The global Paint and Varnish market was valued at US$ 3361.3 million in 2020 and it is expected to reach US$ 5080.2 million by the end of 2027, growing at a CAGR of 5.6% during 2021-2027.
Paint is a substance used as the final finish to all surfaces and as a coating to protect or decorate the surface. Paint is a pigmented opaque material that completely covers and hides the surface to which it is applied. Paint is available in oil-based and water-based formulae.
Some of the major factors leading to a substantial rise in demand for paints and varnishes on a global front include the surge in construction and infrastructure development projects in developing parts of the globe and the rising demand for specialty paints and varnishes in the automobiles sector. The rising consumer awareness regarding the presence of VOCs in paints and varnishes is expected to an increased demand for safer products in the market in the coming years.
Global Paint and Varnish Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Paint and Varnish Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Akzonobel, PPG, SHERWIN-WILLIAMS, DowDuPont, BASF, RPM, DIAMOND Paint, VALSPAR, SACAL, NIPPON Paint, Hempel, AL-JAZEERA, Oasis Amercoat, Saveto, Paintco, Colors Est and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
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Segment by Type
- Vinyl and acrylic polymer based paints and varnishes (aqueous)
- Other polymer based paints and varnishes (aqueous)
- Polyester based paints and varnishes (non-aqueous)
- Vinyl and acrylic polymer based paints and varnishes (non-aqueous)
- Other polymer based paints and varnishes (non-aqueous)
- Other paints and varnishes
Segment by Application
- Residential
- Commercial
- Others
Table of Content:
1 Paint and Varnish Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Paint and Varnish Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Paint and Varnish Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
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