1. Market Research
  2. > Chemical
  3. > Specialty Chemical
  4. > Paint and Coating Market Trends

Global Paints and Coatings Market Size, Share, Development, Growth and Demand Forecast to 2020

  • September 2015
  • 87 pages
  • P&S Market Research
Report ID: 3325997

Summary

Table of Contents

The advancements in the end user industries of paints and coatings, growing infrastructural developments, and increasing architectural interest in the developing countries, are the key drivers of the global paints and coatings market. The increasing per capita income of the global population has led to an upward trend, in renovation of residences. In developing countries, the trend of using different color shades in the bedroom is increasing across all the age groups, especially in China. Asian Paints’ Royal Play is getting popularity in India, due to its ready-to-use paints with effects and theme for interior decoration. The company is also concentrating on paints that carry glow themes, for children’s rooms. Therefore, the increasing adoption of new designs, painting and coating concepts is driving the growth of the paints and coatings market. The construction industry is growing at a faster rate, than the global Gross Domestic Product (GDP). The increasing industrial activities globally, are further propelling the growth of the paints and coatings market.

The products of paints and coatings include architectural and decorative, industrial, and marine. Architectural and decorative accounts for a fair share in North America and Europe. However, they have less prevalence in Asia-Pacific and Rest of the World, due to the dominance of industrial paints and coatings in the region.

Numerous governments imposed regulations in 2009, against non-low volatile organic compounds paints, which in turn supported the growth of the green coatings market. Organizations such as Leadership in Energy and Environmental Design (LEEDS), U.S. Environmental Protection Agency (EPA), Green Seal and South Coast Air Quality Management District (SCAQMD) have established standards regarding volatile organic compounds. Low volatile organic compounds are present in green coatings, to preserve low vapor pressure inside the room. The increasing demand for low volatile organic compounds paints is providing ample growth opportunities, for the paints and coatings market.

Paints and coatings are also used in marine industry for beautification and to protect the fleet from deterioration. In the marine industry, Japan, China, and South Korea are among the forerunners and create high demand for coatings. The demand for paints and coatings in the marine industry is expected to increase in the forecast period, due to increasing maritime and trade. Due to the developments in personal and non-personal spaces, the paints and coatings market are getting opportunities to grow. The growing number of nuclear families and increasing global population has raised the demand for new houses every year, which in turn, generates high demand for paints and coatings.

With the changing trends in construction and consumer’s inclination towards view-through walls, percentage of concrete utilized in walls has been decreasing. For corporate buildings, glass condominium towers are becoming common, due to the better look they give to the exterior of the building without much engineering. Consequently, due to less consumption per building, the sales of paints and coatings have been affected. Asia-Pacific dominates the global paints and coatings market in 2014, in terms of value and volume, and is expected to maintain its dominance in the forecast period. The Asia-Pacific paints and coatings market is expected to grow with the highest rate, in terms of value within the forecast period.

The major companies in the global paints and coatings market include PPG Industries Inc., The Sherwin-Williams Company, RPM International Inc., The Valspar Corporation, Akzo Nobel N.V., Kansai Paint Co. Ltd., Axalta Coating Systems Ltd., Henkel AG & Co. KGaA, BASF SE, and Asian Paints Limited.



Report Coverage

Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
Uncovers potential demands in the market
Porter analysis identifies competitive forces within the market
Provides information on the historical and current market size and the future potential of the market
Provides sizes of key regional markets using yardsticks of segments, applications, and segments of applications
Highlights the competitive scenario of the market, major competitors, and benchmarking
Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

2017 Global Paint and Coatings Market: Future Horizons and Growth Strategies--Business Assessments of Leading Suppliers

  • $ 12700
  • Industry report
  • March 2017
  • by Venture Planning Group

Complete report $12,700.  Individual company assessments $2,450. This thought-provoking report on performance, capabilities, goals and strategies of the major competitors in the worldwide paints and coatings ...

Medical Device Coatings: Global Markets

  • $ 6650
  • Industry report
  • March 2017
  • by BCC Research

Use this report to: - Examine the medical device coating and surface treatment technologies industry. - Analyze the major types of materials and applications for medical device coatings. - Gain insight ...

Intumescent Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

  • $ 5795
  • Industry report
  • May 2017
  • by Transparency Market Research

Global Intumescent Coatings Market: Overview Intumescent coatings are the fire protection coatings which find applications mainly in the building & construction industry and oil & gas sectors. The Intumescent ...


Download Unlimited Documents from Trusted Public Sources

Paint Industry

  • June 2017
    4 pages
  • Paint  

    Automotive Coat...  

View report >

Coating Statistics in the US

  • June 2017
    38 pages
  • Coating  

    Ammonia  

    Manure  

  • United States  

    North America  

View report >

Coating Statistics in the US

  • June 2017
    38 pages
  • Coating  

    Ammonia  

    Manure  

  • United States  

    North America  

View report >

Coating Supply

2 months ago

Related Market Segments :

Coating
Paint

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.