Published Date : May 08, 2017
ALBANY, New York, May 08, 2017: MarketResearchReports.biz has stated the addition of a new market research report to its report repository. The research publication is titled, “Global Paints And Coatings Market Professional Survey Report 2016” The research report offers an exhaustive outlook of the dynamics that are controlling the changes that are occurring in the global market and further assesses them painstakingly The effect of some progressive and regressive elements has also been taken into consideration with equal significance in the market intelligence report. It also delivers data on the marketing and publicity strategies, shares, and merchandises of the top drawer companies.
The global market for paints and coatings is expected to witness exponential growth in the coming years owing to a significant rise in the number of residential and commercial constructions across the globe. The market is likely to move towards a fruitful future owing to rising demand for waterborne coatings across several industries. The global market for paints and coatings comprises powder-based and liquid-based varnishes and paints. They basically serve two purposes, i.e. ensuring protection and enhancing the look of the wall or surface it is applied to.
The robust pace of industrial development along with rising number of end-use industries are further expected to trigger colossal growth in the global paints and coatings market over the coming years. The proliferating per capita income of consumers has been propelling the demand for automotive and consumer goods, thus propelling industrialization. The high use of metals over the last couple of years has further surged the consumption of paints and coatings as these are basically employed for protecting machine and equipment from corrosion and rusting in industries.
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Decorative and architectural paints and coatings are mainly used on exterior and interior walls of corporate buildings and houses. The industrial and commercial sectors are likely to witness excessive demand for paints and coatings over the coming years. Waterborne paints and coatings are expected to surface as one of the most consumed segment of paints and coatings. In terms of region, the market has been segmented into North America, China, Europe, Southeast Asia, Japan, and India. Rising applications of nanocoatings and development of innovative of green coatings is expected to leverage the market growth in Asian countries, North America, and Europe.
Tilting consumer preferences towards aesthetically sound surroundings and high disposable income is anticipated to emerge as benefiting facets for the global paints and coatings market. The leading companies in the market are Akzo Nobel, PPG Industries, Henkel, Nippon Paint, BASF, Sherwin Williams, DOW, Benjamin Moore, Brillux, Berger Paints, Asian Paints, Caparol, Dulux, Kansai Paint, Valspar Paint, and 3M among others.
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