
Study Period | 2019 - 2030 |
Market Size (2025) | USD 185.74 Billion |
Market Size (2030) | USD 223.49 Billion |
CAGR (2025 - 2030) | 3.77 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Paints And Coatings Market Analysis
The Paints And Coatings Market size is estimated at USD 185.74 billion in 2025, and is expected to reach USD 223.49 billion by 2030, at a CAGR of 3.77% during the forecast period (2025-2030).
The paints and coatings industry is experiencing a significant transformation driven by increasing environmental consciousness and regulatory pressures. Manufacturers are actively developing bio-based and eco-friendly coating solutions with low or zero volatile organic compounds (VOCs) to meet stringent environmental standards. This shift is particularly evident in the architectural and industrial coatings segments, where companies are investing heavily in research and development to create sustainable alternatives that maintain high-performance standards. The industry's focus on sustainability has led to innovations in raw material sourcing, with a growing emphasis on renewable and bio-based ingredients that reduce environmental impact while meeting consumer demands for quality and durability.
The marine and electronics sectors are emerging as crucial growth drivers for specialized coatings. The global marine fleet, which stood at 2.13 million dead-weight tons in 2021, requires advanced protective coatings to prevent corrosion and improve vessel efficiency. Similarly, the electronics industry, with its production valued at EUR 4.6 trillion and showing 9% growth in 2021, demands high-performance specialty coatings for circuit boards, sensors, and other electronic components. These specialized applications are driving innovation in coating technologies, particularly in areas such as conductivity, thermal management, and protection against environmental factors.
Infrastructure development and urbanization continue to shape the market landscape, particularly in emerging economies. The Infrastructure Consortium for Africa's record of USD 101 billion in new financial commitments highlights the scale of infrastructure investments driving paint and coatings demand. In developed markets, the focus has shifted toward renovation and rehabilitation projects, as evidenced by Canada's 12% increase in building permits to USD 7.8 billion in 2021. This trend is complemented by the growing adoption of smart city initiatives and sustainable building practices, which require advanced paint and coatings solutions for both aesthetic and functional purposes.
Technological advancements are revolutionizing coating formulations and application methods. The industry is witnessing increased adoption of nanotechnology-based coatings, self-healing formulations, and smart coatings that can respond to environmental conditions. These innovations are enabling new functionalities such as improved durability, enhanced weather resistance, and superior protection against microbial growth. Additionally, digitalization in manufacturing processes and the integration of artificial intelligence in coating development are optimizing product performance and application efficiency, while reducing waste and environmental impact.
Paints And Coatings Market Trends
Rapidly Increasing Construction Activities
The construction industry represents one of the largest consumers of construction paint and architectural coatings globally, accounting for nearly 40% of total consumption across various applications. This significant demand is driven by massive infrastructure development and urbanization initiatives across regions. For instance, according to the US Census Bureau, construction spending in December 2021 reached a seasonally adjusted annual rate of USD 1,639.9 billion, marking a 0.2% increase from the November estimate. The surge in both residential and commercial construction projects, including new housing developments, office buildings, warehouses, and retail spaces, continues to fuel the demand for decorative paints and interior paint.
The construction boom is particularly notable in emerging economies, with ambitious development plans reshaping urban landscapes. China's ongoing urbanization drive targets a 70% urbanization rate by 2030, necessitating extensive residential and commercial construction. Similarly, Hong Kong's housing authorities have launched initiatives to construct 301,000 public housing units by 2030. The aging population in various countries is also driving the construction of healthcare facilities and hospitals, while the service sector's growth has led to increased development of commercial and office spaces. These construction activities require various types of coatings, from primers and sealers to exterior coatings and protective coatings, thereby sustaining strong demand in the market.
Growth in the Furniture Market
The furniture industry's expansion has emerged as a significant driver for the paints and coatings market, with rising demand for new furniture from emerging countries creating substantial opportunities. The increasing expenditure on furniture goods among millennials, coupled with growing brand consciousness, has supported market revenue growth. The proliferation of e-commerce platforms offering various furniture designs and models is accelerating market growth in developing nations, while omnichannel distribution practices are helping key furniture players record higher revenues.
