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Paints and Coatings Global Market Report 2024

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    Report

  • 400 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5781287
The paints and coatings market size has grown strongly in recent years. It will grow from $247.72 billion in 2023 to $267.22 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed in the historic period can be credited to the boom in construction and real estate, trends in the automotive industry, growth in industrial manufacturing, adherence to environmental regulations, and fluctuations in raw material prices.

The paints and coatings market size is expected to see strong growth in the next few years. It will grow to $355.12 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The anticipated expansion during the forecast period is ascribed to the adoption of green and sustainable practices, swift urbanization, economic development in emerging markets, emphasis on infrastructure renewal, and adherence to stringent safety standards. Key trends expected in the forecast period encompass the integration of digitalization in manufacturing, the utilization of smart coatings and nanotechnology, continuous technological advancements, the emergence of bio-based and sustainable coatings, and a heightened focus on high-performance coatings.

The anticipated growth of the paint and coatings market is driven by the increasing consumption in end-user industries. There is a notable surge in the usage of paints and coatings across various sectors such as automotive, construction, and manufacturing. These coatings play a crucial role in protecting surfaces, enhancing aesthetics, and providing corrosion resistance in the construction industry. For example, in June 2023, data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development revealed that privately owned home starts were growing at a seasonally adjusted annual rate of 1,631,000, marking a substantial increase over the previous predictions and rates in April 2023 and May 2022. This trend is expected to contribute to the overall growth of the paint and coatings market.

The expanding automotive industry is also set to be a key driver for the growth of the paint and coatings market. Within the automotive sector, paint and coatings are essential for protecting vehicle surfaces, ensuring aesthetic finishes, and improving overall durability. Notably, in September 2023, the Society of Motor Manufacturers and Traders (SMMT) reported a significant year-over-year increase in UK vehicle production, with passenger cars and commercial vehicles both experiencing positive growth rates. This growth in the automotive industry is directly influencing the upward trajectory of the paint and coatings market.

The COVID-19 pandemic has posed challenges for the paint and coatings market in 2020, leading to disruptions in supply chains and reduced consumption due to global lockdowns. The impact of COVID-19, characterized by flu-such as symptoms, has been felt worldwide, affecting various regions including Western Europe, North America, and Asia. Governments' measures to curb the spread of the virus have resulted in economic downturns and business setbacks. Despite the setbacks caused by this unforeseen event, the paint and coatings market is expected to recover over the forecast period, as the pandemic is considered a 'black swan' event, not indicative of underlying weaknesses in the market or the global economy.

Biocides play a crucial role in enhancing the durability and preserving the quality of paints. These additives are specifically formulated to safeguard paints from damage during storage and to prevent the growth of fungi and algae on applied surfaces. The biocides market in paints is anticipated to experience continuous growth, driven by the transition from solvent-based to water-based paints. The shift is motivated by the non-hazardous nature of water-based paints to human health and the environment, along with their effectiveness in minimizing fungal and algae proliferation. However, the adoption of environmentally friendly biocides as replacements for traditional chlorine and formaldehyde-based biocides contributes to an increase in the production costs of paints. Notable companies, such as The Dow Chemical Company, Troy Corporation, BASF SE, Thor Group, and AkzoNobel N.V., are actively incorporating biocides in their paint manufacturing processes.

Leading players in the paints and coatings industry are focusing on innovation, introducing products such as antimicrobial paints designed to inhibit the growth of harmful microorganisms on painted surfaces. These specialized paints find applications in healthcare and high-traffic environments. An example of such innovation is the Antimicrobial Kid’s Paint launched by Nippon Paint Holdings Co., Ltd., a Japan-based paint and paint products manufacturing company, in January 2021. This unique paint not only demonstrates resistance to color change but also exhibits effective anti-viral performance in line with the Chinese anti-viral coating code. The Antimicrobial Kid’s Paint is designed to reduce bacteria (S. aureus, E. coli, etc.) and virus (H3N2, EV71, Human-COVID-19 229E, etc.) pollution on coated surfaces, offering additional features such as formaldehyde reduction, low volatile organic compounds (VOC), and low odor performance.

