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Paints and Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global paints and coatings market size reached US$ 158.54 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 220.47 Billion by 2027, exhibiting a growth rate (CAGR) of 5.40% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Paints refer to pigmented liquids used to improve the aesthetics of the substrate, whereas coatings are primarily used to enhance surface properties and prevent substrate deterioration. Some commonly available product variants include waterborne, powder, high solids, radiation curing, and solvent-borne coatings. It is widely used in decorating industrial equipment, residential and non-residential infrastructures, and buildings. Paints and coatings exhibit anti-fouling, flame retardancy, and anti-microbial properties. They also protect the surface from adverse environmental conditions, weathering, rust, and chemical exposure. As a result, they find extensive applications across the marine, construction, automobile, and transportation industries.

Paints and Coatings Market Trends:

Significant growth in the construction industry across the globe is creating a positive outlook for the market. Paints and coatings are widely used on panels, windows, walls, roofs, door frames, and interior extrusions for protection, decoration, and aesthetics. Additionally, the widespread product adoption in the automotive industry, owing to their color stability, continuous protective film formation, corrosion, abrasion and scratch resistance, flexibility, and durability, is favoring the market growth. Apart from this, the introduction of volatile organic compounds (VOC) free, block resistant, and organic paints and coatings manufactured using natural ingredients like lemon peel extract, seed, clay, vegetable, and soybean oil is providing an impetus to the market growth. In line with this, the increasing utilization of environment-friendly and green coatings that minimize the adverse effects of infrared and ultraviolet (UV) radiations and improve the overall efficiency is acting as another growth-inducing factor. Furthermore, the growing environmental consciousness among the masses and the increasing demand for waterborne and powder-based coatings are providing a considerable boost to the market. Other factors, including extensive research and development (R&D) activities, the implementation of various government initiatives promoting infrastructural development, and the increasing inclination toward renovation activities, are supporting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global paints and coatings market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, material and application.

Breakup by Product:

  • Waterborne Coatings
  • Solvent-borne Coatings
  • Powder Coatings
  • High Solids/Radiation Curing
  • Others
     

Breakup by Material:

  • Acrylic
  • Alkyd
  • Polyurethane
  • Epoxy
  • Polyester
  • Others
     

Breakup by Application:

  • Architectural and Decorative
  • Non-Architectural
    • Automotive and Transportation
    • Wood
    • General Industrial
    • Marine
    • Protective
    • Others
       

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., Asian Paints Ltd., Axalta Coating Systems Ltd., Berger Paints India Limited, Indigo Paints Limited, Jotun A/S, Kansai Paint Co. Ltd., National Paints Factories Co. Ltd., PPG Industries Inc., RPM International Inc., The Sherwin-Williams Company and Tiger Coatings GmbH & Co. KG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product, Material, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Akzo Nobel N.V., Asian Paints Ltd., Axalta Coating Systems Ltd., Berger Paints India Limited, Indigo Paints Limited, Jotun A/S, Kansai Paint Co. Ltd., National Paints Factories Co. Ltd., PPG Industries Inc., RPM International Inc., The Sherwin-Williams Company and Tiger Coatings GmbH & Co. KG.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global paints and coatings market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global paints and coatings market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the material?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global paints and coatings market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Paints and Coatings Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product
    6.1    Waterborne Coatings
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Solvent-borne Coatings
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Powder Coatings
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    High Solids/Radiation Curing
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Material
    7.1    Acrylic
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Alkyd
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Polyurethane
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Epoxy
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Polyester
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by Application
    8.1    Architectural and Decorative
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Non-Architectural
        8.2.1 Market Trends
        8.2.2 Key Segments
           8.2.2.1 Automotive and Transportation
           8.2.2.2 Wood
           8.2.2.3 General Industrial
           8.2.2.4 Marine
           8.2.2.5 Protective
           8.2.2.6 Others
        8.2.3 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Akzo Nobel N.V.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Asian Paints Ltd.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
        14.3.3    Axalta Coating Systems Ltd.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Berger Paints India Limited
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Indigo Paints Limited
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Jotun A/S
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 SWOT Analysis
        14.3.7    Kansai Paint Co. Ltd.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    National Paints Factories Co. Ltd.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    PPG Industries Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    RPM International Inc.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    The Sherwin-Williams Company
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Tiger Coatings GmbH & Co. KG
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Paints and Coatings Market: Major Drivers and Challenges
Figure 2: Global: Paints and Coatings Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Paints and Coatings Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Paints and Coatings Market: Breakup by Product (in %), 2021
Figure 5: Global: Paints and Coatings Market: Breakup by Material (in %), 2021
Figure 6: Global: Paints and Coatings Market: Breakup by Application (in %), 2021
Figure 7: Global: Paints and Coatings Market: Breakup by Region (in %), 2021
Figure 8: Global: Paints and Coatings (Waterborne Coatings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Paints and Coatings (Waterborne Coatings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Paints and Coatings (Solvent-borne Coatings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Paints and Coatings (Solvent-borne Coatings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Paints and Coatings (Powder Coatings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Paints and Coatings (Powder Coatings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Paints and Coatings (High Solids/Radiation Curing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Paints and Coatings (High Solids/Radiation Curing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Paints and Coatings (Other Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Paints and Coatings (Other Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Paints and Coatings (Acrylic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Paints and Coatings (Acrylic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Paints and Coatings (Alkyd) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Paints and Coatings (Alkyd) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Paints and Coatings (Polyurethane) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Paints and Coatings (Polyurethane) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Paints and Coatings (Epoxy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Paints and Coatings (Epoxy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Paints and Coatings (Polyester) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Paints and Coatings (Polyester) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Paints and Coatings (Other Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Paints and Coatings (Other Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Paints and Coatings (Architectural and Decorative) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Paints and Coatings (Architectural and Decorative) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Paints and Coatings (Non-Architectural) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Paints and Coatings (Non-Architectural) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: North America: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: North America: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: United States: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: United States: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Canada: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Canada: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia-Pacific: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia-Pacific: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: China: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: China: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Japan: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Japan: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: India: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: India: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: South Korea: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: South Korea: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Australia: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Australia: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Indonesia: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Indonesia: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Others: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Others: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Germany: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Germany: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: France: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: France: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Italy: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Italy: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Spain: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Spain: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Russia: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Russia: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Latin America: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Latin America: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Brazil: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Brazil: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Mexico: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Mexico: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Middle East and Africa: Paints and Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Middle East and Africa: Paints and Coatings Market: Breakup by Country (in %), 2021
Figure 82: Middle East and Africa: Paints and Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Global: Paints and Coatings Industry: SWOT Analysis
Figure 84: Global: Paints and Coatings Industry: Value Chain Analysis
Figure 85: Global: Paints and Coatings Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Paints and Coatings Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Paints and Coatings Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Paints and Coatings Market Forecast: Breakup by Material (in Million US$), 2022-2027
Table 4: Global: Paints and Coatings Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Paints and Coatings Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Paints and Coatings Market: Competitive Structure
Table 7: Global: Paints and Coatings Market: Key Players


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