The sector's growth is further amplified by the improvement in living conditions and increasing willingness to invest in home decoration, particularly in emerging economies. For instance, in China, consumers' increasing purchasing power has driven the furniture market to grow substantially. The US furniture market, being the largest globally, consists of over 39,644 domestic and international businesses, with major companies like Ashley Furniture Industries, Ikea, Williams-Sonoma Inc., HNI Corporation, and Herman Miller maintaining significant production facilities. The trend toward smart homes and increasing appeal for high-end furniture is creating additional demand for specialized coatings that offer both aesthetic appeal and protective properties.
Diversification of Oil and Other Industries in the Middle East
Governments across the Middle Eastern region have identified manufacturing as an integral part of economic diversification and digitalization strategies. The region possesses several fundamental advantages for manufacturers, including its strategic geographic location as a natural trade hub between Asia, Europe, and Africa, excellent port and airport facilities, and adequate road transportation infrastructure. Various national visions and strategies, such as Saudi Arabia's Vision 2030, Bahrain's Economic Vision 2030, Abu Dhabi's Economic Vision 2030, and Dubai's Industrial Strategy 2030, feature manufacturing growth as a key pillar of diversification.
The region's industrial diversification efforts are supported by the easy availability of raw materials, attracting global manufacturers to establish production hubs. For example, Bahrain hosts the world's largest single-site aluminum smelter and one of the top ten fiberglass production plants globally, providing opportunities for companies to establish downstream operations. The expansion of the industrial sector promotes the construction of manufacturing plants, warehouses, office spaces, and other infrastructure, all requiring industrial paint for various applications including flooring systems exposed to constant traffic, mechanical wear, corrosive liquids, heavy impact, and elevated temperatures.
Segment Analysis: By Resin
Acrylic Segment in Paints and Coatings Market
The acrylic segment dominates the global paints and coatings market, commanding approximately 35% of the total market share in 2024. Acrylic paint resins are widely preferred due to their versatility and superior performance characteristics, including transparency, high colorability, and excellent UV resistance. The segment's dominance is particularly evident in waterborne systems, where acrylic coatings provide elastomeric finishes to improve UV resistance in applications such as walls, decks, and roofing. Additionally, acrylic resins are experiencing the fastest growth rate in the market, projected to grow at around 4% from 2024 to 2029, driven by increasing demand for eco-friendly coatings with low VOC emissions and the expanding architectural sector. The segment's growth is further supported by its extensive use in marine vessels, automotive applications, electrical products, machinery, and various metal products.

Remaining Segments in Paints and Coatings Market by Resin
The paints and coatings market encompasses several other significant resin segments, including epoxy coatings, polyurethane coatings, alkyd, polyester, and other specialty resins. Epoxy coatings are crucial in protective coatings for metal and concrete surfaces, offering exceptional chemical and corrosion resistance. Polyurethane coatings provide superior durability and weather resistance, making them ideal for automotive and industrial applications. Alkyd resins maintain their importance in traditional applications due to their cost-effectiveness and versatility, particularly in decorative paints. Polyester resins serve specialized applications requiring high mechanical strength and chemical resistance. Other specialty resins cater to niche applications, including fluoropolymers for high-performance coatings and bio-based resins for environmentally conscious applications.
Segment Analysis: By Technology
Waterborne Segment in Paints and Coatings Market
Waterborne coatings dominate the global paints and coatings market, holding approximately 50% market share in 2024. This significant market position is primarily driven by their eco-friendly nature and lower volatile organic compounds (VOCs) compared to traditional alternatives. The segment's popularity stems from additional advantages including low odor, enhanced durability, and superior block resistance. Waterborne coatings constitute a major portion as solvents, binders, pigments, and performance additives, with proportions varying based on specific application requirements. The architectural coatings segment particularly drives demand, especially in developing economies, supported by substantial investments in infrastructure developments, housing projects, and renovation of existing residential and commercial buildings. The automotive industry's steady shift toward waterborne acrylics, especially in automotive basecoats, further strengthens this segment's market position. The segment's growth is also bolstered by increasing environmental regulations and growing consumer preference for sustainable coating solutions.
