Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Paints And Coatings Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Paints And Coatings Industry in 2024 and 2025?
The market size for paints and coatings has indeed been increasing in recent years. It is anticipated to go up from $236.23 billion in 2024 to $248.06 billion in 2025, presenting a compound annual growth rate (CAGR) of 5.0%.
What Is the Projected Market Size of the Paints And Coatings Market in 2029?
The Paints and Coatings market is projected to reach a market size of $315.08 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.2%.
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What Are the Key Drivers of Paints And Coatings Market Growth?
The key Drivers in the paints and coatings market are:
• Rising consumption of paints and coatings by various end-user industries.
• Increasing use of paints and coatings in automotive, construction, and manufacturing sectors.
• The need for protective and aesthetic applications in the construction industry.
• Significant growth in privately owned home construction and completion rates.
What Are the Primary Segmentation Categories in the Paints And Coatings Market?
The paints and coatingsmarket covered in this report is segmented –
1) By Type: Water Borne Coatings, Solvent Based Coatings, Powder Coatings, Other Paints and Coatings
2) By Type of Resin: Acrylic, Polyurethanes, Polyesters, Epoxy, Alkyd, Other Type of Resins
3) By Performance Range: Commodity Coating Range, Engineering Coating Range, High-Performance Coating Range
4) By Application: Architectural, Automotive, Wood, Packaging, Aerospace, Other Applications
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What Are the Major Trends Shaping the Paints And Coatings Market in 2025 and Beyond?
The key trends in the paints and coatings market are:
• The use of biocides in paint manufacturing is an emerging trend for enhanced longevity and quality maintainance.
• The transition from solvent-based to water-based paints to minimize environmental and health hazards is a rising trend.
• There is a growing trend of replacing traditional chlorine and formaldehyde-based biocides with eco-friendly alternatives.
• Major companies are adopting these trends despite an increase in the production cost.
Who Are the Emerging Players in the Paints And Coatings Market?
The key players in the paints and coatings market are:
• BASF SE
• Sherwin Williams Company
• PPG Industries Inc.
• Arkema SA
• Akzo Nobel N.V.
• Nippon Paint Holdings Co ltd
• Masco Corporation
• RPM International Inc.
• KCC Corporation
• Axalta Coating Systems ltd.
• Diamond Vogel Paints
• The Valspar Corporation
• Asian Paints Limited
• Kansai Paint Co. Ltd.
• Jotun Group
• Hempel A/S
• DAW SE
• Benjamin Moore & Co.
• Berger Paints India Limited
• Rust-Oleum Corporation
• Dunn-Edwards Corporation
• Tikkurila Oyj
• Nihon Tokushu Toryo Co. Ltd.
• Kelly-Moore Paints
• Tnemec Company Inc.
• Chugoku Marine Paints Ltd.
• Behr Process Corporation
• Vitracoat America Inc.
• National Paints Factories Co. Ltd.
• Shalimar Paints Limited
Which Regions Are Leading the Growth in the Global Paints And Coatings Market?
Asia-Pacific was the largest region in the paints and coatings market in 2024
