain, and Rest of Europe. Asia-Pacific is segmented into China, Japan, India, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key players competing in the market are Axalta Coating Systems, Sherwin-Williams Company, PPG Industries, Inc., Asian Paints Limited, The Jotun Group, Nippon Paint Holdings Co., Ltd., RPM International Inc., Valspar Corporation, Kansai Paints Co., Ltd., and Hempel Holding A/S, among others.