Paints & Coatings Market

Paints & Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Waterborne, Solventborne, Powder), Application (Architectural [Residential, Non-residential], Industrial), and Region - Global Forecasts to 2024

Report Code: CH 3190 Aug, 2019, by marketsandmarkets.com

[208 Pages Report] The paints and coatings market size is projected to grow from USD 153.9 billion in 2019 to USD 199.9 billion by 2024, at a CAGR of 5.4%, during the forecast period. The growth of end-use industries such as architectural, general industrial, protective, and automotive & transportation is driving the paints and coatings market growth.

Paints & Coatings Market

Acrylic is estimated to account for the largest share of the paints and coatings market during the forecast period

Acrylics are available in various forms such as emulsions (latex), lacquers, enamels, and powders. The most common type of acrylic paint is latex. The chief components of acrylic polymers, acrylic, and methacrylic acid, provide a polymer structure that has little tendency to absorb UV light, which increases its resistance to weathering and oxidation than oil-based paints, alkyds, or epoxies. Acrylics possess good colors and gloss retention.

Acrylic powder coatings, ranging from thin-film clear coats to very smooth, provide a high-performance finish with outstanding weather resistance, high-gloss colors, making them ideal for outdoor applications with excellent exterior durability. Acrylic coatings are typically water-based, easy to handle, moderately priced, and exhibit superior performance in a wide variety of applications such as roof coating, wall coating, and others. They are cured by water evaporation, exhibiting a reasonable degree of cohesive strength, and provide excellent adhesion to most roof surfaces.

Ultraviolet (UV) and Electron beam (EB) to be the fastest-growing technology segments of the paints and coatings market during the forecast period.

UV- and EB-cured coating offers high reactivity, very rapid curing, long shelf life, low-temperature processing, virtually no VOC emission, high hardness, and abrasion resistance. UV curing technology can be used in industrial finishing areas such as wood coating, automotive coating, wire coating, packaging coating, metal decorative coating, and floor finishing. The demand for UV & EB-curing paints & coatings is expected to be high from the automotive segment as these types are suitable for automotive finishing. The strict environmental regulations lead to the declining usage of conventional coating processes, which primarily drives the global UV & EB cured coating market.

The architectural segment is estimated to be the fastest-growing end-use industry of the paints and coatings during the forecast period.

Architectural paints & coatings, also known as decorative paints & coatings or building paints, are applied on the interior and exterior walls of all kinds of residential, commercial, industrial, and institutional buildings. Apart from their decorative features, architectural paints & coatings also possess some protective features. For instance, exterior architectural paints & coatings protect the building from extremes of rain, sunlight, and wind. Architectural paints & coatings are applied either by building contractors or directly by customers as do-it-yourself (DIY).

Architectural coatings also find application in decorative interiors such as wall paintings, wood flooring, sculptures, and furniture. Increase in environmental awareness has led to innovations in the coating industry to provide affordable quality products, of high quality, possess value-added features, and meet global trends. Similarly, growing safety standards will raise the demand for fireproof and waterproof coatings on buildings. This is shifting the global focus towards architectural coatings.

Paints & Coatings Market

Key Market Players

AkzoNobel N.V. (Netherlands), PPG Industries (US), The Sherwin-Williams Company (US), Nippon Paint Holding Co. Ltd. (Japan), Axalta Coatings System LLC (US), Tikkurila Oyj (Finland), Jotun A/S (Norway), and RPM International Inc. (US) are some of the players operating in the global market.

Scope of the report

Report Metric

Details

Years considered for the study

2017–2024

Base year

2018

Forecast period

2019–2024

Units considered

Value (USD Million) and Volume (Kiloton)

Segments

Technology, Resin Type, and Application

Regions

APAC, North America, Europe, the Middle East & Africa, and South America

Companies

AkzoNobel N.V. (Netherlands), PPG Industries (US), The Sherwin-Williams Company (US).
A total of 25 players are covered.

This research report categorizes the paints and coatings market based on technology, resin type, application, and region.

