Global Paints & Coatings Market Research Report - Forecast to 2023

Global Paints & Coatings Market Research Report – Forecast to 2023

$4450 – $6250

SKU: 180386 Category: Tags: ,

Description

Global paints & coatings market has witnessed a healthy growth and it is likely to continue growing over the forecast period to reach USD 190167.6 million by the end of 2023. The market growth is attributed to the continuously increasing growth of the application segment such as residential and non-residential in architectural sector along with automotive and general in industrial sector. Architectural sector is estimated to be the major segment and is accounted for 55.1% share of the market in 2017. Industrial sector accounted for 44.9% share in 2017. General segment which includes, appliances, aluminium extrusions, metal furniture, vehicle components and HVAC among others accounted for largest market share of 55.4% in the industrial sector. The segment anticipated to retain its dominance over the forecast period with a share of 56.0% by the end of forecast period due to growing demand for paints & coatings in appliances, metal furniture and HVAC. Automotive segment accounted for second largest markets share of 24.5% in 2017 in industrial sector, with market value of USD 15574.5 million. The segment is anticipated to grow at CAGR of 5.09% during the forecast period to reach USD 20978.4 million by 2023 end.

Threat of New Entrants in Global Market
Taking all the past and present global market trends, forces, and scenarios under consideration, the global paints & coatings market is estimated to have medium threat of new entrants. This is primarily attributed to the capital intensive nature of the industry and dominance of leading market players in almost all the major regions across the globe. In addition to this, the supply of a wide range of product to suffice the market demand. However, over the forecast period, the demand for paints & coatings is projected to expand exponentially in architectural sector on account of huge demand from building & construction industry. Moreover, the automotive industry is also a major consumer of paints & coatings which is witnessing considerable growth during the forecast period. Thus in future, the growing demand may pave the way for new participants to enter the market.

Global Paints & Coatings Market Share, by Application 2016, (%)

Regional Analysis
The global paints & coatings market is divided into five key regions like the Middle East & Africa, Asia Pacific, Latin America, North America and Europe. Among these regions, Asia Pacific market acquired more than 50% value and volume share of the market. The region offers a significant growth potential in the paints & coatings market and is slated to register the CAGR of 5.41% during the forecast period owing to the rising disposable income, rising demand for appliances, growing population in the region, and growing construction activities in the region. China is the largest market for paints & coatings in the region and is expected to dominate during the forecast period due to increasing consumption of paints & coatings across architectural and industrial sectors. Additionally, the fragmentation of paints & coatings market among small Chinese players is attributed to the substantial value addition in the paints & coatings market in the country.
Segmentation
On the basis of type, paints & coatings market is segmented into acrylic, alkyd, epoxy, polyurethane, alkyd, polyester, fluropolymer polyether etherketone (PEEK), polyaryl etherketone (PAEK), polyether Ketone (PEK) among others. Based on the performance range, the market is divided in to commodity, engineering and high performance segments. Based on application, market is segmented as architectural and industrial segment.
Key Players
Some of the key players operating in the global paints & coatings market are 3M, Jotun Group, The Sherwin-Williams Company, TIGER Coatings GmbH & Co. KG, Vitracoat America, Dai Nippon Toryo Co., Ltd, Kansai Nerolac Paints Limited, Diamond Vogel, Hentzen Coatings, Inc., Berger Paints India Limited, National Paints Factories, Axalta Coating Systems Ltd, Guangzhou Kinte Paints & coatings, and AkzoNobel N.V., among others.
Geographic Analysis
The geographic regions covered in the report are stated as below:
• North America
o The U.S.
o Canada
• Europe
o Germany
o France
o Italy
o Russia
o U.K
o Spain
o Rest of Europe
• APAC
o China
o India
o Japan
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
o G.C.C
o Iran
o Israel
o Egypt
o Rest of Middle East & Africa

Key Findings
Market Research Future predict a healthy growth in the global paints & coatings market and growth is expected to continue in the near future due to rising demand for coating in appliances, automotive, agriculture & construction and architectural sector. Looking at the global scenario, the paints & coatings market is projected to reach 190167.6 million at CAGR of 5.06% by 2023 end. Acrylic is the major segment based on resin type and accounted for 40.3% share in the year 2017. The factor that makes the acrylic segment to be major consumer among other resin segments is the low cost of it in comparison to other resin based paints.

