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The market has witnessed a wave of innovative products being developed and players focusing on expanding
their regional footprint. Development of Nano InvisiPrint system, anti-finger prints solution for electronic display,
developed by Nanotechnologies (NBD) on February 7, 2017. On January 31, 2017, Evonik set up a new research
laboratory in Istanbul, Turkey, which will help Evonik, to expand in the Middle East. On September 8, 2016,
Australian National University (ANU) developed a water repelling spray that finds application in the aerospace
and mobile phone industries, among others.
The global paints and coatings market was valued at US$ 137.25 billion and 46,686.09 kilo tons in 2016, and is
expected to expand at a CAGR of 5.6% in terms of revenue and 4.8% in terms of volume during 2017 2025.
Coherent market Insights. All Rights Reserved
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Product portfolio expansion and geographical expansion are the key market trends, which are expected to
shape the industry in the near future.
Major players in the global paints and coatings market include PPG, The Sherwin-Williams Co., RPM
International Inc., The Valspar Corp., Axalta Coating Systems, BEHR, Benjamin Moore & Co., Dunn-
Edwards Corporation, Ennis-Flint, Shawcor Ltd., Nippon Paints, Kelly-Moore Paints Co. Inc, Cloverdale
Paints Inc., Innovative Chemical Products Group, Vogel Paints Inc., Yenkin Majestic Paints Corp., Tnemec
Company Inc, Elantas Pdg Inc, True Value Company, Vista Paints.
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