Tuesday, 27 May 2014

According to a new report published by Transparency Market Research "Paints and Coatings Market by Product Segment (High Solids/Radiation Cure, Powder Coatings, Waterborne Coatings, Solvent Borne Technologies and Others) For Automotives & Aviation, Medical & Healthcare, Residential, Commercial and Other End-users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", the global demand for the paints and coatings was valued at USD 100.3 billion in 2012 and is expected to reach USD 143.9 billion in 2019, growing at a CAGR of 5.4% between 2013 and 2019.

Browse Global Paints and Coatings Market Report with Full TOC at http://www.transparencymarketresearch.com/Paints-coatings-market.html

Huge building & construction industry coupled with growing manufacturing activities in Asia Pacific has been driving the paints and coatings market. The development of construction industry in the Middle East, North Africa and South America is likely to be one of the key factors driving the demand for paints and coatings over the next few years. However, stringent environmental regulations for paints and coatings industry, especially in Europe are expected to restrain the growth of the market in the upcoming years. Although, increasing demand for green coatings and nanocoatings are expected to open opportunities for the growth of the market over the next few years.

Waterborne coatings were the most widely consumed paints and coatings and accounted for around 40% of the global demand in 2012. The demand for waterborne coatings was more owing to rise in demand from residential, commercial and automotives & aviation end-users. Solvent borne technologies are likely to lose market share owing to various regulations associated with it regarding VOCs. However, powder coatings are expected to show the fastest growth over the next few years owing to their rising demand from automotive & aviation, electronics, and construction industries.

Residential buildings were the largest end-user for paints and coatings in 2012. The paints and coatings are being widely used in architectural coatings and decorative purposes. Commercial buildings were the second largest end-user for paints and coatings and are likely to show similar growth in the next few years.

Browse all Chemical & Materials Market Research Reports @ http://www.transparencymarketresearch.com/chemical-market-reports-2.html

Asia Pacific dominated the paints and coatings market in 2012 followed by Europe owing to the growth of automotives & aviation industry. The RoW is expected to witness the highest growth within the forecast period on account of growing automotives & aviation and residential and commercial industries. The demand for paints and coatings in The RoW is expected to grow at a CAGR of 5.8% between 2013 and 2019.

About Us

The report gives a comprehensive view of the paints and coatings market in terms of volume and revenue. In addition, the report includes current demand analysis and forecast for each product and application in North America, Europe, Asia Pacificand Rest of the World.
Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.
We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. 

Transparency Market Research
90 State Street,
Suite 700,
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453


Post a Comment