Specialty Chemicals Market Statistics
Semiconductors & Electronics Market Statistics
Global Paints & Coatings Market Size Report, 2020-2027
Paints & Coatings Market Size, Share & Trends Analysis Report By Product (Powdered, Solvent-borne), By Material (Acrylic, Epoxy), By Application (Architectural & Decorative, Non Architectural), And Segment Forecasts, 2020 – 2027
The global paints and coatings market size was valued at USD 146.2 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2020 to 2027. The market is expected to be driven by the increasing product consumption in the construction, automotive, and general industries application sectors. Rapid urbanization and industrialization in the emerging countries, such as India, China, and Southeast Asia, are anticipated to fuel the product demand in various applications. However, the outbreak of COVID-19 may have a negative impact on market growth in the near future.The global market has grown moderately in the past few years in spite of various uncertainties, such as the economic slowdown of major economies, negative & positive influence of the low crude oil prices, fluctuations in the value of the U.S. dollars, the high growth rate of the U.S. automotive and construction industry, the tenuousness of the recovery of various European nations, and developments in regulatory norms globally.