The global paints and coatings market size reached US$ 168.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 231.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.
2. Report Description
About IMARC Group
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3. Report Description
Report Description and Highlights
Global Keyword Market Outlook 2023-2028:
The latest report by IMARC Group, titled “Paints and Coatings Market Overview: Global Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, provides a deep insight into the
global augmented reality gaming market.
Paints refer to pigmented liquids utilized to improve the aesthetics of the substrate, whereas coatings
are mainly used to prevent substrate deterioration and enhance surface properties. Commonly
available product variants include powder, high solids, waterborne, radiation curing, and solvent-borne
coatings. Paints and coatings are widely used in residential and non-residential infrastructures,
decorating industrial equipment and buildings. Paints and coatings exhibit flame retardancy, anti-
fouling, and anti-microbial properties. In addition, they also protect the surface from weathering, rust,
adverse environmental conditions, and chemical exposure. As a result, paints and coatings find
extensive applications across various sectors, such as marine, construction, automobile, and
transportation.
4. Report Description
Report Description and Highlights
Global Keywords Market Trends:
The escalating demand for these pigmented liquids and layers on panels, windows, walls, roofs, door
frames, and interior extrusions for protection, decoration, and aesthetics and the expanding
construction industry across the globe are among the primary factors driving the paints and coatings
market. Besides this, the elevating product requirement in the automotive sector, owing to its color
stability, continuous protective film formation, corrosion, abrasion and scratch resistance, flexibility,
and durability, is further augmenting the market growth. Moreover, the introduction of volatile organic
compounds (VOC) free, block resistant, and organic paints and coatings manufactured using natural
ingredients, including lemon peel extract, seed, clay, vegetable, and soybean oil, is also catalyzing the
global market. Apart from this, the increasing utilization of environment-friendly and green coatings
that minimize the adverse effects of infrared and ultraviolet (UV) radiations and improve the overall
efficiency is acting as another significant growth-inducing factor. Furthermore, the rising environmental
consciousness among the masses, the growing popularity of waterborne and powder-based layers, the
launch of several policies by the government bodies promoting infrastructural development, and the
high inclination toward renovation activities are anticipated to propel the paints and coatings market
over the forecasted period.
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6. Breakup by Component:
• Software
• Hardware
Breakup by Device:
• Mobiles
• HMDs
• Smart Glasses
Breakup by Region:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
On account of the aforementioned factors, the market is anticipated to witness strong growth during
2023-2028.
Report Description
Report Description and Highlights
8. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients
9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients