Paints and Coatings Market Size 2020 Update | Global Industry Expected to Rise with 6.2% CAGR Forecast till 2026
Pune, Maharashtra, January 26, 2020 (Wired Release) Absolute Reports Pvt. Ltd Paints and coatings are widely used across diverse industries. The product is used in interior as well as exterior parts of all infrastructures. The demand for these products has risen dramatically in recent years. Advances in paints and coatings manufacturing methods have emerged in favor of market growth. The growing construction industry in several countries across the world will aid the growth of the market in the forthcoming years. Increasing the use of the product in public infrastructure projects, coupled with the efforts put in by governments will contribute to the growth of the market.
Some of the other companies that are operating in the market are:
PPG Industries, Inc.
Axalta Coating Systems
Nippon and Kansai (Kansai Paint Co., Ltd.)
Kwality Paints and coatings Pvt. Ltd. (KPCPL)
Kansai Nerolac Paints Limited
The Sherwin-Williams Company
Nippon Paint Holdings Co., Ltd.
RPM International Inc.
S K Kaken Co., Ltd
The report encompasses several factors that have contributed to the growth of the global paints and coatings market in recent years. It highlights major industry developments and gauges the impact of these developments on the market. It analyzes key aspects of the market, with primary focus on leading products, major applications, and leading companies. The competitive landscape has been discussed in detail. Additionally, the report provides forecast values for the market for the period of 2019-2026. Factual figures are obtained through trusted sources. The data provided in this report is gathered through opinions and interviews of world leaders and experienced market research professionals.
Increasing Number of Company Mergers to Aid Growth
Among all factors that have contributed to the growth of the market, mergers and acquisitions have had the highest impact. The increasing number of company mergers and collaborations has, in turn, created several opportunities for the companies operating in the market. In October 2019, Berger Paints completed the acquisition of STP Ltd., a company engaged in the manufacturing of construction material. Through this acquisition, the company will enhance its business across several regions. The report highlights major company mergers of recent times and gauges their impact on the global market.
Browse Summary of This Research: https://www.fortunebusinessinsights.com/industry-reports/paints-and-coatings-market-101947
Key Industry Developments:
April 2019: PPG completed the acquisition of Hemmelrath Lackfabrik GmbH, a company engaged in manufacturing of coating material.
February 2019: AkzoNobel launched a new facility for the production of powdered coatings. The company has invested an estimated €9 million in this facility.
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.