List of Contents

Paints and Coatings Market Size, Share, and Trends 2024 to 2034

The global paints and coatings market size is calculated at USD 193.91 billion in 2025 and is forecasted to reach around USD 282.45 billion by 2034, accelerating at a CAGR of 4.27% from 2025 to 2034. The Asia Pacific market size surpassed USD 74.36 billion in 2024 and is expanding at a CAGR of 4.40% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1157
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. DataSources

2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Paints and Coatings Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Paints and Coatings Market

5.1. Covid-19: Paints and Coatings Industry Impact

5.2. Paints and Coatings Business Impact Assessment: Covid-19

5.2.1. Supply Chain Challenges/Disruption

5.2.2. Market Trends and Paints and Coatings Opportunities in the COVID-19 Landscape

5.3. Strategic Measures against Covid-19

5.3.1. Government Support and Initiative to Combat Covid-19

5.3.2. Proposal for Paints and Coatings Manufacturers to deal with Covid-19 Pandemic Scenario

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Global Paints and Coatings Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.1.1. Paints and Coatings MarketRevenue (USD Million) by Manufacturer

7.1.1.2. Paints and Coatings MarketRevenue (USD Million) Market Share by Manufacturer

7.1.1.3. Paints and Coatings MarketProduction (tons) by Manufacturer

7.1.1.4. Paints and Coatings MarketProduction (tons) Share by Manufacturer

7.1.2. Key Organic/Inorganic Strategies Adopted by Players

7.1.2.1. Product Portfolio Expansion, Capacity Expansion, Product Innovation

7.1.2.2. Merger and Acquisition, Collaboration and Partnerships

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Paints and Coatings Market, By Product Type

8.1. Paints and Coatings Market, by Product Type

8.1.1. Polyester

8.1.1.1. Market Revenue (USD Million) and Forecast 

8.1.1.2. Market Production (tons) and Forecast 

8.1.2. Acrylic

8.1.2.1. Market Revenue (USD Million) and Forecast 

8.1.2.2. Market Production (tons) and Forecast 

8.1.3. Alkyd

8.1.3.1. Market Revenue (USD Million) and Forecast 

8.1.3.2. Market Production (tons) and Forecast 

8.1.4. Epoxy

8.1.4.1. Market Revenue (USD Million) and Forecast 

8.1.4.2. Market Production (tons) and Forecast 

8.1.5. Polyurethane

8.1.5.1. Market Revenue (USD Million) and Forecast 

8.1.5.2. Market Production (tons) and Forecast 

Chapter 9. Global Paints and Coatings Market, By Application

9.1. Paints and Coatings Market, by Application

9.1.1. Solvent-borne Coatings

9.1.1.1. Market Revenue (USD Million) and Forecast 

9.1.1.2. Market Consumption (tons) and Forecast 

9.1.2. Waterborne Coatings

9.1.2.1. Market Revenue (USD Million) and Forecast 

9.1.2.2. Market Consumption (tons) and Forecast 

9.1.3. Powder Coatings

9.1.3.1. Market Revenue (USD Million) and Forecast 

9.1.3.2. Market Consumption (tons) and Forecast 

9.1.4. High Solids/Radiation Curing

9.1.4.1. Market Revenue (USD Million) and Forecast 

9.1.4.2. Market Consumption (tons) and Forecast 

9.1.5. Others (Specialty Coatings)

9.1.5.1. Market Revenue (USD Million) and Forecast 

9.1.5.2. Market Consumption (tons) and Forecast 

Chapter 10. Global Paints and Coatings Market, By End-User

10.1. Paints and Coatings Market, by End-User

10.1.1. Non-Architectural

10.1.1.1. Market Revenue (USD Million) and Forecast 

10.1.1.2. Market Consumption (tons) and Forecast 

10.1.2. Architectural & Decorative

10.1.2.1. Market Revenue (USD Million) and Forecast 

10.1.2.2. Market Consumption (tons) and Forecast 

Chapter 11. Global Paints and Coatings Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue (USD Million) and Production (tons) Forecast by Product 

