PUBLISHER: The Business Research Company | PRODUCT CODE: 1927076
PUBLISHER: The Business Research Company | PRODUCT CODE: 1927076
Paints and coatings are products created by blending pigments, solvents, and binders to form various coatings, including paints, stains, varnishes, lacquers, enamels, shellacs, water-repellent coatings for concrete and masonry, and allied paint products such as putties, paint and varnish removers, paintbrush cleaners, and frit.
The primary types of paints and coatings encompass water-borne coatings, solvent-based coatings, powder coatings, and other variations. Water-borne coatings, known for their environmental friendliness, utilize water as a solvent to disperse the resin used in the coating or paint. Resins can be of different types, including acrylic, polyurethane, polyesters, epoxy, alkyd, and others. The performance categories cover commodity coatings, engineering coatings, and high-performance coatings. These paints and coatings find applications in various sectors such as architectural, automotive, wood, packaging, aerospace, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have created notable challenges and selective opportunities for the paints and coatings market by increasing the cost of imported raw materials such as resins, pigments, and solvents. Architectural, automotive, and industrial coating segments are most affected, particularly in asia pacific and europe where cross border sourcing is significant. Higher tariffs have pressured profit margins and increased product prices, slowing adoption in cost sensitive markets. At the same time, tariffs are encouraging domestic production, regional sourcing, and formulation innovation to reduce dependency on imported inputs.
The paints and coatings market research report is one of a series of new reports from The Business Research Company that provides paints and coatings market statistics, including paints and coatings industry global market size, regional shares, competitors with a paints and coatings market share, detailed paints and coatings market segments, market trends and opportunities, and any further data you may need to thrive in the paints and coatings industry. This paints and coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The paints and coatings market size has grown strongly in recent years. It will grow from $248.06 billion in 2025 to $261.56 billion in 2026 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to growth of construction and infrastructure projects, expansion of automotive manufacturing, long term demand from architectural coatings, rising industrialization in emerging economies, established use in wood and packaging applications.
The paints and coatings market size is expected to see strong growth in the next few years. It will grow to $336.03 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing demand for eco friendly coatings, growth of electric vehicle production, rising infrastructure renovation activities, expansion of aerospace and marine coatings, growing demand for high performance protective coatings. Major trends in the forecast period include growing demand for water borne coatings, rising adoption of high performance coatings, increasing use of specialty and industrial coatings, expansion of powder coatings applications, growing focus on durable and long life coatings.
The rising consumption by end-user industries is expected to propel the growth of the paint and coatings market going forward. There is a rapid growth in the consumption of paints and coatings in many industries. Paints and coatings are widely used in the automotive, construction, and manufacturing industries, whereas paint and coatings protect surfaces, enhance aesthetics, and provide corrosion resistance in the construction industry. For instance, in June 2023, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, US-based government administrations, in May 2023, privately owned home starts were occurring at a seasonally adjusted annual pace of 1,631,000, representing an increase of 21.7% in the revised April 2023 prediction of 1,340,000 and 5.7% in the May 2022 rate of 1,543,000. The number of privately owned home completions in May 2023 was 1,518,000 on a seasonally adjusted yearly basis, representing an increase of 5.0% over the May 2022 rate of 1,446,000 and 9.5% above the revised April 2023 estimate of 1,386,000. Therefore, growth in end-user industries is expected to drive the paint and coatings market.
The rising expansion of the automotive industry is expected to support the growth of the paint and coatings market going forward. The automotive industry includes a broad range of companies and activities involved in designing, manufacturing, selling, and maintaining motor vehicles. It relies on paint and coatings to shield vehicle surfaces from corrosion, deliver aesthetic finishes, and improve durability, thereby enhancing both the appearance and lifespan of vehicles while meeting design and safety standards. For instance, in January 2024, the European Automobile Manufacturers Association, a Belgium-based automobile industry association, reported that in 2023, the EU car market increased by 13.9% compared to 2022, reaching total annual sales of 10.5 million vehicles. Therefore, the rising expansion of the automotive industry is fueling the growth of the paint and coatings market.
Major companies operating in the paints and coatings market are focusing on developing innovative products, such as innovative biosurfactants, to enhance environmental sustainability and improve product performance. Innovative biosurfactants are eco-friendly surface-active agents derived from natural sources like plants and microorganisms. They improve the performance of products by enhancing emulsification and stability while being biodegradable and non-toxic. For instance, in September 2024, Evonik Industries AG, a Germany-based chemical company, launched two innovative biosurfactants, TEGO Wet 570 Terra and TEGO Wet 580 Terra, to coatings and ink formulations. These products that enhance substrate wetting and improve pigment dispersion in industrial coatings, ensuring optimal colour properties and good corrosion resistance. In printing inks, they accelerate the wetting of pigments and fillers while contributing to sustainability by reducing VOC levels and enhancing the biodegradability of the final product.
Major companies operating in the paints and coatings market are BASF SE, Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Nippon Paint Holdings Co., Ltd., RPM International Inc., Asian Paints Limited, Kansai Paint Co., Ltd., Jotun Group, Hempel A/S, Axalta Coating Systems Ltd., KCC Corporation, DAW SE, Tikkurila Oyj, Chugoku Marine Paints Ltd., National Paints Factories Co. Ltd., Shalimar Paints Limited, Berger Paints India Limited, Rust-Oleum Corporation, Dunn-Edwards Corporation, Nihon Tokushu Toryo Co., Ltd., Kelly-Moore Paints, Behr Process Corporation
Asia-Pacific was the largest region in the paints and coatings market in 2025. Western Europe was the second-largest region in the paints and coatings market. The regions covered in the paints and coatings market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the paints and coatings market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The paints and coatings market consists of the sales of polyurethane coatings, epoxy coatings, alkyd coatings, zinc-rich coatings, and acrylic coatings. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Paints And Coatings Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses paints and coatings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for paints and coatings ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The paints and coatings market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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