Powder Coating Segment in Paints and Coatings Market
The powder coating segment represents a rapidly evolving sector within the paints and coatings market, demonstrating strong growth potential through 2024-2029. This coating technology stands out for its unique application process, where dry paint is applied to parts through electrostatic charging and grounding. The segment's growth is driven by its environmental benefits, producing no VOCs and offering easy application methods that result in higher quality finishes. Powder coatings find extensive applications across automotive, woodwork and furniture, building and construction, electrical, and domestic appliances industries. The technology's popularity is particularly evident in consumer goods and industrial applications, with protective coatings segments such as oil and gas and pipe coatings showing remarkable growth. Growing support from regulatory agencies like EPA and REACH, due to negligible VOC emissions, continues to drive adoption rates across various industries.
Remaining Segments in Technology
The solvent-borne and UV-cured coating segments complete the technology landscape in the paints and coatings market. Solvent-borne coatings maintain their significance due to their superior performance in challenging environmental conditions and lower susceptibility to temperature and humidity during curing compared to water-based alternatives. Meanwhile, UV-cured coatings have carved out a specialized niche, particularly in heat-sensitive substrates like plastic and thin films, offering advantages such as reduced energy consumption and minimal VOC content. These segments continue to evolve with technological advancements and find specialized applications across various industries, though their growth is moderated by increasing environmental regulations and the shift toward more sustainable alternatives.
Segment Analysis: By End-User Industry
Architectural Segment in Global Paints and Coatings Market
The architectural segment continues to dominate the global paints and coatings market, holding approximately 47% of the total market share in 2024. This significant market position is primarily driven by the robust growth in both residential and commercial construction activities worldwide. The segment's strength is particularly evident in the Asia-Pacific region, where rapid urbanization and infrastructure development projects are creating substantial demand for architectural coatings. The segment encompasses both interior and exterior applications, with durability, hide, stain resistance, and low VOC being integral functionalities in modern formulations. The increasing focus on sustainable and eco-friendly building materials has also contributed to innovations in architectural coatings, with manufacturers developing products that offer enhanced environmental performance while maintaining superior protective and decorative properties.
Wood Segment in Global Paints and Coatings Market
The wood coatings segment is emerging as the fastest-growing segment in the global paints and coatings market, with a projected growth rate of approximately 5% during 2024-2029. This remarkable growth is being driven by the expanding furniture industry and increasing demand for high-quality wood finishes in both residential and commercial applications. The segment is witnessing significant technological advancements, particularly in UV-cured coatings and water-based formulations, which offer improved performance characteristics while meeting stringent environmental regulations. The growing preference for customized furniture and the rising popularity of wooden flooring in luxury housing projects are further accelerating the demand for wood coatings. Additionally, the segment is benefiting from innovations in coating technologies that provide enhanced protection against UV radiation, moisture, and mechanical wear while maintaining the natural aesthetics of wood surfaces.
Remaining Segments in End-User Industry
The other significant segments in the paints and coatings market include automotive, protective coatings, general industrial coatings, transportation, and packaging. The automotive segment maintains its importance through consistent demand from both OEM and refinish sectors, while protective coatings serve crucial applications in infrastructure, marine, and industrial sectors. The general industrial segment caters to diverse applications including electrical equipment, consumer durables, and metal coatings products. The transportation segment focuses on specialized coatings for aerospace, railways, and marine vessels, while the packaging segment serves the food and beverage industry with innovative coating solutions. Each of these segments contributes uniquely to the market's dynamics, driven by specific technological requirements and end-user demands, while continuously evolving to meet increasingly stringent performance and environmental standards.
Paints and Coatings Market Geography Segment Analysis
Paints and Coatings Market in Asia-Pacific
The Asia-Pacific region represents the largest and most dynamic paints and coatings market globally, driven by rapid industrialization, urbanization, and infrastructure development across multiple countries. The region encompasses major economies including China, India, Japan, South Korea, and emerging markets like Indonesia, Vietnam, and Thailand. The construction sector's robust growth, particularly in residential and commercial segments, combined with expanding automotive and industrial manufacturing sectors, continues to fuel demand. Countries like Australia, New Zealand, and Singapore contribute significantly through their stringent quality requirements and sustainable coating solutions, while developing nations like Bangladesh and Sri Lanka show promising growth potential through increasing infrastructure investments.

