AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Paint market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Paint market to grow at a CAGR of 5.12% to aggregate USD208.03 Billion by 2024.
According to AMA research team, the Global Paint market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Booming construction industry and Cumulative applications in various industries like automotive, aerospace, rail and more.
Paint a type of liquid used for painting walls, machinery, vehicles, furniture or other parts with additional benefits of different types of coating that will provide protection according to the applicability in varied sectors for example Household appliances are coated with powder coatings to increase resistance to water, sewage, pollutants, food acids so as to protect it from corrosion. Now-a-days paints come with additional coating facilities to prevent corrosion and damage from weakening plastic or metal part hence improving aesthetics and increase product service life. GCC is mostly used in numerous paints and coatings application to enhance or reduce glossiness as per requirement. Recently low solvent technologies are adopted in the market
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Paint market by Type (Water-based paint, Oil-based paint and Dry paint), by Application (Architectural Paint, Automotive Paint, Wood Paint, Protective Paint, Marine Paint and Other) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market