DUBLIN--(BUSINESS WIRE)--The "Paints and Coatings - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Paints and Coatings estimated at US$134.2 Billion in the year 2020, is projected to reach a revised size of US$194 Billion by 2027, growing at a CAGR of 5.4% over the analysis period 2020-2027.
Acrylic, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$80.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polyester segment is readjusted to a revised 7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $26.3 Billion, While China is Forecast to Grow at 7.5% CAGR
The Paints and Coatings market in the U.S. is estimated at US$26.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$59 Billion by the year 2027 trailing a CAGR of 7.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.
Alkyd Segment to Record 4.4% CAGR
In the global Alkyd segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$12.4 Billion in the year 2020 will reach a projected size of US$16.4 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$26.7 Billion by the year 2027, while Latin America will expand at a 4.1% CAGR through the analysis period.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Paints & Coatings Take Hit as Construction and Automotive Industries Reel Under the Pandemic
- Global Paints and Coatings Market - An Overview
- Regional Analysis: Higher Adoption in Developing Regions Propel Consumption
- Architectural Paints and Coatings: Growing Application Market Despite Slowdown in Global Construction Industry
- Water Based Paints & Coatings: Dominant Technology to Witness Healthy Growth
- Acrylic Resin: Dominant Resin Type
- Competitive Scenario
- Recent Market Activity
- Paints and Coatings - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS (Total 371 Featured)
- Akzo Nobel NV
- Asian Paints Limited
- Axalta Coating Systems
- BASF SE
- Berger Paints India Limited
- Brillux GmbH & Co. KG
- Cromology SAS
- DAW SE
- Dunn-Edwards Corporation
- Hempel A/S
- JW Ostendorf GmbH & Co. KG
- Jotun Group
- Kansai Paint Co. Ltd
- Nippon Paint Holdings Co., Ltd
- NIPSEA Group
- PPG Industries Inc.
- RPM International Inc.
- S K Kaken Co., Ltd
- Shalimar Paints Limited
- Sherwin-Williams Company
- Teknos Group Oy
- Tiger Coatings Gmbh & Co. Kg
- Tikkurila OYJ
3. MARKET TRENDS & DRIVERS
- Prevailing COVID-19 Scenario in the Construction Sector Weakens Momentum in the Paints & Coatings Industry
- Growth in Demand for Furniture to Sustain Demand for Paints & Coatings
- Lackluster Growth Projected for Automotive Paints and Coatings Market
- Rapid Urbanization to Drive Demand Prospects for Paints & Coatings Market
- Increasing Middle Class Population Worldwide Spurs Market Growth
- Augmented Demand for High-Performance Coatings to Boost Market Growth
- Stringent Government Regulations Driving Demand for Environment-Friendly Coatings
- Major Regulatory Concerns
- Insulating Paints and Coatings Helping in Energy Saving
- Key Innovations in the Paints & Coatings Sector
- Introduction to Paints and Coatings
- Definitions
- Classification of Paints
- Classification of Coatings
- Raw Materials Used in Paints & Coatings
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
UNITED STATES
- Paints and Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
- Market Overview
- Future Construction Spending to Bode Well for Architectural Paints & Coatings
- Consumer Trends in the Architectural Paints & Coatings Market
- Consumer Trends in the US Architectural Paints & Coatings Market (1980-2020): Paint Contractors vs. DIY
- Market Pressures Give Birth to New Innovations in Automotive Coatings Category
- Industrial Wood Paints & Coatings Poised to Grow at Steady Rate
- Metallic Finishes Gain Prominence
- Elastomeric Paints and Coatings in Demand
- Regulations Dictate Paints & Coatings Demand
ASIA-PACIFIC
- Paints and Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
- Market Overview
- Construction Sector Offers Boost to Architectural Paints & Coatings
- Asian Construction Market (2020E): Percentage Breakdown of Spend by Sector
- Industrial Wood Application Segment to Surge
- Growing Production of Automobiles to Spur Demand
- Innovative Products Command Paints Market
- Demand for Marine Coatings Steady
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/8md2rw
