Asia Pacific Paints & Coatings Market worth $134.10 billion by 2030
The report "Asia Pacific Paints & Coatings Market by Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Fluoropolymer, Vinyl, Polyester), Technology (Waterborne Coatings, Solvent-borne Coatings, Powder Coatings), End-Use Industry (Architectural, Industrial), Country – Global Forecast to 2030" is projected to grow from USD 104.81 billion in 2025 and to reach USD 134.10 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 5.05% during the forecast period.
Browse 121 market data Tables and 50 Figures spread through 200 Pages and in-depth TOC on "Asia Pacific Paints & Coatings Market by Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Fluoropolymer, Vinyl, Polyester), Technology (Waterborne Coatings, Solvent-borne Coatings, Powder Coatings), End-Use Industry (Architectural, Industrial), Country – Global Forecast to 2030"
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The Asia Pacific paints & coatings market is growing at a high rate based on high urbanization, growth in the construction and infrastructure development, high manufacturing output, and automotive production in China, India, Japan, Indonesia, and Thailand. Additionally, changes in high-performance, durable, and environmentally compliant coatings also enhance the market fundamentals of the region. Moreover, the increasing need for sustainable, durable, and VOC-based formulations is driving the use of the new generation technology in the form of powder, waterborne, UV-curing, and high-solids coatings. These technologies provide greater resistance to corrosion, better weatherability, reduced emissions, and high efficiency in their application to suit the changing regulatory and performance demands of various industries. As the region shifts to the greener way- particularly in China, India, and Japan, the market is highly likely to sustain a robust growth ahead until 2030.
By resin type, the vinyl resins segment is projected to be the fastest-growing segment during the forecast period.
The vinyl resins segment is projected to be the fastest-growing market during the forecast period. A major driver of the segment is their rising application in waterproofing, building coats, emulsions, and cheap industrial applications, especially in India, Indonesia, and Thailand. These resins are known for their affordability, durability, and moisture resistance. Also, they offer excellent resistance to UV, weathering, and retaining colors at low costs. Additionally, they find extensive applications in architectural paints in China, India, Japan, Indonesia, and Thailand, where construction and renovation projects are increasing, driving sustained demand for these resins.
By technology, the powder coatings segment is projected to be the fastest-growing segment during the forecast period.
The powder coatings segment is projected to be the fastest-growing segment during the forecast period due to the advantages these powder coatings offer. Some of these advantages are zero VOC emissions, high durability, outstanding corrosion resistance, and low waste. All these advantages are propelling their rapid adoption in the automotive parts, appliances, industrial machinery, metal finishing, and infrastructure industries. The solvent-borne coating segment is the industry leader because it offers a high level of adhesion, durability, and performance in various climatic conditions. Additionally, their high presence in automotive, industrial, marine, and protective applications is sustaining their overall dominance.
India is projected to witness the highest growth in the Asia Pacific paints & coatings market during the forecast period.
The growth of India can be attributed to rising urbanization, increasing disposable earnings of people, high demand for housing, government-driven infrastructure creation, and growing automotive manufacturing. Additionally, the rapid growth of the construction and automotive manufacturing industries is driving the demand for sustainable and enhanced coating technologies and environmentally friendly decorative paints, which is also fueling growth in India. Moreover, environmental requirements and VOC rules are still compelling industries to move toward waterborne, powder, and high-performance coatings. This factor is pushing the adoption of advanced paints and coatings. Growth is further helped by stringent environmental regulations and the consumption of paints and coatings in the automotive, electronics, marine, and industrial sectors. With urbanization on the rise, the development of infrastructure, and increasing industrial production, the use of powder and high-performance coatings is expected to grow.
Key players profiled in the report include Nippon Paint Holdings Co. Ltd. (Japan), Kansai Paint Co., Ltd. (Japan), Akzo Nobel N.V. (Netherlands), Asian Paints Limited (India), and The Sherwin-Williams Company (US).
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