In this regions China, India and South East Asian Countries are expected to grow and the building & construction industry will boost sales of paints and coatings.
Dallas, United States - October 25, 2020 /MarketersMedia/ —
Paints and Coatings Market: End Use Industries Application Underscores Lucrative Returns
The global paints and coatings market accounted for a market volume of nearly 51.4 million tons in the year 2019 and is projected to further grow at a CAGR of more than 3.5% over the forecast period. Paints and coatings market growth is directly proportional to multi industry developments across a range of end -user industries comprising automotive, aerospace, and construction industries as paints and coatings are intensively used for improved visual appeal, texture intensity and prolonged shelf life, besides also rendering immense weather resistance.
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Rampant government initiatives encompassing the use of safe, recyclable, and eco-friendly paints and coatings continue to enable large scale investments pertaining to product diversification, allowing the global paints and coatings market to display relentless growth despite stringent market competition. These market highlights are in sync with Adroit Market Research's recent report compilation entitled, 'Paints & Coatings Market by Technology, Application, and regional Outlook, Forecast 2020-25' pinned in its recently compiled research repository.
Amongst the various variants available in paints abd coatings space, water borne paints is likely to witness stupendous adoption in the near future, thus significantly accounting for steady growth. Improved building technology that eliminates environmental degradation probability is likely to single handedly enable growth in paints and coatings market.
Significant spike in restoration of yesteryear architectural remains and buildings is likely to pin favorable returns in paints and coatings space. Additionally, ongoing strides in industrialization, commercialization and fast mobility of rural populace into urban and sub-urban fringes are likely to further fast accelerate growth pace.In this light, emerhing economies across APAC region is positioned to remain atop growth trajectory as the region has been witnessing multi-industry expansion owing to soaring demands.
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The global paints and coatings market is a high end professional synopsis of all the major market specific developments that influence onward growth journey in global paints and coatings market. The report sheds light on market specific information commencing with a detailed definition, overview and executive summary chapters that largely influence the growth trajectory in global paints and coatings market. The report also houses a crisp chapter on market segmentation based on which type and end-use application comprise major market segments.
By type paints and coatings market is diversified into BY type global paints and coatings market is diversified into waterborne, solvent borne technology besides powder coating. Based on application the market is further clustered into architectural and industrial applications.
A thorough rundown on paints and coatings market identifies Europe, North, Central, and South America, APAC, and MEA as leading growth hubs in global paints and coatings market. In its concluding sections, the report also evaluates the competitive landscape of the market benchmarking leading players in the field, complete with a thorough analytical review of each of the frontline players. Each of the mentioned players has been assessed on the basis of company products and service portfolios as well as their growth triggering marketing strategies that steer unperturbed growth despite staggering competition in global paints and coatings market. Market players can effectively decipher crucial understanding on the basis of thorough analytical review of the imformation presented in the report, thus directing profitable returns. Some of the leading players pinned in the report include PPG Industries, Axalta Coating Systems, Akzonobel, Asian Paints, Kansai Paints, and Nippon Paint Holdings amongst others.
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