This report was recently updated on April 12 2024 with the latest and most recent
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Paints and Coatings Market Analysis - Forecasts to 2025 By Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), By Technology (Water-Based, Solvent-Based, High Solids, Powder Coating), Application (Architectural, Industrial), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), End-use Landscape, Vendor Landscape, and Competitor Analysis | Business Intelligence Report - Global Market Estimates
Market Insights:
The Paints and Coatings market is anticipated to reach USD 214 billion by 2025 growing at a CAGR of more than 6% from 2017 to 2025. The growth of the paints & coatings industry generally depends on the economic growth of different regions which itself is subject to the global political situation.
The growth of the industry is mostly due to increased investments by the key companies to launch efficient and reasonable products. There is a rising demand for functional paints & coatings that gives protection to buildings against harsh climate and other negative impact.
In addition, the increase in demand from pre-engineered buildings has also raised the application of silicon modified polyester and regular modified polyester coatings in both internal & external environments. The industry is expected to be driven by increased need for corrosion layers from industries such as construction, automotive, marine and others.
With the developing interest for repainting and new construction projects all over the world, the construction application segment is expected to witness significant growth in the coming years.
Resin Insights:
The demand for epoxy type is high as they provide a fast-drying, strong, and protective coating. These coatings are quick and easy to apply which make them suitable for a number of applications. The UV curable coatings type is expected to witness an exceptional growth over the coming years.
Technology Insights:
The water-based segment occupied the largest share in 2016. Low volatile organic compound content of these products has contributed to their increased acceptance in developed regions.
Much of the segment’s development can be ascribed to the increasing demand from Asia Pacific. Water-soluble paints are segregated into polyester-based and polyacrylate-based. Cost-viability and high-quality performance are some of the major factors that are projected to drive the growth of this segment over the forecast period.
Application Insights:
Construction paints & coatings have broad utilization in infrastructure development. The recovery of the worldwide housing market, rising interest for home improvement, and better standard of living are expected to generate market in the infrastructure sector.
Several individuals are taking DIY projects for renovating & revamping their houses, thereby increasing the demand for architectural coatings. The demand for products to protect buildings from harsh climatic conditions has increased across the world. These factors contribute to the positive growth of the overall market.
Regional Insights:
Asia Pacific paints and coatings' recorded the largest market share in terms of volume during 2016. The demand from construction in Asia Pacific is very high due to increasing household activities and suitable political conditions.
Asia Pacific is the fastest-growing market with majority of manufacturers setting up their businesses in this region. The rising demand from construction and automotive industry from countries such as China, India, and South Korea play a crucial role in driving the demand in the Asia Pacific region.
End Use Landscape:
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase paint & coating products. The major consumers of the product are Toyota, Volkswagen Group, and General Motors.
Competitor Analysis:
The worldwide market is very competitive and fragmented due to the presence of many players including international as well as regional. Competition in the market is anticipated to increase in the coming years due to absence of product differentiation.
Few of the major players of the market are AkzoNobel N.V. (Netherlands), PPG Industries (U.S.), Axalta Coatings Systems (U.S.), BASF Coatings GmbH (Germany), The Sherwin-Williams Company (U.S.), Asian Paints (India), Kansai Paints (Japan), Jotun A/S (Norway), RPM International (U.S.), Hempel A/S (Denmark), and Nippon Paint Holdings Co., Ltd. (Japan)
Please note: This is not an exhaustive list of companies profiled in the report.
AVANSE, acrylic-binder technology presented by Dow is a coatings breakthrough that has low-VOC content for an extensive range of industrial applications, including, metal finishing and masonry.
