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Paints and Coatings Market Size, Share & Trends Analysis Report by Product (Radiation-cured Coatings, Powder Coatings, Waterborne Coatings, Solvent-borne Coatings), and Region with Growth Forecasts, 2025-2030

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  • 80 Pages
  • May 2025
  • Region: Global
  • Grand View Research
  • ID: 4375421
Description Jump to:
The Paints and Coatings Market was valued at USD 211.28 billion in 2024, and is projected to reach USD 280.19 billion by 2030, rising at a CAGR of 5.00%. The growth is majorly attributed to increasing consumption of products in automotive, construction, and general industries. The global construction industry is a major consumer of paints & coatings globally. Increasing urbanization and industrialization across the world have led to increased requirements for construction and infrastructure development, globally.

In recent years, the market for paints & coatings has experienced growth, owing to the adoption of environmentally friendly materials that align with sustainable or green chemistry principles. This shift is fueled by rising consumer consciousness toward sustainable products and presence of stringent environmental regulations, which aim at reducing volatile organic compounds (VOC) emissions.

For instance, the product portfolio of Axalta Coating Systems, LLC includes Montana Big Sky Low VOC Basecoat, which meets a wide variety of automotive refinishing requirements. Akzo Nobel N.V. has an Interpon product line, which offers eco-friendly solutions for its customers. Similarly, other players in the market are actively engaged in research and development of eco-friendly and sustainable solutions to reduce their greenhouse gas emissions and lower their ecological footprint. This trend of sustainable products is expected to drive the market over the forecast period.

VOCs are subject to several statutory regulations and legislations. Use of these organic compounds in products is regulated by governmental & federal agencies to limit human exposure to toxic substances and control VOC emissions. VOCs are regulated by international & national regulatory bodies. Chemical industry associations, such as the European Chemical Industry Council (CEFIC) and the German Chemical Industry Association, along with other scientific groups, are constantly working to evaluate and develop paints & coatings with low-VOC content for use in various industries.

Paints And Coatings Market Report Highlights

  • Based on product, the waterborne coatings segment dominated the market with a revenue share of 40.8% in 2024, owing to their wide usage in confined & poorly ventilated spaces. These coatings dry at a faster rate, due to rapid evaporation of water.
  • Powder-based coatings are more durable and eco-friendlier compared to their counterparts. They have negligible VOC content, due to the absence of solvents, thus, they comply efficiently & economically with the environmental protection regulations.
  • In 2024, Asia-Pacific dominated the market with a revenue share of 35.0%, attributed to rising construction activities and growing demand from the automotive sector in emerging countries, such as India, Japan, and South Korea.
  • China is expected to be one of the promising markets in the region on account of the government’s support to promote investments in the manufacturing sector.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listings for you to stay ahead of the curve

Why Should You Buy This Report?

  • Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Information Analysis
1.3.2. Market Formulation & Data Visualization
1.3.3. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
3.1. Global Paints and Coatings Market Outlook
3.2. Value Chain Analysis
3.2.1. Raw Material Outlook
3.2.2. Manufacturing/Product Outlook
3.2.3. Sales Channel Analysis
3.3. Price Trend Analysis
3.3.1. Factors Influencing Prices
3.4. Regulatory Framework
3.4.1. Standards & Compliances
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Market Challenges Analysis
3.5.4. Market Opportunity Analysis
3.6. Porter’s Five Forces Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of Substitution
3.6.4. Threat of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTLE Analysis
3.7.1. Political
3.7.2. Economic
3.7.3. Social Landscape
3.7.4. Product
3.7.5. Environmental
3.7.6. Legal
Chapter 4. Paints and Coatings Market: Product Estimates & Trend Analysis
4.1. Paints and Coatings Market: Product Movement Analysis, 2023 & 2030
4.2. Radiation-cured coatings
4.2.1. Market estimates and forecasts, 2018-2030 (USD Million)
4.3. Powder coatings
4.3.1. Market estimates and forecasts, 2018-2030 (USD Million)
4.4. Waterborne coatings
4.4.1. Market estimates and forecasts, 2018-2030 (USD Million)
4.5. Solvent-borne coatings
4.5.1. Market estimates and forecasts, 2018-2030 (USD Million)
Chapter 5. Paints and Coatings Market: Regional Estimates & Trend Analysis
5.1. Regional Analysis, 2023 & 2030
5.2. North America
5.2.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.2.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.2.3. U.S.
5.2.3.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.2.3.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.2.4. Canada
5.2.4.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.2.4.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.2.5. Mexico
5.2.5.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.2.5.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.3. Europe
5.3.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.3.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.3.3. Germany
5.3.3.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.3.3.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.3.4. UK
5.3.4.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.3.4.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.3.5. France
5.3.5.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.3.5.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.3.6. Italy
5.3.6.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.3.6.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.3.7. Spain
5.3.7.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.3.7.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.4. Asia Pacific
5.4.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.4.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.4.3. China
5.4.3.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.4.3.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.4.4. India
5.4.4.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.4.4.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.4.5. Japan
5.4.5.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.4.5.2. Market estimates and forecasts, by product, 2018-2030 (USD
5.4.6. South Korea
5.4.6.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.4.6.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.5. Latin America
5.5.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.5.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.5.3. Brazil
5.5.3.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.5.3.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.5.4. Argentina
5.5.4.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.5.4.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.6. Middle East & Africa
5.6.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.6.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.6.3. Saudi Arabia
5.6.3.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.6.3.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
5.6.4. South Africa
5.6.4.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.6.4.2. Market estimates and forecasts, by product, 2018-2030 (USD Million)
Chapter 6. Competitive Landscape
6.1. Recent Developments by Key Market Participants
6.2. Company Categorization
6.3. Company Heat Map Analysis
6.4. Company Market Positioning Analysis, 2024
6.5. Strategy Mapping
6.6. Company Profiles/Listing
6.6.1. Jotun
6.6.1.1. Company Overview
6.6.1.2. Financial Performance
6.6.1.3. Product Benchmarking
6.6.2. The Sherwin-Williams Company
6.6.2.1. Company Overview
6.6.2.2. Financial Performance
6.6.2.3. Product Benchmarking
6.6.3. Axalta Coating Systems
6.6.3.1. Company Overview
6.6.3.2. Financial Performance
6.6.3.3. Product Benchmarking
6.6.4. PPG Industries, Inc.
6.6.4.1. Company Overview
6.6.4.2. Financial Performance
6.6.4.3. Product Benchmarking
6.6.5. RPM INTERNATIONAL, INC
6.6.5.1. Company Overview
6.6.5.2. Financial Performance
6.6.5.3. Product Benchmarking
6.6.6. BASF SE
6.6.6.1. Company Overview
6.6.6.2. Financial Performance
6.6.6.3. Product Benchmarking
6.6.7. Henkel AG & Company, KGaA
6.6.7.1. Company Overview
6.6.7.2. Financial Performance
6.6.7.3. Product Benchmarking
6.6.8. Contego International Inc.
6.6.8.1. Company Overview
6.6.8.2. Financial Performance
6.6.8.3. Product Benchmarking
6.6.9. Hempel A/S
6.6.9.1. Company Overview
6.6.9.2. Financial Performance
6.6.9.3. Product Benchmarking
6.6.10. No-Burn Inc.
6.6.10.1. Company Overview
6.6.10.2. Financial Performance
6.6.10.3. Product Benchmarking
6.6.11. Nullifire
6.6.11.1. Company Overview
6.6.11.2. Financial Performance
6.6.11.3. Product Benchmarking
6.6.12. 3M
6.6.12.1. Company Overview
6.6.12.2. Financial Performance
6.6.12.3. Product Benchmarking
6.6.13. Albi Protective Coatings
6.6.13.1. Company Overview
6.6.13.2. Financial Performance
6.6.13.3. Product Benchmarking
6.6.14. Akzo Nobel N.V.
6.6.14.1. Company Overview
6.6.14.2. Financial Performance
6.6.14.3. Product Benchmarking
List of Tables
Table 1 Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 2 Radiation-cured coatings Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 3 Powder coatings Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 4 Waterborne coatings Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 5 Solvent-borne coatings Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 6 Paints and Coatings market estimates & forecasts, 2018-2030 (USD Million)
