Emerging Economies to Offer Lucrative Growth Opportunities for Market Players Between 2022 and 2027
The global paints and coating market size is projected to grow from USD 190.1 billion in 2022 to USD 223.6 billion by 2027, at a CAGR of 3.3%, between 2022 and 2027. The paints and coatings market is mainly characterized by four main resin types: acrylic, alkyd, epoxy, polyurethane, fluoropolymer, vinyl, polyester, and other. Paints and coatings have significant use in industrial and architectural end-use industries. Various manufacturers are shifting their manufacturing units to Asia Pacific because of the availability of raw materials, low labor cost, and favorable government policies in emerging markets such as India, Thailand, and Singapore. Economic growth, rising population, increasing residential building activities, growing urbanization, and housing construction expenditure are the important drivers of the global paints & coatings market.
Architectural segment is expected to account for the largest share in 2022
Architectural paints & coatings, also known as decorative paints & coatings or building paints, are applied to the interior and exterior walls of all types of residential, commercial, industrial, and institutional buildings. Apart from their decorative features, architectural paints & coatings also possess some protective features. For instance, exterior architectural paints & coatings protect a building from extreme rain, sunlight, and wind. These are applied either by building contractors or directly by customers as do-it-yourself (DIY). Architectural coatings also find use in decorative interiors such as furniture, wood flooring, wall paintings, and sculptures.
Acrylic segment in resin type is expected to account for the largest share in 2022
Acrylic resins are a group of related thermoplastic or thermosetting plastic substances derived from acrylic acid, methacrylic acid, and other related compounds. Thermosetting acrylic resins are typically copolymers of acrylic or methacrylate esters and a hydroxyl-functionalized acrylic ester. The hydroxyl-functionalized monomer provides a site for crosslinking. In thermoplastic resins, polymers composing the resin do not contain any reactive group as polymer chains are not cross-linked.
Middle East & Africa paints and coatings market is estimated to register one of the highest CAGR during the forecast period
The paints & coatings market in the Middle East & Africa is driven by the strong emergence of infrastructural projects, untapped potential in growing economies, growing demand from the automobile industry, and increasing urbanization. The increasing middle-class population, the growing demand for new houses due to the rising number of nuclear families, and the increasing market for consumer goods and automobiles is also fueling the paints & coatings market. It is an emerging market due to the ongoing large-scale construction projects in this region. Most of the countries in the Middle East & Africa have invested a considerable amount in the construction industry to diversify their economies from oil and oil-related business activities to other industrial sectors.
The break-up of the profile of primary participants in the C4ISR market:
- By Company Type: Tier 1 - 46%, Tier 2 - 43%, and Tier 3 - 27%
- By Designation: C Level - 21%, D Level - 23%, and Others - 56%
- By Region: North America - 37%, Asia Pacific- 26%, Europe - 23%, Middle East & Africa - 10%, and South America - 4%
Prominent companies includes The Sherwin-Williams Company (US), PPG Industries, Inc (US), AkzoNobel N.V. (The Netherlands), BASF Coating GMBH (Germany), Jotun A/s (Norway), Asian Paints Limited (India), Kansai Paint Co., Ltd (Japan), Nippon Paint Holding Co., Ltd (Japan), RPM International, Inc (US), Axalta Coating Systems LLC (US), and others.
Research Coverage:
This research report categorizes the paints and coatings market by resin type (acrylic, alkyd, epoxy, polyester and others), by technology (waterborne, solventborne, powder and others), by end use industry (architectural and industrial), and region (North America, Europe, Asia Pacific, the Middle East & Africa, and South America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the paints and coatings market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the paints and coatings market. Competitive analysis of upcoming startups in the paints and coatings market ecosystem is covered in this report. Reasons to buy this report: The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall paints and coatings market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Growing demand for elastomeric coatings for tiltup concrete in building and construction), restraints (high drying time for waterborne coatings), opportunity (Increasing application of fluoropolymers in construction industry), and challenges (stringent regulatory policies).
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the paints and coatings market
- Market Development: Comprehensive information about lucrative markets - the report analyses the paints and coatings market across varied regions
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the paints and coatings market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like The Sherwin-Williams Company (US), PPG Industries, Inc (US), AkzoNobel N.V. (The Netherlands), BASF Coating GMBH (Germany), Jotun A/s (Norway), Asian Paints Limited (India), Kansai Paint Co., Ltd (Japan), Nippon Paint Holding Co., Ltd (Japan), RPM International, Inc (US), Axalta Coating Systems LLC (US), and others. The report also helps stakeholders understand the pulse of the automotive airbags & seatbelts market and provides them information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Market Inclusions
1.2.2 Market Exclusions
1.3 Market Segmentation
1.3.1 Regions Covered
1.3.2 Years Considered
1.4 Currency Considered
1.5 Units Considered
1.6 Stakeholders
1.7 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 1 Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Breakdown of Primary Interviews
Figure 2 Breakdown of Primary Interviews
2.1.2.3 Primary Data Sources
2.1.2.4 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
Figure 3 Market Size Estimation: Bottom-Up Approach
2.2.2 Top-Down Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Paints & Coatings Market Size Estimation, by Region
Figure 6 Paints & Coatings Market, by Resin Type
2.2.3 Supply-Side Forecast
Figure 7 Supply-Side Forecast
Figure 8 Methodology for Calculation of Supply-Side Size of Paints & Coatings Market
2.2.4 Factor Analysis
Figure 9 Factor Analysis of Paints & Coatings Market
2.3 Data Triangulation
Figure 10 Paints & Coatings Market: Data Triangulation
2.4 Assumptions
2.5 Research Limitations
2.6 Growth Rate Forecast
3 Executive Summary
Table 1 Paints & Coatings Market Snapshot, 2022 Vs. 2027
Figure 11 Acrylic to be Highest Used Resin Type in Architectural Paints & Coatings
Figure 12 Epoxy to be Fastest-Growing Resin Type in Industrial Paints & Coatings
Figure 13 Waterborne Technology to Account for Largest Share of Architectural Paints & Coatings Market
Figure 14 Waterborne Technology to Account for Second-Largest Share of Industrial Paints & Coatings Market
Figure 15 Industrial Segment to Account for Larger Share
Figure 16 Asia-Pacific to be Fastest-Growing Paints & Coatings Market
4 Premium Insights
4.1 Attractive Opportunities in Paints & Coatings Market
Figure 17 Emerging Economies to Offer Lucrative Growth Opportunities for Market Players Between 2022 and 2027
4.2 Paints & Coatings Market, by Resin Type
Figure 18 Acrylic Resin Type to be Largest Segment by 2027
4.3 Paints & Coatings Market, Developed Vs. Emerging Countries