1 RESEARCH METHODOLOGY
1.1 DESK RESEARCH
1.2 PRIMARY RESEARCH
1.3 ANALYSIS AND OUTPUT
1.4 FINAL OUTPUT FROM DESK AND PRIMARY RESEARCH
2 ECOSYSTEM OVERVIEW
3 TECHNOLOGICAL TRENDS IN PAINTS AND COATINGS MARKET
4 DEMAND AND SUPPLY MATRIX
4.1 INTRODUCTION
4.2 DEMAND SIDE ANALYSIS
4.2.1 MARKET DRIVERS
4.2.2 MARKET RESTRAINTS
4.2.3 MARKET OPPORTUNITIES
4.2.4 MARKET CHALLENGES
4.3 SUPPLY SIDE ANALYSIS
4.3.1 FUTURE SCENARIO (CAGR% VS. COUNTRY)
4.3.2 MAPPING KEY PAINTS & COATINGS MANUFACTURERS
4.3.3 PORTER’S FIVE FORCES ANALYSIS
4.3.3.1 Threat of new entrants
4.3.3.2 Threat of substitutes
4.3.3.3 Bargaining power of buyers
4.3.3.4 Bargaining power of suppliers
4.3.3.5 Intensity of competitive rivalry
4.3.4 TREND ANALYSIS
4.4 PESTLE ANALYSIS
4.5 IMPACT ANALYSIS
4.6 PATENT LISTING
4.7 BEHAVIOURAL ANALYSIS
4.7.1 KEY MACRO INDICATORS
4.7.2 KEY MICRO INDICATORS
5 REGULATORY FRAMEWORK
6 GLOBAL PAINTS AND COATINGS MARKET, BY RESIN
6.1 INTRODUCTION
6.2 ACRYLIC
6.3 ALKYD
6.4 EPOXY
6.5 POLYURETHANE
6.6 POLYESTER
6.7 OTHERS
7 GLOBAL PAINTS AND COATINGS MARKET, BY TECHNOLOGY
7.1 INTRODUCTION
7.2 WATER-BASED
7.3 SOLVENT-BASED
7.4 HIGH SOLIDS
7.5 POWDER
7.6 OTHERS
8 GLOBAL PAINTS AND COATINGS MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 ARCHITECTURAL
8.2.1 RESIDENTIAL
8.2.2 NON-RESIDENTIAL
8.2.3 INFRASTRUCTURE
8.3 INDUSTRIAL
8.3.1 GENERAL INDUSTRIAL
8.3.2 AUTOMOTIVE
8.3.3 WOOD COATING
8.3.4 MARINE
8.3.5 PACKAGING
8.3.6 AEROSPACE & DEFENCE
8.3.7 OTHERS
9 PAINTS AND COATINGS MARKET, BY REGION
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 BY RESIN
9.2.2 BY TECHNOLOGY
9.2.3 BY APPLICATION
9.2.4 BY COUNTRY
9.2.4.1 U.S.
9.2.4.1.1 By resin
9.2.4.1.2 By technology
9.2.4.1.3 By application
9.2.4.2 Canada
9.2.4.2.1 By resin
9.2.4.2.2 By technology
9.2.4.2.3 By application
9.2.4.3 Mexico
9.2.4.3.1 By resin
9.2.4.3.2 By technology
9.2.4.3.3 By application
9.3 EUROPE
9.3.1 BY RESIN
9.3.2 BY TECHNOLOGY
9.3.3 BY APPLICATION
9.3.4 BY COUNTRY
9.3.4.1 GERMANY
9.3.4.1.1 By resin
9.3.4.1.2 By technology
9.3.4.1.3 By application
9.3.4.2 RUSSIA
9.3.4.2.1 By resin
9.3.4.2.2 By technology
9.3.4.2.3 By application
9.3.4.3 UK
9.3.4.3.1 By resin
9.3.4.3.2 By technology
9.3.4.3.3 By application
9.3.4.4 FRANCE
9.3.4.4.1 By resin
9.3.4.4.2 By technology
9.3.4.4.3 By application
9.3.4.5 ITALY
9.3.4.5.1 By resin
9.3.4.5.2 By technology
9.3.4.5.3 By application
9.3.4.6 SPAIN
9.3.4.6.1 By resin
9.3.4.6.2 By technology
9.3.4.6.3 By application
9.4 ASIA PACIFIC
9.4.1 BY RESIN
9.4.2 BY TECHNOLOGY
9.4.3 BY APPLICATION
9.4.4 BY COUNTRY
9.4.4.1 CHINA
