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Paints & Coatings Market Size, Share & Trends Analysis Report by Product (Powdered, Solvent-borne), by Material (Acrylic, Epoxy), by Application (Architectural & Decorative, Non Architectural), and Segment Forecasts, 2020 - 2027

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    Report

  • August 2020
  • Region: Global
  • Grand View Research
  • ID: 4375421
Paints & Coatings Market Growth & Trends

The global paints and coatings market size is anticipated to reach USD 202.7 billion by 2027, registering a CAGR of 4.3% over the forecast period. The market is expected to witness significant growth in emerging economies, such as India, China, and Indonesia. This growth is attributed to the boom in the global construction industry and increasing demand for paints and coatings from durable goods, motor vehicles, and industrial maintenance applications.

The demand for water-based paints & coatings is expected to rise over the forecast period on account of various regulations regarding VOCs and Hazardous Air Pollutants (HAPs) and increasing awareness about the adverse effects of solvent-based paints & coatings. The set of rules applicable for paints & coatings manufacturing are very stringent due to the carcinogenic and flammable properties of solvents. Therefore, VOC-free powder- and water-based coatings are expected to have high demand over the forecast period. The global market is heading toward major consolidations to increase efficiency, support growth, and achieve more leverage with suppliers and customers.

Market consolidation has become a long-term trend, particularly in the western market, with limited organic growth. For instance, the market in America has been consolidating for decades, wherein key players are entering mergers & acquisitions to complement the strong organic growth and increase efficiencies through scale or improved processes. Recent deals, such as The Sherwin-Williams Company and The Valspar Corporation merger and Nippon Paint Holdings Co., Ltd. and Dunn-Edwards Corp. merger, reflect the ongoing trend of consolidation across the industry in the western market.

Paints & Coatings Market Report Highlights
  • The global market was valued at USD 146.2 billion in 2019 and is estimated to grow at a CAGR of 4.3% from 2020 to 2027.
  • Polyurethane material segment is expected to witness the highest CAGR of 5.3% over the forecast period.
  • The significant CAGR is attributed to the excellent performance of polyurethane materials in extreme temperatures and varied environmental conditions along with wide usage in structural steel, flooring & roofing, truck bed liners, marine applications.
  • The architectural and decorative segment accounted for the highest revenue share in 2019 and will expand further at a steady CAGR from 2020 to 2027.
  • China accounted for over 17.7% of the overall revenue in 2019. The rising number of infrastructure development projects and the growing manufacturing industry in the country are expected to drive the regional market over the forecast period.


