Global Paints and Coatings Market Outlook (2014-2022)

The growth in the market is due to advancements in technology and emergence of new manufacturing technologies. The challenging factor for the market is lack of product differentiation in the market, the global paints and coatings market is expected to grow at a compound annual growth rate (CAGR) of 5.4% and reach US$196.20 billion by 2022 from $128.4 billion in 2014.