Based on technology, the paints and coatings market has been segmented as follows:

  • Waterborne
  • Solventborne
  • Powder
  • Others (UV & EB)

Based on resin, the paints and coatings market has been segmented as follows:

  • Acrylic
  • Alkyd
  • Epoxy
  • Polyester
  • Polyurethane
  • Others (Silicone, amino, polyurea, polyolefin, nitrocellulose, plastisol, polyamide, vinyl-based, and hybrid coatings)

Based on end-use industries, the paints and coatings market has been segmented as follows:

  • Architectural
    • Residential
      • New construction
      • Remodel and repaint
    • Non-residential
  • Industrial
    • General Industrial
    • Protective
    • Automotive Refinish
    • Automotive OEM
    • Industrial Wood
    • Marine
    • Coil
    • Packaging
    • Aerospace
    • Rail

Based on the region, the paints and coatings market has been segmented as follows:

  • APAC
  • North America
  • Europe
  • Middle East & Africa
  • South America

Recent Developments

  • In June 2019, Sherwin-Williams introduced a new quick-drying coating, Moisture Vapor Barrier Interior Latex Primer/Sealer, to help reduce the moisture through ceilings and walls. The new coating provided a cost-effective solution to the problems faced in manufactured housing facilities.
  • In April 2019, PPG acquired Hemmelrath Lackfabrik GmbH, a manufacturer of automotive coatings. The acquisition was made to help facilitate PPG’s strategic growth plans by adding new products to its existing portfolio. 

Key Questions Addressed by the Report

  • What is the mid-to-long term impact of the developments undertaken in the industry?
  • What are the upcoming technologies used in the paints and coatings industry?
  • Which segment has the potential to register the highest market share?
  • What is the current competitive landscape in the paints and coatings market in terms of new technologies, production, and sales?
  • What will be the growth prospects of the paints and coatings market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 21)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Markets Covered
           1.3.1 Year Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 24)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Opportunities in the Paints & Coatings Market
    4.2 APAC: Paints & Coatings Market, By Resin Type
    4.3 Paints & Coatings Market, By Technology
    4.4 Paints & Coatings Market, By End-Use Sector and Country
    4.5 Paints & Coatings Market: Developed vs.  Developing Countries
    4.6 Paints & Coatings Market Attractiveness,  By Key Countries

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Environmental Regulations Boosting the Demand for  Voc-Free Coatings
                    5.2.1.2 Introduction of New Technologies has Increased the Performance of Coatings
                    5.2.1.3 Growing Popularity of Elastomeric Coatings in Tilt-Up Concrete in Building & Construction
                    5.2.1.4 Increasing Demand From the Construction and  Automotive Industries
                    5.2.1.5 Technological Advancements in Powder Coating Technology
           5.2.2 Restraints
                    5.2.2.1 Requirement of More Drying Time for Waterborne Coatings
                    5.2.2.2 Difficulty in Obtaining Thin Films in Powder Coating
           5.2.3 Opportunities
                    5.2.3.1 Increasing Applications of Fluoropolymers in the Building & Construction Industry
                    5.2.3.2 Attractive Prospects for Powder Coatings in Shipbuilding and Pipeline Industries
                    5.2.3.3 Increasing Use of Powder Coatings in the Automotive Industry
           5.2.4 Challenges
                    5.2.4.1 Stringent and Regulatory Policies
                    5.2.4.2 Environmental Challenges With Respect to Wastewater Discharge
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Buyers
           5.3.4 Bargaining Power of Suppliers
           5.3.5 Intensity of Competitive Rivalry

6 Paints & Coatings Market, By Resin Type (Page No. - 50)
    6.1 Introduction
    6.2 Acrylic
    6.3 Alkyd
    6.4 Epoxy
    6.5 Polyester
    6.6 Polyurethane
    6.7 Others

7 Paints & Coatings Market, By Technology (Page No. - 60)
    7.1 Introduction
           7.1.1 Waterborne Technology
           7.1.2 Solventborne Technology
           7.1.3 Powder Coating
           7.1.4 Others

