Paints and Coatings Market : Size, Share, Trends Analysis to 2020

Paints and Coatings Market driven by: Increasing population, growing

urbanization and others

Persistence Market Research

Global Paints and Coatings Market is

expected to grow at a CAGR of 5.5% during

2014 to 2020 - Persistence Market Research

Persistence Market Research

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Paints and Coatings Market driven by: Increasing population, growing

urbanization and others

Persistence Market Research Released New Market Report “Global Market Study on Paints

and Coatings: Industrial Paints and Coatings to Witness Highest Growth by 2020”,

the global paints and coatings market was worth USD 121.9 billion in 2013 and is expected

to grow at a CAGR of 5.5% during 2014 to 2020, to reach an estimated value of USD 176.5

billion in 2020.

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With urbanization, the world is becoming a more sophisticated place with the growing need

for greater comfort. The paints and coatings market has been benefitting due to these

developments in personal and non-personal spaces. The increasing global population and

the growing number of nuclear families escalate the demand for new houses every year,

which in turn creates demand for paints and coatings. The increasing market for consumer

goods and automobiles is also propelling the growth of the paints and coatings market.

Based on end-use, the paints and coatings market is segmented into three categories:

architectural and decorative; industrial; and marine. Architectural and decorative paints and

coatings can be further segmented into water-based and solvent-based. Similarly, industrial

paints and coatings can be classified into water-based, solvent-based, powder, and UVbased.

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Architectural and decorative paints and coatings are used mainly applied on interior and

exterior walls of houses and corporate buildings. Based on their formulation, there are

basically two types of architectural...