Pune, India, July 13, 2016/MRFR Press Release/- Market research future published a cooked research report on Paints and coatings market volume is expected to grow at a CAGR of more than 4.5% from 2016 to 2021. Asia-Pacific is accounting for more than 35 % market share and thus is the largest market of paints and coatings in the world. Owing to rapid industrial and infrastructure developments in China, India and Indonesia the Asia Pacific market is expected to grow at a highest CAGR over the forecast period 2016 – 2021.
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The global paints and coatings market is booming, due to developing infrastructure, growing per capita income of the global population, and increasing urbanization. Market Research Future estimated the global construction market over US$ 7.5trillion in 2013, with an annual growth rate of 4.5% over the past 3 years. The emerging markets accounted for approximately 57% of the global market revenye . The construction industry is growing at a faster rate, than the global Gross Domestic Product (GDP). The increasing industrial activities globally are further propelling the growth of the paints and coatings market.
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Rapid infrastructure developments is a key driver of the growth in this market
Rapid infrastructure developments, especially, from the emerging economies such as India, China, Brazil, and Indonesia is one of the prime reasons for the growth in this market. Moreover, improving economic conditions in the developed regions is expected to drive the world paints and coating market.
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The Asia-Pacific is the largest market of Paints and coatings and the consumer awareness,product availability and rising aging pouplation areb the major growth driven factors in this region. India,China,Japan,Austraila are the emerging countries of this region in the paints and coatings market.
North America and Europe also emerging in this market.Increasing disposable income, Growing old age population, increased focus on health and wellness and high incidence of chronic diseases are some of the growth driven factors.
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This report includes a study of strategies, of major market players in the Global Paints and coatings Market including AkzoNobel N.V, PPG Industries Inc., Sherwin-Williams Company, RPM International Inc., Valspar Corporation, Kansai Paint Co. Ltd, Axalta Coating Systems Ltd, Henkel AG & Co., BASF SE, and Asian Paints Limited.
This research report provides detailed insights, into various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenerios & strategies, of the global paints and coatings market, including the high-growth regions, countries and their political, economical and technological environments. Furthermore the project report also provides views over the historic market values as well as, pricing and cost analysis of the same.