8 Paints & Coatings Market, By End-Use Sector (Page No. - 69)
    8.1 Introduction
    8.2 Architectural
           8.2.1 Better Economic Growth and Higher Incomes are Boosting the Demand for Architectural Coatings
           8.2.2 Residential Application
                    8.2.2.1 Growing Construction Industry is Boosting the Demand for Residential Architectural Coatings
                    8.2.2.2 New Construction
                    8.2.2.3 Remodel and Repaint
           8.2.3 Non-Residential Application
                    8.2.3.1 Increased Commercial and Industrial Developments to Drive  the Market
    8.3 Industrial
           8.3.1 Growing Demand From APAC to Boost the Industrial Coatings Market
           8.3.2 General Industrial
                    8.3.2.1 Everyday Uses of Powder-Coated Products to Fuel the Demand for General Industrial Equipment
           8.3.3 Protective
                    8.3.3.1 APAC is Emerging as A Strategic Location for Protective Coating Manufacturers
           8.3.4 Automotive Refinish
                    8.3.4.1 Increase in Vehicle Usage Along With Increasing Number of Accidents has Propelled the Demand for Automotive  Refinish Coatings
           8.3.5 Automotive OEM
                    8.3.5.1 Growing Demand for Electric Vehicles to Drive the Paints & Coatings Market
           8.3.6 Wood
                    8.3.6.1 Increasing Construction and Infrastructure Activities to Drive  the Wood Coatings Demand
           8.3.7 Marine
                    8.3.7.1 Slow Growth of Shipbuilding Sector Hampering the Demand for Marine Coatings
           8.3.8 Coil
                    8.3.8.1 Durability and Cost-Benefit Properties are Expected to Drive the Demand for Coil Coatings
           8.3.9 Packaging
                    8.3.9.1 Improved Lifestyles and Changing Food Habits to Fuel the Demand for Packaging Coatings
           8.3.10 Aerospace
                    8.3.10.1 Development of Chrome-Free Coating Technology is Augmenting the Market Growth
           8.3.11 Rail
                    8.3.11.1 Advances in High-Speed Train Industry are Boosting the Rail Coatings Market

9 Paints & Coatings Market, By Region (Page No. - 87)
    9.1 Introduction
    9.2 APAC
           9.2.1 China
                    9.2.1.1 High Demand From the Furniture, Appliances, and Automotive Industries to Drive the Industrial Coatings Market in APAC
           9.2.2 India
                    9.2.2.1 Government Initiatives and Significant Foreign Investments are Likely to Positively Impact the Industrial Coatings Market
           9.2.3 Japan
                    9.2.3.1 High Production of Vehicles is Expected to Spur the Demand for Industrial Coatings in the Country
           9.2.4 Indonesia
                    9.2.4.1 Increasing Penetration of Japanese Carmakers to Benefit the Industrial Coatings Market in the Country
           9.2.5 Thailand
                    9.2.5.1 Automotive Being the Key Industry in the Country Contributes Significantly to the Growth of the Industrial Coatings Market
           9.2.6 Rest of APAC
    9.3 Europe
           9.3.1 Germany
                    9.3.1.1 Favorable Economic Environment for the Construction Sector Coupled With Rising Demand for New Homes From New Migrants to Drive the Market
           9.3.2 Russia
                    9.3.2.1 Growing Population is Leading to A Rise in the Applications of the Architectural Coating
           9.3.3 Italy
                    9.3.3.1 New Project Finance Rules and Investment Policies in the Construction Sector Will Drive the Market
           9.3.4 Turkey
                    9.3.4.1 Rapid Urbanization, Rising Middle-Class Population, Increasing Purchasing Power, and the Growing Housing Sector Will Create Strong Demand for Coatings
           9.3.5 France
                    9.3.5.1 Reviving Economy Coupled With Investment in Infrastructure is Expected to Boost the Demand for Architectural Coatings
           9.3.6 UK
                    9.3.6.1 The Growing Construction Sector Along With Government Spending Will Boost the Demand for Architectural Coatings
           9.3.7 Spain
                    9.3.7.1 Growth in the Residential Construction Sector to Spur the Demand for Architectural Coatings
           9.3.8 Rest of Europe
    9.4 North America
           9.4.1 US
                    9.4.1.1 Increasing Residential and Non-Residential Constructions Will Boost the Architectural Coatings Segment
           9.4.2 Canada
                    9.4.2.1 Construction Industry Will Be the Major Contributor to Architectural Coatings Market Growth
           9.4.3 Mexico
                    9.4.3.1 New Construction in the Residential Segment to Drive the Architectural Coatings Market
    9.5 Middle East & Africa
           9.5.1 Saudi Arabia
                    9.5.1.1 Mega Housing Projects are Expected to Boost the Architectural Coatings Demand
           9.5.2 South Africa
           9.5.3 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
                    9.6.1.1 Rising Home Ownership and Living Standards, and Easier Credit Availability are Expected to Fuel the Demand for Architectural Coatings
           9.6.2 Argentina
                    9.6.2.1 Increase in Population and Improved Economic Conditions are Expected to Lead to A High Demand for Architectural Coatings
           9.6.3 Rest of South America

