Market Highlights: The continuous growth in industrial development, favorable government regulations for environment friendly paints and coatings and increasing global infrastructure will lead to drive the global paints and coatings market. Moreover, since the larger underdeveloped countries are available in the market with lack of construction, thus, the overall paints as well as coatings market will grow at a significant rate in the forecasting years. In addition to this, introduction to automated painting and coating machineries will further fuel the demand for global paints and coatings market. The market study is being classified, by Application (Architectural, Protective and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Paints and Coatings are AkzoNobel N.V. (Netherlands), PPG Industries (United States), Axalta Coatings Systems (United States), BASF Coatings GmbH (Germany), The Sherwin-Williams Company (United States), Nippon Paint Holdings Co.Ltd. (Japan), Asian Paints (India), Kansai Paint Co. Ltd. (Japan), Jotun A/S (Norway) and RPM International (United States).
On January 7th, 2019, PPG has announced that it has reached an agreement to acquire automotive coatings manufacturer Hemmelrath. The transaction is expected to close in the first half of 2019, subject to customary closing conditions. Financial terms were not yet disclosed.
Key Questions Answered in the Report What will the Paints and Coatings Market size and the growth rate be in Future? What are the key factors driving the Paints and Coatings Market? What are the key market trends and macro-economic impacting the growth of the Paints and Coatings Market? What are the challenges to market growth? Who are the key vendors in the Paints and Coatings Market? What are the market opportunities and threats faced by the vendors in the Paints and Coatings Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Paints and Coatings Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Paints and Coatings market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Paints and Coatings market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Paints and Coatings Manufacturers, Paint and Coating Distributors, Traders and other Stakeholders, Major End-Users of Paints and Coatings, Industry Associations related to Paints and Coatings, Government Bodies including Policy Makers and Regulating Authorities, Market Research and Consulting Firms and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.