Paints and Coatings Market Demand Industry Overview:
The “Paints and Coatings Market Demand” study provides comprehensive information on the market’s future development. This report identifies major trends that are influencing the growth of the Paints and Coatings market. The COVID-19 focus is also covered in the paper, as well as how the pandemic has slowed market growth and created incredible opportunities for those on the lookout. With the help of manufacturers, providers, merchants, and industry experts, a complete understanding of the Paints and Coatings market Demand is revealed in this study.
According to the World Paints and Coatings Industry Association (WPCIA), worldwide paint consumption reached 37.27 million tonnes in 2015, or USD 128.23 billion in sales value, representing a 3.5 percent increase over the previous year.
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Paints and coatings are used in a variety of industries, including construction, automotive, marine, and others, to protect surfaces from corrosion and UV rays while also adding an aesthetic touch. Because of the significant expansion of these industries in developing countries, paints and coatings are likely to see the most growth in the automotive and industrial sectors.
Some of the Top companies Influencing in this Paints and Coatings Market Demand include:
Akzo Nobel N.V. (Netherlands), PPG Industries, Inc. (U.S.), Axalta Coating Systems LLC (U.S.), Nippon Paint Holdings Co., Ltd. (Japan), BASF SE (Germany), Asian Paints Limited (India), Kansai Paints Co., Ltd. (Japan), Berger Paints India Limited (India), Shalimar Paints (India), and RPM International Inc. (U.S.).
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