Paints and Coating Market

Global Paints & Coatings Market to surpass USD 264.05 billion by 2030 from USD 158.47 billion in 2020 at a CAGR of 5.22% throughout the forecast period.

Product Overview Paint and coating refer to glossy material which is used to color, decorate, and provides texture to the objects. They protect the object from sunlight, oxidation, and improve the durability of the object. Paints basically enhance the beauty of the object whereas coatings offer both decoration and protection. Paint consists of pigments, additives, solvent, and binder. They can be in solid, liquid, and gaseous forms. They are applied on walls, metal surfaces, equipment, and others by various application techniques including brushes, scrapers, paint rollers, blades, other instruments, or body parts such as fingers and thumbs. Paints and coatings are primarily used in automotive, construction, architectural, and wood industries. Market Highlights Global Paints and Coatings Market is expected to project a notable CAGR of 5.22% in 2030. Global Paints and Coatings Market to surpass USD 264.05 billion by 2030 from USD 158.47 billion in 2020 at a CAGR of 5.22% throughout the forecast period, i.e., 2021-30. The demand for paints and coatings is expected to accelerate due to its properties such as wettability, adhesion, and corrosion resistance. Additionally, the advancements in automobiles and chemical industries have aided the growth of the global market. Paint and coatings are extensively used in the aerospace industry.

What's Inside a Bonafide Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

Download Sample

Recent Highlights in Global Paints and Coatings Market In April 2020, Akzo Nobel N.V purchased a Mauritius-based paint and coating manufacturer, Mauvilac Industries Limited to strengthen its position and increase its market share. In December 2018, PPG Industries Inc. announced to acquire the global coatings manufacturer Whitford Worldwide Corporation to expand its product portfolio. Global Paints and Coatings Market: Segments Acrylic segment to grow with the highest CAGR during 2021-30 Global Paints and Coatings Market is segmented by Resin into Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, and others. Acrylic segment held the largest market share in the year 2020 and will continue to dominate the market throughout the forecast period. This growth is attributed owing to its growing application in architectural paints and industrial coating. For the manufacturing of coats and varnishes, acrylic resins are widely used. They possess excellent stabilization and weathering properties which is making them suitable for usage in paints and coatings

Make this report your own

Have queries/questions regarding a report?

Take advantage of intelligence tailored to your business objective

Arun Kalwani

Arun Kalwani

Research Analyst

Waterborne segment to grow with the highest CAGR during 2021-30 Global Paints and Coatings market is bifurcated by Technology into Waterborne, Solvent-borne, Powder, and others. The waterborne segment held the largest market share in the year 2020 and will continue to dominate the market throughout the forecast period. Due to their low toxicity and flammability waterborne paints and coatings are primarily used in the architectural sector Architectural segment to grow with the highest CAGR during 2021-30 Global Paints and Coatings market is also segmented by application into Architectural and industrial segment. The architectural segment held the largest market share in the year 2020 and will continue to dominate the market throughout the forecast period. Paints and coatings are mostly used for the decoration of residential or non-residential buildings to protect against harmful UV rays and corrosion. Architectural paints and coatings are also used to enhance the interiors including wood flooring, wall paintings, sculptures, and furniture. Market Dynamics Drivers Advancement in Construction With the growing population, the investment in construction projects is increasing which has fueled the demand for Paints and coatings. Rapid urbanization and industrialization are rising the demand for building and infrastructure. Paints and coatings offer aesthetic and protective benefits to these structures.

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now
Arun Kalwani

Mounting demand from Automotive industry Mounting demand for automobiles on account of the rapid urbanization coupled with rising disposable income, changing lifestyle is expected to flourish the paints and coatings market. The component of automobiles is coated or painted with resins to protect them from rusting and corrosion. Technological advancements in the sector boosting the market as well. Various manufactures are introducing paints that are eco-friendly and follow the environmental regulations which are anticipated to drive the market. Restraint Fluctuating Price of Raw Materials The fluctuating price of raw materials is projected to hamper the market growth of paints & coatings. major key raw materials used in the manufacturing of paints & coatings are Oil derivatives and titanium dioxide. The prices fluctuate because of the gap in supply and demand of titanium dioxide. Global Market: Key Players PPG Industries Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis Akzo Nobel NV Asian Paints Ltd. Axalta Coating Systems BASF SE Berger Paints India Ltd. Diamond Vogel Paints Dow Inc. Hempel A/S Jotun A/S Kansai Paint Co., Ltd. KCC Corporation Other Prominent Players Global Paints and Coatings Market: Regions Global Paints and Coatings market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA. Global Paints and Coatings markets market in Asia Pacific held the largest market share in the year 2018. Asia Pacific will continue to dominate the global tinplate market due to its and rising demand from industrial applications and improving economic growth. Mounting construction activities and automotive in this region is fueling the demand for paints and coatings. Additionally, the easy accessibility of raw materials and less harsh laws regarding VOC emission accelerated the market in this region. Global Paints and Coatings market is further segmented by region into: North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA Global Paints and Coatings market report also contains analysis on: Paints and Coatings Market Segments: By Resin Acrylic Alkyd Epoxy Polyurethane Polyester Others By Technology Waterborne Solvent-borne Powder Others By Application Architectural Residential Non-residential Industrial Paints and Coatings Market Dynamics Paints and Coatings Market Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies Involved in the Market Value Chain of the Market Market Drivers and Restraints