Table 7 Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 8 Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 9 North America Paints and Coatings market estimates & forecast, 2018-2030 (Kilotons) (USD Million)
Table 10 North America Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 11 North America Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 12 U.S. Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 13 U.S. Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 14 U.S. Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 15 Canada Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 16 Canada Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 17 Canada Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 18 Mexico Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 19 Mexico Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 20 Mexico Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 21 Europe Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 22 Europe Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 23 Europe Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 24 Germany Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 25 Germany Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 26 Germany Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 27 UK Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 28 UK Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 29 UK Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 30 France Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 31 France Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 32 France Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 33 Italy Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 34 Italy Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 35 Italy Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 36 Spain Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 37 Spain Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 38 Spain Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 39 Asia pacific Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 40 Asia pacific Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 41 Asia pacific Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 42 China Paints and Coatings market estimates & forecast, 2018-2030 (Kilotons) (USD Million)
Table 43 China Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 44 China Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 45 India Paints and Coatings market estimates & forecast, 2018-2030 (Kilotons) (USD Million)
Table 46 India Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 47 India Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 48 Japan Paints and Coatings market estimates & forecast, 2018-2030 (Kilotons) (USD Million)
Table 49 Japan Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 50 Japan Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 51 South Korea Paints and Coatings market estimates & forecast, 2018-2030 (Kilotons) (USD Million)
Table 52 South Korea Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 53 South Korea Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 54 Latin America Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 55 Latin America Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 56 Latin America Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 57 Brazil Paints and Coatings market estimates & forecast, 2018-2030 (Kilotons) (USD Million)
Table 58 Brazil Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 59 Brazil Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 60 Argentina Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 61 Argentina Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 62 Argentina Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 63 Middle East & Africa Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 64 Middle East & Africa Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 65 Middle East & Africa Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 66 Saudi Arabia Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 67 Saudi Arabia Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 68 Saudi Arabia Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
Table 69 South Africa Paints and Coatings market estimates & forecasts, 2018-2030 (Kilotons) (USD Million)
Table 70 South Africa Paints and Coatings market estimates & forecasts by product, 2018-2030 (Kilotons)
Table 71 South Africa Paints and Coatings market estimates & forecasts by product, 2018-2030 (USD Million)
List of Figures
Figure 1 Market segmentation
Figure 2 Information procurement
Figure 3 Data analysis models
Figure 4 Market formulation and validation
Figure 5 Data validating & publishing
Figure 6 Market snapshot
Figure 7 Competitive Outlook
Figure 8 Paints and Coatings market outlook, 2018-2030 (USD Million)
Figure 9 Value chain analysis
Figure 10 Market dynamics
Figure 11 Porter’s Analysis
Figure 12 PESTEL Analysis
Figure 13 Paints and Coatings market, by product: Key takeaways
Figure 14 Paints and Coatings market, by product: Market share, 2023 & 2030
Figure 15 Paints and Coatings market, by end use: Key takeaways
Figure 16 Paints and Coatings market, by end use: Market share, 2023 & 2030
Figure 17 Paints and Coatings market: Regional analysis, 2023
Figure 18 Paints and Coatings market, by region: Key takeaways

Companies Mentioned

The major companies featured in this Paints and Coatings market report include:
  • Jotun
  • The Sherwin-Williams Company
  • Axalta Coating Systems
  • PPG Industries, Inc.
  • RPM INTERNATIONAL, INC
  • BASF SE
  • Henkel AG & Company, KGaA
  • Contego International Inc.
  • Hempel A/S
  • No-Burn Inc.
  • Nullifire
  • 3M
  • Albi Protective Coatings
  • Akzo Nobel N.V.

Table Information

Report AttributeDetails
No. of Pages80
PublishedMay 2025
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 211.28 Billion
Forecasted Market Value ( USD ) by 2030 $ 280.19 Billion
Compound Annual Growth Rate5.0%
Regions CoveredGlobal
No. of Companies Mentioned15

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