As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The global paints and coatings industry is driven by the rapid growth of the end use industries. With rising population and urbanization, the architecture industry is blooming which is bolstering the paints and coatings market. The shipbuilding and pipeline sectors are also increasing their use of powder coating. Powder coating is also finding its use as plastic pipe in many industries like textile and electronics industries. Acrylic is emerging as the leading resin type segment in the paints and coatings market. This is because of its superior characteristics like high weather resistance, better visual finish, and absorption of ultraviolet rays. Acrylic paints have versatile use, inexpensive price, and are among the least toxic. Acrylic only needs water for thinning and dries quickly. They also have good cohesive strength and anti-corrosion property. All these advantages are fuelling the rapid growth of this paint and coating sector.
The new technological advancements have propelled the paints and coatings industry. The awareness for environment and government regulations have pushed for the new products with minimal ecological damage. PPG Industries Inc. (NYSE: PPG) is one of the key players in paints and coatings industry. On November 23, 2020, PPG announced a new powder coating geared towards wood and wood-composite products. The new powder coating claims to contain no toxic materials while effectively providing a longer life and better appearance to the goods applied. It is also supposed to have low carbon footprint and no volatile organic compound (VOC) emissions. The sustainable and non-polluting products brought by new innovative technologies is expected to provide impetus to the growth of the industry.
Market Analysis by Resin Type, Technology, Applications, and Regions:
Key Findings of the Report:
Key Offerings of the report:
The major players in the global paints and coatings market are PPG Industries Inc., Akzo Nobel N.V., Nippon Paint Holdings Co., Ltd., BASF SE, The Sherwin-Williams Company, RPM International Inc, and Beckers Group, among others. e comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.