The global paint and varnish market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth in this market can be attributed to the increasing demand for paints and varnishes in residential and commercial applications. The residential application segment is expected to grow at a CAGR of 5.2% during the forecast period, while the commercial application segment is expected to grow at a CAGR of 3%.
The global paint and varnish market by type includes vinyl and acrylic polymer based paints and varnishes (aqueous) polymer based paints and varnishes (aqueous), polyester based paints and varnishes (noaqueous), vinyl and acrylic polymer based paints and varnishes (noaqueous) polymer based paints and varnishes (noaqueous). The global paint & varnish market by application includes residential, commercial, industrial & institutional, automotive & transportation, marine & offshore applications.
- The growth in the paint and varnish market is driven by the increasing demand for paints and varnishes in emerging economies such as China, India, Brazil, Russia, Indonesia, Mexico etc .
- Increasing demand for paints and varnishes due to rising construction activities in developing countries.
- Increasing demand for paints and varnishes due to increasing industrialization in developing countries.
- Increasing demand for paints and varnishes due to growing automotive industry.
Industry Growth Insights published a new data on “Paint and Varnish Market”. The research report is titled “Paint and Varnish Market research by Types (Vinyl and acrylic polymer based paints and varnishes (aqueous), Other polymer based paints and varnishes (aqueous), Polyester based paints and varnishes (non-aqueous), Vinyl and acrylic polymer based paints and varnishes (non-aqueous), Other polymer based paints and varnishes (non-aqueous), Other paints and varnishes), By Applications (Residential, Commercial, Others), By Players/Companies Akzonobel, PPG, SHERWIN-WILLIAMS, DUPONT, BASF, RPM, DIAMOND Paint, VALSPAR, SACAL, NIPPON Paint, Hempel, AL-JAZEERA, Oasis Amercoat, Saveto, Paintco, Colors Est”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Paint and Varnish Market Research Report
By Type
Vinyl and acrylic polymer based paints and varnishes (aqueous), Other polymer based paints and varnishes (aqueous), Polyester based paints and varnishes (non-aqueous), Vinyl and acrylic polymer based paints and varnishes (non-aqueous), Other polymer based paints and varnishes (non-aqueous), Other paints and varnishes
By Application
Residential, Commercial, Others
By Companies
Akzonobel, PPG, SHERWIN-WILLIAMS, DUPONT, BASF, RPM, DIAMOND Paint, VALSPAR, SACAL, NIPPON Paint, Hempel, AL-JAZEERA, Oasis Amercoat, Saveto, Paintco, Colors Est
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Paint and Varnish Market Report Segments:
The global Paint and Varnish market is segmented on the basis of:
Types
Vinyl and acrylic polymer based paints and varnishes (aqueous), Other polymer based paints and varnishes (aqueous), Polyester based paints and varnishes (non-aqueous), Vinyl and acrylic polymer based paints and varnishes (non-aqueous), Other polymer based paints and varnishes (non-aqueous), Other paints and varnishes
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
Residential, Commercial, 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
- PPG
- SHERWIN-WILLIAMS
- DUPONT
- BASF
- RPM
- DIAMOND Paint
- VALSPAR
- SACAL
- NIPPON Paint
- Hempel
- AL-JAZEERA
- Oasis Amercoat
- Saveto
- Paintco
- Colors Est
Highlights of The Paint and Varnish 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:
- Vinyl and acrylic polymer based paints and varnishes (aqueous)
- Other polymer based paints and varnishes (aqueous)
- Polyester based paints and varnishes (non-aqueous)
- Vinyl and acrylic polymer based paints and varnishes (non-aqueous)
- Other polymer based paints and varnishes (non-aqueous)
- Other paints and varnishes
- By Application:
- Residential
- Commercial
- 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 Varnish 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.
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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 varnish are two types of finishes used on wood. Paint is a water-based solution that is applied to the surface of the wood, while varnish is an oil-based solution that is applied over the paint.
Some of the major companies in the paint and varnish market are Akzonobel, PPG, SHERWIN-WILLIAMS, DUPONT, BASF, RPM, DIAMOND Paint, VALSPAR, SACAL, NIPPON Paint, Hempel, AL-JAZEERA, Oasis Amercoat, Saveto, Paintco, Colors Est.