Figure 19 Markets in Emerging Countries to Grow at Higher CAGRs
4.4 Asia-Pacific Paints & Coatings Market, by End-Use Industry and Country
Figure 20 China and Architectural End-Use Industry Were Largest Paints & Coatings Markets in 2021
4.5 Paints & Coatings Market Attractiveness, by Key Country
Figure 21 Market in India to Grow at Highest CAGR During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 22 Drivers, Restraints, Opportunities, and Challenges in Paints & Coatings Market
5.2.1 Drivers
5.2.1.1 Environmental Regulations Boost Demand for Voc-Free Coatings
5.2.1.2 Increasing Demand from Building & Construction and Automotive Industries
5.2.1.3 Developments to Increase Performance of Coatings
5.2.1.4 Growing Popularity of Elastomeric Coatings in Tilt-Up Concrete in Building & Construction Industry
5.2.1.5 Technological Advancements in Powder Coating Technology
5.2.2 Restraints
5.2.2.1 Requirement of More Drying Time for Waterborne Coatings
5.2.2.2 Difficulty in Obtaining Thin Films in Powder Coatings
5.2.3 Opportunities
5.2.3.1 Increasing Applications of Fluoropolymers in Building & Construction Industry
5.2.3.2 Attractive Prospects for Powder Coatings in Shipbuilding and Pipeline Industries
5.2.4 Challenges
5.2.4.1 Stringent Regulatory Policies
5.2.4.2 Environmental Challenges Concerning Wastewater Discharge
5.3 Porter's Five Forces Analysis
Table 2 Paints & Coatings Market: Porter's Five Forces Analysis
Figure 23 Paints & Coatings Market: Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry
5.4 Key Stakeholders and Buying Criteria
5.4.1 Key Stakeholders in Buying Process
Figure 24 Influence of Stakeholders on Buying Process
Table 3 Influence of Stakeholders on Buying Process for Top End-users
5.4.2 Buying Criteria
Figure 25 Key Buying Criteria for Paints & Coatings
Table 4 Key Buying Criteria for Paints & Coatings
5.5 Macroindicator Analysis and Industry Trends
5.5.1 Introduction
5.5.2 Trends and Forecasts of GDP
Table 5 Trends and Forecasts of GDP, Percentage Change, 2020-2027
5.5.3 Trends and Forecasts of Global Construction Industry
Figure 26 Global Spending in Construction Industry, 2014-2035
5.5.4 Trends in Automotive Industry
Table 6 Automotive Industry Production (2020-2021)
5.6 Global Economic Scenario Affecting Market Growth
5.6.1 Russia-Ukraine War
5.6.2 China
5.6.2.1 China's Debt Problem
5.6.2.2 Australia-China Trade War
5.6.2.3 Environmental Commitments
5.6.3 Europe
5.6.3.1 Energy Crisis in Europe
5.7 Value Chain Analysis
Figure 27 Paints & Coatings Value Chain
5.8 Pricing Analysis
Figure 28 Average Price Competitiveness in Paints & Coatings Market, by Region
Figure 29 Average Price Competitiveness in Paints & Coatings Market, by Technology, 2021
Figure 30 Average Price Competitiveness in Paints & Coatings Market, by Company, 2022
5.9 Paints & Coatings Ecosystem and Interconnected Markets
Table 7 Paints & Coatings Market: Supply Chain
Figure 31 Paints & Coatings Market: Ecosystem
5.10 Trends and Disruptions Impacting Buyers, Consumers, and Manufacturers
5.11 Trade Analysis: Export-Import (Exim) Data Statistics
Table 8 Country-Wise Export Data, 2019-2021 (USD Thousand)
Table 9 Country-Wise Import Data, 2019-2021 (USD Thousand)
5.12 Standards and Regulations
5.12.1 Coating Standards
Table 10 Basic Coating System Requirements for Dedicated Seawater Ballast Tanks of All Types of Ships and Double-Side Skin Spaces of Bulk Carriers of 150 Meters and Upward
5.13 Patent Analysis
5.13.1 Methodology
5.13.2 Publication Trends
Figure 32 Number of Patents Published, 2017-2022
5.13.3 Top Jurisdictions
Figure 33 Patents Published by Jurisdiction, 2017-2022
5.13.4 Top Applicants
Figure 34 Patents Published by Major Applicants, 2017-2022
Table 11 Recent Patents, by Owner
5.14 Case Study Analysis
5.15 Technology Analysis
5.16 Key Conferences and Events in 2023-2024
Table 12 Paints & Coatings Market: Key Conferences and Events
5.17 Tariff and Regulatory Landscape
5.17.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 14 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 15 Middle East & Africa: Regulatory Bodies, Government Agencies, and Other Organizations
Table 16 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
6 Paints & Coatings Market, by Technology
6.1 Introduction
Figure 35 Solventborne Technology to Lead Industrial Paints & Coatings Market Between 2022 and 2027
Table 17 Industrial: Paints & Coatings Market, by Technology, 2017-2020 (USD Million)
Table 18 Industrial: Paints & Coatings Market, by Technology, 2021-2027 (USD Million)
Table 19 Industrial: Paints & Coatings Market, by Technology, 2017-2020 (Kiloton)
Table 20 Industrial: Paints & Coatings Market, by Technology, 2021-2027 (Kiloton)
Figure 36 Waterborne Technology to Lead Decorative Paints & Coatings Market Between 2022 and 2027
Table 21 Decorative: Paints & Coatings Market, by Technology, 2017-2020 (USD Million)
Table 22 Decorative: Paints & Coatings Market, by Technology, 2021-2027 (USD Million)
Table 23 Decorative: Paints & Coatings Market, by Technology, 2017-2020 (Kiloton)
Table 24 Decorative: Paints & Coatings Market, by Technology, 2021-2027 (Kiloton)
6.2 Waterborne Coatings
6.2.1 Quality and Strength of Coatings Depend on Use of Environmentally Friendly Raw Materials
Table 25 Waterborne: Decorative Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 26 Waterborne: Decorative Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 27 Waterborne: Decorative Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 28 Waterborne: Decorative Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
Table 29 Waterborne: Industrial Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 30 Waterborne: Industrial Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 31 Waterborne: Industrial Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 32 Waterborne: Industrial Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
6.3 Solventborne Coatings
6.3.1 Used in Diverse Coating Applications Due to Superior Performance
Table 33 Solventborne: Decorative Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 34 Solventborne: Decorative Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 35 Solventborne: Decorative Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 36 Solventborne: Decorative Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
Table 37 Solventborne: Industrial Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 38 Solventborne: Industrial Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 39 Solventborne: Industrial Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 40 Solventborne: Industrial Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
6.4 Powder Coatings
6.4.1 Low Voc Emission, Superior Performance, and Cost Efficiency to Drive Market
Table 41 Powder Coatings: Decorative Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 42 Powder Coatings: Decorative Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 43 Powder Coatings: Decorative Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 44 Powder Coatings: Decorative Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
Table 45 Powder Coatings: Industrial Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 46 Powder Coatings: Industrial Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 47 Powder Coatings: Industrial Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 48 Powder Coatings: Industrial Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
6.5 Other Technologies
Table 49 Others: Industrial Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 50 Others: Industrial Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 51 Others: Industrial Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 52 Others: Industrial Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
7 Paints & Coatings Market, by End-Use Industry
