Product Code: GVR-1-68038-497-0
Paints And Coatings Market Growth & Trends:
The global paints and coatings market size is anticipated to reach USD 280.19 billion by 2030, growing at a CAGR of 5.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly attributed to increasing consumption of products in automotive, construction, and general industries. The global construction industry is a major consumer of paints & coatings globally. Increasing urbanization and industrialization across the world have led to increased requirements for construction and infrastructure development, globally.
In recent years, the market for paints & coatings has experienced growth, owing to the adoption of environmentally friendly materials that align with sustainable or green chemistry principles. This shift is fueled by rising consumer consciousness toward sustainable products and presence of stringent environmental regulations, which aim at reducing volatile organic compounds (VOC) emissions.
For instance, the product portfolio of Axalta Coating Systems, LLC includes Montana Big Sky Low VOC Basecoat, which meets a wide variety of automotive refinishing requirements. Akzo Nobel N.V. has an Interpon product line, which offers eco-friendly solutions for its customers. Similarly, other players in the market are actively engaged in research and development of eco-friendly and sustainable solutions to reduce their greenhouse gas emissions and lower their ecological footprint. This trend of sustainable products is expected to drive the market over the forecast period.
VOCs are subject to several statutory regulations and legislations. Use of these organic compounds in products is regulated by governmental & federal agencies to limit human exposure to toxic substances and control VOC emissions. VOCs are regulated by international & national regulatory bodies. Chemical industry associations, such as the European Chemical Industry Council (CEFIC) and the German Chemical Industry Association, along with other scientific groups, are constantly working to evaluate and develop paints & coatings with low-VOC content for use in various industries.
Paints And Coatings Market Report Highlights:
- Based on product, the waterborne coatings segment dominated the market with a revenue share of 40.8% in 2024, owing to their wide usage in confined & poorly ventilated spaces. These coatings dry at a faster rate, due to rapid evaporation of water.
- Powder-based coatings are more durable and eco-friendlier compared to their counterparts. They have negligible VOC content, due to the absence of solvents, thus, they comply efficiently & economically with the environmental protection regulations.
- In 2024, Asia Pacific dominated the market with a revenue share of 35.0%, attributed to rising construction activities and growing demand from the automotive sector in emerging countries, such as India, Japan, and South Korea.
- China is expected to be one of the promising markets in the region on account of the government's support to promote investments in the manufacturing sector.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Paints and Coatings Market Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing/Product Outlook
- 3.2.3. Sales Channel Analysis
- 3.3. Price Trend Analysis
- 3.3.1. Factors Influencing Prices
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliances
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Product
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Paints and Coatings Market: Product Estimates & Trend Analysis
- 4.1. Paints and Coatings Market: Product Movement Analysis, 2023 & 2030
- 4.2. Radiation-cured coatings
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Powder coatings
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. Waterborne coatings
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.5. Solvent-borne coatings
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Paints and Coatings Market: Regional Estimates & Trend Analysis
- 5.1. Regional Analysis, 2023 & 2030
- 5.2. North America
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.2.3. U.S.
- 5.2.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.2.4. Canada
- 5.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.2.5. Mexico
- 5.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.3. Europe
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.3.3. Germany
- 5.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.3.4. UK
- 5.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.3.5. France
- 5.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.3.6. Italy
- 5.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.3.7. Spain
- 5.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.7.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.4. Asia Pacific
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.4.3. China
- 5.4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.4.4. India
- 5.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.4.5. Japan
- 5.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD
- 5.4.6. South Korea
- 5.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.5. Latin America
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.5.3. Brazil
- 5.5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.5.4. Argentina
- 5.5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.6. Middle East & Africa
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.6.3. Saudi Arabia
- 5.6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.6.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 5.6.4. South Africa
- 5.6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments by Key Market Participants
- 6.2. Company Categorization
- 6.3. Company Heat Map Analysis
- 6.4. Company Market Positioning Analysis, 2024
- 6.5. Strategy Mapping
- 6.6. Company Profiles/Listing
- 6.6.1. Jotun
- 6.6.1.1. Company Overview
- 6.6.1.2. Financial Performance
- 6.6.1.3. Product Benchmarking
- 6.6.2. The Sherwin-Williams Company
- 6.6.2.1. Company Overview
- 6.6.2.2. Financial Performance
- 6.6.2.3. Product Benchmarking
- 6.6.3. Axalta Coating Systems
- 6.6.3.1. Company Overview
- 6.6.3.2. Financial Performance
- 6.6.3.3. Product Benchmarking
- 6.6.4. PPG Industries, Inc.
- 6.6.4.1. Company Overview
- 6.6.4.2. Financial Performance
- 6.6.4.3. Product Benchmarking
- 6.6.5. RPM INTERNATIONAL, INC
- 6.6.5.1. Company Overview
- 6.6.5.2. Financial Performance
- 6.6.5.3. Product Benchmarking
- 6.6.6. BASF SE
- 6.6.6.1. Company Overview
- 6.6.6.2. Financial Performance
- 6.6.6.3. Product Benchmarking
- 6.6.7. Henkel AG & Company, KGaA
- 6.6.7.1. Company Overview
- 6.6.7.2. Financial Performance
- 6.6.7.3. Product Benchmarking
- 6.6.8. Contego International Inc.
- 6.6.8.1. Company Overview
- 6.6.8.2. Financial Performance
- 6.6.8.3. Product Benchmarking
- 6.6.9. Hempel A/S
- 6.6.9.1. Company Overview
- 6.6.9.2. Financial Performance
- 6.6.9.3. Product Benchmarking
- 6.6.10. No-Burn Inc.
- 6.6.10.1. Company Overview
- 6.6.10.2. Financial Performance
- 6.6.10.3. Product Benchmarking
- 6.6.11. Nullifire
- 6.6.11.1. Company Overview
- 6.6.11.2. Financial Performance
- 6.6.11.3. Product Benchmarking
- 6.6.12. 3M
- 6.6.12.1. Company Overview
- 6.6.12.2. Financial Performance
- 6.6.12.3. Product Benchmarking
- 6.6.13. Albi Protective Coatings
- 6.6.13.1. Company Overview
- 6.6.13.2. Financial Performance
- 6.6.13.3. Product Benchmarking
- 6.6.14. Akzo Nobel N.V.
- 6.6.14.1. Company Overview
- 6.6.14.2. Financial Performance
- 6.6.14.3. Product Benchmarking