The Asia-Pacific paints and coatings market was estimated at over USD 61 billion in 2021, and the market is projected to register a CAGR of greater than 5% during the forecast period (2022-2027).
Due to the COVID-19 outbreak, nationwide lockdowns around the world, disruption in manufacturing activities and supply chains, production halts, and labor unavailability have negatively impacted the market. However, the conditions started recovering in 2021, thereby restoring the growth trajectory of the market studied during the forecast period.
The Asia-Pacific paints and coatings market is highly fragmented in nature, with no player having a significant share in the market. Although mergers and acquisitions have started to gain significance in the Asia-Pacific market, it continues to be less than in the other regions of the world. Key players in the Asia-Pacific paints and coatings market (not in any particular order) include Akzo Nobel NV, Asian Paints, Kansai Paint Co. Ltd, Nippon Paint Holdings Co. Ltd, and PPG Industries Inc.
1 INTRODUCTION 1.1 Study Assumptions 1.2 Scope of the Study 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS 4.1 Drivers 4.1.1 Accelerating Growth of the Construction Industry 4.1.2 Increasing Demand for Protective Coatings in Malaysia 4.2 Restraints 4.3 Industry Value Chain Analysis 4.4 Porter's Five Forces Analysis 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Consumers 4.4.3 Threat of New Entrants 4.4.4 Threat of Substitute Products and Services 4.4.5 Degree of Competition 5 MARKET SEGMENTATION (Market Size by Value) 5.1 Technology 5.1.1 Water-borne 5.1.2 Solvent-borne 5.1.3 Powder 5.1.4 UV-cured 5.2 Resin Type 5.2.1 Acrylic 5.2.2 Alkyd 5.2.3 Polyurethane 5.2.4 Epoxy 5.2.5 Polyester 5.2.6 Other Resin Types (Isopropyl Alcohol Coatings, Fluoropolymers ) 5.3 End-user Industry 5.3.1 Architectural/Decorative 5.3.2 Automotive 5.3.3 Wood 5.3.4 Protective Coatings 5.3.5 General Industrial 5.3.6 Transportation 5.3.7 Packaging 5.4 Geography 5.4.1 China 5.4.2 India 5.4.3 Japan 5.4.4 South Korea 5.4.5 Australia & New Zealand 5.4.6 Indonesia 5.4.7 Thailand 5.4.8 Malaysia 5.4.9 Vietnam 5.4.10 Philippines 5.4.11 Singapore 5.4.12 Rest of Asia-Pacific 6 COMPETITIVE LANDSCAPE 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements 6.2 Market Share Analysis** 6.3 Strategies Adopted by Leading Players 6.4 Company Profiles 6.4.1 Akzo Nobel NV 6.4.2 Asian Paints Limited 6.4.3 Avian Brands 6.4.4 Axalta Coating Systems 6.4.5 BASF SE 6.4.6 Beger Co. Ltd 6.4.7 Berger Paints India 6.4.8 Boysen Paints 6.4.9 Davies Paints Philippines Inc. 6.4.10 Hempel 6.4.11 Jotun 6.4.12 Kansai Paint Co. Ltd 6.4.13 Nippon Paint Holdings Co. Ltd 6.4.14 PPG Industries Inc. 6.4.15 PT. Propan Raya ICC 6.4.16 The Sherwin-Williams Company 6.4.17 TOA Paint Public Company Limited 7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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