To identify growth opportunities in the coatings market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2017-2022. APAC will grow faster than the overall market. The growth of EMEA and the Americas will be slower than the global market.
Below are some of the key findings from the coatings market research report
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The rapid infrastructure development and the rise in construction activities are the major factors driving the global coatings market. Roofs, wood panels, and metal sheets are some of the products that use coating material for construction and provide artistic appeal to residential and commercial buildings. Coatings also help in asset protection from corrosion, fire, and weathering; field proven/warrantied systems; extends maintenance/repainting cycles; and improves on-site productivity. With the rising demand from construction sectors, coating vendors have started offering diversified products like extrusion coatings, fire protection coatings, wood coatings, and protective coatings, which is expected to further fuel the coatings market growth.
The continuous rise in strategic partnerships and alliances is one of the key emerging coatings market trends. Several coating market vendors are investing extensively in joint ventures and acquisitions to capture a major share of the global coatings market and expand their presence in new regions. These manufacturers have helped them in successfully launching their joint ventures, expand product range, and create premier technology. According to this coatings market forecast report, the coatings market will grow at a CAGR of over 5% during the forecast period.
Top coatings companies covered in this market research report
The coatings market is fairly fragmented. With the continuous rise in strategic alliances, the players of the coatings market are increasingly focused on expanding their product portfolio by offering protective coating, coil coating, and other powder coating supplies. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this coatings market analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
Axalta Coating Systems
The Sherwin-Williams Company
Coatings market segmentation based on geographic regions
Global coatings market analysis reveals that the APAC region will account for the largest coatings market share and the highest coatings market growth throughout the forecast period.
Coatings market segmentation based on end user
The industrial user segment will account for the largest coating market share, while the architectural segment will record the highest coatings market growth. Additionally, the report also provides an accurate prediction of the contribution of the various end users segments to the growth of the coatings market size.
Key highlights of the global coatings market for the forecast years 2018-2022:
CAGR of the market during the forecast period 2018-2022
Detailed information on factors that will accelerate the growth of the coatings market during the next five years
Precise estimation of the global coatings market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the coatings industry across the Americas, APAC, and EMEA
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details on the factors that will challenge the growth of coatings companies
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