9.4.4.1.1 By resin
9.4.4.1.2 By technology
9.4.4.1.3 By application
9.4.4.2 INDIA
9.4.4.2.1 By resin
9.4.4.2.2 By technology
9.4.4.2.3 By application
9.4.4.3 JAPAN
9.4.4.3.1 By resin
9.4.4.3.2 By technology
9.4.4.3.3 By application
9.4.4.4 SOUTH KOREA
9.4.4.4.1 By resin
9.4.4.4.2 By technology
9.4.4.4.3 By application
9.4.4.5 INDONESIA
9.4.4.5.1 By resin
9.4.4.5.2 By technology
9.4.4.5.3 By application
9.4.4.6 THAILAND
9.4.4.6.1 By resin
9.4.4.6.2 By technology
9.4.4.6.3 By application
9.4.4.7 VIETNAM
9.4.4.7.1 By resin
9.4.4.7.2 By technology
9.4.4.7.3 By application
9.5 CENTRAL AND SOUTH AMERICA
9.5.1 BY RESIN
9.5.2 BY TECHNOLOGY
9.5.3 BY APPLICATION
9.5.4 BY COUNTRY
9.5.4.1 BRAZIL
9.5.4.1.1 By resin
9.5.4.1.2 By technology
9.5.4.1.3 By application
9.5.4.2 ARGENTINA
9.5.4.2.1 By resin
9.5.4.2.2 By technology
9.5.4.2.3 By application
9.6 MIDDLE EAST AND AFRICA
9.6.1 BY RESIN
9.6.2 BY TECHNOLOGY
9.6.3 BY APPLICATION
9.6.4 BY COUNTRY
9.6.4.1 SAUDI ARABIA
9.6.4.1.1 By resin
9.6.4.1.2 By technology
9.6.4.1.3 By application
9.6.4.2 EGYPT
9.6.4.2.1 By resin
9.6.4.2.2 By technology
9.6.4.2.3 By application
9.6.4.3 SOUTH AFRICA
9.6.4.3.1 By resin
9.6.4.3.2 By technology
9.6.4.3.3 By application
10 GLOBAL PAINTS AND COATINGS MARKET: END-USER LANDSCAPE (CONSUMER PROFILE)
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.3 EUROPE
10.4 ASIA-PACIFIC
10.5 MIDDLE EAST & AFRICA
10.6 CENTRAL & SOUTH AMERICA
11 VENDOR LANDSCAPE (SUPPLIERS/MANUFACTURERS/DISTRIBUTORS)
11.1 NORTH AMERICA
11.2 EUROPE
11.3 ASIA-PACIFIC
11.4 MIDDLE EAST & AFRICA
11.5 CENTRAL & SOUTH AMERICA
12 COMPANY PROFILE
12.1 AKZONOBEL N.V.
12.1.1 BUSINESS DESCRIPTION
12.1.2 FINANCIAL PERFORMANCE
12.1.3 SWOT ANALYSIS
12.1.4 PRODUCTS AND SERVICES OFFERED
12.1.5 STRATEGIC INITIATIVES
12.2 PPG INDUSTRIES
12.2.1 BUSINESS DESCRIPTION
12.2.2 FINANCIAL PERFORMANCE
12.2.3 SWOT ANALYSIS
12.2.4 PRODUCTS AND SERVICES OFFERED
12.2.5 STRATEGIC INITIATIVES
12.3 SHERWIN-WILLIAMS COMPANY
12.3.1 BUSINESS DESCRIPTION
12.3.2 FINANCIAL PERFORMANCE
12.3.3 SWOT ANALYSIS
12.3.4 PRODUCTS AND SERVICES OFFERED
12.3.5 STRATEGIC INITIATIVES
12.4 AXALTA COATING SYSTEM LLC
12.4.1 BUSINESS DESCRIPTION
12.4.2 FINANCIAL PERFORMANCE
12.4.3 SWOT ANALYSIS
12.4.4 PRODUCTS AND SERVICES OFFERED
12.4.5 STRATEGIC INITIATIVES
12.5 JOTUN A/S.
12.5.1 BUSINESS DESCRIPTION
12.5.2 FINANCIAL PERFORMANCE
12.5.3 SWOT ANALYSIS
12.5.4 PRODUCTS AND SERVICES OFFERED
12.5.5 STRATEGIC INITIATIVES
12.6 NIPPON PAINT HOLDINGS CO., LTD. .
12.6.1 BUSINESS DESCRIPTION
12.6.2 FINANCIAL PERFORMANCE
12.6.3 SWOT ANALYSIS
