Paints and Coatings Market by Product Type, Distribution Channel, End User 2024-2032
                     Global Paints and 
Coatings Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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i ts  c l ients ’  bus iness pr ior i t ies  and del iver ing ta i lored solut ions that  dr ive meaningfu l  outcomes.  Our 
c l ient  base spans over  3,000 organizat ions in  the pr ivate,  publ ic ,  and soc ia l  sectors ,  ranging f rom 
high-growth s tar tups to For tune 500 companies.
We prov ide a comprehensive sui te of  market  entry  and expansion serv ices.  Our of fer ings inc lude 
thorough market  assessment ,  feas ib i l i ty  s tudies,  company incorporat ion ass is tance,  fac tory  setup 
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compet i t ive landscape and benchmark ing analyses,  pr ic ing and cost  research,  and procurement  
research.  These serv ices are des igned to ass is t  companies in  evaluat ing market  oppor tuni t ies ,  
set t ing up new ent i t ies ,  navigat ing regulatory landscapes,  boost ing brand v is ib i l i ty ,  analyz ing 
compet i tors,  and opt imiz ing procurement  s t rategies.
A cc o r d i ng  t o  t h e  l a t e s t  r e po r t  b y  IM A R C  Gr o u p ,  t i t l e d  " P a in t s  a n d  C o a t i n g s  Ma r k e t :  
G l o b a l  I n d u s t r y  T r e n d s ,  S h a r e ,  S i z e ,  Gr o w th ,  O p p o r t u n i t y  a n d  F o r e c as t  2 0 2 4 -
20 3 2 , "  t h e  g l o b a l  p a i n t s  an d  c oa t i n g s  m a r ke t  s i z e  r e a c h ed  U S $  1 7 7 . 4  B i l l i o n  i n  2 0 2 3 .
Fac tors  A f fec t ing  the  Growth  o f  t he  Pa int s  and Coat ings  Indus t ry :
Report Technolog ica l  Advancement s  and  Innovat ion :T he  p a i n t s  a nd  c o a t i n g s  i n du s t r y  ha s  w i t n e ss e d  s i g n i f i ca n t  g ro w t h  d ue  t o  c on t i n u ou s  
t ec h n o l o g i c a l  a d v an c e m en t s  a n d  i n n o v a t i on .  Ma n u f ac t u r e rs  a r e  c o n s ta n t l y  d e v e l o p i n g  
Highlight and ne w  f o r m u l a t i o n s  a n d  t e c hn o l o g i e s  to  me e t  e v o l v i n g  co n s u me r  n e e ds ,  en h a n ce  p r o d u c t  pe r f o r ma n c e ,  a nd  c o m p l y  w i t h  r e g u l a t o r y  r e q u i re m en t s .  O n e  n o t a b l e  t r e n d  i s  t h e  s h i f t  
t ow a r d s  e co - f r i e nd l y  a n d  s u s t a i n a b l e  co a t i n gs ,  d r i v en  b y  i n c r e a s i n g  e n v i ro n m e n t a l  
Description co n c e r ns  a n d  s t r i n g en t  r eg u l a t i o ns .
W a t e r -b a s e d  p a i n t s ,  l o w - V O C  ( v o l a t i l e  o r g a n i c  c om p o u nd )  co a t i n gs ,  an d  p o w d e r  
co a t i n g s  a r e  g a i n i n g  p op u l a r i t y  d u e  t o  t h e i r  r e d uc e d  en v i r o nm e n t a l  i m p ac t  a n d  
i mp r o v ed  sa f e t y  p ro f i l e .  A d d i t i on a l l y ,  a d va n c e me n t s  i n  n a n o te c h n o l og y  h a v e  l e d  t o  t h e  
de v e l o p me n t  o f  c o a t i n g s  w i th  e n h a nc e d  p ro p e r t i es  s u c h  a s  s e l f - h e a l i ng ,  a n t i m i c r o b i a l ,  
an d  s u p e r h y d r o ph o b i c  ca p a b i l i t i e s ,  e x pa n d i n g  th e  a p p l i c a t i o n  sc o p e  a c r o s s  v a r i o us  
i n d us t r i e s  i n c l u d i n g  a u to m o t i v e ,  c o ns t r u c t i o n ,  an d  a e ro s p a ce .