10 Competitive Landscape (Page No. - 136)
     10.1 Introduction
     10.2 Competitive Leadership Mapping
             10.2.1 Visionary Leaders
             10.2.2 Innovators
             10.2.3 Dynamic Differentiators
             10.2.4 Emerging Companies
     10.3 Strength of Product Portfolio
     10.4 Business Strategy Excellence
     10.5 Company Market Share Analysis
     10.6 Competitive Scenario
             10.6.1 Investments & Expansions
             10.6.2 Mergers & Acquisitions
             10.6.3 New Product Launches
             10.6.4 Joint Ventures & Agreements

11 Company Profiles (Page No. - 152)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     11.1 Akzonobel N.V.
     11.2 PPG Industries
     11.3 Sherwin-Williams Company
     11.4 Axalta Coating System LLC
     11.5 Jotun A/S
     11.6 Nippon Paint Holdings Co., Ltd.
     11.7 Asian Paints Limited
     11.8 Kansai Paints Co., Ltd.
     11.9 RPM International Inc.
     11.10 Tikkurila OYJ
     11.11 Hempel A/S
     11.12 Berger Paints India Limited
     11.13 Shalimar Paints
     11.14 Masco Corporation
     11.15 BASF Coatings GmbH
     11.16 S K Kaken Co., Ltd
     11.17 Beckers Group
     11.18 Dunn-Edwards Corporation
     11.19 Tiger Coatings GmbH & Co. Kg
     11.20 Sacal International Group Ltd.
     11.21 Diamond Vogel Paint Company
     11.22 Vista Paints Corporation
     11.23 Indigo Paints Pvt Ltd
     11.24 Kelly-Moore Paints
*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 

12 Appendix (Page No. - 201)
     12.1 Discussion Guide
     12.1 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.2 Available Customizations
     12.3 Related Reports
     12.4 Author Details


List of Tables (170 Tables)

