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The global paints and coatings market is witnessing steady growth on account of rising construction activities around the world. Paints and coatings are extensively used in various industries like construction, automotive, furniture, etc. to protect surfaces from corrosion and deterioration. Rising disposable incomes have increased consumer spending on homes and vehicles in developing nations, thereby propelling the demand for coatings. Furthermore, stringent regulatory norms regarding Volatile organic compounds (VOC) emissions from paints and rapid adoption of bio-based and environment-friendly coatings are providing new avenues for market players. The urban population worldwide is growing fast while infrastructure development in emerging countries remains robust. This is anticipated to drive the continuous uptake of architectural coatings in the foreseeable future. Rising investments in infrastructure development across both developed and developing economies is generating a strong demand for decorative and protective paints and coatings. Additionally, growth in vehicle production and sales is propelling the automotive coatings segment. However, stringent environmental regulations regarding VOC emissions present some challenges.

Market Dynamics:

The global paints and coatings market is driven by factors such as strong growth in the construction sector, rapid urbanization in developing countries, and rising automotive production. However, stringent environmental regulations regarding VOC emissions from paints and volatile raw material costs pose challenges to market players. Switching to bio-based and eco-friendly coating solutions presents significant opportunities in the market. Innovation in products, development of new application techniques, and customization as per customer requirements will help companies gain a competitive edge. The growth of the market is driven by factors such as the increasing demand from the construction and automotive industries, rising investments in infrastructure projects, and technological advancements in the industry.

Key Features of the Study:

  • This report provides an in-depth analysis of the market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
  • It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
  • Key companies covered as a part of this study include - Akzo Nobel N.V, Asian Paints, Axalta Coating Systems, BASF SE, Berger Paints India Limited, Deutsche Amphibolin-Werke Von Robert Murjahn Stiftung & Company, Diamond Vogel Paints, Helios Group, KCC Corporation, Masco Corporation, Nippon Paint, and PPG Industries Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up gradation, market expansion, and marketing tactics.
  • The market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing to this market.

Detailed Segmentation:

  • By Product Type
    • High solids/radiation cure
    • Powder coating
    • Waterborne coatings
    • Solvent-borne coatings
    • Others
  • By Application
    • Automotive & Aviation
    • Medical & healthcare
    • Residential
    • Commercial
    • Others
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East
    • Africa
  • Top Companies in this Market
    • Akzo Nobel N.V
    • Asian Paints
    • Axalta Coating Systems
    • BASF SE
    • Berger Paints India Limited
    • Deutsche Amphibolin-Werke Von Robert Murjahn Stiftung & Company
    • Diamond Vogel Paints
    • Helios Group
    • KCC Corporation
    • Masco Corporation
    • Nippon Paint
    • PPG Industries Inc.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Growth in the construction industry
        • Growing industrialization and infrastructure development
        • Rapid urbanization
      • Restraints
        • Stringent environmental regulations
        • Rising popularity of water-based coatings
      • Opportunities
        • Emergence of water-borne and powder coatings
        • Innovation of bio-based and green coatings
        • Advancements in nanotechnology
    • Key Highlights
    • Regulatory Scenario
    • Recent Trends
    • Product Launches/Approvals
    • PEST Analysis
    • PORTER’s Analysis
    • Mergers, Acquisitions, and Collaborations
  4. Global Paints and Coatings Market - Impact of Coronavirus (COVID-19) Pandemic
    • COVID-19 Epidemiology
    • Supply Side and Demand Side Analysis
    • Economic Impact
  5.  Global Paints and Coatings Market, By Product Type, 2019-2031, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2024-2031(%)
      • Y-o-Y Growth Analysis, 2020 - 2031
      • Segment Trends
    • High solids/radiation cure
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
    • Powder coating
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
    • Waterborne coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
    • Solvent-borne coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
  6. Global Paints and Coatings Market, By Application, 2019-2031, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2024-2031(%)
      • Y-o-Y Growth Analysis, 2020- 2031
      • Segment Trends
    • Automotive & Aviation
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
    • Medical & healthcare
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
    • Residential
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
    • Commercial
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
  7. Global Paints and Coatings Market, By Region, 2019-2031, (US$ Bn)
    • Introduction
      • Market Share Analysis, By Region, 2024-2031(%)
      • Y-o-Y Growth Analysis, For Region, 2020- 2031
      • Country Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Region , 2019-2031,(US$ Bn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
        • Germany
        • U.K.
        • Spain
        • France
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019-2031,(US$ Bn)
        • South Africa
        • Central Africa
        • North Africa
  8. Competitive Landscape
    • Company Profile
      • Akzo Nobel N.V
        • Company Highlights
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Asian Paints
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Axalta Coating Systems
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      •  BASF SE
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Berger Paints India Limited
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Deutsche Amphibolin-Werke Von Robert Murjahn Stiftung & Company
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Diamond Vogel Paints
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Helios Group
        • Company Highlights
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • KCC Corporation
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Masco Corporation
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Nippon Paint
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • PPG Industries Inc.
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us

*Browse 24 market data tables and 28 figures on “Global Paints and Coatings Market” - Global forecast to 2031

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