Global Paints And Coatings Market Will Reach $176.5 Billion In 2020

1949 words - 8 pages

Paints and Coatings Market - Global Study on Paints and Coatings: Industrial Paints and Coatings to Witness Highest Growth by 2020

Persistence Market Research

Global Paints and Coatings Market Will Reach $176.5 billion in 2020 - Persistence Market Research

Persistence Market Research

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Paints and Coatings Market - Global Study on Paints and Coatings: Industrial Paints and Coatings to Witness Highest Growth by 2020

Persistence Market Research Released New Market Report Global Market Study on Paints and Coatings: Industrial Paints and Coatings to Witness Highest Growth by 2020”, the global paints and coatings market was worth USD 121.9 billion in 2013 and is expected to grow ...view middle of the document...

Based on type, architectural and decorative paints and coatings paints are mainly classified into emulsions and distempers. Distempers are costlier than emulsions and account for lesser market share as compared to emulsions.

Industrial paints and coatings are used by several industries, including machinery manufacturing, automotive, and consumer goods. Based on their formulation, industrial paints and coatings can be segmented into four categories: water-based, solvent-based, powder, and UV-based.

Persistence Market Research

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Paints and Coatings Market - Global Study on Paints and Coatings: Industrial Paints and Coatings to Witness Highest Growth by 2020

According to the Bureau of Economic Analysis (U.S. Department of Commerce), the durable goods industry grew from USD 958.7 billion in 2010 to USD 1096.4 billion in 2013. The construction industry in the country grew from USD 539.1 billion in 2010 to USD 611.4 billion in 2013. Fabricated metal products industry accounted for USD 120.6 billion in 2010 which increased to reach USD 134.1 billion in 2012. The wood products industry reached USD 23.8 billion in 2012 from USD 22.1 billion in 2010. The growth of these industries is fuelling the growth of the paints and coatings market.

Several European economies recorded negative GDPs during the Euro-Zone crisis. Italy and Spain have been the biggest victims of this crisis. However, the European economies are improving and consumers are gaining confidence once more, which is a positive sign for consumer-related industries. The negative effect of the economic crisis also impacted the European paints and coatings market; however, the industry is recovering and is expected to gain momentum by 2020.

The global paints and coatings industry has moderate degree of competition; however, the industry is moving towards consolidation through large number of mergers and acquisitions taking place in the recent years. Some of the major paints and coatings companies include AkzoNobel N.V., PPG Industries, The Sherwin-Williams Company, RPM International, Valspar Corporation, and Kansai Paint Company.

Below is the segmentation done by Persistence Market Research for global market study on paints and coatings:

Market Size and Forecast by Product Segment o Market Size and Forecast  Architectural and Decorative Paints and Coatings   Water-based Architectural and Decorative Paints and Coatings Solvent-based Architectural and Decorative Paints and Coatings

Persistence Market Research

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Paints and Coatings Market - Global Study on Paints and Coatings: Industrial Paints and Coatings to Witness Highest Growth by 2020

Industrial Paints and Coatings     Water-based Industrial Paints and Coatings Solvent-based Industrial Paints and Coatings Powder Coatings UV-based Coatings

Market Size and Forecast by Region o North America   o Market Size and Forecast by country Market Size and Forecast by product segments

Europe  ...

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