According to AMA, the Paint market will register a CAGR of above 5.12% by 2024. The study covers a detailed analysis segmented by key business segments i.e. 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. Research Analyst at AMA predicts that Chinese Vendors will contribute to the maximum growth of Global Paint market throughout the predicted period.
The competition is expected to become even more intense in the coming years with the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Paint market analysis report suggests strategies Vendors can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, including:
- AkzoNobel (Netherlands)
- Nippon (Japan)
- PPG (United States)
- Carpoly (China)
- Kansai (Japan)
- Huarun Paint (China)
- Yips Chemical (Hong Kong)
- BASF (Germany)
- Hempel (Denmark)
- Shanghai Coatings (China)
- Taiho Paint (China)
- Maydos (China)
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make technical up-gradations in the manufacturing process of the product.
Market Trend
Adoption of low solvent technology and Inclination towards Radiation-curable coatings paints
Restraints
- Air pollution regulations against chemicals used in paints
- Adoption of new coating technologies may increase its price
Opportunities
Emergence of high-performance coatings paints and Continuous increment in count of residential and commercial buildings owing to rising population
Key highlights of the Global Paint market Study:
CAGR of the market during the forecast period 2018-2024
Detailed information on factors that will accelerate the growth of the Paint market for the next five years.
Forecast of the Global Paint market size and its contribution to the parent market by type, application and by country.
Insights on upcoming trends and changes in consumer behaviour
Uncovering markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Paint Vendors
Customization in the Report Available:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Paint market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Paint market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturer, Raw material supplier, Distributors/ traders/ dealers, Channel partners, Industry Association, Governments and investment communities and Research organizations and associations.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.