Paint Protection Films Market by Material (Polyester & Polyethylene Terephthalate, Polyvinyl Chloride & Polyethylene, Thermoplastic Polyurethane), End-User Industry (Automotive, Construction, Electronics) - Global Forecast 2024-2030

Paint Protection Films Market by Material (Polyester & Polyethylene Terephthalate, Polyvinyl Chloride & Polyethylene, Thermoplastic Polyurethane), End-User Industry (Automotive, Construction, Electronics) - Global Forecast 2024-2030

The Paints & Coatings Market size was estimated at USD 170.73 billion in 2023 and expected to reach USD 183.68 billion in 2024, at a CAGR 7.77% to reach USD 288.41 billion by 2030.

Global Paints & Coatings MarketPaints & coatings are elements that have revolutionized the painting sector. Paint & coatings are substances applied to surfaces that provide a protective and decorative finish. They are commonly used on surfaces such as walls, ceilings, floors, furniture, vehicles, and machinery. Paint is a liquid or semi-liquid substance comprising pigments, solvents, binders, and additives. Paints & coatings provide specific properties such as flame retardancy, anti-fouling, and anti-microbial properties in architectural, industrial, automotive, aerospace, and other end-use sectors. Increasing construction activities and growing automotive production is elevating the demand for paint & coatings. However, the paint and coating industry is also facing some challenges, including environmental hazards and limitations of powder coatings that impede the growth of the paint and coating market. Increasing research & development activities to develop sustainable and eco-friendly paints & coatings is expected to benefit the market's growth.

Regional Insights

The paints & coatings market in the Americas region represents a highly developed and innovative landscape owing to the increasing applications in the aerospace, automotive, and construction sector and the growing introduction of eco-friend paint & coatings. As per Associated General Contractors of America (AGC), the construction sector develops approximately USD 1.4 trillion worth of structures every year in the United States and has over 7 million employees. Construction spending is rising in the United States, Brazil, Mexico, and other nations with continuous infrastructure development. In January 2022, the total construction spending was USD 1,677.2 billion, 1.3% more than the revised December 2021 estimate of USD 1,655.8 billion. Similarly, as per the National Institute of Statistics and Geography (INEGI), in December 2021, construction output in Mexico increased by 2.79% over the same month in the previous year. In 2021, according to the International Organization of Motor Vehicle Manufacturers (OICA), total car production was higher across China, Japan, India, South Korea, Malaysia, Thailand, and Indonesia. The growing automotive vehicle production in Asia-Pacific is expected to expand the usage of paints & coatings. The ongoing strategies by market players in Europe to expand their presence in the paint & coatings are expected to create a platform in EMEA. For instance, Huntsman Corporation launched the POLYRESYST IC6005 polyurethane system in Europe, a novel intumescent coating developed for the construction industry that can provide passive fire performance alongside strong protective properties.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Paints & Coatings Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Paints & Coatings Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Paints & Coatings Market, highlighting leading vendors and their innovative profiles. These include Akzo Nobel N.V., Asian Paints Limited, Axalta Coating Systems Ltd., BASF SE, Benjamin Moore & Co., Berger Paints Ltd., Chongqing Sanxia Paints Co., Ltd., DAW SE, Diamond Vogel Paint Company, DuPont de Nemours, Inc., H.B. Fuller Company, Hempel A/S, Henkel AG & Co. KGaA, HUELSEMANN Coatings GmbH, Indigo Paints Ltd., Jotun A/S, Kansai Paint Co.,Ltd., Kelly-Moore Paints, Masco Corporation, Nippon Paint Holdings Co., Ltd., Omega Industries, PPG Industries, Inc., RPM International Inc., S&B Finishing Co. Inc., Shalimar Paints, SKK(S) Pte. Ltd., The Sherwin-Williams Company, Tiger Coatings GmbH & Co. KG, Tikkurila Oyj, and Vista Paint Corporation.

Market Segmentation & Coverage

This research report categorizes the Paints & Coatings Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Powder
Solvent Based
Water Based
Resin Type
Acrylic
Alkyd
Epoxy
Polyester
Polyurethane
Positioning
Mid-tier/Standard
Premium
Value/Economy
End-User
Architectural/Decorative
Non-residential
Residential
New Construction
Remodel & Repaint
Industrial
Aerospace
Automotive
General Industrial
Marine
Packaging
Rail
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Paints & Coatings Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Paints & Coatings Market?
3. What are the technology trends and regulatory frameworks in the Paints & Coatings Market?
4. What is the market share of the leading vendors in the Paints & Coatings Market?
5. Which modes and strategic moves are suitable for entering the Paints & Coatings Market?

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