Organic Coatings Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The global organic coatings market is expected to reach USD 87.52 billion by the end of this year and is projected to register a CAGR of over 3% during the forecast period.
The market was negatively impacted by COVID-19 in 2020 due to restrictions on all industrial activities and disruptions in the supply chain. However, the sector has been recovering well since restrictions were lifted. The rise in the level of architectural activities is likely to positively impact the studied market.
Key HighlightsThe organic coatings market is partially consolidated in nature. Some of the major players in the market include Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel, Jotun, and Axalta Coating Systems (not in any particular order).
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