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PUBLISHER: IMARC | PRODUCT CODE: 1225413

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PUBLISHER: IMARC | PRODUCT CODE: 1225413

Paints and Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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Market Overview:

  • The global paints and coatings market size reached US$ 168.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 231.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.
  • Paints refer to pigmented liquids used to improve the aesthetics of the substrate, whereas coatings are primarily used to enhance surface properties and prevent substrate deterioration. Some commonly available product variants include waterborne, powder, high solids, radiation curing, and solvent-borne coatings. It is widely used in decorating industrial equipment, residential and non-residential infrastructures, and buildings. paints and coatings exhibit anti-fouling, flame retardancy, and anti-microbial properties. They also protect the surface from adverse environmental conditions, weathering, rust, and chemical exposure. As a result, they find extensive applications across the marine, construction, automobile, and transportation industries.

Paints and Coatings Market Trends:

  • Significant growth in the construction industry across the globe is creating a positive outlook for the market. Paints and coatings are widely used on panels, windows, walls, roofs, door frames, and interior extrusions for protection, decoration, and aesthetics. Additionally, the widespread product adoption in the automotive industry, owing to their color stability, continuous protective film formation, corrosion, abrasion and scratch resistance, flexibility, and durability, is favoring the market growth. Apart from this, the introduction of volatile organic compounds (VOC) free, block resistant, and organic paints and coatings manufactured using natural ingredients like lemon peel extract, seed, clay, vegetable, and soybean oil is providing an impetus to the market growth. In line with this, the increasing utilization of environment-friendly and green coatings that minimize the adverse effects of infrared and ultraviolet (UV) radiations and improve the overall efficiency is acting as another growth-inducing factor. Furthermore, the growing environmental consciousness among the masses and the increasing demand for waterborne and powder-based coatings are providing a considerable boost to the market. Other factors, including extensive research and development (R&D) activities, the implementation of various government initiatives promoting infrastructural development, and the increasing inclination toward renovation activities, are supporting the market growth.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the global paints and coatings market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, material and application.

Breakup by Product:

  • Waterborne Coatings
  • Solvent-borne Coatings
  • Powder Coatings
  • High Solids/Radiation Curing
  • Others

Breakup by Material:

  • Acrylic
  • Alkyd
  • Polyurethane
  • Epoxy
  • Polyester
  • Others

Breakup by Application:

  • Architectural and Decorative
  • Non-Architectural
  • Automotive and Transportation
  • Wood
  • General Industrial
  • Marine
  • Protective
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., Asian Paints Ltd., Axalta Coating Systems Ltd., Berger Paints India Limited, Indigo Paints Limited, Jotun A/S, Kansai Paint Co. Ltd., National Paints Factories Co. Ltd., PPG Industries Inc., RPM International Inc., The Sherwin-Williams Company and Tiger Coatings GmbH & Co. KG.

Key Questions Answered in This Report:

  • How has the global paints and coatings market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global paints and coatings market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the material?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global paints and coatings market and who are the key players?
  • What is the degree of competition in the industry?
Product Code: SR1423A254_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Paints and Coatings Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Product

  • 6.1 Waterborne Coatings
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Solvent-borne Coatings
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Powder Coatings
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 High Solids/Radiation Curing
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast
  • 6.5 Others
    • 6.5.1 Market Trends
    • 6.5.2 Market Forecast

7 Market Breakup by Material

  • 7.1 Acrylic
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Alkyd
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Polyurethane
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Epoxy
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Polyester
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast
  • 7.6 Others
    • 7.6.1 Market Trends
    • 7.6.2 Market Forecast

8 Market Breakup by Application

  • 8.1 Architectural and Decorative
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Non-Architectural
    • 8.2.1 Market Trends
    • 8.2.2 Key Segments
      • 8.2.2.1 Automotive and Transportation
      • 8.2.2.2 Wood
      • 8.2.2.3 General Industrial
      • 8.2.2.4 Marine
      • 8.2.2.5 Protective
      • 8.2.2.6 Others
    • 8.2.3 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Akzo Nobel N.V.
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 Asian Paints Ltd.
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
    • 14.3.3 Axalta Coating Systems Ltd.
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
      • 14.3.3.4 SWOT Analysis
    • 14.3.4 Berger Paints India Limited
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
      • 14.3.4.4 SWOT Analysis
    • 14.3.5 Indigo Paints Limited
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
    • 14.3.6 Jotun A/S
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 SWOT Analysis
    • 14.3.7 Kansai Paint Co. Ltd.
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
      • 14.3.7.4 SWOT Analysis
    • 14.3.8 National Paints Factories Co. Ltd.
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
    • 14.3.9 PPG Industries Inc.
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
      • 14.3.9.4 SWOT Analysis
    • 14.3.10 RPM International Inc.
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis
    • 14.3.11 The Sherwin-Williams Company
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
      • 14.3.11.4 SWOT Analysis
    • 14.3.12 Tiger Coatings GmbH & Co. KG
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
Product Code: SR1423A254_Report

