Paints and Coatings - Global Strategic Business Report

The global market for Paints and Coatings is estimated at US$171.9 Billion in 2023 and is projected to reach US$244.1 Billion by 2030, growing at a CAGR of 5.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the paints and coatings market is driven by several factors. Firstly, the ongoing expansion in the construction industry, particularly in Asia-Pacific and Latin America, is a significant driver as these regions invest in infrastructure development and housing projects. Secondly, technological advancements such as the development of smart coatings that can respond to environmental changes are opening new avenues for market growth. Thirdly, the increasing demand for automotive and aerospace coatings, driven by the need for lightweight, durable, and aesthetically superior materials, is propelling the market forward.

Additionally, the rise in renovation and refurbishment activities in mature markets, coupled with the DIY trend, is boosting the demand for decorative paints. The emphasis on sustainable and environmentally friendly products continues to drive innovation, with manufacturers focusing on low-VOC, waterborne, and bio-based formulations to meet regulatory standards and consumer expectations.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Acrylic Resin-based Paints and Coatings segment, which is expected to reach US$108.2 Billion by 2030 with a CAGR of a 6.1%. The Polyester Resin-based Paints and Coatings segment is also set to grow at 4.3% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $32.5 Billion in 2023, and China, forecasted to grow at an impressive 6.8% CAGR to reach $78.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Paints and Coatings Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Paints and Coatings Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Paints and Coatings Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Akzo Nobel NV, Asian Paints Limited, Axalta Coating Systems LLC, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 390 Featured):

• Akzo Nobel NV
• Asian Paints Limited
• Axalta Coating Systems LLC
• BASF SE
• Berger Paints India Limited
• Brillux GmbH & Co. KG
• DAW SE
• Dunn-Edwards Corporation
• Hempel A/S
• Jotun Group
• JW Ostendorf GmbH & Co. KG
• Nippon Paint Holdings Co., Ltd
• NIPSEA Group
• PPG Industries Inc.
• RPM International Inc.
• S K Kaken Co., Ltd
• Shalimar Paints Limited
• Sherwin-Williams Company
• Teknos Group Oy
• Tiger Coatings Gmbh& Co. Kg