Evolution in urbanization has transmuted the world into a highly sophisticated place owing to increasing comfort needs. The developments the non-personal and personal spaces has benefitted the global paints and coatings market. Increasing prevalence of nuclear families and global population has fuelled the demand for significant number of new houses each year. Also, there is substantial growth in the market for consumer goods and automobiles. These factors are driving the global market for ... Read more
According to a new market report published by Persistence Market Research “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.
With urbanization, the world is becoming a more sophisticated place with the growing need for ... Read more
The huge demand witnessed in the building and construction industry is the chief driver of the global paints and coatings market. This, coupled with the increasing demand for waterborne coatings has enabled the paints and coatings market exhibit strong growth, which is expected to continue through the forecast period between 2013 and 2019.
