Home » Business, Energy & Environment, Science, UK » Paints & Coatings Market is Expected to Hit $196.5 Billion By 2022: Credence Research
CredenceResearch.com has Published New Research Report Title “Global Paints & Coatings Market By Standard (Premium, Medium, Economy), By End-Users (Architectural Coatings, Industrial Coatings, Special Purpose Coatings) – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2022”

According to a new market report published by Credence Research “Paints & Coatings Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2021,” the paints & coatings market was valued is expected to reach over US$196.5 Bn by 2022, expanding at a CAGR of more than 5.0% from 2015 to 2022.

Market Insights:

Coatings are coverings that are applied to the surface of any object to protect it from corrosion, dust and for decoration. It is referred as a substrate and is mainly used as a functional material for many applications. Hence, paints & coatings are widely used for many applications in various end-user industries. Functional paints & coatings are used to change the surface properties of object which includes adhesion, wear and corrosion resistance among others. In case of device fabrication, the coatings used add excellent new properties such as electrical conductivity and magnetic response among others. These factors have promoted the growth of paints & coatings industry worldwide.

Rising population in emerging economies such as Asia Pacific has boosted the growth of construction industry. China and India are the major countries boosting market demand for residential projects which is driving the market for paints & coatings in the region. Asia Pacific is the largest and fastest growing market for paints & coatings worldwide. The increasing demand for paints & coatings in the construction industry is the major factor driving the growth of global paints & coatings market. Hence, high demand from the construction industry is expected to boost market growth of global paints & coatings market. Paints & coatings are segmented into premium, medium and economy coatings depending on the quality and price of the product. Premium coatings are expected to experience high growth due to its beneficial properties as compared to other coatings in the market.

Browse the full Paints & Coatings (Premium, Medium and Economy) Market for Architectural Coatings, Industrial Coatings, Special Purpose Coatings and Other Applications- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2021 report at http://www.credenceresearch.com/report/paints-and-coatings-market

Competitive Insights:

Architectural coatings accounted for larger share of global paints & coatings market. The growing demand for residential and commercial projects in emerging economies such as Asia Pacific and Rest of the World has led to high demand for paints & coatings in the market. Architectural coatings are expected to gain high demand among other coatings in the market. Industrial coatings followed architectural coatings in terms of demand and the market is expected to grow in the near future. High demand from industrial sector for machine manufacturing, automobiles, etc. is anticipated to boost market for paints & coatings. Other applications such as special purpose coatings are also projected to generate high demand for paints & coatings worldwide. These coatings offer less benefits but are widely used for small scale applications. Hence, paints & coatings market is projected to grow in the near future.

Key Trends:

  • Architectural coatings in construction industry
  • Manufacturing process of automobiles and machinery
  • Wide applications in numerous end-user industries
  • Opportunities from increasing research activities for green and environment friendly coatings

Latest Report:

Waterproofing Chemicals Market – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2022

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa. 

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Web:  Credence Research

Blog: http://www.mobilecomputingtoday.co.uk/4035/global-paints-coatings-market-expected-reach-us196-5-2022-credence-research/

Media Contact
Company Name: Credence Research
Contact Person: Chris Smith, Global Sales Manager
Email: sales@credenceresearch.com
Phone: 1-800-361-8290
Address:105 N 1st ST #429
State: California
Country: United States
Website: http://www.credenceresearch.com/report/paints-and-coatings-market

Comments are closed.