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Paints And Coatings Market By Product, Material And Application- Global Industry Analysis And Forecast To 2023
Published On : May 2022 Pages : 190 Category: Plastics, Polymers & Resins Report Code : CM05776
SEGMENTS & REGIONS:
- Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa
Industry Outlook and Trend Analysis
The Paints & Coatings Market was worth USD billion in 2017 and is expected to reach approximately USD billion by 2023, while registering itself at a compound annual growth rate (CAGR) of % during the forecast period. The growth is attributable to growing utilization in various end-use industries such as automotive, marine, construction and industrial to be the major ones. Despite the fact the several of these factors are outside the ability to control of coats and glaze formulators, raw material, manufacturers and merchants and marketers, the industry has quickly reacted incredibly to these essential changes in market situations. This has been conceivable attributable to the advent of different imaginative manufacturing procedures and technologies that pushed the business players to in a flash alleviate to various potential negative effects and amplified their chances for carrying development to the decorates & glaze products.
Product Outlook and Trend Analysis
Waterborne formulations were the biggest product fragment which generated income worth of over USD billion in 2017. Water-based coats fragment is anticipated to witness significant development over the estimate time frame inferable from expanding request from a few application divisions including furniture, construction and automobile industries. Solvent-based formulations are the most ordinary ones for manufacturing the completed compositions. Lacquer thinner, aliphatic hydrocarbons, toluene and xylene are the absolute most usually used solvents in the business. The solvent-based product market has experienced a change in outlook because of unfavourable consequences on the environment in view of unstable natural mixes in petrochemical solvents.
Material Type Outlook and Trend Analysis
Acrylic segment was the biggest material section, which was esteemed over USD billion in 2017 and is foreseen to become significantly over the figure time frame inferable from its phenomenal adjustment and weathering properties. Acrylic resins are generally used as a part of water reducible and emulsion resins for assembling of coats and varnishes. Its qualities incorporate weather/UV resistance, optical clarity, and excellent dimensional stability. The thermoplastic idea of acrylic is favourable over epoxy and polyester. Polyurethane was the quickest developing raw material fragment inferable from its incredible properties of long term protection from corrosion and retaining gloss.
Application Outlook and Trend Analysis
The decorative and architectural coats section is the biggest application fragment in 2017. The architectural coatings demand is expected to develop at a CAGR of more than % over the figure time frame. Expanded construction spending in rising nations is foreseen to trigger the interest for kinds of varnishes and coats in structures and development, which thus is foreseen to drive the development of this division. The surging demands for coats by water-based and powder based coatings because of changing customer inclination is foreseen to profit the general product demand.
Regional Outlook and Trend Analysis
Asia Pacific was the biggest territorial market in 2017 that generated an aggregate income of more than 16.20 million tons around the same time. The locale is likewise anticipated to be the quickest developing business sector over the figure time frame. Quickly extending construction and automobile enterprises in the district is foreseen to be the main considerations driving interest for these products over the figure period. Demand in the North American locale was assessed to be around 11.10 million tons in 2017 and is foreseen to develop with a significant CAGR over the gauge time frame.
