Paints & Coatings Market

The paints & coatings market is estimated to grow from USD 205.22 billion in 2025 to USD 249.78 billion by 2030, at a CAGR of 4.01%. Growth in the construction industry and real estate expansion remains one of the primary drivers for the paints & coatings market since housing developments, office complexes, and buildings require significant volumes of architectural wall, ceiling, floor, and exterior coatings. Booming urbanization and subsidized housing are pushing construction activities in the developed and developing economies.  In commercial buildings, coatings are highly preferred for their resiliency, cleanliness, and long-term maintainability. Infrastructure projects such as bridges, airports, metro stations, and public amenities also depend on protective coatings to extend asset life and reduce maintenance costs. As construction standards rise, the market is moving increasingly towards coatings that offer long life and low maintenance, fueling demand for paints & coatings.

The dominant strategies prevailing in the paints & coatings market are new product launches and geographic expansion. Companies such as Akzo Nobel N.V. (Netherlands), Nippon Paint Holdings Co., Ltd. (Japan), and Axalta Coating Systems LLC (US) focus on expanding their product portfolios with innovative paints & coatings solutions, while firms like The Sherwin-Williams Company (US), PPG Industries, Inc. (US) emphasize global expansion to strengthen their market presence.

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

The key players profiled in the report include The Sherwin-Williams Company (US), PPG Industries, Inc. (US), Akzo Nobel N.V. (Netherlands), Nippon Paint Holdings Co., Ltd. (Japan), Axalta Coating Systems LLC (US), Asian Paints Limited (India), Kansai Paint Co., Ltd. (Japan), RPM International Inc. (US), BASF Coatings GmbH (Germany), and Jotun A/S (Norway). These companies have adopted several strategies to enhance their position in the market. Some of these involve introducing new technologies, expansions, partnerships, joint ventures, acquisitions, and launching new products to help expand their market share.

The Sherwin-Williams Company is one of the global leaders in manufacturing, developing, distributing, and selling paints, coatings, and related products to professional, industrial, commercial, and retail customers. Sherwin-Williams organizes its businesses into three operating segments: paint stores group, consumer brands group, and performance coatings group. The company offers paints & coatings through all three segments. The paint stores group delivers professional architectural paints, some protective, and marine coatings via direct stores in the Americas. Consumer brands group supplies DIY/retail architectural paints, stains, wood finishes, and sprays through retailers worldwide. Performance coatings group provides specialized high-performance coatings for industrial wood, coil/extrusion, packaging, protective & marine, automotive refinish, and aerospace markets globally.

PPG Industries, Inc. is a global leader in paints, coatings, optical products, specialty materials, glass, and fiberglass. The company operates its business through three reportable segments, namely, performance coatings, global architectural coatings, and industrial coatings. It offers paints & coatings through all three segments. The Global Architectural Coatings segment primarily provides a range of decorative paints, finishes, stains, adhesives, sealants, paint strippers, and related chemical products. Performance coatings deliver refinish, aerospace, protective, marine, and traffic solutions for transportation and infrastructure. Industrial coatings supplies OEM automotive, packaging, coil/extrusion, and general industrial finishes worldwide. The company features over 150 manufacturing facilities and invests significantly in R&D through its primary Coatings Innovation Center in Allison Park, Pennsylvania, which now includes increased laboratory and testing space along with upgraded equipment to enhance technical capabilities for developing and testing advanced paint and coatings solutions.

The market for paints & coatings is competitive, with the top five major players accounting for about 35–37% of the market share. The Sherwin-Williams Company leads the paints & coatings market with a broad and diversified portfolio serving architectural, industrial, automotive, and protective applications, supported by strong brand equity, extensive distribution networks, and continuous innovation. PPG Industries, Inc. boasts a strong global footprint, supplying premium coatings to automotive OEMs, industrial equipment, packaging, and construction, with technology-driven product innovation and a global manufacturing network. Akzo Nobel N.V., a major player in Europe and other key geographies, area of expertise is sustainable and high-performance decorative, marine, protective, and industrial coatings. Nippon Paint Holdings Co., Ltd. boasts a strong footprint in Asia Pacific, fueled by its architectural and industrial coating applications, in addition to its leadership position in high-growth emerging markets. Axalta Coating Systems LLC is a leading global company focused exclusively on coatings, primarily serving the automotive refinish and industrial and transportation industries with its performance coatings business, supported by its strong technology and customer orientation. The rest of the market is catered to by hundreds of regional and local manufacturers covering niche end-uses, generally with competitively priced paints and coatings and tailor-made capabilities to service localized construction, automotive, industrial, and infrastructure needs.

Related Reports:

Paints & Coatings Market by Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Fluoropolymer), Technology (Waterborne Coatings, Solventborne Coatings, Powder Coatings), End-use Industry (Architectural, Industrial), Region - Global Forecast to 2030

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : 1-888-600-6441
sales@marketsandmarkets.com