Global Paints & Coatings Market
Global Paints & Coatings Market was valued at USD 184 billion in 2021 and is expected to reach USD 214 billion by 2027, at a CAGR 2.46% from 2022-2027.
Paints & Coatings is defined as a type of coverings which are widely used for applying on the surface of certain objects to prevent the surface against sunlight exposure and oxidation. This covering can assist in improving the durability of the object life and it is also utilized for decorative purposes and functional purposes.
Market Drivers
The increase in applications of fluoropolymers in the construction and building industry and rising demand for powder coatings in pipeline and shipbuilding industries is estimated to carve a way for the growth of the paints & coatings market.
Furthermore, advancement in new technology is being adopted across various industries. These factors are estimated to drive the paints & coatings market during the forecast period.
Market Restraints
The drying and cure time for waterborne coatings is longer than that of solvent-borne coatings. Also, aqueous coatings have good flow qualities which fluctuate with humidity, impacting the application of the coating. Water does not easily evaporate in a high humidity environment, leading to a poor cure and reduced performance. This factor may create hindrances for the growth of the paints and coatings market.
Market Segmentation
The Global Paints & Coatings Market is segmented into resin type, technology, and application.
Based on the acrylic segment, it is estimated to hold a prominent share of the global market during the forecast period. Acrylic resins can be used in water-based and solvent-based formulations; hence, they are widely used in industrial coatings, architectural coatings, and protective coatings.
Regional Analysis
The Global Paints & Coatings Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Asia-Pacific region dominates the market in terms of market share and market revenue and will continue to grow its dominance during the forecast period. The market growth over this region is attributed to the rise in construction activities and increasing demand from the automotive sector in emerging countries, such as China, Japan, India, and Southeast Asia within the region.
Key Players
Various key players are discussed into the Global Paints & Coatings Market Report including: Akzo Nobel N.V, BASF SE, The Sherwin Williams Company, PPG industries, In., Axalta Coating System, RPM international Inc., KKC Corporation, Berger Paints India Limited, Nippon Paints Holdings Co., Ltd., The Valspar Corporation, Jotun A/S, and others.
Market Taxonomy
By Resin Type
By Technology
By Application
By Region
Global Paints & Coatings Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Paints & Coatings Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Paints & Coatings Market, By Resin Type
5.1 Y-o-Y Growth Comparison, By Resin Type
5.2 Global Paints & Coatings Market Share Analysis, By Resin Type
5.3 Global Paints & Coatings Market Size and Forecast, By Resin Type
5.3.1 Acrylic
5.3.2 Alkyd
5.3.3 Epoxy Resin
5.3.4 Polyurethane
5.3.5 Polyester
5.3.6 Vinyl
5.3.7 Fluoropolymer
6 Global Paints & Coatings Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Paints & Coatings Market Share Analysis, By Technology
6.3 Global Paints & Coatings Market Size and Forecast, By Technology
6.3.1 Water-Based Technology
6.3.2 Solvent-Based Technology
6.3.3 High Solids
6.3.4 Powder Coating
6.3.5 Others
7 Global Paints & Coatings Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Paints & Coatings Market Share Analysis, By Application
7.3 Global Paints & Coatings Market Size and Forecast, By Application
7.3.1 Architectural
7.3.2 Industrial
7.3.3 Automation & Transportation
7.3.4 Aerospace
7.3.5 Building & Construction
7.3.6 Healthcare & Medical devices
7.3.7 Marine
7.3.8 Electricals & Electronics
7.3.9 Packaging
7.3.10 Others
8 Global Paints & Coatings Market, By Region
8.1 Global Paints & Coatings Market Share Analysis, By Region
8.2 Global Paints & Coatings Market Share Analysis, By Region
8.3 Global Paints & Coatings Market Size and Forecast, By Region
9 North America Paints & Coatings Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Paints & Coatings Market Share Analysis, By Resin Type
9.3 North America Paints & Coatings Market Share Analysis, By Technology
9.4 North America Paints & Coatings Market Size and Forecast, By Application
9.5 North America Paints & Coatings Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Paints & Coatings Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Paints & Coatings Market Share Analysis, By Resin Type
10.3 Europe Paints & Coatings Market Share Analysis, By Technology
10.4 Europe Paints & Coatings Market Size and Forecast, By Application
10.5 Europe Paints & Coatings Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Paints & Coatings Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Paints & Coatings Market Share Analysis, By Resin Type
11.3 Asia Pacific Paints & Coatings Market Share Analysis, By Technology
11.4 Asia Pacific Paints & Coatings Market Size and Forecast, By Application
11.5 Asia Pacific Paints & Coatings Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Paints & Coatings Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Paints & Coatings Market Share Analysis, By Resin Type
12.3 Latin America Paints & Coatings Market Share Analysis, By Technology
12.4 Latin America Paints & Coatings Market Size and Forecast, By Application
12.5 Latin America Paints & Coatings Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Paints & Coatings Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Paints & Coatings Market Share Analysis, By Resin Type
13.3 Middle East Paints & Coatings Market Share Analysis, By Technology
13.4 Middle East Paints & Coatings Market Size and Forecast, By Application
13.5 Middle East Paints & Coatings Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Akzo Nobel N.V
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 BASF SE
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.25 Key Market Developments
15.2.6 Key Strategies
15.3 The Sherwin Williams Company
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 PPG industries, In.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Axalta Coating System
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 The Valspar Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 RPM international Inc.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 KKC Corporation
15. 8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Berger Paints India Limited
15.9.1 Overview
15.9.2 Offerings
15.4.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Nippon Paints Holdings Co., Ltd.
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