Growing Const ruct ion  and In f rast ructure Development :
The  pa in t s  and  coa t i ngs  indus t ry  i s  c l ose l y  l i nked  to  the  cons t ruc t ion  and 
in f ras t ruc tu re  sec to rs ,  wh ich  p lay  a  c ruc ia l  ro le  in  d r i v ing  i t s  g rowt h .  Rap id  
u rban iza t ion ,  popu la t ion  g rowt h ,  and  i nc reas ing  d isposab le  income leve l s  have  
spu r red  demand  fo r  res iden t ia l ,  commerc ia l ,  and  indus t r ia l  cons t ruc t ion  p ro jec ts  
wor ldw ide .  
Report Emerg ing  economies ,  par t i cu la r l y  i n  As ia -Pac i f i c  and  La t i n  Amer ica ,  a re  
w i tness ing  robus t  cons t ruc t ion  ac t i v i t i es  f ue led  by  i n f ras t ruc t u re  deve lopm en t  
Highlight and i n i t i a t i ves  and  u rban  renewa l  p ro jec ts .  As  a  resu l t ,  t here  i s  a  g row ing  demand  fo r  
pa in t s  and coat ings  to  p ro tec t  and  decora t e  bu i ld ings ,  b r idges ,  roads ,  and  o t he r  
in f ras t ruc tu re  asse ts .  Moreover ,  renovat i on  and re f u rb ishment  p ro jec t s  f u r the r  
Description con t r ibu te  to  marke t  g rowt h  as  consumers  seek  to  ma in t a in  and  enhance  the  
aes the t i cs  and durab i l i t y  o f  ex is t ing  s t ruc t u res .
Expanding Automot ive and Transporta t ion  Sector:
The  au tomot i ve  and  t ranspor ta t ion  sec t o r  i s  a  ma jor  consumer  o f  pa in t s  and 
coa t ings ,  d r i v ing  demand  t h rough veh ic le  p roduc t ion ,  ma in tenance ,  and  
a f te rmarke t  serv i ces .  W i th  r i s i ng  veh ic le  ownersh ip  and demand  fo r  passenger  
and  commerc ia l  veh ic les  g loba l l y ,  t he  au t omot i ve  indus t ry  con t inues  to  be  a  key  
g rowt h  d r i ver  f o r  t he  pa in t s  and coa t ings  marke t .
Manufac tu re rs  a re  focus ing  on  deve lop ing  coa t ings  tha t  o f fe r  super io r  
pe r fo rmance  in  te rms o f  co r ros ion  res is tance ,  scra tch  res is tance ,  co lo r  
re ten t ion ,  and  durab i l i t y  t o  meet  the  s t r ingen t  requ i rements  o f  au tomot ive  
OEMs (o r ig ina l  equ ipmen t  manu fac tu re rs )  and  end-users .  Add i t iona l ly ,  t he  
sh i f t  t owards  e lec t r i c  veh ic les  (EVs)  and  au tonomous  veh ic les  p resen ts  new 
oppo r tun i t i es  fo r  coa t ings  innova t ion ,  pa r t i cu la r ly  in  the  a reas  o f  l i gh twe igh t  
Report mater ia ls  and  the rma l  managemen t  coa t ings  to  enhance  e f f i c iency  and  per fo rmance .
Highlight and Request  for  a  PDF sample  o f  th is  repor t :  
h t tps : / /www. imarcgroup .com/pa in ts -coa t ings-marke t / reques tsamp le
Description
Report Description
Global  Paints and Coatings Market Trends:
The g lobal  market  is  pr imar i ly  dr iven by the r is ing d isposable  income leve ls  in  deve loping economies ,  
which contr ibute to increased spending on home renovat ion,  remodel ing,  and in ter ior  decorat ion.  
Addi t iona l ly ,  the increas ing focus on main tenance and repai r  act iv i t ies  across indust r ies ,  dr iven by the 
need to extend asset  l i fecyc les  and opt imize operat ional  ef f ic iency,  is  s t imulat ing market  growth.
