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Global Paints & Coatings Market Size, Trends and Growth opportunity, By Resin Type (Acrylic, Epoxy Resin, Alkyd, Polyurethane, Polyester, Others), By Technology (Water-Based Technology, Solvent-Based Technology, High Solids, Powder Coating, Others), By Application (Architectural Application, Industrial Application), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.


Report ID : IR100974 | Industries : Chemicals & Materials | Published On :March 2024 | Page Count : 2

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  • Global Paints & Coatings Market Size, Trends and Growth opportunity, By Resin Type (Acrylic, Epoxy Resin, Alkyd, Polyurethane, Polyester, Others), By Technology (Water-Based Technology, Solvent-Based Technology, High Solids, Powder Coating, Others), By Application (Architectural Application, Industrial Application), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027. 

     

    Global Paints & Coatings Market 
    Global Paints & Coatings Market was valued at USD 184 billion in 2021 and is expected to reach USD 214 billion by 2027, at a CAGR 2.46% from 2022-2027.
    Paints & Coatings is defined as a type of coverings which are widely used for applying on the surface of certain objects to prevent the surface against sunlight exposure and oxidation. This covering can assist in improving the durability of the object life and it is also utilized for decorative purposes and functional purposes. 

     

    Market Drivers
    The increase in applications of fluoropolymers in the construction and building industry and rising demand for powder coatings in pipeline and shipbuilding industries is estimated to carve a way for the growth of the paints & coatings market.
    Furthermore, advancement in new technology is being adopted across various industries. These factors are estimated to drive the paints & coatings market during the forecast period.

     

    Market Restraints
    The drying and cure time for waterborne coatings is longer than that of solvent-borne coatings. Also, aqueous coatings have good flow qualities which fluctuate with humidity, impacting the application of the coating. Water does not easily evaporate in a high humidity environment, leading to a poor cure and reduced performance. This factor may create hindrances for the growth of the paints and coatings market.

     

    Market Segmentation
    The Global Paints & Coatings Market is segmented into resin type, technology, and application. 
    Based on the acrylic segment, it is estimated to hold a prominent share of the global market during the forecast period. Acrylic resins can be used in water-based and solvent-based formulations; hence, they are widely used in industrial coatings, architectural coatings, and protective coatings. 

     

    Regional Analysis
    The Global Paints & Coatings Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
    The Asia-Pacific region dominates the market in terms of market share and market revenue and will continue to grow its dominance during the forecast period. The market growth over this region is attributed to the rise in construction activities and increasing demand from the automotive sector in emerging countries, such as China, Japan, India, and Southeast Asia within the region.

     

    Key Players
    Various key players are discussed into the Global Paints & Coatings Market Report including: Akzo Nobel N.V, BASF SE, The Sherwin Williams Company, PPG industries, In., Axalta Coating System, RPM international Inc., KKC Corporation, Berger Paints India Limited, Nippon Paints Holdings Co., Ltd., The Valspar Corporation, Jotun A/S, and others.

     

    Market Taxonomy
    By Resin Type

    •    Acrylic
    •    Epoxy Resin
    •    Alkyd
    •    Polyurethane
    •    Polyester
    •    Vinyl
    •    Fluoropolymer
    •    Others

     

    By Technology
    •    Water-Based Technology
    •    Solvent-Based Technology
    •    High Solids
    •    Powder Coating
    •    Others

     

    By Application
    •    Architectural
    •    Industrial
    •    Automation & Transportation
    •    Aerospace
    •    Building & Construction
    •    Healthcare & Medical devices
    •    Marine
    •    Electricals & Electronics
    •    Packaging
    •    Others

     

    By Region
    •    North America
    •    Latin America
    •    Europe
    •    Asia Pacific
    •    Middle East & Africa