7.1 Introduction
Figure 37 Industrial Segment Registered Higher Share in Paints & Coatings Market in 2022
Table 53 Paints & Coatings Market, by End-Use Industry, 2017-2020 (USD Million)
Table 54 Paints & Coatings Market, by End-Use Industry, 2021-2027 (USD Million)
Table 55 Paints & Coatings Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 56 Paints & Coatings Market, by End-Use Industry, 2021-2027 (Kiloton)
7.2 Architectural
Table 57 Architectural Paints & Coatings Market, by End-Use Industry, 2017-2020 (USD Million)
Table 58 Architectural Paints & Coatings Market, by End-Use Industry, 2021-2027 (USD Million)
Table 59 Architectural Paints & Coatings Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 60 Architectural Paints & Coatings Market, by End-Use Industry, 2021-2027 (Kiloton)
7.2.1 Residential Sector
Table 61 Residential Paints & Coatings Market, by Sub-Segment, 2017-2020 (USD Million)
Table 62 Residential Paints & Coatings Market, by Sub-Segment, 2021-2027 (USD Million)
Table 63 Residential Paints & Coatings Market, by Sub-Segment, 2017-2020 (Kiloton)
Table 64 Residential Paints & Coatings Market, by Sub-Segment, 2021-2027 (Kiloton)
Table 65 Paints & Coatings Market in Residential Sector, by Region, 2017-2020 (USD Million)
Table 66 Paints & Coatings Market in Residential Sector, by Region, 2021-2027 (USD Million)
Table 67 Paints & Coatings Market in Residential Sector, by Region, 2017-2020 (Kiloton)
Table 68 Paints & Coatings Market in Residential Sector, by Region, 2021-2027 (Kiloton)
7.2.1.1 New Construction
7.2.1.1.1 Growing Income and Economy to Drive Market
Table 69 Paints & Coatings Market in Residential (New Construction) Sector, by Region, 2017-2020 (USD Million)
Table 70 Paints & Coatings Market in Residential (New Construction) Sector, by Region, 2021-2027 (USD Million)
Table 71 Paints & Coatings Market in Residential (New Construction) Sector, by Region, 2017-2020 (Kiloton)
Table 72 Paints & Coatings Market in Residential (New Construction) Sector, by Region, 2021-2027 (Kiloton)
7.2.1.2 Remodel and Repaint
7.2.1.2.1 Need for Increased Life Span of Structures to Drive Demand
Table 73 Paints & Coatings Market in Residential (Remodel and Repaint) Sector, by Region, 2017-2020 (USD Million)
Table 74 Paints & Coatings Market in Residential (Remodel and Repaint) Sector, by Region, 2021-2027 (USD Million)
Table 75 Paints & Coatings Market in Residential (Remodel and Repaint) Sector, by Region, 2017-2020 (Kiloton)
Table 76 Paints & Coatings Market in Residential (Remodel and Repaint) Sector, by Region, 2021-2027 (Kiloton)
7.2.2 Non-Residential
7.2.2.1 Commercial
7.2.2.1.1 Growing Investment in Private Sector and Increasing Commercial Office Spaces to Drive Demand
7.2.2.2 Industrial
7.2.2.2.1 Resurgence in Industrial Sector to Drive Demand for Architectural Coatings
7.2.2.3 Infrastructure
7.2.2.3.1 Need for Better Development in Emerging Countries to Create Opportunities for Manufacturers
Table 77 Paints & Coatings Market in Non-Residential Sector, by Region, 2017-2020 (USD Million)
Table 78 Paints & Coatings Market in Non-Residential Sector, by Region, 2021-2027 (USD Million)
Table 79 Paints & Coatings Market in Non-Residential Sector, by Region, 2017-2020 (Kiloton)
Table 80 Paints & Coatings Market in Non-Residential Sector, by Region, 2021-2027 (Kiloton)
Table 81 Paints & Coatings Market in Non-Residential (Commercial) Sector, by Region, 2017-2020 (USD Million)
Table 82 Paints & Coatings Market in Non-Residential (Commercial) Sector, by Region, 2021-2027 (USD Million)
Table 83 Paints & Coatings Market in Non-Residential (Commercial) Sector, by Region, 2017-2020 (Kiloton)
Table 84 Paints & Coatings Market in Non-Residential (Commercial) Sector, by Region, 2021-2027 (Kiloton)
Table 85 Paints & Coatings Market in Non-Residential (Industrial) Sector, by Region, 2017-2020 (USD Million)
Table 86 Paints & Coatings Market in Non-Residential (Industrial) Sector, by Region, 2021-2027 (USD Million)
Table 87 Paints & Coatings Market in Non-Residential (Industrial) Sector, by Region, 2017-2020 (Kiloton)
Table 88 Paints & Coatings Market in Non-Residential (Industrial) Sector, by Region, 2021-2027 (Kiloton)
Table 89 Paints & Coatings Market in Non-Residential (Infrastructure) Sector, by Region, 2017-2020 (USD Million)
Table 90 Paints & Coatings Market in Non-Residential (Infrastructure) Sector, by Region, 2021-2027 (USD Million)
Table 91 Paints & Coatings Market in Non-Residential (Infrastructure) Sector, by Region, 2017-2020 (Kiloton)
Table 92 Paints & Coatings Market in Non-Residential (Infrastructure) Sector, by Region, 2021-2027 (Kiloton)
7.3 Industrial
Table 93 Industrial Paints & Coatings Market, by End-Use Industry, 2017-2020 (USD Million)
Table 94 Industrial Paints & Coatings Market, by End-Use Industry, 2021-2027 (USD Million)
Table 95 Industrial Paints & Coatings Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 96 Industrial Paints & Coatings Market, by End-Use Industry, 2021-2027 (Kiloton)
7.3.1 General Industrial
7.3.1.1 Everyday Use of Powder-Coated Products to Fuel Demand for General Industrial Equipment
Table 97 Industrial Paints & Coatings Market in General Industrial Segment, by Region, 2017-2020 (USD Million)
Table 98 Industrial Paints & Coatings Market in General Industrial Segment, by Region, 2021-2027 (USD Million)
Table 99 Industrial Paints & Coatings Market in General Industrial Segment, by Region, 2017-2020 (Kiloton)
Table 100 Industrial Paints & Coatings Market in General Industrial Segment, by Region, 2021-2027 (Kiloton)
7.3.2 Protective
7.3.2.1 Asia-Pacific Emerging as Strategic Location for Protective Coating Manufacturers
Table 101 Industrial Paints & Coatings Market in Protective Segment, by Region, 2017-2020 (USD Million)
Table 102 Industrial Paints & Coatings Market in Protective Segment, by Region, 2021-2027 (USD Million)
Table 103 Industrial Paints & Coatings Market in Protective Segment, by Region, 2017-2020 (Kiloton)
Table 104 Industrial Paints & Coatings Market in Protective Segment, by Region, 2021-2027 (Kiloton)
7.3.3 Automotive Refinish
7.3.3.1 Increase in Vehicle Usage Along with Increased Number of Accidents to Propel Demand
Table 105 Industrial Paints & Coatings Market in Automotive Refinish Segment, by Region, 2017-2020 (USD Million)
Table 106 Industrial Paints & Coatings Market in Automotive Refinish Segment, by Region, 2021-2027 (USD Million)
Table 107 Industrial Paints & Coatings Market in Automotive Refinish Segment, by Region, 2017-2020 (Kiloton)
Table 108 Industrial Paints & Coatings Market in Automotive Refinish Segment, by Region, 2021-2027 (Kiloton)
7.3.4 Automotive Oem
7.3.4.1 Growing Demand for Electric Vehicles to Drive Market
Table 109 Industrial Paints & Coatings Market in Automotive Oem Segment, by Region, 2017-2020 (USD Million)
Table 110 Industrial Paints & Coatings Market in Automotive Oem Segment, by Region, 2021-2027 (USD Million)
Table 111 Industrial Paints & Coatings Market in Automotive Oem Segment, by Region, 2017-2020 (Kiloton)
Table 112 Industrial Paints & Coatings Market in Automotive Oem Segment, by Region, 2021-2027 (Kiloton)
7.3.5 Wood
7.3.5.1 Increasing Construction and Infrastructure Activities to Drive Demand for Wood Coatings
Table 113 Industrial Paints & Coatings Market in Wood Segment, by Region, 2017-2020 (USD Million)
Table 114 Industrial Paints & Coatings Market in Wood Segment, by Region, 2021-2027 (USD Million)
Table 115 Industrial Paints & Coatings Market in Wood Segment, by Region, 2017-2020 (Kiloton)
Table 116 Industrial Paints & Coatings Market in Wood Segment, by Region, 2021-2027 (Kiloton)
7.3.6 Marine
7.3.6.1 Slow Growth of Shipbuilding Sector Hampering Demand for Marine Coatings
Table 117 Industrial Paints & Coatings Market in Marine Segment, by Region, 2017-2020 (USD Million)
