Global paints and varnishes market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 45.2 billion by 2030. The global paints and varnishes market is driven by the increasing demand for decorative paints in emerging economies such as China and India, which are witnessing rapid urbanization and industrialization. The performance coatings segment is expected to grow at a CAGR of 5% during the forecast period, owing to its use in various industries such as construction, transportation, industrial application, consumer goods etc, which are witnessing high growth rates due to increased investments in infrastructure development across regions such as Asia Pacific and Latin America.
Some Of The Growth Factors Of This Market:
- Increasing demand for eco-friendly products is also driving the growth of the global paints and varnishes market as these products are considered safer than conventional ones due to their low toxicity levels which make them suitable for use in homes with children or pets.
- The increasing number of DIY enthusiasts who are looking for easy ways to decorate their homes without spending too much money on professional services is also driving the growth of this market globally .
Industry Growth Insights published a new data on “Paints and Varnishes Market”. The research report is titled “Paints and Varnishes Market research by Types (Decorative Paints, Performance Coatings), By Applications (Construction, Industrial Application, Transportation, Consumer Goods, Others), By Players/Companies Jotun, Hempel, National Paints, Al-Jazeera, Akzo Nobel, Sigma (PPG), Raghagan, Berger, RPM, Oasis Amercoat, Sherwin-Williams, BASF, Rose Paint, Axaltas (DuPont), Paintco, Caparol (DAW), Ocean Paints”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Paints and Varnishes Market Research Report
By Type
Decorative Paints, Performance Coatings
By Application
Construction, Industrial Application, Transportation, Consumer Goods, Others
By Companies
Jotun, Hempel, National Paints, Al-Jazeera, Akzo Nobel, Sigma (PPG), Raghagan, Berger, RPM, Oasis Amercoat, Sherwin-Williams, BASF, Rose Paint, Axaltas (DuPont), Paintco, Caparol (DAW), Ocean 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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Paints and Varnishes Market Report Segments:
The global Paints and Varnishes market is segmented on the basis of:
Types
Decorative Paints, Performance Coatings
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
Construction, Industrial Application, Transportation, Consumer Goods, 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:
- Jotun
- Hempel
- National Paints
- Al-Jazeera
- Akzo Nobel
- Sigma (PPG)
- Raghagan
- Berger
- RPM
- Oasis Amercoat
- Sherwin-Williams
- BASF
- Rose Paint
- Axaltas (DuPont)
- Paintco
- Caparol (DAW)
- Ocean Paints
Highlights of The Paints and Varnishes 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:
- Decorative Paints
- Performance Coatings
- By Application:
- Construction
- Industrial Application
- Transportation
- Consumer Goods
- 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 Paints and Varnishes 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?
Paints and varnishes are two types of coatings used to protect wood, metal, or other materials from the elements. Paints are water-based and varnishes are oil-based.
Some of the major companies in the paints and varnishes market are Jotun, Hempel, National Paints, Al-Jazeera, Akzo Nobel, Sigma (PPG), Raghagan, Berger, RPM, Oasis Amercoat, Sherwin-Williams, BASF, Rose Paint, Axaltas (DuPont), Paintco, Caparol (DAW), Ocean Paints.
The paints and varnishes 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. Paints and Varnishes 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. Paints and Varnishes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Paints and Varnishes Market - Supply Chain
4.5. Global Paints and Varnishes Market Forecast
4.5.1. Paints and Varnishes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Paints and Varnishes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Paints and Varnishes Market Absolute $ Opportunity
5. Global Paints and Varnishes 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. Paints and Varnishes Market Size and Volume Forecast by Type
5.3.1. Decorative Paints
5.3.2. Performance Coatings
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Paints and Varnishes 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. Paints and Varnishes Market Size and Volume Forecast by Application
6.3.1. Construction
6.3.2. Industrial Application
6.3.3. Transportation
6.3.4. Consumer Goods
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Paints and Varnishes 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. Paints and Varnishes 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 Paints and Varnishes 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. Paints and Varnishes 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 Paints and Varnishes Demand Share Forecast, 2019-2026
9. North America Paints and Varnishes 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 Paints and Varnishes 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 Paints and Varnishes Market Size and Volume Forecast by Application
9.4.1. Construction
9.4.2. Industrial Application
9.4.3. Transportation
9.4.4. Consumer Goods
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Paints and Varnishes Market Size and Volume Forecast by Type
9.7.1. Decorative Paints
9.7.2. Performance Coatings
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 Paints and Varnishes Demand Share Forecast, 2019-2026
10. Latin America Paints and Varnishes 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 Paints and Varnishes 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 Paints and Varnishes Market Size and Volume Forecast by Application
10.4.1. Construction
10.4.2. Industrial Application
10.4.3. Transportation
10.4.4. Consumer Goods
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Paints and Varnishes Market Size and Volume Forecast by Type
10.7.1. Decorative Paints
10.7.2. Performance Coatings
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 Paints and Varnishes Demand Share Forecast, 2019-2026
11. Europe Paints and Varnishes 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 Paints and Varnishes 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 Paints and Varnishes Market Size and Volume Forecast by Application
11.4.1. Construction
11.4.2. Industrial Application
11.4.3. Transportation
11.4.4. Consumer Goods
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Paints and Varnishes Market Size and Volume Forecast by Type
11.7.1. Decorative Paints
11.7.2. Performance Coatings
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 Paints and Varnishes Demand Share, 2019-2026
12. Asia Pacific Paints and Varnishes 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 Paints and Varnishes 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 Paints and Varnishes Market Size and Volume Forecast by Application
12.4.1. Construction
12.4.2. Industrial Application
12.4.3. Transportation
12.4.4. Consumer Goods
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Paints and Varnishes Market Size and Volume Forecast by Type
12.7.1. Decorative Paints
12.7.2. Performance Coatings
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 Paints and Varnishes Demand Share, 2019-2026
13. Middle East & Africa Paints and Varnishes 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 Paints and Varnishes 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 Paints and Varnishes Market Size and Volume Forecast by Application
13.4.1. Construction
13.4.2. Industrial Application
13.4.3. Transportation
13.4.4. Consumer Goods
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Paints and Varnishes Market Size and Volume Forecast by Type
13.7.1. Decorative Paints
13.7.2. Performance Coatings
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 Paints and Varnishes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Paints and Varnishes Market: Market Share Analysis
14.2. Paints and Varnishes Distributors and Customers
14.3. Paints and Varnishes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Jotun
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hempel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. National Paints
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Al-Jazeera
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Akzo Nobel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sigma (PPG)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Raghagan
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Berger
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. RPM
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Oasis Amercoat
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sherwin-Williams
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. BASF
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Rose Paint
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Axaltas (DuPont)
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. Caparol (DAW)
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Ocean Paints
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
