June 9, 2024

Paints and Coatings Market to Witness Comprehensive Growth by 2030

Precedence Research a new report on paints and coatings market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future. The global paints and coatings market size was valued at US$ 160.15 billion in 2021. The global paints and coatings market is projected to reach US$ 241.38 billion by 2030, registering a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2021 to 2030.

Paints and Coatings Market

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Paints and Coatings market Growth Factors:

Rising demand for high-performance coatings is one of the prime factors that driver the growth of the paints & coatings market. High-performance coating includes corrosion-resistant coatings, low-temperature and high-temperature coatings, and other coating products that are primarily used for commercial applications.

On the other hand, the fluctuating price of raw materials owing to the volatility in the prices of crude oil restricts the market growth for the paints & coatings product during the analysis period. In addition, stringent regulations pertaining to the implementation of solvent-borne paints & coatings expected to impart major challenges for the growth of the paints & coatings market.

Paints and Coatings Market Report Scope 
Report Highlights Details
Market Size USD 241.18 Billion by 2030
Growth Rate CAGR of 4.7% from 2021 to 2030
Largest Market Asia Pacific
Fastest Growing Market Europe
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Material Type, Product Type, Application Type, Region Type

The global paints and coatings market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2027. The report offers a detailed analysis and information as per paints and coatings, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.

The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.

paints and coatings Market Report Highlights
  • The Asia Pacific covered the major part of the global revenue and accounted for more than 35% share in 2019 owing to increasing construction activities and rising demand from the automotive industry
  • Europe holds the second largest position and accounted for more than 27% of value share in 2019 due to growing the construction activities across various countries
  • The waterborne segment dominated the global market with a value share of more than 37% in 2019 owing to rising spending in the construction industry
  • The solvent-borne coatings segment estimated to register slower growth rate compared to other types of products because of stringent government regulations for the products containing VOC
  • The architectural & decorative segment captured major market share and accounted for nearly 60% of value share in 2019 owing to significant development of road and rail infrastructure

Read Also@ Industrial Plastic Market Size is Anticipated to Grow US$ 109.20 Billion By 2027

Some of the prominent players in the paints and coatings market include:
  • Akzo Nobel N.V.
  • PPG Industries, Inc.
  • The Sherwin-Williams Company
  • Jotun
  • Axalta Coating Systems, LLC
  • RPM International Inc.
  • Henkel AG & Company, KGaA
  • BASF SE
  • Kansai Paint Co., Ltd.
  • Hempel A/S
  • Nippon Paint Holdings Co., Ltd.
  • Sika AG
  • Beckers Group
  • 3M
  • The Chemours Company
Paints and Coatings Market Segmentation

By Material

  • Polyester
  • Acrylic
  • Alkyd
  • Epoxy
  • Polyurethane
  • Others

By Product

  • Solvent-borne Coatings
  • Waterborne Coatings
  • Powder Coatings
  • High Solids/Radiation Curing
  • Others (Specialty Coatings)

By Application

  • Non-Architectural
    • Wood
    • Automotive & Transportation
    • General Industrial
    • Protective
    • Marine
    • Others
  • Architectural & Decorative

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Key Questions are

  • What are the key factors influencing the paints and coatings market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2021 and 2030?
  • What would be the Y-o-Y growth trend of the global market between 2021 and 2030?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

Research Objectives and Research Approach

The comprehensive report on the global paints and coatings market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global paints and coatings market.

It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global paints and coatings market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2027 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.

Why should you invest in this report?

