Zion Research has published a new
report titled “Paints and Coatings (High Solids/Radiation Cure, Powder
Coatings, Waterborne Coatings, Solvent Borne Technologies and Others) Market
for Automotives & Aviation, Medical & Healthcare, Residential,
Commercial and Other End-users: Global Industry Perspective, Comprehensive
Analysis and Forecast 2014 - 2020.” According to the report, the global paints
and coating market was valued at approximately USD 110 billion in 2014 and expected
to reach approximately USD 145 Billion by 2020, growing at a CAGR of around
5.0% between 2015 and 2020. In terms of volume, global paints and coating market stood at approximately 35.5 million tons in 2014.
Paints and coatings are mainly used
for decoration and protection of buildings, automotives, etc. The decorative
paints and coatings subsector depends heavily on the performance of the
building & construction sector, whereas protective paints and coatings are
linked closely to the automotive, major appliance and industrial equipment
sectors. Architectural coatings include interior and exterior house paints,
primers, sealers, varnishes and stains. They are sold to contractors and the
general public through retail and wholesale outlets as well as direct to large
commercial accounts. Industrial coatings include automotive paints, can
coatings, coil coatings, furniture finishing and road-marking paints. Most of
these products are sold direct to the end user.
Browse the full "Paints
and Coatings Market for Automotives & Aviation, Medical & Healthcare,
Residential, Commercial and Other End-users: Global Industry Perspective,
Comprehensive Analysis and Forecast 2014 - 2020" report at http://www.marketresearchstore.com/report/paints-and-coatings-market-by-product-segment-z37356
Key product segments of the paints and coatings industry include solvent-borne, waterborne, radiation cured and powder coatings. Paints and coating market was dominated by waterborne segment and it accounted for around 40% share of the total volume consumed in 2014. With increasing awareness among the end-users regarding environmental concerns, demand for waterborne paints and coatings is expected to go up. Further, it is expected to exhibit moderate growth rate during the forecast period. Solvent-borne is another important segment of the paints and coatings market. Powder coatings are expected to witness fastest growth rate during the forecast period.
Building & construction (residential and commercial), automotive, medical & healthcare, and others are the key end-user industries for paints and coatings market. Building & construction accounted for large share of the total paints and coatings volume consumed in 2014. Building & construction segment is dominated by residential application. Residential and commercial applications collectively accounted over 55% share of the market in 2014. Strong growth in construction industry across the world is likely to surge demand for paints and coatings. Automotive is another important outlet for paints and coating industry followed by medical & healthcare.
Key product segments of the paints and coatings industry include solvent-borne, waterborne, radiation cured and powder coatings. Paints and coating market was dominated by waterborne segment and it accounted for around 40% share of the total volume consumed in 2014. With increasing awareness among the end-users regarding environmental concerns, demand for waterborne paints and coatings is expected to go up. Further, it is expected to exhibit moderate growth rate during the forecast period. Solvent-borne is another important segment of the paints and coatings market. Powder coatings are expected to witness fastest growth rate during the forecast period.
Building & construction (residential and commercial), automotive, medical & healthcare, and others are the key end-user industries for paints and coatings market. Building & construction accounted for large share of the total paints and coatings volume consumed in 2014. Building & construction segment is dominated by residential application. Residential and commercial applications collectively accounted over 55% share of the market in 2014. Strong growth in construction industry across the world is likely to surge demand for paints and coatings. Automotive is another important outlet for paints and coating industry followed by medical & healthcare.
Global paints and coatings market is dominated by Asia Pacific. It accounted for around 40% share of the total volume consumed in 2014. Asia Pacific was followed by Europe and North America. Rapidly growing construction and automotive industry in Asia Pacific is expected to drive demand for paints and coating in the years to come.
Some major players in the
market such as AkzoNobel N.V., PPG Industries, Sherwin-Williams Company,
Diamond Vogel Paints, Berger Paints, Asian Paints, Dow Corning, KCC
Corporation, Axalta Coatings System, BASF SE, The Valspar Corporation, RPG
International Inc and others.
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3422 SW 15 Street,Suit #8138
Deerfield Beach,Florida 33442
United States
Toll Free: +1-855-465-4651 (USA-CANADA)
Tel: +1-386-310-3803
Email: sales@marketresearchstore.com
Website: http://www.marketresearchstore.com
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