Deerfield Beach, FL -- (SBWIRE) -- 12/11/2015 -- The Global Paints and Coatings Market accounted for $128.5 billion in 2014 and is expected to reach $196.2 billion by 2022 growing at a CAGR of 5.4% between 2014 and 2022. The factors that are influencing the market growth are huge demand in the construction industry, due to increase in civil construction activities globally, as a result of increased urbanization and healthy economic conditions. The growth in the market is due to advancements in technology and emergence of new manufacturing technologies. The challenging factor for the market is lack of product differentiation in the market.

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Paints and Coatings Market is segmented by type, by technology, by product and by geography. Depending on the various types, market is segmented into Architectural/Decorative Coatings, Industrial OEM Coatings and Special Purpose Coatings. Based on technology, market is classified as Packaging Coatings, Protective Coatings, Powder Coatings, Transportation Refinishes and Wood Finishes. Based on product, market is categorized into High-Solids Paints, Radiation-Curable Coatings, Solvent-borne Coatings and Waterborne Paints. Based on geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific region is the fastest growing segment of the global paints and coatings market. Significant mergers and acquisitions, collaborations, and joint ventures are the industry trends that are playing a major role for the market growth.

The key players in the Paints and Coatings Market include Asian Paints Limited, Axalta Coating Systems, BASF Coatings GmbH, Chugoku Marine Paints, Ltd., Hempel A/S, Kansai Paint Co., Ltd., Nippon Paint Co., Ltd., PPG Industries, Inc., Sherwin-Williams Company and Valspar Corporation.

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This study highlights current dynamics and developments in the Paints and Coatings market. The report incorporates in-depth analysis of the market growth drivers as well as the inhibiting factors in the Paints and Coatings market. The scope of the report covers an extensive evaluation pertaining to the winning imperatives and stakeholder strategies through a presentation of the segmentation of Paints and Coatings market in the report.

The numerous factors stimulating this market have been evaluated in the sections of this report. Along with the regional analysis, the current trends in the Paints and Coatings market, coupled with the reasons behind the development of some unique segments, have additionally been described in this Paints and Coatings market report. The report highlights the competitive landscape by elaborating on the current mergers and acquisitions (M&A), product developments, and venture funding that took place in the Paints and Coatings market in the recent past.

The section pertaining to the company profiles explains the dominance of the key players in the Paints and Coatings market and an evaluation on the major strategies employed by these key players in order to gain a bigger share in the Paints and Coatings market. This will help enhance the understanding on the competitors as well as help in gaining strong insights for strengthening one's position in the Paints and Coatings market.

There are numerous factors that are considered in order to provide the analysis and forecast of the Paints and Coatings market. Some of the factors are technological, political, social, and economic Paints and Coatings market factors. Various analytical tools such as Porter's Five Forces Analysis and Paints and Coatings market SWOT analysis are utilized to analyze the data of the Paints and Coatings market and help provide a better understanding of the market. The data has been presented via charts, tables, and graphics in Paints and Coatings market research report. This visual presentation of the data is very useful in providing a clearer view of the leading applications, end users, and key segments of the Paints and Coatings market.