asia-pacific-paints-and-coatings-market-industry
Published

December 2017

Asia-Pacific Paints and Coatings Market - Segmented by Application, Technology, Product Type and Geography (2018 - 2023)

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Asia-Pacific Paints and Coatings Market

Breaking News:

October, 2016: Selektope company found new active compounds which, when mixed with antifouling coatings helps in killing the marine life attached to the bottom of ships. This breakthrough helps to clean the ships with ease.

Asia-Pacific Paints and Coatings Market was valued at USD XX billion in 2017 and is projected to reach USD XX billion by 2022, at a CAGR of XX% during the forecast period, 2017 to 2022.

Market Dynamics

Growing demand from infrastructure industry in China and India, rise in demand from automotive industry, increased awareness towards the sustainable products, rise in demand from food packaging sector and lower crude oil prices are driving the Asia-Pacific Paints and Coatings market. However, the market faces certain drawbacks, such as the stringent environmental regulations and decrease in demand from the marine industry. These factors may act as a roadblock to the growth of the market.

Taking just the application into account, Architecture & Decorative hold the largest share of the Asia-Pacific Paints and Coatings market, with water borne being the largest technology based coatings. In terms of growth, automotive OEM and consumer durables applications would fuel the amount of growth in the demand for Paints and Coatings market in Asia-Pacific region.

China has the highest market share, in the value due to superior advancement in the field of paints and coatings. India is the fastest-growing market for paints and coatings industry, due to increase in industrial establishments, and is expected to lead the market through 2022. The following sample chart shows the market share of different technologies in Asia-Pacific Paints & Coatings Market for 2017.

Opportunities and Major Players

Increasing applications of powder coatings and accelerating demand for eco-friendly coatings are expected to offer numerous opportunities for the growth of the Asia-Pacific Paints and Coatings market. In Asia-Pacific region, there are around XX suppliers competing in the sector with the top 10 suppliers accounting for almost XX% of the market.

Some of the major companies dominating this market for its products, services, and continuous product development, include:

  • 3M
  • AkzoNobel N.V.
  • Carpoly
  • DAW SE
  • DuPont
  • Jotun

Key Deliverables in the Study

  • Market analysis for the Asia-Pacific Paints and Coatings market, with country-specific assessments and competition analysis on a regional scale.
  • Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect the Asia-Pacific Paints and Coatings market on regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • Insights on the major countries where this industry is growing and identify the regions that are still untapped.
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