The global paints and coatings market report provides an in-depth study of the market dynamics such as drivers, restraints, opportunities, and the current market scenario. The paints and coatings market report also focuses on the subjective aspect of the industry. Furthermore, the study takes in the key findings, in regards to market overview and investment opportunities. At the same time, the report also encompasses the competitive landscape including comprehensive profiles of the major frontrunners in the industry. The leading players are considered based on their revenue size, product portfolio, market share, key marketing stratagems, and overall contribution to the market growth.
Advancements in paint and coating technology is expected to offer growth opportunities for the paints and coatings market. Technological advancements in the development of coalescing solvents for waterborne resins, such as core- shell technology, latent cross-linking, and 1K technologies to modify, improve, and protect the surface properties of materials in severe conditions or aggressive environments provide lucrative opportunities for the paints and coatings market growth.
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However, the paints and coatings sector is highly influenced by the price of raw materials and commodities. Price volatility is an obstacle, which is removed by increase in the cost for customers. Rise in crude oil prices, labor costs, fluctuation in raw material costs, and increase in supply-demand gap leads to high cost of paints and coatings. Thus, the rise in cost hampers the market growth.
The global paints and coatings market is analyzed on the basis of type, application, end user, and region. Based on type, the market is divided into Epoxy, Acrylic, Alkyd, Polyurethane, Polyester and others. By application, the report categorizes the market into Architectural, Automotive, Aerospace and others. By end user, the market is classified into Building & Construction, Healthcare & Medical Devices and others. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The region across North America is classified into the U.S, Canada, and Mexico. Europe includes countries such as Germany, the UK, France, Italy, Spain, and rest of Europe. At the same time, Asia-Pacific covers countries such as Japan, China, South Korea, India, and rest of Asia-Pacific. Finally, LAMEA is segmented into Latin America, the Middle East, and Africa
Some ruling enterprises in the global paints and coatings market are examined in the report along with the citation of innovative product launches by them, their collaborative undertakings & endeavors, several merges & acquisitions, and many more. The frontrunners operating in the global paints and coatings industry include BASF SE, Akzonobel N.V., PPG Industries, RPM International Inc., The Sherwin-Williams Company.
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COVID-19 impact analysis
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The paints and coatings market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the paints and coatings market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the paints and coatings market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
Major Inclusions-
- Qualitative as well as quantitative assessment of the market on the basis of the detailed categorization involving both the economic and non-economic factors.
- Analysis at country and regional level, which portrays the share of the product or service in different regions.
- Elaborative company profiles section, which provides different pointers such as key executives, business enactment, company overview, product/service portfolio, R&D expenditure, current scenario, and prime strategies of the key market players.
- The forecasted market outlook of the paints and coatings market based on recent developments, which incorporate the analysis of drivers, market trends, and growth opportunities.
- The COVID-19 impact on the paints and coatings market
- Post-sales support and free customization
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