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Paints and Coatings Market Size to Rake US$ 209.09  billion by 2027

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The Paints and Coatings market size is predicted to hit around US$ 209.09  billion by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2021 to 2027.

The Paints and Coatings market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.

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This research report evaluates the Paints and Coatings market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global Paints and Coatings market for the period from 2017 to 2027.

Growth Factors

Rising demand for high-performance coatings is one of the prime factors that driver the growth of the paints & coatings market. High-performance coating includes corrosion-resistant coatings, low-temperature and high-temperature coatings, and other coating products that are primarily used for commercial applications.

On the other hand, the fluctuating price of raw materials owing to the volatility in the prices of crude oil restricts the market growth for the paints & coatings product during the analysis period. In addition, stringent regulations pertaining to the implementation of solvent-borne paints & coatings expected to impart major challenges for the growth of the paints & coatings market.

Market Report Scope

Report Highlights Details
Market Size USD 209.09 Billion by 2027
Growth Rate CAGR of 4.5% from 2021 to 2027
Largest Market Asia Pacific
Fastest Growing Market Europe
Base Year 2021
Forecast Period 2021 to 2027

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This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Paints and Coatings market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global Paints and Coatings market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

Key Highlights

  • The Asia Pacific covered the major part of the global revenue and accounted for more than 35% share in 2019 owing to increasing construction activities and rising demand from the automotive industry
  • Europe holds the second largest position and accounted for more than 27% of value share in 2019 due to growing the construction activities across various countries
  • The waterborne segment dominated the global market with a value share of more than 37% in 2019 owing to rising spending in the construction industry
  • The solvent-borne coatings segment estimated to register slower growth rate compared to other types of products because of stringent government regulations for the products containing VOC
  • The architectural & decorative segment captured major market share and accounted for nearly 60% of value share in 2019 owing to significant development of road and rail infrastructure
  • The Asia Pacific capture the major market value share of more than 35% in the year 2019 and anticipated to register prominent growth over the forthcoming timeframe.
  • Europe holds the second largest position in the global paints and coatings market with more than 27% of value share in 2019.

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Competition Landscape

In the final section of the research report, Precedence Research provided the global Paints and Coatings market structure and a detailed competition landscape to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the Paints and Coatings market include:

  • Akzo Nobel N.V.
  • PPG Industries, Inc.
  • The Sherwin-Williams Company
  • Jotun
  • Axalta Coating Systems, LLC
  • RPM International Inc.
  • Henkel AG & Company, KGaA
  • BASF SE
  • Kansai Paint Co., Ltd.
  • Hempel A/S
  • Nippon Paint Holdings Co., Ltd.
  • Sika AG
  • Beckers Group
  • 3M
  • The Chemours Company

Market Segmentation

By Material

  • Polyester
  • Acrylic
  • Alkyd
  • Epoxy
  • Polyurethane
  • Others

By Product

  • Solvent-borne Coatings
  • Waterborne Coatings
  • Powder Coatings
  • High Solids/Radiation Curing
  • Others (Specialty Coatings)

By Application

  • Non-Architectural
    • Wood
    • Automotive & Transportation
    • General Industrial
    • Protective
    • Marine
    • Others
  • Architectural & Decorative

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Most Asked Questions –

What was the market size value of the Paints and Coatings in 2020?

What is the expected market size by 2027?

What is the Paints and Coatings market growth?

What are the key factors that positively influence market growth?

Who are the prominent players in the Paints and Coatings market?

Why Buy this Report?

