Title: APAC Decorative Paints & Coatings Market - Forecast (2021 - 2026)
1APAC Decorative Paints Coatings
Market Market size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2021-2026
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- APAC decorative paints coatings market is
forecast to reach 36,513.5 million by 2025,
after growing at a CAGR of 6.4 during
(2020-2025). - The APAC decorative coatings market is shifting
towards water-borne coatings, which has proven to
be a successful approach aimed at reduction of
Volatile Organic Compound (VOC) emissions. - Stringent environmental regulations regarding the
use of toxic chemicals in coating formulations in
Asia Pacific is boosting the market growth.
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3There has been an increase in Global warming and
CO2 emissions post lockdowns.
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- Key Takeaways
- Huge investments are being made in the
infrastructure sector to stimulate the Asia
Pacific economy, owing to which the demand for
paints coatings are projected to increase. This
will boost the use of decorative paints
coatings for residential as well as
non-residential buildings. - Environmental considerations are leading to
increased utilization of water-based systems for
the production of heat-resistant coatings.
Water-based silicone resins significantly reduce
VOC emissions in coating formulations as compared
to traditional solvent-based resins, which is
boosting the market growth.
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- By Distribution Channel- Segment Analysis
- The water-based coatings segment held the largest
share in the APAC decorative paints coatings
market in 2019. Water-based coatings use water
as a solvent to disperse a resin, thus making
these coatings eco-friendly and easy to apply. - The key advantages to using water-based
industrial coatings are that they are ideal
primers as they possess good resistance to heat
and abrasion. In addition, they provide excellent
adhesion, low toxicity and flammability due to
low VOC levels and HAP emissions, and thus allow
coating manufacturers to meet clean air
regulations.
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- APAC Decorative Paints Coatings
Market Industry Outlook - Nippon Paint Holdings Co. Ltd.
- Asian Paints
- AkzoNobel N.V.
- PPG Industries
- Inc., Kansai Paint Co Ltd.
- Jotun A/S
- BASF SE
- The Sherwin-Williams Company
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APAC Decorative Paints Coatings Market -
Forecast(2021 - 2026) Learn More About the
Report _at_ https//www.industryarc.com/Report/194
76/apac-decorative-paints-and-coatings-market.html
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- Analyst Briefing
- Data Tables
- Key Contacts
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