Market Size of Pakistan Paints and Coatings Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 400.82 Million |
| Market Size (2029) | USD 491.90 Million |
| CAGR (2024 - 2029) | 4.18 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Pakistan Paint Market Analysis
The Pakistan Paints and Coatings Market size is estimated at USD 400.82 million in 2024, and is expected to reach USD 491.90 million by 2029, growing at a CAGR of 4.18% during the forecast period (2024-2029).
During the outbreak of the COVID-19 outbreak, there was a negative impact on the Pakistan paints and coatings market. The major reason for the decline in Pakistan's paints & coatings included a shortage of raw materials, disruption in the supply chain, and lower demand from professional architecture, automotive, and aerospace industries due to lockdown, travel restrictions, and halt in production.
- Over the short term, the growing demand for paints and coatings from the architectural coatings segment and the furniture market will likely drive the market growth over the forecast period.
- However, fluctuating automotive industry and rising environmental concerns are going to hinder the market.
- Nevertheless, growing infrastructural activities in Pakistan may offer various opportunities for the market over the forecast period.
