Paint is any colored liquid which on drying, form a thin surface coat and has specific functions perform. Paints are used to protect metals, timber, or plastered surfaces from the corrosive effects of weather, heat, moisture or gases etc.
Varnishes are more or less transparent liquids which are used to provide a protective surface coating in much the same way as paints do” At the same time they allow the original surface to show but add a lustrous and glossy finish to it.
The Consumption of paints and varnishes mainly distributes in Saudi Arabia and UAE. Consumption volume of paints and varnishes from the two regions contributed about 84.11% share in 2015 in GCC regions. Jotun, Hempel and National Paints are the leading players of paints and varnishes in GCC regions with widespread sales network.
Although compared with the whole global paints and varnish market, GCC regions are quite a small part. However, when taking a look at the inside development of GCC regions’ paints and varnishes business, the industry still have good market space.
Considering the current demand as well as downstream industries’ status, market participants are still optimistic on the future paints and varnishes market of GCC regions. It is estimated that paints and varnishes consumption will keep upward tendency in the next few years with a market size of 5624.61 million USD in 2020. In addition, with intensified competition and sufficient supply, price of paints and varnishes is predicted to continue to go down in the coming years.
According to this study, over the next five years the Paints and Varnishes market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Paints and Varnishes business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Paints and Varnishes market by product type, application, key manufacturers and key regions and countries.
This study considers the Paints and Varnishes value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Decorative Paints
Performance Coatings
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Construction
Industrial Application
Transportation
Consumer Goods
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Jotun
Hempel
National Paints
Al-Jazeera
Akzo Nobel
Sigma (PPG)
Raghagan
Berger
RPM
Oasis Amercoat
Sherwin-Williams
BASF
Rose Paint
Axaltas (DuPont)
Paintco
Caparol (DAW)
Ocean Paints
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Paints and Varnishes consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Paints and Varnishes market by identifying its various subsegments.
Focuses on the key global Paints and Varnishes manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Paints and Varnishes with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Paints and Varnishes submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Paints and Varnishes . Industry analysis & Market Report on Paints and Varnishes is a syndicated market report, published as Global Paints and Varnishes Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Paints and Varnishes market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.