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March 6, 2020

Paints and Coatings Market Will Grow 5.2% to a Record $ 301.1 Bn by 2026

The global Paints and Coatings market size is anticipated to around USD 301.1 billion by 2026, this market is anticipated to grow with 5.2% CAGR during the forecast time period. In the market, The regional segmentation includes current and projected demand in North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.

The global paints & coatings market growth is driven by escalating construction expenditure, growing automotive industry, increasing urban population, rising household consumption expenditure and improving economic conditions.

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By Resin, Acrylic resin dominated the paint & coatings market in 2018.

Based on technology, the waterborne is expected to dominate during the forecast period 2019 to 2026.

Asia Pacific dominated the global paints & coatings market in the year 2018. Different huge purposes behind the predominance of Asia Pacific are due to the rising launch of innovative & economical water-solvent paints, increasing the preference of personalized colours by urban population and increasing second-hand automobile repaint activities. The growth of paints & coatings market in the Asia Pacific is mainly driven by the developing countries like China, India, and Japan. Europe is the second largest market of paint and coatings. Large manufacturers establishing their facilities in this region and rising demand from construction and automotive industries.

North America will boom by Increasing disposable income and purchasing power in the region.The rising launch of innovative & economical water-solvent paints, increasing the preference of personalized colours by urban population and increasing second-hand automobile repaint activities. The growth of the construction sector, increasing demand for automobiles worldwide, and growing demand from the oil and gas industry. Rapid urbanization, increasing of the living standards, rising middle class, increasing purchasing power and gross domestic product, growing the industry and housing sector, will foster the global paints and coatings Market in the forecast period. Moreover, the main factor driving the market growth is the introduction of various innovative manufacturing processes and technologies like Anticorrosive protection, low-VOC content coats and Nanocoatings significantly facilitated to cater to numerous new and diverse consumer demands. Furthermore, the growing application of paints and coatings to protect machines and equipment from rusting and corrosion in industries. As for consumer goods, they serve the purpose of keeping corrosion at bay and make products look better will accelerate the growth of the paints and coatings market.

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Paints & Coatings Market (By Resin: Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, Others; By Technology: Waterborne, Powder, Solventborne, Others; By Application: Architectural, Industrial, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

North America is expected to register the highest CAGR during the forecast period. Theescalating construction expenditure, growing automotive industry, increasing urban population, rising household consumption expenditure and rising economic conditions are expected to drive the market growth. A few notable trends include rising consolidation of market players, increasing preference for skilled contractors, growing adoption of natural ingredients by chemical firms, high demand for personalized paints solutions in developing economies and technological advancement.

Architecturalhas dominated the end use segment in the year 2018 and the segment is projected to maintain its dominance over the forecast period. Architectural paints & coatings, also known as decorative paints & coatings or building paints, are applied on the interior and exterior walls of all kinds of residential, commercial, industrial, and institutional buildings. Apart from their decorative features, architectural paints & coatings also possess some protective features. For instance, exterior architectural paints & coatings protect the building from extremes of rain, sunlight, and wind. Architectural paints & coatings are applied either by building contractors or directly by customers as homemade (DIY). Architectural coatings also find application in decorative interiors like wall paintings, wood flooring, sculptures, and furniture. Increase in environmental awareness has led to innovations in the coating industry to provide affordable quality products, of high quality, possess value-added features, and meet global trends. Similarly, growing safety standards will raise the demand for fireproof and waterproof coatings on buildings. This is shifting the global focus towards architectural coatings.

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Acrylic segment dominated the market in 2018 and is predicted to witness a gradual growth over the forecast amount. Acrylics are available in various forms like emulsions (latex), lacquers, enamels, and powders. The most common kind of acrylic paint is latex. The chief elements of acrylic polymers, acrylic, and methacrylic acid, provide a polymer structure that has little tendency to absorb uv light, which increases its resistance to weathering and oxidation than oil-based paints, alkyds, or epoxies. Acrylics possess good colors and gloss retention.

Some of the key manufacturing companies include in the global paints & coatings market are PPG Industries Inc., AkzoNobel NV, Sherwin Williams, RPM International, Nippon Paints , Sherwin-Williams Company, Valspar Corporation, Kansai Paint Company, Hempel A/S, Jotun A/S, Kansai Paints, Asian Paints, BASF Coatings GmbH, Axalta Coatings Systems, Berger Paints India Limited, Shalimar Paints Limited, Jotun A/S, Axalta Coating Systems Ltd., Masco Corporation, Jotun, Boero Yachtcoatings, Chugoku Marine Paints Ltd., Hempel A/S, Kop-Coat Marine Group.

Some of the key observations regarding global paints & coatings industry include:

  • In June 2019, Sherwin-Williams introduced a new quick-drying coating, Moisture Vapor Barrier Interior Latex Primer/Sealer, to help reduce the moisture through ceilings and walls. The new coating provided a cost-effective solution to the problems faced in manufactured housing facilities.
  • In April 2019, PPG acquired Hemmelrath Lackfabrik GmbH, a manufacturer of automotive coatings. The acquisition was made to help facilitate PPG's strategic growth plans by adding new products to its existing portfolio.

