Paints and Coatings Industry Development Analysis Contributing Top Vendor Landscape and Economic Growth 2030Posted by rahul nikade on May 4th, 2023 Paints and Coatings Industry Data Book Covers Powder Coatings, Waterborne Coatings, Solvent-borne Coatings and High Solids/Radiation Curing Coatings Markets. The economic value generated by the paints & coatings industry was estimated at approximately USD 161.44 billion in 2022. Grand View Research’s paints & coatings sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book. Powder Coatings Market Insights The global powder coating market size was valued at USD 13.60 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030. The polyester resin type segment accounted for 28.0% of the volume share in 2022 on account of the beneficial properties of polyester, such as quick-drying, chemical resistance, temperature resistance, abrasion resistance, and surface protection. A surge in product demand in applications including door handles, radiator grills, wheel rims, bumpers, bicycles, and metallic structural components will propel the segment growth over the forecast period. The consumer goods application segment dominated the global market in 2022 accounting for 23.9% of the overall value share. The segment is expected to witness significant growth over the forecast period. Growing purchasing power, high standards of living, and rapid urbanization are expected to drive the consumer goods sector, thereby boosting product demand over the forecast period. Access the Global Paints and Coatings Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory & technological framework studies Waterborne Coatings Market Insights The global waterborne coatings market size was valued at USD 57.67 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. The acrylic resin segment dominated the industry with the highest revenue share of 83.4% in 2022. Growing demand from infrastructure and automotive industries on the account of glossy color retention in outdoor exposure is anticipated to propel the demand for acrylic waterborne coatings. They are widely used owing to properties, such as abrasion resistance, toughness, and chemical & weather resistance. Stringent government regulations regarding reducing VOC emissions and consistent odors along with shifting consumer preference towards waterborne coatings over their solvent-borne counterparts is expected to remain a major factor driving product demand. The architectural application segment dominated the industry in 2022 and accounted for the highest share of 87.1% of the overall revenue. Waterborne coatings account for a major share of total architectural coatings and are expected to increase significantly over the next seven to ten years owing to increasing regulations regarding VOC emissions. Paints and Coatings Market – Global Industry Segmentation Waterborne Coatings Market Size & Forecasts, by Resin, 2017 - 2030
Waterborne Coatings Market Size & Forecasts, by Application, 2017 - 2030
Solvent Coatings Market Size & Forecasts, by Type, 2017 - 2030
Solvent Coatings Market Size & Forecasts, by Application, 2017 - 2030
Powder Coatings Market Size & Forecasts, by Resin, 2017 - 2030
Powder Coatings Market Size & Forecasts, by Application, 2017 - 2030
High solids/radiation curing Market Size & Forecasts, by Raw Material, 2017 - 2030
High solids/radiation curing Market Size & Forecasts, by Formulation, 2017 - 2030
High solids/radiation curing Market Size & Forecasts, by Application, 2017 - 2030
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Paints and Coatings Industry Data Book Competitive Landscape The global paints & coatings market is heading toward major consolidations to increase efficiency, support growth, and achieve more leverage with suppliers and customers. Market consolidation has become a long-term trend, particularly in the western market, with limited organic growth. Key players operating in the paints and coatings industry are –
Go through the table of content of Paints and Coatings Industry Data Book to get a better understanding of the Coverage & Scope of the study About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it! More by this author |