Paints and Coatings Market in China
China dominates the Asia-Pacific paints and coatings market as the largest consumer and producer in the region. The country's massive construction industry, which accounts for approximately 20% of all global construction investment, drives substantial demand for architectural coatings. China holds nearly 56% market share in the Asia-Pacific region. The country's focus on urbanization, with a target rate of 70% for 2030, continues to drive residential construction demand. The nation's commitment to infrastructure development is evident through numerous mega-projects, including high-rise buildings, transportation infrastructure, and commercial complexes. The automotive and industrial sectors further augment demand, supported by the country's position as a global manufacturing hub.
Paints and Coatings Market in Vietnam
Vietnam emerges as the fastest-growing market in the Asia-Pacific region, with a projected growth rate of approximately 6% during 2024-2029. The country's rapid industrial development and increasing foreign direct investment in manufacturing sectors drive this growth. Vietnam's strategic position in global supply chains has attracted numerous tech giants, including Samsung, Apple, Google, Nintendo, and Kyocera, who are relocating parts of their production facilities to the country. The nation's robust wood-based furniture production sector, comprising over 5,500 enterprises and 340 villages, creates substantial demand for wood coatings. Additionally, the government's supportive policies for automotive manufacturing and infrastructure development further boost market growth.
Paints and Coatings Market in North America
The North American paints and coatings market demonstrates strong market fundamentals, supported by technological advancement and innovation across various end-user industries. The region benefits from a well-established manufacturing base, stringent quality standards, and an increasing focus on sustainable coating solutions. The United States, Canada, and Mexico each contribute uniquely to the market dynamics, with varying degrees of industrial development and construction activity. The region's automotive sector, aerospace industry, and robust construction market continue to drive demand for high-performance automotive coatings.
Paints and Coatings Market in United States
The United States maintains its position as the dominant force in the North American paints and coatings market, holding approximately 85% market share in the region. As one of the world's largest and most technologically advanced economies, the country boasts more than 1,400 manufacturing companies in the paint & coatings sector. The nation's construction industry, particularly in residential and commercial segments, drives substantial demand. The country's focus on infrastructure development, coupled with strong automotive and aerospace sectors, maintains steady demand for various coating applications.
Paints and Coatings Market in Canada
Canada emerges as the fastest-growing market in North America, with an expected growth rate of approximately 3% during 2024-2029. The country's growth is driven by steady expansion in both residential and commercial construction sectors, with notable developments in skyscraper construction, particularly in Toronto. The government's various infrastructure initiatives, including the New Building Canada Plan and Affordable Housing Initiative, support market growth. The country's focus on sustainable development and environmental regulations shapes the demand for eco-friendly powder coatings solutions.
Paints and Coatings Market in Europe
The European paints and coatings market is characterized by its mature industry structure, stringent environmental regulations, and strong focus on sustainable solutions. The region encompasses diverse markets including Germany, France, the United Kingdom, Italy, and emerging economies in Eastern Europe. The market benefits from robust automotive and construction sectors, particularly in Western European countries, while Eastern European nations offer growth opportunities through increasing industrialization and infrastructure development.
Paints and Coatings Market in Germany
Germany stands as the largest paints and coatings market in Europe, driven by its position as Europe's largest economy and manufacturing powerhouse. The country hosts around 300 paints and printing inks manufacturers, with many small and medium-sized companies contributing to the industry's diversity. Germany's strong automotive sector, coupled with its robust construction industry and growing focus on sustainable building practices, maintains steady demand for various coating applications, including industrial coatings and protective coatings.
Paints and Coatings Market in Turkey
Turkey represents the fastest-growing market in Europe, driven by its expanding construction sector and strategic position between Europe and Asia. The country's ambitious infrastructure development plans, including numerous transportation projects and urban development initiatives, fuel market growth. Turkey's growing manufacturing sector, particularly in automotive and industrial applications, further supports the expansion of the paints and coatings market.