12.6.4 PRODUCTS AND SERVICES OFFERED
12.6.5 STRATEGIC INITIATIVES
12.7 ASIAN PAINTS LIMITED
12.7.1 BUSINESS DESCRIPTION
12.7.2 FINANCIAL PERFORMANCE
12.7.3 SWOT ANALYSIS
12.7.4 PRODUCTS AND SERVICES OFFERED
12.7.5 STRATEGIC INITIATIVES
12.8 KANSAI PAINTS CO., LTD.
12.8.1 BUSINESS DESCRIPTION
12.8.2 FINANCIAL PERFORMANCE
12.8.3 SWOT ANALYSIS
12.8.4 PRODUCTS AND SERVICES OFFERED
12.8.5 STRATEGIC INITIATIVES
12.9 RPM INTERNATIONAL INC.
12.9.1 BUSINESS DESCRIPTION
12.9.2 FINANCIAL PERFORMANCE
12.9.3 SWOT ANALYSIS
12.9.4 PRODUCTS AND SERVICES OFFERED
12.9.5 STRATEGIC INITIATIVES
12.10 VALSPAR CORPORATION
12.10.1 BUSINESS DESCRIPTION
12.10.2 FINANCIAL PERFORMANCE
12.10.3 SWOT ANALYSIS
12.10.4 PRODUCTS AND SERVICES OFFERED
12.10.5 STRATEGIC INITIATIVES
12.11 TIKKURILA OYJ
12.11.1 BUSINESS DESCRIPTION
12.11.2 FINANCIAL PERFORMANCE
12.11.3 SWOT ANALYSIS
12.11.4 PRODUCTS AND SERVICES OFFERED
12.11.5 STRATEGIC INITIATIVES
12.12 HEMPEL A/S.
12.12.1 BUSINESS DESCRIPTION
12.12.2 FINANCIAL PERFORMANCE
12.12.3 SWOT ANALYSIS
12.12.4 PRODUCTS AND SERVICES OFFERED
12.12.5 STRATEGIC INITIATIVES
12.13 BERGER PAINTS INDIA LIMITED
12.13.1 BUSINESS DESCRIPTION
12.13.2 FINANCIAL PERFORMANCE
12.13.3 SWOT ANALYSIS
12.13.4 PRODUCTS AND SERVICES OFFERED
12.13.5 STRATEGIC INITIATIVES
12.14 SHALIMAR PAINTS
12.14.1 BUSINESS DESCRIPTION
12.14.2 FINANCIAL PERFORMANCE
12.14.3 SWOT ANALYSIS
12.14.4 PRODUCTS AND SERVICES OFFERED
12.14.5 STRATEGIC INITIATIVES
12.15 S K KAKEN CO., LTD
12.15.1 BUSINESS DESCRIPTION
12.15.2 FINANCIAL PERFORMANCE
12.15.3 SWOT ANALYSIS
12.15.4 PRODUCTS AND SERVICES OFFERED
12.15.5 STRATEGIC INITIATIVES
The global paints and coatings market report has been studied from the year 2016 till 2025. However, the CAGR provided in the market study is from the year 2017 to 2025. The market research methods involved three stages: Desk research, Primary survey research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the industry analysis; industry trends; market analysis; market trends; market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the paints and coatings market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, VPs, CEOs, COOs, financial consultants, business consultants, strategy consultants, project management consultants, business management consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, demand forecasting, market share analysis, SWOT analysis of the companies, and customer analytics.
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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