List of Figures

  • Figure 1: Global: Paints and Coatings Market: Major Drivers and Challenges
  • Figure 2: Global: Paints and Coatings Market: Sales Value (in Billion US$), 2017-2022
  • Figure 3: Global: Paints and Coatings Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 4: Global: Paints and Coatings Market: Breakup by Product (in %), 2022
  • Figure 5: Global: Paints and Coatings Market: Breakup by Material (in %), 2022
  • Figure 6: Global: Paints and Coatings Market: Breakup by Application (in %), 2022
  • Figure 7: Global: Paints and Coatings Market: Breakup by Region (in %), 2022
  • Figure 8: Global: Paints and Coatings (Waterborne Coatings) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 9: Global: Paints and Coatings (Waterborne Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 10: Global: Paints and Coatings (Solvent-borne Coatings) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 11: Global: Paints and Coatings (Solvent-borne Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 12: Global: Paints and Coatings (Powder Coatings) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 13: Global: Paints and Coatings (Powder Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 14: Global: Paints and Coatings (High Solids/Radiation Curing) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 15: Global: Paints and Coatings (High Solids/Radiation Curing) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 16: Global: Paints and Coatings (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 17: Global: Paints and Coatings (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 18: Global: Paints and Coatings (Acrylic) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 19: Global: Paints and Coatings (Acrylic) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 20: Global: Paints and Coatings (Alkyd) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 21: Global: Paints and Coatings (Alkyd) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 22: Global: Paints and Coatings (Polyurethane) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 23: Global: Paints and Coatings (Polyurethane) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 24: Global: Paints and Coatings (Epoxy) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 25: Global: Paints and Coatings (Epoxy) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 26: Global: Paints and Coatings (Polyester) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 27: Global: Paints and Coatings (Polyester) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 28: Global: Paints and Coatings (Other Materials) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 29: Global: Paints and Coatings (Other Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 30: Global: Paints and Coatings (Architectural and Decorative) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 31: Global: Paints and Coatings (Architectural and Decorative) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 32: Global: Paints and Coatings (Non-Architectural) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 33: Global: Paints and Coatings (Non-Architectural) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 34: North America: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 35: North America: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 36: United States: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 37: United States: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 38: Canada: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 39: Canada: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 40: Asia-Pacific: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 41: Asia-Pacific: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 42: China: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 43: China: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 44: Japan: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 45: Japan: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 46: India: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 47: India: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 48: South Korea: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 49: South Korea: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 50: Australia: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 51: Australia: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 52: Indonesia: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 53: Indonesia: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 54: Others: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 55: Others: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 56: Europe: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 57: Europe: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 58: Germany: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 59: Germany: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 60: France: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 61: France: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 62: United Kingdom: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 63: United Kingdom: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 64: Italy: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 65: Italy: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 66: Spain: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 67: Spain: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 68: Russia: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 69: Russia: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 70: Others: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 71: Others: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 72: Latin America: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 73: Latin America: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 74: Brazil: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 75: Brazil: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 76: Mexico: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 77: Mexico: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 78: Others: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 79: Others: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 80: Middle East and Africa: Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 81: Middle East and Africa: Paints and Coatings Market: Breakup by Country (in %), 2022
  • Figure 82: Middle East and Africa: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 83: Global: Paints and Coatings Industry: SWOT Analysis
  • Figure 84: Global: Paints and Coatings Industry: Value Chain Analysis
  • Figure 85: Global: Paints and Coatings Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Paints and Coatings Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Paints and Coatings Market Forecast: Breakup by Product (in Million US$), 2023-2028
  • Table 3: Global: Paints and Coatings Market Forecast: Breakup by Material (in Million US$), 2023-2028
  • Table 4: Global: Paints and Coatings Market Forecast: Breakup by Application (in Million US$), 2023-2028
  • Table 5: Global: Paints and Coatings Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 6: Global: Paints and Coatings Market: Competitive Structure
  • Table 7: Global: Paints and Coatings Market: Key Players
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