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Global Paints and Coatings Market 2017-2021

Global Paints and Coatings Market 2017-2021

About paints and coatings

Paints and coatings are not only used to enhance the aesthetic value of the substrate but also offer various functional benefits such as anti-skid, insulation, conduction, reflection, and light absorption. Paints and coatings have occupied an indispensable place for many applications, including household appliances, buildings, cars, ships, airplanes to computers, microchips, and printed circuit boards.

Technavio’s analysts forecast the global paints and coatings market to grow at a CAGR of 5.63% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global paints and coatings market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Paints and Coatings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Akzo Nobel
  • BASF
  • Jotun
  • PPG Industries
  • The Sherwin-Williams Company
Other prominent vendors
  • 3M
  • Asian Paints
  • Axalta Coating Systems
  • DAW
  • H.B. Fuller
  • Hempel
  • Henkel
  • KANSAI PAINT
  • Masco
  • NIPPON PAINT
  • RPM International
  • Sika
Market driver
  • Highly lucrative architectural paints segment
  • For a full, detailed list, view our report
Market challenge
  • Fluctuating crude oil prices
  • For a full, detailed list, view our report
Market trend
  • Growth in DIY market
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Paints and Coatings Market 2017-2021

Technavio recognizes the following companies as the key players in the global paints and coatings market: Akzo Nobel, BASF, Jotun, PPG Industries, and The Sherwin-Williams Company.

Other Prominent Vendors in the market are: 3M, Asian Paints, Axalta Coating Systems, DAW, H.B. Fuller, Hempel, Henkel, KANSAI PAINT, Masco, NIPPON PAINT, RPM International, and Sika.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growth in DIY market. Increasing disposable incomes that has translated to the construction of new homes, also increased the number of existing home sales. An increase in consumer spending on home remodeling and improvement projects is the major factor providing growth incentive for the consumption of paints and coatings by the residential end-user segment. The demand for paints and coatings from do-it-yourself (DIY) consumers is mainly high in Western economies, and organized big box retailers catering to this demand.”

According to the report, one of the major drivers for this market is Highly lucrative architectural paints segment. In the architectural paints segment, most of the vendors have identical product offerings. Increasing demand for supportive infrastructure in all parts of the world owing to growing population, coupled with increasing urbanization, is driving the demand for architectural paints and coatings. Additionally, the growth in the retail and hospitality sectors is also contributing to the demand for architectural paints.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuating crude oil prices. The cost of paints and coatings products depends on the price fluctuations of crude oil, which was at an 11-year low in 2016. Crude oil prices further declined after the Organization of the Petroleum Exporting Countries (OPEC) planned to retain its high production despite reduced oil prices. Additionally, benzene prices in the Asian markets dropped sharply due to the weak demand. Volatile oil prices are common in the chemical sector.

