MRO Magazine

Paints and Coatings Market to Log 5.40% CAGR till 2019 Fueled by Rising Construction Activities: Transparency Market Research

October 21, 2015
By Business Wire News


Transparency Market Research announces the release of a new report titled “Paints and Coatings Market by Product Segment (High Solids/Radiation Cure, Powder Coatings, Waterborne Coatings, Solvent Borne Technologies and Others) For Automotives & Aviation, Medical & Healthcare, Residential, Commercial and Other End-users – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”. Driven by increase in construction activities around the world, the global paints and coatings market is projected to expand at a 5.40% CAGR, growing from US$100.3 bn in 2012 to US$143.9 bn by 2019.

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On the basis of product, the paints and coatings market is segmented into powder coating, solvent-borne technologies, high solids/radiation cure, waterborne coating, and others. Waterborne coatings held the largest share, accounting for 40% of the global demand in 2012. Solvent-borne technologies held the second highest share, but are anticipated to witness a declining demand trend by 2019.

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By end user, the paints and coatings market is categorized into medical and healthcare, automotives and aviation, commercial, residential, and others. The residential sector held the largest share of the paints and coatings market and in 2012, made up for 33.10% of the overall demand. Aviation and automotive is estimated to be the most rapidly developing end-user segment by 2019.

The global paints and coatings market is segmented on the basis of geography into North America, Asia Pacific, Europe, and Rest of the World. The highest demand for paints and coatings stemmed from Asia Pacific and this region held a 39% share of the global market in 2012.

The leading companies in the paints and coatings market are PPG Industries, Sherwin-Williams Company, AkzoNobel N.V., RPG International Inc., Axalta Coatings System, BASF SE, and The Valspar Corporation.

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About TMR

Transparency Market Research (TMR) is a U.S.-based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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