Paints and Coatings Market by Resin Type, Technology, Application, and Geography - Forecast and Analysis 2021-2025
- Published: Oct 2021
- Pages: 120
- SKU: IRTNTR40247
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The paints and coatings market share is expected to increase by USD 39.68 billion from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.82%.
This paints and coatings market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by technology (water-based, solvent-based, and others), resin type (acrylic resins, epoxy resins, polyurethane resins, alkyd resins, and others), application (industrial and architectural), and geography (APAC, Europe, North America, MEA, and South America). The paints and coatings market report also offers information on several market vendors, including 3M Co., Akzo Nobel NV, BASF SE, Henkel AG and Co. KGaA, Jotun AS, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, and The Sherwin-Williams Co. among others.
What will the Paints and Coatings Market Size be in 2021?
Download the Free Report Sample to Unlock the Paints and Coatings Market Size for 2021 and Other Important Statistics
Paints and Coatings Market: Key Drivers and Trends
The growth of the global automotive industry is notably driving the paints and coatings market growth, although factors such as volatility in raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the paints and coatings industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
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This paints and coatings market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Paints and Coatings Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- 3M Co.
- Akzo Nobel NV
- BASF SE
- Henkel AG and Co. KGaA
- Jotun AS
- Nippon Paint Holdings Co. Ltd.
- PPG Industries Inc.
- RPM International Inc.
- Sika AG
- The Sherwin-Williams Co.
This statistical study of the paints and coatings market encompasses successful business strategies deployed by the key vendors. The paints and coatings market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The paints and coatings market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Paints and Coatings Market?
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54% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for paints and coatings in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
The growth in industries, such as construction, automotive, and aerospace and defense will facilitate the paints and coatings market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Technology Segments in the Paints and Coatings Market?
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The paints and coatings market share growth by the water-based segment will be significant during the forecast period. Water-based paints have a low content of volatile organic compounds. Therefore, they are predominantly used in developed countries, such as the US, Germany, the UK, and France, for coating purposes in the automotive and architecture industries.
This report provides an accurate prediction of the contribution of all the segments to the growth of the paints and coatings market size and actionable market insights on post COVID-19 impact on each segment.
Paints and Coatings Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.82% |
Market growth 2021-2025 |
$ 39.68 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.51 |
Regional analysis |
APAC, Europe, North America, MEA, and South America |
Performing market contribution |
APAC at 54% |
Key consumer countries |
China, US, India, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Companies profiled |
3M Co., Akzo Nobel NV, BASF SE, Henkel AG and Co. KGaA, Jotun AS, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, and The Sherwin-Williams Co. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Factors Covered in this Paints and Coatings Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive paints & coatings market growth during the next five years
- Precise estimation of the paints & coatings market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the paints and coatings industry across APAC, Europe, North America, MEA, and South America
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of paints and coatings market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Industrial - Market size and forecast 2020-2025
- Architectural - Market size and forecast 2020-2025
- Market opportunity by Application
Market Segmentation by Technology
- Market segments
- Comparison by Technology
- Water-based - Market size and forecast 2020-2025
- Solvent-based - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Technology
Market Segmentation by Resin type
- Market segments
- Comparison by Resin type
- Acrylic resins - Market size and forecast 2020-2025
- Epoxy resins - Market size and forecast 2020-2025
- Polyurethane resins - Market size and forecast 2020-2025
- Alkyd resins - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Resin type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 3M Co.
- Akzo Nobel NV
- BASF SE
- Henkel AG and Co. KGaA
- Jotun AS
- Nippon Paint Holdings Co. Ltd.
- PPG Industries Inc.
- RPM International Inc.
- Sika AG
- The Sherwin-Williams Co.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- China
- US
- India
- Germany
- France
- Growth in the real estate and construction industry
- Growing adoption of UV-curable coatings
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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