Companies Mentioned

Akzo Nobel, BASF, Jotun, PPG Industries, The Sherwin-Williams Company, 3M, Asian Paints, Axalta Coating Systems, DAW, H.B. Fuller, Hempel, Henkel, KANSAI PAINT, Masco, NIPPON PAINT, RPM International, and Sika.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outlook
    • Regulatory outlook
      • Table Volatile organic content (VOC) limits in US 2015
      • Table VOC limits in Europe 2015
      • Table VOC limits in APAC 2015
    • Critical aspects of paints and coatings industry
      • Table Critical aspects of paints and coatings industry
  • Market landscape
    • Global paints and coatings market
      • Table Global paints and coatings market 2016 and 2021 ($ billions)
      • Table Market forecast: Global paints and coatings market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by resin type
    • Global paints and coatings market by resin type
      • Table Global paints and coatings market by resin type 2016 (revenue %)
      • Table Global paints and coatings market by resin type 2021 (revenue %)
    • Global paints and coatings market by acrylic resins
      • Table Global paints and coatings market by acrylic resins 2016 and 2021 ($ billions)
      • Table Market forecast: Global paints and coatings market by acrylic resins 2016-2021
    • Global paints and market coatings by epoxy resins
      • Table Global paints and market coatings by epoxy resins 2016 and 2021 ($ billions)
      • Table Market forecast: Global paints and market coatings by epoxy resins 2016-2021
    • Global paints and coatings market by alkyd resins
      • Table Global paints and coatings market by alkyd resins 2016 and 2021 ($ billions)
      • Table Market forecast: Global paints and coatings market by alkyd resins 2016-2021
    • Global paints and coatings market by polyurethane resins
      • Table Global paints and coatings market by polyurethane resins 2016 and 2021 ($ billions)
      • Table Market forecast: Global paints and coatings market by polyurethane resins 2016-2021
    • Global paints and coatings market by other resins
      • Table Global paints and coatings market by other resins 2016 and 2021 ($ billions)
      • Table Market forecast: Global paints and coatings market by other resins 2016-2021
  • Market segmentation by technology
    • Global paints and coatings market by technology
      • Table Global paints and coatings market by technology 2016 (revenue %)
      • Table Global paints and coatings market by technology 2021 (revenue %)
    • Global water-based paints and coatings market
      • Table Global water-based paints and coatings market 2016 and 2021 ($ billions)
      • Table Market forecast: Global water-based paints and coatings market 2016-2021
    • Global solvent-based paints and coatings market
      • Table Global solvent-based paints and coatings market 2016 and 2021 ($ billions)
      • Table Market forecast: Global solvent-based paints and coatings market 2016-2021
    • Global paints and coatings market by other technologies
      • Table Global paints and coatings market by other technologies 2016 and 2021 ($ billions)
      • Table Market forecast: Global paints and coatings market by other technologies 2016-2021
  • Market segmentation by application
    • Global paints and coatings market by application
      • Table Global paints and coatings market by application 2016 (revenue %)
      • Table Global paints and coatings market by application 2021 (revenue %)
    • Global paints and coatings market for architectural sector
      • Table Global paints and coatings market for architectural sector 2016 and 2021 ($ billions)
      • Table Market forecast: Global paints and coatings market for architectural sector 2016-2021
    • Global paints and coatings market for industrial sector
      • Table Global paints and coatings market for industrial sector 2016 and 2021 ($ billions)
      • Table Market forecast: Global paints and coatings market for industrial sector 2016-2021
  • Geographical segmentation
    • Global paints and coatings market by geography
      • Table Global paints and coatings market by geography 2016 (revenue %)
      • Table Global paints and coatings market by geography 2021 (revenue %)
    • Paints and coatings market in APAC
      • Table Paints and coatings market in APAC 2016 and 2021 ($ billions)
      • Table Market forecast: Paints and coatings market in APAC 2016-2021
    • Paints and coatings market in Europe
      • Table Paints and coatings market in Europe 2016 and 2021 ($ billions)
      • Table Market forecast: Paints and coatings market in Europe 2016-2021
    • Paints and coatings market in North America
      • Table Paints and coatings market in North America 2016 and 2021 ($ billions)
      • Table Market forecast: Paints and coatings market in North America 2016-2021
    • Paints and coatings market in ROW
      • Table Paints and coatings market in ROW 2016 and 2021 ($ billions)
      • Table Market forecast: Paints and coatings market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growth in DIY market
      • Table Paint and coatings sales by consumer type in US 2009-2015
    • Growing consumption of nano-coatings
    • Introduction of fluoropolymer topcoats
    • Novel developments in paints and coatings market
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Global paints and coatings market: Major vendors 2016
    • Other prominent vendors
  • Key vendor analysis
    • Akzo Nobel
      • Table Akzo Nobel: Business segmentation by revenue 2016
      • Table Akzo Nobel: Geographical segmentation by revenue 2016
    • BASF
      • Table BASF: Business segmentation by revenue 2016
      • Table BASF: Geographical segmentation by revenue 2016
    • Jotun
      • Table Jotun: Business segmentation by revenue 2016
      • Table Key regions served by Jotun 2016
    • PPG Industries
      • Table PPG Industries: Business segmentation by revenue 2016
      • Table PPG Industries: Geographic segmentation by revenue 2016
      • Table PPG Industries: Paints and coatings businesses
    • The Sherwin-Williams Company
      • Table The Sherwin-Williams Company: Business segmentation by revenue 2016
      • Table The Sherwin-Williams Company: Geographic segmentation by revenue 2016
      • Table The Sherwin-Williams Company: Paints and coatings businesses
  • Appendix
    • List of abbreviations
  • Explore Technavio

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