Paints and Coatings Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2023-28

Author: Elena Anderson Marketing Manager

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Global Paints and Coatings Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Paints and Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

," the global paints and coatings market size reached US$ 168.7 Billion in 2022.

Paints are made from a mixture of pigments, binders, solvents, and additives that are used to protect surfaces against various environmental factors, such as moisture, sunlight, and temperature fluctuations. They are an excellent way to enhance the appearance of surfaces by adding color, texture, and other decorative effects.

On the other hand, coatings are produced from different materials, such as polymers, ceramics, and metals, which are applied to various surfaces like metal, plastic, wood, and concrete. They have anti fouling, anti-microbial, or self-cleaning properties and consequently applied to different surfaces using brushes, rollers, sprayers, and dip coating.

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Global Paints and Coatings Market Trends:

There is a significant growth in the construction industry and an increase in the use of paints and coatings on walls, ceilings, floors, roofs, and other surfaces for protecting and enhancing the appearance of buildings. This, coupled with rising construction activities in residential, commercial, and industrial areas on account of rapid urbanization and inflating income levels, represents one of the major factors strengthening the market growth around the world. Moreover, paints and coatings are employed in the automotive industry to protect vehicles from scratches and other damages. This, along with the growing sales of luxury vehicles and the burgeoning automotive sector, is influencing the market positively. In addition, the increasing utilization of paints and coatings in the aerospace industry to prevent extreme environmental factors, such as high temperatures, corrosion, and wear and tear, is fueling the growth of the market. Apart from this, key players are introducing volatile organic compounds (VOC) free, block resistant, and organic paints and coatings that are produced using natural ingredients like lemon peel extract, seed, clay, vegetable, and soybean oil to expand their product portfolio.

Looking forward, IMARC Group expects the market to reach US$ 231.3 Billion by 2028, exhibiting at a CAGR of 5.2% during 2023-2028.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/paints-coatings-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Product:

• Waterborne Coatings

• Solvent-borne Coatings

• Powder Coatings

• High Solids/Radiation Curing

• Others

Breakup by Material:

• Acrylic

• Alkyd

• Polyurethane

• Epoxy

• Polyester

• Others

Breakup by Application:

• Architectural and Decorative

• Non-Architectural

o Automotive and Transportation

o Wood

o General Industrial

o Marine

o Protective

o Others

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape with Key Players:

• Akzo Nobel N.V

• Asian Paints Ltd

• Axalta Coating Systems Ltd

• Berger Paints India Limited

• Indigo Paints Limited

• Jotun A/S

• Kansai Paint Co. Ltd

• National Paints Factories Co. Ltd

• PPG Industries Inc

• RPM International Inc

• The Sherwin-Williams Company

• Tiger Coatings GmbH & Co. KG

1. What was the size of the global paints and coatings market in 2022?

2. What is the expected growth rate of the global paints and coatings market during 2023-2028?

3. What are the key factors driving the global paints and coatings market?

4. What has been the impact of COVID-19 on the global paints and coatings market?

5. What is the breakup of the global paints and coatings market based on the product?

6. What is the breakup of the global paints and coatings market based on the material?

7. What is the breakup of the global paints and coatings market based on the application?

8. What are the key regions in the global paints and coatings market?

9. Who are the key players/companies in the global paints and coatings market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/paints-coatings-market/toc

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