Intended Audience

• Paints & coatings manufacturers
• Paints & coatings distributor
• Appliances Manufacturers
• Automotive Manufacturers
• Potential investors
• Paints & coatings suppliers
• Nationalized laboratory
DC –Description
• Paints & coatings
• Solid Coating
• Polyester Paints & coatings
• Epoxy-Polyester Hybrid Coating
• Acrylic Coating
• Spray drying process
• Thermostat Paints & coatings
• Thermoplastic Paints & coatings
• Automotive Coating
• Appliance Coating
• Dry Solid Coating
• Solventborne Paints

Additional information

Publisher

Geography Covered

Date Published

Pages

Format

Table of Contents

1 Executive Summary 2 Market Introduction 2.1 Definition 2.2 Scope of the Study 2.3 List of Assumptions 2.4 Market Structure 3 Research Methodology 3.1 Research Process 3.2 Primary Research 3.3 Secondary Research 3.4 Market Size Estimation 3.5 Forecast Model 4 Market Dynamics 4.1 Introduction 4.2 Drivers 4.2.1 Strengthening construction industry growth 4.2.2 Growth in automotive production in Asia Pacific & Europe 4.2.3 Augmented demand for high-performance coatings 4.3 Restraints 4.3.1 Rise in raw material prices 4.4 Opportunities 4.4.1 Technological innovation in product development 4.4.2 Emerging country level markets 4.5 Challenge 4.5.1 Stringent regulatory policies 5 Market Factor Analysis 5.1 Supply Chain Analysis 5.1.1 Raw Material Suppliers 5.1.2 Paints & Coatings Producers 5.1.3 Distribution Channel 5.1.4 Application 5.2 Porter’s Five Forces Analysis 5.2.1 Threat of New Entrants 5.2.2 Threat of Rivalry 5.2.3 Threat of Substitute 5.2.4 Bargaining Power of Supplier 5.2.5 Bargaining Power of Buyer 6 Global Paints and Coatings Market By Resin Type 6.1 Acrylic 6.2 Epoxy 6.3 Polyurethane 6.4 Alkyd 6.5 Polyester 6.6 Fluropolymer 6.7 Polyether Ether ketone (PEEK) 6.8 Polyaryl Ether ketone (PAEK) 6.9 Polyether Ketone (PEK) 6.1 Others 7 Global Paints and Coatings Market  By Performance Range 7.1 Commodity Coating Range 7.2 High Performance Coating Range 7.3 Engineering Coating Range 8 Global Paints and Coatings Market By Application 8.1 Architectural 8.2 Global Architectural Paints and Coatings MARKET, 2015-2023 (kilo tons) 8.3 Industrial 9 Global Paints and Coatings Market By Region 9.1 North America 9.1.1 U.S. 9.1.2 Canada 9.2 Europe 9.2.1 Germany 9.2.2 Russia 9.2.3 Italy 9.2.4 U.K 9.2.5 U.K Paints and Coatings MARKET, BY type, 2015-2023 (Kilo tons) 9.2.6 France 9.2.7 Spain 9.2.8 Rest of Europe 9.3 Asia Pacific 9.3.1 China 9.3.2 Japan 9.3.3 India 9.3.4 South East Asia 9.3.5 Rest of Asia Pacific 9.4 Latin America 9.4.1 Brazil 9.4.2 Mexico 9.4.3 Argentina 9.4.4 Rest of Latin America 9.5 Middle East & Africa 9.5.1 Turkey 9.5.2 G.C.C. 9.5.3 North Africa 9.5.4 Iran 9.5.5 Rest of Middle East & Africa 10 Competitive Landscape 10.1 Introduction 10.2 Global market strategy analysis 10.3 Key Development Analysis 10.3.1 Expansion 10.3.2 Acquisition 10.3.3 Product Launch 11 Company Profile 11.1 PPG Industries 11.1.1 Company Overview 11.1.2 Financial Overview 11.1.3 Products