Major companies operating in the paints and coatings market report are BASF SE, Sherwin Williams Company, PPG Industries Inc., Arkema SA., Akzo Nobel N.V., Nippon Paint Holdings Co ltd., Masco Corporation, RPM International Inc., KCC Corporation, Axalta Coating Systems ltd., Diamond Vogel Paints, The Valspar Corporation, Asian Paints Limited, Kansai Paint Co. Ltd., Jotun Group, Hempel A/S, DAW SE, Benjamin Moore & Co., Berger Paints India Limited, Berger Paints India Limited, Rust-Oleum Corporation, Dunn-Edwards Corporation, Tikkurila Oyj, Nihon Tokushu Toryo Co. Ltd., Kelly-Moore Paints, Tnemec Company Inc., Chugoku Marine Paints Ltd., Behr Process Corporation, Vitracoat America Inc., National Paints Factories Co. Ltd., Shalimar Paints Limited.

Asia-Pacific was the largest region in the paints and coatings market in 2023. Western Europe was the second-largest region in the paints and coatings market. The regions covered in the paints and coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the paints and coatings market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.

The primary types of paints and coatings encompass water-borne coatings, solvent-based coatings, powder coatings, and other variations. Water-borne coatings, known for their environmental friendliness, utilize water as a solvent to disperse the resin used in the coating or paint. Resins can be of different types, including acrylic, polyurethane, polyesters, epoxy, alkyd, and others. The performance categories cover commodity coatings, engineering coatings, and high-performance coatings. These paints and coatings find applications in various sectors such as architectural, automotive, wood, packaging, aerospace, and others.

