Vibrant Insights: Global Paints and Coatings Market Analysis

1. Paints and Coatings Market: Will Reach USD 238,8 Billion by 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved

2. Paints and coatings are beneficial to the substrate because they may beautify and protect a surface. They improve the surface's durability when utilized for decoration. They also protect the surface against corrosive substances, corrosion, and chemical exposure. Paints and coatings can also provide specific features, such as flame retardancy, anti-fouling, and anti-microbial properties, for certain purposes. By 2030, the market for paints and coatings is predicted to grow to USD 238.8 billion, according to P&S Intelligence. The expansion is attributed to an increase in product utilization in the building, general industrial, and automobile industries. This is because it is anticipated that emerging nations' quick urbanization and industrialization will spur demand for products for a variety of uses. Due to the growing population and accelerated rate of urbanization, the construction sector is expanding rapidly in the U.S., Sweden, India, China, Australia, Canada, and the U.K. Between 2022 and 2030, China's already-dominant construction industry is predicted to experience tremendous growth. The need for decorative coatings is being driven by this expansion of the building sector. Governments from a number of nations are also contributing to the creation and advancement of infrastructure. The 14th Five-Year Plan of China includes such measures to integrate cutting-edge technologies into the building and construction process. The administration is expected to give priority to infrastructure for energy and transportation, with a focus on enhancing connectivity inside metropolitan clusters. To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/paints-and- coatings-market/report-sample The creation of nanotechnology has completely changed how paints and coatings are made. Key companies have used this technique to manufacture nano paints and coatings with superior properties like water/dirt repulsion, microbiological resistance, and scratch resistance in addition to generating zero- or low-VOC formulations. Additionally, as a result of this, ceramics and metals have been added to various formulations in the form of free powders, granules, and particles, which are subsequently mixed into the matrix of the finished product. Some recently discovered nanotechnology-based formulations even transmit 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved

3. electricity, provide UV protection, and have self-healing capabilities. In addition to these, they have great resistance to corrosion and rust. Because of this, it is anticipated that the adoption of such cutting-edge technology would present growth prospects for firms operating in the paints and coatings industry. Water-borne coatings are expected to have the highest share in 2022, accounting for around 47%, thanks to their expanding application in the printing inks, furniture, plastic, automotive, and furniture industries. Inquire before purchase@ https://www.psmarketresearch.com/send- enquiry?enquiry-url=paints-and-coatings-market Due to the cost-effectiveness and excellent adhesion capabilities of these materials, the demand for these versions will also continue to expand, which will benefit various vehicle and furniture makers. The powder category will expand at a 6% annual pace. Because powder coat coatings are resistant to corrosion, chemicals, abrasion, and detergents, the primary application areas for these alternatives are important vehicle, engine, and industrial machinery parts. The research offers market size of the paints and coatings market for the period 2017–2030. Market Segmentation by Technology Water-Borne Solvent-Borne High Solids Powder Coatings Ultraviolet (UV) Market Segmentation by Formulation Acrylic Polyester Polyurethane Epoxy Others Market Segmentation by Application Architectural Coatings • • • • • • • • • • • oResidential oNon-residential Industrial Coatings • oAutomotive original equipment manufacturer (OEM) coatings 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved

4. oWood finishes oPowder coatings oCoil coatings oPackaging finishes oGeneral industrial finishes oOther transportation coatings Special Coatings • oAutomotive refinish coatings oProtective coatings oMarine coatings Market Segmentation by Region North America Paints and Coatings Market • oBy technology oBy formulation oBy application oBy country – U.S. and Canada U.S. paints and coatings market By technology By formulation By application Europe Paints and Coatings Market ▪ ▪ ▪ ▪ • oBy technology oBy formulation oBy application oBy country – Germany, Russia, Italy, U.K., Turkey, France, Spain, Poland, and Rest of Europe Germany paints and coatings market By technology By formulation By application Asia-Pacific (APAC) Paints and Coatings Market ▪ ▪ ▪ ▪ • oBy technology oBy formulation oBy application oBy country – China, India, Japan, South Korea, and Rest of APAC China paints and coatings market ▪ 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved

5. By technology By formulation By application India paints and coatings market By technology By formulation By application Latin America (LATAM) Paints and Coatings Market ▪ ▪ ▪ ▪ ▪ ▪ ▪ • oBy technology oBy formulation oBy application oBy country – Brazil, Mexico, Argentina, Colombia, and Rest of LATAM Brazil paints and coatings market By technology By formulation By application Middle East and Africa (MEA) Paints and Coatings Market ▪ ▪ ▪ ▪ • oBy technology oBy formulation oBy application oBy country – Saudi Arabia, U.A.E., South Africa, Iran, and Rest of MEA 5 © Prescient & Strategic Intelligence Private Limited. All rights reserved

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