Market Overview:
The global paint and coatings market is expected to reach USD XX million by 2030, registering a CAGR of X.X% during the forecast period 2018-2030. The growth in the market can be attributed to the increasing demand for paints and coatings from various end-use industries such as automotive, medical & healthcare, residential, commercial, marine and others. In terms of type, solvent-based coatings are expected to lead the market during the forecast period owing to their properties such as durability and resistance against weathering conditions. However, waterborne coatings are projected to grow at a higher CAGR due to their environmental friendly nature.
Product Definition:
A paint is a liquid or paste that is used to cover a surface and produce a protective or decorative finish. A coating is a type of paint that is applied to an object in order to protect it from the elements and/or improve its appearance.
Solvent-based Coatings:
Solvent-based coatings are widely used in the paints and coating industry owing to its properties such as low VOC content, quick drying time, excellent adhesion and UV resistance. The growing construction industry is expected to drive the global solvent-based coatings market over the forecast period. Solvent-based coating is a two-component system that comprises of a solute or thickener and a carrier or diluent.
Waterborne Coatings:
Waterborne coatings are paints that are applied using a water-based medium. They have low VOC content and less toxic ingredients as compared to solvent-based paints. The product is gaining preference in the market owing to its environment friendly nature, which does not affect the end users health when used indoor or outdoor for various applications such as industrial and decorative painting. Waterborne coatings dry faster than solvent-based products, thus they do not linger causing toxicity in the air.
Application Insights:
The global demand has witnessed a paradigm shift due to the growing awareness among consumers. The automotive segment is expected to witness growth in the coming years owing to increasing consumer disposable income, which enables them to spend more on vehicles and other luxury goods. Rising sales of automobiles are also likely to contribute towards increased demand for paints and coatings in near future.
The residential sector was one of the major segments that contributed significantly towards overall industry growth in 2017. Increasing urbanization across various regions is resulting in an increase in housing construction activities, thereby driving demand for paints and coatings used within houses or apartments at a domestic level as well as commercial levels such as shopping malls or office buildings where these are applied on a large scale basis. Increasing infrastructural development activities across developing countries including China India Indonesia Malaysia Philippines Thailand Vietnam etc.
Regional Analysis:
Asia Pacific accounted for the largest share of over 45% in 2017. The region is expected to maintain its lead throughout the forecast period owing to increasing construction spending and rapid industrialization & urbanization. In addition, rising disposable income levels are anticipated to fuel demand from residential as well as commercial applications.
The growth of the construction industry in Asia Pacific has been supported by various government initiatives aimed at improving infrastructure within their respective countries. For instance, China’s 13th Five-Year Plan (2016 - 2020) aims at investing USD X billion annually in building a modern transport system along with supporting facilities that would boost productivity and generate new employment opportunities across all sectors including manufacturing, service industries, agriculture etc.; thereby positively influencing market growth across this region significantly over the forecast period.
Europe was valued at USD X million in 2017.
Growth Factors:
- Increasing demand from the construction industry for coatings and paints to enhance the aesthetics of buildings and infrastructure projects.
- Rising demand for protective coatings in automotive and aerospace industries to improve durability and performance of end-products.
- Growing popularity of powder coating as a low-emission, environmentally friendly finish for metal products.
- Increasing use of waterborne coatings in industrial applications due to their superior properties such as corrosion resistance, chemical resistance, etc.
Scope Of The Report
Report Attributes
Report Details
Report Title
Paint and Coatings Market Research Report
By Type
Solvent-based Coatings, Waterborne Coatings, High-solids Coatings, Powder Coatings, Others
By Application
Automotives, Medical & Healthcare, Residential, Commercial, Marine, Others
By Companies
AkzoNobel, Henkel, PPG Industries, Nippon Paint, Sherwin Williams, BASF, DOW, Brillux, Benjamin Moore, Asian Paints, Berger Paints, Dulux, Caparol, Tikkurila, Kansai Paint, Cromology, Valspar Paint, Dunn-Edwards Paints, Meffert AG, Jotun, Axalta Coating Systems, CHUGOKU MARINE PAINTS, Hempel, RPM, 3M, MASCO, SK Kaken, KCC Corporation, DAI NIPPON TORYO, Fujikura Kasei
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Paint and Coatings Market Report Segments:
The global Paint and Coatings market is segmented on the basis of:
Types
Solvent-based Coatings, Waterborne Coatings, High-solids Coatings, Powder Coatings, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotives, Medical & Healthcare, Residential, Commercial, Marine, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AkzoNobel
- Henkel
- PPG Industries
- Nippon Paint
- Sherwin Williams
- BASF
- DOW
- Brillux
- Benjamin Moore
- Asian Paints
- Berger Paints
- Dulux
- Caparol
- Tikkurila
- Kansai Paint
- Cromology
- Valspar Paint
- Dunn-Edwards Paints
- Meffert AG
- Jotun
- Axalta Coating Systems
- CHUGOKU MARINE PAINTS
- Hempel
- RPM
- 3M
- MASCO
- SK Kaken
- KCC Corporation
- DAI NIPPON TORYO
- Fujikura Kasei
Highlights of The Paint and Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solvent-based Coatings
- Waterborne Coatings
- High-solids Coatings
- Powder Coatings
- Others
- By Application:
- Automotives
- Medical & Healthcare
- Residential
- Commercial
- Marine
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Paint and Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Paint and coatings are two types of products that are used to protect surfaces from the elements. Paint is a liquid or paste that is applied to a surface, while coatings are solids that are sprayed on top of paint.
