Report Projects CAGR of 5.4% for Global Coatings Market
DUBLIN — Research and Markets has released a new report that predicts the paints and coatings market will register a compound annual growth rate (CAGR) of 5.4%, in terms of value, between 2019 and 2024.
The increasing urban population is a significant factor for the rising demand for building and construction, automotive, and packaging. However, stringent government regulations in the paints and coatings industry are hampering the growth in the solvent-borne coatings market.