Paints & Coatings Market by Product (Powder, Solvent Based, Water Based), Resin Type (Acrylic, Alkyd, Epoxy), End-User - Global Forecast 2023-2030

Paints & Coatings Market by Product (Powder, Solvent Based, Water Based), Resin Type (Acrylic, Alkyd, Epoxy), End-User - Global Forecast 2023-2030


The Paints & Coatings Market size was estimated at USD 158.94 billion in 2022 and expected to reach USD 170.73 billion in 2023, at a CAGR 7.73% to reach USD 288.41 billion by 2030.

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Paints & Coatings Market.
  • Based on Product, market is studied across Powder, Solvent Based, and Water Based. The Solvent Based commanded largest market share of 43.51% in 2022, followed by Water Based.
  • Based on Resin Type, market is studied across Acrylic, Alkyd, Epoxy, Polyester, and Polyurethane. The Acrylic commanded largest market share of 25.62% in 2022, followed by Epoxy.
  • Based on End-User, market is studied across Architectural and Industrial. The Architectural is further studied across Non-residential and Residential. The Residential is further studied across New Construction and Remodel & Repaint. The Industrial is further studied across Aerospace, Automotive, General Industrial, Marine, Packaging, and Rail. The Architectural commanded largest market share of 59.96% in 2022, followed by Industrial.
  • Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 44.04% in 2022, followed by Europe, Middle East & Africa.
Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Paints & Coatings Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Paints & Coatings Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Paints & Coatings Market, highlighting leading vendors and their innovative profiles. These include Akzo Nobel N.V., Asian Paints Limited, Axalta Coating Systems Ltd., BASF SE, Benjamin Moore & Co., Berger Paints Ltd., Chongqing Sanxia Paints Co., Ltd., DAW SE, Diamond Vogel Paint Company, DuPont de Nemours, Inc., H.B. Fuller Company, Hempel A/S, Henkel AG & Co. KGaA, HUELSEMANN Coatings GmbH, Indigo Paints Ltd., Jotun A/S, Kansai Paint Co.,Ltd., Kelly-Moore Paints, Masco Corporation, Nippon Paint Holdings Co., Ltd., Omega Industries, PPG Industries, Inc., RPM International Inc., S&B Finishing Co. Inc., Shalimar Paints, SKK(S) Pte. Ltd., The Sherwin-Williams Company, Tiger Coatings GmbH & Co. KG, Tikkurila Oyj, and Vista Paint Corporation.

The report offers valuable insights on the following aspects:
  1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
  2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
  3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
  4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
  5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
  1. What is the market size and forecast for the Paints & Coatings Market?
  2. Which products, segments, applications, and areas hold the highest investment potential in the Paints & Coatings Market?
  3. What is the competitive strategic window for identifying opportunities in the Paints & Coatings Market?
  4. What are the latest technology trends and regulatory frameworks in the Paints & Coatings Market?
  5. What is the market share of the leading vendors in the Paints & Coatings Market?
  6. Which modes and strategic moves are suitable for entering the Paints & Coatings Market?


Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Paints & Coatings Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing Adoption in Automotive and Construction Industries
5.1.1.2. Demand for VOC Free Paint & Coatings due to Strict Environment Regulations
5.1.1.3. Advancement in Paint & Coating Technology
5.1.1.4. Demand for Water-Based Coatings
5.1.2. Restraints
5.1.2.1. Chemical Based Paints & Coatings Responsible for Environmental Hazards
5.1.2.2. Limitation of Powder Coating such as Need for Specialized Equipment for Application of Paints
5.1.3. Opportunities
5.1.3.1. Digital Transformation in the Paint & Coatings Market
5.1.3.2. Innovation and New Technology in Marine Coating
5.1.4. Challenges
5.1.4.1. More Electricity Consumption in Wet Paint and More Waste Generated Due to Overspray
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. Paints & Coatings Market, by Product
6.1. Introduction
6.2. Powder
6.3. Solvent Based
6.4. Water Based
7. Paints & Coatings Market, by Resin Type
7.1. Introduction
7.2. Acrylic
7.3. Alkyd
7.4. Epoxy
7.5. Polyester
7.6. Polyurethane
8. Paints & Coatings Market, by End-User
8.1. Introduction
8.2. Architectural
8.3.1. Non-residential
8.3.2. Residential
8.3.3.1. New Construction
8.3.3.2. Remodel & Repaint
8.3. Industrial
8.4.1. Aerospace
8.4.2. Automotive
8.4.3. General Industrial
8.4.4. Marine
8.4.5. Packaging
8.4.6. Rail
9. Americas Paints & Coatings Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Paints & Coatings Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Paints & Coatings Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. Merger & Acquisition
12.3.1.1. Kansai Helios Completed Its Acquisition of CWS to Increase its Market Position in the Field of Powder Coatings and Synthetic Resins
12.3.1.2. JK Cement Arm Acquires 60% Stake Paint Firm Acro Paints Ltd.
12.3.2. Agreement, Collaboration, & Partnership
12.3.2.1. Sirca Paints Signs Exclusive India Distribution Agreement with OIKOS
12.3.2.2. AkzoNobel Announces Partnership with Lincoln Tech
12.3.3. New Product Launch & Enhancement
12.3.3.1. Dow Launches New Digital Coatings Formulation Platform: Paint Vision
12.3.3.2. Evonik Launches New TEGO Flow 380 Leveling Agent for High-Quality Automotive Clear Coatings
12.3.3.3. Tnemec Announces New Product Launch – Series 975 Aerolon
12.3.4. Investment & Funding
12.3.4.1. Asian Paints to Invest INR 2,000 Crore to Set Up Water-Based Paint Manufacturing Facility
12.3.4.2. ACTEGA Invests USD 5 Million to Automate and Expand Capabilities at New Jersey Facility
12.3.5. Award, Recognition, & Expansion
12.3.5.1. Azelis Expands Partnership with Sun Chemical to France and Benelux
12.3.5.2. New Technical Center of BASF Shanghai Coatings Opens
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. Akzo Nobel N.V.
13.1.2. Asian Paints Limited
13.1.3. Axalta Coating Systems Ltd.
13.1.4. BASF SE
13.1.5. Benjamin Moore & Co.
13.1.6. Berger Paints Ltd.
13.1.7. Chongqing Sanxia Paints Co., Ltd.
13.1.8. DAW SE
13.1.9. Diamond Vogel Paint Company
13.1.10. DuPont de Nemours, Inc.
13.1.11. H.B. Fuller Company
13.1.12. Hempel A/S
13.1.13. Henkel AG & Co. KGaA
13.1.14. HUELSEMANN Coatings GmbH
13.1.15. Indigo Paints Ltd.
13.1.16. Jotun A/S
13.1.17. Kansai Paint Co.,Ltd.
13.1.18. Kelly-Moore Paints
13.1.19. Masco Corporation
13.1.20. Nippon Paint Holdings Co., Ltd.
13.1.21. Omega Industries
13.1.22. PPG Industries, Inc.
13.1.23. RPM International Inc.
13.1.24. S&B Finishing Co. Inc.
13.1.25. Shalimar Paints
13.1.26. SKK(S) Pte. Ltd.
13.1.27. The Sherwin-Williams Company
13.1.28. Tiger Coatings GmbH & Co. KG
13.1.29. Tikkurila Oyj
13.1.30. Vista Paint Corporation
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing

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