Reports

Global Paints and Coatings Market to Reach USD 202 billion by 2026, Aided by Rising Architectural Applications

Global Paints and Coatings Market: By Resin Type: Acrylic, Alkyd, Epoxy, Polyester, Polyurethane, Vinyl; By Technology: Powder-Based, Water-Borne, Solvent-Borne; By Application: Architectural, Industrial; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Paints and Coatings Market Outlook

The global paints and coatings industry attained a value of USD 160 billion in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 4% to reach USD 202 billion by 2026.

 

Global Paints and Coatings Market

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Asia Pacific among the Leading Regions for the Global Paints and Coatings Industry

Asia Pacific is one of the leading regional markets for the global paints and coatings industry due to the thriving construction industry in the region. The growth can be attributed to the ever-rising population and economic development in developing countries like China and India. The introduction of nano technology and anti-corrosion coating has improved the market demand for paints and paintings. The products are getting more environment friendly and come with better features. This can improve the demand for global paints and coatings industry in the forecast period as well. The growth of the industry is also driven by the rising demand from the rising automobile industry and is likely to witness robust growth in the coming years.

 

Global Paints and Coatings: Market Segmentation

The paints and coatings refer to substances that are used as covering of a surface material of a good to prevent it from corrosion and rusting, thereby increasing the lie of the goods. They can also provide a better appearance to the goods while preserving its life.

 

Global Paints and Coatings Market By Technology

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Based on the resin type, the market can be classified into:

  • Acrylic
  • Alkyd
  • Epoxy
  • Polyester
  • Polyurethane
  • Vinyl
  • Others

Based on the technology, the market can be segmented into:

  • Powder-Based
  • Water-Borne
  • Solvent-Borne
  • Others

Based on application, industry can be segmented into architectural and industrial.

Industrial paints and coatings can be further divided into the following:

  • General Industrial
  • Automotive and Transportation
  • Wood
  • Aerospace and Marine
  • Protective
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

 

Global Paints and Coatings Market By Region

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New Innovative Technologies are Driving the Industry Demand

The new technologies like anti-corrosive protection and nano-coatings have developed products that can boost the industry growth and cater to the market demand more adequately. The products developed are becoming more friendly to the nature and are having better performance. The increasingly better products are expected to bolster the future industry growth.

The rise of construction industries in Asia Pacific countries like India and China are positively stimulating the market demand for the global paints and coatings. This is because of increasing population, rapid urbanisation, and growth of disposable incomes in the developing nations. The consumer goods are also requiring the paints and coatings which further augments the demand. The COVID-19 has somewhat constrained the industry because of slow and stagnant economy worldwide. However, the industry is consolidating and picking up the pace as the construction demand is bound to increase.

 

Key Industry Players in the Global Paints and Coatings Market

The report presents a detailed analysis of the following key players in the global paints and coatings market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • PPG Industries Inc.
  • Akzo Nobel N.V.
  • Nippon Paint Holdings Co., Ltd.
  • BASF SE
  • The Sherwin-Williams Company
  • RPM International Inc.
  • Beckers Group
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Resin Type, Technology, Application, Region
Breakup by Resin Type Acrylic, Alkyd, Epoxy, Polyester, Polyurethane, Vinyl, Others
Breakup by Technology Powder-Based, Water-Borne, Solvent-Borne, Others
Breakup by Application Architectural, Industrial
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered PPG Industries, Inc., Akzo Nobel N.V., BASF SE, Nippon Paint Holdings Co., Ltd., The Sherwin-Williams Company, RPM International Inc., Beckers Group, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Paints and Coatings Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Paints and Coatings Historical Market (2018-2022) 
    8.3    Global Paints and Coatings Market Forecast (2023-2028)
    8.4    Global Paints and Coatings Market by Resin Type
        8.4.1    Acrylic
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Alkyd
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Epoxy
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    Polyester
            8.4.4.1    Historical Trend (2018-2022)
            8.4.4.2    Forecast Trend (2023-2028)
        8.4.5    Polyurethane
            8.4.5.1    Historical Trend (2018-2022)
            8.4.5.2    Forecast Trend (2023-2028)
        8.4.6    Vinyl
            8.4.6.1    Historical Trend (2018-2022)
            8.4.6.2    Forecast Trend (2023-2028)
        8.4.7    Others
    8.5    Global Paints and Coatings Market by Technology
        8.5.1    Powder-Based
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Water-Borne
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Solvent-Borne
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Others
    8.6    Global Paints and Coatings Market by Application
        8.6.1    Architectural
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Industrial
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
            8.6.2.3    Market by Type
                8.6.2.3.1    General Industrial
                    8.6.2.3.1.1    Historical Trend (2018-2022)
                    8.6.2.3.1.2    Forecast Trend (2023-2028)
                8.6.2.3.2    Automotive and Transportation
                    8.6.2.3.2.1    Historical Trend (2018-2022)
                    8.6.2.3.2.2    Forecast Trend (2023-2028)
                8.6.2.3.3    Wood
                    8.6.2.3.3.1    Historical Trend (2018-2022)
                    8.6.2.3.3.2    Forecast Trend (2023-2028)
                8.6.2.3.4    Aerospace and Marine
                    8.6.2.3.4.1    Historical Trend (2018-2022)
                    8.6.2.3.4.2    Forecast Trend (2023-2028)
                8.6.2.3.5    Protective
                    8.6.2.3.5.1    Historical Trend (2018-2022)
                    8.6.2.3.5.2    Forecast Trend (2023-2028)
                8.6.2.4.6    Others    
    8.7    Global Paints and Coatings Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022) 
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028) 
9    North America Paints and Coatings Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Paints  and Coatings Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Paints and Coatings Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.2    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Paints and Coatings Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Paints and Coatings Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    PPG Industries, Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Akzo Nobel N.V.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    BASF SE
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Nippon Paint Holdings Co., Ltd.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    The Sherwin-Williams Company
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    RPM International Inc.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Beckers Group
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Others
17    Key Trends and Developments in the Market