Competitive Insights
The leading players in the market are Axalta Coating Systems, PPG, AkzoNobel, Nippon Paint, Jotun Group, BASF, Valspar, RPM International Inc and Sherwin-Williams. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Paints & Coatings Market is segmented as follows-
By Product:
- Powder-based
- Solvent-borne
- High solids/radiation curing
- Waterborne
- Others
By Material:
- Alkyd
- Epoxy
- Acrylic
- Polyurethane
- Polyesters
- Others
By Application:
- Non-architectural
- Architectural & Decorative
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Columbia
- South Africa
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of MEA
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Paints And Coatings Market, By Product, Estimates and Forecast, 2014-2023($Billion)
o High solids/radiation curing
o Powder-based
o Waterborne
o Solvent-borne
o Other Products
· Paints And Coatings Market, By Material, Estimates and Forecast, 2014-2023($Billion)
o Acrylic
o Alkyd
o Polyurethane
o Epoxy
o Polyesters
o Other Materials
· Paints And Coatings Market, By Application, Estimates and Forecast, 2014-2023($Billion)
o Architectural & Decorative
o Non-architectural
· Paints And Coatings Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America Paints And Coatings Market, By Country
o U.S. Paints And Coatings Market
o Canada Paints And Coatings Market
o Mexico Paints And Coatings Market
o Europe
§ Europe Paints And Coatings Market, By Country
o Germany Paints And Coatings Market
o UK Paints And Coatings Market
o France Paints And Coatings Market
o Russia Paints And Coatings Market
o Italy Paints And Coatings Market
o Rest of Europe Paints And Coatings Market
o Asia-Pacific
§ Asia-Pacific Paints And Coatings Market, By Country
o China Paints And Coatings Market
o Japan Paints And Coatings Market
o South Korea Paints And Coatings Market
o India Paints And Coatings Market
o Southeast Asia Paints And Coatings Market
o Rest of Asia-Pacific Paints And Coatings Market
o South America
§ South America Paints And Coatings Market
o Brazil Paints And Coatings Market
o Argentina Paints And Coatings Market
o Columbia Paints And Coatings Market
o South Africa Paints And Coatings Market
o Rest of South America Paints And Coatings Market
o Middle East and Africa
§ Middle East and Africa Paints And Coatings Market
o Saudi Arabia Paints And Coatings Market
o UAE Paints And Coatings Market
o Egypt Paints And Coatings Market
o Nigeria Paints And Coatings Market
o South Africa Paints And Coatings Market
o Rest of MEA Paints And Coatings Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Paints And Coatings Market, By Product
