Paints and Coatings Market Size 2025-2029
The paints and coatings market size is forecast to increase by USD 42.05 billion at a CAGR of 4.3% between 2024 and 2029.
- The market is experiencing significant growth, driven primarily by the expanding real estate and construction industry. This sector's revival is fueling the demand for paints and coatings, particularly in emerging economies where infrastructure development is on the rise. Another key trend influencing the market is the increasing adoption of UV-curable coatings. These coatings offer advantages such as faster curing times and improved durability, making them a popular choice for various applications. However, the market also faces challenges, including stringent regulations on high emissions of Volatile Organic Compounds (VOCs). Compliance with these regulations necessitates the development of low-VOC and zero-VOC coatings, which can add to the production costs.
- Companies in the market must navigate these challenges while capitalizing on the opportunities presented by the growing industry and the shift towards UV-curable coatings. Effective strategic planning and operational flexibility will be crucial for market players to thrive in this dynamic landscape.
What will be the Size of the Paints And Coatings Market during the forecast period?
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1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Market Segmentation by Resin Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global Paints And Coatings Market 2019 - 2023
- Historic Market Size - Data Table on Global Paints And Coatings Market 2019 - 2023 ($ million)
- 5.2 Technology segment analysis 2019 - 2023
- Historic Market Size - Technology Segment 2019 - 2023 ($ million)
- 5.3 Resin Type segment analysis 2019 - 2023
- Historic Market Size - Resin Type Segment 2019 - 2023 ($ million)
- 5.4 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
- 5.5 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
- 6.1 The AI impact on Global Paints and Coatings Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Technology
- 8.1 Market segments
- Chart on Technology - Market share 2024-2029 (%)
- Data Table on Technology - Market share 2024-2029 (%)
- 8.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
- 8.3 Water-based - Market size and forecast 2024-2029
- Chart on Water-based - Market size and forecast 2024-2029 ($ million)
- Data Table on Water-based - Market size and forecast 2024-2029 ($ million)
- Chart on Water-based - Year-over-year growth 2024-2029 (%)
- Data Table on Water-based - Year-over-year growth 2024-2029 (%)
- 8.4 Solvent-based - Market size and forecast 2024-2029
- Chart on Solvent-based - Market size and forecast 2024-2029 ($ million)
- Data Table on Solvent-based - Market size and forecast 2024-2029 ($ million)
- Chart on Solvent-based - Year-over-year growth 2024-2029 (%)
- Data Table on Solvent-based - Year-over-year growth 2024-2029 (%)
- 8.5 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ million)
- Data Table on Others - Market size and forecast 2024-2029 ($ million)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 8.6 Market opportunity by Technology
- Market opportunity by Technology ($ million)
- Data Table on Market opportunity by Technology ($ million)
9 Market Segmentation by Resin Type
- 9.1 Market segments
- Chart on Resin Type - Market share 2024-2029 (%)
- Data Table on Resin Type - Market share 2024-2029 (%)
- 9.2 Comparison by Resin Type
- Chart on Comparison by Resin Type
- Data Table on Comparison by Resin Type
- 9.3 Acrylic resins - Market size and forecast 2024-2029
- Chart on Acrylic resins - Market size and forecast 2024-2029 ($ million)
- Data Table on Acrylic resins - Market size and forecast 2024-2029 ($ million)
- Chart on Acrylic resins - Year-over-year growth 2024-2029 (%)
- Data Table on Acrylic resins - Year-over-year growth 2024-2029 (%)
- 9.4 Epoxy resins - Market size and forecast 2024-2029
- Chart on Epoxy resins - Market size and forecast 2024-2029 ($ million)
- Data Table on Epoxy resins - Market size and forecast 2024-2029 ($ million)
- Chart on Epoxy resins - Year-over-year growth 2024-2029 (%)
- Data Table on Epoxy resins - Year-over-year growth 2024-2029 (%)
- 9.5 Polyurethane resins - Market size and forecast 2024-2029
- Chart on Polyurethane resins - Market size and forecast 2024-2029 ($ million)
- Data Table on Polyurethane resins - Market size and forecast 2024-2029 ($ million)
- Chart on Polyurethane resins - Year-over-year growth 2024-2029 (%)
- Data Table on Polyurethane resins - Year-over-year growth 2024-2029 (%)
- 9.6 Alkyd resins - Market size and forecast 2024-2029
- Chart on Alkyd resins - Market size and forecast 2024-2029 ($ million)
- Data Table on Alkyd resins - Market size and forecast 2024-2029 ($ million)
- Chart on Alkyd resins - Year-over-year growth 2024-2029 (%)
- Data Table on Alkyd resins - Year-over-year growth 2024-2029 (%)
- 9.7 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ million)
- Data Table on Others - Market size and forecast 2024-2029 ($ million)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 9.8 Market opportunity by Resin Type
- Market opportunity by Resin Type ($ million)
- Data Table on Market opportunity by Resin Type ($ million)
10 Market Segmentation by End-user Industry
- 10.1 Market segments
- Chart on End-user Industry - Market share (2024-2029) (%)
- Data Table on End-user Industry - Market share (2024-2029) (%)
- Market opportunity by $segment_name ($ million)
- Data Table on Market opportunity by $segment_name ($ million)
- 10.2 Comparison by End-user Industry
- Chart on Comparison by End-user Industry
- Data Table on Comparison by End-user Industry
- 10.3 Architectural - Market size and forecast (2024-2029)
- Chart on Architectural - Market size and forecast (2024-2029) ($ million)
- Data Table on Architectural - Market size and forecast (2024-2029) ($ million)
- Chart on Architectural - Year-over-year growth (2024-2029) (%)
- Data Table on Architectural - Year-over-year growth (2024-2029) (%)
