Paints and Coatings Market by Resin Type, Technology, Application, and Geography - Forecast and Analysis 2021-2025

The paints and coatings market share is expected to increase by USD 39.68 billion from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.82%.

This paints and coatings market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by technology (water-based, solvent-based, and others), resin type (acrylic resins, epoxy resins, polyurethane resins, alkyd resins, and others), application (industrial and architectural), and geography (APAC, Europe, North America, MEA, and South America). The paints and coatings market report also offers information on several market vendors, including 3M Co., Akzo Nobel NV, BASF SE, Henkel AG and Co. KGaA, Jotun AS, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, and The Sherwin-Williams Co. among others.

What will the Paints and Coatings Market Size be in 2021?

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Paints and Coatings Market: Key Drivers and Trends

The growth of the global automotive industry is notably driving the paints and coatings market growth, although factors such as volatility in raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the paints and coatings industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This paints and coatings market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Paints and Coatings Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• 3M Co.
• Akzo Nobel NV
• BASF SE
• Henkel AG and Co. KGaA
• Jotun AS
• Nippon Paint Holdings Co. Ltd.
• PPG Industries Inc.
• RPM International Inc.
• Sika AG
• The Sherwin-Williams Co.

This statistical study of the paints and coatings market encompasses successful business strategies deployed by the key vendors. The paints and coatings market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The paints and coatings market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Paints and Coatings Market?

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54% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for paints and coatings in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The growth in industries, such as construction, automotive, and aerospace and defense will facilitate the paints and coatings market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Technology Segments in the Paints and Coatings Market?

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The paints and coatings market share growth by the water-based segment will be significant during the forecast period. Water-based paints have a low content of volatile organic compounds. Therefore, they are predominantly used in developed countries, such as the US, Germany, the UK, and France, for coating purposes in the automotive and architecture industries. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the paints and coatings market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Factors Covered in this Paints and Coatings Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive paints & coatings market growth during the next five years
• Precise estimation of the paints & coatings market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the paints and coatings industry across APAC, Europe, North America, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of paints and coatings market vendors

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