Precision Business Insights has published a report on the global paints and coatings market, estimating its value at USD 227.8 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/paints-and-coatings-market
The paints and coatings market refers to the global industry that produces and applies surface finishes to preserve, embellish, or improve the performance of materials in the architectural, industrial, automotive, marine, and packaging sectors.
Drivers:
Rising urbanization and infrastructure development, especially in emerging economies, are fueling demand for architectural coatings.
Increased vehicle production and industrial machinery usage drive demand for protective and performance coatings.
The global paints and coatings market segmentation:
1) By Resin: Epoxy, Acrylic, Polyester, Alkyd, Polyurethane, Others
2) By Product Type: Waterborne, Solvent Borne, Powder Coatings, UV Coatings, Others
3) By Application: Architectural, Automotive OEM, Marine, Coil, General Industries, Protective Coatings, Automotive Refinish, Industrial Wood, Packaging, Others
Request sample report at https://www.precisionbusinessinsights.com/request-sample/?product_id=59702
Regional Overview:
The report also examines the current concerns and their Future Effects on the paints and coatings market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the paints and coatings market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
North America (U.S., Canada)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Jotun, The Sherwin-Williams Company, Axalta Coating Systems, PPG Industries Inc., RPM International Inc., BASF SE, Henkel AG & Company KGaA, Contego International Inc., Hempel A/S, No-Burn Inc., Nullifire, 3M, Albi Protective Coatings, Akzo Nobel N.V.
About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.
Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.
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