Paints and Coatings Market by Source (Ores & Clays, Crude Oil), By Resin (Acrylic, Polyurethane), By Technology (Water-Based, Solvent Based), By Application (Architectural Coatings), By Region (Asia-Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast 2019 to 2024

Paints and Coatings Market Size, Share, Trends, Growth, Analysis, Research


Paints and Coatings Market: Summary

The Global Paints and Coatings Market is estimated to reach USD 249.6 Billion in 2024 at a CAGR of 4.4%. The paints and coating market is experiencing robust growth owing to the rising construction activities and increasing production and sales of the automotive vehicles. With the growing global economy, higher spending is allocated for the construction of the residential and non-residential infrastructure, which is further pushing the market growth uphill. However, fluctuating oil and other raw material prices is likely to hinder the growth of this market.

Paints and coatings are the composition obtained from the synthetic or natural source, which aims to impart color and/or protection to the surface applied. In addition to this, it is used to improve aesthetics and to decorate the surface. These are widely demanded in the range of industries including packaging, automotive, construction, marine, and manufacturing.

Some key players of the market BASF SE, Akzo Nobel, Nippon Paint, Sherwin Williams Valspar, PPG Industries, RPM Inc., Axalta Coating Systems, SACAL Paints, Kansai Paint Co., Ltd. and Diamond Vogel Paints among others.

Paints and Coatings Market


Paints and Coatings Market: Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global paints and coatings market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of source, the market is segmented into ores and clays, crude oil, and seeds, and beans. By resin, the paints and coatings market is segmented into acrylic, polyurethane, epoxy, polyesters, and others. By technology, the market is segmented into water-based, solvent-based, powder coating, and UV cured coating. By application, the market is further classified into architectural coatings, automotive OEM coatings, automotive refinish coatings, traffic marking paint, marine paint, packaging coatings, and others. The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, and the Middle East and Africa, with individual country-level analysis.

Paints and Coatings Market: Report Scope

The report on this market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.


Report Features


Historical/Estimated/Forecasted Market Size Years


Base Year for Market Calculation


Forecasted Period

2019-2024 (2019 estimated year, forecasted up to 2024)

Measured Units

Value (USD Million) Volume (Kiloton)

Segments Included

Source, Resin, Technology, Application

Regional Coverage

Asia-Pacific, North America, Europe, Middle East & Africa, South America

Companies Covered

• BASF (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
• Akzo Nobel
• Nippon Paint
• Sherwin Williams Valspar
• PPG Industries
• RPM Inc.
• Axalta Coating Systems
• SACAL Paints
• Kansai Paint Co., Ltd.
• Diamond Vogel Paints

Paints and Coatings Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Paints and Coatings Market, by Source

  • Ores and Clays
  • Crude Oil
  • Seeds and Beans

Paints and Coatings Marketby Resin

  • Acrylic
  • Polyurethane
  • Epoxy
  • Polyesters
  • Others 

Paints and Coatings Market, by Technology

  • Water-Based
  • Solvent-Based
  • Powder coating
  • UV cured coating 

Paints and Coatings Marketby Application

  • Architectural and Decorative Coatings
  • Automotive OEM Coatings
  • Automotive Refinish Coatings
  • Packaging Coatings
  • Traffic Marking Paints
  • Marine Paints
  • Others (Wood Coatings) 

Paints and Coatings Market, by Region

  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia-Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Russia
    • France
    • Italy
    • UK
    • Turkey
    • Rest of Europe
  • South America
  • Brazil
  • Argentina
  • Rest of South America
  • Middle East and Africa
  • UAE
  • Iran
  • Rest of MEA

Key Questions answered by the report

  • What are the major developments impacting the Paints and Coatings Market and its growth?
  • What will be the effects of the developments in the Paints and Coatings Market on the industry and on the market players in the near and far future?
  • What are the evolving types of the Paints and Coatings Market?
  • What are the evolving applications of Paints and Coatings Market?
  • What are the major characteristics that will affect the Paints and Coatings Market growth during the study period?
  • Who are the key players operating in the Paints and Coatings Market?
  • How are the major players leveraging in the existing market conditions?