- 10.4 Automotive - Market size and forecast (2024-2029)
- Chart on Automotive - Market size and forecast (2024-2029) ($ million)
- Data Table on Automotive - Market size and forecast (2024-2029) ($ million)
- Chart on Automotive - Year-over-year growth (2024-2029) (%)
- Data Table on Automotive - Year-over-year growth (2024-2029) (%)
- 10.5 Wood - Market size and forecast (2024-2029)
- Chart on Wood - Market size and forecast (2024-2029) ($ million)
- Data Table on Wood - Market size and forecast (2024-2029) ($ million)
- Chart on Wood - Year-over-year growth (2024-2029) (%)
- Data Table on Wood - Year-over-year growth (2024-2029) (%)
- 10.6 Protective Coatings - Market size and forecast (2024-2029)
- Chart on Protective Coatings - Market size and forecast (2024-2029) ($ million)
- Data Table on Protective Coatings - Market size and forecast (2024-2029) ($ million)
- Chart on Protective Coatings - Year-over-year growth (2024-2029) (%)
- Data Table on Protective Coatings - Year-over-year growth (2024-2029) (%)
- 10.7 General Industrial - Market size and forecast (2024-2029)
- Chart on General Industrial - Market size and forecast (2024-2029) ($ million)
- Data Table on General Industrial - Market size and forecast (2024-2029) ($ million)
- Chart on General Industrial - Year-over-year growth (2024-2029) (%)
- Data Table on General Industrial - Year-over-year growth (2024-2029) (%)
- 10.8 Transportation - Market size and forecast (2024-2029)
- Chart on Transportation - Market size and forecast (2024-2029) ($ million)
- Data Table on Transportation - Market size and forecast (2024-2029) ($ million)
- Chart on Transportation - Year-over-year growth (2024-2029) (%)
- Data Table on Transportation - Year-over-year growth (2024-2029) (%)
- 10.9 Packaging Coatings - Market size and forecast (2024-2029)
- Chart on Packaging Coatings - Market size and forecast (2024-2029) ($ million)
- Data Table on Packaging Coatings - Market size and forecast (2024-2029) ($ million)
- Chart on Packaging Coatings - Year-over-year growth (2024-2029) (%)
- Data Table on Packaging Coatings - Year-over-year growth (2024-2029) (%)
11 Market Segmentation by Product
- 11.1 Market segments
- Chart on Product - Market share (2024-2029) (%)
- Data Table on Product - Market share (2024-2029) (%)
- 11.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 11.3 Radiation Cured Coatings - Market size and forecast (2024-2029)
- Chart on Radiation Cured Coatings - Market size and forecast (2024-2029) ($ million)
- Data Table on Radiation Cured Coatings - Market size and forecast (2024-2029) ($ million)
- Chart on Radiation Cured Coatings - Year-over-year growth (2024-2029) (%)
- Data Table on Radiation Cured Coatings - Year-over-year growth (2024-2029) (%)
- 11.4 Powder Coatings - Market size and forecast (2024-2029)
- Chart on Powder Coatings - Market size and forecast (2024-2029) ($ million)
- Data Table on Powder Coatings - Market size and forecast (2024-2029) ($ million)
- Chart on Powder Coatings - Year-over-year growth (2024-2029) (%)
- Data Table on Powder Coatings - Year-over-year growth (2024-2029) (%)
- 11.5 Waterborne Coatings - Market size and forecast (2024-2029)
- Chart on Waterborne Coatings - Market size and forecast (2024-2029) ($ million)
- Data Table on Waterborne Coatings - Market size and forecast (2024-2029) ($ million)
- Chart on Waterborne Coatings - Year-over-year growth (2024-2029) (%)
- Data Table on Waterborne Coatings - Year-over-year growth (2024-2029) (%)
- 11.6 Solvent-Borne Coatings - Market size and forecast (2024-2029)
- Chart on Solvent-Borne Coatings - Market size and forecast (2024-2029) ($ million)
- Data Table on Solvent-Borne Coatings - Market size and forecast (2024-2029) ($ million)
- Chart on Solvent-Borne Coatings - Year-over-year growth (2024-2029) (%)
- Data Table on Solvent-Borne Coatings - Year-over-year growth (2024-2029) (%)
- 11.7 Market opportunity by Product
- Market opportunity by $segment_name ($ million)
- Data Table on Market opportunity by $segment_name ($ million)
12 Customer Landscape
- 12.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
13 Geographic Landscape
- 13.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 13.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 13.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- 13.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 13.5 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 13.6 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- 13.7 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- 13.8 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 13.9 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 13.10 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 13.11 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 13.12 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 13.13 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 13.14 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ million)
- Data Table on Australia - Market size and forecast 2024-2029 ($ million)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
- 13.15 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 13.16 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 13.17 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ million)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 13.18 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
14 Drivers, Challenges, and Opportunity/Restraints
- 14.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 14.4 Market opportunities/restraints
15 Competitive Landscape
- 15.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 15.3 Landscape disruption
- Overview on factors of disruption
- 15.4 Industry risks
- Impact of key risks on business
16 Competitive Analysis
- 16.2 Company ranking index
- 16.3 Market positioning of companies
- Matrix on companies position and classification
- 16.4 Akzo Nobel NV
- Akzo Nobel NV - Overview
- Akzo Nobel NV - Business segments
- Akzo Nobel NV - Key news
- Akzo Nobel NV - Key offerings
- Akzo Nobel NV - Segment focus
- SWOT
- 16.5 Asian Paints Ltd.