5.1. Introduction
5.2. Global Paints And Coatings Sales, Revenue and Market Share by Product (2017-2027)
5.2.1. Global Paints And Coatings Sales and Sales Share by Product (2017-2027)
5.2.2. Global Paints And Coatings Revenue and Revenue Share by Product (2017-2027)
5.3. High solids/radiation curing
5.3.1. Global High solids/radiation curing Sales and Growth Rate (2017-2027)
5.4. Powder-based
5.4.1. Global Powder-based Sales and Growth Rate (2017-2027)
5.5. Waterborne
5.5.1. Global Waterborne Sales and Growth Rate (2017-2027)
5.6. Solvent-borne
5.6.1. Global Solvent-borne Sales and Growth Rate (2017-2027)
5.7. Other Products
5.7.1. Global Other Products Sales and Growth Rate (2017-2027)
6. Paints And Coatings Market, By Material
6.1. Introduction
6.2. Global Paints And Coatings Sales, Revenue and Market Share by Material (2017-2027)
6.2.1. Global Paints And Coatings Sales and Sales Share by Material (2017-2027)
6.2.2. Global Paints And Coatings Revenue and Revenue Share by Material (2017-2027)
6.3. Acrylic
6.3.1. Global Acrylic Sales and Growth Rate (2017-2027)
6.4. Alkyd
6.4.1. Global Alkyd Sales and Growth Rate (2017-2027)
6.5. Polyurethane
6.5.1. Global Polyurethane Sales and Growth Rate (2017-2027)
6.6. Epoxy
6.6.1. Global Epoxy Sales and Growth Rate (2017-2027)
6.7. Polyesters
6.7.1. Global Polyesters Sales and Growth Rate (2017-2027)
6.8. Other Materials
6.8.1. Global Other Materials Sales and Growth Rate (2017-2027)
7. Paints And Coatings Market, By Application
7.1. Introduction
7.2. Global Paints And Coatings Sales, Revenue and Market Share by Application (2017-2027)
7.2.1. Global Paints And Coatings Sales and Sales Share by Application (2017-2027)
7.2.2. Global Paints And Coatings Revenue and Revenue Share by Application (2017-2027)
7.3. Architectural & Decorative
7.3.1. Global Architectural & Decorative Sales and Growth Rate (2017-2027)
7.4. Non-architectural
7.4.1. Global Non-architectural Sales and Growth Rate (2017-2027)
8. Paints And Coatings Market, By Region
8.1. Introduction
8.2. Global Paints And Coatings Sales, Revenue and Market Share by Regions
8.2.1. Global Paints And Coatings Sales by Regions (2017-2027)
8.2.2. Global Paints And Coatings Revenue by Regions (2017-2027)
8.3. North America Paints And Coatings by Countries
8.3.1. North America Paints And Coatings Sales and Growth Rate (2017-2027)
8.3.2. North America Paints And Coatings Revenue and Growth Rate (2017-2027)
8.3.3. North America Paints And Coatings Sales by Countries (2017-2027)
8.3.4. North America Paints And Coatings Revenue (Million USD) by Countries (2017-2027)
8.3.5. U.S.
8.3.5.1. United States Paints And Coatings Sales and Growth Rate (2017-2027)
8.3.5.2. United States Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Canada
8.3.6.1. Canada Paints And Coatings Sales and Growth Rate (2017-2027)
8.3.6.2. Canada Paints And Coatings Sales (Millions USD) and Growth Rate (2017-2027)
8.3.7. Mexico
8.3.7.1. Mexico Paints And Coatings Sales and Growth Rate (2017-2027)
8.3.7.2. Mexico Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe Paints And Coatings by Countries
8.4.1. Europe Paints And Coatings Sales and Growth Rate (2017-2027)
8.4.2. Europe Paints And Coatings Revenue and Growth Rate (2017-2027)
8.4.3. Europe Paints And Coatings Sales by Countries (2017-2027)
8.4.4. Europe Paints And Coatings Revenue (Million USD) by Countries (2017-2027)
8.4.5. Germany
8.4.5.1. Germany Paints And Coatings Sales and Growth Rate (2017-2027)
8.4.5.2. Germany Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. UK
8.4.6.1. UK Paints And Coatings Sales and Growth Rate (2017-2027)
8.4.6.2. UK Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. France
8.4.7.1. France Paints And Coatings Sales and Growth Rate (2017-2027)
8.4.7.2. France Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Russia
8.4.8.1. Russia Paints And Coatings Sales and Growth Rate (2017-2027)
8.4.8.2. Russia Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Italy
8.4.9.1. Italy Paints And Coatings Sales and Growth Rate (2017-2027)
8.4.9.2. Italy Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.10. Rest of Europe
8.4.10.1. Rest of Europe Paints And Coatings Sales and Growth Rate (2017-2027)
8.4.10.2. Rest of Europe Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific Paints And Coatings Sales and Growth Rate (2017-2027)