The paints and coatings market research report is one of a series of new reports that provides paints and coatings market statistics, including paints and coatings industry global market size, regional shares, competitors with a paints and coatings market share, detailed paints and coatings market segments, market trends and opportunities, and any further data you may need to thrive in the paints and coatings industry. This paints and coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The paints and coatings market consists of the sales of polyurethane coatings, epoxy coatings, alkyd coatings, zinc-rich coatings, and acrylic coatings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Paints and Coatings Market Characteristics
3. Paints and Coatings Product/Service Analysis -Product/Service Examples
3.1. Paints and Coatings Supply Chain Analysis
3.1.1. Paints and Coatings Resources
3.1.2. Paints and Coatings Manufacturers
3.1.3. Paints and Coatings Distributors and Retailers
3.1.4. Paints and Coatings End Users
3.2. Paints and Coatings Customer Information
4. Paints and Coatings Market Trends and Strategies
5. Paints and Coatings Market - Macro Economic Scenario
5.1. Impact of High Inflation on the Market
5.2. Ukraine-Russia War Impact on the Market
5.3. COVID-19 Impact on the Market
6. Global Paints and Coatings Market Size and Growth
6.1. Global Paints and Coatings Market Drivers and Restraints
6.1.1. Drivers of the Market
6.1.2. Restraints of the Market
6.2. Global Paints and Coatings Historic Market Size and Growth, 2018-2023, Value ($ Billion)
6.3. Global Paints and Coatings Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
7. Paints and Coatings Market Segmentation
7.1. Global Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Water Borne Coatings
  • Solvent Based Coatings
  • Powder Coatings
  • Other Paints and Coatings
7.2. Global Paints and Coatings Market, Segmentation by Type of Resin, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Acrylic
  • Polyurethanes
  • Polyesters
  • Epoxy
  • Alkyd
  • Other Type of Resins
7.3. Global Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Commodity Coating Range
  • Engineering Coating Range
  • High-Performance Coating Range
7.4. Global Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Architectural
  • Automotive
  • Wood
  • Packaging
  • Aerospace
  • Other Applications
8. Paints and Coatings Market Regional and Country Analysis
8.1. Global Paints and Coatings Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.2. Global Paints and Coatings Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. Asia-Pacific Paints and Coatings Market
9.1. Asia-Pacific Paints and Coatings Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
9.2. Asia-Pacific Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9.3. Asia-Pacific Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9.4. Asia-Pacific Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10. China Paints and Coatings Market
10.1. China Paints and Coatings Market Overview
10.2. China Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10.3. China Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10.4. China Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
11. India Paints and Coatings Market
11.1. India Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. India Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. India Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Japan Paints and Coatings Market
12.1. Japan Paints and Coatings Market Overview
12.2. Japan Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Japan Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.4. Japan Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Australia Paints and Coatings Market
13.1. Australia Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Australia Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Australia Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. Indonesia Paints and Coatings Market
14.1. Indonesia Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. Indonesia Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. Indonesia Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. South Korea Paints and Coatings Market
15.1. South Korea Paints and Coatings Market Overview
15.2. South Korea Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. South Korea Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. South Korea Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. Bangladesh Paints and Coatings Market
16.1. Bangladesh, Paints and Coatings Historic Market, 2018-2023, $ Billion
16.2. Bangladesh, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
17. Thailand Paints and Coatings Market
17.1. Thailand, Paints and Coatings Historic Market, 2018-2023, $ Billion
17.2. Thailand, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
18. Vietnam Paints and Coatings Market
18.1. Vietnam, Paints and Coatings Historic Market, 2018-2023, $ Billion
18.2. Vietnam, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
19. Malaysia Paints and Coatings Market
19.1. Malaysia, Paints and Coatings Historic Market, 2018-2023, $ Billion
19.2. Malaysia, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
20. Singapore Paints and Coatings Market
20.1. Singapore, Paints and Coatings Historic Market, 2018-2023, $ Billion
20.2. Singapore, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
21. Philippines Paints and Coatings Market
21.1. Philippines, Paints and Coatings Historic Market, 2018-2023, $ Billion
21.2. Philippines, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
22. Hong Kong Paints and Coatings Market
22.1. Hong Kong, Paints and Coatings Historic Market, 2018-2023, $ Billion
22.2. Hong Kong, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
23. New Zealand Paints and Coatings Market
23.1. New Zealand, Paints and Coatings Historic Market, 2018-2023, $ Billion
23.2. New Zealand, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
24. Western Europe Paints and Coatings Market
24.1. Western Europe Paints and Coatings Market Overview
24.2. Western Europe Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. Western Europe Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. Western Europe Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. UK Paints and Coatings Market
25.1. UK Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.2. UK Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. UK Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. Germany Paints and Coatings Market
26.1. Germany Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.2. Germany Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. Germany Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. France Paints and Coatings Market
27.1. France Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. France Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. France Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Italy Paints and Coatings Market
28.1. Italy Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.2. Italy Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Italy Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Spain Paints and Coatings Market
29.1. Spain Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.2. Spain Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Spain Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Austria Paints and Coatings Market
30.1. Austria, Paints and Coatings Historic Market, 2018-2023, $ Billion
30.2. Austria, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
31. Belgium Paints and Coatings Market
31.1. Belgium, Paints and Coatings Historic Market, 2018-2023, $ Billion
31.2. Belgium, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
32. Denmark Paints and Coatings Market
32.1. Denmark, Paints and Coatings Historic Market, 2018-2023, $ Billion
32.2. Denmark, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
33. Finland Paints and Coatings Market
33.1. Finland, Paints and Coatings Historic Market, 2018-2023, $ Billion
33.2. Finland, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
34. Ireland Paints and Coatings Market
34.1. Ireland, Paints and Coatings Historic Market, 2018-2023, $ Billion
34.2. Ireland, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
35. Netherlands Paints and Coatings Market
35.1. Netherlands, Paints and Coatings Historic Market, 2018-2023, $ Billion
35.2. Netherlands, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
36. Norway Paints and Coatings Market