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Table of Contents

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research scope and assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources
1.3.4 Third Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
1.7 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Summary
2.2 Segmental Outlook
Chapter 3 Paints and Coatings Market-Variables, Trends, and Scope
3.1 Market Lineage Outlook
3.1.1 Global Paints and Coatings Market Outlook
3.2 Penetration & Growth Prospects Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Material Trends
3.4 Technology Overview
3.4.1 Solvent-Based
3.4.2 Water-Based
3.4.3 Powder Coating
3.5 Regulatory Framework
3.5.1 Standard & Compliances
3.5.2 Safety
3.5.2.1 Acrylic Resin
3.5.2.2 Epoxy Resin
3.5.2.3 Polyurethane Resin
3.5.2.4 Alkyd Resin
3.5.2.5 Alkyd Resin
3.6 Market Driver Analysis
3.6.1 Growing Construction Activities Are Pushing The Demand For Paints and Coatings Market
3.6.2 Increasing Awareness Regarding Environmentally Friendly and Sustainable Alternatives Is Anticipated To Boost The Paint and Coatings Market
3.7 Market Restraint
3.7.1 Stringent Regulations Regarding Toxic Solvents
3.8 Business Environment Analysis: Paints and Coatings Market
3.8.1 Porters Five Forces Analysis
3.8.2 Pestel Analysis
Chapter 4 Paints and Coatings Market: Product Estimates & Trend Analysis
4.1 Paints and coatings market: Product Movement Analysis & Market Share, 2019 & 2027
4.2 High solids/radiation curing
4.2.1 Paints and Coatings Market Estimates and Forecasts, By High Solids/Radiation Curing, 2016-2027 (Kilotons) (USD Million)
4.3 Powder-Based
4.3.1 Paints and Coatings Market Estimates and Forecasts, By Powder-Based, 2016-2027 (Kilotons) (USD Million)
4.4 Water-Borne
4.4.1 Paints and Coatings Market Estimates and Forecasts, By Water- Borne, 2016-2027 (Kilotons) (USD Million)
4.5 Solvent-Borne
4.5.1 Paints and Coatings Market Estimates and Forecasts, By Solvent- Borne, 2016-2027 (Kilotons) (USD Million)
4.6 Others
4.6.1 Paints and Coatings Market Estimates and Forecasts, By Others, 2016-2027 (Kilotons) (USD Million)
Chapter 5 Paints and Coatings Market: Material Estimates & Trend Analysis
5.1 Paints and coatings market: Material Movement Analysis & Market Share, 2019 & 2027
5.2 Acrylic
5.2.1 Paints and Coating Market Estimates and Forecasts, By Acrylic, 2016-2027 (Kilotons) (USD Million)
5.3 Alkyd
5.3.1 Paints and Coating Market Estimates and Forecasts, By Alkyd, 2016-2027 (Kilotons) (USD Million)
5.4 Polyurethane
5.4.1 Paints and Coating Market Estimates and Forecasts, By Polyurethane, 2016-2027 (Kilotons) (USD Million)
5.5 Epoxy
5.5.1 Paints and Coating Market Estimates and Forecasts, By Epoxy, 2016-2027 (Kilotons) (USD Million)
5.6 Polyester
5.6.1 Paints and Coating Market Estimates and Forecasts, By Polyester, 2016-2027 (Kilotons) (USD Million)
5.7 Others
5.7.1 Paints and Coating Market Estimates and Forecasts, By Others, 2016-2027 (Kilotons) (USD Million)
Chapter 6 Paints and Coatings Market: Application Estimates & Trend Analysis
6.1 Paints and Coatings Market: Application Movement Analysis & Market Share, 2019 & 2027
6.2 Architectural & Decorative
6.2.1 Paints and Coating Market Estimates and Forecasts, In Architectural & Decorative, 2016-2027 (Kilotons) (USD Million)
6.3 Non-Architectural
6.3.1 Paints and Coating Market Estimates and Forecasts, In Non-Architectural, 2016-2027 (Kilotons) (USD Million)
6.3.1.1 Automotive & Transportation
6.3.1.2 Wood
6.3.1.3 General Industrial
6.3.1.4 Marine
6.3.1.5 Protective
6.3.1.6 Others
Chapter 7 Paints and Coatings Market: Regional Estimates & Trend Analysis
7.1 Paints and Coatings market: Region Movement Analysis & Market Share, 2019 & 2027
7.2 North America
7.2.1 North America Paints and Coatings Market Estimates and Forecasts, 2016-2027 (Kilotons) (USD Million)
7.2.2 North America Paints and Coatings Market Estimates and Forecasts, By Product, 2016-2027 (Kilotons) (USD Million)
7.2.3 North America Paints and Coatings Market Estimates and Forecasts, By Material, 2016-2027 (Kilotons) (USD Million)
7.2.4 North America Paints and Coatings Market Estimates and Forecasts, By Application, 2016-2027 (Kilotons) (USD Million)
7.2.5 The U.S.
7.2.5.1 The U.S. Paints and Coatings Market Estimates and Forecasts, 2016-2027 (Kilotons) (USD Million)
7.2.5.2 The U.S. Paints and Coatings Market Estimates and Forecasts, By Product, 2016-2027 (Kilotons) (USD Million)
7.2.5.3 The U.S. Paints and Coatings Market Estimates and Forecasts, By Material, 2016-2027 (Kilotons) (USD Million)
