What is the coating market?
The global industrial coatings market size was estimated at USD 81.52 billion in 2019 and is expected to reach USD 83.16 billion in 2020….
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 83.2 billion |
| Revenue forecast in 2027 | USD 101.9 billion |
| Growth rate | CAGR of 3.0% from 2020 to 2027 |
What is an industrial coating?
Industrial coatings are essentially a type of paint that is applied on various derivatives like concrete or steel. It’s caked on in a way that is designed to be both aesthetic as well as protective.
How big is the house painting market?
House Painting & Decorating Contractors in the US – Market Size 2003–2027
| $20.6bn | House Painting & Decorating Contractors in the US Market Size in 2021 |
|---|---|
| 4.7% | House Painting & Decorating Contractors in the US Annualized Market Size Growth 2016–2021 |
How big is the paint market?
The global market volume of paint and coatings amounted to nearly ten billion gallons in 2019. By 2025, the global paint and coatings industry is expected to be valued at some 179 billion dollars.
Which is the largest market for paint and coatings?
The region’s commanding share of the market is expected to expand even further, driven by the continued population growth and urbanization in China and India.
Who are the top 10 paint companies in the world?
Top 10 Paint & Coating Companies in the World 1 PPG Industries, Inc.: 2 USD 15.4 billion 3 Akzo Nobel N.V.: 4 USD 10.6 billion 5 Nippon Paint Holdings Co., Ltd.: 6 RPM International Inc.: 7 USD 5.56 billion 8 Axalta Coating Systems Ltd.: 9 Kansai Paint Co., Ltd.: 10 USD 3.96 billion
Who are the major players in the Global Paint and coatings industry?
Key players for the global paint & coatings include BASF SE, PPG Industries, Sherwin-Williams Company, AkzoNobel, Axalta Coating System, Valspar Corporation, RPM International Inc., Nippon Paint Holdings and Jotun Group. The acquisition of BASF’s industrial coats by AkzoNobel in December 2016 was one of the major initiatives in the industry.
How big is the paint market in the world?
Global Paint market was valued at 1 47 Billion US$ in 2018 and is projected to reach 201 Billion US$ by 2024, at a CAGR of 5.36% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2024 as the forecast period to estimate the market size for Paint.