Global Paints & Coatings Market Forecast 2023-2032

The global paints & coatings market is forecasted to grow with a CAGR of 4.97% in terms of revenue during the forecast years 2023 to 2032. The market's growth is accredited to key drivers, such as developments in construction and property, the rising demand for waterborne paints, the introduction of personalized solutions, and the thriving furniture sector.

MARKET INSIGHTS

Paints are characterized as liquefiable, liquid, or mastic composition, which converts into a solid film after application to a substrate in a thin layer. They are primarily used to color, protect, and provide texture to objects. Paints can either be manufactured or purchased in multiple colors and diverse types, like synthetic and watercolors, among others. On the other hand, a coating entails a covering applied to an object's surface, typically referred to as the substrate. It serves the purpose of either decoration or functionality, or both.

The construction industry is the largest consumer of paints & coatings across the world, equating to nearly 40% of the total consumption. Moreover, the demand for paints & coatings in the construction sector largely influences the need for resins used in the production of the same. In addition, owing to the significant increase in the global population, the demand for residential construction is on the rise. This factor, in turn, augments the usage of architectural paints & coatings, thus propelling the global market's growth during the forecast period.

REGIONAL INSIGHTS

The global paints & coatings market growth is assessed by evaluating the Asia-Pacific, Europe, North America, and Rest of World. The Asia-Pacific is projected to capture the largest market share of 53.70% by 2032, owing to factors such as the increasing demand from the automotive industry, in addition to the rapidly growing housing construction activities, especially in emerging economies.

COMPETITIVE INSIGHTS

The competition within the global paints & coatings market is set to be high during the forecast period. Moreover, the rising consolidation, integrated with consistent innovations for developing next-generation products with minimal carbon and solvent content, intensifies the competition.

Some of the top companies operating in the market are: RPM International Inc, Akzo Nobel NV, Jotun Group, etc.

Our report offerings include:

Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 2988

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
2.5. MAJOR MARKET FINDINGS
- 2.5.1. BIOCIDES ARE BEING USED IN PAINTS TO ENHANCE LONGEVITY
- 2.5.2. PAINT MANUFACTURING COMPANIES USE LOW/ZERO VOLATILE ORGANIC COMPOUNDS TO ENSURE SAFE PAINT USE
- 2.5.3. GLOBAL EXPANSION OF THE PAINTS & COATINGS MARKET FUELED BY RISING M&A ACTIVITY

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. DEVELOPMENTS IN CONSTRUCTION AND PROPERTY SECTORS
- 3.1.2. THRIVING FURNITURE SECTOR
- 3.1.3. DEMAND FOR WATERBORNE PAINTS
- 3.1.4. INTRODUCTION OF PERSONALIZED SOLUTIONS
3.2. KEY RESTRAINTS
- 3.2.1. ENVIRONMENTAL CONCERNS
- 3.2.2. UNCERTAINTY IN RAW MATERIAL PRICES
- 3.2.3. REGULATORY CHALLENGES
- 3.2.4. GEOPOLITICAL TENSIONS

4. KEY ANALYTICS

4.1. KEY MARKET TRENDS
4.2. PORTER'S FIVE FORCES ANALYSIS
- 4.2.1. BUYERS POWER
- 4.2.2. SUPPLIERS POWER
- 4.2.3. SUBSTITUTION
- 4.2.4. NEW ENTRANTS
- 4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
- 4.3.1. GROWTH PROSPECT MAPPING FOR UNITED STATES
- 4.3.2. GROWTH PROSPECT MAPPING FOR FRANCE
- 4.3.3. GROWTH PROSPECT MAPPING FOR INDONESIA
- 4.3.4. GROWTH PROSPECT MAPPING FOR LATIN AMERICA
4.4. MARKET MATURITY ANALYSIS
4.5. MARKET CONCENTRATION ANALYSIS
4.6. VALUE CHAIN ANALYSIS

5. MARKET BY RESIN TYPE

5.1. ACRYLIC
- 5.1.1. MARKET FORECAST
- 5.1.2. SEGMENT ANALYSIS
5.2. POLYESTER
- 5.2.1. MARKET FORECAST
- 5.2.2. SEGMENT ANALYSIS
5.3. ALKYD
- 5.3.1. MARKET FORECAST
- 5.3.2. SEGMENT ANALYSIS
5.4. EPOXY
- 5.4.1. MARKET FORECAST
- 5.4.2. SEGMENT ANALYSIS
5.5. POLYURETHANE
- 5.5.1. MARKET FORECAST
- 5.5.2. SEGMENT ANALYSIS
5.6. OTHER RESIN TYPES
- 5.6.1. MARKET FORECAST
- 5.6.2. SEGMENT ANALYSIS

