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The global paints and coatings market, along with its applications, has witnessed a moderate growth for the past few years and this growth is estimated to increase in the coming years. These paints and coatings with eco-friendly property, innovative technology and modern chemistries offer no or low VOCs and are available in different grades according to the internal and external application.
The paints and coatings market is experiencing moderate growth which is expected to continue in the near future, mainly driven by the highly growing Asia Pacific and RoW regions. High amount of new product developments and acquisitions are made by different market players to serve the applications in the future. The Asia Pacific region is the major market that accounted for more than 40% market demand by volume and value of the total global demand in 2013. The demand for waterborne paints and coatings is increasing from the architectural coating applications.
Huge investments from several major companies, such as AkzoNobel, PPG, BASF SE, Sherwin-Williams, Valspar and others to expand in quite a few countries of Asia Pacific and Latin America is seen, where the demand for paints and coatings still have a huge potential in the near future.
This study basically aims to estimate the global market of paints and coatings for 2015 and to project its demand till 2020. This market research study provides a detailed qualitative and quantitative analysis of the global market. Various secondary sources have been used, such as directories, industry journals and databases to identify and collect information useful for this extensive commercial study of the market. The primary sources – experts from related industries and suppliers – have been interviewed to obtain and verify critical information, as well as to assess the future prospects of paints and coatings.
Competitive scenarios of the top players in the market have been discussed in detail. Leading players of this industry have also been profiled with their recent developments and other strategic industry activities. These include key paints and coatings manufacturers, such as AkzoNobel NV (Netherlands), BASF SE (Germany), PPG Industries Inc. (USA), The Sherwin-Williams Company (USA), The Valspar Corporation (USA), Nippon Paint Co. Ltd (Japan), and Kansai Paint Co. Ltd. (Japan.
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