Asia Pacific (APAC) - Industrial Coatings Market by Technology and Application - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 157 SKU: IRTNTR76436

Asia Pacific (APAC) Industrial Coatings Market Forecast 2023-2027

The Asia Pacific (APAC) Industrial Coatings Market size is estimated to grow by USD 10.65 billion at a CAGR of 4.45% between 2022 and 2027. The growth of the market depends on several factors such as surging demand for water-borne coatings, the growing automotive industry in APAC and increased focus on research and development. 

What will be the size of the Market During the Forecast Period?

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Market Dynamics

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Driver

Surging demand for water-borne coatings is notably driving the market growth. Water-borne coatings offer various advantages and are vastly used in automobiles, buildings and construction, marine, oil and gas, metallurgy, and metal forming, among others. They are relatively more cost-effective than solvent-borne coatings and do not require additives, thinners, or hardeners. Similarly, as compared with other variants, relatively low quantities of waterborne coatings are required for covering a surface area. As a result, the demand for water-borne coat is increasing at a significant rate which also had an influence on the market growth. Waterborne coatings are emerging as the coating technology is experiencing high innovation in the general industrial segment.

Furthermore, electrocoating is one of the leading waterborne technologies and is used as the first line of corrosion protection on cars and light commercial vehicle bodies in automotive OEMs. Prominent companies of the market are using waterborne surfaces and colour basecoats, which is driving the demand in the market during the forecast period.

Significant Trends

Extension plans by vendors to enhance capacity is one of the emerging market trends. One of the positive trends in the market is the proliferation of industrial coating manufacturing and storage facilities. Such market expansion enables companies to advance their market share. Moreover, such a growing industry has encouraged significant companies to opt for the expansion of their industrial coating manufacturing and storage facilities regionally.

For instance, Berger Paints is also investing in setting up a new paints and coats manufacturing unit in Lucknow, Uttar Pradesh, India, to enhance its market presence. Such developments are anticipated to intensify the market presence of companies by enabling them to deliver various portfolios of products in the market. Therefore, such factors are likely to fuel the growth during the forecast period.

Major Challenge

Volatile raw material prices are a significant challenge hindering market growth. Petrochemical feedstock required for manufacturing most coatings includes binders and solvents such as polyesters, alcohols, and epoxy resins. The basic raw materials used for producing binders are crude oil and natural gas. Volatility in crude oil prices will have a direct influence on the cost of feedstock. Moreover, due to the mechanical adhesion techniques, propylene cannot be used on metal surfaces such as stainless steel and gold. Such factors pose a challenge in identifying materials for specific substrates, which will hinder the growth. Many industrial coatings crack, especially during the curing or drying processes.

However, the cracks can change the shape during the drying process and put pressure on the overall coating. A large number of coats can lead to uneven drying, which can cause cracks. Therefore, the compatibility of the material and cracking will negatively affect the market during the forecast period.

Customer Landscape

The market growth analysis research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Who are the Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Akzo Nobel NV - The company offers industrial coatings such as Interpon, Sikkens, and Chemcraft. 

The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • 3M Co.
  • Asian Paints Ltd.
  • Axalta Coating Systems Ltd.
  • BASF SE
  • Beckers Group
  • Chugoku Marine Paints Ltd.
  • Hempel AS
  • Jotun AS
  • Kansai Paint Co. Ltd.
  • KCC Co. Ltd.
  • Nippon Paint Holdings Co. Ltd.
  • NOROO Holdings Co. Ltd.
  • Pidilite Industries Ltd.
  • PPG Industries Inc.
  • RPM International Inc.
  • SK Kaken Co. Ltd.
  • The Sherwin Williams Co.
  • TOA Paint Thailand Public Co. Ltd.
  • Wacker Chemie AG

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Segmentation

The waterborne segment is estimated to witness significant growth during the forecast period. Waterborne coatings contain maximum water as a solvent to disperse a resin. Other solvents, such as glycol ethers, are added in significantly small quantities to industrial coats manufactured using waterborne technology, which makes them eco-friendly and easy to apply. Also, these coatings are low in VOC content. Therefore, the adoption of waterborne technology in industrial coatings has increased, which will have a positive impact on the market.

