Paints and Coatings Market Key Players and Production Information analysis, 2024
Axiom MRC Added an, “Paints and Coatings Market Research Report, By Resin Type, Technology, Application and
Geography – Global Market Share, Trend Analysis and Forecast Up To 2024”
The global paints and coatings market was worth US$
160.5 Bn in 2017 and estimated to be growing at a CAGR of 6.0% from 2019 to
2024, to reach US$ 234.8 Bn by 2024.
Paints and Coatings Market Analysis:
The basic ingredients used to make paints are binder,
solvent, pigment and additives. Solvents are volatile liquid, which is used to
obtain proper viscosity and flow of the paint. Many paints many not have
solvent. The solvent after usage of paint evaporates to leave a solid dry film
on the surface. Binders are known as one of the most vital and necessary paint
component. Different types of binder are natural resin, drying oil and
synthetic resin. Pigments are granular solids, which provides paint its most vital
properties of color and opacity.
There is a huge untouched market for the construction
industry in the developing countries, which has been growing every year because
of the increasing global population. These aspects are generating demand for
construction materials, comprising paints and coatings. The rising population
and per capita income has been adding more to the demand for consumer goods and
automotive, which in turn is modernizing and boosting industrialization. The
metal usage has also improved to a great degree in the last decade. Paints and
coatings are chiefly used to shield machines and equipment from rusting and
corrosion in industries.
Paints and Coatings Market Segmentation Based on:
By Resin Type:
·
Acrylic
·
Epoxy Resin
·
Alkyd
·
Polyurethane
·
Polyester and others.
By Technology:
·
Water-Based Technology
·
Solvent-Based Technology
·
High Solids
·
Powder Coating and others.
By
Application:
·
Architectural Application
·
Industrial Application.
By Geography
Based on geography, the global paints and coatings market has
been segmented into North America, Europe, Asia Pacific, Latin America, and
Middle East & Africa. North America comprises U.S., Canada, and Mexico
whereas Europe would primarily cover Germany, France, UK, Italy, and Rest of
Europe. The key countries included under Asia Pacific are China, Japan, India,
Australia, and Rest of Asia Pacific. In Latin America, Brazil, Argentina, and
Rest of Latin America are the key segments whereas in Middle East & Africa,
South Africa and Rest of MEA are the key segments covered in the report.
By Key Players:
The paints and coatings marketspace comprises major players
such as AkzoNobel N.V., Asian Paints, Kansai Paints, PPG Industries, Axalta
Coatings Systems, BASF Coatings GmbH, The Sherwin-Williams Company, Jotun A/S,
RPM International, Hempel A/S, and Nippon Paint Holdings Co., Ltd.
Axiom Market Research & Consulting™ (also known as
Axiom MRC), is a full-service market research and data analytics firm, driven
by a simple aim of providing key market intelligence to companies to assist
them in taking informed business decisions pertaining to their marketing
strategy, investments, new product launches, market competition, consumer or
end users, social media trends etc.
Media
Contact:
Ganesh Sai
616 Corporate Way, Suite 2-4268
Valley Cottage, NY, United States
Tel: +1(845)875-9786, +44(0) 20 238697007
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