Offerings 11.1.4 Key Developments 11.1.5 SWOT Analysis 11.1.6 Key Strategy 11.2 Akzonobel N.V. 11.2.1 Company Overview 11.2.2 Financial Overview 11.2.3 Products Offerings 11.2.4 Key Developments 11.2.5 SWOT Analysis 11.2.6 Key Strategy 11.3 Jotun 11.3.1 Company Overview 11.3.2 Financial Overview 11.3.3 Products Offerings 11.3.4 182 11.3.5 Key Developments 11.3.6 SWOT Analysis 11.3.7 Key Strategy 11.4 The Sherwin-Williams Company 11.4.1 Company Overview 11.4.2 Financial Overview 11.4.3 Products Offerings 11.4.4 Key Developments 11.4.5 SWOT Analysis 11.4.6 Key Strategy 11.5 Nippon Paint Holdings Co., Ltd 11.5.1 Company Overview 11.5.2 Financial Overview 11.5.3 Products Offerings 11.5.4 Key Developments 11.5.5 SWOT Analysis 11.5.6 Key Strategy 11.6 Asian Paints 11.6.1 Company Overview 11.6.2 Financial Overview 11.6.3 Products Offerings 11.6.4 Key Developments 11.6.5 SWOT Analysis 11.6.6 Key Strategy 11.7 KANSAI PAINT CO., LTD 11.7.1 Company Overview 11.7.2 Financial Overview 11.7.3 Products Offerings 11.7.4 Key Developments 11.7.5 SWOT Analysis 11.7.6 Key Strategy 11.8 RPM International INC 11.8.1 Company Overview 11.8.2 Products Offerings 11.8.3 Key Developments 11.8.4 SWOT Analysis 11.8.5 Key Strategy 11.9 Axalta Coating Systems Ltd. 11.9.1 Company Overview 11.9.2 Financial Overview 11.9.3 Products Offerings 11.9.4 Key Developments 11.9.5 SWOT Analysis 11.9.6 Key Strategy 11.1 Solvay SA 11.10.1 Company Overview 11.10.2 Financial Overview 11.10.3 Products Offerings 11.10.4 Key Developments 11.10.5 SWOT Analysis 11.10.6 Key Strategy 11.11 BASE SE 11.11.1 Company Overview 11.11.2 Financial Overview 11.11.3 Products Offerings 11.11.4 Key Developments 11.11.5 SWOT Analysis 11.11.6 Key Strategy 11.12 Shalimar Paints 11.12.1 Company Overview 11.12.2 Financial Overview 11.12.3 Products Offerings 11.12.4 Key Developments 11.12.5 SWOT Analysis 11.12.6 Key Strategy 11.13 Diamond Vogel 11.13.1 Company Overview 11.13.2 Financial Overview 11.13.3 Products Offerings 11.13.4 Key Developments 11.13.5 SWOT Analysis 11.13.6 Key Strategy 11.14 Indigo Paints Pvt. Ltd 11.14.1 Company Overview 11.14.2 Financial Overview 11.14.3 Products Offerings 11.14.4 Key Developments 11.14.5 SWOT Analysis 11.14.6 Key Strategy 11.15 Berger Paints India Limited 11.15.1 Company Overview 11.15.2 Financial Overview 11.15.3 Products Offerings 11.15.4 Key Developments 11.15.5 SWOT Analysis 11.15.6 Key Strategy 11.16 Beckers Group 11.16.1 Company Overview 11.16.2 Financial Overview 11.16.3 Products Offerings 11.16.4 Key Developments 11.16.5 Key Strategy 11.17 Tiger Coatings GmbH & Co. Kg 11.17.1 Company Overview 11.17.2 Financial Overview 11.17.3 Products Offerings 11.17.4 Key Developments 11.17.5 Key Strategy 11.18 Hempel A/S 11.18.1 Company Overview 11.18.2 Financial Overview 11.18.3 Products Offerings 11.18.4 Key Developments 11.18.5 Key Strategy 11.19 Kelly-Moore Paints 11.19.1 Company Overview 11.19.2 Financial Overview 11.19.3 Products Offerings 11.19.4 Key Developments 11.19.5 Key Strategy 12 Conclusion

Related products