Paint and Coatings Industry Analysis - Market Size, Share, Growth and Forecast Market Analysis
Paint and Coatings Market Size
The size of the global paint and coatings market will increase nearly USD 45 billion between 2016-2021, exceeding USD 187 billion in market size by the end of the forecast period. The global paint and coatings market will grow at a CAGR of almost 6% by 2021, owing to the growth of the housing and construction sector. The housing market and the construction industry are witnessing a significant growth owing to a rise in population, subsequently fueling the need for paints and coatings. Additionally, growth in the DIY market, growing consumption of nano-coatings, the introduction of fluoropolymer topcoats, and novel developments in paints and coatings market are the key trends expected to gain traction in the market through 2021.
Several emerging trends are expected to gain traction and positively impact this market during the forecast period. These top trends include the growth in the DIY market, the growing consumption of nano-coatings, the introduction of fluoropolymer topcoats, and novel developments in the paints and coatings market. Other insights provided within our paint and coatings market reports include:
Paint and Coating Market Insights
- The architectural segment which includes interior and exterior house paint, primers, stains and sealers, and undercoats will be major contributors to the overall market growth. The demand for paints and coatings in interior wall applications will drive the growth of the decorative paints and coatings market through 2021.
- Rising awareness about eco-friendly products will be a major factor positively impacting the growth of decorative paints and coating market. Water-based paint and coatings offer durability, quick dry time, less emission of volatile organic compounds, and less odor.
- The rapid expansion of the automotive industry will drive the growth prospects for the global automotive paints and coatings market. The demand for light and medium weight vehicles is growing due to the increasing income of middle-class consumers. This rapid growth has led to the growth in the production of lightweight materials to be used in all varieties of vehicles like a passenger, commercial, and green energy vehicles.
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Paint and Coating Market Share and Segmentation
Within our paint and coatings industry research, we provide deep insights into the market landscape, its segments, and their market share. Our research experts segment this market by resin type, technology, and application. By resin type, the acrylic resins segment accounts for the largest market shareholding a lead over the epoxy, alkyd, and polyurethane resin segments. The acrylic resins market was valued at USD 47.66 billion in 2016.
Our paint and coating market segmentation research offerings include:
- Paint and Coating Market by Resin Type
- Acrylic paint and coating market
- Vinyl acrylate market
- Pure acrylics market
- Styrene acrylics market
- Epoxy resin paint and coating market
- Alkyd paint and coating market
- Polyurethane paint and coating market
- Polyester paint and coating market
- Acetates paint and coating market
- Paints and Coatings Market by Technology
- Water-borne market
- Solvent-borne market
- Powder coatings market
- UV cured coatings market
- Anti-fouling market
- Paints and Coatings Market by Application
- Architectural paint and coating market
- Residential market
- Non-residential market
- Infrastructure market
- Infrastructure paint and coating market
- General industrial market
- Wood coating market
- Marine coating market
- Coil coating market
- Packaging coating market
- Aerospace coatings market
- Automotive paint and coating market
- Protective coating market
- Architectural paint and coating market
We at Technavio, with our comprehensive understanding of the paints and coatings market, have been monitoring the latest paints and coatings industry trends and developments to create an in-depth portfolio of paints and coatings market reports. These reports help our clients identify opportunities within the market and develop effective strategies to optimize their market positions. Our paints and coatings market reports offer the following insights:
- Paints and coatings market size
- Paints and coatings market trends
- Paints and coatings market share
- Paints and coatings market growth
- Paints and coatings market forecast
- Paints and coatings market vendor landscape
- Paints and coatings industry statistics