36.1. Norway, Paints and Coatings Historic Market, 2018-2023, $ Billion
36.2. Norway, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
37. Portugal Paints and Coatings Market
37.1. Portugal, Paints and Coatings Historic Market, 2018-2023, $ Billion
37.2. Portugal, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
38. Sweden Paints and Coatings Market
38.1. Sweden, Paints and Coatings Historic Market, 2018-2023, $ Billion
38.2. Sweden, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
39. Switzerland Paints and Coatings Market
39.1. Switzerland, Paints and Coatings Historic Market, 2018-2023, $ Billion
39.2. Switzerland, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
40. Eastern Europe Paints and Coatings Market
40.1. Eastern Europe Paints and Coatings Market Overview
40.2. Eastern Europe Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
40.3. Eastern Europe Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
40.4. Eastern Europe Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41. Russia Paints and Coatings Market
41.1. Russia Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41.2. Russia Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41.3. Russia Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
42. Czech Republic Paints and Coatings Market
42.1. Czech Republic, Paints and Coatings Historic Market, 2018-2023, $ Billion
42.2. Czech Republic, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
43. Poland Paints and Coatings Market
43.1. Poland, Paints and Coatings Historic Market, 2018-2023, $ Billion
43.2. Poland, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
44. Romania Paints and Coatings Market
44.1. Romania, Paints and Coatings Historic Market, 2018-2023, $ Billion
44.2. Romania, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
45. Ukraine Paints and Coatings Market
45.1. Ukraine, Paints and Coatings Historic Market, 2018-2023, $ Billion
45.2. Ukraine, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
46. North America Paints and Coatings Market
46.1. North America Paints and Coatings Market Overview
46.2. North America Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
46.3. North America Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
46.4. North America Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47. USA Paints and Coatings Market
47.1. USA Paints and Coatings Market Overview
47.2. USA Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47.3. USA Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47.4. USA Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48. Canada Paints and Coatings Market
48.1. Canada Paints and Coatings Market Overview
48.2. Canada Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48.3. Canada Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48.4. Canada Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
49. Mexico Paints and Coatings Market
49.1. Mexico, Paints and Coatings Historic Market, 2018-2023, $ Billion
49.2. Mexico, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
50. South America Paints and Coatings Market
50.1. South America Paints and Coatings Market Overview
50.2. South America Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
50.3. South America Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
50.4. South America Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51. Brazil Paints and Coatings Market
51.1. Brazil Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51.2. Brazil Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51.3. Brazil Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
52. Chile Paints and Coatings Market
52.1. Chile, Paints and Coatings Historic Market, 2018-2023, $ Billion
52.2. Chile, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
53. Argentina Paints and Coatings Market
53.1. Argentina, Paints and Coatings Historic Market, 2018-2023, $ Billion
53.2. Argentina, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
54. Colombia Paints and Coatings Market
54.1. Colombia, Paints and Coatings Historic Market, 2018-2023, $ Billion
54.2. Colombia, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
55. Peru Paints and Coatings Market
55.1. Peru, Paints and Coatings Historic Market, 2018-2023, $ Billion
55.2. Peru, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
56. Middle East Paints and Coatings Market
56.1. Middle East Paints and Coatings Market Overview
56.2. Middle East Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
56.3. Middle East Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
56.4. Middle East Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
57. Saudi Arabia Paints and Coatings Market
57.1. Saudi Arabia, Paints and Coatings Historic Market, 2018-2023, $ Billion
57.2. Saudi Arabia, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
58. Israel Paints and Coatings Market
58.1. Israel, Paints and Coatings Historic Market, 2018-2023, $ Billion
58.2. Israel, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
59. Iran Paints and Coatings Market
59.1. Iran, Paints and Coatings Historic Market, 2018-2023, $ Billion
59.2. Iran, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
60. Turkey Paints and Coatings Market
60.1. Turkey, Paints and Coatings Historic Market, 2018-2023, $ Billion
60.2. Turkey, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
61. United Arab Emirates Paints and Coatings Market
61.1. United Arab Emirates, Paints and Coatings Historic Market, 2018-2023, $ Billion
61.2. United Arab Emirates, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
62. Africa Paints and Coatings Market
62.1. Africa Paints and Coatings Market Overview
62.2. Africa Paints and Coatings Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
62.3. Africa Paints and Coatings Market, Segmentation by Performance Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
62.4. Africa Paints and Coatings Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
63. Egypt Paints and Coatings Market
63.1. Egypt, Paints and Coatings Historic Market, 2018-2023, $ Billion
63.2. Egypt, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
64. Nigeria Paints and Coatings Market
64.1. Nigeria, Paints and Coatings Historic Market, 2018-2023, $ Billion
64.2. Nigeria, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
65. South Africa Paints and Coatings Market
65.1. South Africa, Paints and Coatings Historic Market, 2018-2023, $ Billion
65.2. South Africa, Paints and Coatings Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
66. Paints and Coatings Market Competitive Landscape and Company Profiles
66.1. Paints and Coatings Market Competitive Landscape
66.2. Paints and Coatings Market Company Profiles
66.2.1. BASF SE
66.2.1.1. Overview
66.2.1.2. Products and Services
66.2.1.3. Strategy
66.2.1.4. Financial Performance
66.2.2. Sherwin Williams Company
66.2.2.1. Overview
66.2.2.2. Products and Services
66.2.2.3. Strategy
66.2.2.4. Financial Performance
66.2.3. PPG Industries Inc.
66.2.3.1. Overview
66.2.3.2. Products and Services
66.2.3.3. Strategy
66.2.3.4. Financial Performance
66.2.4. Arkema SA.
66.2.4.1. Overview
66.2.4.2. Products and Services
66.2.4.3. Strategy
66.2.4.4. Financial Performance
66.2.5. Akzo Nobel N.V.
66.2.5.1. Overview
66.2.5.2. Products and Services
66.2.5.3. Strategy
66.2.5.4. Financial Performance
67. Paints and Coatings Market Other Major and Innovative Companies
67.1. Nippon Paint Holdings Co ltd.
67.2. Masco Corporation
67.3. RPM International Inc.
67.4. KCC Corporation
67.5. Axalta Coating Systems ltd.
67.6. Diamond Vogel Paints
67.7. The Valspar Corporation
67.8. Asian Paints Limited
67.9. Kansai Paint Co. Ltd.
67.10. Jotun Group
67.11. Hempel A/S
67.12. DAW SE
67.13. Benjamin Moore & Co.
67.14. Berger Paints India Limited
67.15. Rust-Oleum Corporation
68. Global Paints and Coatings Market Competitive Benchmarking69. Global Paints and Coatings Market Competitive Dashboard70. Key Mergers and Acquisitions in the Paints and Coatings Market
71. Paints and Coatings Market Future Outlook and Potential Analysis
71.1 Paints and Coatings Market in 2028 - Countries Offering Most New Opportunities
71.2 Paints and Coatings Market in 2028 - Segments Offering Most New Opportunities
71.3 Paints and Coatings Market in 2028 - Growth Strategies
71.3.1 Market Trend-based Strategies
71.3.2 Competitor Strategies
72. Appendix
72.1. Abbreviations
72.2. Currencies
72.3. Historic and Forecast Inflation Rates
72.4. Research Inquiries
72.5. About the Analyst
72.6. Copyright and Disclaimer

