Global Paints and Coatings Market - Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2016-2026

Date : Apr 2020

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Report ID : 251

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Category : Chemicals & Materials

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Report Format:  PDF EXCEL PPT WORD

The global paints and coatings market was valued at USD 180 billion in 2018 and is expected to reach USD 235 billion in 2026, growing at a CAGR of 3.4% during the forecast period.  

The market is growing at a steady pace due to its increasing demand in a wide range of industries, such as construction, automotive, packaging, and aerospace, among others. Continuous advancement in powder coating is marking its way towards the shipbuilding and pipeline industries, which in turn, propels the growth of the market. However, fluctuating raw material prices and stringent regulatory policies are some of the major factors hampering the growth of the global market.  

Paints and Coatings Market Segmentation

By Formulation 1. Water Based
2. Solvent Based
3. Powder Coating
4. UV Coating
 
By Resin Type 1. Acrylic
2. Plyster
3. Polyurethane (PU)
4. Epoxy
5. Others
 
By Application 1. Architectural
2. Automotive
3. packaging
4. Transportation
5. Marine
6. Aerospace
7. Others
 
By Region 1. North America (US and Canada)
2. Europe (UK, Germany, France and Rest of Europe)
3. Asia Pacific (China, Japan, India and Rest of Asia Pacific)
4. Latin America (Brazil, Mexico and Rest of Latin America)
5. Middle East & Africa (GCC and Rest of Middle East & Africa)
 

 

The acrylic segment contributes a major share in the global market

Based on resin type, the market has been segmented into acrylic, polyester, polyurethane (PU), epoxy, and others. The acrylic segment accounted for around 38% share in the global paints and coatings market in 2018. Among these resin type, the acrylic resin type paints and coatings segment registers a remarkable share in the market, owing to increasing automotive manufacturing and significant architectural application. Moreover, the low cost of acrylic paints is driving its application in home furnishing.

Global Paints and Coatings Market Size, 2016-2026, (US$ Bn)

Paints and Coatings Market

Water-based formulation holds a major share in the global market

Based on formulation, the Paints and Coatings market has been segmented into water-based, solvent-based, powder coatings, and UV coatings. The water-based paints and coatings segment is accounted for the largest share in the market and held for around 55% of the total market in 2018. Water-based formulation contributes the major share in the paints and coatings market due to the several advantageous properties, such as stable viscosity, less flammability, which finds its significant application across the various automotive industry, consumer goods, and machine manufacturing.

Based on application, the architectural segment is expected to grow at the fastest rate of CAGR 5.1% during the forecast period

Based on applications, the market has been segmented into architectural, automotive, packaging, transportation, marine, aerospace, and others. The architectural segment accounted to project considerable growth in the market in 2018. The paints and coatings find a significant application in interior and exterior coatings in residential, industrial, commercial buildings. The growing population coupled with the rising disposable income is further propelling the segmental growth in the global market.

Asia Pacific to hold a major share in the global market throughout the forecast period

Asia Pacific contributes a major share of nearly 31% in the global paints and coatings market and is expected to retain at its position by exhibiting the fastest growth rate during the forecast period. This growth is accredited to certain factors, including continuous growth in the real estate sector together with the government initiatives for the establishment of smart cities in countries such as India and China. Moreover, these economies have a significant presence of automotive sector, which drives the growth of the paints and coatings market in the region.

Company Profiles and Competitive Intelligence

The major players operating in the global paints and coatings market are AkzoNobel N.V. (The Netherlands), PPG Industries, Inc. (US), The Sherwin-Williams Company (US), Nippon Paint Holdings Co., Ltd. (Japan), Axalta Coatings System LLC (US), Tikkurila Oyj (Finland), RPM International Inc. (US), Kansai Paint Co., Ltd. (Japan), Asian Paints Ltd. (India), and BASF SE (Germany), among others.

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TABLE OF CONTENT

Chapter 1 Executive Summary

1.1. Market Summary

1.1.1. Global Paints and Coatings Market, 2016-2026, (USD Million)

1.2. Market Snapshot: Global Paints and Coatings Market

1.3. Market Dynamics

1.4. Global Paints and Coatings Market, by Segment, 2018

1.4.1. Global Paints and Coatings Market, by Formulation, 2018, (USD Million)

1.4.2. Global Paints and Coatings Market, by Resin Type, 2018, (USD Million)

1.4.3. Global Paints and Coatings Market, by Application, 2018, (USD Million)

1.4.4. Global Paints and Coatings Market, by Region, 2018 (USD Million)

1.5. Premium Insights

1.5.1. Paints and Coatings Market In Developed Vs. Developing Economies, 2018 vs 2026

1.5.2. Global Paints and Coatings Market: Regional Life Cycle Analysis

 

Chapter 2 Market Dynamics

2.1. Market Overview

2.2. Market Drivers

2.2.1. Growing automotive and construction industry

2.2.2. Government initiatives for smart cities

2.2.3. Technological advancements in powder coating technology 

2.3. Market Restraints

2.3.1. Fluctuations in raw material prices 

2.4. Market Opportunities

2.4.1. Rising trend for powder coatings in shipbuilding and pipeline industries

2.5. Industry Value Chain Analysis

2.6. Pricing Analysis

2.7. Porter’s Five Forces Analysis

 

