Learn about the global paints and coatings market through The Business Research Company, which provides information on paints and coatings market size, paints and coatings market drivers and restraints, paints and coatings market players, the COVID-19 impact on the paints and coatings market, and more.

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The global paints and coatings market is expected to grow from $199.87 billion in 2020 to $216.9 billion in 2021 at a compound annual growth rate (CAGR) of 8.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $258.45 billion in 2025 at a CAGR of 4%.

There is a rapid growth in consumption of paints and coatings in many industries. Paints and coatings are widely used in the automotive, construction and manufacturing industries. Therefore, growth in end-user industries is expected to drive the paints and coatings market during the forecast period.

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The paints and coatings market consists of the sales of paints and coating by entities (organizations, sole traders or partnerships) that mix pigments, solvents, and binders into paints and other coatings, such as stains, varnishes, lacquers, enamels, shellacs, and water-repellent coatings for concrete and masonry, and/or produce allied paint products, such as putties, paint and varnish removers, paint brush cleaners, and frit.

Global Paints And Coatings Market Segments Include:

By Type: Water Borne Coatings, Solvent Based Coatings, Powder Coatings, Other Paints And Coatings

By Application: Architectural, Automotive, Wood, Packaging, Aerospace, Others

By Type of Resin: Acrylic, Polyurethanes, Polyesters, Epoxy, Alkyd, Others

By Performance Range: Commodity Coating Range, Engineering Coating Range, High-Performance Coating Range

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global paints and coatings market, accounting for 55% of the market in 2020.

Biocides are being used in paints to enhance their longevity and to maintain their quality. Biocide additives have been designed to protect paints from getting damaged during storage or to keep fungi and algae from growing on the applied paints. The market for biocides in paints will continue to grow due to the switch from solvent based to water based paints as they are not hazardous for human health and environment, and minimize fungal and algae growth. However, replacement of traditional biocides based on chlorine and formaldehyde with environmentally friendly biocides add to the costs of paint production.

TBRC’s paints and coatings market report covers:

Major Market Players: PPG Industries Inc, The Sherwin-Williams Company, AkzoNobel N.V, Dow Chemical, RPM International Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Paints And Coatings Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides paints and coatings market overviews, analyses and forecasts market size, share, paints and coatings market players, paints and coatings market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s paints and coatings market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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