Executive Summary

Paints and Coatings Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on paints and coatings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for paints and coatings? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type: Water Borne Coatings; Solvent Based Coatings; Powder Coatings; Other Paints and Coatings
2) By Type of Resin: Acrylic; Polyurethanes; Polyesters; Epoxy; Alkyd; Other Type of Resins
3) By Performance Range: Commodity Coating Range; Engineering Coating Range; High-Performance Coating Range
4) By Application: Architectural; Automotive; Wood; Packaging; Aerospace; Other Applications

Key Companies Mentioned: BASF SE; Sherwin Williams Company; PPG Industries Inc.; Arkema SA.; Akzo Nobel N.V.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • BASF SE
  • Sherwin Williams Company
  • PPG Industries Inc.
  • Arkema SA.
  • Akzo Nobel N.V.
  • Nippon Paint Holdings Co ltd.
  • Masco Corporation
  • RPM International Inc.
  • KCC Corporation
  • Axalta Coating Systems ltd.
  • Diamond Vogel Paints
  • The Valspar Corporation
  • Asian Paints Limited
  • Kansai Paint Co. Ltd.
  • Jotun Group
  • Hempel A/S
  • DAW SE
  • Benjamin Moore & Co.
  • Berger Paints India Limited
  • Berger Paints India Limited
  • Rust-Oleum Corporation
  • Dunn-Edwards Corporation
  • Tikkurila Oyj
  • Nihon Tokushu Toryo Co. Ltd.
  • Kelly-Moore Paints
  • Tnemec Company Inc.
  • Chugoku Marine Paints Ltd.
  • Behr Process Corporation
  • Vitracoat America Inc.
  • National Paints Factories Co. Ltd.
  • Shalimar Paints Limited

Methodology

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Table Information