Top 10 High Growth Paints & Coatings Market by Coating Type (Elastomeric, Polyurea, UV, Insulation, Ceramic, Automotive, Medical, Silicone, Fluoropolymer, and Epoxy Coatings) - Global Forecast to 2021
“Global paints & coatings market to register a CAGR of 5.07% from 2016 to 2021”
The global paints & coatings market was valued at USD 141.58 billion in 2015 and is projected to register a CAGR of 5.07% between 2016 and 2021. It is primarily driven by the increasing use of waterborne coatings for performance and environmental reasons. Moreover, the expansion activities of paints & coatings manufacturers are also creating demand for paints & coatings manufacturers. However, the health and environmental concerns regarding the release of VOC content to the environment are likely to hamper the growth of the solvent borne paints & coatings segment, globally.
“Elastomeric coatings is projected to grow at the highest rate”
Increase in demand for elastomeric coatings across various applications of construction industries is driving the global elastomeric coatings market. Stringent government regulations for low toxicity are expected to be the winning imperatives for the players in the water-based elastomeric coatings market. Elastomeric coatings market will be driven by a strong rebound in building construction across the world, particularly in North America, Europe, and Japan, which will fuel the demand for architectural paints.
“Polyurea coatings is projected to grow at the second highest CAGR”
The increase in demand for polyurea coatings across various sectors such as building & construction, transportation, industrial, and landscape, among others are the factors which support the growth of polyurea coatings market at a global level. The key growth opportunities driving the market include polyurea coatings’ unique attributes such as fast cure, insensitivity to humidity, chemical & abrasion resistance, excellent adhesion, and corrosion resistance.
Breakup of Primary Interviews:
By Company Type: Tier 1 – 58%, Tier 2 – 34%, and Others – 8%
By Designation: C level – 50%, D level – 33%, and Others – 17%
By Region: North America – 33%, Western Europe – 33%, Asia-Pacific – 17%, and Rest of the world – 17%
The key companies profiled in this report are The Dow Chemical Company (U.S.), AkzoNobel N.V. (Netherlands), The Sherwin-Williams Company (U.S.), BASF SE (Germany), PPG Industries (U.S.), Jotun A/S (Norway), Nippon Paint (Japan), Axalta Coating Systems (U.S.), Asian Paints (India), Progressive Painting Inc. (U.S.), and others.
This report covers segmentation of the top ten high growth paints & coatings market. Based on region, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Reasons to buy the report
From an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), market share analysis of top paints and coatings players, value chain analysis, and company profiles; emerging and high-growth segments of each coatings market; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on products offered by the top players in the top 10 growing paints & coatings market
Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the top ten growing paints & coatings market across regions
Competitive Assessment: In-depth assessment of market shares and manufacturing capabilities of the leading players in the top ten growing paints & coatings market