The research reports on “Paints & Coatings Market” report gives detailed overview of factors that affect global business scope. Paints & Coatings Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors.
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The Paints & Coatings Market is projected to grow from USD 147.2 Billion in 2020 to USD 179.4 Billion by 2025, at a CAGR of 4.0%, between 2020 and 2025.
Top Companies Profiled in the Paints & Coatings Market:
- AkzoNobel N.V. (Netherlands)
- PPG Industries (US)
- The Sherwin-Williams Company (US)
- Nippon Paint Holding Co LTD (Japan)
- Axalta Coatings System LLC (US)
“The water borne technology segment is expected to hold the largest share of the overall paints & coatings market during the forecast period.”
The waterborne technology segment accounted for the largest share of the overall paints & coatings market in 2019. Waterborne paints & coatings are used majorly in architectural applications and are also used in automotive, general industrial, protective, wood, marine, packaging, coil, and other industries, due to their low toxicity and flammability.
“The paints & coatings market in the architectural end-use industry is expected to witness the highest CAGR during the forecast period.”
Architectural paints & coatings, also known as decorative paints & coatings or building paints, are applied on the interior and exterior walls of all kinds of residential, commercial, industrial, and institutional buildings.Architectural coatings also find application in decorative interiors such as wall paintings, wood flooring, sculptures, and furniture.
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