11.1.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application 

11.1.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User 

11.1.4. U.S

11.1.4.1. Market Revenue (USD Million) and Production (tons) Forecast 

11.1.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast 

11.1.5. Canada

11.1.5.1. Market Revenue (USD Million) and Production (tons) Forecast 

11.1.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast 

11.2. Europe

11.2.1. Market Revenue (USD Million) and Production (tons) Forecast by Product 

11.2.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application 

11.2.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User 

11.2.4. UK

11.2.4.1. Market Revenue (USD Million) and Production (tons) Forecast 

11.2.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast 

11.2.5. Germany

11.2.5.1. Market Revenue (USD Million) and Production (tons) Forecast 

11.2.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast 

11.2.6. France

11.2.6.1. Market Revenue (USD Million) and Production (tons) Forecast 

11.2.6.2. Market Revenue (USD Million) and Consumption (tons) Forecast 

11.2.7. Rest of EU

11.2.7.1. Market Revenue (USD Million) and Production (tons) Forecast 

11.2.7.2. Market Revenue (USD Million) and Consumption (tons) Forecast 

11.3. Asia Pacific (APAC)

11.3.1. Market Revenue (USD Million) and Production (tons) Forecast by Product 

11.3.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application 

11.3.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User 

11.3.4. China

11.3.4.1. Market Revenue (USD Million) and Production (tons) Forecast 

11.3.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast 

11.3.5. India

11.3.5.1. Market Revenue (USD Million) and Production (tons) Forecast 

11.3.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast 

11.3.6. Japan

11.3.6.1. Market Revenue (USD Million) and Production (tons) Forecast 

11.3.6.2. Market Revenue (USD Million) and Consumption (tons) Forecast 

11.3.7. Rest of APAC

11.3.7.1. Market Revenue (USD Million) and Production (tons) Forecast 

11.3.7.2. Market Revenue (USD Million) and Consumption (tons) Forecast 

11.4. LATAM

11.4.1. Market Revenue (USD Million) and Production (tons) Forecast by Product 

11.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application 

11.4.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User 

11.4.4. Brazil

11.4.4.1. Market Revenue (USD Million) and Production (tons) Forecast 

11.4.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast 

11.4.5. Rest of LATAM

11.4.5.1. Market Revenue (USD Million) and Production (tons) Forecast 

11.4.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast 

11.5. Middle East and Africa (MEA)

11.5.1. Market Revenue (USD Million) and Production (tons) Forecast by Product 

11.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application 

11.5.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User 

11.5.4. GCC

11.5.4.1. Market Revenue (USD Million) and Production (tons) Forecast 

11.5.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast 

11.5.5. North Africa

11.5.5.1. Market Revenue (USD Million) and Production (tons) Forecast 

11.5.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast 

11.5.6. South Africa

11.5.6.1. Market Revenue (USD Million) and Production (tons) Forecast 

11.5.6.2. Market Revenue (USD Million) and Consumption (tons) Forecast 

11.5.7. Rest of MEA

11.5.7.1. Market Revenue (USD Million) and Production (tons) Forecast 

11.5.7.2. Market Revenue (USD Million) and Consumption (tons) Forecast 

Chapter 12. Company Profiles

12.1. Akzo Nobel N.V.

12.1.1. Company Overview, Business Information, Manufacturing Area

12.1.2. Product Portfolio Analysis

12.1.2.1. Product Details, Specification, Application

12.1.3. Revenue (USD Million), Production Capacity, Price and Gross Margin

12.1.4. Recent Developments and Strategies

12.2. PPG Industries, Inc.

12.2.1. Company Overview, Business Information, Manufacturing Area

12.2.2. Product Portfolio Analysis

12.2.2.1. Product Details, Specification, Application

12.2.3. Revenue (USD Million), Production Capacity, Price and Gross Margin

12.2.4. Recent Developments and Strategies

12.3. The Sherwin-Williams Company

12.3.1. Company Overview, Business Information, Manufacturing Area

12.3.2. Product Portfolio Analysis

12.3.2.1. Product Details, Specification, Application

12.3.3. Revenue (USD Million), Production Capacity, Price and Gross Margin

12.3.4. Recent Developments and Strategies

12.4. Jotun

12.4.1. Company Overview, Business Information, Manufacturing Area

12.4.2. Product Portfolio Analysis

12.4.2.1. Product Details, Specification, Application

12.4.3. Revenue (USD Million), Production Capacity, Price and Gross Margin

12.4.4. Recent Developments and Strategies

12.5. Axalta Coating Systems, LLC

12.5.1. Company Overview, Business Information, Manufacturing Area

12.5.2. Product Portfolio Analysis

12.5.2.1. Product Details, Specification, Application

12.5.3. Revenue (USD Million), Production Capacity, Price and Gross Margin

12.5.4. Recent Developments and Strategies