Market Segmentation

Market By Resin

  • Acrylic
  • Alkyd
  • Epoxy
  • Polyurethane
  • Polyester
  • Others

Market By Technology

  • Waterborne
  • Powder
  • Solventborne
  • Others

Market By Application

  • Architectural
  • Industrial
  • Others

Market By Geography

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

Key Questions Answered in the Report

The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-

- What is the overall structure of the market?

- What was the historical value and what is the forecasted value of the market?

- What are the key product level trends in the market?

- What are the market level trends in the market?

- Which of the market players are leading and what are their key differential strategies to retain their stronghold?

- Which are the most lucrative regions in the market space?

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Paints & Coatings
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Paints & Coatings Market By Resin
1.2.2.1. Global Paints & Coatings Market Revenue and Growth Rate Comparison By Resin(2015-2026)
1.2.2.2. Global Paints & Coatings Market Revenue Share By Resin in 2018
1.2.2.3. Acrylic
1.2.2.4. Alkyd
1.2.2.5. Epoxy
1.2.2.6. Polyurethane
1.2.2.7. Polyester
1.2.2.8. Others
1.2.3. Paints & Coatings Market By Technology
1.2.3.1. Global Paints & Coatings Market Revenue and Growth Rate Comparison By Technology(2015-2026)
1.2.3.2. Global Paints & Coatings Market Revenue Share By Technology in 2018
1.2.3.3. Waterborne
1.2.3.4. Powder
1.2.3.5. Solventborne
1.2.3.6. Others
1.2.4. Paints & Coatings Market By Application
1.2.4.1. Global Paints & Coatings Market Revenue and Growth Rate Comparison By Application(2015-2026)
1.2.4.2. Global Paints & Coatings Market Revenue Share By Application in 2018
1.2.4.3. Architectural
1.2.4.4. Industrial
1.2.4.5. Others
1.2.5. Paints & Coatings Market by Geography
1.2.5.1. Global Paints & Coatings Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.5.2. North America Paints & Coatings Market Revenue and Growth Rate(2015-2026)
1.2.5.3. Europe Paints & Coatings Market Revenue and Growth Rate(2015-2026)
1.2.5.4. Asia-Pacific Paints & Coatings Market Revenue and Growth Rate(2015-2026)
1.2.5.5. Latin America Paints & Coatings Market Revenue and Growth Rate(2015-2026)
1.2.5.6. Middle East and Africa (MEA)Paints & Coatings Market Revenue and Growth Rate(2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Technology and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PAINTS & COATINGS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Paints & Coatings Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Paints & Coatings Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Paints & Coatings Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Paints & Coatings Major Manufacturers in 2018

CHAPTER 4. PAINTS & COATINGS MARKET BY RESIN
4.1. Global Paints & Coatings Revenue By Resin
4.2. Acrylic
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Alkyd
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Epoxy
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Polyurethane
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.6. Polyester
4.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.7. Others
4.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 5. PAINTS & COATINGS MARKET BY TECHNOLOGY
5.1. Global Paints & Coatings Revenue By Technology
5.2. Waterborne
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Powder
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Solventborne
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Others
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 6. PAINTS & COATINGS MARKET BY APPLICATION
6.1. Global Paints & Coatings Revenue By Application
6.2. Architectural
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Industrial
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Others
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 7. NORTH AMERICA PAINTS & COATINGS MARKET BY COUNTRY
7.1. North America Paints & Coatings Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. North America Paints & Coatings Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Paints & Coatings Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 8. EUROPE PAINTS & COATINGS MARKET BY COUNTRY
8.1. Europe Paints & Coatings Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Europe Paints & Coatings Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.6.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.7.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 9. ASIA-PACIFIC PAINTS & COATINGS MARKET BY COUNTRY
9.1. Asia-Pacific Paints & Coatings Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Asia-Pacific Paints & Coatings Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
9.8.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.8.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 10. LATIN AMERICA PAINTS & COATINGS MARKET BY COUNTRY
10.1. Latin America Paints & Coatings Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Latin America Paints & Coatings Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Technology , 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 11. MIDDLE EAST & AFRICA PAINTS & COATINGS MARKET BY COUNTRY
11.1. Middle East & Africa Paints & Coatings Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Middle East & Africa Paints & Coatings Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.5. Rest of Middle East & Africa
11.5.1. Market Revenue and Forecast By Resin, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 12. COMPANY PROFILE
12.1. PPG Industries Inc.
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Type Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. AkzoNobel NV
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Type Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Sherwin Williams
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Type Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. RPM International
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Type Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Nippon Paints
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Type Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Valspar Corporation
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Type Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Kansai Paint Company
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Type Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Hempel A/S
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Type Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. Asian Paints
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Type Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Others
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Type Portfolio
12.10.5. Key Developments
12.10.6. Strategies

CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope

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March 6, 2020, 13:30
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