If you are aiming to enter the global paints and coatings market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for paints and coatings are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

 Table of Contents

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. DataSources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Paints and Coatings Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Paints and Coatings Market

5.1. Covid-19: Paints and Coatings Industry Impact
5.2. Paints and Coatings Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Paints and Coatings Opportunities in the COVID-19 Landscape
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Paints and Coatings Manufacturers to deal with Covid-19 Pandemic Scenario

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition

Chapter 7. Global Paints and Coatings Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Paints and Coatings MarketRevenue (USD Million) by Manufacturer (2015-2020)
7.1.1.2. Paints and Coatings MarketRevenue (USD Million) Market Share by Manufacturer (2015-2020)
7.1.1.3. Paints and Coatings MarketProduction (tons) by Manufacturer (2015-2020)
7.1.1.4. Paints and Coatings MarketProduction (tons) Share by Manufacturer (2015-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Capacity Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers

Chapter 8. Global Paints and Coatings Market, By Product Type

8.1. Paints and Coatings Market, by Product Type, 2016-2027
8.1.1. Polyester
8.1.1.1. Market Revenue (USD Million) and Forecast (2016-2027)
8.1.1.2. Market Production (tons) and Forecast (2016-2027)
8.1.2. Acrylic
8.1.2.1. Market Revenue (USD Million) and Forecast (2016-2027)
8.1.2.2. Market Production (tons) and Forecast (2016-2027)
8.1.3. Alkyd
8.1.3.1. Market Revenue (USD Million) and Forecast (2016-2027)
8.1.3.2. Market Production (tons) and Forecast (2016-2027)
8.1.4. Epoxy
8.1.4.1. Market Revenue (USD Million) and Forecast (2016-2027)
8.1.4.2. Market Production (tons) and Forecast (2016-2027)
8.1.5. Polyurethane
8.1.5.1. Market Revenue (USD Million) and Forecast (2016-2027)
8.1.5.2. Market Production (tons) and Forecast (2016-2027)

Chapter 9. Global Paints and Coatings Market, By Application

9.1. Paints and Coatings Market, by Application, 2016-2027
9.1.1. Solvent-borne Coatings
9.1.1.1. Market Revenue (USD Million) and Forecast (2016-2027)
9.1.1.2. Market Consumption (tons) and Forecast (2016-2027)
9.1.2. Waterborne Coatings
9.1.2.1. Market Revenue (USD Million) and Forecast (2016-2027)
9.1.2.2. Market Consumption (tons) and Forecast (2016-2027)
9.1.3. Powder Coatings
9.1.3.1. Market Revenue (USD Million) and Forecast (2016-2027)
9.1.3.2. Market Consumption (tons) and Forecast (2016-2027)
9.1.4. High Solids/Radiation Curing
9.1.4.1. Market Revenue (USD Million) and Forecast (2016-2027)
9.1.4.2. Market Consumption (tons) and Forecast (2016-2027)
9.1.5. Others (Specialty Coatings)
9.1.5.1. Market Revenue (USD Million) and Forecast (2016-2027)
9.1.5.2. Market Consumption (tons) and Forecast (2016-2027)

Chapter 10. Global Paints and Coatings Market, By End-User

10.1. Paints and Coatings Market, by End-User, 2016-2027
10.1.1. Non-Architectural
10.1.1.1. Market Revenue (USD Million) and Forecast (2016-2027)
10.1.1.2. Market Consumption (tons) and Forecast (2016-2027)
10.1.2. Architectural & Decorative
10.1.2.1. Market Revenue (USD Million) and Forecast (2016-2027)
10.1.2.2. Market Consumption (tons) and Forecast (2016-2027)