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The waterborne segment was the largest segment and was valued at USD 15.48 billion in 2017. Waterborne-based coatings take longer to dry as it is dependent on various environmental factors such as temperature, airflow, and humidity. In comparison, solvent-based coatings dry much faster. However, solvent-based coatings release harmful fumes while drying. Waterborne coatings can also release fumes if mixed with reducers, but in lesser quantities compared to solvent-based coatings. Regional vendors have expanded their presence by investing in waterborne technology to manufacture industrial coatings which resulted in the market expansion. The increasing preference for waterborne technology in industrial coatings is expected to drive steady growth of the segment in focus during the forecast period. 

Market Analyst Overview

The market experiences significant growth driven by the construction and oil and gas industries, bolstered by robust consumer spending. Innovations like nanotechnology propel advancements, leading to zero or low-VOC formulations and nano paints and coatings, suitable for ceramics or metals. These coatings offer UV protection, self-healing properties, and superior adhesion, ideal for various applications, including electricity, furniture, and automobiles.

Water-borne categories dominate, offering eco-friendly options for confined spaces. UV categories find favor in the aerospace industry for rapid curing and long shelf-life. These coatings cater to industrial finishing areas, wood, automotive, wire, packaging, metal decorative, and architectural coatings, renowned for high hardness and abrasion resistance.

Segment Overview

The market forecasting report covers market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Technology Outlook (USD billion, 2017 - 2027)
    • Waterborne
    • Solvent-borne
    • Powdered coatings
    • UV-cured
  • Application Outlook (USD billion, 2017 - 2027)
    • OEMs
    • Automotive refinishes
    • Packaging and others

Market Scope

Market Report Coverage

Details

Page number

157

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.45%

Market growth 2023-2027

USD 10.65 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

4.22

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., Akzo Nobel NV, Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Beckers Group, Chugoku Marine Paints Ltd., Hempel AS, Jotun AS, Kansai Paint Co. Ltd., KCC Co. Ltd., Nippon Paint Holdings Co. Ltd., NOROO Holdings Co. Ltd., Pidilite Industries Ltd., PPG Industries Inc., RPM International Inc., SK Kaken Co. Ltd., The Sherwin Williams Co., TOA Paint Thailand Public Co. Ltd., and Wacker Chemie AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the market  size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on APAC: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ billion)

    4 Historic Market Size

    • 4.1 Industrial coatings market in APAC 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on industrial coatings market in APAC 2017 - 2021 ($ billion)
    • 4.2 Technology Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Technology Segment 2017 - 2021 ($ billion)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 22: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 28: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Technology

