Market Overview:
The global paints and coatings market is expected to reach USD 246.27 billion by 2030, registering a CAGR of 5.5% during the forecast period 2018-2030. The water-based paint segment is projected to lead the global paints and coatings market in terms of revenue share, followed by solvent-based paint and powder paint segments respectively, in 2018. In terms of volume, the water-based paint segment is estimated to account for more than 50% share of the total market in 2018. Asia Pacific accounted for around one third share of the global paints and coatings market in 2017 and is projected to register highest CAGR during forecast period owing to increasing demand from end user industries such as automotive & transportation, construction & infrastructure etc., across countries such as China and India.
Product Definition:
A paint is a liquid or powder substance that is applied to a surface to protect it or to enhance its appearance. A coating is a type of paint that is applied as a thin film over another material.
Water-Based Paint:
Water-based paint is a type of paint which contains water as its major ingredient. It usually has low VOC content and is ideal for use in interior applications. Water-based paints dry faster than oil- or solvent-based paints, have less odor, and are easier to clean up after the job is done.
Solvent-Based Paint:
Solvent-based paint is a type of paint that contains at least one solvent. The most common solvents used in paints are dichloroethylene, trichloroethylene, and tetrachlorethylene (Pt2+). These solvents allow the artists to mix the colorant into a liquid form which can be easily applied on to the substrate.
Application Insights:
The architectural 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 emerging economies such as India, China, and Brazil. In addition, rising demand for high-quality paints with advanced features including durability and water resistance is expected to drive product demand in this segment over the coming years.
The wood application segment accounted for a considerable share of 13% in 2017 owing to increasing utilization of these products for finishing wooden furniture items including doors, windows frames along with kitchen cabinets among other applications such as industrial equipment manufacturing. The growing popularity of DIY culture has boosted the use of wood surfaces as an integral part of home dĩcor through painting or coating them with premium quality paints & coatings that not only enhance its aesthetic appeal but also protect it from moisture damage resulting from condensation on walls or ceilings above it.
Regional Analysis:
Asia Pacific was the largest market for global paints and coatings in 2016, accounting for a share of more than 30%. The region is expected to continue its dominance over the forecast period. This growth can be attributed to increasing industrialization coupled with rising infrastructure activities in developing economies such as China, India, and Thailand. In addition, rapid urbanization along with growing population has led to an increase in construction activities which will further drive product demand.
The Middle East & Africa is anticipated to witness significant growth over the coming years owing to major development projects taking place across countries such as Saudi Arabia and UAE. In addition, rising government spending on healthcare facilities will boost industry expansion across this region during the forecast period.
Growth Factors:
- Increasing demand from the construction industry as a result of rapid urbanization and industrialization in emerging economies.
- Rising demand for paints and coatings from the automotive sector due to increasing production of passenger cars and commercial vehicles worldwide.
- Growing popularity of powder coatings owing to their superior properties such as durability, corrosion resistance, and scratch resistance over conventional liquid coatings.
- Proliferation of nanotechnology-based paints and coatings that offer improved performance characteristics over traditional products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Paints & Coatings Market Research Report
By Type
Water-Based Paint, Solvent-Based Paint, Powder Paint, Others
By Application
Architectural, Traffic, Wood, Industrial Equipment, Others
By Companies
PPG, AkzoNobel, Henkel, Sherwin-Williams, Valspar, RPM International, Axalta, BASF, Kansai Paint, Sika, 3M, Asian Paints, Nippon Paint, HB Fuller, Masco, Jotun, Hempel, KCC Corporation, DAW SE, Shawcor, Cromology, SK KAKEN, Carpoly, Taiho Paint, Berger 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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Paints & Coatings Market Report Segments:
The global Paints & Coatings market is segmented on the basis of:
Types
Water-Based Paint, Solvent-Based Paint, Powder Paint, 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
Architectural, Traffic, Wood, Industrial Equipment, 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:
- PPG
- AkzoNobel
- Henkel
- Sherwin-Williams
- Valspar
- RPM International
- Axalta
- BASF
- Kansai Paint
- Sika
- 3M
- Asian Paints
- Nippon Paint
- HB Fuller
- Masco
- Jotun
- Hempel
- KCC Corporation
- DAW SE
- Shawcor
- Cromology
- SK KAKEN
- Carpoly
- Taiho Paint
- Berger Paints
Highlights of The Paints & 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:
- Water-Based Paint
- Solvent-Based Paint
- Powder Paint
- Others
- By Application:
- Architectural
- Traffic
- Wood
- Industrial Equipment
- 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 & 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.
