Dyes & Chemicals | News & Insights

Paints & Coatings Market worth $227.5 billion by 2029

Published: December 5, 2024
Author: TEXTILE VALUE CHAIN
The report “Paints & Coatings Market by Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Fluoropolymer, Vinyl, Polyester), Technology (Waterborne Coatings, Solvent-borne Coatings, Powder Coatings), End Use (Architectural, Industrial), Region – Global Forecast to 2029″, is projected to reach a market size of USD 227.5 billion by 2029 from USD 194.5 billion in 2024, at a CAGR of 3.2%. The Asia pacific is one of the prominent consumers of paints & coatings across the globe. Currently, the requirement for paints & coatings is growing tremendously for automotive, packaging, construction, electronics, and others. The growth of the emerging economies as China, India, Brazil and Mexico among others contribute significantly for the development of the global paints & coatings market.
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•  592 Market data Tables
•  67 Figures
•  453 Pages and in-depth TOC on Paints & Coatings Market – Global Forecast to 2029″
 
Some of the prominent key players are:
  • Akzo Nobel N.V. (Netherlands),
  • PPG Industries Inc. (US),
  • The Sherwin-Williams Company (US),
  • Axalta Coating Systems LLC. (US),
  • Jotun A/S (Norway) and many more….

Opportunity: Increasing applications of fluoropolymers in the building & construction industry

Fluoropolymers are being used in the building and construction sector more and more. Fluoropolymers, such as polyvin/lidene difluoride (PVDF), are utilized in architectural and industrial coatings in the building and construction sector. PVDF is employed in architectural applications where long-term substrate protection and outstanding appearance are required. Because it can be formed into solvent dispersion coatings and has sufficient solubility in ester and ketone solvents, PVDF is the most desirable fluoropolymer.

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