Market Overview:
The global paint market is expected to reach USD XX million by 2030, at a CAGR of XX% during the forecast period 2018-2030. The growth in the global paint market can be attributed to various factors such as increasing demand for decorative paints, rising disposable income, and growing construction industry. Based on type, the water-based paint segment is projected to lead the global paint market during the forecast period. This growth can be attributed to its properties such as low VOC emissions and environmental friendliness. Based on application, architectural paints are projected to lead the global paint market during 2018-2030. This growth can be attributed to increase in construction activities across different regions worldwide.
Product Definition:
Paint is a type of coating that is applied to various surfaces. It can be either an opaque or translucent material that is used to protect, color, or decorate a surface. Paint has been used for centuries and is an important part of many cultures.
Water-based paint:
Water-based paint is a type of paint that contains water as its major ingredient. The water used in the formulation acts as a carrier for the pigment to become part of the finished article. This process does not require any solvents and hence it is environment-friendly. Water-based paints dry faster than oil or solvent based paints and they have low VOC content, which makes them healthier to use in residential applications like interior painting, where people are concerned about health and well being.
Oil-based paint:
Oil-based paint is a type of paint, which is made up of pigments and binders. It has high solid content (over 60%) as compared to water-based or solvent-based paints. The major difference between them is that oil based paints are thicker than the other two types and also have better longevity than the other two types.
Application Insights:
The architectural paint application segment led the global market in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing construction activities in developing countries, such as India, China and Brazil. In addition, technological advancements in automotive paints are expected to have a positive impact on market growth over the next eight years.
Automotive paints held a considerable share of more than 25% of the overall industry revenue in 2017 owing to rising demand for vehicles across all major regions globally. The wood coatings segment is also anticipated to witness steady growth due largelyto its increasing use for decking & railing applications worldwide coupled with high product penetration rates particularlyin Europe and North America regions since last few decades. Increasing demand from other end-use industries including protective coatingsegmental hardware & doors; window glazing; industrial machinery & equipment; leather goods; footwear etc.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to continue its dominance over the forecast period owing to high product demand from residential, industrial and commercial sectors. In addition, rising construction activities in Mexico are anticipated to propel industry expansion over the next eight years.
Asia Pacific is projected to be one of the fastest-growing regions with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and urbanization along with increasing per capita disposable income levels in developing economies such as China and India are expected drive regional growth during the forecast period.
Growth Factors:
- Increasing demand from the construction industry for decorative paints and coatings.
- Rising demand for environmentally friendly and low VOC paints.
- Rapid growth in the automotive sector in developing countries, which is expected to lead to an increase in demand for paint products used in vehicle manufacturing and refinishing.
- Growing popularity of DIY home improvement projects, which is driving increased demand for paint products among consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Paint Market Research Report
By Type
Water-based paint, Oil-based paint, Dry paint
By Application
Architectural Paint, Automotive Paint, Wood Paint, Protective Paint, Marine Paint, Other
By Companies
AkzoNobel, Nippon, PPG, Carpoly, Kansai, Huarun Paint, Yips Chemical, BASF, Hempel, Shanghai Coatings, Taiho Paint, Maydos, Jotun, Axalta, Badese, Shenzhen Zhanchen Paints
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Paint Market Report Segments:
The global Paint market is segmented on the basis of:
Types
Water-based paint, Oil-based paint, Dry paint
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
Architectural Paint, Automotive Paint, Wood Paint, Protective Paint, Marine Paint, Other
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
- Nippon
- PPG
- Carpoly
- Kansai
- Huarun Paint
- Yips Chemical
- BASF
- Hempel
- Shanghai Coatings
- Taiho Paint
- Maydos
- Jotun
- Axalta
- Badese
- Shenzhen Zhanchen Paints
Highlights of The Paint 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:
- Water-based paint
- Oil-based paint
- Dry paint
- By Application:
- Architectural Paint
- Automotive Paint
- Wood Paint
- Protective Paint
- Marine Paint
- Other
- 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 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 is a software application that allows users to create and edit images.
Some of the major players in the paint market are AkzoNobel, Nippon, PPG, Carpoly, Kansai, Huarun Paint, Yips Chemical, BASF, Hempel, Shanghai Coatings, Taiho Paint, Maydos, Jotun, Axalta, Badese, Shenzhen Zhanchen Paints.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Paint 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 Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Paint Market - Supply Chain
4.5. Global Paint Market Forecast
4.5.1. Paint Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Paint Market Size (000 Units) and Y-o-Y Growth
4.5.3. Paint Market Absolute $ Opportunity
5. Global Paint 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 Market Size and Volume Forecast by Type
5.3.1. Water-based paint
5.3.2. Oil-based paint
5.3.3. Dry paint
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Paint 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 Market Size and Volume Forecast by Application
6.3.1. Architectural Paint
6.3.2. Automotive Paint
6.3.3. Wood Paint
6.3.4. Protective Paint
6.3.5. Marine Paint
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Paint 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 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 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 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 Demand Share Forecast, 2019-2029
9. North America Paint 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 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 Market Size and Volume Forecast by Application
9.4.1. Architectural Paint
9.4.2. Automotive Paint
9.4.3. Wood Paint
9.4.4. Protective Paint
9.4.5. Marine Paint
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Paint Market Size and Volume Forecast by Type
9.7.1. Water-based paint
9.7.2. Oil-based paint
9.7.3. Dry paint
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 Demand Share Forecast, 2019-2029
10. Latin America Paint 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 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 Market Size and Volume Forecast by Application
10.4.1. Architectural Paint
10.4.2. Automotive Paint
10.4.3. Wood Paint
10.4.4. Protective Paint
10.4.5. Marine Paint
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Paint Market Size and Volume Forecast by Type
10.7.1. Water-based paint
10.7.2. Oil-based paint
10.7.3. Dry paint
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 Demand Share Forecast, 2019-2029
11. Europe Paint 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 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 Market Size and Volume Forecast by Application
11.4.1. Architectural Paint
11.4.2. Automotive Paint
11.4.3. Wood Paint
11.4.4. Protective Paint
11.4.5. Marine Paint
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Paint Market Size and Volume Forecast by Type
11.7.1. Water-based paint
11.7.2. Oil-based paint
11.7.3. Dry paint
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 Demand Share, 2019-2029
12. Asia Pacific Paint 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 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 Market Size and Volume Forecast by Application
12.4.1. Architectural Paint
12.4.2. Automotive Paint
12.4.3. Wood Paint
12.4.4. Protective Paint
12.4.5. Marine Paint
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Paint Market Size and Volume Forecast by Type
12.7.1. Water-based paint
12.7.2. Oil-based paint
12.7.3. Dry paint
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 Demand Share, 2019-2029
13. Middle East & Africa Paint 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 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 Market Size and Volume Forecast by Application
13.4.1. Architectural Paint
13.4.2. Automotive Paint
13.4.3. Wood Paint
13.4.4. Protective Paint
13.4.5. Marine Paint
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Paint Market Size and Volume Forecast by Type
13.7.1. Water-based paint
13.7.2. Oil-based paint
13.7.3. Dry paint
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 Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Paint Market: Market Share Analysis
14.2. Paint Distributors and Customers
14.3. Paint 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. Nippon
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
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Carpoly
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kansai
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Huarun Paint
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Yips Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BASF
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hempel
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shanghai Coatings
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Taiho Paint
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Maydos
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Jotun
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Axalta
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Badese
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Shenzhen Zhanchen Paints
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
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