Paints and Coatings Market in South America
The South American paints and coatings market demonstrates significant potential for growth, despite economic challenges in various countries. The region encompasses major markets including Brazil, Argentina, Colombia, and Chile, each with distinct market dynamics and growth drivers. Brazil emerges as both the largest and fastest-growing market in the region, supported by its extensive industrial base and construction sector. The region's focus on infrastructure development, coupled with growing automotive and industrial sectors, continues to drive demand for various coating applications, including marine coatings.
Paints and Coatings Market in Middle East
The Middle Eastern paints and coatings market is characterized by ambitious construction projects and infrastructure development initiatives across Saudi Arabia, UAE, Qatar, Kuwait, and Egypt. The region's focus on economic diversification away from oil dependency has led to increased investments in construction and industrial sectors. Saudi Arabia maintains its position as the largest market in the region, while Egypt shows the fastest growth potential, driven by extensive infrastructure and construction projects.
Paints and Coatings Market in Africa
The African paints and coatings market presents significant growth opportunities, driven by rapid urbanization and increasing infrastructure investments across the continent. The region, including South Africa, Nigeria, Algeria, and Morocco, benefits from growing construction activities and industrial development. South Africa leads the market as both the largest and fastest-growing country in the region, supported by its well-developed manufacturing sector and increasing infrastructure investments.
Paints And Coatings Industry Overview
Top Companies in Paints and Coatings Market
The global paints and coatings market is characterized by intense competition among major players who are continuously investing in research and development to strengthen their market positions. Companies are focusing on developing innovative products, particularly in sustainable and eco-friendly coating solutions, while simultaneously expanding their manufacturing capabilities across different regions. Strategic acquisitions and partnerships have become increasingly common as companies seek to enhance their technological capabilities and geographic presence. Market leaders are also emphasizing operational efficiency through digital transformation initiatives and automation of manufacturing processes. Additionally, there is a growing trend toward vertical integration and the development of specialized coating solutions for emerging applications like electric vehicles and smart buildings.
Consolidated Market with Strong Regional Players
The paints and coatings industry exhibits a partially consolidated structure with a mix of global conglomerates and regional specialists. Major international players like Sherwin-Williams, PPG Industries, AkzoNobel, and Nippon Paint dominate the global market through their extensive product portfolios and strong distribution networks. These companies leverage their technological expertise and brand reputation to maintain market leadership, while regional players focus on specific market segments or geographical areas where they have established strong customer relationships and an understanding of local preferences.
The market has witnessed significant merger and acquisition activity as companies seek to expand their geographical footprint and strengthen their technological capabilities. Large companies are actively acquiring smaller, specialized coating manufacturers to enter new market segments and gain access to innovative technologies. Regional players are also forming strategic alliances and joint ventures to compete more effectively with global giants. This consolidation trend is particularly evident in emerging markets where local companies are either being acquired by global players or are scaling up their operations through strategic partnerships.
Innovation and Sustainability Drive Future Growth
Success in the paints and coatings industry increasingly depends on companies' ability to develop sustainable products while maintaining cost competitiveness. Incumbent players are investing heavily in research and development to create environmentally friendly coating solutions that meet stringent regulatory requirements while delivering superior performance. Companies are also focusing on developing specialized products for high-growth sectors like automotive, construction, and industrial coatings applications. Digital transformation and smart coating technologies are becoming crucial differentiators as customers demand more sophisticated solutions.
For new entrants and smaller players, success lies in identifying and serving niche markets with specialty coatings solutions. Companies need to focus on building strong relationships with end-users and developing products that address specific industry challenges. The ability to navigate regulatory requirements, particularly regarding environmental protection and safety standards, is becoming increasingly important. Market players must also maintain operational flexibility to respond to changing customer preferences and market conditions. Investment in sustainable technologies and eco-friendly products will be crucial for long-term success, as environmental considerations continue to influence purchasing decisions across all market segments.
Paints And Coatings Market Leaders
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The Sherwin-Williams Company
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PPG Industries Inc.