7.2.5.4 The U.S. Paints and Coatings Market Estimates and Forecasts, By Application, 2016-2027 (Kilotons) (USD Million)
7.2.6 Canada
7.2.6.1 Canada Paints and Coatings market estimates and forecasts, 2016-2027 (KiloTons) (USD Million)
7.2.6.2 Canada Paints and Coatings Market Estimates and Forecasts, By Product, 2016-2027 (Kilotons) (USD Million)
7.2.6.3 Canada Paints and Coatings Market Estimates and Forecasts, By Material, 2016-2027 (Kilotons) (USD Million)
7.2.6.4 Canada Paints and Coatings Market Estimates and Forecasts, By Application, 2016-2027 (Kilotons) (USD Million)
7.2.7 Mexico
7.2.7.1 Mexico Paints and Coatings Market Estimates and Forecasts, 2016-2027 (Kilotons) (USD Million)
7.2.7.2 Mexico Paints and Coatings Market Estimates and Forecasts, By Product, 2016-2027 (Kilotons) (USD Million)
7.2.7.3 Mexico Paints and Coatings Market Estimates and Forecasts, By Material, 2016-2027 (Kilotons) (USD Million)
7.2.7.4 Mexico Paints and Coatings Market Estimates and Forecasts, By Application, 2016-2027 (Kilotons) (USD Million)
7.3 Europe
7.3.1 Europe Paints and Coatings Market Estimates and Forecasts, 2016-2027 (Kilotons) (USD Million)
7.3.2 Europe Paints and Coatings Market Estimates and Forecasts, By Product, 2016-2027 (Kilotons) (USD Million)
7.3.3 Europe Paints and Coatings Market Estimates and Forecasts, By Material, 2016-2027 (Kilotons) (USD Million)
7.3.4 Europe Paints and Coatings Market Estimates and Forecasts, By Application, 2016-2027 (Kilotons) (USD Million)
7.3.5 Germany
7.3.5.1 Germany Paints and Coatings Market Estimates and Forecasts, 2016-2027 (Kilotons) (USD Million)
7.3.5.2 Germany Paints and Coatings Market Estimates and Forecasts, By Product, 2016-2027 (Kilotons) (USD Million)
7.3.5.3 Germany Paints and Coatings Market Estimates and Forecasts, By Material, 2016-2027 (Kilotons) (USD Million)
7.3.5.4 Germany Paints and Coatings Market Estimates and Forecasts, By Application, 2016-2027 (Kilotons) (USD Million)
7.3.6 The U.K.
7.3.6.1 The U.K. Paints and Coatings Market Estimates and Forecasts, 2016-2027 (Kilotons) (USD Million)
7.3.6.2 The U.K. Paints and Coatings Market Estimates and Forecasts, By Product, 2016-2027 (Kilotons) (USD Million)
7.3.6.3 The U.K. Paints and Coatings Market Estimates and Forecasts, By Material, 2016-2027 (Kilotons) (USD Million)
7.3.6.4 The U.K. Paints and Coatings Market Estimates and Forecasts, By Application, 2016-2027 (Kilotons) (USD Million)
7.3.7 France
7.3.7.1 France Paints and Coatings Market Estimates and Forecasts, 2016-2027 (Kilotons) (USD Million)
7.3.7.2 France Paints and Coatings Market estimates and forecasts, by product, 2016-2027 (KiloTons) (USD Million)
7.3.7.3 France Paints and Coatings Market estimates and forecasts, by Material, 2016-2027 (KiloTons) (USD Million)
7.3.7.4 France Paints and Coatings Market estimates and forecasts, by Application, 2016-2027 (KiloTons) (USD Million)
7.4 Asia Pacific
7.4.1 Asia Pacific Paints and Coatings Market Estimates and Forecasts, 2016-2027 (Kilotons) (USD Million)
7.4.2 Asia Pacific Paints and Coatings Market Estimates and Forecasts, By Product, 2016-2027 (Kilotons) (USD Million)
7.4.3 Asia Pacific Paints and Coatings Market Estimates and Forecasts, By Material, 2016-2027 (Kilotons) (USD Million)
7.4.4 Asia Pacific Paints and Coatings Market Estimates and Forecasts, By Application, 2016-2027 (Kilotons) (USD Million)
7.4.5 India
7.4.5.1 India Paints and Coatings market estimates and forecasts, 2016-2027 (KiloTons) (USD Million)
7.4.5.2 India Paints and Coatings Market estimates and forecasts, by product, 2016-2027 (KiloTons) (USD Million)
7.4.5.3 India Paints and Coatings Market estimates and forecasts, by Material, 2016-2027 (KiloTons) (USD Million)
7.4.5.4 India Paints and Coatings Market estimates and forecasts, by Application, 2016-2027 (KiloTons) (USD Million)
7.4.6 JAPAN
7.4.6.1 Japan Paints and Coatings market estimates and forecasts, 2016-2027 (KiloTons) (USD Million)
7.4.6.2 Japan Paints and Coatings Market estimates and forecasts, by product, 2016-2027 (KiloTons) (USD Million)
7.4.6.3 Japan Paints and Coatings Market estimates and forecasts, by Material, 2016-2027 (KiloTons) (USD Million)
7.4.6.4 Japan Paints and Coatings Market estimates and forecasts, by Application, 2016-2027 (KiloTons) (USD Million)
7.5 China
7.5.1 China Paints and Coatings Market Estimates and Forecasts, 2016-2027 (Kilotons) (USD Million)
7.5.2 China Paints and Coatings Market Estimates and Forecasts, By Product, 2016-2027 (Kilotons) (USD Million)
