Global Paints and Coatings Market 2022-2028

Global Paints and Coatings Market 2022-2028

A coating is a covering that is applied to the surface of an object, usually referred to as the substrate. The purpose of applying the coating may be decorative, functional or both. Paint is any pigmented liquid, liquefiable, or solid mastic composition that, after application to a substrate in a thin layer, converts to a solid film. It is most commonly used to protect, color, or provide texture to objects. The global paints and coatings market market is projected to rise by USD 59 billion by 2028, according to a new report by Gen Consulting Company. It is anticipated to expand at a CAGR of 5.2 percent during the forecast period.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global paints and coatings market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the paints and coatings industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the technology, type, application, material, and region. The global market for paints and coatings can be segmented by technology: high-solids paints and coatings, powder coatings, radiation-cured coatings, solvent-borne paints and coatings, water-borne paints and coatings, others. According to the research, the water-borne paints and coatings segment had the largest share in the global paints and coatings market. Paints and coatings market is further segmented by type: architectural and decorative coatings, industrial coatings, special-purpose coatings. Based on application, the paints and coatings market is segmented into: architectural, automotive and transportation, wood, metal container closure, coil coatings, machinery and equipment, appliances, plastics, agricultural equipment, others. Among these, the automotive and transportation segment was accounted for the highest revenue generator in 2021. On the basis of material, the paints and coatings market also can be divided into: acrylics, alkyds, epoxy, nitrocellulose, polyester, polyurethane, others. Paints and coatings market by region is categorized into: North America, Asia Pacific, Europe, Rest of the World (ROW).

By technology:

• high-solids paints and coatings
• powder coatings
• radiation-cured coatings
• solvent-borne paints and coatings
• water-borne paints and coatings
• others

By type:

• architectural and decorative coatings
• industrial coatings
• special-purpose coatings

By application:

• architectural
• automotive and transportation
• wood
• metal container closure
• coil coatings
• machinery and equipment
• appliances
• plastics
• agricultural equipment
• others

By material:

• acrylics
• alkyds
• epoxy
• nitrocellulose
• polyester
• polyurethane
• others

By region:

• North America
• Asia Pacific
• Europe
• Rest of the World (ROW)

The report explores the recent developments and profiles of key vendors in the Global Paints and Coatings Market, including Akzo Nobel N.V., Asian Paints Limited, Axalta Coating Systems, Ltd., BASF SE, Becker Industrial Coatings Ltd., Berger Paints Ltd., Henkel Ag & Co. KGaA, Jotun A/S, Kansai Paint Co., Ltd., Masco Corporation, Nippon Paint Holdings Co., Ltd., PPG Industries Inc., RPM International Inc., Sherwin-Williams Company, Sika AG, The 3M Company, among others.

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Historical & Forecast Period

This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report

• To analyze and forecast the market size of the global paints and coatings market.
• To classify and forecast the global paints and coatings market based on technology, type, application, material, region.
• To identify drivers and challenges for the global paints and coatings market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global paints and coatings market.
• To identify and analyze the profile of leading players operating in the global paints and coatings market.

Why Choose This Report

• Gain a reliable outlook of the global paints and coatings market forecasts from 2022 to 2028 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.