Table of Contents

  • Contents
  • 1. Executive Summary
  • 2. Global Paints and Coatings Market
  • 2.1. Product Overview
  • 2.2. Market Definition
  • 2.3. Segmentation
  • 2.4. Assumptions and Acronyms
  • 3. Research Methodology
  • 3.1. Research Objectives
  • 3.2. Primary Research
  • 3.3. Secondary Research
  • 3.4. Forecast Model
  • 3.5. Market Size Estimation
  • 4. Average Pricing Analysis
  • 5. Macro-Economic Indicators
  • 6. Market Dynamics
  • 6.1. Growth Drivers
  • 6.2. Restraints
  • 6.3. Opportunity
  • 6.4. Trends
  • 7. Correlation & Regression Analysis
  • 7.1. Correlation Matrix
  • 7.2. Regression Matrix
  • 8. Recent Development, Policies & Regulatory Landscape
  • 9. Risk Analysis
  • 9.1. Demand Risk Analysis
  • 9.2. Supply Risk Analysis
  • 10. Global Paints and Coatings Market Analysis
  • 10.1. Porters Five Forces
  • 10.1.1. Threat of New Entrants
  • 10.1.2. Bargaining Power of Suppliers
  • 10.1.3. Threat of Substitutes
  • 10.1.4. Rivalry
  • 10.2. PEST Analysis
  • 10.2.1. Political
  • 10.2.2. Economic
  • 10.2.3. Social
  • 10.2.4. Technological
  • 11. Global Paints and Coatings Market
  • 11.1. Market Size & forecast, 2020A-2030F
  • 11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12. Global Paints and Coatings Market: Market Segmentation
  • 12.1. By Regions
  • 12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.2. By Resin: Market Share (2020-2030F)
  • 12.2.1. Acrylic, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.2.2. Alkyd, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.2.3. Epoxy, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.2.4. Polyurethane, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.2.5. Polyester, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.2.6. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.3. By Technology: Market Share (2020-2030F)
  • 12.3.1. Waterborne, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.3.2. Solvent borne, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.3.3. Powder, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.3.4. others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.4. By Application: Market Share (2020-2030F)
  • 12.4.1. Architectural, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.4.2. Industrial, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 13. Company Profile
  • 14. PPG Industries
  • 14.1. Company Overview
  • 14.2. Company Total Revenue (Financials)
  • 14.3. Market Potential
  • 14.4. Global Presence
  • 14.5. Key Performance Indicators
  • 14.6. SWOT Analysis
  • 14.7. Product Launch
  • 15. Akzo Nobel NV
  • 16. Asian Paints Ltd.
  • 17. Axalta Coating Systems
  • 18. BASF SE
  • 19. Berger Paints India Ltd.
  • 20. Diamond Vogel Paints
  • 21. Dow Inc.
  • 22. Hempel A/S
  • 23. Jotun A/S
  • 24. Kansai Paint Co., Ltd.
  • 25. KCC Corporation
  • 26. Other Prominent Players
  • Consultant Recommendation
  • **The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Why Bonafide Research?

  • Our seasoned industry experts bring diverse sector experience, tailoring methodologies to your unique challenges.
  • Leveraging advanced technology and time-tested methods ensures accurate and forward-thinking insights.
  • Operating globally with a local touch, our research spans borders for a comprehensive view of international markets.
  • Timely and actionable insights empower swift, informed decision-making in dynamic market landscapes.
  • We foster strong client relationships based on trust, transparency, and collaboration.
  • Our dedicated team adapts and evolves strategies to meet your evolving needs.
  • Upholding the highest standards of ethics and data security, we ensure confidentiality and integrity throughout the research process.

How client has rates us?

Requirement Gathering & Methodology
92%
Data Collection Techniques
97%
Our Research Team & Data Sourcing
93%
Data Science & Analytical Tools
81%
Data Visualization & Presentation Skills
86%
Project/ Report Delivery & After Sales Services
88%
Logo

Paints and Coating Market

We are friendly and approachable, give us a call.