The paint and varnish market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Paint and Varnish 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 Varnish 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 Varnish Market - Supply Chain
4.5. Global Paint and Varnish Market Forecast
4.5.1. Paint and Varnish Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Paint and Varnish Market Size (000 Units) and Y-o-Y Growth
4.5.3. Paint and Varnish Market Absolute $ Opportunity
5. Global Paint and Varnish 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 Varnish Market Size and Volume Forecast by Type
5.3.1. Vinyl and acrylic polymer based paints and varnishes (aqueous)
5.3.2. Other polymer based paints and varnishes (aqueous)
5.3.3. Polyester based paints and varnishes (non-aqueous)
5.3.4. Vinyl and acrylic polymer based paints and varnishes (non-aqueous)
5.3.5. Other polymer based paints and varnishes (non-aqueous)
5.3.6. Other paints and varnishes
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Paint and Varnish 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 Varnish Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Paint and Varnish 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 Varnish 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 Varnish 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 Varnish 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 Varnish Demand Share Forecast, 2019-2026
9. North America Paint and Varnish 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 Varnish 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 Varnish Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. 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 Varnish Market Size and Volume Forecast by Type
9.7.1. Vinyl and acrylic polymer based paints and varnishes (aqueous)
9.7.2. Other polymer based paints and varnishes (aqueous)
9.7.3. Polyester based paints and varnishes (non-aqueous)
9.7.4. Vinyl and acrylic polymer based paints and varnishes (non-aqueous)
9.7.5. Other polymer based paints and varnishes (non-aqueous)
9.7.6. Other paints and varnishes
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 Varnish Demand Share Forecast, 2019-2026
10. Latin America Paint and Varnish 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 Varnish 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 Varnish Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. 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 Varnish Market Size and Volume Forecast by Type
10.7.1. Vinyl and acrylic polymer based paints and varnishes (aqueous)
10.7.2. Other polymer based paints and varnishes (aqueous)
10.7.3. Polyester based paints and varnishes (non-aqueous)
10.7.4. Vinyl and acrylic polymer based paints and varnishes (non-aqueous)
10.7.5. Other polymer based paints and varnishes (non-aqueous)
10.7.6. Other paints and varnishes
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 Varnish Demand Share Forecast, 2019-2026
11. Europe Paint and Varnish 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 Varnish 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 Varnish Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Paint and Varnish Market Size and Volume Forecast by Type
11.7.1. Vinyl and acrylic polymer based paints and varnishes (aqueous)
11.7.2. Other polymer based paints and varnishes (aqueous)
11.7.3. Polyester based aints and varnishes (non-aqueous)
11.7.4. Vinyl and acrylic polymer based paints and varnishes (non-aqueous)
11.7.5. Other polymer based paints and varnishes (non-aqueous)
11.7.6. Other paints and varnishes
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 Varnish Demand Share, 2019-2026
12. Asia Pacific Paint and Varnish 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 Varnish 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 Varnish Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. 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 Varnish Market Size and Volume Forecast by Type
12.7.1. Vinyl and acrylic polymer based paints and varnishes (aqueous)
12.7.2. Other polymer based paints and varnishes (aqueous)
12.7.3. Polyester based paints and varnishes (non-aqueous)
12.7.4. Vinyl and acrylic polymer based paints and varnishes (non-aqueous)
12.7.5. Other polymer based paints and varnishes (non-aqueous)
12.7.6. Other paints and varnishes
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 Varnish Demand Share, 2019-2026
13. Middle East & Africa Paint and Varnish 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 Varnish 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 Varnish Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. 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 Varnish Market Size and Volume Forecast by Type
13.7.1. Vinyl and acrylic polymer based paints and varnishes (aqueous)
13.7.2. Other polymer based paints and varnishes (aqueous)
13.7.3. Polyester based paints and varnishes (non-aqueous)
13.7.4. Vinyl and acrylic polymer based paints and varnishes (non-aqueous)
13.7.5. Other polymer based paints and varnishes (non-aqueous)
13.7.6. Other paints and varnishes
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 Varnish Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Paint and Varnish Market: Market Share Analysis
14.2. Paint and Varnish Distributors and Customers
14.3. Paint and Varnish 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. PPG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SHERWIN-WILLIAMS
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DUPONT
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BASF
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. RPM
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DIAMOND Paint
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. VALSPAR
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SACAL
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. NIPPON Paint
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hempel
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. AL-JAZEERA
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Oasis Amercoat
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Saveto
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Paintco
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Colors Est
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
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