Paints and Coatings Market to increase by USD 28.41 billion between 2022 to 2027, 3M Co., Akzo Nobel NV, Asian Paints Ltd. and more among key companies - Technavio

NEW YORK, Nov. 8, 2023 /CNW/ - The paints and coatings market size is expected to grow by USD 28.41 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 3.15% during the forecast period, according to Technavio. The growing real estate and construction industry is notably driving the paints and coatings market. However, factors such as regulations on high emissions of VOC may impede market growth. The market is segmented by Technology (Water-based, Solvent-based, and Others), Application (Industrial and Architectural), Resin Type (Acrylic resins, Epoxy resins, Polyurethane resins, Alkyd resins, and Others), and Geography (APAC, Europe, North America, Middle East and Africa, and South America). The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a Sample Report.

We provide a detailed analysis of 20 companies operating in the paints and coatings market market, including  3M Co., Akzo Nobel NV, Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Benjamin Moore and Co., Berger Paints India Ltd., Brillux GmbH and Co. KG, DAW SE, Hempel AS, Henkel AG and Co. KGaA, Jotun AS, Kansai Paint Co. Ltd., KCC Co. Ltd., Masco Corp., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, and The Sherwin Williams Co. 

Paints And Coatings Market Market 2023-2027: Company Analysis

3M Co.: The company offers paints and coatings that help the floors to resist wear, tear, and stains and the walls to act as the proverbial bridge over troubled waters. This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information

Paints And Coatings Market Market 2023-2027: Segmentation

Technology

• By Technology, the water-based segment will be significant for overall market growth during the forecast period. Water-based paints and coatings provide protection against corrosion. These paints also improve the aesthetic appeal of the surfaces on which they are applied. Hence, water-based paints and coatings are widely used in automotive coating parts, including interior body parts, to prevent them from rusting, corrosion, and fouling.
• Application and Resin Type are the other segments mentioned.

Geography 

• By geography, APAC will account for 56% of the market growth during the forecast period. The regional market is driven by the growth in end-user industries such as construction, automotive, and aerospace, and defense.
• Other regions include Europe, North America, Middle East and Africa, and South America.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report

Related Reports:

The paints and coatings additives market share is expected to increase by USD 2.87 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.68%.

The paints packaging market size is estimated to grow at a CAGR of 4.39% between 2022 and 2027. The market size is forecast to increase by USD 4,878.37 million.

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Technology

Market Segmentation by Application

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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