Paints & Coatings 2019 Global Market Outlook,Research,Trends and Forecast to 2023

“Paints & Coatings Market”
WiseGuyReports.Com Publish a New Market Research Report On –“ Paints & Coatings 2019 Global Market Outlook,Research,Trends and Forecast to 2023”.

 

Paints & Coatings Industry 2019

Description:-

Global paints & coatings market has witnessed a healthy growth and it is likely to continue growing over the forecast period to reach USD 190167.6 million by the end of 2023. The market growth is attributed to the continuously increasing growth of the application segment such as residential and non-residential in architectural sector along with automotive and general in industrial sector. Architectural sector is estimated to be the major segment and is accounted for 55.1% share of the market in 2017. Industrial sector accounted for 44.9% share in 2017. General segment which includes, appliances, aluminium extrusions, metal furniture, vehicle components and HVAC among others accounted for largest market share of 55.4% in the industrial sector. The segment anticipated to retain its dominance over the forecast period with a share of 56.0% by the end of forecast period due to growing demand for paints & coatings in appliances, metal furniture and HVAC. Automotive segment accounted for second largest markets share of 24.5% in 2017 in industrial sector, with market value of USD 15574.5 million. The segment is anticipated to grow at CAGR of 5.09% during the forecast period to reach USD 20978.4 million by 2023 end.

 

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Threat of New Entrants in Global Market 
Taking all the past and present global market trends, forces, and scenarios under consideration, the global paints & coatings market is estimated to have medium threat of new entrants. This is primarily attributed to the capital intensive nature of the industry and dominance of leading market players in almost all the major regions across the globe. In addition to this, the supply of a wide range of product to suffice the market demand. However, over the forecast period, the demand for paints & coatings is projected to expand exponentially in architectural sector on account of huge demand from building & construction industry. Moreover, the automotive industry is also a major consumer of paints & coatings which is witnessing considerable growth during the forecast period. Thus in future, the growing demand may pave the way for new participants to enter the market.

Global Paints & Coatings Market Share, by Application 2016, (%) 

Regional Analysis 
The global paints & coatings market is divided into five key regions like the Middle East & Africa, Asia Pacific, Latin America, North America and Europe. Among these regions, Asia Pacific market acquired more than 50% value and volume share of the market. The region offers a significant growth potential in the paints & coatings market and is slated to register the CAGR of 5.41% during the forecast period owing to the rising disposable income, rising demand for appliances, growing population in the region, and growing construction activities in the region. China is the largest market for paints & coatings in the region and is expected to dominate during the forecast period due to increasing consumption of paints & coatings across architectural and industrial sectors. Additionally, the fragmentation of paints & coatings market among small Chinese players is attributed to the substantial value addition in the paints & coatings market in the country. 

Segmentation 
On the basis of type, paints & coatings market is segmented into acrylic, alkyd, epoxy, polyurethane, alkyd, polyester, fluropolymer polyether etherketone (PEEK), polyaryl etherketone (PAEK), polyether Ketone (PEK) among others. Based on the performance range, the market is divided in to commodity, engineering and high performance segments. Based on application, market is segmented as architectural and industrial segment. 

Key Players 
Some of the key players operating in the global paints & coatings market are 3M, Jotun Group, The Sherwin-Williams Company, TIGER Coatings GmbH & Co. KG, Vitracoat America, Dai Nippon Toryo Co., Ltd, Kansai Nerolac Paints Limited, Diamond Vogel, Hentzen Coatings, Inc., Berger Paints India Limited, National Paints Factories, Axalta Coating Systems Ltd, Guangzhou Kinte Paints & coatings, and AkzoNobel N.V., among others. 

Geographic Analysis 

The geographic regions covered in the report are stated as below: 
• North America 
o The U.S. 
o Canada 
• Europe 
o Germany 
o France 
o Italy 
o Russia 
o U.K 
o Spain 
o Rest of Europe 
• APAC 
o China 
o India 
o Japan 
o Rest of Asia Pacific 
• Latin America 
o Brazil 
o Mexico 
o Rest of Latin America 
• Middle East & Africa 
o G.C.C 
o Iran 
o Israel 
o Egypt 
o Rest of Middle East & Africa

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Table Of Contents – Major Key Points

1 Executive Summary 

2 Market Introduction 
    2.1 Definition 
    2.2 Scope of the Study 
    2.3 List of Assumptions 
    2.4 Market Structure 

3 Research Methodology 
    3.1 Research Process 
    3.2 Primary Research 
    3.3 Secondary Research 
    3.4 Market Size Estimation 
    3.5 Forecast Model 

4 Market Dynamics 
    4.1 Introduction 
    4.2 Drivers 
      4.2.1 Strengthening construction industry growth 
      4.2.2 Growth in automotive production in Asia Pacific & Europe 
      4.2.3 Augmented demand for high-performance coatings 
    4.3 Restraints 
      4.3.1 Rise in raw material prices 
    4.4 Opportunities 
      4.4.1 Technological innovation in product development 
      4.4.2 Emerging country level markets 
    4.5 Challenge 
      4.5.1 Stringent regulatory policies 

5 Market Factor Analysis 
    5.1 Supply Chain Analysis 
      5.1.1 Raw Material Suppliers 
      5.1.2 Paints & Coatings Producers 
      5.1.3 Distribution Channel 
      5.1.4 Application 
    5.2 Porter’s Five Forces Analysis 
      5.2.1 Threat of New Entrants 
      5.2.2 Threat of Rivalry 
      5.2.3 Threat of Substitute 
      5.2.4 Bargaining Power of Supplier 
      5.2.5 Bargaining Power of Buyer 

Continued……

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