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...