Moreover ,  rap id urbanizat ion and in f rast ruc ture deve lopment  pro jec ts  in  emerg ing economies s t imulate  
demand for  archi tectura l  coat ings  for  res ident ia l ,  commerc ia l ,  and pub l ic  in f rast ruc ture,  fuel ing  market  
growth.  Fur thermore,  ongoing innovat ions in  the automot ive indust ry ,  such as e lec t r ic  vehic les and 
autonomous dr iv ing technolog ies ,  dr ive  the need for  advanced coat ings o f fer ing e lec t r ica l  insula t ion,  
thermal  management ,  and sensor compat ib i l i ty ,  prope l l ing market  growth.
View Report  TOC, Figures and Tables :  ht tps: / /www.imarcgroup.com/paints-coatings-market
Breakup by Product:
• Waterborne Coatings
• Solvent-borne Coatings
• Powder Coatings
• High Sol ids/Radiat ion Cur ing
• Others
Report Breakup by Material:
• Acryl ic
Segmentation • Alkyd
• Polyurethane
• Epoxy
• Polyester
• Others
Breakup by Application:
• Architectural  and Decorat ive
• Non-Architectural
o Automotive and Transportat ion
o Wood
o General  Industr ia l
o Marine
o Protect ive
o Others
Report 
Segmentation Breakup by Region:
• North America
• Asia-Pacifi c
• Europe
• Lat in America
• Middle East  and Afr ica
• Akzo Nobel N.V.
• Asian Paints Ltd.
• Axalta Coating Systems Ltd.
• Berger Paints India Limited
Competitive 
• Indigo Paints Limited
Landscape • Jotun A/S
with Key • Kansai Paint Co. Ltd.
• National Paints Factories Co. Ltd.
Players • PPG Industr ies Inc.
• RPM International Inc.
• The Sherwin-Wil l iams Company
• Tiger Coatings GmbH & Co. KG
What was the size of the global paints and coatings 
market in 2023?
What is the expected growth rate of the global paints 
and coatings market during 2024-2032?
What are the key factors driving the global paints and 
coatings market?
Key 
What has been the impact of COVID-19 on the global 
Questions paints and coatings market?
Answered in What is the breakup of the global paints and coatings market based on the product?
the Report What is the breakup of the global paints and coatings 
market based on the material?
What is the breakup of the global paints and coatings 
market based on the application?
What are the key regions in the global paints and 
coatings market?
Who are the key players/companies in the global paints 
and coatings market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  P a i n t s  a n d  C o a t i n g s  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  P r o d u c t
    6 . 1     W a t e r b o r n e  C o a t i n g s
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     S o l v e n t - b o r n e  C o a t i n g s
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     P o w d e r  C o a t i n g s
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
       
    6 . 4     H i g h  S o l i d s / R a d i a t i o n  C u r i n g
        6 . 4 . 1  M a r k e t  T r e n d s
        6 . 4 . 2  M a r k e t  F o r e c a s t
    6 . 5     O t h e r s
        6 . 5 . 1  M a r k e t  T r e n d s
        6 . 5 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  M a t e r i a l
    7 . 1     A c r y l i c
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     A l k y d
Table of         7 . 2 . 1  M a r k e t  T r e n d s        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     P o l y u r e t h a n e
        7 . 3 . 1  M a r k e t  T r e n d s
Contents         7 . 3 . 2  M a r k e t  F o r e c a s t
    7 . 4     E p o x y
        7 . 4 . 1  M a r k e t  T r e n d s
        7 . 4 . 2  M a r k e t  F o r e c a s t
    7 . 5     P o l y e s t e r
        7 . 5 . 1  M a r k e t  T r e n d s
        7 . 5 . 2  M a r k e t  F o r e c a s t
    7 . 6     O t h e r s
        7 . 6 . 1  M a r k e t  T r e n d s
        7 . 6 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  A p p l i c a t i o n
    8 . 1     A r c h i t e c t u r a l  a n d  D e c o r a t i v e
        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
ht t ps : / /w ww. i ma rc gro up . c o m /p a in t s - c o a t i n gs -m a rke t / t o c
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