Table 1 Research Assumptions
Table 2 Paints & Coatings Market Snapshot (2019 vs. 2024)
Table 3 Paints & Coatings Market Size, By Resin Type, 2017–2024 (Kiloton)
Table 4 Paints & Coatings Market Size, By Resin Type, 2017–2024 (USD Million)
Table 5 Acrylic Paints & Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 6 Acrylic Paints & Coatings Market Size, By Region, 2017–2024(USD Million)
Table 7 Alkyd Paints & Coatings Market Size, By Region, 2017–2024(Kiloton)
Table 8 Alkyd Paints & Coatings Market Size, By Region, 2017–2024(USD Million)
Table 9 Epoxy Paints & Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 10 Epoxy Paints & Coatings Market Size, By Region, 2017–2024 (USD Million)
Table 11 Polyester Paints & Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 12 Polyester Paints & Coatings Market Size, By Region, 2017–2024 (USD Million)
Table 13 Polyurethane Paints & Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 14 Polyurethane Paints & Coatings Market Size, By Region, 2017–2024 (USD Million)
Table 15 Other Resin-Based Paints & Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 16 Other Resin-Based Paints & Coatings Market Size, By Region, 2017–2024 (USD Million)
Table 17 Paints & Coatings Market Size, By Technology, 2017–2024 (Kiloton)
Table 18 Paints & Coatings Market Size, By Technology, 2017–2024 (USD Million)
Table 19 Waterborne Paints & Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 20 Waterborne Paints & Coatings Market Size, By Region, 2017–2024 (USD Million)
Table 21 Solventborne Paints & Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 22 Solventborne Paints & Coatings Market Size, By Region, 2017–2024 (USD Million)
Table 23 Powder Paints & Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 24 Powder Paints & Coatings Market Size, By Region, 2017–2024 (USD Million)
Table 25 Paints & Coatings Market Size in Other Technologies, By Region, 2017–2024 (Kiloton)
Table 26 Paints & Coatings Market Size in Other Technologies, By Region, 2017–2024 (USD Million)
Table 27 Architectural Paints & Coatings Market Size, By End Use, 2017–2024 (Kiloton)
Table 28 Architectural Paints & Coatings Market Size, By End Use, 2017–2024 (USD Million)
Table 29 Paints & Coatings Market Size in Residential End Use, By Region, 2017–2024 (Kiloton)
Table 30 Paints & Coatings Market Size in Residential End Use, By Region, 2017–2024 (USD Million)
Table 31 Paints & Coatings Market Size in New Construction, By Region, 2017–2024 (Kiloton)
Table 32 Paints & Coatings Market Size in New Construction, By Region, 2017–2024 (USD Million)
Table 33 Paints & Coatings Market Size in Remodel and Repaint End Use, By Region, 2017–2024 (Kiloton)
Table 34 Paints & Coatings Market Size in Remodel and Repaint End Use, By Region, 2017–2024 (USD Million)
Table 35 Paints & Coatings Market Size in Non-Residential Application, By Region, 2017–2024 (Kiloton)
Table 36 Paints & Coatings Market Size in Non-Residential Application, By Region, 2017–2024 (USD Million)
Table 37 Industrial Paints & Coatings Market Size In, By End Use, 2017–2024 (Kiloton)
Table 38 Industrial Paints & Coatings Market Size , By End Use, 2017–2024 (USD Million)
Table 39 Industrial Paints & Coatings Market Size in General Industrial, By Region, 2017–2024 (Kiloton)
Table 40 Industrial Paints & Coatings Market Size in General Industrial, By Region, 2017–2024 (USD Million)
Table 41 Industrial Paints & Coatings Market Size in Protective End Use, By Region, 2017–2024 (Kiloton)
Table 42 Industrial Paints & Coatings Market Size in Protective Application, By Region, 2017–2024 (USD Million)
Table 43 Industrial Paints & Coatings Market Size in Automotive Refinish, By Region, 2017–2024 (Kiloton)
Table 44 Industrial Paints & Coatings Market Size in Automotive Refinish, By Region, 2017–2024 (USD Million)
Table 45 Industrial Paints & Coatings Market Size in Automotive OEM, By Region, 2017–2024 (Kiloton)
Table 46 Industrial Paints & Coatings Market Size in Automotive OEM, By Region, 2017–2024 (USD Million)
Table 47 Industrial Paints & Coatings Market Size in Wood Application, By Region, 2017–2024 (Kiloton)
Table 48 Industrial Paints & Coatings Market Size in Wood Application, By Region, 2017–2024 (USD Million)
Table 49 Industrial Paints & Coatings Market Size in Marine Application, By Region, 2017–2024 (Kiloton)
Table 50 Industrial Paints & Coatings Market Size in Marine Application, By Region, 2017–2024 (USD Million)
Table 51 Industrial Paints & Coatings Market Size in Coil Application, By Region, 2017–2024 (Kiloton)
Table 52 Industrial Paints & Coatings Market Size in Coil Application, By Region, 2017–2024 (USD Million)
Table 53 Industrial Paints & Coatings Market Size in Packaging Application, By Region, 2017–2024 (Kiloton)
Table 54 Industrial Paints & Coatings Market Size in Packaging Application, By Region, 2017–2024 (USD Million)
Table 55 Industrial Paints & Coatings Market Size in Aerospace Application, By Region, 2017–2024 (Kiloton)
Table 56 Industrial Paints & Coatings Market Size in Aerospace Application, By Region, 2017–2024 (USD Million)
Table 57 Industrial Paints & Coatings Market Size in Rail, By Region, 2017–2024 (Kiloton)
Table 58 Industrial Paints & Coatings Market Size in Rail, By Region, 2017–2024 (USD Million)
Table 59 Paints & Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 60 Paints & Coatings Market Size, By Region, 2017–2024 (USD Million)
Table 61 APAC: Paints & Coatings Market Size, By Country, 2017–2024 (Kiloton)
Table 62 APAC: Paints & Coatings Market Size, By Country, 2017–2024 (USD Million)
Table 63 APAC: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 64 APAC: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 65 APAC: Paints & Coatings Market Size, By Technology, 2017–2024 (Kiloton)
Table 66 APAC: Paints & Coatings Market Size, By Technology, 2017–2024 (USD Million)
Table 67 APAC: Paints & Coatings Market Size, By Resin Type, 2017–2024 (Kiloton)
Table 68 APAC: Paints & Coatings Market Size, By Resin Type, 2017–2024 (USD Million)
Table 69 APAC: Architectural Paints & Coatings Market Size, By End Use, 2017–2024 (Kiloton)
Table 70 APAC Architectural Paints & Coatings Market Size, By End Use, 2017–2024 (USD Million)
Table 71 APAC: Industrial Paints & Coatings Market Size, By End Use, 2017–2024 (Kiloton)
Table 72 APAC: Industrial Paints & Coatings Market Size, By End Use, 2017–2024 (USD Million)
Table 73 China: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 74 China: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 75 India: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 76 India: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 77 Japan: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 78 Japan: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 79 Indonesia: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 80 Indonesia: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 81 Thailand: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 82 Thailand: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 83 Rest of APAC: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 84 Rest of APAC: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 85 Europe: Paints & Coatings Market Size, By Country, 2017–2024 (Kiloton)
