Stratview Research has recently published a report on the Paints & Coatings Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.

Paints & Coatings Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Paints & Coatings Market is likely to witness a CAGR of 4.1% during the forecast period to reach USD 228.15 billion in 2028.

What are paints & coatings?

Paints & Coatings include liquid mixture that is a solid pigment in a liquid vehicle. They are used as a decorative or protective coating in the construction industry.

Some of the companies drives the market growth:

• AkzoNobel N.V.
• PPG Industries
• The Sherwin-Williams Company
• Nippon Paint Holding Co. Ltd.
• Axalta Coatings System LLC
• Tikkurila
• Jotun A/S
• RPM International Inc.
• Nippon Paint Holdings Co., Ltd.
• Asian Paints Limited
• BASF Coatings GmbH.

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Region analysis

Asia-Pacific market share is more than 36% in 2021 and is expected to be the largest market share during the forecast period. The high share is attributed to the growing economy and expanding construction industry. Rapid urbanization especially in China and India will augment the regional growth. North America is anticipated to offer significant growth opportunities over the forecast period, with the US being the major country.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

COVID-19 IMPACT

COVID-19 has affected almost every business, irrespective of size, irrespective of region. In the year 2020, the dynamics of the ELECTRIC PRESSURE WASHER Market have shifted dramatically. The consumer climate and business practices have evolved significantly, resulting in numerous process changes that will have long-term consequences.

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