Table 118 Industrial Paints & Coatings Market in Marine Segment, by Region, 2021-2027 (USD Million)
Table 119 Industrial Paints & Coatings Market in Marine Segment, by Region, 2017-2020 (Kiloton)
Table 120 Industrial Paints & Coatings Market in Marine Segment, by Region, 2021-2027 (Kiloton)
7.3.7 Coil
7.3.7.1 Durability and Cost-Benefit Properties to Drive Demand
Table 121 Industrial Paints & Coatings Market in Coil Segment, by Region, 2017-2020 (USD Million)
Table 122 Industrial Paints & Coatings Market in Coil Segment, by Region, 2021-2027 (USD Million)
Table 123 Industrial Paints & Coatings Market in Coil Segment, by Region, 2017-2020 (Kiloton)
Table 124 Industrial Paints & Coatings Market in Coil Segment, by Region, 2021-2027 (Kiloton)
7.3.8 Packaging
7.3.8.1 Improved Lifestyles and Changing Food Habits to Fuel Demand
Table 125 Industrial Paints & Coatings Market in Packaging Segment, by Region, 2017-2020 (USD Million)
Table 126 Industrial Paints & Coatings Market in Packaging Segment, by Region, 2021-2027 (USD Million)
Table 127 Industrial Paints & Coatings Market in Packaging Segment, by Region, 2017-2020 (Kiloton)
Table 128 Industrial Paints & Coatings Market in Packaging Segment, by Region, 2021-2027 (Kiloton)
7.3.9 Aerospace
7.3.9.1 Development of Chrome-Free Coating Technology to Drive Market
Table 129 Industrial Paints & Coatings Market in Aerospace Segment, by Region, 2017-2020 (USD Million)
Table 130 Industrial Paints & Coatings Market in Aerospace Segment, by Region, 2021-2027 (USD Million)
Table 131 Industrial Paints & Coatings Market in Aerospace Segment, by Region, 2017-2020 (Kiloton)
Table 132 Industrial Paints & Coatings Market in Aerospace Segment, by Region, 2021-2027 (Kiloton)
7.3.10 Rail
7.3.10.1 Advancements in High-Speed Train Industry to Boost Market
Table 133 Industrial Paints & Coatings Market in Rail Segment, by Region, 2017-2020 (USD Million)
Table 134 Industrial Paints & Coatings Market in Rail Segment, by Region, 2021-2027 (USD Million)
Table 135 Industrial Paints & Coatings Market in Rail Segment, by Region, 2017-2020 (Kiloton)
Table 136 Industrial Paints & Coatings Market in Rail Segment, by Region, 2021-2027 (Kiloton)
8 Paints & Coatings Market, by Resin Type
8.1 Introduction
Figure 38 Epoxy to be Largest Resin Type for Industrial Paints & Coatings
Table 137 Paints & Coatings Market, by Resin Type, 2017-2020 (USD Million)
Table 138 Paints & Coatings Market, by Resin Type, 2021-2027 (USD Million)
Table 139 Paints & Coatings Market, by Resin Type, 2017-2020 (Kiloton)
Table 140 Paints & Coatings Market, by Resin Type, 2021-2027 (Kiloton)
Figure 39 Acrylic to be Largest Resin Type for Decorative Paints & Coatings
Table 141 Decorative Paints & Coatings Market, by Resin Type, 2017-2020 (USD Million)
Table 142 Decorative Paints & Coatings Market, by Resin Type, 2021-2027 (USD Million)
Table 143 Decorative Paints & Coatings Market, by Resin Type, 2017-2020 (Kiloton)
Table 144 Decorative Paints & Coatings Market, by Resin Type, 2021-2027 (Kiloton)
Table 145 Industrial Paints & Coatings Market, by Resin Type, 2017-2020 (USD Million)
Table 146 Industrial Paints & Coatings Market, by Resin Type, 2021-2027 (USD Million)
Table 147 Industrial Paints & Coatings Market, by Resin Type, 2017-2020 (Kiloton)
Table 148 Industrial Paints & Coatings Market, by Resin Type, 2021-2027 (Kiloton)
8.2 Acrylic Resin
8.2.1 Flexibility to Help Segment Witness Highest Growth
Table 149 Properties and Applications of Acrylic Paints & Coatings
Table 150 Acrylic-Based Decorative Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 151 Acrylic-Based Decorative Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 152 Acrylic-Based Decorative Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 153 Acrylic-Based Decorative Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
Table 154 Acrylic-Based Industrial Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 155 Acrylic-Based Industrial Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 156 Acrylic-Based Industrial Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 157 Acrylic-Based Industrial Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
8.3 Alkyd Resin
8.3.1 Asia-Pacific - Largest and Fastest-Growing Market for Alkyd Resin-Based Paints & Coatings
Table 158 Properties and Applications of Alkyd Resins
Table 159 Alkyd-Based Decorative Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 160 Alkyd-Based Decorative Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 161 Alkyd-Based Decorative Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 162 Alkyd-Based Decorative Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
Table 163 Alkyd-Based Industrial Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 164 Alkyd-Based Industrial Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 165 Alkyd-Based Industrial Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 166 Alkyd-Based Industrial Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
8.4 Epoxy Resin
8.4.1 Good Adhesion, High Chemical Resistance, and Excellent Physical Properties Make Resin Suitable for Product Assembly
Table 167 Epoxy-Based Industrial Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 168 Epoxy-Based Industrial Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 169 Epoxy-Based Industrial Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 170 Epoxy-Based Industrial Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
8.5 Polyester Resin
8.5.1 One of Most Widely Used Resin Types in High-Performance Coatings
Table 171 Polyester-Based Industrial Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 172 Polyester-Based Industrial Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 173 Polyester-Based Industrial Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 174 Polyester-Based Industrial Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
8.6 Polyurethane Resin
8.6.1 Excellent Combination of Properties to Drive Polyurethane-Based Paints & Coatings Market
Table 175 Properties and Applications of Polyurethane Resins
Table 176 Polyurethane-Based Decorative Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 177 Polyurethane-Based Decorative Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 178 Polyurethane-Based Decorative Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 179 Polyurethane-Based Decorative Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
Table 180 Polyurethane-Based Industrial Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 181 Polyurethane-Based Industrial Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 182 Polyurethane-Based Industrial Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 183 Polyurethane-Based Industrial Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
8.7 Fluoropolymer Resin
8.7.1 Good Thermal Stability of Resin Makes It Suitable for Non-Stick Surfaces
Table 184 Fluoropolymer-Based Industrial Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 185 Fluoropolymer-Based Industrial Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 186 Fluoropolymer-Based Industrial Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 187 Fluoropolymer-Based Industrial Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
8.8 Vinyl Resin
8.8.1 Widely Used in Architectural Paints & Coatings Due to Excellent Toughness and Good Water & Chemical Resistance
Table 188 Vinyl-Based Decorative Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 189 Vinyl-Based Decorative Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 190 Vinyl-Based Decorative Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 191 Vinyl-Based Decorative Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
8.9 Others