Some of the major players in the paint and coatings market are AkzoNobel, Henkel, PPG Industries, Nippon Paint, Sherwin Williams, BASF, DOW, Brillux, Benjamin Moore, Asian Paints, Berger Paints, Dulux, Caparol, Tikkurila, Kansai Paint, Cromology, Valspar Paint, Dunn-Edwards Paints, Meffert AG, Jotun, Axalta Coating Systems, CHUGOKU MARINE PAINTS, Hempel, RPM, 3M, MASCO, SK Kaken, KCC Corporation, DAI NIPPON TORYO, Fujikura Kasei.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Paint and Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Paint and Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Paint and Coatings Market - Supply Chain
4.5. Global Paint and Coatings Market Forecast
4.5.1. Paint and Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Paint and Coatings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Paint and Coatings Market Absolute $ Opportunity
5. Global Paint and Coatings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Paint and Coatings Market Size and Volume Forecast by Type
5.3.1. Solvent-based Coatings
5.3.2. Waterborne Coatings
5.3.3. High-solids Coatings
5.3.4. Powder Coatings
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Paint and Coatings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Paint and Coatings Market Size and Volume Forecast by Application
6.3.1. Automotives
6.3.2. Medical & Healthcare
6.3.3. Residential
6.3.4. Commercial
6.3.5. Marine
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Paint and Coatings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Paint and Coatings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Paint and Coatings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Paint and Coatings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Paint and Coatings Demand Share Forecast, 2019-2029
9. North America Paint and Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Paint and Coatings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Paint and Coatings Market Size and Volume Forecast by Application
9.4.1. Automotives
9.4.2. Medical & Healthcare
9.4.3. Residential
9.4.4. Commercial
9.4.5. Marine
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Paint and Coatings Market Size and Volume Forecast by Type
9.7.1. Solvent-based Coatings
9.7.2. Waterborne Coatings
9.7.3. High-solids Coatings
9.7.4. Powder Coatings
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Paint and Coatings Demand Share Forecast, 2019-2029
10. Latin America Paint and Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Paint and Coatings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Paint and Coatings Market Size and Volume Forecast by Application
10.4.1. Automotives
10.4.2. Medical & Healthcare
10.4.3. Residential
10.4.4. Commercial
10.4.5. Marine
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Paint and Coatings Market Size and Volume Forecast by Type
10.7.1. Solvent-based Coatings
10.7.2. Waterborne Coatings
10.7.3. High-solids Coatings
10.7.4. Powder Coatings
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Paint and Coatings Demand Share Forecast, 2019-2029
11. Europe Paint and Coatings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Paint and Coatings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Paint and Coatings Market Size and Volume Forecast by Application
11.4.1. Automotives
11.4.2. Medical & Healthcare
11.4.3. Residential
11.4.4. Commercial
11.4.5. Marine
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Paint and Coatings Market Size and Volume Forecast by Type
11.7.1. Solvent-based Coatings
11.7.2. Waterborne Coatings
11.7.3. High-solids Catings
11.7.4. Powder Coatings
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Paint and Coatings Demand Share, 2019-2029
12. Asia Pacific Paint and Coatings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Paint and Coatings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Paint and Coatings Market Size and Volume Forecast by Application
12.4.1. Automotives
12.4.2. Medical & Healthcare
12.4.3. Residential
12.4.4. Commercial
12.4.5. Marine
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Paint and Coatings Market Size and Volume Forecast by Type
12.7.1. Solvent-based Coatings
12.7.2. Waterborne Coatings
12.7.3. High-solids Coatings
12.7.4. Powder Coatings
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Paint and Coatings Demand Share, 2019-2029
13. Middle East & Africa Paint and Coatings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Paint and Coatings Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Paint and Coatings Market Size and Volume Forecast by Application
13.4.1. Automotives
13.4.2. Medical & Healthcare
13.4.3. Residential
13.4.4. Commercial
13.4.5. Marine
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Paint and Coatings Market Size and Volume Forecast by Type
13.7.1. Solvent-based Coatings
13.7.2. Waterborne Coatings
13.7.3. High-solids Coatings
13.7.4. Powder Coatings
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Paint and Coatings Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Paint and Coatings Market: Market Share Analysis
14.2. Paint and Coatings Distributors and Customers
14.3. Paint and Coatings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AkzoNobel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Henkel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. PPG Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nippon Paint
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sherwin Williams
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BASF
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DOW
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Brillux
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Benjamin Moore
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Asian Paints
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Berger Paints
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Dulux
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Caparol
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Tikkurila
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Kansai Paint
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Cromology
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Valspar Paint
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Dunn-Edwards Paints
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Meffert AG
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Jotun
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