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AkzoNobel NV
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Nippon Paint Holdings Co. Ltd
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BASF SE
- *Disclaimer: Major Players sorted in no particular order

Paints And Coatings Market News
- October 2024: PPG Industries, Inc. has finalized a deal to divest its architectural coatings business in the U.S. and Canada, with a transaction value of USD 550 million, selling it to American Industrial Partners (AIP).
- October 2024: AkzoNobel N.V. plans to exit its India business after 70 years due to rising competition. The firm seeks an all-cash deal valuing its Indian arm at USD 2.5-3 billion. Potential buyers include JSW Group, Adani Group, Aditya Birla Group, and Asian Paints Ltd.
Paints And Coatings Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
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4.1 Drivers
- 4.1.1 Surge In Investments for Residential Constructions
- 4.1.2 Enhanced Investments in Automotive Production to Drive Up the Demand for Paints and Coatings
-
4.2 Restraints
- 4.2.1 Stringent Global VOC Regulations to Hamper Market Growth
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
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5.1 Resin
- 5.1.1 Acrylic
- 5.1.2 Alkyd
- 5.1.3 Polyurethane
- 5.1.4 Epoxy
- 5.1.5 Polyester
- 5.1.6 Other Resins
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5.2 Technology
- 5.2.1 Water-Borne Coatings
- 5.2.2 Solvent-Borne Coatings
- 5.2.3 Powder Coatings
- 5.2.4 UV-cured Technologies
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5.3 End-user Industry
- 5.3.1 Architectural
- 5.3.2 Automotive
- 5.3.3 Wood
- 5.3.4 Protective Coatings
- 5.3.5 General Industrial
- 5.3.6 Transportation
- 5.3.7 Packaging Coatings
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5.4 Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 Indonesia
- 5.4.1.5 Australia and New Zealand
- 5.4.1.6 South Korea
- 5.4.1.7 Thailand
- 5.4.1.8 Malaysia
- 5.4.1.9 Philippines
- 5.4.1.10 Bangladesh
- 5.4.1.11 Vietnam
- 5.4.1.12 Singapore
- 5.4.1.13 Sri Lanka
- 5.4.1.14 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 United States
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 United Kingdom
- 5.4.3.3 France
- 5.4.3.4 Italy
- 5.4.3.5 Benelux
- 5.4.3.6 Russia
- 5.4.3.7 Turkey
- 5.4.3.8 Switzerland
- 5.4.3.9 Scandinavian Countries
- 5.4.3.10 Poland
- 5.4.3.11 Portugal
- 5.4.3.12 Spain
- 5.4.3.13 Rest of Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Colombia
- 5.4.4.4 Chile
- 5.4.4.5 Rest of South America
- 5.4.5 Middle East
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 Qatar
- 5.4.5.3 United Arab Emirates
- 5.4.5.4 Kuwait
- 5.4.5.5 Egypt
- 5.4.5.6 Rest of Middle East
- 5.4.6 Africa
- 5.4.6.1 South Africa
- 5.4.6.2 Nigeria
- 5.4.6.3 Algeria
- 5.4.6.4 Morocco
- 5.4.6.5 Rest of Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%) Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Akzo Nobel NV
- 6.4.2 Asian Paints
- 6.4.3 Axalta Coating Systems Ltd.
- 6.4.4 BASF SE
- 6.4.5 Berger Paints India Limited
- 6.4.6 Hempel AS
- 6.4.7 Jotun
- 6.4.8 Kansai Paint Co. Ltd
- 6.4.9 Nippon Paint Holdings Co. Ltd
- 6.4.10 PPG Industries Inc.
- 6.4.11 RPM International Inc.
- 6.4.12 The Sherwin-Williams Company
- *List Not Exhaustive
- 6.5 List of Other Prominent Companies
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Rising Demand for Sustainable Coatings
- 7.2 Development in the Automotive Sector in Saudi Arabia
Paints And Coatings Industry Segmentation
Paints and coatings are homogeneous mixtures of pigments, binders, additives, and various other components. Upon application on a substrate, the products make a thin layer of the solid film through polymerization or evaporation. Paints and coatings are widely used to improve the aesthetics and protect the substrate from deterrents like corrosion and others.
