Research and Markets has released a new market report titled, Paints & Coatings Market Research Report − Global Forecast to 2027. According to the report, the global paints and coatings market size was estimated at $148.06 billion in 2021, $158.94 billion in 2022, and is projected to grow at a CAGR of 7.63% to reach $230.27 billion by 2027.
The report provides market sizing and forecasts across seven major currencies – USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.
Market Segmentation and Coverage
The report studies products across powder, solvent-based, and water-based; resins across acrylic, alkyd, epoxy, polyester, and polyurethane; and the end users, both architectural and industrial. The architectural end user is further studied across non-residential and residential applications, while the residential is further studied across new construction, and remodel and repaint applications. The industrial end user is further studied across aerospace, automotive, general industrial, marine, packaging, and rail. The report is also based on region, studied across Americas, Asia-Pacific, and Europe, Middle East, and Africa. Each region is then further broken down into smaller regions as applicable.
Cumulative Impact of COVID-19
The report delivers insights on COVID-19, considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.
Cumulative Impact of 2022 Russia Ukraine Conflict
The publisher continuously monitors and updates reports on political and economic uncertainty due to the Russian invasion of Ukraine. This report uncovers the impact of demand and supply, pricing variants, strategic uptake of vendors, and recommendations for the paints and coatings market considering the current update on the conflict and its global response.
Competitive Strategic Window
The Competitive Strategic Window analyzes the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research and development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix
The FPNV Positioning Matrix evaluates and categorizes the vendors in the paints and coatings market based on business strategy (business growth, industry coverage, financial viability, and channel support) and product satisfaction (value for money, ease of use, product features, and customer support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. The report provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section delivers valuable thoughts at the different stages, while keeping up-to-date with the business and engaging stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into merger and acquisition; agreement, collaboration, andpartnership; new product launch and enhancement; investment and funding; and award, recognition, and expansion.
Company Usability Profiles
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the global paints and coatings market, including Akzo Nobel N.V., Asian Paints Limited, Axalta Coating Systems Ltd., BASF SE, Beckers Group, Berger Paints Ltd., Diamond Vogel Paint Company, Hempel A/S, Henkel AG & Co. KGaA, Indigo Paints Ltd., Jotun A/S, Kansai Paint Co.,Ltd., Kelly-Moore Paints, Masco Corporation, Nippon Paint Holdings Co., Ltd., PPG Industries, Inc., RPM International Inc., Shalimar Paints, SKK(S) Pte. Ltd., The Sherwin-Williams Company, Tiger Coatings GmbH & Co. KG, Tikkurila Oyj, and Vista Paint Corporation.
The report answers questions such as:
- What is the market size and forecast of the global paints and coatings market?
- What are the inhibiting factors and impact of COVID-19 on the global paints and coatings market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the global paints and coatings market?
- What is the competitive strategic window for opportunities in the global paints and coatings market?
- What are the technology trends and regulatory frameworks in the global paints and coatings market?
- What is the market share of the leading vendors in the global paints and coatings market?
- What modes and strategic moves are considered suitable for entering the global paints and coatings market?
The full report can be accessed here.