Paints and Coatings Market - Global Study on Paints and Coatings: Witness Highest Growth by 2020
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Industrial Paints and Coatings are Expected to Witness Highest Growth By 2020 in Global Paints and Coating Market: Persistence Market Research
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Paints and Coatings Market - Global Study on Paints and Coatings: Witness Highest Growth by 2020
Persistence Market Research Released New Market Report
“Global Market Study on Paints and
Coatings: Industrial Paints and Coatings to Witness Highest Growth by 2020�, the global paints and coatings market was worth USD 121.9 billion in 2013 and is expected to grow at a CAGR of 5.5% during 2014 to 2020, to reach an estimated value of USD 176.5 billion in 2020.
With urbanization, the world is becoming a more sophisticated place with the growing need for greater comfort. The paints and coatings market has been benefitting due to these developments in personal and non-personal spaces. The increasing global population and the growing number of nuclear families escalate the demand for new houses every year, which in turn creates demand for paints and coatings. The increasing market for consumer goods and automobiles is also propelling the growth of the paints and coatings market.
Based on end-use, the paints and coatings market is segmented into three categories: architectural and decorative; industrial; and marine. Architectural and decorative paints and coatings can be further segmented into water-based and solvent-based. Similarly, industrial paints and coatings can be classified into water-based, solvent-based, powder, and UV-based.
Architectural and decorative paints and coatings are used mainly applied on interior and exterior walls of houses and corporate buildings. Based on their formulation, there are basically two types of architectural and decorative paints and coatings: water-based and solvent-based. Based on type, architectural and decorative paints and coatings paints are mainly classified into emulsions and distempers. Distempers are costlier than emulsions and account for lesser market share as compared to emulsions.
Industrial paints and coatings are used by several industries, including machinery manufacturing, automotive, and consumer goods. Based on their formulation, industrial paints and coatings can be segmented into four categories: water-based, solvent-based, powder, and UV-based.
According to the Bureau of Economic Analysis (U.S. Department of Commerce), the durable goods industry grew from USD 958.7 billion in 2010 to USD 1096.4 billion in 2013. The construction industry in the country grew from USD 539.1 billion in 2010 to USD 611.4 billion in 2013. Fabricated metal products industry accounted for USD 120.6 billion in 2010 which increased to reach USD 134.1 billion in 2012. The
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Paints and Coatings Market - Global Study on Paints and Coatings: Witness Highest Growth by 2020 wood products industry reached USD 23.8 billion in 2012 from USD 22.1 billion in 2010. The growth of these industries is fuelling the growth of the paints and coatings market.
Several European economies recorded negative GDPs during the Euro-Zone crisis. Italy and Spain have been the biggest victims of this crisis. However, the European economies are improving and consumers are gaining confidence once more, which is a positive sign for consumer-related industries. The negative effect of the economic crisis also impacted the European paints and coatings market; however, the industry is recovering and is expected to gain momentum by 2020.
The global Industrial paints and coatings market has moderate degree of competition; however, the industry is moving towards consolidation through large number of mergers and acquisitions taking place in the recent years. Some of the major paints and coatings companies include AkzoNobel N.V., PPG Industries, The Sherwin-Williams Company, RPM International, Valspar Corporation, and Kansai Paint Company.
Browse the full Global Market Study on Paints and Coatings: Industrial Paints and Coatings to Witness Highest Growth by 2020 report at http://www.persistencemarketresearch.com/market-research/paintscoatings-market.asp
Below is the segmentation done by Persistence Market Research for global market study on paints and coatings: Market Size and Forecast by Product Segment Market Size and Forecast Architectural and Decorative Paints and Coatings •
Water-based Architectural and Decorative Paints and Coatings
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Solvent-based Architectural and Decorative Paints and Coatings
Industrial Paints and Coatings •
Water-based Industrial Paints and Coatings
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Paints and Coatings Market - Global Study on Paints and Coatings: Witness Highest Growth by 2020 Solvent-based Industrial Paints and Coatings •
Powder Coatings
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UV-based Coatings
Market Size and Forecast by Region North America •
Market Size and Forecast by country
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Market Size and Forecast by product segments
Europe •
Market Size and Forecast by country
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Market Size and Forecast by product segments
Asia Pacific •
Market Size and Forecast by country
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Market Size and Forecast by product segments
Rest of the World (RoW) •
Market Size and Forecast by product segments
Market History: The rapid pace of industrial development, growing number of end-use industries, and increasing interest of the global population in architecture are driving the global paints and coatings market. There is a large untapped market for the construction industry in the developing countries which has been increasing every year owing to the ever increasing global population. These factors are creating demand for construction materials, including paints and coatings. The growing population and per capita income has been fuelling the demand for consumer goods and automotives, which in turn is boosting industrialization. The use of metals has also increased to a great degree in the last decade. Paints and coatings are mainly used to protect machines and equipment from rusting and corrosion in industries. As for consumer goods, they serve the purpose of keeping corrosion at bay and make products look better.
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Paints and Coatings Market - Global Study on Paints and Coatings: Witness Highest Growth by 2020 Architectural and decorative paints and coatings are used mainly applied on interior and exterior walls of houses and corporate buildings. Based on their formulation, there are basically two types of architectural and decorative paints and coatings: water-based and solvent-based. Based on type, architectural and decorative paints and coatings paints are mainly classified into emulsions and distempers. Distempers are costlier than emulsions and account for lesser market share as compared to emulsions. Industrial paints and coatings are used by several industries, including machinery manufacturing, automotive, and consumer goods. Based on their formulation, industrial paints and coatings can be segmented into four categories: water-based, solvent-based, powder, and UV-based. The increasing global population and the growing number of nuclear families escalate the demand for new houses every year, which in turn creates demand for paints and coatings. The increasing market for consumer goods and automobiles is also propelling the growth of the paints and coatings market. The global paints and coatings industry has moderate degree of competition; however, the industry is moving towards consolidation through large number of mergers and acquisitions taking place in the recent years. Some of the major paints and coatings companies include AkzoNobel N.V., PPG Industries, The Sherwin-Williams Company, RPM International, Valspar Corporation, and Kansai Paint Company.