Chapter 11. Global Paints and Coatings Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue (USD Million) and Production (tons) Forecast by Product (2016-2027)
11.1.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application (2016-2027)
11.1.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User (2016-2027)
11.1.4. U.S
11.1.4.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.1.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.1.5. Canada
11.1.5.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.1.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.2. Europe
11.2.1. Market Revenue (USD Million) and Production (tons) Forecast by Product (2016-2027)
11.2.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application (2016-2027)
11.2.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User (2016-2027)
11.2.4. UK
11.2.4.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.2.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.2.5. Germany
11.2.5.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.2.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.2.6. France
11.2.6.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.2.6.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.2.7. Rest of EU
11.2.7.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.2.7.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue (USD Million) and Production (tons) Forecast by Product (2016-2027)
11.3.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application (2016-2027)
11.3.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User (2016-2027)
11.3.4. China
11.3.4.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.3.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.3.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.3.6. Japan
11.3.6.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.3.6.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.3.7.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.4. LATAM
11.4.1. Market Revenue (USD Million) and Production (tons) Forecast by Product (2016-2027)
11.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application (2016-2027)
11.4.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User (2016-2027)
11.4.4. Brazil
11.4.4.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.4.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.4.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue (USD Million) and Production (tons) Forecast by Product (2016-2027)
11.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application (2016-2027)
11.5.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User (2016-2027)
11.5.4. GCC
11.5.4.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.5.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.5.5. North Africa
11.5.5.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.5.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.5.6. South Africa
11.5.6.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.5.6.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.5.7.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)

Chapter 12. Company Profiles

12.1. Akzo Nobel N.V.
12.1.1. Company Overview, Business Information, Manufacturing Area
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Application
12.1.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.1.4. Recent Developments and Strategies
12.2. PPG Industries, Inc.
12.2.1. Company Overview, Business Information, Manufacturing Area
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Application
12.2.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.2.4. Recent Developments and Strategies
12.3. The Sherwin-Williams Company
12.3.1. Company Overview, Business Information, Manufacturing Area
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Application
12.3.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.3.4. Recent Developments and Strategies
12.4. Jotun
12.4.1. Company Overview, Business Information, Manufacturing Area
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Application
12.4.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.4.4. Recent Developments and Strategies
12.5. Axalta Coating Systems, LLC
12.5.1. Company Overview, Business Information, Manufacturing Area
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Application
12.5.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.5.4. Recent Developments and Strategies
12.6. RPM International Inc.
12.6.1. Company Overview, Business Information, Manufacturing Area
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Application
12.6.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.6.4. Recent Developments and Strategies
12.7. Henkel AG & Company, KGaA
12.7.1. Company Overview, Business Information, Manufacturing Area
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Application
12.7.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.7.4. Recent Developments and Strategies
12.8. BASF SE
12.8.1. Company Overview, Business Information, Manufacturing Area
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Application
12.8.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.8.4. Recent Developments and Strategies
12.9. Kansai Paint Co., Ltd.
12.9.1. Company Overview, Business Information, Manufacturing Area
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Application
12.9.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.9.4. Recent Developments and Strategies
12.10. 3M
12.10.1. Company Overview, Business Information, Manufacturing Area
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Application
12.10.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.10.4. Recent Developments and Strategies
12.11. Beckers Group
12.11.1. Company Overview, Business Information, Manufacturing Area
12.11.2. Product Portfolio Analysis
12.11.2.1. Product Details, Specification, Application
12.11.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.11.4. Recent Developments and Strategies
12.12. Nippon Paint Holdings Co., Ltd.
12.12.1. Company Overview, Business Information, Manufacturing Area
12.12.2. Product Portfolio Analysis
12.12.2.1. Product Details, Specification, Application
12.12.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.12.4. Recent Developments and Strategies
12.13. The Chemours Company.
12.13.1. Company Overview, Business Information, Manufacturing Area
12.13.2. Product Portfolio Analysis
12.13.2.1. Product Details, Specification, Application
12.13.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.13.4. Recent Developments and Strategies
12.14. Sika AG
12.14.1. Company Overview, Business Information, Manufacturing Area
12.14.2. Product Portfolio Analysis
12.14.2.1. Product Details, Specification, Application
12.14.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.14.4. Recent Developments and Strategies
12.15. Hempel A/S
12.15.1. Company Overview, Business Information, Manufacturing Area
12.15.2. Product Portfolio Analysis
12.15.2.1. Product Details, Specification, Application
12.15.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.15.4. Recent Developments and Strategies

Chapter 13. Research Methodology

13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

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