Chapter 3 Global Paints and Coatings Market, by Formulation

3.1. Market Overview, by Formulation

3.1.1. Global Paints and Coatings Market, by Formulation, 2016-2026 (USD Million)

3.1.2. Incremental Opportunity, by Formulation, 2018

3.2. Water-Based

3.2.1. Global Paints and Coatings Market, by Water-Based, 2016-2026, (USD Million)

3.3. Solvent-Based

3.3.1. Global Paints and Coatings Market, by Solvent-Based, 2016-2026, (USD Million)

3.4. Powder Coating

3.4.1. Global Paints and Coatings Market, by Powder Coating, 2016-2026, (USD Million)

3.5. UV Coating

3.5.1. Global Paints and Coatings Market, by UV Coating, 2016-2026, (USD Million)

 

Chapter 4 Global Paints and Coatings Market, by Resin Type

4.1. Market Overview, by Resin Type

4.1.1. Global Paints and Coatings Market, by Resin Type, 2016-2026 (USD Million)

4.1.2. Incremental Opportunity, by Resin Type, 2018

4.2. Acrylic

4.2.1. Global Paints and Coatings Market, by Acrylic, 2016-2026, (USD Million)

4.3. Polyester

4.3.1. Global Paints and Coatings Market, by Polyester, 2016-2026, (USD Million)

4.4. Polyurethane (PU)

4.4.1. Global Paints and Coatings Market, by Polyurethane (PU), 2016-2026, (USD Million)

4.5. Epoxy

4.5.1. Global Paints and Coatings Market, by Epoxy, 2016-2026, (USD Million)

4.6. Others

4.6.1. Global Paints and Coatings Market, by Others, 2016-2026, (USD Million)

 

Chapter 5 Global Paints and Coatings Market, by Application

5.1. Market Overview, by Application

5.1.1. Global Paints and Coatings Market, by Application, 2016-2026 (USD Million)

5.1.2. Incremental Opportunity, by Application, 2018

5.2. Architectural

5.2.1. Global Paints and Coatings Market, by Architectural, 2016-2026, (USD Million)

5.3. Automotive

5.3.1. Global Paints and Coatings Market, by Automotive, 2016-2026, (USD Million)

5.4. Packaging

5.4.1. Global Paints and Coatings Market, by Packaging, 2016-2026, (USD Million)

5.5. Transportation

5.5.1. Global Paints and Coatings Market, by Transportation, 2016-2026, (USD Million)

5.6. Marine

5.6.1. Global Paints and Coatings Market, by Marine, 2016-2026, (USD Million)

5.7. Aerospace

5.7.1. Global Paints and Coatings Market, by Aerospace, 2016-2026, (USD Million)

5.8. Others

5.8.1. Global Paints and Coatings Market, by Others, 2016-2026, (USD Million)

 

