A new report has been published by Stratview Research, titled, “Paints & Coatings Market” The experts authoring this report have made an effort at providing in-depth information on leading growth drivers, restrictions, challenges, current and upcoming trends, and opportunities to offer a comprehensive assessment of the global Paints & Coatings Market. Users can use the analysis included in this report to plan effective growth strategies and prepare for future challenges beforehand.
Market segmentation
Market segmentation has been done correctly to help the users define and better understand their target audiences and ideal customers. Market segmentation in this report allows you to identify the right market for your products and then target your marketing more effectively.
Paints & Coatings Market Share: By Resin Type
Based on the resin type, the market is segmented as acrylic, alkyd, epoxy, polyester, polyurethane, and others. The acrylic segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The significant share of acrylic segment is attributed to resistance to weathering & oxidation and availability of a variety of high-gloss colors. Utility of acrylic for outdoor applications coupled with its moderate price will augment the segmental growth over the forecast period.
Paints & Coatings Market Share: By End-Use Industry Type
Based on the end-use industry type, the market is segmented as architectural and industrial. The architectural segment accounted for the larger share by application in 2019, owing to government focus on residential construction especially in China and India.
Paints & Coatings Market Share: By Technology Type
Based on the technology type, the market is segmented as waterborne, solvent-borne, powder coating, and others. The waterborne segment held the largest share of the market in 2019, and is expected to remain dominant over the forecast period. The dominance of the waterborne segment is due to low flammability, ease of use, eco-friendly properties, and less hazardous disposal associated with the technology type.
Paints & Coatings Market Share: By Region
In terms of regions, Asia-Pacific is expected to be the largest market. The high share is attributed to the growing economy and expanding construction industry. Rapid urbanization especially in China and India will augment the regional growth. . North America is anticipated to offer significant growth opportunities over the forecast period, with the US being the major country.
As the novel coronavirus (COVID-19) crisis takes over the world, our team of market analysts is continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and their estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive landscape
Relying on data to make business decisions and to have a competitive advantage, is a critical aspect every key player needs to be familiar with. The report throws light on the competitive scenario of the global Paints & Coatings Market along with a list of Key players.
Here are few –
- AkzoNobel N.V.
- PPG Industries
- The Sherwin-Williams Company
- Nippon Paint Holding Co. Ltd.
- Axalta Coatings System LLC
- Tikkurila
- Jotun A/S
- RPM International Inc.
- Nippon Paint Holdings Co., Ltd.
- Asian Paints Limited
- BASF Coatings GmbH
Report Features –
This market report includes the following features –
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About Stratview Research –
Stratview Research is a leading market research firm that offers wide range of services like syndicated market reports, consulting, sourcing intelligence, and customer research, etc. Stratview Research’s offerings include comprehensive market intelligence in the form of research reports, and consulting services. Our team which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 500 companies.