    Global Paints & Coatings Market
    1 Introduction    
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Paints & Coatings Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Paints & Coatings Market, By Resin Type 
    5.1 Y-o-Y Growth Comparison, By Resin Type
    5.2 Global Paints & Coatings Market Share Analysis, By Resin Type
    5.3 Global Paints & Coatings Market Size and Forecast, By Resin Type
    5.3.1 Acrylic
    5.3.2 Alkyd
    5.3.3 Epoxy Resin
    5.3.4 Polyurethane
    5.3.5 Polyester
    5.3.6 Vinyl
    5.3.7 Fluoropolymer
    5.3.8 Others 
    6 Global Paints & Coatings Market, By Technology
    6.1 Y-o-Y Growth Comparison, By Technology
    6.2 Global Paints & Coatings Market Share Analysis, By Technology
    6.3 Global Paints & Coatings Market Size and Forecast, By Technology
    6.3.1 Water-Based Technology
    6.3.2 Solvent-Based Technology
    6.3.3 High Solids
    6.3.4 Powder Coating
    6.3.5 Others
    7 Global Paints & Coatings Market, By Application
    7.1 Y-o-Y Growth Comparison, By Application
    7.2 Global Paints & Coatings Market Share Analysis, By Application
    7.3 Global Paints & Coatings Market Size and Forecast, By Application
    7.3.1 Architectural
    7.3.2 Industrial
    7.3.3 Automation & Transportation
    7.3.4 Aerospace
    7.3.5 Building & Construction
    7.3.6 Healthcare & Medical devices
    7.3.7 Marine
    7.3.8 Electricals & Electronics
    7.3.9 Packaging
    7.3.10 Others
    8 Global Paints & Coatings Market, By Region
    8.1 Global Paints & Coatings Market Share Analysis, By Region
    8.2 Global Paints & Coatings Market Share Analysis, By Region
    8.3 Global Paints & Coatings Market Size and Forecast, By Region
    9 North America Paints & Coatings Market Analysis and Forecast (2022-2027)
    9.1 Introduction
    9.2 North America Paints & Coatings Market Share Analysis, By Resin Type
    9.3 North America Paints & Coatings Market Share Analysis, By Technology
    9.4 North America Paints & Coatings Market Size and Forecast, By Application
    9.5 North America Paints & Coatings Market Size and Forecast, By Country
    9.5.1 U.S.
    9.5.2 Canada
    9.5.3 Mexico
    10 Europe Paints & Coatings Market Analysis and Forecast (2022-2027)
    10.1 Introduction
    10.2 Europe Paints & Coatings Market Share Analysis, By Resin Type
    10.3 Europe Paints & Coatings Market Share Analysis, By Technology
    10.4 Europe Paints & Coatings Market Size and Forecast, By Application
    10.5 Europe Paints & Coatings Market Size and Forecast, By Country
    10.5.1 Germany
    10.5.2 France
    10.5.3 UK
    10.5.4 Rest of Europe
    11 Asia Pacific Paints & Coatings Market Analysis and Forecast (2022-2027)
    11.1 Introduction
    11.2 Asia Pacific Paints & Coatings Market Share Analysis, By Resin Type
    11.3 Asia Pacific Paints & Coatings Market Share Analysis, By Technology
    11.4 Asia Pacific Paints & Coatings Market Size and Forecast, By Application
    11.5 Asia Pacific Paints & Coatings Market Size and Forecast, By Country
    11.5.1 China    
    11.5.2 Japan
    11.5.3 India
    11.5.4 Rest of Asia Pacific
    12 Latin America Paints & Coatings Market Analysis and Forecast (2022-2027)
    12.1 Introduction
    12.2 Latin America Paints & Coatings Market Share Analysis, By Resin Type
    12.3 Latin America Paints & Coatings Market Share Analysis, By Technology
    12.4 Latin America Paints & Coatings Market Size and Forecast, By Application
    12.5 Latin America Paints & Coatings Market Size and Forecast, Country
    12.5.1 Brazil
    12.5.2 Rest of Latin America
    13 Middle East Paints & Coatings Market Analysis and Forecast (2022-2027)
    13.1 Introduction
    13.2 Middle East Paints & Coatings Market Share Analysis, By Resin Type
    13.3 Middle East Paints & Coatings Market Share Analysis, By Technology
    13.4 Middle East Paints & Coatings Market Size and Forecast, By Application
    13.5 Middle East Paints & Coatings Market Size and Forecast, By Country
    13.5.1 Saudi Arabia
    13.5.2 UAE
    13.5.3 Egypt
    13.5.4 Kuwait
    13.5.5 South Africa
    14 Competitive Analysis
    14.1 Competition Dashboard
    14.2 Market share Analysis of Top Vendors
    14.3 Key Development Strategies
    15 Company Profiles
    15.1 Akzo Nobel N.V
    15.1.1 Overview
    15.1.2 Offerings
    15.1.3 Key Financials
    15.1.4 Business Segment & Geographic Overview
    15.1.5 Key Market Developments
    15.1.6 Key Strategies
    15.2 BASF SE
    15.2.1 Overview
    15.2.2 Offerings
    15.2.3 Key Financials
    15.2.4 Business Segment & Geographic Overview
    15.25 Key Market Developments
    15.2.6 Key Strategies
    15.3 The Sherwin Williams Company
    15.3.1 Overview
    15.3.2 Offerings
    15.3.3 Key Financials
    15.3.4 Business Segment & Geographic Overview
    15.3.5 Key Market Developments
    15.3.6 Key Strategies
    15.4 PPG industries, In.
    15.4.1 Overview
    15.4.2 Offerings
    15.4.3 Key Financials
    15.4.4 Business Segment & Geographic Overview
    15.4.5 Key Market Developments
    15.4.6 Key Strategies
    15.5 Axalta Coating System
    15.5.1 Overview
    15.5.2 Offerings
    15.5.3 Key Financials
    15.5.4 Business Segment & Geographic Overview
    15.5.5 Key Market Developments
    15.5.6 Key Strategies
    15.6 The Valspar Corporation
    15.6.1 Overview
    15.6.2 Offerings
    15.6.3 Key Financials
    15.6.4 Business Segment & Geographic Overview
    15.6.5 Key Market Developments
    15.6.6 Key Strategies
    15.7 RPM international Inc.
    15.7.1 Overview
    15.7.2 Offerings
    15.7.3 Key Financials
    15.7.4 Business Segment & Geographic Overview
    15.7.5 Key Market Developments
    15.7.6 Key Strategies    
    15.8 KKC Corporation
    15. 8.1 Overview
    15.8.2 Offerings
    15.8.3 Key Financials
    15.8.4 Business Segment & Geographic Overview
    15.8.5 Key Market Developments
    15.8.6 Key Strategies
    15.9 Berger Paints India Limited
    15.9.1 Overview
    15.9.2 Offerings
    15.4.9.3 Key Financials
    15.9.4 Business Segment & Geographic Overview
    15.9.5 Key Market Developments
    15.9.6 Key Strategies
    15.10 Nippon Paints Holdings Co., Ltd.
    15.10.1 Overview
    15.10.2 Offerings
    15.10.3 Key Financials
    15.10.4 Business Segment & Geographic Overview
    15.10.5 Key Market Developments
    15.10.6 Key Strategies