12.6. RPM International Inc.

12.6.1. Company Overview, Business Information, Manufacturing Area

12.6.2. Product Portfolio Analysis

12.6.2.1. Product Details, Specification, Application

12.6.3. Revenue (USD Million), Production Capacity, Price and Gross Margin

12.6.4. Recent Developments and Strategies

12.7. Henkel AG & Company, KGaA

12.7.1. Company Overview, Business Information, Manufacturing Area

12.7.2. Product Portfolio Analysis

12.7.2.1. Product Details, Specification, Application

12.7.3. Revenue (USD Million), Production Capacity, Price and Gross Margin

12.7.4. Recent Developments and Strategies

12.8. BASF SE

12.8.1. Company Overview, Business Information, Manufacturing Area

12.8.2. Product Portfolio Analysis

12.8.2.1. Product Details, Specification, Application

12.8.3. Revenue (USD Million), Production Capacity, Price and Gross Margin

12.8.4. Recent Developments and Strategies

12.9. Kansai Paint Co., Ltd.

12.9.1. Company Overview, Business Information, Manufacturing Area

12.9.2. Product Portfolio Analysis

12.9.2.1. Product Details, Specification, Application

12.9.3. Revenue (USD Million), Production Capacity, Price and Gross Margin

12.9.4. Recent Developments and Strategies

12.10. 3M

12.10.1. Company Overview, Business Information, Manufacturing Area

12.10.2. Product Portfolio Analysis

12.10.2.1. Product Details, Specification, Application

12.10.3. Revenue (USD Million), Production Capacity, Price and Gross Margin

12.10.4. Recent Developments and Strategies

12.11. Beckers Group

12.11.1. Company Overview, Business Information, Manufacturing Area

12.11.2. Product Portfolio Analysis

12.11.2.1. Product Details, Specification, Application

12.11.3. Revenue (USD Million), Production Capacity, Price and Gross Margin

12.11.4. Recent Developments and Strategies

12.12. Nippon Paint Holdings Co., Ltd.

12.12.1. Company Overview, Business Information, Manufacturing Area

12.12.2. Product Portfolio Analysis

12.12.2.1. Product Details, Specification, Application

12.12.3. Revenue (USD Million), Production Capacity, Price and Gross Margin

12.12.4. Recent Developments and Strategies

12.13. The Chemours Company.

12.13.1. Company Overview, Business Information, Manufacturing Area

12.13.2. Product Portfolio Analysis

12.13.2.1. Product Details, Specification, Application

12.13.3. Revenue (USD Million), Production Capacity, Price and Gross Margin

12.13.4. Recent Developments and Strategies

12.14. Sika AG

12.14.1. Company Overview, Business Information, Manufacturing Area

12.14.2. Product Portfolio Analysis

12.14.2.1. Product Details, Specification, Application

12.14.3. Revenue (USD Million), Production Capacity, Price and Gross Margin

12.14.4. Recent Developments and Strategies

12.15. Hempel A/S

12.15.1. Company Overview, Business Information, Manufacturing Area

12.15.2. Product Portfolio Analysis

12.15.2.1. Product Details, Specification, Application

12.15.3. Revenue (USD Million), Production Capacity, Price and Gross Margin

12.15.4. Recent Developments and Strategies

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global paints and coatings market size was surpassed at USD 185.91 billion in 2024 and it is expected to reach around USD 282.45 billion by 2034.

The global paints and coatings market is growing at a CAGR of 4.27% during the forecast period 2025 to 2034.

Some of the key players operating in the market are Akzo Nobel N.V.; PPG Industries, Inc.; The Sherwin-Williams Company; Jotun; Axalta Coating Systems, LLC; RPM International Inc.; Henkel AG & Company, KGaA; BASF SE; Kansai Paint Co., Ltd.; Hempel A/S; Nippon Paint Holdings Co., Ltd.; Sika AG; Beckers Group; 3M; and The Chemours Company among others.

The architectural & decorative segment captured major market share and accounted for nearly 60% of value share out of the total revenue in 2023.

The Asia Pacific covered the major part of the global revenue and accounted for more than 39.7% share in the year 2024.

Paints & coatings are the decorative and glossy finishes that enhance the aesthetic appearance of the surface of walls, equipment, metal component, or other products. They also protect the product from corrosion & abrasion along with this it enhances the durability of the product surface. Basic raw materials used for the production of paints & coatings include curing agent, solvent, pigments, additive, resin, and dispersant.

Rising demand for high-performance coatings is one of the prime factors that driver the growth of the paints & coatings market. High-performance coating includes corrosion-resistant coatings, low-temperature and high-temperature coatings, and other coating products that are primarily used for commercial applications. On the other hand, the fluctuating price of raw materials owing to the volatility in the prices of crude oil restricts the market growth for the paints & coatings product during the analysis period. In addition, stringent regulations pertaining to the implementation of solvent-borne paints & coatings expected to impart major challenges for the growth of the paints & coatings market.

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