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Paints and Coatings - Global Market Trajectory & Analytics

  • ID: 338614
  • Report
  • February 2022
  • Region: Global
  • 1064 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Akzo Nobel NV
  • BASF SE
  • DAW SE
  • Jotun Group
  • PPG Industries Inc.
  • Shalimar Paints Limited

Global Paints and Coatings Market to Reach $194 Billion by 2027


Amid the COVID-19 crisis, the global market for Paints and Coatings estimated at US$134.2 Billion in the year 2020, is projected to reach a revised size of US$194 Billion by 2027, growing at a CAGR of 5.4% over the analysis period 2020-2027. Acrylic, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$80.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polyester segment is readjusted to a revised 7% CAGR for the next 7-year period.



The U.S. Market is Estimated at $26.3 Billion, While China is Forecast to Grow at 7.5% CAGR


The Paints and Coatings market in the U.S. is estimated at US$26.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$59 Billion by the year 2027 trailing a CAGR of 7.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.

Alkyd Segment to Record 4.4% CAGR


In the global Alkyd segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$12.4 Billion in the year 2020 will reach a projected size of US$16.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$26.7 Billion by the year 2027, while Latin America will expand at a 4.1% CAGR through the analysis period.

Select Competitors (Total 371 Featured) -

  • Akzo Nobel NV
  • Asian Paints Limited
  • Axalta Coating Systems
  • BASF SE
  • Berger Paints India Limited
  • Brillux GmbH & Co. KG
  • Cromology SAS
  • DAW SE
  • Dunn-Edwards Corporation
  • Hempel A/S
  • JW Ostendorf GmbH & Co. KG
  • Jotun Group
  • Kansai Paint Co. Ltd
  • Nippon Paint Holdings Co., Ltd
  • NIPSEA Group
  • PPG Industries Inc.
  • RPM International Inc.
  • S K Kaken Co., Ltd
  • Shalimar Paints Limited
  • Sherwin-Williams Company
  • Teknos Group Oy
  • Tiger Coatings Gmbh & Co. Kg
  • Tikkurila OYJ
Frequently Asked Questions about the Global Market for Paints and Coatings

What is the estimated value of the Global Market for Paints and Coatings?

The Global Market for Paints and Coatings was estimated to be valued at $134.2 Billion in 2020.

What is the growth rate of the Global Market for Paints and Coatings?

The growth rate of the Global Market for Paints and Coatings is 5.4%, with an estimated value of $194.0 Billion by 2027.

What is the forecasted size of the Global Market for Paints and Coatings?

The Global Market for Paints and Coatings is estimated to be worth $194.0 Billion by 2027.

Who are the key companies in the Global Market for Paints and Coatings?

Key companies in the Global Market for Paints and Coatings include Akzo Nobel NV, Asian Paints Limited, Axalta Coating Systems, BASF SE, Berger Paints India Limited, Brillux GmbH & Co. KG, Cromology SAS, DAW SE and Edwards Corporation.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Akzo Nobel NV
  • BASF SE
  • DAW SE
  • Jotun Group
  • PPG Industries Inc.
  • Shalimar Paints Limited

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • Paints & Coatings Take Hit as Construction and Automotive Industries Reel Under the Pandemic
  • Business Confidence Index (BCI) Points for 3Q 2019, 4Q 2019, 1Q 2020, & 2Q 2020
  • Global Paints and Coatings Market - An Overview
  • Regional Analysis: Higher Adoption in Developing Regions Propel Consumption
  • World Paints & Coatings Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • World Paints & Coatings Market - Geographic Regions Ranked by CAGR (Sales) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, Canada, USA, Europe and Japan
  • Architectural Paints and Coatings: Growing Application Market Despite Slowdown in Global Construction Industry
  • Water Based Paints & Coatings: Dominant Technology to Witness Healthy Growth
  • Acrylic Resin: Dominant Resin Type
  • Competitive Scenario
  • Recent Market Activity
  • Paints and Coatings - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

  • SELECT GLOBAL BRANDS

3. MARKET TRENDS & DRIVERS

  • Prevailing COVID-19 Scenario in the Construction Sector Weakens Momentum in the Paints & Coatings Industry
  • World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Global Value of Megacity Construction Projects (US$ Billion) in 2019
  • Growth in Demand for Furniture to Sustain Demand for Paints & Coatings
  • GLOBAL Wooden Furniture Market in US$ billion: 2017-2025
  • Global Remodeling Market in US$ Trillion for the Years 2017, 2019, 2021, 2023 and 2025
  • Lackluster Growth Projected for Automotive Paints and Coatings Market
  • World Automobile Production in Million Units: 2008-2022
  • Rapid Urbanization to Drive Demand Prospects for Paints & Coatings Market
  • World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050P
  • Increasing Middle Class Population Worldwide Spurs Market Growth
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Augmented Demand for High-Performance Coatings to Boost Market Growth
  • Stringent Government Regulations Driving Demand for Environment-Friendly Coatings
  • Major Regulatory Concerns
  • Insulating Paints and Coatings Helping in Energy Saving
  • Key Innovations in the Paints & Coatings Sector
  • Introduction to Paints and Coatings
  • Definitions
  • Classification of Paints
  • Classification of Coatings
  • Raw Materials Used in Paints & Coatings

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Paints and Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Future Construction Spending to Bode Well for Architectural Paints & Coatings
  • Consumer Trends in the Architectural Paints & Coatings Market
  • Consumer Trends in the US Architectural Paints & Coatings Market (1980-2020): Paint Contractors vs. DIY
  • Market Pressures Give Birth to New Innovations in Automotive Coatings Category
  • Industrial Wood Paints & Coatings Poised to Grow at Steady Rate
  • Metallic Finishes Gain Prominence
  • Elastomeric Paints and Coatings in Demand
  • Regulations Dictate Paints & Coatings Demand

CANADA

JAPAN

  • Paints and Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Paints and Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Paints & Coatings Market to Witness Steady Growth
  • Chinese Construction Market- A Brief Overview
  • Architectural Paints & Coatings Exhibit Strong Growth Potential
  • Shift in Ship Building Activity to Fuel Demand for Marine Coatings
  • Foreign Brands vs. Local Brands

EUROPE

  • Paints and Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Paints and Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Paints and Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Paints and Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Paints and Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview
  • Construction Sector Offers Boost to Architectural Paints & Coatings
  • Asian Construction Market (2020E): Percentage Breakdown of Spend by Sector
  • Industrial Wood Application Segment to Surge
  • Growing Production of Automobiles to Spur Demand
  • Innovative Products Command Paints Market
  • Demand for Marine Coatings Steady

AUSTRALIA

  • Paints and Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Paints and Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Paints and Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Paints and Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Paints and Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 371
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Akzo Nobel NV
  • Asian Paints Limited
  • Axalta Coating Systems
  • BASF SE
  • Berger Paints India Limited
  • Brillux GmbH & Co. KG
  • Cromology SAS
  • DAW SE
  • Dunn-Edwards Corporation
  • Hempel A/S
  • JW Ostendorf GmbH & Co. KG
  • Jotun Group
  • Kansai Paint Co. Ltd
  • Nippon Paint Holdings Co., Ltd
  • NIPSEA Group
  • PPG Industries Inc.
  • RPM International Inc.
  • S K Kaken Co., Ltd
  • Shalimar Paints Limited
  • Sherwin-Williams Company
  • Teknos Group Oy
  • Tiger Coatings Gmbh & Co. Kg
  • Tikkurila OYJ
Note: Product cover images may vary from those shown