COVID-19: Paints And Coatings Market (2020-2024)- Roadmap for Recovery | The Growth Of Automotive Industry to Boost the Market Growth
September 10, 2020
Technavio has been monitoring the paints and coatings market and it is poised to grow by USD 50.53 bn during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Paints and Coatings Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
What are the major trends in the market? The growing adoption of UV-curable coatings is a major trend driving the growth of the market.
At what rate is the market projected to grow? The year-over-year growth for 2020 is estimated at 5.29% and the incremental growth of the market is anticipated to be $ 50.53 bn.
Who are the top players in the market? 3M Co., Akzo Nobel NV, BASF SE, Henkel AG & Co. KGaA, Jotun AS, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, and The Sherwin-Williams Co., are some of the major market participants.
What is the key market driver? The growth of the automotive industry is one of the major factors driving the market.
How big is the APAC market? The APAC region will contribute 52% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Akzo Nobel NV, BASF SE, Henkel AG & Co. KGaA, Jotun AS, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, and The Sherwin-Williams Co., are some of the major market participants. The growth of the automotive industry will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Paints and Coatings Market 2020-2024: Segmentation
Paints and Coatings Market is segmented as below:
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Paints and Coatings Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The paints and coatings market report covers the following areas:
Paints and Coatings Market Size
Paints and Coatings Market Trends
Paints and Coatings Market Industry Analysis
This study identifies growing adoption of UV-curable coatings as one of the prime reasons driving the paints and coatings market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Paints and Coatings Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist paints and coatings market growth during the next five years
Estimation of the paints and coatings market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the paints and coatings market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of paints and coatings market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Value chain analysis
Market segmentation analysis
PART 04: MARKET SIZING
Market sizing 2019
Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 06: MARKET SEGMENTATION BY RESIN TYPE
Market segmentation by resin type
Comparison by resin type
Acrylic resins – Market size and forecast 2019-2024
Epoxy resins – Market size and forecast 2019-2024
Alkyd resins – Market size and forecast 2019-2024
Polyurethane resins – Market size and forecast 2019-2024
Others – Market size and forecast 2019-2024
Market opportunity by resin type
PART 07: MARKET SEGMENTATION BY TECHNOLOGY
Market segmentation by technology
Comparison by technology
Water-based – Market size and forecast 2019-2024
Solvent-based – Market size and forecast 2019-2024
Others – Market size and forecast 2019-2024
Market opportunity by technology
PART 08: MARKET SEGMENTATION BY APPLICATION
Market segmentation by application
Comparison by application
Architectural – Market size and forecast 2019-2024
Industrial – Market size and forecast 2019-2024
Market opportunity by application
PART 09: CUSTOMER LANDSCAPE
PART 10: GEOGRAPHIC LANDSCAPE
APAC – Market size and forecast 2019-2024
Europe – Market size and forecast 2019-2024
North America – Market size and forecast 2019-2024
MEA – Market size and forecast 2019-2024
South America – Market size and forecast 2019-2024
Key leading countries
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
Growing adoption of UV-curable coatings
Implementation of solar reflective coatings
Increasing focus on bio-based and eco-friendly products
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
Market positioning of vendors
Akzo Nobel NV
Henkel AG & Co. KGaA
Nippon Paint Holdings Co. Ltd.
PPG Industries Inc.
RPM International Inc.
The Sherwin-Williams Co.
PART 16: APPENDIX
List of abbreviations
Definition of market positioning of vendors
PART 17: EXPLORE TECHNAVIO
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200910005117/en/