Market Size of Organic Coatings Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 93.93 Billion |
| Market Size (2029) | USD 112.31 Billion |
| CAGR (2024 - 2029) | 3.64 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Organic Coatings Market Analysis
The Organic Coatings Market size is estimated at USD 93.93 billion in 2024, and is expected to reach USD 112.31 billion by 2029, growing at a CAGR of 3.64% during the forecast period (2024-2029).
The market was negatively impacted by COVID-19 in 2020 due to restrictions on all industrial activities and disruptions in the supply chain. However, the sector has been recovering well since restrictions were lifted. The rise in the level of architectural activities is likely to positively impact the studied market.
- Over the short term, increasing usage of organic coatings in protective applications and the rising demand from the building and construction sector are some of the factors driving the market demand.
- The environmental concerns related to organic coatings and the availability of substitutes are the factors hindering the market's growth.
- The rising potential demand for eco-friendly organic coatings is likely to create opportunities for the market in the coming years.
- The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