    • 6.1 Market segments
      • Exhibit 29: Chart on Technology - Market share 2022-2027 (%)
      • Exhibit 30: Data Table on Technology - Market share 2022-2027 (%)
    • 6.2 Comparison by Technology
      • Exhibit 31: Chart on Comparison by Technology
      • Exhibit 32: Data Table on Comparison by Technology
    • 6.3 Waterborne - Market size and forecast 2022-2027
      • Exhibit 33: Chart on Waterborne - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 34: Data Table on Waterborne - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Chart on Waterborne - Year-over-year growth 2022-2027 (%)
      • Exhibit 36: Data Table on Waterborne - Year-over-year growth 2022-2027 (%)
    • 6.4 Solvent-borne - Market size and forecast 2022-2027
      • Exhibit 37: Chart on Solvent-borne - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 38: Data Table on Solvent-borne - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Chart on Solvent-borne - Year-over-year growth 2022-2027 (%)
      • Exhibit 40: Data Table on Solvent-borne - Year-over-year growth 2022-2027 (%)
    • 6.5 Powdered coatings - Market size and forecast 2022-2027
      • Exhibit 41: Chart on Powdered coatings - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 42: Data Table on Powdered coatings - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Chart on Powdered coatings - Year-over-year growth 2022-2027 (%)
      • Exhibit 44: Data Table on Powdered coatings - Year-over-year growth 2022-2027 (%)
    • 6.6 UV-cured - Market size and forecast 2022-2027
      • Exhibit 45: Chart on UV-cured - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 46: Data Table on UV-cured - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Chart on UV-cured - Year-over-year growth 2022-2027 (%)
      • Exhibit 48: Data Table on UV-cured - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Technology
      • Exhibit 49: Market opportunity by Technology ($ billion)
      • Exhibit 50: Data Table on Market opportunity by Technology ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 51: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 52: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 53: Chart on Comparison by Application
      • Exhibit 54: Data Table on Comparison by Application
    • 7.3 General industrial - Market size and forecast 2022-2027
      • Exhibit 55: Chart on General industrial - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on General industrial - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on General industrial - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on General industrial - Year-over-year growth 2022-2027 (%)
    • 7.4 Automotive OEMs - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Automotive OEMs - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Automotive OEMs - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Automotive OEMs - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Automotive OEMs - Year-over-year growth 2022-2027 (%)
    • 7.5 Automotive refinishes - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Automotive refinishes - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on Automotive refinishes - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on Automotive refinishes - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Automotive refinishes - Year-over-year growth 2022-2027 (%)
    • 7.6 Packaging and others - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Packaging and others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on Packaging and others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on Packaging and others - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Packaging and others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Application
      • Exhibit 71: Market opportunity by Application ($ billion)
      • Exhibit 72: Data Table on Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 73: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 74: Chart on Market share by geography - 2022-2027 (%)
      • Exhibit 75: Data Table on Market share by geography - 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 76: Chart on Geographic comparison
      • Exhibit 77: Data Table on Geographic comparison
    • 9.3 China - Market size and forecast 2022-2027
      • Exhibit 78: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.4 Japan - Market size and forecast 2022-2027
      • Exhibit 82: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.5 South Korea - Market size and forecast 2022-2027
      • Exhibit 86: Chart on South Korea - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Data Table on South Korea - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Exhibit 89: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • 9.6 India - Market size and forecast 2022-2027
      • Exhibit 90: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 93: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.7 Rest of APAC - Market size and forecast 2022-2027
      • Exhibit 94: Chart on Rest of APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Data Table on Rest of APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Chart on Rest of APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 97: Data Table on Rest of APAC - Year-over-year growth 2022-2027 (%)
    • 9.8 Market opportunity by geography
      • Exhibit 98: Market opportunity by geography ($ billion)
