Market Overview

The Global Paints & Coatings Market was valued at USD 198,798.0 million in 2023 and is expected to reach USD 257,759.4 million by 2031 while growing at a CAGR of 3.3% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global paints & coatings market growth. Paints and coatings, applied for both decorative and protective purposes, serve various functions. They enhance the aesthetic appeal of objects, protect surfaces from environmental factors like corrosion and weathering, and offer additional functionalities such as insulation or conductivity. The paints and coatings industry produces a diverse range of products tailored for various applications.

Increasing construction and infrastructure development, coupled with ongoing research and development in coatings technology, are driving the paints & coatings market. Nevertheless, challenges such as environmental regulations, sustainability concerns, and fluctuating raw material prices could hinder its expansion.

Furthermore, the global paints & coatings industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Resin Analysis

The Global Paints & Coatings Market is segmented among Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types, based on Resin. In 2023, Acrylic accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Technology Analysis

The Global Paints & Coatings Market is segmented among Water-borne, Solvent-borne, Powder Coating, and UV-cured Coating, based on Technology. In 2023, Water-borne accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Paints & Coatings Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Akzo Nobel NV, Asian Paints, Axalta, BASF SE, Beckers Group, Benjamin Moore & Co., Berger Paints India Limited, Chugoku Marine Paints Ltd, DAW SE, and Hempel AS.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Paints & Coatings Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Paints & Coatings Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Paints & Coatings Market Segmentation, By Resin 

• Global Paints & Coatings Market Share Analysis, By Resin 

• Global Paints & Coatings Market Growth Analysis, By Resin 

• Global Paints & Coatings Market Trends, By Resin 

o Acrylic

o Alkyd

o Polyurethane

o Epoxy

o Polyester

o Other Resin Types

6. Global Paints & Coatings Market Segmentation, By Technology

• Global Paints & Coatings Market Share Analysis, By Technology

• Global Paints & Coatings Market Growth Analysis, By Technology

• Global Paints & Coatings Market Trends, By Technology

o Water-borne

o Solvent-borne

o Powder Coating

o UV-cured Coating

7. Global Paints & Coatings Market Segmentation, By End-user Industry

• Global Paints & Coatings Market Share Analysis, By End-user Industry

• Global Paints & Coatings Market Growth Analysis, By End-user Industry

• Global Paints & Coatings Market Trends, By End-user Industry

o Architectural

o Automotive

o Wood

o Protective Coating

o General Industrial

o Transportation

o Packaging

8. Global Paints & Coatings Market Segmentation, By Region

• Global Paints & Coatings Market Share Analysis, By Region

• Global Paints & Coatings Market Growth Analysis, By Region

• Global Paints & Coatings Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

9. Competitive Landscape

• Akzo Nobel NV*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Asian Paints

• Axalta

• BASF SE

• Beckers Group

• Benjamin Moore & Co.

• Berger Paints India Limited

• Chugoku Marine Paints Ltd

• DAW SE

• Hempel AS

 *Similar analysis will be provided for each company listed above.