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- Correctly Positioning New Products
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- Consumer Insights
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- Product & Brand Management
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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?
Paints and coatings are products that are used to protect surfaces from the elements, or to enhance the appearance of a surface.
Some of the major companies in the paints & coatings market are PPG, AkzoNobel, Henkel, Sherwin-Williams, Valspar, RPM International, Axalta, BASF, Kansai Paint, Sika, 3M, Asian Paints, Nippon Paint, HB Fuller, Masco, Jotun, Hempel, KCC Corporation, DAW SE, Shawcor, Cromology, SK KAKEN, Carpoly, Taiho Paint, Berger Paints.
The paints & coatings market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Paints & 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. Paints & Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Paints & Coatings Market - Supply Chain
4.5. Global Paints & Coatings Market Forecast
4.5.1. Paints & Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Paints & Coatings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Paints & Coatings Market Absolute $ Opportunity
5. Global Paints & 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. Paints & Coatings Market Size and Volume Forecast by Type
5.3.1. Water-Based Paint
5.3.2. Solvent-Based Paint
5.3.3. Powder Paint
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Paints & 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. Paints & Coatings Market Size and Volume Forecast by Application
6.3.1. Architectural
6.3.2. Traffic
6.3.3. Wood
6.3.4. Industrial Equipment
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Paints & 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. Paints & 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 Paints & 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. Paints & 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 Paints & Coatings Demand Share Forecast, 2019-2029
9. North America Paints & 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 Paints & 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 Paints & Coatings Market Size and Volume Forecast by Application
9.4.1. Architectural
9.4.2. Traffic
9.4.3. Wood
9.4.4. Industrial Equipment
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 & Coatings Market Size and Volume Forecast by Type
9.7.1. Water-Based Paint
9.7.2. Solvent-Based Paint
9.7.3. Powder Paint
9.7.4. 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 Paints & Coatings Demand Share Forecast, 2019-2029
10. Latin America Paints & 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 Paints & 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 Paints & Coatings Market Size and Volume Forecast by Application
10.4.1. Architectural
10.4.2. Traffic
10.4.3. Wood
10.4.4. Industrial Equipment
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 & Coatings Market Size and Volume Forecast by Type
10.7.1. Water-Based Paint
10.7.2. Solvent-Based Paint
10.7.3. Powder Paint
10.7.4. 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 Paints & Coatings Demand Share Forecast, 2019-2029
11. Europe Paints & 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 Paints & 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 Paints & Coatings Market Size and Volume Forecast by Application
11.4.1. Architectural
11.4.2. Traffic
11.4.3. Wood
11.4.4. Industrial Equipment
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 & Coatings Market Size and Volume Forecast by Type
11.7.1. Water-Based Paint
11.7.2. Solvent-Based Paint
11.7.3. Powder Paint
11.7.4. 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 Paints & Coatings Demand Share, 2019-2029
12. Asia Pacific Paints & 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 Paints & 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 Paints & Coatings Market Size and Volume Forecast by Application
12.4.1. Architectural
12.4.2. Traffic
12.4.3. Wood
12.4.4. Industrial Equipment
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 & Coatings Market Size and Volume Forecast by Type
12.7.1. Water-Based Paint
12.7.2. Solvent-Based Paint
12.7.3. Powder Paint
12.7.4. 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 Paints & Coatings Demand Share, 2019-2029
13. Middle East & Africa Paints & 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 Paints & 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 Paints & Coatings Market Size and Volume Forecast by Application
13.4.1. Architectural
13.4.2. Traffic
13.4.3. Wood
13.4.4. Industrial Equipment
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 & Coatings Market Size and Volume Forecast by Type
13.7.1. Water-Based Paint
13.7.2. Solvent-Based Paint
13.7.3. Powder Paint
13.7.4. 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 Paints & Coatings Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Paints & Coatings Market: Market Share Analysis
14.2. Paints & Coatings Distributors and Customers
14.3. Paints & Coatings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. PPG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AkzoNobel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Henkel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sherwin-Williams
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Valspar
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 International
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Axalta
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. Kansai Paint
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sika
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. 3M
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Asian Paints
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Nippon 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. HB Fuller
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Masco
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Jotun
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Hempel
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. KCC Corporation
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. DAW SE
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Shawcor
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