Chapter 6 Global Paints and Coatings Market, by Region

6.1. Market Overview, by Region

6.1.1. Global Paints and Coatings Market, by Region, 2016-2026, (USD Million)

6.2. Attractive Investment Opportunity, by Region, 2018

6.3. North America Paints and Coatings Market

6.3.1. North America Paints and Coatings Market, by Formulation, 2016-2026 (USD Million)

6.3.2. North America Paints and Coatings Market, by Resin Type, 2016-2026 (USD Million)

6.3.3. North America Paints and Coatings Market, by Application, 2016-2026 (USD Million)

6.3.4. United States Paints and Coatings Market, 2016-2026 (USD Million)

6.3.5. Canada Paints and Coatings Market, 2016-2026 (USD Million)

6.4. Europe Paints and Coatings Market

6.4.1. Europe Paints and Coatings Market, by Formulation, 2016-2026 (USD Million)

6.4.2. Europe Paints and Coatings Market, by Resin Type, 2016-2026 (USD Million)

6.4.3. Europe Paints and Coatings Market, by Application, 2016-2026 (USD Million)

6.4.4. United Kingdom Paints and Coatings Market, 2016-2026 (USD Million)

6.4.5. Germany Paints and Coatings Market, 2016-2026 (USD Million)

6.4.6. France Paints and Coatings Market, 2016-2026 (USD Million)

6.4.7. Rest of Europe Paints and Coatings Market, 2016-2026 (USD Million)

6.5. Asia Pacific Paints and Coatings Market

6.5.1. Asia Pacific Paints and Coatings Market, by Formulation, 2016-2026 (USD Million)

6.5.2. Asia Pacific Paints and Coatings Market, by Resin Type, 2016-2026 (USD Million)

6.5.3. Asia Pacific Paints and Coatings Market, by Application, 2016-2026 (USD Million)

6.5.4. China Paints and Coatings Market, 2016-2026 (USD Million)

6.5.5. Japan Paints and Coatings Market, 2016-2026 (USD Million)

6.5.6. India Paints and Coatings Market, 2016-2026 (USD Million)

6.5.7. Rest of Asia Pacific Paints and Coatings Market, 2016-2026 (USD Million)

6.6. Latin America Paints and Coatings Market

6.6.1. Latin America Paints and Coatings Market, by Formulation, 2016-2026 (USD Million)

6.6.2. Latin America Paints and Coatings Market, by Resin Type, 2016-2026 (USD Million)

6.6.3. Latin America Paints and Coatings Market, by Application, 2016-2026 (USD Million)

6.6.4. Brazil Paints and Coatings Market, 2016-2026 (USD Million)

6.6.5. Mexico Paints and Coatings Market, 2016-2026 (USD Million)

6.6.6. Rest of Latin America Paints and Coatings Market, 2016-2026 (USD Million)

6.7. Middle East & Africa Paints and Coatings Market

6.7.1. Middle East & Africa Paints and Coatings Market, by Formulation, 2016-2026 (USD Million)

6.7.2. Middle East & Africa Paints and Coatings Market, by Resin Type, 2016-2026 (USD Million)

6.7.3. Middle East & Africa Paints and Coatings Market, by Application, 2016-2026 (USD Million)

6.7.4. GCC Paints and Coatings Market, 2016-2026 (USD Million)

6.7.5. Rest of Middle East & Africa Paints and Coatings Market, 2016-2026 (USD Million)

 

Chapter 7 Competitive Intelligence

7.1. Top 5 Players Comparison

7.2. Market Positioning of Key Players, 2018

7.3. Market Players Mapping

7.3.1. By Formulation

7.3.2. By Resin Type

7.3.3. By Application

7.3.4. By Region

7.4. Strategies Adopted by Key Market Players

7.5. Recent Developments in the Market

7.5.1. Mergers & Acquisitions, Partnership, New Product Developments

 

Chapter 8 Company Profiles

8.1. AkzoNobel N.V.

8.1.1. AkzoNobel N.V. Overview

8.1.2. AkzoNobel N.V. Products Portfolio

8.1.3. AkzoNobel N.V. Financial Overview

8.1.4. AkzoNobel N.V. News/Recent Developments

8.2. PPG Industries, Inc.

8.2.1. PPG Industries, Inc.  Overview

8.2.2. PPG Industries, Inc.  Products Portfolio

8.2.3. PPG Industries, Inc.  Financial Overview

8.2.4. PPG Industries, Inc.  News/Recent Developments

8.3. The Sherwin-Williams Company

8.3.1. The Sherwin-Williams Company Overview

8.3.2. The Sherwin-Williams Company Products Portfolio

8.3.3. The Sherwin-Williams Company Financial Overview

8.3.4. The Sherwin-Williams Company News/Recent Developments

8.4. Nippon Paint Holdings Co., Ltd.

8.4.1. Nippon Paint Holdings Co., Ltd.  Overview

8.4.2. Nippon Paint Holdings Co., Ltd.  Products Portfolio

8.4.3. Nippon Paint Holdings Co., Ltd.  Financial Overview

8.4.4. Nippon Paint Holdings Co., Ltd.  News/Recent Developments

8.5. Axalta Coatings System LLC

8.5.1. Axalta Coatings System LLC Overview

8.5.2. Axalta Coatings System LLC Products Portfolio

8.5.3. Axalta Coatings System LLC Financial Overview

8.5.4. Axalta Coatings System LLC News/Recent Developments

8.6. Tikkurila Oyj

8.6.1. Tikkurila Oyj  Overview

8.6.2. Tikkurila Oyj  Products Portfolio

8.6.3. Tikkurila Oyj  Financial Overview

8.6.4. Tikkurila Oyj  News/Recent Developments

8.7. RPM International Inc.

8.7.1. RPM International Inc. Overview

8.7.2. RPM International Inc. Products Portfolio

8.7.3. RPM International Inc. Financial Overview

8.7.4. RPM International Inc. News/Recent Developments

8.8. Kansai Paint Co., Ltd.

8.8.1. Kansai Paint Co., Ltd. Overview

8.8.2. Kansai Paint Co., Ltd. Products Portfolio

8.8.3. Kansai Paint Co., Ltd. Financial Overview

8.8.4. Kansai Paint Co., Ltd. News/Recent Developments

8.9. Asian Paints Ltd.

8.9.1. Asian Paints Ltd. Overview

8.9.2. Asian Paints Ltd. Products Portfolio

8.9.3. Asian Paints Ltd. Financial Overview

8.9.4. Asian Paints Ltd. News/Recent Developments

8.10. BASF SE

8.10.1. BASF SE Overview

8.10.2. BASF SE Products Portfolio

8.10.3. BASF SE Financial Overview

8.10.4. BASF SE News/Recent Developments

 

Chapter 9 Preface

9.1. Data Triangulation

9.2. Research Methodology

9.2.1. Phase I – Secondary Research

9.2.2. Phase II – Primary Research

9.2.3. Phase III – Expert Panel Review

9.2.4. Approach Adopted

9.2.4.1. Top-Down Approach

9.2.4.2. Bottom-Up Approach

9.2.5. Supply- Demand side

9.2.6. Breakup of the Primary Profiles


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