8.5.2. Asia-Pacific Paints And Coatings Revenue and Growth Rate (2017-2027)
8.5.3. Asia-Pacific Paints And Coatings Sales by Countries (2017-2027)
8.5.4. Asia-Pacific Paints And Coatings Revenue (Million USD) by Countries (2017-2027)
8.5.5. China
8.5.5.1. China Paints And Coatings Sales and Growth Rate (2017-2027)
8.5.5.2. China Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6. Japan
8.5.6.1. Japan Paints And Coatings Sales and Growth Rate (2017-2027)
8.5.6.2. Japan Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6.3.
8.5.7. Korea
8.5.7.1. Korea Paints And Coatings Sales and Growth Rate (2017-2027)
8.5.7.2. Korea Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. India
8.5.8.1. India Paints And Coatings Sales and Growth Rate (2017-2027)
8.5.8.2. India Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Southeast Asia
8.5.9.1. Southeast Asia Paints And Coatings Sales and Growth Rate (2017-2027)
8.5.9.2. Southeast Asia Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.10. Rest of Asia-Pacific
8.5.10.1. Rest of Asia-Pacific Paints And Coatings Sales and Growth Rate (2017-2027)
8.5.10.2. Rest of Asia-Pacific Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America Paints And Coatings Sales and Growth Rate (2017-2027)
8.6.2. South America Paints And Coatings Revenue and Growth Rate (2017-2027)
8.6.3. South America Paints And Coatings Sales by Countries (2017-2027)
8.6.4. South America Paints And Coatings Revenue (Million USD) by Countries (2017-2027)
8.6.5. Brazil
8.6.5.1. Brazil Paints And Coatings Sales and Growth Rate (2017-2027)
8.6.5.2. Brazil Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Argentina
8.6.6.1. Argentina Paints And Coatings Sales and Growth Rate (2017-2027)
8.6.6.2. Argentina Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Columbia
8.6.7.1. Columbia Paints And Coatings Sales and Growth Rate (2017-2027)
8.6.7.2. Columbia Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.8. Rest of South America
8.6.8.1. Rest of South America Paints And Coatings Sales and Growth Rate (2017-2027)
8.6.8.2. Rest of South America Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa Paints And Coatings Sales and Growth Rate (2017-2027)
