Global Waterbased Coatings Market: Implementation of Stringent Government Regulations Concerning VOC Contents to Influence Demand, says TMR
In the global water-based coatings market , PPG industries, Akzo Nobel, and Sherwin Williams are the main competitors. In 2015, these three players together held a share of more than 55% in the overall market. Mergers and acquisitions has been the most preferred strategy among the leading participants for the development of their businesses. TMR expect the trend to continue over the next few years, intensifying the competition. As per TMR’s estimations, the global market for water-based coatings, which offered an opportunity worth US$46.1 bn in 2015, is likely to rise at a CAGR of 6.40% over the period of 2016 to 2024 and reach US$80.3 bn by the end of the forecast period. With a share of nearly 58%, the building and construction industry emerged as the key consumer of water-based coatings across the world. Researchers at TMR expect this scenario to remain more or less same over the forecast period. View Exclusive Global Strategic Business Report: http://www...