According to the report, the market for coatings is benefiting from development in private spaces. The growing worldwide population and the rising nuclear family increase the demand for new homes, which further generates demand for paints and coatings. The growing market for automobiles and consumer goods is also driving market growth of the paints and coatings industry. Fast industrial development, accumulative interest in home interior among individuals and increasing end-use industries are driving market growth in the global paints and coatings industry.

Analyzed according to region, the report states that APAC is leading the global market for paints and coatings, followed by North America and Europe. Construction of new offices and houses is booming in the developing countries of Eastern Europe, the Middle East, Asia-Pacific and Latin America, and this is projected to rise in the near future. Rising population, growing development and increase in per capita income are fueling growth in the market for paints and coatings.

For more information on the report, visit http://www.persistencemarketresearch.com/market-research/paints-coatings-market.asp.