The Pakistan Paints and Coatings Market size is expected to grow from USD 384.74 million in 2023 to USD 472.16 million by 2028, at a CAGR of 4.18% during the forecast period (2023-2028).
During the outbreak of the COVID-19 outbreak, there was a negative impact on the Pakistan paints and coatings market. The major reason for the decline in Pakistan's paints & coatings included a shortage of raw materials, disruption in the supply chain, and lower demand from professional architecture, automotive, and aerospace industries due to lockdown, travel restrictions, and halt in production.
All of the aforementioned factors are expected to drive demand for acrylic resin types, which will also boost demand for paints and coatings in Pakistan over the forecast period.
Paints and coatings are used in the interiors of houses to add color or for decorative purposes. They also perform a wide range of functions, which vary depending on the type of environment and room.
All of the aforementioned factors are expected to drive the architectural coatings market, which will boost demand for Pakistan paints and coatings during the forecast period.
The Pakistani paints and coatings market is partially consolidated, with only a few major players dominating the market. Some major companies (not in any particular order) are AkzoNobel, Berger Paints Pakistan Limited, Brighto Paints, Diamond Paints, Nippon Paint, and among others.
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