Paints and Coatings Market : Size, share, Trends Analysis to 2020

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There is a large untapped market for the construction industry in the developing countries which has been increasing every year owing to the ever increasing global population. These factors are creating demand for construction materials, including paints and coatings. The growing population and per capita income has been fuelling the demand for consumer goods and automotives, which in turn is boosting industrialization.

Text of Paints and Coatings Market : Size, share, Trends Analysis to 2020

  • Paints and Coatings Market driven by: Increasing population, growing

    urbanization and others

    Persistence Market Research

    Global Paints and Coatings Market isexpected to grow at a CAGR of 5.5% during2014 to 2020 - Persistence Market Research

    Persistence Market Research 1

  • Paints and Coatings Market driven by: Increasing population, growing

    urbanization and others

    Persistence Market Research Released New Market Report Global Market Study on Paintsand Coatings: Industrial Paints and Coatings to Witness Highest Growth by 2020,the global paints and coatings market was worth USD 121.9 billion in 2013 and is expectedto grow at a CAGR of 5.5% during 2014 to 2020, to reach an estimated value of USD 176.5billion in 2020.

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    With urbanization, the world is becoming a more sophisticated place with the growing need for greater comfort. The paints and coatings market has been benefitting due to these developments in personal and non-personal spaces. The increasing global population and the growing number of nuclear families escalate the demand for new houses every year, which in turn creates demand for paints and coatings. The increasing market for consumer goods and automobiles is also propelling the growth of the paints and coatings market.

    Based on end-use, the paints and coatings market is segmented into three categories: architectural and decorative; industrial; and marine. Architectural and decorative paints and coatings can be further segmented into water-based and solvent-based. Similarly, industrial paints and coatings can be classified into water-based, solvent-based, powder, and UV-based.

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    Architectural and decorative paints and coatings are used mainly applied on interior and exterior walls of houses and corporate buildings. Based on their formulation, there are basically two types of architectural and decorative paints and coatings: water-based and solvent-based. Based on type, architectural and decorative paints and coatings paints are mainly classified into emulsions and distempers. Distempers are costlier than emulsions andaccount for lesser market share as compared to emulsions.

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  • Paints and Coatings Market driven by: Increasing population, growing

    urbanization and others

    Industrial paints and coatings are used by several industries, including machinery manufacturing, automotive, and consumer goods. Based on their formulation, industrial paints and coatings can be segmented into four categories: water-based, solvent-based, powder, and UV-based.

    According to the Bureau of Economic Analysis (U.S. Department of Commerce), the durable goods industry grew from USD 958.7 billion in 2010 to USD 1096.4 billion in 2013. The construction industry in the country grew from USD 539.1 billion in 2010 to USD 611.4 billionin 2013. Fabricated metal products industry accounted for USD 120.6 billion in 2010 which increased to reach USD 134.1 billion in 2012. The wood products industry reached USD 23.8 billion in 2012 from USD 22.1 billion in 2010. The growth of these industries is fuelling the growth of the paints and coatings market.

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    market.asp

    Several European economies recorded negative GDPs during the Euro-Zone crisis. Italy and Spain have been the biggest victims of this crisis. However, the European economies are improving and consumers are gaining confidence once more, which is a positive sign for consumer-related industries. The negative effect of the economic crisis also impacted the European paints and coatings market; however, the industry is recovering and is expected togain momentum by 2020.

    The global paints and coatings industry has moderate degree of competition; however, the industry is moving towards consolidation through large number of mergers and acquisitions taking place in the recent years. Some of the major paints and coatings companies include AkzoNobel N.V., PPG Industries, The Sherwin-Williams Company, RPM International, Valspar Corporation, and Kansai Paint Company.