6. MARKET BY TECHNOLOGY

6.1. WATERBORNE
- 6.1.1. MARKET FORECAST
- 6.1.2. SEGMENT ANALYSIS
6.2. SOLVENT-BORNE
- 6.2.1. MARKET FORECAST
- 6.2.2. SEGMENT ANALYSIS
6.3. POWDER COATINGS
- 6.3.1. MARKET FORECAST
- 6.3.2. SEGMENT ANALYSIS
6.4. HIGH SOLIDS
- 6.4.1. MARKET FORECAST
- 6.4.2. SEGMENT ANALYSIS
6.5. RADIATION CURED
- 6.5.1. MARKET FORECAST
- 6.5.2. SEGMENT ANALYSIS
6.6. OTHER TECHNOLOGIES
- 6.6.1. MARKET FORECAST
- 6.6.2. SEGMENT ANALYSIS

7. MARKET BY APPLICATION

7.1. AEROSPACE
- 7.1.1. MARKET FORECAST
- 7.1.2. SEGMENT ANALYSIS
7.2. INDUSTRIAL COATING
- 7.2.1. MARKET FORECAST
- 7.2.2. SEGMENT ANALYSIS
7.3. WOOD COATING
- 7.3.1. MARKET FORECAST
- 7.3.2. SEGMENT ANALYSIS
7.4. PROTECTIVE COATING
- 7.4.1. MARKET FORECAST
- 7.4.2. SEGMENT ANALYSIS
7.5. MARINE COATING
- 7.5.1. MARKET FORECAST
- 7.5.2. SEGMENT ANALYSIS
7.6. REFINISH AUTOMOTIVE
- 7.6.1. MARKET FORECAST
- 7.6.2. SEGMENT ANALYSIS
7.7. AUTOMOTIVE (OEM)
- 7.7.1. MARKET FORECAST
- 7.7.2. SEGMENT ANALYSIS
7.8. PACKAGING COATING
- 7.8.1. MARKET FORECAST
- 7.8.2. SEGMENT ANALYSIS
7.9. ELECTRONIC COATING
- 7.9.1. MARKET FORECAST
- 7.9.2. SEGMENT ANALYSIS
7.10. ARCHITECTURAL (INTERIOR/EXTERIOR)
- 7.10.1. MARKET FORECAST
- 7.10.2. SEGMENT ANALYSIS
7.11. SPECIAL COATING
- 7.11.1. MARKET FORECAST
- 7.11.2. SEGMENT ANALYSIS

