Jan 10, 2018   SOURCE: BusinessWire

Global Top 10 High Growth Paints & Coatings Market 2017-2021 by Coating Type - A Projected $190 Billion Market - Research and Markets

The "Top 10 High Growth Paints & Coatings Market by Coating Type (Elastomeric, Polyurea, UV, Insulation, Ceramic, Automotive, Medical, Silicone, Fluoropolymer, and Epoxy Coatings) - Global Forecast to 2021" report has been added to Research and Markets' offering.

The global paints & coatings market was valued at US$141.58 billion in 2015 and is projected to reach US$190.51 billion by 2021, at a CAGR of 5.07% from 2016 to 2021.

It is primarily driven by the increasing use of waterborne coatings for performance and environmental reasons. The global paints & coatings market is growing due to increased demand from the building & construction industry. The high demand for waterborne coatings has also been driving the architectural coatings market for the past few years. Additionally, increased manufacturing activities in the automotive, chemical, and other commercial industries in Asia-Pacific have been influencing the market for the past few years.

The elastomeric coatings segment accounted for the largest share of the paints & coatings market and is projected to register the highest CAGR of 15.19% between 2016 and 2021, to reach a market size of US$13.51 million by 2021.

The global market size for polyurea coatings is estimated to be US$5.34 billion in 2016 and is projected to witness a CAGR of 10.57%, to reach US$8.93 billion by 2021.

The global market size for insulation coating is estimated to be US$5.66 billion in 2016 and is projected to witness a CAGR of 7.99%, to reach US$8.29 billion by 2021.

The global market size for ceramic coatings is estimated to be US$7.57 billion in 2016 and is projected to witness a CAGR of 7.50,% to reach US$10.87 billion by 2021.

Though the paints & coatings market is gaining importance, factors such as the health and environmental concerns faced due to the release of VOC content in the environment are likely to hamper the growth of the solvent-borne paints & coatings segment, subsequently hindering the growth of the paints & coatings market. Apart from strict regulations, substantial capital and time is invested in the testing phase of paints & coatings, which can act as a constraint for newer players.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Elastomeric Coatings

5 Polyurea Coatings

6 UV Coatings

7 Insulation Coatings

8 Ceramic Coatings

9 Automotive Coating

10 Medical Coatings

11 Silicone Coatings

12 Fluoropolymer Coatings

13 Epoxy Coatings

14 Competitive Landscape

15 Company Profiles

  • Akzonobel N.V.
  • Asian Paints Limited
  • Axalta Coating Systems LLC
  • BASF SE
  • Jotun A/S
  • Nippon Paint
  • PPG Industries, Inc.
  • Progressive Painting Inc.
  • The DOW Chemical Company
  • The Sherwin-Williams Company

For more information about this report visit https://www.researchandmarkets.com/research/rd9pbr/global_top_10?w=4