Transparency Market Research (TMR) has announced the
release of a new report on the global paints and coatings market. The
report, titled “Paints and Coatings Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”,
states that the market, which had a valuation of US$100.3 billion in
2012, will reach US$143.9 billion in 2019. This amounts to a 5.4%
CAGR from 2013 to 2019.To offer a holistic view of the global paints
and coatings market, the TMR report covers an impact analysis of
factors that will impact the overall market on a global and regional
level during the forecast period.The report states that the paints
and coatings market has been growing exponentially due to rapid
industrialization and steady recovery of the global economy.
This 116 page report gives readers a comprehensive
overview of the Paints and Coatings market. Browse through 20 data
tables and 25 figures to unlock the hidden opportunities in this
market@
The expanding building and construction sector and
demand for paints and coatings from other industry verticals is
accentuating growth of the global paints and coatings market. Paints
and coatings serve two functions, viz. protection and decoration. The
substances work to increase surface resistance from weathering and
rust, increase the durability of structures, and enhance their
aesthetic appeal. The huge demand for water-borne coatings from these
industries has amplified the growth of the overall paints and
coatings market. In 2012, water-borne coatings registered the highest
demand and accounted for 40% of the total demand from the overall
market in the same year. This was mainly due to increasing demand for
water-borne coatings from the residential, aviation, commercial, and
automotive sectors.Additionally, in Asia Pacific, economic growth,
rapid urbanization, and growing manufacturing activities collectively
account for driving demand for paints and coatings. However,
discharge of harmful volatile organic compounds (VOC) from paints and
coatings, which are associated with health and environmental
concerns, is anticipated to inhibit the growth of this market, adds
the report.
However, increasing application base of nanocoatings,
development of green coatings, and the expanding paints and coatings
market in the Middle East and North Africa will boost the growth
prospects for the global paints and coatings market in the next
couple of years.The paints and coatings industry is divided into
three different markets, namely architecture/decorative, industrial
OEM, and special purpose coatings.According to the report,
residential spaces accounted for the highest demand for paints and
coatings in 2012. This is because paints and coatings are extensively
used in residential dwellings such as apartments, independent houses,
and bungalows for architectural, protection, and decoration purposes.
Get accurate market forecast and analysis on the
Paints and Coatings market. Request a sample to stay abreast on the
key trends impacting this market@
The commercial and industrial sectors also account
for huge demand for paints and coatings. Of the two, the commercial
application segment emerged as the largest end user of the market and
the hierarchy is expected to continue in coming years.Some of the
major participants in the global paints and coatings market are PPG
Industries, BASF SE, AkzoNobel N.V., RPG International Inc.,
Sherwin-Williams Company, The Valspar Corporation, and Axalta
Coatings System. The major players are profiled for attributes such
as company overview, business strategy, financial overview, and SWOT
analysis.
The market has been segmented as below:
Paints and Coatings Market: Product Segment
Analysis
- High solids/radiation cure
- Powder coating
- Waterborne coating
- Solvent-borne technologies
- Others (including specialty coatings, etc.)
Paints and Coatings Market: End-user Analysis
- Automotives & aviation
- Medical & healthcare
- Residential
- Commercial
- Others (including other industries, special purpose, etc.)
Paints and Coatings Market: Regional Analysis
- North America
- Europe
- Asia-Pacific
- Rest of the World
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
No comments:
Post a Comment