8. GEOGRAPHICAL ANALYSIS

8.1. NORTH AMERICA
- 8.1.1. MARKET SIZE & ESTIMATES
- 8.1.2. NORTH AMERICA PAINTS & COATINGS MARKET DRIVERS
- 8.1.3. NORTH AMERICA PAINTS & COATINGS MARKET CHALLENGES
- 8.1.4. NORTH AMERICA PAINTS & COATINGS MARKET REGULATORY FRAMEWORK
- 8.1.5. KEY PLAYERS IN NORTH AMERICA PAINTS & COATINGS MARKET
- 8.1.6. COUNTRY ANALYSIS
  - 8.1.6.1. UNITED STATES
  - 8.1.6.1.1. UNITED STATES PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.1.6.2. CANADA
  - 8.1.6.2.1. CANADA PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
8.2. EUROPE
- 8.2.1. MARKET SIZE & ESTIMATES
- 8.2.2. EUROPE PAINTS & COATINGS MARKET DRIVERS
- 8.2.3. EUROPE PAINTS & COATINGS MARKET CHALLENGES
- 8.2.4. EUROPE PAINTS & COATINGS MARKET REGULATORY FRAMEWORK
- 8.2.5. KEY PLAYERS IN EUROPE PAINTS & COATINGS MARKET
- 8.2.6. COUNTRY ANALYSIS
  - 8.2.6.1. UNITED KINGDOM
  - 8.2.6.1.1. UNITED KINGDOM PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.2.6.2. GERMANY
  - 8.2.6.2.1. GERMANY PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.2.6.3. FRANCE
  - 8.2.6.3.1. FRANCE PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.2.6.4. ITALY
  - 8.2.6.4.1. ITALY PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.2.6.5. SPAIN
  - 8.2.6.5.1. SPAIN PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.2.6.6. BELGIUM
  - 8.2.6.6.1. BELGIUM PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.2.6.7. POLAND
  - 8.2.6.7.1. POLAND PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.2.6.8. REST OF EUROPE
  - 8.2.6.8.1. REST OF EUROPE PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
8.3. ASIA-PACIFIC
- 8.3.1. MARKET SIZE & ESTIMATES
- 8.3.2. ASIA-PACIFIC PAINTS & COATINGS MARKET DRIVERS
- 8.3.3. ASIA-PACIFIC PAINTS & COATINGS MARKET CHALLENGES
- 8.3.4. ASIA-PACIFIC PAINTS & COATINGS MARKET REGULATORY FRAMEWORK
- 8.3.5. KEY PLAYERS IN ASIA-PACIFIC PAINTS & COATINGS MARKET
- 8.3.6. COUNTRY ANALYSIS
  - 8.3.6.1. CHINA
  - 8.3.6.1.1. CHINA PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.3.6.2. JAPAN
  - 8.3.6.2.1. JAPAN PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.3.6.3. INDIA
  - 8.3.6.3.1. INDIA PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.3.6.4. SOUTH KOREA
  - 8.3.6.4.1. SOUTH KOREA PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.3.6.5. INDONESIA
  - 8.3.6.5.1. INDONESIA PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.3.6.6. THAILAND
  - 8.3.6.6.1. THAILAND PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.3.6.7. VIETNAM
  - 8.3.6.7.1. VIETNAM PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.3.6.8. AUSTRALIA & NEW ZEALAND
  - 8.3.6.8.1. AUSTRALIA & NEW ZEALAND PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.3.6.9. REST OF ASIA-PACIFIC
  - 8.3.6.9.1. REST OF ASIA-PACIFIC PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
8.4. REST OF WORLD
- 8.4.1. MARKET SIZE & ESTIMATES
- 8.4.2. REST OF WORLD PAINTS & COATINGS MARKET DRIVERS
- 8.4.3. REST OF WORLD PAINTS & COATINGS MARKET CHALLENGES
- 8.4.4. REST OF WORLD PAINTS & COATINGS MARKET REGULATORY FRAMEWORK
- 8.4.5. KEY PLAYERS IN REST OF WORLD PAINTS & COATINGS MARKET
- 8.4.6. REGIONAL ANALYSIS
  - 8.4.6.1. LATIN AMERICA
  - 8.4.6.1.1. LATIN AMERICA PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.4.6.2. MIDDLE EAST & AFRICA
  - 8.4.6.2.1. MIDDLE EAST & AFRICA PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES

9. COMPETITIVE LANDSCAPE

9.1. KEY STRATEGIC DEVELOPMENTS
- 9.1.1. MERGERS & ACQUISITIONS
- 9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 9.1.3. PARTNERSHIPS & AGREEMENTS
- 9.1.4. BUSINESS EXPANSIONS
9.2. COMPANY PROFILES
- 9.2.1. AKZO NOBEL NV
- 9.2.2. ASIAN PAINTS LIMITED
- 9.2.3. AXALTA COATING SYSTEMS LTD
- 9.2.4. BERGER PAINTS INDIA LIMITED
- 9.2.5. DAVIES PAINTS PHILIPPINES INC
- 9.2.6. HAYMES PAINT
- 9.2.7. JOTUN GROUP
- 9.2.8. KANSAI PAINT CO LTD
- 9.2.9. KOVA PAINT CO LTD
- 9.2.10. NIPPON PAINT HOLDINGS CO LTD
- 9.2.11. PACIFIC PAINT (BOYSEN) PHILIPPINES INC (BOYSEN PAINTS)
- 9.2.12. PPG INDUSTRIES INC
- 9.2.13. PT PROPAN RAYA ICC
- 9.2.14. RPM INTERNATIONAL INC
- 9.2.15. THE SHERWIN-WILLIAMS COMPANY
- 9.2.16. TOA PAINT (THAILAND) PUBLIC COMPANY LIMITED