Global Paints and Coatings Market Research Report (2025-2032)
Global Paints and Coatings Market Research Report (2025-2032)
The Global “paint and Coating market” was valued at US$ 213.77 million in the year 2024, and is expected to experience a robust growth of US$ 278.38 million by the year 2030 and is anticipated to grow at a CAGR of 4.50% during the forecasted period.
The U.S exported over $2.5 billion in coating product, while generating a substantial trade surplus of $1.4 billion.
Industry Overview
Paint is defined as a paint material in liquid or solid which when spread on a surface adheres and hardens forms a film that protect, decorated or add a specific feature to the surface on which it is deposited.
With the dip in volume in 2020 the paint and coating industry saw a recovery in 2021 and the volume growth in the paint and coating appears to be tracking GDP. The industry has also seen a growth towards the value.
Regional Analysis
The Paint and Coating industry is likely to be dominated by the Asia Pacific region, this is likely because of the growing urbanization, countries like India, china japan, etc. have been experiencing significant urbanization because of the increasing construction activities as well as stronger economic growth in the region which is leading to higher spending capacity of consumers in home improvement and renovation activities. Furthermore, the Asia Pacific region is also considered to be the manufacturing hub because of the growth of industries such as Automotive, Consumers goods, Electronics, etc. which requires specialized coating. Furthermore, Europe and North America is also expected to have a significant market share in the global paint and coating industry.
Competitive Analysis
Akzonobel
Sherwin-Williams
PPG Industries
Axalta Coating Systems
Arsonsisi
TIGER Drylac
RPM International
Nippon Paint
Jotun Powder Coatings
3M
TITAN Powder Coatings
Teknos
Masco
ST Powder Coatings
Ripol
RIH
Pulverit
Protech-Oxyplast
American Powder Coatings
IGP
CIN
ADAPTA COLOR
Aiyue Group
Huajia
Jingaoli Group
Wisely
Fujian Wanan
Meijia New Materials
Zhejiang Huacai
The paint and coating industry is dominated by the presence of large multinational players, where, the top ten players in the coating industry in 2021, represent 44% of the total market and the world’s largest paint companies had a combined share of 50% in the global paint market. Most of the companies operating in this industry have been working continuously and investing heavily in research and developmental activities, to manufacture environmentally friendly products. Some of the key players in the paint and costing industry include Sherwin-Williams, PPG, AkzoNobel, Axalta, BASF, Kansai Paint, Asian Paints, Jotun, RPM, Henkel, Dow, DuPont, Berger Paints, 3M, Benjamin Moore, and many more.
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