Table 192 Other Resins-Based Decorative Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 193 Other Resins-Based Decorative Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 194 Other Resins-Based Decorative Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 195 Other Resins-Based Decorative Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
Table 196 Other Resins-Based Industrial Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 197 Other Resins-Based Industrial Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 198 Other Resins-Based Industrial Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 199 Other Resins-Based Industrial Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
9 Paints & Coatings Market, by Region
9.1 Introduction
9.1.1 Global Recession Overview
Figure 40 Asia-Pacific to be Fastest-Growing Paints & Coatings Market
Table 200 Paints & Coatings Market, by Region, 2017-2020 (USD Million)
Table 201 Paints & Coatings Market, by Region, 2021-2027 (USD Million)
Table 202 Paints & Coatings Market, by Region, 2017-2020 (Kiloton)
Table 203 Paints & Coatings Market, by Region, 2021-2027 (Kiloton)
9.2 North America
9.2.1 Impact of Recession on North America
Figure 41 North America: Paints & Coatings Market Snapshot
Table 204 North America: Paints & Coatings Market, by Country, 2017-2020 (USD Million)
Table 205 North America: Paints & Coatings Market, by Country, 2021-2027 (USD Million)
Table 206 North America: Paints & Coatings Market, by Country, 2017-2020 (Kiloton)
Table 207 North America: Paints & Coatings Market, by Country, 2021-2027 (Kiloton)
Table 208 North America: Decorative Paints & Coatings Market, by Country, 2017-2020 (USD Million)
Table 209 North America: Decorative Paints & Coatings Market, by Country, 2021-2027 (USD Million)
Table 210 North America: Decorative Paints & Coatings Market, by Country, 2017-2020 (Kiloton)
Table 211 North America: Decorative Paints & Coatings Market, by Country, 2021-2027 (Kiloton)
Table 212 North America: Industrial Paints & Coatings Market, by Country, 2017-2020 (USD Million)
Table 213 North America: Industrial Paints & Coatings Market, by Country, 2021-2027 (USD Million)
Table 214 North America: Industrial Paints & Coatings Market, by Country, 2017-2020 (Kiloton)
Table 215 North America: Industrial Paints & Coatings Market, by Country, 2021-2027 (Kiloton)
Table 216 North America: Decorative Paints & Coatings Market, by Resin Type, 2017-2020 (USD Million)
Table 217 North America: Decorative Paints & Coatings Market, by Resin Type, 2021-2027 (USD Million)
Table 218 North America: Decorative Paints & Coatings Market, by Resin Type, 2017-2020 (Kiloton)
Table 219 North America: Decorative Paints & Coatings Market, by Resin Type, 2021-2027 (Kiloton)
Table 220 North America: Industrial Paints & Coatings Market, by Resin Type, 2017-2020 (USD Million)
Table 221 North America: Industrial Paints & Coatings Market, by Resin Type, 2021-2027 (USD Million)
Table 222 North America: Industrial Paints & Coatings Market, by Resin Type, 2017-2020 (Kiloton)
Table 223 North America: Industrial Paints & Coatings Market, by Resin Type, 2021-2027 (Kiloton)
Table 224 North America: Decorative Paints & Coatings Market, by Technology, 2017-2020 (USD Million)
Table 225 North America: Decorative Paints & Coatings Market, by Technology, 2021-2027 (USD Million)
Table 226 North America: Decorative Paints & Coatings Market, by Technology, 2017-2020 (Kiloton)
Table 227 North America: Decorative Paints & Coatings Market, by Technology, 2021-2027 (Kiloton)
Table 228 North America: Industrial Paints & Coatings Market, by Technology, 2017-2020 (USD Million)
Table 229 North America: Industrial Paints & Coatings Market, by Technology, 2021-2027 (USD Million)
Table 230 North America: Industrial Paints & Coatings Market, by Technology, 2017-2020 (Kiloton)
Table 231 North America: Industrial Paints & Coatings Market, by Technology, 2021-2027 (Kiloton)
Table 232 North America: Decorative Paints & Coatings Market, by End-Use Industry, 2017-2020 (USD Million)
Table 233 North America: Decorative Paints & Coatings Market, by End-Use Industry, 2021-2027 (USD Million)
Table 234 North America: Decorative Paints & Coatings Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 235 North America: Decorative Paints & Coatings Market, by End-Use Industry, 2021-2027 (Kiloton)
Table 236 North America: Industrial Paints & Coatings Market, by End-Use Industry, 2017-2020 (USD Million)
Table 237 North America: Industrial Paints & Coatings Market, by End-Use Industry, 2021-2027 (USD Million)
Table 238 North America: Industrial Paints & Coatings Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 239 North America: Industrial Paints & Coatings Market, by End-Use Industry, 2021-2027 (Kiloton)
Table 240 Infrastructure Projects in North America
9.2.2 US
9.2.2.1 Presence of Major Manufacturers to Fuel Market Growth
9.2.3 Canada
9.2.3.1 Rising Demand from Construction Industry to Contribute to Market Growth
9.2.4 Mexico
9.2.4.1 New Construction in Residential Segment to Drive Market
9.3 Europe
9.3.1 Impact of Recession on Europe
Figure 42 Europe: Paints & Coatings Market Snapshot
Table 241 Major Infrastructure Projects in Europe
Table 242 Europe: Paints & Coatings Market, by Country, 2017-2020 (USD Million)
Table 243 Europe: Paints & Coatings Market, by Country, 2021-2027 (USD Million)
Table 244 Europe: Paints & Coatings Market, by Country, 2017-2020 (Kiloton)
Table 245 Europe: Paints & Coatings Market, by Country, 2021-2027 (Kiloton)
Table 246 Europe: Decorative Paints & Coatings Market, by Country, 2017-2020 (USD Million)
Table 247 Europe: Decorative Paints & Coatings Market, by Country, 2021-2027 (USD Million)
Table 248 Europe: Decorative Paints & Coatings Market, by Country, 2017-2020 (Kiloton)
Table 249 Europe: Decorative Paints & Coatings Market, by Country, 2021-2027 (Kiloton)
Table 250 Europe: Industrial Paints & Coatings Market, by Country, 2017-2020 (USD Million)
Table 251 Europe: Industrial Paints & Coatings Market, by Country, 2021-2027 (USD Million)
Table 252 Europe: Industrial Paints & Coatings Market, by Country, 2017-2020 (Kiloton)
Table 253 Europe: Industrial Paints & Coatings Market, by Country, 2021-2027 (Kiloton)
Table 254 Europe: Decorative Paints & Coatings Market, by Resin Type, 2017-2020 (USD Million)
Table 255 Europe: Decorative Paints & Coatings Market, by Resin Type, 2021-2027 (USD Million)
Table 256 Europe: Decorative Paints & Coatings Market, by Resin Type, 2017-2020 (Kiloton)
Table 257 Europe: Decorative Paints & Coatings Market, by Resin Type, 2021-2027 (Kiloton)
Table 258 Europe: Industrial Paints & Coatings Market, by Resin Type, 2017-2020 (USD Million)
Table 259 Europe: Industrial Paints & Coatings Market, by Resin Type, 2021-2027 (USD Million)
Table 260 Europe: Industrial Paints & Coatings Market, by Resin Type, 2017-2020 (Kiloton)
Table 261 Europe: Industrial Paints & Coatings Market, by Resin Type, 2021-2027 (Kiloton)
Table 262 Europe: Decorative Paints & Coatings Market, by Technology, 2017-2020 (USD Million)
Table 263 Europe: Decorative Paints & Coatings Market, by Technology, 2021-2027 (USD Million)
Table 264 Europe: Decorative Paints & Coatings Market, by Technology, 2017-2020 (Kiloton)
Table 265 Europe: Decorative Paints & Coatings Market, by Technology, 2021-2027 (Kiloton)
Table 266 Europe: Industrial Paints & Coatings Market, by Technology, 2017-2020 (USD Million)
Table 267 Europe: Industrial Paints & Coatings Market, by Technology, 2021-2027 (USD Million)
Table 268 Europe: Industrial Paints & Coatings Market, by Technology, 2017-2020 (Kiloton)
Table 269 Europe: Industrial Paints & Coatings Market, by Technology, 2021-2027 (Kiloton)
Table 270 Europe: Decorative Paints & Coatings Market, by End-Use Industry, 2017-2020 (USD Million)
