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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 (2016-2026); 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 2021-2026 at a CAGR of 4% to reach USD 202 billion by 2026.
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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: Industry Definition and 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.
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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.
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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 | 2020 |
| Historical Period | 2016-2020 |
| Forecast Period | 2021-2026 |
| 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, EMR’s 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Industry Opportunities and Challenges
8 Global Paints and Coatings Market Analysis
8.1 Key Industry Highlights
8.2 Global Paints and Coatings Historical Market (2016-2020)
8.3 Global Paints and Coatings Market Forecast (2021-2026)
8.4 Global Paints and Coatings Market by Resin Type
8.4.1 Acrylic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Alkyd
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Epoxy
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.4 Polyester
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2016-2020)
8.4.4.3 Forecast Trend (2021-2026)
8.4.5 Polyurethane
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2016-2020)
8.4.5.3 Forecast Trend (2021-2026)
8.4.6 Vinyl
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2016-2020)
8.4.6.3 Forecast Trend (2021-2026)
8.4.7 Others
8.5 Global Paints and Coatings Market by Technology
8.5.1 Powder-Based
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Water-Borne
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Solvent-Borne
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Others
8.6 Global Paints and Coatings Market by Application
8.6.1 Architectural
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Industrial
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.2.4 Market by Type
8.6.2.4.1 General Industrial
8.6.2.4.1.1 Market Share
8.6.2.4.1.2 Historical Trend (2016-2020)
8.6.2.4.1.3 Forecast Trend (2021-2026)
8.6.2.4.2 Automotive and Transportation
8.6.2.4.2.1 Market Share
8.6.2.4.2.2 Historical Trend (2016-2020)
8.6.2.4.2.3 Forecast Trend (2021-2026)
8.6.2.4.3 Wood
8.6.2.4.3.1 Market Share
8.6.2.4.3.2 Historical Trend (2016-2020)
8.6.2.4.3.3 Forecast Trend (2021-2026)
8.6.2.4.4 Aerospace and Marine
8.6.2.4.4.1 Market Share
8.6.2.4.4.2 Historical Trend (2016-2020)
8.6.2.4.4.3 Forecast Trend (2021-2026)
8.6.2.4.5 Protective
8.6.2.4.5.1 Market Share
8.6.2.4.5.2 Historical Trend (2016-2020)
8.6.2.4.5.3 Forecast Trend (2021-2026)
8.6.2.4.6 Others
8.7 Global Paints and Coatings Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 PPG Industries, Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Akzo Nobel N.V.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 BASF SE
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Nippon Paint Holdings Co., Ltd.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 The Sherwin-Williams Company
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 RPM International Inc.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Beckers Group
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Industry Events and Developments
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 Figures and Tables
1. Global Paints and Coatings Market: Key Industry Highlights, 2016 and 2026
2. Global Paints and Coatings Historical Market: Breakup by Resin Type (USD Billion), 2016-2020
3. Global Paints and Coatings Market Forecast: Breakup by Resin Type (USD Billion), 2021-2026
4. Global Paints and Coatings Historical Market: Breakup by Technology (USD Billion), 2016-2020
5. Global Paints and Coatings Market Forecast: Breakup by Technology (USD Billion), 2021-2026
6. Global Paints and Coatings Historical Market: Breakup by Application (USD Billion), 2016-2020
7. Global Paints and Coatings Market Forecast: Breakup by Application (USD Billion), 2021-2026
8. Global Paints and Coatings Historical Market: Breakup by Region (USD Billion), 2016-2020
9. Global Paints and Coatings Market Forecast: Breakup by Region (USD Billion), 2021-2026
10. North America Paints and Coatings Historical Market: Breakup by Country (USD Billion), 2016-2020
11. North America Paints and Coatings Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Europe Paints and Coatings Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Europe Paints and Coatings Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Asia Pacific Paints and Coatings Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Asia Pacific Paints and Coatings Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Latin America Paints and Coatings Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Latin America Paints and Coatings Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Middle East and Africa Paints and Coatings Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Middle East and Africa Paints and Coatings Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Global Paints and Coatings Market Structure
Key Questions Answered in the Report
In 2020, the global paints and coatings market attained a value of nearly USD 160 billion.
The market is projected to grow at a CAGR of 4% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 202 billion by 2026.
The major industry drivers include the ever-rising population, economic development in developing countries, rising construction and infrastructure industry, and the automotive industry.
The key trends in the market are new technologies like anti-corrosive protection and nano-coatings.
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.
The resin types in the market include acrylic, alkyd, epoxy, polyester, polyurethane, and vinyl, among others.
Powder-based is the dominant technology in 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.
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 2021-2026, 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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