Paints and Coatings Market Report 2023-2028 PDF: Industry Overview, Growth Rate

1. Paints and Coatings Market Report 2023 By Product, Material, and Application, Key Regions and Competitive Landscape www.imarcgroup.com Sales@imarcgroup.com +1-631-791-1145 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value challenges, and transform their businesses. opportunities, address their most critical IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. industrial, and high technology IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Paints and Coatings Market Outlook 2023-2028: The global paints and coatings market size reached US$ 168.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 231.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028. Paints refer to pigmented liquids utilized to improve the aesthetics of the substrate, whereas coatings are mainly used to prevent substrate deterioration and enhance surface properties. Commonly available product variants include powder, high solids, waterborne, radiation curing, and solvent-borne coatings. Paints and coatings are widely used in residential and non-residential infrastructures, decorating industrial equipment and buildings. Paints and coatings exhibit flame retardancy, anti-fouling, and anti-microbial properties. In addition, they also protect the surface from weathering, rust, adverse environmental conditions, and chemical exposure. As a result, paints and coatings find extensive applications across various sectors, such as marine, construction, automobile, and transportation.

4. Report Description and Highlights Report Description Paints and Coatings Market Trends: The escalating demand for these pigmented liquids and layers on panels, windows, walls, roofs, door frames, and interior extrusions for protection, decoration, and aesthetics and the expanding construction industry across the globe are among the primary factors driving the paints and coatings market. Besides this, the elevating product requirement in the automotive sector, owing to its color stability, continuous protective film formation, corrosion, abrasion and scratch resistance, flexibility, and durability, is further augmenting the market growth. Moreover, the introduction of volatile organic compounds (VOC) free, block resistant, and organic paints and coatings manufactured using natural ingredients, including lemon peel extract, seed, clay, vegetable, and soybean oil, is also catalyzing the global market. Apart from this, the increasing utilization of environment-friendly and green coatings that minimize the adverse effects of infrared and ultraviolet (UV) radiations and improve the overall efficiency is acting as another significant growth- inducing factor. Furthermore, the rising environmental consciousness among the masses, the growing popularity of waterborne and powder-based layers, the launch of several policies by the government bodies promoting infrastructural development, and the high inclination toward renovation activities are anticipated to propel the paints and coatings market over the forecasted period. Request for a free sample report: https://www.imarcgroup.com/paints-coatings- market/requestsample

5. Report Description Report Description and Highlights Market Summary: Breakup by Product: • • • • • Waterborne Coatings Solvent-borne Coatings Powder Coatings High Solids/Radiation Curing Others Breakup by Material: • • • • • • Acrylic Alkyd Polyurethane Epoxy Polyester Others

6. Report Description Report Description and Highlights Breakup by Application: •Architectural and Decorative •Non-Architectural • Automotive and Transportation • Wood • General Industrial • Marine • Protective • Others Breakup by Region: • North America • Europe • Asia Pacific • Middle East and Africa • Latin America On account of the aforementioned factors, the market is anticipated to witness strong growth during 2023-2028.

7. Report Description Report Description and Highlights Competitive Landscape: Akzo Nobel N.V. Asian Paints Ltd. Axalta Coating Systems Ltd. Berger Paints India Limited Indigo Paints Limited Jotun A/S Kansai Paint Co. Ltd. National Paints Factories Co. Ltd. PPG Industries Inc. RPM International Inc. The Sherwin-Williams Company Tiger Coatings GmbH & Co. KG. • • • • • • • • • • • • View Report TOC, Figures, and Tables: https://www.imarcgroup.com/paints-coatings-market

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10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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