The purpose of Precedence Research’s Paints and Coatings market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. DataSources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Paints and Coatings Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Paints and Coatings Market

5.1. Covid-19: Paints and Coatings Industry Impact
5.2. Paints and Coatings Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Paints and Coatings Opportunities in the COVID-19 Landscape
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Paints and Coatings Manufacturers to deal with Covid-19 Pandemic Scenario

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition

Chapter 7. Global Paints and Coatings Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Paints and Coatings MarketRevenue (USD Million) by Manufacturer (2015-2020)
7.1.1.2. Paints and Coatings MarketRevenue (USD Million) Market Share by Manufacturer (2015-2020)
7.1.1.3. Paints and Coatings MarketProduction (tons) by Manufacturer (2015-2020)
7.1.1.4. Paints and Coatings MarketProduction (tons) Share by Manufacturer (2015-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Capacity Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers

Chapter 8. Global Paints and Coatings Market, By Product Type

8.1. Paints and Coatings Market, by Product Type, 2016-2027
8.1.1. Polyester
8.1.1.1. Market Revenue (USD Million) and Forecast (2016-2027)
8.1.1.2. Market Production (tons) and Forecast (2016-2027)
8.1.2. Acrylic
8.1.2.1. Market Revenue (USD Million) and Forecast (2016-2027)
8.1.2.2. Market Production (tons) and Forecast (2016-2027)
8.1.3. Alkyd
8.1.3.1. Market Revenue (USD Million) and Forecast (2016-2027)
8.1.3.2. Market Production (tons) and Forecast (2016-2027)
8.1.4. Epoxy
8.1.4.1. Market Revenue (USD Million) and Forecast (2016-2027)
8.1.4.2. Market Production (tons) and Forecast (2016-2027)
8.1.5. Polyurethane
8.1.5.1. Market Revenue (USD Million) and Forecast (2016-2027)
8.1.5.2. Market Production (tons) and Forecast (2016-2027)

Chapter 9. Global Paints and Coatings Market, By Application

9.1. Paints and Coatings Market, by Application, 2016-2027
9.1.1. Solvent-borne Coatings
9.1.1.1. Market Revenue (USD Million) and Forecast (2016-2027)
9.1.1.2. Market Consumption (tons) and Forecast (2016-2027)
9.1.2. Waterborne Coatings
9.1.2.1. Market Revenue (USD Million) and Forecast (2016-2027)
9.1.2.2. Market Consumption (tons) and Forecast (2016-2027)
9.1.3. Powder Coatings
9.1.3.1. Market Revenue (USD Million) and Forecast (2016-2027)
9.1.3.2. Market Consumption (tons) and Forecast (2016-2027)
9.1.4. High Solids/Radiation Curing
9.1.4.1. Market Revenue (USD Million) and Forecast (2016-2027)
9.1.4.2. Market Consumption (tons) and Forecast (2016-2027)
9.1.5. Others (Specialty Coatings)
9.1.5.1. Market Revenue (USD Million) and Forecast (2016-2027)
9.1.5.2. Market Consumption (tons) and Forecast (2016-2027)

Chapter 10. Global Paints and Coatings Market, By End-User

10.1. Paints and Coatings Market, by End-User, 2016-2027
10.1.1. Non-Architectural
10.1.1.1. Market Revenue (USD Million) and Forecast (2016-2027)
10.1.1.2. Market Consumption (tons) and Forecast (2016-2027)
10.1.2. Architectural & Decorative
10.1.2.1. Market Revenue (USD Million) and Forecast (2016-2027)
10.1.2.2. Market Consumption (tons) and Forecast (2016-2027)