The paints and coatings market is segmented by resin, technology, end-user industry, and geography. By resin, the market is segmented into acrylic, alkyd, polyurethane, epoxy, polyester, and other resin types (PVA, fluoropolymers, and polyaspartic resins). By technology, the market is segmented into water-borne coatings, solvent-borne coatings, powder coatings, and UV-cured technologies. By end-user industry, the market is segmented into architectural, automotive, wood, protective coatings, general industrial, transportation, and packaging coatings. The report also covers the market size and forecasts for the paints and coatings market in 39 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD).
Resin | Acrylic | ||
Alkyd | |||
Polyurethane | |||
Epoxy | |||
Polyester | |||
Other Resins | |||
Technology | Water-Borne Coatings | ||
Solvent-Borne Coatings | |||
Powder Coatings | |||
UV-cured Technologies | |||
End-user Industry | Architectural | ||
Automotive | |||
Wood | |||
Protective Coatings | |||
General Industrial | |||
Transportation | |||
Packaging Coatings | |||
Geography | Asia-Pacific | China | |
India | |||
Japan | |||
Indonesia | |||
Australia and New Zealand | |||
South Korea | |||
Thailand | |||
Malaysia | |||
Philippines | |||
Bangladesh | |||
Vietnam | |||
Singapore | |||
Sri Lanka | |||
Rest of Asia-Pacific | |||
North America | United States | ||
Canada | |||
Mexico | |||
Europe | Germany | ||
United Kingdom | |||
France | |||
Italy | |||
Benelux | |||
Russia | |||
Turkey | |||
Switzerland | |||
Scandinavian Countries | |||
Poland | |||
Portugal | |||
Spain | |||
Rest of Europe | |||
South America | Brazil | ||
Argentina | |||
Colombia | |||
Chile | |||
Rest of South America | |||
Middle East | Saudi Arabia | ||
Qatar | |||
United Arab Emirates | |||
Kuwait | |||
Egypt | |||
Rest of Middle East | |||
Africa | South Africa | ||
Nigeria | |||
Algeria | |||
Morocco | |||
Rest of Africa |
Paints And Coatings Market Research FAQs
How big is the Paints And Coatings Market?
The Paints And Coatings Market size is expected to reach USD 185.74 billion in 2025 and grow at a CAGR of 3.77% to reach USD 223.49 billion by 2030.
What is the current Paints And Coatings Market size?
In 2025, the Paints And Coatings Market size is expected to reach USD 185.74 billion.
Who are the key players in Paints And Coatings Market?
The Sherwin-Williams Company, PPG Industries Inc., AkzoNobel NV, Nippon Paint Holdings Co. Ltd and BASF SE are the major companies operating in the Paints And Coatings Market.
Which is the fastest growing region in Paints And Coatings Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Paints And Coatings Market?
In 2025, the Asia Pacific accounts for the largest market share in Paints And Coatings Market.
What years does this Paints And Coatings Market cover, and what was the market size in 2024?
In 2024, the Paints And Coatings Market size was estimated at USD 178.74 billion. The report covers the Paints And Coatings Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Paints And Coatings Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Paints And Coatings Market Research
Mordor Intelligence provides a comprehensive analysis of the paints and coatings industry, utilizing decades of expertise in market research consulting. Our extensive report covers everything from industrial coatings to decorative paints. It includes detailed segments such as powder coatings, protective coatings, and specialty coatings. The analysis examines crucial applications across automotive coatings, aerospace coatings, marine coatings, and wood coatings. Additionally, it explores technical innovations in waterborne coatings, polyurethane coating, and epoxy coating technologies.
Stakeholders across the value chain can access our detailed report PDF, which provides actionable insights into paints and coatings market trends and the paints and coatings market size. The analysis covers emerging developments in architectural coatings, interior paint applications, and exterior coatings solutions. Our research is particularly beneficial for manufacturers of primer, acrylic paint, enamel paint, and latex paint products. It offers strategic insights into industrial coatings market dynamics and growth opportunities. The downloadable report delivers an in-depth examination of metal coatings applications and construction paint developments, supported by robust paint and coating industry analysis methodologies.