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Paints and Coatings | Quantitative Market Analysis, Current and Future Trends

United States, 23 November 2017 -- The global paints and coatings market is expected to increase from $128,228.5 million in 2014, and reach up to $173,048.2 million by 2020, with a CAGR of 5.2% during 2015-2020. In terms of volume, the global paints and coatings market is expected to increase from 37,273.7 million kilograms in 2014, to 46,697.4 million kilograms, by 2020.

The global paints and coatings market is expected to increase from $128,228.5 million in 2014, and reach up to $173,048.2 million by 2020, with a CAGR of 5.2% during 2015-2020. In terms of volume, the global paints and coatings market is expected to increase from 37,273.7 million kilograms in 2014, to 46,697.4 million kilograms, by 2020.

Explore report description with detailed TOC: https://www.psmarketresearch.com/market-analysis/paints-and-coatings-market

The global paints and coatings market is mainly driven by advancements in the end user industries of paints and coatings. Car ownership ratio is high in developed countries, as most of the consumers use personal transportation for travelling. It has been observed that in Eastern Europe and Arab countries, there is a considerable growth in the passenger car ownership. In Europe, Germany has the highest number of commercial vehicles, and is also a logistics hub of Europe.

Asia-Pacific led the global paints and coatings market in 2014, in terms of value and volume, and is expected to maintain its dominance during the forecast period. The Asia-Pacific paints and coatings market is expected to grow with the fastest CAGR, 6.4% in terms of value and 5.2% in terms of volume, within the forecast period. The Asia-Pacific paints and coatings market dominance is due to increasing infrastructural development in the region. The infrastructure development in the Asia-Pacific region is due to the availability of debt, and Asia’s increasing trade relations with other regions and private sector involvement, such as Build Own and Operate (BOO), Build Operate-Transfer (BOT), Build Operate and Lease (BOL), and Public Private Partnership (PPP). This will support the growth of the paints and coatings market in the region.

Request For Sample Pages: https://www.psmarketresearch.com/market-analysis/paints-and-coatings-market/report-sample

The information and data in the publication “Global Paints and Coatings Market Size, Share, Development, Growth and Demand Forecast to 2020” represent the research and analysis of data from various primary and secondary sources. P&S Market Research analysts and consultants interact with leading companies of the concerned domain to substantiate every value of data, presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, followed by informed and detailed online and offline research.

The major companies operating in the global paints and coatings market include PPG Industries Inc., The Sherwin-Williams Company, RPM International Inc., The Valspar Corporation, Akzo Nobel N.V., Kansai Paint Co. Ltd., Axalta Coating Systems Ltd., Henkel AG & Co. KGaA, BASF SE, and Asian Paints Limited.

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Submitted by Jacob, P&S Market Research on Thursday, 23 November 2017 at 12:43 PM
Category: News & Media
 
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