Table 86 Europe: Paints & Coatings Market Size, By Country, 2017–2024 (USD Million)
Table 87 Europe: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 88 Europe: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 89 Europe: Paints & Coatings Market Size, By Technology, 2017–2024 (Kiloton)
Table 90 Europe: Paints & Coatings Market Size, By Technology, 2017–2024 (USD Million)
Table 91 Europe: Paints & Coatings Market Size, By Resin Type, 2017–2024 (Kiloton)
Table 92 Europe: Paints & Coatings Market Size, By Resin Type, 2017–2024 (USD Million)
Table 93 Europe: Architectural Paints & Coatings Market Size, By End Use, 2017–2024 (Kiloton)
Table 94 Europe: Architectural Paints & Coatings Market Size, By End Use, 2017–2024 (USD Million)
Table 95 Europe: Industrial Paints & Coatings Market Size, By End Use, 2017–2024 (Kiloton)
Table 96 Europe: Industrial Paints & Coatings Market Size, By End Use, 2017–2024 (USD Million)
Table 97 Germany: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 98 Germany: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 99 Russia: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 100 Russia: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 101 Italy: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 102 Italy: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 103 Turkey: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 104 Turkey: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 105 France: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 106 France: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 107 UK: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 108 UK: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 109 Spain: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 110 Spain: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 111 Rest of Europe: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 112 Rest of Europe: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 113 North America: Paints & Coatings Market Size, By Country, 2017–2024 (Kiloton)
Table 114 North America: Paints & Coatings Market Size, By Country, 2017–2024 (USD Million)
Table 115 North America: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 116 North America: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 117 North America: Industrial Paints & Coatings Market Size, By Technology, 2017–2024 (Kiloton)
Table 118 North America: Industrial Paints & Coatings Market Size, By Technology, 2017–2024 (USD Million)
Table 119 North America: Paints & Coatings Market Size, By Resin Type, 2017–2024 (Kiloton)
Table 120 North America Paints & Coatings Market Size, By Resin Type, 2017–2024 (USD Million)
Table 121 North America: Architectural Paints & Coatings Market Size, By End Use, 2017–2024 (Kiloton)
Table 122 North America: Architectural Paints & Coatings Market Size, By End Use, 2017–2024 (USD Million)
Table 123 North America: Industrial Paints & Coatings Market Size, By End Use, 2017–2024 (Kiloton)
Table 124 North America: Industrial Paints & Coatings Market Size, By End Use, 2017–2024 (USD Million)
Table 125 US: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 126 US: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 127 Canada: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 128 Canada: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 129 Mexico: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 130 Mexico: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 131 Middle East & Africa: Paints & Coatings Market Size, By Country, 2017–2024 (Kiloton)
Table 132 Middle East & Africa: Paints & Coatings Market Size, By Country, 2017–2024 (USD Million)
Table 133 Middle East & Africa: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 134 Middle East & Africa: Architectural Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 135 Middle East & Africa: Paints & Coatings Market Size, By Technology, 2017–2024 (Kiloton)
Table 136 Middle East & Africa: Paints & Coatings Market Size, By Technology, 2017–2024 (USD Million)
Table 137 Middle East & Africa: Paints & Coatings Market Size, By Resin Type, 2017–2024 (Kiloton)
Table 138 Middle East & Africa: Paints & Coatings Market Size, By Resin Type, 2017–2024 (USD Million)
Table 139 Middle East & Africa: Architectural Paints & Coatings Market Size, By End Use, 2017–2024 (Kiloton)
Table 140 Middle East & Africa: Architectural Paints & Coatings Market Size, By End Use, 2017–2024 (USD Million)
Table 141 Middle East & Africa: Industrial Paints & Coatings Market Size, By End Use, 2017–2024 (Kiloton)
Table 142 Middle East & Africa: Industrial Paints & Coatings Market Size, By End Use, 2017–2024 (USD Million)
Table 143 Saudi Arabia: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 144 Saudi Arabia: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 145 South Africa: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 146 South Africa: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 147 Rest of the Middle East & Africa: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 148 Rest of Middle East & Africa: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 149 South America: Paints & Coatings Market Size, By Country, 2017–2024 (Kiloton)
Table 150 South America: Paints & Coatings Market Size, By Country, 2017–2024 (USD Million)
Table 151 South America: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 152 South America: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 153 South America: Paints & Coatings Market Size, By Technology, 2017–2024 (Kiloton)
Table 154 South America: Paints & Coatings Market Size, By Technology, 2017–2024 (USD Million)
Table 155 South America: Architectural Paints & Coatings Market Size, By Resin Type, 2017–2024 (Kiloton)
Table 156 South America: Architectural Paints & Coatings Market Size, By Resin Type, 2017–2024 (USD Million)
Table 157 South America: Architectural Paints & Coatings Market Size, By End Use, 2017–2024 (Kiloton)
Table 158 South America: Architectural Paints & Coatings Market Size, By End Use, 2017–2024 (USD Million)
Table 159 South America: Industrial Paints & Coatings Market Size, By End Use, 2017–2024 (Kiloton)
Table 160 South America Industrial Paints & Coatings Market Size, By End Use, 2017–2024 (USD Million)
Table 161 Brazil: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 162 Brazil: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 163 Argentina: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 164 Argentina: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 165 Rest of South America: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (Kiloton)
Table 166 Rest of South America: Paints & Coatings Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 167 Investments & Expansions (2015–2019)
Table 168 Mergers & Acquisitions (2016–2019)
Table 169 New Product Launches (2016–2019)
Table 170 Joint Ventures (2016–2019)


