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Paint and Coatings Market report outlook
The Paints and Coatings Market is an established market and is an ever progressing sector. Manufacturers working on new formulations and computerized methods of mixing paints has made a noticeable advancement in the Paint Industry.
The availability and versatility of Paints and Coatings in the industry have boosted the market, modern specification and alternatives introduced protective paints and coating systems.
Anti-corrosion and Anti-abrasive coatings, waterproof coatings, duplex coatings are all trending both in Architectural, Automotive and Industrial Applications.
Paints with different patterns and shades, primer based paints and outdoor resistance paints are new products upcoming to please the consumers.
The scope of OG Analysis report is to present Paints and Coatings market based on segmentation by High Solids, Powder, Waterborne, Solvent-borne Product types, by Acrylic, Alkyd, Polyurethane, Epoxy & Polyesters Materials used, by the wide range of applications and region wise.
• North America
• Europe
• Asia-Pacific
• South and Central America
• ROW
Paint and Coatings market size, price & production:
The Qualitative and Quantitative Paints and Coatings Market value is estimated to report a year-on-year increase of 6.08% during 2019 over 2018. The demand for increased production of Paints and Coatings is mainly contributed by developing countries as a result of population thickening.
Paint and Coatings market analysis & demand:
The Paints and Coatings Market is led by the construction companies, automotive industries, marine works, protective applications and chemical facilities spread all over the world. Acrylic, Synthetic resin based formulated paints are commonly preferred in many demanding applications.
The Urbanization and Industrial development of countries in Asia-Pacific like India and China contribute significantly to the growth of Paints and Coatings Market for the coming years.
Manufactures established in the regions of North America, Europe and Australia are investing more in innovative and eco-friendly formulations and Compositions of Paints and Coatings and driving the market incessantly.
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Key players:
• BASF SE
• PPG Industries
• Sherwin-Williams Company
• AkzoNobel
• Axalta Coating System
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