Table 271 Europe: Decorative Paints & Coatings Market, by End-Use Industry, 2021-2027 (USD Million)
Table 272 Europe: Decorative Paints & Coatings Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 273 Europe: Decorative Paints & Coatings Market, by End-Use Industry, 2021-2027 (Kiloton)
Table 274 Europe: Industrial Paints & Coatings Market, by End-Use Industry, 2017-2020 (USD Million)
Table 275 Europe: Industrial Paints & Coatings Market, by End-Use Industry, 2021-2027 (USD Million)
Table 276 Europe: Industrial Paints & Coatings Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 277 Europe: Industrial Paints & Coatings Market, by End-Use Industry, 2021-2027 (Kiloton)
9.3.2 Germany
9.3.2.1 Favorable Economic Environment and Rising Demand for New Homes to Drive Growth
9.3.3 Russia
9.3.3.1 Growing Population Leading to Rise in Applications of Architectural Paints & Coatings
9.3.4 UK
9.3.4.1 Growing Construction Sector Along with Government Spending to Boost Demand
9.3.5 France
9.3.5.1 Reviving Economy Coupled with Investments in Infrastructure to Boost Demand
9.3.6 Italy
9.3.6.1 New Project Finance Rules and Investment Policies to Boost Market Growth
9.3.7 Spain
9.3.7.1 Increase in Housing Units to Boost Demand for Paints & Coatings
9.3.8 Turkey
9.3.8.1 Rapid Urbanization and Diversification in Consumer Goods to Impact Market Positively
9.3.9 Rest of Europe
9.4 Asia-Pacific
9.4.1 Impact of Recession on Asia-Pacific
Figure 43 Asia-Pacific: Paints & Coatings Market Snapshot
Table 278 Asia-Pacific: Paints & Coatings Market, by Country, 2017-2020 (USD Million)
Table 279 Asia-Pacific: Paints & Coatings Market, by Country, 2021-2027 (USD Million)
Table 280 Asia-Pacific: Paints & Coatings Market, by Country, 2017-2020 (Kiloton)
Table 281 Asia-Pacific: Paints & Coatings Market, by Country, 2021-2027 (Kiloton)
Table 282 Asia-Pacific: Decorative Paints & Coatings Market, by Country, 2017-2020 (USD Million)
Table 283 Asia-Pacific: Decorative Paints & Coatings Market, by Country, 2021-2027 (USD Million)
Table 284 Asia-Pacific: Decorative Paints & Coatings Market, by Country, 2017-2020 (Kiloton)
Table 285 Asia-Pacific: Decorative Paints & Coatings Market, by Country, 2021-2027 (Kiloton)
Table 286 Asia-Pacific: Industrial Paints & Coatings Market, by Country, 2017-2020 (USD Million)
Table 287 Asia-Pacific: Industrial Paints & Coatings Market, by Country, 2021-2027 (USD Million)
Table 288 Asia-Pacific: Industrial Paints & Coatings Market, by Country, 2017-2020 (Kiloton)
Table 289 Asia-Pacific: Industrial Paints & Coatings Market, by Country, 2021-2027 (Kiloton)
Table 290 Asia-Pacific: Decorative Paints & Coatings Market, by Resin Type, 2017-2020 (USD Million)
Table 291 Asia-Pacific: Decorative Paints & Coatings Market, by Resin Type, 2021-2027 (USD Million)
Table 292 Asia-Pacific: Decorative Paints & Coatings Market, by Resin Type, 2017-2020 (Kiloton)
Table 293 Asia-Pacific: Decorative Paints & Coatings Market, by Resin Type, 2021-2027 (Kiloton)
Table 294 Asia-Pacific: Industrial Paints & Coatings Market, by Resin Type, 2017-2020 (USD Million)
Table 295 Asia-Pacific: Industrial Paints & Coatings Market, by Resin Type, 2021-2027 (USD Million)
Table 296 Asia-Pacific: Industrial Paints & Coatings Market, by Resin Type, 2017-2020 (Kiloton)
Table 297 Asia-Pacific: Industrial Paints & Coatings Market, by Resin Type, 2021-2027 (Kiloton)
Table 298 Asia-Pacific: Decorative Paints & Coatings Market, by Technology, 2017-2020 (USD Million)
Table 299 Asia-Pacific: Decorative Paints & Coatings Market, by Technology, 2021-2027 (USD Million)
Table 300 Asia-Pacific: Decorative Paints & Coatings Market, by Technology, 2017-2020 (Kiloton)
Table 301 Asia-Pacific: Decorative Paints & Coatings Market, by Technology, 2021-2027 (Kiloton)
Table 302 Asia-Pacific: Industrial Paints & Coatings Market, by Technology, 2017-2020 (USD Million)
Table 303 Asia-Pacific: Industrial Paints & Coatings Market, by Technology, 2021-2027 (USD Million)
Table 304 Asia-Pacific: Industrial Paints & Coatings Market, by Technology, 2017-2020 (Kiloton)
Table 305 Asia-Pacific: Industrial Paints & Coatings Market, by Technology, 2021-2027 (Kiloton)
Table 306 Asia-Pacific: Decorative Paints & Coatings Market, by End-Use Industry, 2017-2020 (USD Million)
Table 307 Asia-Pacific: Decorative Paints & Coatings Market, by End-Use Industry, 2021-2027 (USD Million)
Table 308 Asia-Pacific: Decorative Paints & Coatings Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 309 Asia-Pacific: Decorative Paints & Coatings Market, by End-Use Industry, 2021-2027 (Kiloton)
Table 310 Asia-Pacific: Industrial Paints & Coatings Market, by End-Use Industry, 2017-2020 (USD Million)
Table 311 Asia-Pacific: Industrial Paints & Coatings Market, by End-Use Industry, 2021-2027 (USD Million)
Table 312 Asia-Pacific: Industrial Paints & Coatings Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 313 Asia-Pacific: Industrial Paints & Coatings Market, by End-Use Industry, 2021-2027 (Kiloton)
9.4.2 China
9.4.2.1 Foreign Investments to Drive Market
Table 314 China's Top Infrastructure Projects
9.4.3 India
9.4.3.1 Boom in Real Estate Sector to Drive Market
Table 315 Upcoming Infrastructure Projects in India
9.4.4 Japan
9.4.4.1 Investments in Infrastructural Markets by Public and Private Sectors to Boost Demand
Table 316 Mega Infrastructure Projects in Japan
9.4.5 Indonesia
9.4.5.1 Increasing Penetration of Japanese Car Manufacturers to Drive Market Growth
9.4.6 Thailand
9.4.6.1 Automotive Industry to Contribute Significantly to Market Growth
9.4.7 Rest of Asia-Pacific
9.5 Middle East & Africa
9.5.1 Impact of Recession on Middle East & Africa
Figure 44 Middle East & Africa: Paints & Coatings Market Snapshot
Table 317 Middle East & Africa: Paints & Coatings Market, by Country, 2017-2020 (USD Million)
Table 318 Middle East & Africa: Paints & Coatings Market, by Country, 2021-2027 (USD Million)
Table 319 Middle East & Africa: Paints & Coatings Market, by Country, 2017-2020 (Kiloton)
Table 320 Middle East & Africa: Paints & Coatings Market, by Country, 2021-2027 (Kiloton)
Table 321 Middle East & Africa: Decorative Paints & Coatings Market, by Country, 2017-2020 (USD Million)
Table 322 Middle East & Africa: Decorative Paints & Coatings Market, by Country, 2021-2027 (USD Million)
Table 323 Middle East & Africa: Decorative Paints & Coatings Market, by Country, 2017-2020 (Kiloton)
Table 324 Middle East & Africa: Decorative Paints & Coatings Market, by Country, 2021-2027 (Kiloton)
Table 325 Middle East & Africa: Industrial Paints & Coatings Market, by Country, 2017-2020 (USD Million)
Table 326 Middle East & Africa: Industrial Paints & Coatings Market, by Country, 2021-2027 (USD Million)
Table 327 Middle East & Africa: Industrial Paints & Coatings Market, by Country, 2017-2020 (Kiloton)
Table 328 Middle East & Africa: Industrial Paints & Coatings Market, by Country, 2021-2027 (Kiloton)
Table 329 Middle East & Africa: Decorative Paints & Coatings Market, by Resin Type, 2017-2020 (USD Million)
Table 330 Middle East & Africa: Decorative Paints & Coatings Market, by Resin Type, 2021-2027 (USD Million)
Table 331 Middle East & Africa: Decorative Paints & Coatings Market, by Resin Type, 2017-2020 (Kiloton)
Table 332 Middle East & Africa: Decorative Paints & Coatings Market, by Resin Type, 2021-2027 (Kiloton)
Table 333 Middle East & Africa: Industrial Paints & Coatings Market, by Resin Type, 2017-2020 (USD Million)
Table 334 Middle East & Africa: Industrial Paints & Coatings Market, by Resin Type, 2021-2027 (USD Million)
Table 335 Middle East & Africa: Industrial Paints & Coatings Market, by Resin Type, 2017-2020 (Kiloton)
Table 336 Middle East & Africa: Industrial Paints & Coatings Market, by Resin Type, 2021-2027 (Kiloton)
