â€śGlobal Paints and Coatings Market 2017-2021â€ť provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the Paints and Coatings Market.
This report studies the Paints and Coatings market status and outlook of global and major regions, from angles of manufacturers, regions, product types and end industries. The report covers the present scenario and the growth prospects of the global Paints and Coatings retail market for 2017-2021. To calculate the market size, the report includes segmentation of the market on the basis of product category and geography.
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Key vendors in this market are:
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, Sika.
Commenting on the report, an analyst from Industrydataanlytics 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.Â”
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.
Industrydataanlytics 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.
Industrydataanlytics 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.
This independent 100 page report guarantees you will remain better informed than your competition. With over 50 tables and figures examining the Paints and Coatings market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leaderâ€™s market revenue forecasts as well as analysis to 2021.
Segmentation by geography and analysis of the Paints and Coatings market
Â• North America
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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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