Report Audience

  • Paints and Coatings Market Providers
  • Paints and Coatings Market Solution and Services Suppliers, Distributors, and Dealers
  • End-Users of Varied Segments of Paints and Coatings Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms



1.1       Research Objectives

1.2       Market Definition

1.3       Research Scope

1.4       Regional Coverage

1.5       Research Timeline

1.6       Assumptions

1.7       Limitations


2.1       Introduction

2.2       Primary Research

                                  2.2.1    Key Industry Expert Insight

2.3       Secondary Research

                                  2.3.1    Vital Data from Secondary Sources

2.4       Market Size Estimation

2.5       Data Validation & Triangulation



4.1       Introduction

4.2       Drivers

                                  4.2.1    Growing Demand of Paints and Coating from The Automotive and Construction Sector

                                  4.2.2    Rising Population Along with The Higher Consumer Spending on Residential Infrastructure in Asia-Pacific Region

4.3       Restraints

                                 4.3.1.    Fluctuation in the oil and other raw material prices

4.4       Opportunities

                                  4.4.1    Rising awareness and demand for the ecofriendly paints and coatings

                                  4.4.2    Emergence of new materials in the paints and coatings

4.5       Challenges

                                  4.5.1    High concerns regarding Volatile Organic Compounds (VOC) Emissions


5.1       Introduction

                                 5.1.1.    Power of Buyers

                                 5.1.2.    Power of Suppliers

                                 5.1.3.    Intensity of Competition

                                 5.1.4.    Challenges of Substitutes

                                 5.1.5.    Challenges of New Entrants

5.2       Macro-Economic Indicators

6      PAINTS AND COATINGS MARKET BY SOURCE, Market Size in USD Million and Volume (Kiloton) (2017—2024)

6.1       Introduction

6.2       Ores and Clays

6.3       Crude Oil

6.4       Seeds and Beans

7      PAINTS AND COATINGS MARKET BY RESIN, Market Size in USD Million and Volume (Kiloton) (2017—2024)

7.1       Introduction

7.2       Acrylic

7.3       Polyurethane

7.4       Epoxy

7.5       Polyesters

7.6       Others

8      PAINTS AND COATINGS MARKET BY TECHNOLOGY, Market Size in USD Million and Volume (Kiloton) (2017—2024)

8.1       Introduction

8.2       Water Based

8.3       Solvent Based

8.4       Powder Coating

8.5       UV cured Coating

9      PAINTS AND COATINGS MARKET BY TECHNOLOGY, Market Size in USD Million and Volume (Kiloton) (2017—2024)

9.1  Introduction

9.2  Architectural and Decorative Coatings

9.3  Automotive OEM Coatings

9.4  Automotive Refinish Coatings

9.5  Packaging Coatings

9.6  Traffic Marking Paints

9.7  Marine Paints

9.8  Others

10   PAINTS AND COATINGS MARKET BY REGION, Market Size in USD Million and Volume (Kiloton) (2017—2024)

10.1     North America

                                 8.1.1.    US

                                 8.1.2.    Canada

                                 8.1.3.    Mexico

10.2     Europe

                                 8.2.1.    Germany

                                 8.2.2.    Russia

                                 8.2.3.    France

                                 8.2.4.    Italy

                                 8.2.5.    UK

                                 8.2.6.    Turkey

                                 8.2.7.    Rest of Europe

10.3     Asia-Pacific

                                 8.3.1.    China

                                 8.3.2.    Japan

                                 8.3.3.    India

                                 8.3.4.    South Korea

                                 8.3.5.    Rest of Asia-Pacific

10.4     Middle East and Africa

                                 8.4.1.    UAE

                                 8.4.2.    Iran

                                 8.4.3.    Rest of Middle East and Africa

10.5     South America

                                 8.5.1.    Brazil

                                 8.5.2.    Argentina

                                 8.5.3.    Rest of South America


11.1     Introduction

11.2     Market Ranking/Share Analysis of Key Companies

11.3     Company Benchmarking


12.1     BASF SE

                                12.1.1    Company Overview

                                12.1.2    Financial Overview

                                12.1.3    Products/Solutions/Services Offered

                                12.1.4    Key Developments

                                12.1.5    SWOT Analysis

12.2     Akzo Nobel

12.3     Nippon Paint

12.4     Sherwin Williams Valspar

12.5     PPG Industries

12.6     RPM Inc.

12.7     Axalta Coating Systems

12.8     SACAL Paints

12.9     Kansai Paint Co., Ltd.

12.10  Diamond Vogel Paints

12.11  Other Key Companies


13.1     Key Industry Expert Insights

13.2     Primary Discussion Guide

13.3     Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain



Rep Id : CM 021

Published : January, 2020

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