Vantage Market Research | 16 Jan 2022
Paints and Coatings Market Expected to Reach USD 204.57 Billion by 2028
According to our recent report, the Paints and Coatings market is expected to reach USD 204.57 Billion billion by 2028, growing at a CAGR 4.2% of between 2022 and 2028. The increasing application in end-use industries such as architectural, protective, and automotive as well as transportation is fuelling paints and coatings market growth.
Key Findings:
Some of the key players operating in the Global Paints & Coatings Market include - Braskem S.A (Brazil), Axalta Coating Systems Ltd (U.S.), and Akzo Nobel N.V (Netherlands) .
Paints and coatings that are sold by companies like PPG Industries, Asian Paints, Sherwin-Williams, AkzoNobel, and others are marketed and promoted with years of guarantee against corrosion, mostly as a result of improvements in the performance of coatings. Additionally, with improving performance, players in the market are introducing new and innovative products and solutions in the market that are environment friendly and fuelling the market growth. China is one of the largest countries, in terms of shipbuilding and shipping. China has contributed to the shipbuilding with pipeline industries in powder coating. The technology in powder coatings is improving for the pipeline industry. In the shipbuilding industry, the usage of plastic tubes is rising in sectors such as chemical, textile, electronics, petrochemical, healthcare, pharmaceutical, and urban construction.
is anticipated to have a higher market share. The growth in the region is driven by rising population coupled with increasing investments in the industrial sector with infrastructural developments in the countries such as China, India, and Indonesia.
Paints and Coatings Market Expected to Reach USD 204.57 Billion by 2028
16 Jan 2022
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Paints and Coatings Market Expected to Reach USD 204.57 Billion by 2028
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