Table of Content Chapter 1 Preface 1.1 Research Methodology 1.2 Segments Covered in the Report 1.2.1 Product segments 1.2.2 Regions covered in the report 1.3 Assumptions
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Paints and Coatings Market - Global Study on Paints and Coatings: Witness Highest Growth by 2020
Chapter 2 Market Synopsis Chapter 3 Porter’s Five Forces Analysis 3.1 Bargaining Power of Buyers 3.2 Bargaining Power of Suppliers 3.3 Threat of New Entrants 3.4 Threat of Substitutes 3.5 Rivalry Within the Industry Chapter 4 Industry Overview 4.1 Introduction 4.2 Market Drivers 4.2.1 Rising infrastructural developments is increasing sales of the paints and coatings market 4.2.2 Growth in the end user industries of paints and coatings is contributing to the growth of market 4.2.3 Increasing architectural interest in the developing countries is escalating the demand for paints and coatings 4.3 Impact Analysis for Drivers
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Paints and Coatings Market - Global Study on Paints and Coatings: Witness Highest Growth by 2020
4.4 Market Restraints 4.4.1 Rising raw material prices is creating obstacles in the growth of paints and coatings market 4.4.2 Declining percentage of new concrete walls built as exterior of corporate buildings is impacting volume sales of paints and coatings 4.5 Impact Analysis for Restraints 4.6 Market Opportunities 4.6.1 Green coatings technologies offer great opportunity area for the paints and coatings industry 4.7 Market Trends 4.7.1 Paints and coating companies are focusing on providing additional features to their products 4.7.2 Paints and coatings industry is witnessing consolidation
Chapter 5 Market Size and Forecast by Product 5.1 Architectural and Decorative Paints and Coatings 5.1.1 Water-based architectural and decorative paints and coatings 5.1.2 Solvent-based architectural and decorative paints and coatings
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Paints and Coatings Market - Global Study on Paints and Coatings: Witness Highest Growth by 2020 5.2 Industrial Paints and Coatings 5.2.1 Water-based industrial paints and coatings 5.2.2 Solvent-based industrial paints and coatings 5.2.3 Powder coatings 5.2.4 UV-based coatings 5.3 Marine Paints and Coatings Chapter 6 Market Size and Forecast by Region 6.1 North America 6.1.1 Market size by country 6.1.2 Market size by products 6.1.3 Architectural and decorative paints and coatings 6.1.4 Industrial paints and coatings 6.2 Europe 6.2.1 Market size by country 6.2.2 Market size by product segment 6.2.3 Architectural and decorative paints and coatings
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Paints and Coatings Market - Global Study on Paints and Coatings: Witness Highest Growth by 2020 6.2.4 Industrial paints and coatings 6.3 Asia Pacific 6.3.1 Market size by country 6.3.2 Market size by product segment 6.3.1 Architectural and decorative paints and coatings 6.3.2 Industrial paints and coatings 6.4 Rest of the World 6.4.1 Market size by product segment 6.4.2 Architectural and decorative paints and coatings 6.4.3 Industrial paints and coatings Chapter 7 Competitive Scenario 7.1 Competitive Benchmarking Chapter 8 Company Profiles 8.1 AkzoNobel N.V. 8.1.1 Company Overview 8.1.2 Products and Services
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Paints and Coatings Market - Global Study on Paints and Coatings: Witness Highest Growth by 2020 8.1.3 Financial Performance 8.1.4 Recent Developments 8.2 PPG Industries, Inc. 8.2.1 Company Overview 8.2.2 Products and Services 8.2.3 Financial Performance 8.2.4 Recent Developments 8.3 The Sherwin-Williams Company 8.3.1 Company Overview 8.3.2 Products and Services 8.3.3 Financial Performance 8.3.4 Recent Developments 8.4 RPM International, Inc. 8.4.1 Company Overview 8.4.2 Products and Services 8.4.3 Financial Performance
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Paints and Coatings Market - Global Study on Paints and Coatings: Witness Highest Growth by 2020 8.4.4 Recent Developments 8.5 Valspar Corporation 8.5.1 Company Overview 8.5.2 Products and Services 8.5.3 Financial Performance 8.5.4 Recent Developments 8.6 Kansai Paint Company Limited 8.6.1 Company Overview 8.6.2 Products and Services 8.6.3 Financial Performance 8.6.4 Recent Developments 8.7 Axalta Coating Systems 8.7.1 Company Overview 8.7.2 Products and Services 8.7.3 Financial Performance 8.7.4 Recent Developments
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Paints and Coatings Market - Global Study on Paints and Coatings: Witness Highest Growth by 2020 8.8 Henkel AG & Co., KGaA 8.8.1 Company Overview 8.8.2 Products and Services 8.8.3 Financial Performance 8.8.4 Recent Developments 8.9 BASF SE (Badische Anilin- und Soda-Fabrik) 8.9.1 Company Overview 8.9.2 Products and Services 8.9.3 Financial Performance 8.9.4 Recent Developments 8.10 Asian Paints Limited 8.10.1 Company Overview 8.10.2 Products and Services 8.10.3 Financial Performance 8.10.4 Recent Developments
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