The global Top 10 High Growth Paints & Coatings Market size is projected to reach USD 190.51 Billion by 2021, at a CAGR of 5.07% from 2016 to 2021.
Browse 106 market data tables and 53 figures spread through 198 pages and in-depth TOC on “Top 10 High Growth Paints & Coatings Market by Coating Type (Elastomeric, Polyurea, UV, Insulation, Ceramic, Automotive, Medical, Silicone, Fluoropolymer, and Epoxy Coatings) - Global Forecast to 2021".

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Though the paints & coatings market is gaining importance, factors such as the health and environmental concerns faced due to the release of VOC content in the environment are likely to hamper the growth of the solvent-borne paints & coatings segment, subsequently hindering the growth of paints & coatings market. Apart from strict regulations, substantial capital and time is invested in the testing phase of paints & coatings, which can act as a constraint for the newer players.

The growing automotive and automotive components market in China and India is one of the major drivers for high demand of ceramic coatings in the Asia-Pacific region. Due to various applications in the automotive sector and the requirement to create heat-resistant systems, ceramic coatings have gained high importance.
Strong presence of manufacturers of paints & coatings for cool roofing is driving the top ten paints & coatings market in North America.

Cool roofing is a major concern across the country. The U.S. Department of Energy (DOE) has mandated cool roofing for all its buildings and facilities. The North American government is setting similar goals, offering tax incentives and utility rebates to the manufacturers. A growing number of non-governmental organizations (NGOs) from the International Green Construction Code (IGCC) to Cool Roof Rating Council (CRRC) and the U.S. Green Building Council’s LEED program are also promoting and encouraging green building practices, including cool roofing, thereby driving the elastomeric coating market.

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Companies such The Dow Chemical Company (U.S.), AkzoNobel N.V. (Netherlands), The Sherwin-Williams Company (U.S.), BASF SE (Germany), PPG Industries (U.S.), Jotun A/S (Norway), Nippon Paint (Japan), Axalta Coating Systems (U.S.), Asian Paints (India), Progressive Painting, Inc. (U.S.), and others are the key players in the global paints & coatings market.

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