Global Paint and Varnish Market to 2022 - Market Size, Development, Top 10 Countries, and Forecasts

The global paint and varnish market is subject to witness a substantial growth due to the increasing requirement end-user industries and construction segment. Growing use of paint and varnish in the construction and the automotive sectors due to highly preferred solvent properties are major growth factors. 

Other factors such as increase in expenditure on construction activities and rise in adoption of paint and varnish in automotive sector are fueling growth of the paint and varnish market, mainly in developing economies across the globe. Globally, the market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the paint and varnish market.

The stringent laws and regulation against harmful effects of synthetic paints and varnishes on environment are compelling market players to adopt environment-friendly paint and varnish that complies with the regional and international regulations. This has led market players to significantly invest in research and development of the paint and varnish market. With the development of the low cost solutions while avoiding the use of the volatile organic compounds, is propelling market expansion in upcoming years. 

Number of international and local governing agencies are regulating the use of paint and varnish such as European union (EU), and national institute for occupational safety and health (NIOSH). These regulations allow industries to avoid dangers of adverse chemical and physical effects along with the use of raw materials and storage equipment. Paint and coating additives consists of a variety of elements that are added into polymer resins, dyes, varnishes and other materials in order to change their specific properties as per the requirements.

Similarly, lower cost associated with vehicles such as cars and trucks has led to increased consumption in automobile sector. The main objectives for using paint and varnish is to accomplish properties such as water resistance, erosion resistance, and endurance against heat and abrasion. 

Robust growth in the building & construction industry coupled with rising personal disposable income are predicted to boost overall market performance of paint and varnish market. Furthermore, improved standard of living and increasing middle class housing needs, particularly in the developing economies across the globe are expected to foster market in the upcoming years.

The paint and varnish market is broadly categorized into two major segments based on the end-user application such as architectural and decorative varnishes and non-architectural sector. The architectural and decorative varnishes is considered as one of the fastest growing segment in the paint and varnish market with substantial revenue generation in the last few years. 

Growing popularity of the architectural and decorative varnishes segment is attributed to the higher market penetration and increasing demand from Asia Pacific region. The non-architectural sector segment has also witnessed substantial growth owing to the high-end demand from automotive sector.

The paint and varnish market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in building & construction sector, increase in the number of research & development activities in the region, rise in commercial as well as residential construction, improved living standards and existence of well-established infrastructure. 

Asia-Pacific region is predicted to hold major market share in the paint and varnish market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with growing need for infrastructural facilities, rising disposable income, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the paint and varnish market are BASF Group, PPG Industries, Inc., Sherwin-Williams Co., Akzo Nobel N.V., Axalta Coating System, Inc., Valspar Co., RPM International Inc., Nippon Paint Holdings AG, and Jotun Group, Inc.

The industry report package Global Paint and Varnish Market to 2022 - Market Size, Development, Top 10 Countries, and Forecasts offers the most up-to-date market data on the actual market situation, and future outlook for paints and varnishes in the world and in the top 10 global countries. Along with a global paint and varnish market report the package includes country reports from the following countries:

Argentina, Canada, China, Germany, Italy, Japan, Russia, South Korea, United Kingdom, United States

The reports include historic market data from 2011 to 2017 and forecasts until 2022 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.

The latest market data for this research include:

- Overall paint and varnish market size, 2011-2022
- Paint and varnish market size by product segment, 2011-2022
- Growth rates of the overall paint and varnish market and different product segments, 2011-2022
- Shares of different product segments of the overall paint and varnish market, 2011, 2017 and 2022

The product segments discussed in the data reports include:

Vinyl and acrylic polymer based paints and varnishes (aqueous)
Other polymer based paints and varnishes (aqueous)
Polyester based paints and varnishes (non-aqueous)
Vinyl and acrylic polymer based paints and varnishes (non-aqueous)
Other polymer based paints and varnishes (non-aqueous)
Other paints and varnishes

The reports help answering the following questions:

- What is the current size of the paint and varnish market in the world and in the top 10 global countries?
- How is the paint and varnish market divided into different product segments? 
- How are the overall market and different product segments growing?
- How is the market predicted to develop in the future?
- What is the market potential compared to other countries?

Among the key reasons to purchase include the following:

- Gain an outlook of the historic development, current market situation, and future outlook of the paint and varnish market in the world and in the top 10 global countries to 2022
- Track industry development and identify market opportunities
- Plan and develop marketing, market-entry, market expansion, and other business strategies by identifying the key market opportunities and prospects
- Save time and money with the readily accessible key market data included in the report. The market data is clearly presented and can be easily incorporated into presentations, internal reports, etc.