Global paints and coatings market expected to reach approximately USD 214 Billion in 2023, growing at a CAGR of slightly above 5.0% between 2017 and 2023. The global decorative paints & coatings market size was estimated at USD 70.76 billion in 2017. The market is expected to be driven by the increasing product consumption in the construction, automotive, and general industries application sectors. The global decorative paints and coatings market demand is primarily supported by the ongoing boom in the construction industry. The paints and coatings market research report provides a detailed analysis of the market and focuses on crucial aspects such as leading companies, applications, technology, and resin types. The India paints and coatings market is estimated to witness a significant growth, at an estimated CAGR of over 8%, over the forecast period. The "Global Paints and Coatings Market 2030 " Industry Report is a professional and in-depth study on the current state of the Paints and Coatings Market by InsightSlice. Nippon Paint Holdings Company Limited, Hempel A/S, RPM International, Jotun A/S, Kansai Paints, and Asian Paints are some of the key vendors of paints and coatings across the world. – The paints & coatings market consists of liquid and powder based paints, varnishes and related products used for protective and decorative, industrial and automotive and specialty purposes. The Europe decorative paints and coatings market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. The report on Architectural Paints and Coatings Market offers in-depth analysis of market trends, drivers, restraints, opportunities etc. According To Verified Market Research, The Global Construction Paints and Coatings Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. The Egyptian paints and coatings market is consolidated in nature, with the top 5 players accounting for over 70% of the market share. Global Paints and Coatings Market: Overview. The global market for paints and coatings was valued at $111.2 billion in 2012 and should reach $116.9 billion in 2013. Paints are extensively used for equipment maintenance. Growing demand from the construction industry, coupled with rising infrastructure activities, is driving the demand for the market studied. Most of the remaining coatings, called “special purpose,” are used for miscellaneous applications such as traffic paints, vehicle refinishing, high-performance coatings for industrial plants and equipment, and protection of marine structures and vessels. As a result, the global paints and coatings market, which valued $156,086.2 million in 2019, will witness a 4.2% CAGR during 2020–2030, to reach $227,834.0 million in 2030. Global Antifouling Paints and Coatings Market By Type (Copper-Based , Self-Polishing , and Hybrid), By Application (Shipping Vessels , Inland Waterways Transport , and Drilling Rigs & Production Platforms), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2020-2029 The global paints and coatings market size was valued at USD 146.2 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2020 to 2027. Rapid urbanization and eco-friendly alternatives are driving the growth of the paints and coatings industry. “Paints And Coatings Fillers Market Scenario 2020-2028: Growing investments in the Paints And Coatings Fillers Market are expected to have a favorable impact on customers and companies. CHEM Research, a specialized market research and consultancy firm, completed a recent analysis of the growth of the global market for paints and coatings in the first half of 2020. The global market for paints and coatings should grow from $150.5 billion in 2018 to $191.9 billion by 2023 at a compound annual growth rate (CAGR) of 5.0% for the period of 2018-2023. The global construction paints and coating market is estimated to account for US$ 76,089.2 Mn in terms of value and 26,821.6 Kilo Tons in terms of volume by the end of 2019 22%, during the forecast period of 2021 to 2028. Global Paints & Coatings Market Forecast 2021-2028. Further, there are several service providers that are focusing on expanding their fleet to cater to the growing consumer demand. The sales of paints and coatings for industrial products such as vehicles, however, are heavily dependent on general economic development. A global study on the market for paints and coatings from Ceresana, Germany, reveals that in 2019, a total of around 43.3mln t of coatings were sold. Paints and Coatings Market COVID19 Impact Analysis by Size, Share & Industry Analysis, By Resin (Epoxy, Acrylic, Polyester, Alkyd, PU, and Others), By … The market for paints & coatings additives market is expected to expand at a CAGR of more than 6% during the forecast period. Read More Report Analyzes How Global Megatrends Will Transform the Chemical Industry The market for paints and coatings has been on the increase in various applications, and this has boosted the total market in many regions. for the forecast years. In 2010, China surpassed the U.S. to become the largest passenger car market globally. Solvent-borne coatings, powder coatings, radiation cured coatings, waterborne coatings, and specialty coatings are some of the major types of construction paints and coatings. 2019 to 2026 The global paints and coatings market size was valued at US$ 147.03 billion in 2019 and expected to reach US$ 209.09 billion by 2027, with a CAGR of 4.5%. Besides these prominent manufacturers, the paints & coatings market is a hub of some small, however substantial manufacturers. Construction Paints and Coatings Market Size And Forecast. The major factor driving the market … Additionally, the market for solvent-borne paints and coatings is not going down as it was anticipated, and this has added to the increase in the total market value of paints and coatings. Market Outlook: The Global and China Antifouling Paints and Coatings Market was valued at USD 7,953.0 Million in 2019 depending on this study by 2027 CAGR is expected to reach 8.6% during the forecast period. Nov 24, 2020 | USD 2,500... market growth drivers include the increased demand from automotive OEM and aftermarket, and the growing infrastructure and construction industry. The resurgence in the growth of the housing and construction sector, increasing gross domestic product (GDP), growing urbanization, and increasing disposable income are driving the paints & coatings market. Paints and Coatings market will register an incremental spend of about $47 billion, growing at a CAGR of 5.23% during the five-year forecast period. Europe is one of the major regions in the global decorative paints and coatings market. Some of the key companies in the market include Scib Paints (Asian Paints) , MIDO Coatings, PACHIN, Akzo Nobel N.V., GLC Paints , and Sipes Egypt, among others. Along with qualitative information, this report includes the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. The hold-off of investments in most end-use markets will witness the global paints & coatings market slump in the year 2020.Anti-viral and anti … KEY FINDINGS The global paints & coatings market is anticipated to grow with a CAGR of 6. It not only impacts the machinery or vehicle exterior appearance but also influences the equipment’s structure. The global paints and coatings additives market size was USD 8,299.7 million in 2019 and is projected to reach USD 12,659.4 million by 2027, exhibiting a CAGR of 5.9% during the forecast period. The global automotive paints and coatings market value is expected to reach around US$ 28.4 billion by 2026 and forecasted to grow at a CAGR around 4 % throughout the forecast period 2019 to 2026. The Global Paints and Coatings Market is expected to grow at a significant rate, during the forecast period 2019-2025. The global paints & coatings market growth is assessed by evaluating the Asia Pacific, Europe, North America, and the rest of the world. With the presence of a large pool of participants, the Global paints and coatings market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). [224 Pages Report] The market size for European paints & coatings is projected to grow from USD 30.6 billion in 2020 to USD 34.3 billion by 2025, at a CAGR of 2.3%. Asia Pacific was the largest market for paints and coatings in 2013. Increasing construction is the major driver for the market growth in Europe. The increasing population, growing need for houses, and consumer goods and automotives are driving the paints and coatings market in the region. 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