      • Exhibit 99: Data Table on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 100: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 101: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 102: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 103: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 104: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 105: Matrix on vendor position and classification
            • 12.3 Akzo Nobel NV
              • Exhibit 106: Akzo Nobel NV - Overview
              • Exhibit 107: Akzo Nobel NV - Business segments
              • Exhibit 108: Akzo Nobel NV - Key news
              • Exhibit 109: Akzo Nobel NV - Key offerings
              • Exhibit 110: Akzo Nobel NV - Segment focus
            • 12.4 Asian Paints Ltd.
              • Exhibit 111: Asian Paints Ltd. - Overview
              • Exhibit 112: Asian Paints Ltd. - Business segments
              • Exhibit 113: Asian Paints Ltd. - Key offerings
              • Exhibit 114: Asian Paints Ltd. - Segment focus
            • 12.5 Axalta Coating Systems Ltd.
              • Exhibit 115: Axalta Coating Systems Ltd. - Overview
              • Exhibit 116: Axalta Coating Systems Ltd. - Business segments
              • Exhibit 117: Axalta Coating Systems Ltd. - Key offerings
              • Exhibit 118: Axalta Coating Systems Ltd. - Segment focus
            • 12.6 BASF SE
              • Exhibit 119: BASF SE - Overview
              • Exhibit 120: BASF SE - Business segments
              • Exhibit 121: BASF SE - Key news
              • Exhibit 122: BASF SE - Key offerings
              • Exhibit 123: BASF SE - Segment focus
            • 12.7 Beckers Group
              • Exhibit 124: Beckers Group - Overview
              • Exhibit 125: Beckers Group - Product / Service
              • Exhibit 126: Beckers Group - Key offerings
            • 12.8 Chugoku Marine Paints Ltd.
              • Exhibit 127: Chugoku Marine Paints Ltd. - Overview
              • Exhibit 128: Chugoku Marine Paints Ltd. - Business segments
              • Exhibit 129: Chugoku Marine Paints Ltd. - Key offerings
              • Exhibit 130: Chugoku Marine Paints Ltd. - Segment focus
            • 12.9 Hempel AS
              • Exhibit 131: Hempel AS - Overview
              • Exhibit 132: Hempel AS - Product / Service
              • Exhibit 133: Hempel AS - Key offerings
            • 12.10 Jotun AS
              • Exhibit 134: Jotun AS - Overview
              • Exhibit 135: Jotun AS - Business segments
              • Exhibit 136: Jotun AS - Key offerings
              • Exhibit 137: Jotun AS - Segment focus
            • 12.11 Kansai Paint Co. Ltd.
              • Exhibit 138: Kansai Paint Co. Ltd. - Overview
              • Exhibit 139: Kansai Paint Co. Ltd. - Business segments
              • Exhibit 140: Kansai Paint Co. Ltd. - Key offerings
              • Exhibit 141: Kansai Paint Co. Ltd. - Segment focus
            • 12.12 Nippon Paint Holdings Co. Ltd.
              • Exhibit 142: Nippon Paint Holdings Co. Ltd. - Overview
              • Exhibit 143: Nippon Paint Holdings Co. Ltd. - Business segments
              • Exhibit 144: Nippon Paint Holdings Co. Ltd. - Key offerings
              • Exhibit 145: Nippon Paint Holdings Co. Ltd. - Segment focus
            • 12.13 NOROO Holdings Co. Ltd.
              • Exhibit 146: NOROO Holdings Co. Ltd. - Overview
              • Exhibit 147: NOROO Holdings Co. Ltd. - Product / Service
              • Exhibit 148: NOROO Holdings Co. Ltd. - Key offerings
            • 12.14 PPG Industries Inc.
              • Exhibit 149: PPG Industries Inc. - Overview
              • Exhibit 150: PPG Industries Inc. - Business segments
              • Exhibit 151: PPG Industries Inc. - Key offerings
              • Exhibit 152: PPG Industries Inc. - Segment focus
            • 12.15 RPM International Inc.
              • Exhibit 153: RPM International Inc. - Overview
              • Exhibit 154: RPM International Inc. - Business segments
              • Exhibit 155: RPM International Inc. - Key offerings
              • Exhibit 156: RPM International Inc. - Segment focus
            • 12.16 The Sherwin Williams Co.
              • Exhibit 157: The Sherwin Williams Co. - Overview
              • Exhibit 158: The Sherwin Williams Co. - Business segments
              • Exhibit 159: The Sherwin Williams Co. - Key news
              • Exhibit 160: The Sherwin Williams Co. - Key offerings
              • Exhibit 161: The Sherwin Williams Co. - Segment focus
            • 12.17 TOA Paint Thailand Public Co. Ltd.
              • Exhibit 162: TOA Paint Thailand Public Co. Ltd. - Overview
              • Exhibit 163: TOA Paint Thailand Public Co. Ltd. - Business segments
              • Exhibit 164: TOA Paint Thailand Public Co. Ltd. - Key offerings
              • Exhibit 165: TOA Paint Thailand Public Co. Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 166: Inclusions checklist
                • Exhibit 167: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 168: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 169: Research methodology
                • Exhibit 170: Validation techniques employed for market sizing
                • Exhibit 171: Information sources
              • 13.5 List of abbreviations
                • Exhibit 172: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              industrial coatings market in apac market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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