7.5.3 China Paints and Coatings Market Estimates and Forecasts, By Material, 2016-2027 (Kilotons) (USD Million)
7.5.4 China Paints and Coatings Market Estimates and Forecasts, By Application, 2016-2027 (Kilotons) (USD Million)
7.6 Southeast Asia
7.6.1 Southeast Asia Paints and Coatings Market Estimates and Forecasts, 2016-2027 (Kilotons) (USD Million)
7.6.2 Southeast Asia Paints and Coatings Market Estimates and Forecasts, By Product, 2016-2027 (Kilotons) (USD Million)
7.6.3 Southeast Asia Paints and Coatings Market Estimates and Forecasts, By Material, 2016-2027 (Kilotons) (USD Million)
7.6.4 Southeast Asia Paints and Coatings Market Estimates and Forecasts, By Application, 2016-2027 (Kilotons) (USD Million)
7.7 Central and South America
7.7.1 Central and South America Paints and Coatings Market Estimates and Forecasts, 2016-2027 (Kilotons) (USD Million)
7.7.2 Central and South America Paints and Coatings Market Estimates and Forecasts, By Product, 2016-2027 (Kilotons) (USD Million)
7.7.3 Central and South America Paints and Coatings Market Estimates and Forecasts, By Material, 2016-2027 (Kilotons) (USD Million)
7.7.4 Central and South America Paints and Coatings Market Estimates and Forecasts, By Application, 2016-2027 (Kilotons) (USD Million)
7.8 Middle East and Africa
7.8.1 Middle East and Africa Paints and Coatings Market Estimates and Forecasts, 2016-2027 (Kilotons) (USD Million)
7.8.2 Middle East and Africa Paints and Coatings Market Estimates and Forecasts, By Product, 2016-2027 (Kilotons) (USD Million)
7.8.3 Middle East and Africa Paints and Coatings Market Estimates and Forecasts, By Material, 2016-2027 (Kilotons) (USD Million)
7.8.4 Middle East and Africa Paints and Coatings Market Estimates and Forecasts, By Application, 2016-2027 (Kilotons) (USD Million)
Chapter 8 Competitive Landscape
8.1 Key global players, recent developments, & their impact on the industry
8.2 Paints and Coatings Companies Response to the COVID-19 Outbreak
8.3 Vendor landscape
8.3.1 List Of Key Distributors & Channel Partners
8.3.2 Key Potential Customers
8.4 Public Companies
8.4.1 Competitive Dashboard Analysis
8.4.2 Key Company Market Positioning, By Application
8.4.3 Market Share Analysis, By Manufacturers, 2019
8.5 Private Companies
8.5.1 List Of Key Emerging Companies/Technology Disruptors/Innovators and Their Geographical Presence
Chapter 9 Company Profiles
9.1 PPG Industries, Inc.
9.1.1 Company Overview
9.1.2 Financial Performance
9.1.3 Product Benchmarking
9.1.4 Strategic Initiatives
9.2 Akzo Nobel N.V.
9.2.1 Company Overview
9.2.2 Financial Performance
9.2.3 Product Benchmarking
9.2.4 Strategic Initiative
9.3 The Sherwin-Williams Company
9.3.1 Company Overview
9.3.2 Financial Performance
9.3.3 Product Benchmarking
9.3.4 Strategic Initiatives
9.4 Axalta Coating Systems, LLC
9.4.1 Company Overview
9.4.2 Financial Performance
9.4.3 Product Benchmarking
9.4.4 Strategic Initiatives
9.5 Jotun
9.5.1 Company Overview
9.5.2 Financial Performance
9.5.3 Product Benchmarking
9.5.4 Strategic Initiatives
9.6 RPM International Inc.
9.6.1 Company Overview
9.6.2 Financial Performance
9.6.3 Product Benchmarking
9.7 BASF SE
9.7.1 Company Overview
9.7.2 Financial Performance
9.7.3 Product Benchmarking
9.8 Henkel AG & Company, KGaA
9.8.1 Company Overview
9.8.2 Financial Performance
9.8.3 Product Benchmarking
9.9 Kansai Paint Co., Ltd.
9.9.1 Company Overview
9.9.2 Financial Performance
9.9.3 Product Benchmarking
9.10 Nippon Paint Holdings Co., Ltd.
9.10.1 Company Overview
9.10.2 Financial Performance
9.10.3 Product Benchmarking
9.10.4 Strategic Initiatives
9.11 Hempel A/S
9.11.1 Company Overview
9.11.2 Financial Performance
9.11.3 Product Benchmarking
9.11.4 Strategic Initiatives
9.12 Sika AG
9.12.1 Company Overview
9.12.2 Financial Performance
9.12.3 Product Benchmarking
9.13 3M
9.13.1 Company Overview
9.13.2 Financial Performance
9.13.3 Product Benchmarking
9.14 Beckers Group
9.14.1 Company Overview
9.14.2 Product Benchmarking
9.15 The Chemours Company
9.15.1 Company Overview
9.15.2 Financial Performance
9.15.3 Product Benchmarking

Companies Mentioned

  • PPG Industries, Inc.
  • Akzo Nobel N.V.
  • The Sherwin-Williams Company
  • Axalta Coating Systems, LLC
  • Jotun
  • RPM International Inc.
  • BASF SE
  • Henkel AG & Company, KGaA
  • Kansai Paint Co., Ltd.
  • Nippon Paint Holdings Co., Ltd.
  • Hempel A/S
  • Sika AG
  • 3M
  • Beckers Group
  • The Chemours Company

Methodology

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