8.7.2. Middle East and Africa Paints And Coatings Revenue and Growth Rate (2017-2027)
8.7.3. Middle East and Africa Paints And Coatings Sales by Countries (2017-2027)
8.7.4. Middle East and Africa Paints And Coatings Revenue (Million USD) by Countries (2017-2027)
8.7.5. Saudi Arabia
8.7.5.1. Saudi Arabia Paints And Coatings Sales and Growth Rate (2017-2027)
8.7.5.2. Saudi Arabia Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. United Arab Emirates
8.7.6.1. United Arab Emirates Paints And Coatings Sales and Growth Rate (2017-2027)
8.7.6.2. United Arab Emirates Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Egypt
8.7.7.1. Egypt Paints And Coatings Sales and Growth Rate (2017-2027)
8.7.7.2. Egypt Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. Nigeria
8.7.8.1. Nigeria Paints And Coatings Sales and Growth Rate (2017-2027)
8.7.8.2. Nigeria Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. South Africa
8.7.9.1. South Africa Paints And Coatings Sales and Growth Rate (2017-2027)
8.7.9.2. South Africa Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.10. Rest of Middle East and Africa
8.7.10.1. Rest of Middle East and Africa Paints And Coatings Sales and Growth Rate (2017-2027)
8.7.10.2. Rest of Middle East and Africa Paints And Coatings Revenue (Millions USD) and Growth Rate (2017-2027)
9. Company Profiles
9.1. PPG Industries, Inc
9.1.1. Business Overview
9.1.2. Product Portfolio
9.1.3. Strategic Developments
9.1.4. Sales, Revenue and Market Share
9.2. AkzoNobel
9.2.1. Business Overview
9.2.2. Product Portfolio
9.2.3. Strategic Developments
9.2.4. Sales, Revenue and Market Share
9.3. Sherwin-Williams Co.
9.3.1. Business Overview
9.3.2. Product Portfolio
9.3.3. Strategic Developments
9.3.4. Sales, Revenue and Market Share
9.4. Axalta coating system
9.4.1. Business Overview
9.4.2. Product Portfolio
9.4.3. Strategic Developments
9.4.4. Sales, Revenue and Market Share
9.5. RPM International Inc.
9.5.1. Business Overview
9.5.2. Product Portfolio
9.5.3. Strategic Developments
9.5.4. Sales, Revenue and Market Share
9.6. The Valspar Corporation
9.6.1. Business Overview
9.6.2. Product Portfolio
9.6.3. Strategic Developments
9.6.4. Sales, Revenue and Market Share
9.7. Bodo Möller Chemie GmbH
9.7.1. Business Overview
9.7.2. Product Portfolio
9.7.3. Strategic Developments
9.7.4. Sales, Revenue and Market Share
9.8. BASF
9.8.1. Business Overview
9.8.2. Product Portfolio
9.8.3. Strategic Developments
9.8.4. Sales, Revenue and Market Share
9.9. Henkel
9.9.1. Business Overview
9.9.2. Product Portfolio
9.9.3. Strategic Developments
9.9.4. Sales, Revenue and Market Share
9.10. Sika AG
9.10.1. Business Overview
9.10.2. Product Portfolio
9.10.3. Strategic Developments
9.10.4. Sales, Revenue and Market Share
10. Global Paints And Coatings Market Competition, by Manufacturer
10.1. Global Paints And Coatings Sales and Market Share by Manufacturer (2017-2017)
10.2. Global Paints And Coatings Revenue and Market Share by Manufacturer (2017-2017)
10.3. Global Paints And Coatings Price by Manufacturer (2017-2017)
10.4. Top 5 Paints And Coatings Manufacturer Market Share
10.5. Market Competition Trend
11. Paints And Coatings Market Forecast (2027-2023)
11.1. Global Paints And Coatings Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. Paints And Coatings Market Forecast by Regions (2027-2023)
11.2.1. North America Paints And Coatings Market Forecast (2027-2023)
11.2.1.1. United States Paints And Coatings Market Forecast (2027-2023)
11.2.1.2. Canada Paints And Coatings Market Forecast (2027-2023)
11.2.1.3. Mexico Paints And Coatings Market Forecast (2027-2023)
11.2.2. Europe Paints And Coatings Market Forecast (2027-2023)
11.2.2.1. Germany Paints And Coatings Market Forecast (2027-2023)
11.2.2.2. United Kingdom Paints And Coatings Market Forecast (2027-2023)
11.2.2.3. France Paints And Coatings Market Forecast (2027-2023)
11.2.2.4. Russia Paints And Coatings Market Forecast (2027-2023)
11.2.2.5. Italy Paints And Coatings Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe Paints And Coatings Market Forecast (2027-2023)
11.2.3. Asia-Pacific Paints And Coatings Market Forecast (2027-2023)
11.2.3.1. China Paints And Coatings Market Forecast (2027-2023)
11.2.3.2. Japan Paints And Coatings Market Forecast (2027-2023)
11.2.3.3. Korea Paints And Coatings Market Forecast (2027-2023)
11.2.3.4. India Paints And Coatings Market Forecast (2027-2023)
11.2.3.5. Southeast Asia Paints And Coatings Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific Paints And Coatings Market Forecast (2027-2023)
11.2.4. South America Paints And Coatings Market Forecast (2027-2023)
11.2.4.1. Brazil Paints And Coatings Market Forecast (2027-2023)
11.2.4.2. Argentina Paints And Coatings Market Forecast (2027-2023)
11.2.4.3. Columbia Paints And Coatings Market Forecast (2027-2023)
11.2.4.4. Rest of South America Paints And Coatings Market Forecast (2027-2023)
11.2.5. Middle East and Africa Paints And Coatings Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia Paints And Coatings Market Forecast (2027-2023)
11.2.5.2. UAE Paints And Coatings Market Forecast (2027-2023)
11.2.5.3. Egypt Paints And Coatings Market Forecast (2027-2023)
11.2.5.4. Nigeria Paints And Coatings Market Forecast (2027-2023)
11.2.5.5. South Africa Paints And Coatings Market Forecast (2027-2023)
11.2.5.6. Rest of MEA Paints And Coatings Market Forecast (2027-2023)
11.3. Paints And Coatings Market Forecast by Product (2027-2023)
11.3.1. Global Paints And Coatings Sales Forecast by Product (2027-2023)
11.3.2. Global Paints And Coatings Sales Market Share Forecast by Product (2027-2023)
11.4. Paints And Coatings Market Forecast by Material (2027-2023)
11.4.1. Global Paints And Coatings Sales Forecast by Material (2027-2023)
11.4.2. Global Paints And Coatings Sales Market Share Forecast by Material (2027-2023)
11.5. Paints And Coatings Market Forecast by Application (2027-2023)
11.5.1. Global Paints And Coatings Sales Forecast by Application (2027-2023)
11.5.2. Global Paints And Coatings Sales Market Share Forecast by Application (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Paints and Coatings Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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