List of Figures (45 Figures)

Figure 1 Paints & Coatings: Market Segmentation
Figure 2 Paints & Coatings Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Paints & Coatings Market: Data Triangulation
Figure 6 Acrylic is the Most Widely Used Resin Type for Paints & Coatings
Figure 7 Waterborne Technology to Account for the Largest Share of the Paints & Coatings Market
Figure 8 Industrial Segment to Account for the Larger Share
Figure 9 Automotive OEM to Be the Fastest-Growing End Use of Industrial Coatings
Figure 10 APAC to Remain the Dominant Paints & Coatings Market Till 2024
Figure 11 Emerging Economies to Offer Lucrative Growth Opportunities for Market Players Between 2019 and 2024
Figure 12 Acrylic Resin to Be the Largest Segment By 2024
Figure 13 Waterborne Technology Accounted for the Largest Share in 2018, By Volume
Figure 14 China and US Were the Top Two Paints & Coatings Consumers in 2018
Figure 15 Paints & Coatings Market to Register A Higher CAGR in Developing Countries Than in Developed Countries
Figure 16 India to Register the Highest CAGR During the Forecast Period
Figure 17 Drivers, Restrains, Opportunities, and Challenges in the Paints & Coatings Market
Figure 18 Porter’s Five Forces Analysis
Figure 19 Acrylic Remains the Largest Resin Type Segment in the Paints & Coatings Market
Figure 20 Waterborne Technology to Lead the Paints & Coatings Market Between 2019 and 2024
Figure 21 Industrial Segment to Register the Higher CAGR in the Paints & Coating Market During the Forecast Period
Figure 22 India is Projected to Be the Fastest-Growing Paints & Coatings Market
Figure 23 APAC: Paints & Coatings Market Snapshot
Figure 24 Europe: Paints & Coatings Market Snapshot
Figure 25 North America: Paints & Coatings Market Snapshot
Figure 26 Companies Adopted New Product Launch as the Key Growth Strategy Between 2016 and 2019
Figure 27 Global Paints & Coatings Market (Global) Competitive Leadership Mapping, 2018
Figure 28 Global Paints & Coatings Market Share Analysis, 2018 (In Value)
Figure 29 Akzonobel N.V.: Company Snapshot
Figure 30 PPG Industries: Company Snapshot
Figure 31 Sherwin-Williams Company: Company Snapshot
Figure 32 Axalta Coating System LLC: Company Snapshot
Figure 33 Jotun A/S: Company Snapshot
Figure 34 Nippon Paints Holdings Co., Ltd: Company Snapshot
Figure 35 Asian Paints Limited: Company Snapshot
Figure 36 Kansai Paints Co. Ltd.: Company Snapshot
Figure 37 RPM International Inc: Company Snapshot
Figure 38 Tikkurila OYJ: Company Snapshot
Figure 39 Hempel A/S: Company Snapshot
Figure 40 Berger Paints India Limited: Company Snapshot
Figure 41 Shalimar Paints: Company Snapshot
Figure 42 Masco Corporation: Company Snapshot
Figure 43 BASF Coatings GmbH: Company Snapshot
Figure 44 S K Kaken Co., Ltd.: Company Snapshot
Figure 45 Sacal International Group Ltd.: Company Snapshot