Table 337 Middle East & Africa: Decorative Paints & Coatings Market, by Technology, 2017-2020 (USD Million)
Table 338 Middle East & Africa: Decorative Paints & Coatings Market, by Technology, 2021-2027 (USD Million)
Table 339 Middle East & Africa: Decorative Paints & Coatings Market, by Technology, 2017-2020 (Kiloton)
Table 340 Middle East & Africa: Decorative Paints & Coatings Market, by Technology, 2021-2027 (Kiloton)
Table 341 Middle East & Africa: Industrial Paints & Coatings Market, by Technology, 2017-2020 (USD Million)
Table 342 Middle East & Africa: Industrial Paints & Coatings Market, by Technology, 2021-2027 (USD Million)
Table 343 Middle East & Africa: Industrial Paints & Coatings Market, by Technology, 2017-2020 (Kiloton)
Table 344 Middle East & Africa: Industrial Paints & Coatings Market, by Technology, 2021-2027 (Kiloton)
Table 345 Middle East & Africa: Decorative Paints & Coatings Market, by End-Use Industry, 2017-2020 (USD Million)
Table 346 Middle East & Africa: Decorative Paints & Coatings Market, by End-Use Industry, 2021-2027 (USD Million)
Table 347 Middle East & Africa: Decorative Paints & Coatings Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 348 Middle East & Africa: Decorative Paints & Coatings Market, by End-Use Industry, 2021-2027 (Kiloton)
Table 349 Middle East & Africa: Industrial Paints & Coatings Market, by End-Use Industry, 2017-2020 (USD Million)
Table 350 Middle East & Africa: Industrial Paints & Coatings Market, by End-Use Industry, 2021-2027 (USD Million)
Table 351 Middle East & Africa: Industrial Paints & Coatings Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 352 Middle East & Africa: Industrial Paints & Coatings Market, by End-Use Industry, 2021-2027 (Kiloton)
9.5.2 Saudi Arabia
9.5.2.1 Significant Government Investments in Infrastructure Development to Boost Tourism
9.5.3 South Africa
9.5.3.1 Significant Demand for Architectural Coatings in Building Projects to Boost Market
9.5.4 Egypt
9.5.4.1 Significant Increase in Construction Activity to Drive Paints & Coatings Market
9.5.5 Rest of Middle East & Africa
9.6 South America
9.6.1 Impact of Recession on South America
Figure 45 Brazil to Register Highest CAGR Between 2022 and 2027
Table 353 South America: Paints & Coatings Market, by Country, 2017-2020 (USD Million)
Table 354 South America: Paints & Coatings Market, by Country, 2021-2027 (USD Million)
Table 355 South America: Paints & Coatings Market, by Country, 2017-2020 (Kiloton)
Table 356 South America: Paints & Coatings Market, by Country, 2021-2027 (Kiloton)
Table 357 South America: Decorative Paints & Coatings Market, by Country, 2017-2020 (USD Million)
Table 358 South America: Decorative Paints & Coatings Market, by Country, 2021-2027 (USD Million)
Table 359 South America: Decorative Paints & Coatings Market, by Country, 2017-2020 (Kiloton)
Table 360 South America: Decorative Paints & Coatings Market, by Country, 2021-2027 (Kiloton)
Table 361 South America: Industrial Paints & Coatings Market, by Country, 2017-2020 (USD Million)
Table 362 South America: Industrial Paints & Coatings Market, by Country, 2021-2027 (USD Million)
Table 363 South America: Industrial Paints & Coatings Market, by Country, 2017-2020 (Kiloton)
Table 364 South America: Industrial Paints & Coatings Market, by Country, 2021-2027 (Kiloton)
Table 365 South America: Decorative Paints & Coatings Market, by Resin Type, 2017-2020 (USD Million)
Table 366 South America: Decorative Paints & Coatings Market, by Resin Type, 2021-2027 (USD Million)
Table 367 South America: Decorative Paints & Coatings Market, by Resin Type, 2017-2020 (Kiloton)
Table 368 South America: Decorative Paints & Coatings Market, by Resin Type, 2021-2027 (Kiloton)
Table 369 South America: Industrial Paints & Coatings Market, by Resin Type, 2017-2020 (USD Million)
Table 370 South America: Industrial Paints & Coatings Market, by Resin Type, 2021-2027 (USD Million)
Table 371 South America: Industrial Paints & Coatings Market, by Resin Type, 2017-2020 (Kiloton)
Table 372 South America: Industrial Paints & Coatings Market, by Resin Type, 2021-2027 (Kiloton)
Table 373 South America: Decorative Paints & Coatings Market, by Technology, 2017-2020 (USD Million)
Table 374 South America: Decorative Paints & Coatings Market, by Technology, 2021-2027 (USD Million)
Table 375 South America: Decorative Paints & Coatings Market, by Technology, 2017-2020 (Kiloton)
Table 376 South America: Decorative Paints & Coatings Market, by Technology, 2021-2027 (Kiloton)
Table 377 South America: Industrial Paints & Coatings Market, by Technology, 2017-2020 (USD Million)
Table 378 South America: Industrial Paints & Coatings Market, by Technology, 2021-2027 (USD Million)
Table 379 South America: Industrial Paints & Coatings Market, by Technology, 2017-2020 (Kiloton)
Table 380 South America: Industrial Paints & Coatings Market, by Technology, 2021-2027 (Kiloton)
Table 381 South America: Decorative Paints & Coatings Market, by End-Use Industry, 2017-2020 (USD Million)
Table 382 South America: Decorative Paints & Coatings Market, by End-Use Industry, 2021-2027 (USD Million)
Table 383 South America: Decorative Paints & Coatings Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 384 South America: Decorative Paints & Coatings Market, by End-Use Industry, 2021-2027 (Kiloton)
Table 385 South America: Industrial Paints & Coatings Market, by End-Use Industry, 2017-2020 (USD Million)
Table 386 South America: Industrial Paints & Coatings Market, by End-Use Industry, 2021-2027 (USD Million)
Table 387 South America: Industrial Paints & Coatings Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 388 South America: Industrial Paints & Coatings Market, by End-Use Industry, 2021-2027 (Kiloton)
9.6.2 Brazil
9.6.2.1 Investment Partnership Program to Promote Private-Sector Participation in Infrastructure Development
9.6.3 Argentina
9.6.3.1 Increase in Population and Improved Economic Conditions to Drive Demand
9.6.4 Rest of South America
10 Competitive Landscape
10.1 Overview
Table 389 Overview of Strategies Adopted by Key Paints & Coatings Players (2016-2023)
10.2 Company Evaluation Quadrant Matrix, 2021
10.2.1 Stars
10.2.2 Emerging Leaders
10.2.3 Pervasive Players
10.2.4 Participants
Figure 46 Company Evaluation Quadrant, 2021
10.3 Company Evaluation Matrix for Startups/Small and Medium-Sized Enterprises (SMEs), 2021
10.3.1 Responsive Companies
10.3.2 Progressive Companies
10.3.3 Starting Blocks
10.3.4 Dynamic Companies
Figure 47 Company Evaluation Quadrant for SMEs, 2021
10.4 Strength of Product Portfolio
Figure 48 Product Portfolio Analysis of Top Players in Paints & Coatings Market
10.5 Competitive Benchmarking
Table 390 Detailed List of Key Startups/Smes
Table 391 Competitive Benchmarking of Key Players [Startups/Smes]
Table 392 Company Evaluation Matrix
10.6 Market Share Analysis
Figure 49 Market Share, by Key Player (2021)
Table 393 Degree of Competition, 2021
10.7 Market Ranking Analysis
Figure 50 Market Ranking Analysis, 2021
10.8 Revenue Analysis
Figure 51 Revenue Analysis of Top Five Players, 2017-2021
10.9 Competitive Scenario
10.9.1 Market Evaluation Framework
Table 394 Strategic Developments, by Company
Table 395 Highest Adopted Strategies
Table 396 Number of Growth Strategies Adopted by Key Companies
10.9.2 Market Evaluation Matrix
Table 397 Company Industry Footprint
Table 398 Company Region Footprint
Table 399 Company Footprint
10.1 Strategic Developments
10.10.1 Product Launches, 2016-2023
Table 400 Product Launches, 2016-2023
10.10.2 Deals, 2016-2023
Table 401 Deals, 2016-2023
10.10.3 Other Developments, 2016-2023
Table 402 Other Developments, 2016-2023
11 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Deals, Analyst's View, Key Right to Win, Strategic Choices, Weakness Competitive Threats)*
