End User Outlook (Volume, Kilotons, Revenue, USD Billion; 2020-2027)
Architectural & Decorative (Residential, Non-residential)
Geographical Segmentation:
The report is a prototype of the Paints and Coatings market and focuses on the market's major regional segments. The market has been categorized into several key geographical segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. In this section of the report, the anticipated market share, market size, revenue contribution, sales network, distribution channels, and numerous other aspects of each region have been evaluated.
Market Drivers
Soaring demand for high-performance coatings is considered as a major growth-promoting factor in the market. Additionally, rising commercial applications of corrosion-resistant coatings, surfaces with high-performance, high-temperature & low-temperature included coatings, and other coatings and escalating demand for industrial coatings suitable for rough environments are responsible for the steadfast growth of the market. Moreover, with the rapid growth in the global community resulting in rising a considerable population interest in modernizing architecture and activities, the fast growth in the construction industry has been noticed, thereby augmenting demand for paints and coatings. Furthermore, mushrooming industrialization globally, surging demand for consumer goods and automobiles, and rising disposable income are other crucial factors promoting market growth of paints and coatings.