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Home>Global Paints and Coatings Market to Grow at a CAGR of 5.6% by 2021: Driven by Growth in DIY Market - Research and Markets

Global Paints and Coatings Market to Grow at a CAGR of 5.6% by 2021: Driven by Growth in DIY Market - Research and Markets

Global Paints and Coatings Market to Grow at a CAGR of 5.6% by 2021: Driven by Growth in DIY Market - Research and Markets

10/03/2017

Global Paints and Coatings Market to Grow at a CAGR of 5.6% by 2021: Driven by Growth in DIY Market - Research and Markets

The "Global Paints and Coatings Market 2017-2021" report has been added to Research and Markets' offering.

The global paints and coatings market is forecast to grow at a CAGR of 5.63% during the period 2017-2021.

The report, Global Paints and Coatings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

The latest trend gaining momentum in the market is the growth in DIY market. Increasing disposable incomes that has translated to the construction of new homes, also increased the number of existing home sales. An increase in consumer spending on home remodeling and improvement projects is the major factor providing growth incentive for the consumption of paints and coatings by the residential end-user segment. The demand for paints and coatings from do-it-yourself (DIY) consumers is mainly high in Western economies, and organized big box retailers catering to this demand.

According to the report, one of the major drivers for this market is highly lucrative architectural paints segment. In the architectural paints segment, most of the vendors have identical product offerings. Increasing demand for supportive infrastructure in all parts of the world owing to growing population, coupled with increasing urbanization, is driving the demand for architectural paints and coatings. Additionally, the growth in the retail and hospitality sectors is also contributing to the demand for architectural paints.

Key vendors

  • Akzo Nobel
  • BASF
  • Jotun
  • PPG Industries
  • The Sherwin-Williams Company

Key Topics Covered:

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