Inclination towards Aesthetic Beauty of Structures to Propel Demand for Paints and Coatings

Published Date : May 15, 2017

ALBANY, New York, May 15, 2017: has stated the addition of a new market research report to its report repository. The research publication is titled, “Global Paint And Coatings Market Research Report 2017.” 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 robust speed of industrial development and growing interest of consumers towards architecture is expected to drive the growth of the global paints and coatings market over the forecast period. Owing to the incessantly growing global population, there are untapped markets and lucrative growth opportunities in emerging economies. The manufacturers of paints and coatings can capitalize on these opportunities in the coming years. As a result of the progressing buildings and construction industry, the demand for construction products, including coatings and paints has also increased exponentially.  The rising use of metals has also triggered the use of paints and coatings in order to protect things made using metal from rusting and corrosion. In terms of consumer goods, paints and coatings serve their duty of keeping products corrosion free and make them look attractive at the same time. Decorative and architectural coatings and paints are generally applied on the exterior and interior of corporate buildings and houses.

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Paints and coatings also have applications in industries and are thus known as industrial coatings and paints. It is used in consumer goods, automotive, and machinery manufacturing. With exploding population and the trend of nuclear families gaining pace, the demand for new houses is also rising. Thus, in turn, it is creating an exponential demand for paints and coatings as well. The global paints and coatings market is also likely to be propelled by the burgeoning demand for automobiles and consumer goods.

The global market for paints and coatings is further expected to be benefitted by strict environmental regulations, durable coatings and paints with better aesthetics and performance, technological advancements, and growth of the end-use industries such as furniture, architecture, automotive, and appliances. Manufacturers can benefit from the opportunities arising from the booming building and construction industry, opportunities in untapped market in emerging economies, and growing automotive industry in the Middle East and Asia Pacific.

The regions covered in the report are India, Japan, China, Southeast Asia, Europe, and North America. The top drawer companies in the global paints and coatings market are PPG, Nippon Paint, Kansai Paint, BASF, Valspar, Axalta, Akzo Nobel, Chugoku Marine Paint, Hempel, and Sherwin-Williams.

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