Chapter 11. Global Paints and Coatings Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue (USD Million) and Production (tons) Forecast by Product (2016-2027)
11.1.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application (2016-2027)
11.1.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User (2016-2027)
11.1.4. U.S
11.1.4.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.1.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.1.5. Canada
11.1.5.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.1.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.2. Europe
11.2.1. Market Revenue (USD Million) and Production (tons) Forecast by Product (2016-2027)
11.2.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application (2016-2027)
11.2.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User (2016-2027)
11.2.4. UK
11.2.4.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.2.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.2.5. Germany
11.2.5.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.2.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.2.6. France
11.2.6.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.2.6.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.2.7. Rest of EU
11.2.7.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.2.7.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue (USD Million) and Production (tons) Forecast by Product (2016-2027)
11.3.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application (2016-2027)
11.3.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User (2016-2027)
11.3.4. China
11.3.4.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.3.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.3.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.3.6. Japan
11.3.6.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.3.6.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.3.7.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.4. LATAM
11.4.1. Market Revenue (USD Million) and Production (tons) Forecast by Product (2016-2027)
11.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application (2016-2027)
11.4.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User (2016-2027)
11.4.4. Brazil
11.4.4.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.4.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.4.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue (USD Million) and Production (tons) Forecast by Product (2016-2027)
11.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application (2016-2027)
11.5.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User (2016-2027)
11.5.4. GCC
11.5.4.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.5.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.5.5. North Africa
11.5.5.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.5.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.5.6. South Africa
11.5.6.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.5.6.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.5.7.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)

Chapter 12. Company Profiles

12.1. Akzo Nobel N.V.
12.1.1. Company Overview, Business Information, Manufacturing Area
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Application
12.1.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.1.4. Recent Developments and Strategies
12.2. PPG Industries, Inc.
12.2.1. Company Overview, Business Information, Manufacturing Area
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Application
12.2.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.2.4. Recent Developments and Strategies
12.3. The Sherwin-Williams Company
12.3.1. Company Overview, Business Information, Manufacturing Area
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Application
12.3.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.3.4. Recent Developments and Strategies
12.4. Jotun
12.4.1. Company Overview, Business Information, Manufacturing Area
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Application
12.4.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.4.4. Recent Developments and Strategies
12.5. Axalta Coating Systems, LLC
12.5.1. Company Overview, Business Information, Manufacturing Area
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Application
12.5.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.5.4. Recent Developments and Strategies
12.6. RPM International Inc.
12.6.1. Company Overview, Business Information, Manufacturing Area
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Application
12.6.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.6.4. Recent Developments and Strategies
12.7. Henkel AG & Company, KGaA
12.7.1. Company Overview, Business Information, Manufacturing Area
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Application
12.7.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.7.4. Recent Developments and Strategies
12.8. BASF SE
12.8.1. Company Overview, Business Information, Manufacturing Area
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Application
12.8.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.8.4. Recent Developments and Strategies
12.9. Kansai Paint Co., Ltd.
12.9.1. Company Overview, Business Information, Manufacturing Area
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Application
12.9.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.9.4. Recent Developments and Strategies
12.10. 3M
12.10.1. Company Overview, Business Information, Manufacturing Area
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Application
12.10.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.10.4. Recent Developments and Strategies
12.11. Beckers Group
12.11.1. Company Overview, Business Information, Manufacturing Area
12.11.2. Product Portfolio Analysis
12.11.2.1. Product Details, Specification, Application
12.11.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.11.4. Recent Developments and Strategies
12.12. Nippon Paint Holdings Co., Ltd.
12.12.1. Company Overview, Business Information, Manufacturing Area
12.12.2. Product Portfolio Analysis
12.12.2.1. Product Details, Specification, Application
12.12.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.12.4. Recent Developments and Strategies
12.13. The Chemours Company.
12.13.1. Company Overview, Business Information, Manufacturing Area
12.13.2. Product Portfolio Analysis
12.13.2.1. Product Details, Specification, Application
12.13.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.13.4. Recent Developments and Strategies
12.14. Sika AG
12.14.1. Company Overview, Business Information, Manufacturing Area
12.14.2. Product Portfolio Analysis
12.14.2.1. Product Details, Specification, Application
12.14.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.14.4. Recent Developments and Strategies
12.15. Hempel A/S
12.15.1. Company Overview, Business Information, Manufacturing Area
12.15.2. Product Portfolio Analysis
12.15.2.1. Product Details, Specification, Application
12.15.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.15.4. Recent Developments and Strategies

Chapter 13. Research Methodology

13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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