View Report Details Global Paints & Coatings Market Report ----------------------------------------2015
View Report Details Executive Summary
Paints and coatings market is correlated with multiple end-user sectors such as housing, construction, automotive, furniture, and packaging. The global market for paints and coating experienced a healthy growth in 2014 on account of rising construction projects, increase in housing starts, resuming consumer confidence and improvement in industrial production worldwide. While housing and construction markets in North America and Europe remained subdued over the years following the global financial crisis, activity has been strong in Asian markets like China and India. Further many new construction activities are expected to begin in Asia Pacific as well as America region that will boost the demand for paints and coatings market. The paints and coatings industry can be categorized into three markets: architectural/decorative, industrial OEM and special purpose coatings. Architectural coating is the largest segment followed by industrial coatings and special purpose coatings. The industrial coatings segment was driven by rise in industrial production and automotive OEM sector. Geographically, Asia Pacific is the largest consumer of paints and coatings followed by Europe, North America and Latin America. Paint manufacturers are constantly introducing new and technologically advanced products in the market. Companies are focusing on zero VOC (volatile organic compounds) and green paints that are particularly in high demand among the customers. Competition in coatings segment is based on formulating products for specific customer applications, meeting customer delivery requirements and providing technical assistance to the customer in product application, new technology offerings and prices. Akzonobel, PPG, Sherwin Williams, BASF and Valspar are the leading companies. The present report offers a comprehensive analysis of the worldwide paints and coatings market with a special focus on the regional markets including Asia which includes India and China, the US, Latin America and Russia. All the three sub-segments namely architectural, industrial and special purpose coatings are explained in detail. In addition, competitive landscape in each segment such as decorative, automotive OEM, industrial, protective and marine coatings along with the company profiles of leading players has been provided. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables affecting this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
The global paints & coatings market has been benefitting from the continued recovery of North America economy and declining global oil prices… Global Paints and Coatings Market Value (2008-2014E)
In 2014, global paints & coatings market’s valuation totaled US$… billion, an increase of …% over 2013.
US$ Billion
Industrial OEM accounted for the largest share of global paints & coatings market in 2014. In 2014, by end-use segments, approximately …% of paints and coatings are consumed by decorative, …% by general industrial, ..% by protective and marine. In 2014, Asia is the leading coatings consumer, representing …% of global demand, followed by Europe at …%, and North America, at …%
2008
2009
2010
2011
2012
2013
2014E
In 2014, per capita consumption of coatings in the US was at … liters, in Western Europe at … liters, Russia at … liters, China at … liters, Japan at … liters and Brazil at … liters. Market Segmentation of Global Paints and Coatings Industry
Regional Breakup of Coatings Industry (2014))
(2014E)
Architectural/ Decorative Asia-Pacif ic
North America
EMEA
South America
ROW
OEM
Special Purpose
Moreover, improving global GDP rates, rapid industrialization, and growing construction sector is propelling the paints and coatings market… Construction Spending Growth in Asian Countries: 2014-19 (% per annum) In 2014, Asia-Pacific and EMEA together accounted for about … % of global architectural coatings sales.
% Per Annum
Construction spending in the APAC region is expected to increase from 2014-19, with China growing at …%, India …%, and Indonesia…%. The global market for industrial OEM coatings increased from US$... billion in 2012 to estimated US$... billion in 2014. The global protective and marine market is expected to grow at a CAGR of …% from 2014-2016, to US$...Billion.
China
Japan
India Indonesia Korea
Rising automotive production expected to drive paints & coatings market growth. Global automobile production is expected to increase from … Million units in 2013 to ….Million units in 2016.
Taiwan Thailand
Global Protective and Marine Market (2011-2016E)
US$ Billion
US$ Billion
Global Industrial OEM Coatings Industry (2010-2014E)
2010
2011
2012
2013
2014E
2011
2012
2013
2014E
2015E
2016E
Growing residential construction activities in the Asia-Pacific and America is expected to drive the demand for paints & coatings …
US$ Billion
Global Paints & Coatings Market Forecast (2013-2018E)
2013
2014
2015E
2016E
2017E
2018E
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The global paints & coatings market is forecasted to reach US$... billion by 2018.
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The global paints & coatings market is expected to grow at a sustained pace in the next 2-3 years due to the moderate revival of construction activities in developed nations.
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However, the economic slowdown in the parts of Europe as well as Russia and Brazil is expected to act as a challenge for the industry in the next few years.
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