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  • Paints and Coatings Market driven by: Increasing population, growing

    urbanization and others

    Below is the segmentation done by Persistence Market Research for global market study on paints and coatings:

    Market Size and Forecast by Product Segment

    Market Size and Forecast

    Architectural and Decorative Paints and Coatings

    Water-based Architectural and Decorative Paints and Coatings

    Solvent-based Architectural and Decorative Paints and Coatings

    Industrial Paints and Coatings

    Water-based Industrial Paints and Coatings

    Solvent-based Industrial Paints and Coatings

    Powder Coatings

    UV-based Coatings

    Market Size and Forecast by Region

    North America

    Market Size and Forecast by country

    Market Size and Forecast by product segments

    Europe

    Market Size and Forecast by country

    Market Size and Forecast by product segments

    Asia Pacific

    Market Size and Forecast by country

    Market Size and Forecast by product segments

    Persistence Market Research 4

  • Paints and Coatings Market driven by: Increasing population, growing

    urbanization and others

    Rest of the World (RoW)

    Market Size and Forecast by product segments

    Market History:

    The rapid pace of industrial development, growing number of end-use industries, andincreasing interest of the global population in architecture are driving the global paints andcoatings market.

    There is a large untapped market for the construction industry in the developing countrieswhich has been increasing every year owing to the ever increasing global population. Thesefactors are creating demand for construction materials, including paints and coatings. Thegrowing population and per capita income has been fuelling the demand for consumer goodsand automotives, which in turn is boosting industrialization. The use of metals has alsoincreased to a great degree in the last decade. Paints and coatings are mainly used toprotect machines and equipment from rusting and corrosion in industries. As for consumergoods, they serve the purpose of keeping corrosion at bay and make products look better.Architectural and decorative paints and coatings are used mainly applied on interior andexterior walls of houses and corporate buildings. Based on their formulation, there arebasically two types of architectural and decorative paints and coatings: water-based andsolvent-based. Based on type, architectural and decorative paints and coatings paints aremainly classified into emulsions and distempers. Distempers are costlier than emulsions andaccount for lesser market share as compared to emulsions.

    Industrial paints and coatings are used by several industries, including machinerymanufacturing, automotive, and consumer goods. Based on their formulation, industrialpaints and coatings can be segmented into four categories: water-based, solvent-based,powder, and UV-based.

    The increasing global population and the growing number of nuclear families escalate thedemand for new houses every year, which in turn creates demand for paints and coatings.The increasing market for consumer goods and automobiles is also propelling the growth ofthe paints and coatings marketThe global paints and coatings industry has moderate degreeof competition; however, the industry is moving towards consolidation through large numberof mergers and acquisitions taking place in the recent years. Some of the major paints and

    Persistence Market Research 5

  • Paints and Coatings Market driven by: Increasing population, growing

    urbanization and others

    coatings companies include AkzoNobel N.V., PPG Industries, The Sherwin-Williams Company,RPM International, Valspar Corporation, and Kansai Paint Company.

    Persistence Market Research 6

  • Paints and Coatings Market driven by: Increasing population, growing

    urbanization and others

    Table of Content

    Chapter 1 Preface 1.1 Research Methodology 1.2 Segments Covered in the Report 1.2.1 Product segments 1.2.2 Regions covered in the report 1.3 Assumptions

    Chapter 2 Market Synopsis

    Chapter 3 Porters Five Forces Analysis3.1 Bargaining Power of Buyers3.2 Bargaining Power of Suppliers3.3 Threat of New Entrants3.4 Threat of Substitutes3.5 Rivalry Within the Industry

    Chapter 4 Industry Overview 4.1 Introduction 4.2 Market Drivers 4.2.1 Rising infrastructural developments is increasing sales of the paints and coatingsmarket 4.2.2 Growth in the end user industries of paints and coatings is contributing to thegrowth of market 4.2.3 Increasing architectural interest in the developing countries is escalating thedemand for paints and coatings 4.3 Impact Analysis for Drivers4.4 Market Restraints 4.4.1 Rising raw material prices is creating obstacles in the growth of paints and coatingsmarket 4.4.2 Declining percentage of new concrete walls built as exterior of corporate buildingsis impacting volume sales of paints and coatings 4.5 Impact Analysis for Restraints4.6 Market Opportunities

    Persistence Market Research 7

  • Paints and Coatings Market driven by: Increasing population, growing

    urbanization and others

    4.6.1 Green coatings technologies offer great opportunity area for the paints andcoatings ind