The study involved four major activities in estimating the current market size of paints and coatings. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and subsegments of the overall market.

Secondary Research

This research report involves the use of extensive secondary sources, directories, and databases, such as Bloomberg, BusinessWeek, Factiva, ICIS, and OneSource to identify and collect information useful for the technical, market-oriented, and commercial study of the paints and coatings market. The secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles from recognized authors, authenticated directories, and databases.

Primary Research

The paints and coatings market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations. The demand side of this market is characterized by the development of the architectural, packaging, industrial, and automotive & transportation industries. The supply side included industry experts, such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various companies and organizations operating in the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

Paints & Coatings Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the paints and coatings market. These methods were also used extensively to estimate the sizes of various sub-segments in the market. The research methodology used to estimate the market size includes the following steps:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size-using the estimation processes explained above-the market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To analyze and forecast the paints and coatings market, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze and forecast the size of the market based on technology, resin type, and application
  • To estimate and forecast the market size based on five regions, namely, Asia Pacific (APAC), North America, Europe, the Middle East & Africa, and South America
  • To estimate and forecast the paints and coatings market at the country-level in each of the regions
  • To analyze the market opportunities and competitive landscape of the market leaders and stakeholders
  • To analyze the competitive developments, such as new product launch and merger & acquisition, in the paints and coatings market
  • To strategically identify and profile the key market players and analyze their core competencies

Available Customizations

MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • A further breakdown of the paints and coatings market, by country

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Report Code
CH 3190
Published ON
Aug, 2019
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