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Paints and Coatings Market: Key Industry Highlights, 2018 and 2028
2.    Global Paints and Coatings Historical Market: Breakup by Resin Type (USD Billion), 2018-2022
3.    Global Paints and Coatings Market Forecast: Breakup by Resin Type (USD Billion), 2023-2028
4.    Global Paints and Coatings Historical Market: Breakup by Technology (USD Billion), 2018-2022
5.    Global Paints and Coatings Market Forecast: Breakup by Technology (USD Billion), 2023-2028
6.    Global Paints and Coatings Historical Market: Breakup by Application (USD Billion), 2018-2022
7.    Global Paints and Coatings Market Forecast: Breakup by Application (USD Billion), 2023-2028
8.    Global Paints and Coatings Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Paints and Coatings Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Paints and Coatings Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Paints and Coatings Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Paints and Coatings Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Paints and Coatings Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Paints and Coatings Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Paints and Coatings Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Paints and Coatings Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Paints and Coatings Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Paints and Coatings Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Paints and Coatings Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Paints and Coatings Market Structure

Key Questions Answered in the Report

What was the global paints and coatings market size in 2020?

In 2020, the global paints and coatings market attained a value of nearly USD 160 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 4% between 2021 and 2026.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 202 billion by 2026.

What are the major industry drivers?

The major industry drivers include the ever-rising population, economic development in developing countries, rising construction and infrastructure industry, and the automotive industry.

What are the key industry trends of the global paints and coatings market?

The key trends in the market are new technologies like anti-corrosive protection and nano-coatings.

What are the major regional markets of paints and coatings, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific accounting for the largest share in the market.

What are the major resin types in the industry?

The resin types in the market include acrylic, alkyd, epoxy, polyester, polyurethane, and vinyl, among others.

What is the dominant technology of paints and coatings in the industry?

Powder-based is the dominant technology in the industry.

What are the application sectors for the industry?

The application sectors include architectural and industrial. Industrial applications can be further segmented into general industrial, automotive and transportation, wood, aerospace and marine, and protective, among others.

Who are the key industry players, according to the report?

The major players in the industry are PPG Industries Inc., Akzo Nobel N.V., Nippon Paint Holdings Co., Ltd., BASF SE, The Sherwin-Williams Company, RPM International Inc, and Beckers Group, among others.

Analyst Review

The global paints and coatings market attained a value of USD 160 billion in 2020, driven by the ever-rising population and economic development in developing countries. Aided by the technologies like anti-corrosive protection and nano-coatings, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4%. The market is projected to reach USD 202 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The resin types in the market include acrylic, alkyd, epoxy, polyester, polyurethane, and vinyl, among others. Based on its technology, the paints and coatings industry can be segmented into powder-based, water-borne, and solvent-borne, among others, with powder-based accounting for the largest market share. The application sectors include architectural and industrial. Industrial applications can be further segmented into general industrial, automotive and transportation, wood, aerospace and marine, and protective, among others. Major regional markets for paints and coatings are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific accounting for the largest share of the market. The key players in the above market include PPG Industries Inc., Akzo Nobel N.V., Nippon Paint Holdings Co., Ltd., BASF SE, The Sherwin-Williams Company, RPM International Inc, and Beckers Group., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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