International. In this report, 2018 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and the years 2023 to 2027 as the forecast period.
Research and Markets has published a new market report titled Paints & Coatings Market Research Report − Global Forecast to 2027.
According to the report, the global paints and coatings market size was estimated at $148.06 billion in 2021, $158.94 billion in 2022, and is projected to grow at a CAGR of 7.63% to reach $230.27 billion by 2027.
The report looks at powder, solvent-based and water-based products; acrylic, alkyd, epoxy, polyester and polyurethane resins; and end users, both architectural and industrial.
The architectural end-user is further studied in residential and non-residential applications, while the residential is further studied in new construction, remodeling and painting applications.
The industrial end-user is further studied in aerospace, automotive, general industrial, marine, packaging and railway. The report is also based on the region, studied in the Americas, Asia-Pacific and Europe, the Middle East and Africa. Each region is then broken down into smaller regions, as appropriate.
The report provides insights into COVID-19, considering changes in consumer behavior and demand, purchasing patterns, supply chain deviation, the dynamics of current market forces, and important government interventions.
The publication in turn collects reports on political and economic uncertainty due to the Russian invasion of Ukraine. It uncovers the impact of supply and demand, price variants, strategic supplier acquisition, and recommendations for the paints and coatings market considering the current update on the conflict and its global response.
Access the full report here
