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Global Paints and Coatings Market By Resin Type(Acrylic, Alkyd, Others), By Technology (Waterborne, Powder, Others), By Application (Automotive Coatings, Wood Coatings, Others), By Region–Forecast & Opportunities to 2026

The global paints & coatings market valued at USD 160.0 billion in 2019. The global paints & coatings market is expected to grow at a CAGR of 3.9% during the period of 2020-2026.

Covid19 has disrupted the all the markets across the globe. The pandemic has caused declined in paints & coatings market by impacting architectural and industrial sector. The shutdown of industries has negatively impacted the paints & coatings markets. However it is estimated to experience some boost by the year 2021.

Definition:

Paints can be defined as any liquid, solid or liquefiable substance that when applied with substrate in a thin layer can converts to a solid film. It is used to make objects look attractive, or to provide texture, color or to protect any objects. Coatings are thin layer applied to an object to either project it or to give shiny appearance.

Market Dynamics (Drivers/Opportunities):

Paints & coatings market are sold by various features such as guarantee against corrosion, multi-year performance etc. The companies offering such features are tend to growth more. The companies are introducing new products attracting the crowds.

The new environment friendly paints and coatings are major driving factors for the manufactures across the globe. The introduction of new colors and products along with new technologies drives the coatings market.

The demand for industrial coatings is rising day by day. The manufacturers are investing more in this market due its high demand. The coatings and paints consumption is increasing among automotive, construction and general industry.

Market Insights, by Resin Type

On the basis of resin, the global paints and coatings market is segmented into acrylic, alkyd, epoxy, polyurethane, amino, saturated polyester and unsaturated polyester. Acrylic segment has accounted for largest market share of XX% in 2019. The excellent weathering properties and stabilization has driven the market in acrylic resin segment in paints and coatings market.

Acrylic resin segment is expected to grow at a highest CAGR during the forecast period. Acrylic resin is used in water reducible and emulsion resin in order to manufacture coats. Acrylic resins exhibit characteristics such as optical clarity, thermoplastic nature, UV resistance, weather resistance and dimensional stability.

Market Insights, by Technology

 On the basis of technology, the global paints and coatings market is segmented into waterborne coatings, powder coatings, solvent borne coatings and other. The Waterborne coatings accounted for XX% of market share in 2019 which is largest at that time.

Waterborne segment is expected to register growth at highest CAGR during the forecast period. The growing demand for eco-friendly products along with the growth in construction segment has driving the water borne segment in paints & coatings market. Waterborne coatings are dry faster than other due to faster evaporation of water from coatings layer.

Market Insights, by Application

On the basis of application, the global paints and coatings market is segmented into marine & protective coatings, general industrial coatings, automotive coatings, wood coatings, packaging coatings, architectural coatings and others. Architectural segment in paints & coatings market has accounted for XX% market share in 2019. The growing constructional work across the globe has driven the market.

Architectural segment is expected to register growth at highest CAGR during the forecast period. All the decorative paints and coatings, building paintings, paints use in residential and commercial sectors are come under architectural segment. The environmental awareness has been increasing due to which new innovative products in this industry are developing and also providing affordable high quality products.

Regional Insights

Asia-Pacific region has accounted for largest market share of XX% in 2019. Asia-Pacific region is expected maintain its dominance and register growth at highest CAGR. Constructional activities are rising rapidly in this region and the demand for paints and coatings is also rising from automotive sector in the countries such as Southeast Asia, Japan, China and India driving the market for paints and coatings. The raw materials are easily available along with less stringent laws of VOC emission has created huge opportunities in this region.

Key Companies & Market Share Insights

 

The key market players in paints and coatings industry are Sherwin Williams, Akzo Nobel N.V., Axalta Coatings Systems LLC, PPG Industries, RPM Inc, Henkel AG & Company, KGaA, Jotun, Nippon Paints holdings Co., Asian Paints, Kansai Paints Co., Solvay SA, Base SE, Berger Paints, Shalimar paints, Diamond vogal, Indigo paints and Hempel A/S.

The key market players in paints & coatings industry are focusing on providing affordable products with innovative features. They are trying to offer best solution then competitors. A company’s market positioning can be determined by strong geographical presence, product portfolio and distribution network. The major companies are strategizing for mergers and acquisitions to strengthen their market share and profit.

 

Segments Covered in the Report

This report forecasts The Global Paints & Coatings Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global paints and coatings market report on the basis of resin type, application, and technology.

Global Paints and Coatings Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  3. Executive Summary
    • Market Snapshot
  4. Industry Insights
    • Industry ecosystem analysis
      • ValueChain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Paints and Coatings Market, By Resin Type Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Acrylic
  • Alkyd
  • Epoxy
  • Polyurethane
  • Amino
  • Saturated polyester
  • Unsaturated polyester
  1. Paints and Coatings Market, By Technology, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Waterborne Coatings
  • Powder Coatings
  • Solventborne Coatings
  • Others
  1. Paints and Coatings Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Marine & Protective Coatings
  • General Industrial Coatings
  • Automotive Coatings
  • Wood Coatings
  • Packaging Coatings
  • Architectural Coatings
  • Others
  1. Paints and Coatings Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Resin Type
    • By Technology
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Resin Type
      • By Technology
      • BY Application
      • BY Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Resin Type
        • By Technology
        • BY Application
        • BY Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Resin Type
          • By Technology
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Resin Type
            • By Technology
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Indigo paints
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Sherwin Williams
    • Akzo Nobel N.V.
    • Axalta Coating Syatems LLC
    • PPG Industries
    • RPM Inc
    • Henkel AG & Company
    • KGaA
    • Jotun
    • Nippon Paint holdings Co.
    • Asian Paints
    • Kansai Paint Co.
    • Solvay SA
    • Base SE
    • Berger Paints
    • Shalimar paints
    • Diamond vogal
    • Hempel A/S.
  2. Appendix
    • Interrelated Market

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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