Global Paints and Coatings Market 2024-2028

Global Paints And Coatings Market 2024-2028

The paints and coatings market is forecasted to grow by USD 38.25 bn during 2023-2028, accelerating at a CAGR of 4.02% during the forecast period. The report on the paints and coatings market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing real estate and construction industry, availability of coatings designed to enhance fuel efficiency of automotive, and growing marine industry.

Technavio's paints and coatings market is segmented as below:

By Technology

• Water-based
• Solvent-based
• High-solid paints and others

By Resin Type

• Acrylic resins
• Epoxy resins
• Polyurethane resins
• Alkyd resins
• Others

By Geographical Landscape

• APAC
• Europe
• North America
• Middle East and Africa
• South America

This study identifies the growing adoption of UV-curable coatings as one of the prime reasons driving the paints and coatings market growth during the next few years. Also, implementation of solar reflective coatings and increasing focus on bio-based and eco-friendly products will lead to sizable demand in the market.

The report on the paints and coatings market covers the following areas:

• Paints and coatings market sizing
• Paints and coatings market forecast
• Paints and coatings market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading paints and coatings market vendors that include Akzo Nobel NV, Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Benjamin Moore and Co., Berger Paints India Ltd., Diamond Vogel, Dow Chemical Co., Dunn Edwards Corp., H.B. Fuller Co., Hempel AS, Jotun AS, Kansai Paint Co. Ltd., Masco Corp., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., The Sherwin Williams Co., Sika AG, and Wacker Chemie AG. Also, the paints and coatings market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.