Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Exterior Paint Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Exterior Paint Market?
The exterior paint market has seen significant growth recently, increasing from $14.78 billion in 2024 to $16.06 billion in 2025, representing a compound annual growth rate (CAGR) of 8.6%.
What Is the Forecasted CAGR for the Exterior Paint Market by 2029?
The exterior paint market is projected to reach a size of $22.41 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.7%.
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What Are the Market Drivers in the Exterior Paint Industry?
The key Drivers in the exterior paint market are:
• Increased spending on infrastructure development
• Growing urban populations driving demand for new buildings
• Increased need for building preservation and protection against climate-related events
• Global connectivity and trade, increasing the necessity for infrastructure improvements
What Is the Segment-Wise Breakdown of the Exterior Paint Market?
The exterior paintmarket covered in this report is segmented –
1) By Type: Silicone, Epoxy, Acrylic, Polyurethane, Other Types
2) By Product Type: Water-Based Paints, Solvent-Based Paints, Other Products Types
3) By Applications: Residential Buildings, Commercial Buildings, Industrial Buildings, Other Applications
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Which Emerging Trends Are Driving Growth in the Exterior Paint Sector?
The key trends in the exterior paint market are:
• The exterior paint market is witnessing a surge in the use of water-beading technology-based products.
• Companies are capitalizing on the development of innovative technological paint solutions to compete.
• Paints offering extensive protection against water damage, fading, cracking, and peeling represent a growing trend.
• Products that provide superior coverage to conceal stains in one coat and quick-drying features are becoming increasingly popular.
Which Companies Are Dominating the Exterior Paint Market in Terms of Revenue?
The key players in the exterior paint market are:
• BASF SE
• Sherwin-Williams Company
• PPG Industries Inc.
• Akzo Nobel N.V.
• Nippon Paint Holdings Co. Ltd.
• Masco Corporation
• RPM International Inc.
• Axalta Coating Systems Ltd.
• Diamond Vogel Paints
• Asian Paints Limited
• Valspar Corporation
• H.B. Fuller Company
• Kansai Paint Co. Ltd.
• Hempel A/S
• Jotun Group
• DAW SE
• Tikkurila Oyj
• Berger Paints India Limited
• Benjamin Moore & Co.
• Rust-Oleum Corporation
• Dunn-Edwards Corporation
• Cromology
• TOA Group
• Farrow & Ball Limited
What Are the Regions Driving Demand in the Exterior Paint Market?
Asia-Pacific was the largest region in the exterior paint market in 2024
