Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Paint Market by Type (Water-based paint, Oil-based paint, Dry paint), By Application (Architectural Paint, Automotive Paint, Wood Paint, Protective Paint, Marine Paint, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Paint Market by Type (Water-based paint, Oil-based paint, Dry paint), By Application (Architectural Paint, Automotive Paint, Wood Paint, Protective Paint, Marine Paint, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 133616 3300 Chemical & Material 377 235 Pages 4.9 (33)

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.

Global Paint Industry Outlook

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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. AkzoNobel
  2. Nippon
  3. PPG
  4. Carpoly
  5. Kansai
  6. Huarun Paint
  7. Yips Chemical
  8. BASF
  9. Hempel
  10. Shanghai Coatings
  11. Taiho Paint
  12. Maydos
  13. Jotun
  14. Axalta
  15. Badese
  16. Shenzhen Zhanchen Paints

Global Paint Market Overview

Highlights of The Paint Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Water-based paint
    2. Oil-based paint
    3. Dry paint
  1. By Application:

    1. Architectural Paint
    2. Automotive Paint
    3. Wood Paint
    4. Protective Paint
    5. Marine Paint
    6. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Paint Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 Overview Financials Developments Strategic Outlook
      14.4.2. Nippon Overview Financials Developments Strategic Outlook
      14.4.3. PPG Overview Financials Developments Strategic Outlook
      14.4.4. Carpoly Overview Financials Developments Strategic Outlook
      14.4.5. Kansai Overview Financials Developments Strategic Outlook
      14.4.6. Huarun Paint Overview Financials Developments Strategic Outlook
      14.4.7. Yips Chemical Overview Financials Developments Strategic Outlook
      14.4.8. BASF Overview Financials Developments Strategic Outlook
      14.4.9. Hempel Overview Financials Developments Strategic Outlook
      14.4.10. Shanghai Coatings Overview Financials Developments Strategic Outlook
      14.4.11. Taiho Paint Overview Financials Developments Strategic Outlook
      14.4.12. Maydos Overview Financials Developments Strategic Outlook
      14.4.13. Jotun Overview Financials Developments Strategic Outlook
      14.4.14. Axalta Overview Financials Developments Strategic Outlook
      14.4.15. Badese Overview Financials Developments Strategic Outlook
      14.4.16. Shenzhen Zhanchen Paints Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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