11.1 Major Players
11.1.1 Akzonobel N.V.
Table 403 Akzonobel N.V.: Company Overview
Figure 52 Akzonobel N.V.: Company Snapshot
Table 404 Akzonobel N.V.: Product Launches
Table 405 Akzonobel N.V.: Deals
11.1.2 Ppg Industries
Table 406 Ppg Industries: Company Overview
Figure 53 Ppg Industries: Company Snapshot
Table 407 Ppg Industries: Product Launches
Table 408 Ppg Industries: Deals
Table 409 Ppg Industries: Others
11.1.3 Sherwin-Williams Company
Table 410 Sherwin-Williams Company: Company Overview
Figure 54 Sherwin-Williams Company: Company Snapshot
Table 411 Sherwin-Williams Company: Product Launches
Table 412 Sherwin-Williams Company: Deals
11.1.4 Axalta Coating Systems LLC
Table 413 Axalta Coating Systems LLC: Company Overview
Figure 55 Axalta Coating Systems LLC: Company Snapshot
Table 414 Axalta Coating Systems LLC: Product Launches
Table 415 Axalta Coating Systems LLC: Deals
11.1.5 Jotun A/S
Table 416 Jotun A/S: Company Overview
Figure 56 Jotun A/S: Company Snapshot
Table 417 Jotun A/S: Product Launches
Table 418 Jotun A/S: Deals
11.1.6 Nippon Paint Holdings Co. Ltd.
Table 419 Nippon Paint Holdings Co. Ltd.: Company Overview
Figure 57 Nippon Paint Holdings Co. Ltd.: Company Snapshot
Table 420 Nippon Paint Holdings Co. Ltd.: Product Launches
Table 421 Nippon Paint Holdings Co. Ltd.: Deals
11.1.7 Asian Paints Limited
Table 422 Asian Paints Limited: Company Overview
Figure 58 Asian Paints Limited: Company Snapshot
Table 423 Asian Paints Limited: Product Launches
Table 424 Asian Paints Limited: Deals
11.1.8 Kansai Paint Co. Ltd.
Table 425 Kansai Paints Co. Ltd.: Company Overview
Figure 59 Kansai Paints Co. Ltd.: Company Snapshot
Table 426 Kansai Paints Co. Ltd.: Product Launches
Table 427 Kansai Paints Co. Ltd.: Deals
11.1.9 Rpm International Inc.
Table 428 Rpm International Inc.: Company Overview
Figure 60 Rpm International Inc.: Company Snapshot
Table 429 Rpm International Inc.: Deals
11.1.10 Basf Coatings Gmbh
Table 430 Basf Coatings Gmbh: Company Overview
Figure 61 Basf Coatings Gmbh: Company Snapshot
Table 431 Basf Coatings Gmbh: Product Launches
Table 432 Basf Coatings Gmbh: Deals
11.2 Other Companies
11.2.1 Hempel A/S
Table 433 Hempel A/S: Product Launches
Table 434 Hempel A/S: Deals
11.2.2 Berger Paints India Limited
Table 435 Berger Paints India Limited: Deals
11.2.3 Shalimar Paints
Table 436 Shalimar Paints: Product Launches
Table 437 Shalimar Paints: Deals
11.2.4 Masco Corporation
11.2.5 Sk Kaken Co. Ltd.
11.2.6 Beckers Group
Table 438 Beckers Group: Product Launches
Table 439 Beckers Group: Deals
11.2.7 Fujikura Kasei Co. Ltd.
11.2.8 Tiger Coatings GmbH & Co. Kg
11.2.9 Sacal International Group Ltd.
11.2.10 Diamond Vogel Paint Company
11.2.11 Vista Paint Corporation
11.2.12 Indigo Paints Pvt. Ltd.
11.2.13 Kelly-Moore Paints
11.2.14 Daw Se
Table 440 Daw Se: Deals
11.2.15 H-I-S Coatings & Paint Manufacturing Co.
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Deals, Analyst's View, Key Right to Win, Strategic Choices, Weakness Competitive Threats Might Not be Captured in Case of Unlisted Companies.
12 Adjacent/Related Markets
12.1 Introduction
12.2 Limitations
12.3 Ecosystem Analysis
Figure 62 Paints & Coatings: Ecosystem
12.4 Automotive Coatings
12.4.1 Market Definition
12.4.2 Market Overview
12.5 Automotive Coatings Market, by Resin Type
Table 441 Automotive Coatings Market, by Resin Type, 2018-2021 (USD Million)
Table 442 Automotive Coatings Market, by Resin Type, 2022-2027 (USD Million)
Table 443 Automotive Coatings Market, by Resin Type, 2018-2021 (Kiloton)
Table 444 Automotive Coatings Market, by Resin Type, 2022-2027 (Kiloton)
12.5.1 Polyurethane
12.5.1.1 Environment-Friendliness and Excellent Strength- To-Weight Ratio Properties to Drive Market
12.5.2 Epoxy
12.5.2.1 High Adhesion and Resistance to Rust to Drive Market
12.5.3 Acrylic
12.5.3.1 Resistance to Abrasion and Chemical Attacks to Drive Market
12.5.4 Others
12.6 Automotive Coatings Market, by Technology
Table 445 Automotive Coatings Market, by Technology, 2018-2021 (USD Million)
Table 446 Automotive Coatings Market, by Technology, 2022-2027 (USD Million)
Table 447 Automotive Coatings Market, by Technology, 2018-2021 (Kiloton)
Table 448 Automotive Coatings Market, by Technology, 2022-2027 (Kiloton)
12.6.1 Solvent-Based
12.6.1.1 Higher Durability and Low Sensitivity to Base Underneath to Drive Market
12.6.2 Water-Based
12.6.2.1 Environmentally Friendly and Low Clearcoat Requirements to Drive Market
12.6.3 Powder-Based
12.6.3.1 Abrasion and Corrosion Resistance Properties to Drive Market
12.7 Automotive Coatings Market, by Coat Type
Table 449 Automotive Coatings Market, by Coat Type, 2018-2021 (USD Million)
Table 450 Automotive Coatings Market, by Coat Type, 2022-2027 (USD Million)
Table 451 Automotive Coatings Market, by Coat Type, 2018-2021 (Kiloton)
Table 452 Automotive Coatings Market, by Coat Type, 2022-2027 (Kiloton)
12.7.1 E-Coat
12.7.1.1 Economical and High Protection Offering to Drive Market
12.7.2 Primer
12.7.2.1 Superior Adhesion to Topcoats to Drive Market
12.7.3 Basecoat
12.7.3.1 Reduced Downtime and Maintenance to Drive Market
12.7.4 Clearcoat
12.7.4.1 Valuable Body Protection to Drive Market
12.8 Automotive Coatings Market, by Region
Table 453 Automotive Coatings Market, by Region, 2018-2021 (USD Million)
Table 454 Automotive Coatings Market, by Region, 2022-2027 (USD Million)
Table 455 Automotive Coatings Market, by Region, 2018-2021 (Kiloton)
Table 456 Automotive Coatings Market, by Region, 2022-2027 (Kiloton)
12.8.1 North America
12.8.2 Europe
12.8.3 Asia-Pacific
12.8.4 South America
12.8.5 Middle East & Africa
13 Appendix
13.1 Discussion Guide
13.2 Knowledgestore: The Subscription Portal
13.3 Customization Options
13.4 Related Reports
13.5 Author Details
Executive Summary
Companies Mentioned
- Akzonobel N.V.
- Asian Paints Limited
- Axalta Coating Systems LLC
- Basf Coatings Gmbh
- Beckers Group
- Berger Paints India Limited
- Daw Se
- Diamond Vogel Paint Company
- Fujikura Kasei Co. Ltd.
- Hempel A/S
- Indigo Paints Pvt. Ltd.
- Jotun A/S
- Kansai Paint Co. Ltd.
- Kelly-Moore Paints
- Masco Corporation
- Nippon Paint Holdings Co. Ltd.
- Ppg Industries
- Rpm International Inc.
- Sacal International Group Ltd.
- Shalimar Paints
- Sherwin-Williams Company
- Sk Kaken Co. Ltd.
- Tiger Coatings GmbH & Co. Kg
- Vista Paint Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 401 |
| Published | March 2023 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value ( USD | $ 190.1 Billion |
| Forecasted Market Value ( USD | $ 223.6 Billion |
| Compound Annual Growth Rate | 3.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 24 |