- Asian Paints Ltd. - Overview
- Asian Paints Ltd. - Business segments
- Asian Paints Ltd. - Key offerings
- Asian Paints Ltd. - Segment focus
- SWOT
- 16.6 Axalta Coating Systems Ltd.
- Axalta Coating Systems Ltd. - Overview
- Axalta Coating Systems Ltd. - Business segments
- Axalta Coating Systems Ltd. - Key news
- Axalta Coating Systems Ltd. - Key offerings
- Axalta Coating Systems Ltd. - Segment focus
- SWOT
- 16.7 Benjamin Moore and Co.
- Benjamin Moore and Co. - Overview
- Benjamin Moore and Co. - Product / Service
- Benjamin Moore and Co. - Key offerings
- SWOT
- 16.8 Berger Paints India Ltd
- Berger Paints India Ltd - Overview
- Berger Paints India Ltd - Product / Service
- Berger Paints India Ltd - Key offerings
- SWOT
- 16.9 Dunn Edwards Corp.
- Dunn Edwards Corp. - Overview
- Dunn Edwards Corp. - Product / Service
- Dunn Edwards Corp. - Key offerings
- SWOT
- 16.10 Hempel AS
- Hempel AS - Overview
- Hempel AS - Product / Service
- Hempel AS - Key offerings
- SWOT
- 16.11 Jotun AS
- Jotun AS - Overview
- Jotun AS - Product / Service
- Jotun AS - Key offerings
- SWOT
- 16.12 Kansai Paint Co. Ltd.
- Kansai Paint Co. Ltd. - Overview
- Kansai Paint Co. Ltd. - Business segments
- Kansai Paint Co. Ltd. - Key news
- Kansai Paint Co. Ltd. - Key offerings
- Kansai Paint Co. Ltd. - Segment focus
- SWOT
- 16.13 Masco Corp.
- Masco Corp. - Overview
- Masco Corp. - Business segments
- Masco Corp. - Key news
- Masco Corp. - Key offerings
- Masco Corp. - Segment focus
- SWOT
- 16.14 Nippon Paint Holdings Co. Ltd.
- Nippon Paint Holdings Co. Ltd. - Overview
- Nippon Paint Holdings Co. Ltd. - Business segments
- Nippon Paint Holdings Co. Ltd. - Key news
- Nippon Paint Holdings Co. Ltd. - Key offerings
- Nippon Paint Holdings Co. Ltd. - Segment focus
- SWOT
- 16.15 PPG Industries Inc.
- PPG Industries Inc. - Overview
- PPG Industries Inc. - Business segments
- PPG Industries Inc. - Key news
- PPG Industries Inc. - Key offerings
- PPG Industries Inc. - Segment focus
- SWOT
- 16.16 RPM International Inc.
- RPM International Inc. - Overview
- RPM International Inc. - Business segments
- RPM International Inc. - Key news
- RPM International Inc. - Key offerings
- RPM International Inc. - Segment focus
- SWOT
- 16.17 Sika AG
- Sika AG - Overview
- Sika AG - Business segments
- Sika AG - Key news
- Sika AG - Key offerings
- Sika AG - Segment focus
- SWOT
- 16.18 The Sherwin Williams Co.
- The Sherwin Williams Co. - Overview
- The Sherwin Williams Co. - Business segments
- The Sherwin Williams Co. - Key news
- The Sherwin Williams Co. - Key offerings
- The Sherwin Williams Co. - Segment focus
- SWOT
17 Appendix
- 17.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 17.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 17.4 Research methodology
- 17.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 17.9 360 degree market analysis
- 360 degree market analysis
- 17.10 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
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