According to a new report published by xResearch, titled, “Paints & Coatings market Insights, Trends, Opportunity & Forecast, 2022–2030,” the global paints & coatings market size is anticipated to witness exponential growth during the forecast period i.e. 2022-2030.
Factors such as the rapid growth in industrialization are the main fuel behind the growth of the paints & coating market. Additionally increasing adoption of high-tech paints like anti corrosion and ceramic pains also help in the growth of the global paints and coatings market. Also, sustainable paints have amassed a large no. of users helping in the growth of the market.

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According to technology, the segment of waterborne coating held the largest share in the global paints & coating market in 2021. The segment is anticipated to retain its dominance further in the market during the forecast period of 2022-2030. Based on resin, the polyurethane resin segment dominated the global paint & coatings market in 2021. The segment is estimated to maintain its position and stay at the top during the forecast period of 2022-2030. Based on application, the architectural segment dominated the global paint & coatings market in 2021. The segment is estimated to maintain its position and stay at the top during the forecast period of 2022-2030.
Geographically, the Asia Pacific region led the global paints and coatings market in 2021.The region is anticipated to remain dominant throughout the forecast period of 2022-2030. Countries such as the U.S. and Canada are among the key contributors to the market. The Asia Pacific region is expected to achieve the highest growth in paints & coating market during the forecast period. Countries including India, China, and Japan are the key contributors to the growth of the market in the Asia Pacific region.
Some of the major paints & coatings providing companies profiled in the report include AkzoNobel N.V., PPG Industries, Sherwin-Williams, RPM International, Nippon Paint, BASF coatings, Axalta coating systems, Kansai paints, Asian paints, Jotun.

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The global paints & coatings market is segmented into technology type, resin type, end-use, and region. Based on technology type, the market is bifurcated into waterborne, solventborne, power coatings, and others. Based on resin type, it is classified into acrylic, alkyd, epoxy, polyester, polyurethane, vinyl, fluoropolymer, and others. Based on end-use, it is classified into architectural, automotive, marine, coil, general industries, protective coatings, and others.

The global paints & coatings market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and the Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of the Middle East & Africa).

Key Insights of the Global Paints & Coatings Market
● On the basis of technology, the water borne segment held the largest share in the global paints & coatings market in 2021. The segment is anticipated to retain its dominance further in the market during the forecast period of 2022-2030.
● Based on resin, the polyurethane segment dominated the global paints & coatings market in 2021.
● Based on end-use, the architectural segment dominated the global paint & coating market in 2021.
● Based on region, the Asia Pacific led the global paints and coatings market in 2021. The region is anticipated to remain dominant throughout the forecast period of 2022-2030.
● Based on region, the Asia Pacific region is expected to achieve the highest growth in the global paints & coatings market during the forecast period of 2022-2030.


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