Los Angeles, CA -- (SBWire) -- 06/27/2019 --Paint is defined as a paints material in liquid or solid which when spread on a surface adheres and hardens forms a film that protect, decorated or add a specific feature to the surface on which it is deposited.

The paint & coating industry concentration is not high; there are many manufacturers in global and high-end products are mainly from America and Europe. The global paint & coating market will reach about 54346 K MT in 2018 from 43517 K MT in 2013. The average growth rate is about 4.54% during 2013-2018. Paint & coatinging production mainly focuses on China, taking about 39.59% of global market in 2017, followed by the Europe with about 19.10% share. Other regions keep growth rate about 7.77%.The main market players are PPG, AkzoNobel, Henkel, Sherwin-Williams and Valspar.

Due to the impact of raw material prices, prices of paint & coating keep decreasing, although during this period increased slightly, but still cannot change the overall downward trend in prices, the average price from 3338 USD / MT in 2013 reduced to 3291 USD / MT in 2018.

The global Paints and Coatings market was 178900 million US$ in 2018 and is expected to 242700 million US$ by the end of 2025, growing at a CAGR of 4.5% between 2019 and 2025.

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This report studies the Paints and Coatings market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Paints and Coatings in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

PPG

AkzoNobel

Henkel

Sherwin-Williams

Valspar

RPM International

Axalta

BASF

Kansai Paint

Sika

3M

Asian Paints

By the product type, the market is primarily split into

Water-Based Paint

Solvent-Based Paint

Powder Paint

Others

By the end users/application, this report covers the following segments

Architectural

Traffic

Wood

Industrial Equipment

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