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.
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.
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.
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Report Features |
Specifics |
|---|---|
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Historical/Estimated/Forecasted Market Size Years |
2017-2024 |
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Base Year for Market Calculation |
2018 |
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Forecasted Period |
2019-2024 (2019 estimated year, forecasted up to 2024) |
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Measured Units |
Value (USD Million) Volume (Kiloton) |
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Segments Included |
Source, Resin, Technology, Application |
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Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa, South America |
• 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
For the scope of report, In-depth segmentation is offered by Forencis Research
Paints and Coatings Market, by Source
Paints and Coatings Market, by Resin
Paints and Coatings Market, by Technology
Paints and Coatings Market, by Application
Paints and Coatings Market, by Region
1 INTRODUCTION
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 RESEARCH DESIGN & SCOPE
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
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
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 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
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 COMPETITIVE LANDSCAPE
11.1 Introduction
11.2 Market Ranking/Share Analysis of Key Companies
11.3 Company Benchmarking
12 COMPANY PROFILES
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 APPENDIX
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