Global paints and coatings market to surpass US$ 235 billion by 2025Posted by anagha on August 10th, 2017 The Global Paints and Coatings Marketwas valued at US$ 137.25 Billion in 2016, according to a new report published byCoherent Market Insights. The increasing use of waterborne paints in various end-use industries such as automotive, furniture, and architecture, will enhance growth of the market during the forecast period. The solvent free content of these coatings results in negligible or low volatile organic compounds (VOC) emissions, which in turn makes these products environment friendly and hence, fuel demand for these coatings globally. The global paints and coatings market has gained significant traction over the last five years. This is mainly attributed to surging demand for waterborne paints due to stringent government regulation for VOC emissions. Moreover, the decorative paints demand is expected to witness significant increase due to growing urbanization in the emerging and developed economies. Request Sample of Global paints and coatings market: https://www.coherentmarketinsights.com/insight/request-sample/328 Decorative paints application is the largest segment accounting for over 41.61% market share in the global paints and coatings market. Increasing urbanization and rising demand for modern infrastructure is projected to fuel demand for decorative paints during the forecast period. Waterborne paints is the largest segment in the paints and coatings market due to stringent environment regulations and technology shifting towards developing new ecofriendly products, with low VOC emissions. Powder coatings is the fastest growing segment during the forecast period. This is mainly attributed to rampant growth of end-use industries such as automotive and aerospace in emerging economies such as India and China. Key takeaways of the market:
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