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Press release content from Wired Release. The AP news staff was not involved in its creation.

Paints and Coatings Market Size 2020 Update | Global Industry Expected to Rise with 6.2% CAGR Forecast till 2026

January 26, 2020 GMT

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

Dunn-Edwards Corporation

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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.

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