Market Research Report

Global Paints And Coatings Market Report By Resin Type (Acrylic, Polyester, Polyurethane, Epoxy, And Others), Formulation (Water-Based, Solvent-Based, Powder Coatings, And UV Coatings), Application (Architectural And Decorative, Industrial, And Marine) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028

ID:VMR11210117
March 2022
Report Formats: Electronic (PDF), MS EXCEL

Booming construction, automotive, aerospace, and other end-use industries are driving the market growth. Use of paints and coating to give better visual appeal, texture, to increases shelf-life and protect the product from external damage is further fueling its demand in end-use industries. Also, stringent governmental mandates on the usage of low VOC, bio-based paints is contributing significantly to the growth of eco-friendly paints and coating market. In addition to this, on-going construction projects, rapid urbanization, and industrialization are presumed to raise the market demand in the following years.

The latest report by Value Market Research expects the Global Paint And Coating Market was valued USD 145 billion in 2017 and is likely to reach USD 218.0 billion by 2024 with the CAGR of 6%.
 
WATER BORNE PAINTS LED THE SEGMENT
By technology, water borne paints emerged as the leading segment and are presumed to continue the trend in forecasting period. In 2017, waterborne paints accounting for X.X% of the total market share. Strict mandates imposed by USEPA on use of low VOC paints to reduce environmental pollution are driving the segment growth. Also, advantages such as better adhesion, low toxicity & flammability, better heat and abrasion resistance, relatively cheap are further fueling its demand in end-use industries.
 
EPOXY RESIN DOMINATED THE RESIN SEGMENT
In 2017, epoxy resin led the segment and has accounted for X.X% of the total market share. Owing to better mechanical, thermal stress, mould resistance, better adhesion & wetting properties, improved flexural strength and low shrinkage time is driving the segment growth. Also, better adaptability of resin has widened its application in epoxy flooring, neutralization tanks, separator vessel and pipelines are further fueling the segment demand.
 
ARCHITECTURAL COATING LED THE APPLICATION SEGMENT
In 2017, architectural coating dominated the application segment and has accounted for over 50% of the total market share. Rising construction activities, increased expenditure on architectural infrastructures and high demand for improved paints and coatings to beautify the infrastructural buildings is driving the segment growth. Wide application areas of architectural coatings in the interior such as wall painting, sculptures, furniture, and others are further boosting the segment growth.

ASIA PACIFIC DOMINATED THE REGIONAL MARKET
Geographically, Asia Pacific led the market and has accounted for approx. 35% of the total market share in 2017. Booming construction and automobile sector in emerging economies such as China and India are driving the market growth. Low labor cost, increased per capita income, ongoing industrialization and urbanization are another socio-economic factors fueling the market growth in Asia Pacific.
 
KEY PLAYERS OF THE MARKET
BASF SE, PPG Industries, Sherwin-Williams Company, AkzoNobel, Axalta Coating System, Valspar Corporation, RPM International Inc., Nippon Paint Holdings and Jotun Group are the prominent manufacturers of paints and coatings market.

As per this study, the Global Paints And Coatings Market was valued USD XX BN (by revenue) in 2021 and is anticipated to reach USD XX BN by 2028 with a CAGR of XX%. By volume, the market was estimated at XX KT in 2021 and is expected to reach XX KT by 2028 with a CAGR of XX%.
 
Paints and coatings are liquid compositions which are converted into solid films after being applied to any material. They are basically used for the functional or decorative purpose. They are used to enhance the appearance of the material and ensure the safety, durability and extend the shelf life of the material. They have application across construction, automotive, aerospace, rail coating, packaging, and other general industries.
 
Market Dynamics
 
The growth of paints and coating market can be attributed to the growing demand from the automotive, furniture, construction, and other manufacturing sectors where coatings are used to enhance the appearance of the product. Also, growing innovation in the formulation of paints and coating technology along with the expansion of product portfolio is further driving the market growth. On the other hand, rising environmental concern coupled with the high price of the raw material is likely to limit the market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis, and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of paints and coatings.
 
Market Segmentation
 
The broad paints and coatings market has been sub-grouped into resin type, formulation, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Resin Type
  • Acrylic
  • Polyester
  • Polyurethane
  • Epoxy
  • Others
 
By Formulation
  • Water-Based
  • Solvent-Based
  • Powder Coatings
  • UV Coatings
 
By Application
  • Architectural And Decorative
  • Industrial
  • Marine
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for paints and coatings in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Asia Pacific Paints And Coatings Market By Revenue (USD MN)
 
Global Paints And Coatings Market Share
 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the paints and coatings market include Akzo Nobel N. V., Axalta Coating Systems Ltd., BASFR SE, Berger Paints India Limited, Jotun A/S, Kansai Paint Co. Ltd., Masco Corporation, PPG Industries Inc., RPM International Inc., Shalimar Paints Limited, and The Sherwin-Williams Company. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand. 

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . PAINTS AND COATINGS – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 Market Attractiveness Analysis By Resin Type
           3.7.2 Market Attractiveness Analysis By Formulation
           3.7.3 Market Attractiveness Analysis By Application
           3.7.4 Market Attractiveness Analysis By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic 
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL PAINTS AND COATINGS MARKET ANALYSIS BY RESIN TYPE
       6.1 Overview by Resin Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Resin Type
       6.4 Acrylic Historic and Forecast Sales by Regions
       6.6 Polyester Historic and Forecast Sales by Regions
       6.5 Polyurethane Historic and Forecast Sales by Regions
       6.7 Epoxy Historic and Forecast Sales by Regions
       6.8 Others Historic and Forecast Sales by Regions
 
7 . GLOBAL PAINTS AND COATINGS MARKET ANALYSIS BY FORMULATION
       7.1 Overview by Formulation
       7.2 Historical and Forecast Data
       7.3 Analysis by Formulation
       7.4 Water-Based Historic and Forecast Sales by Regions
       7.5 Solvent-Based Historic and Forecast Sales by Regions
       7.6 Powder Coatings Historic and Forecast Sales by Regions
       7.7 UV Coatings Historic and Forecast Sales by Regions
 
8 . GLOBAL PAINTS AND COATINGS MARKET ANALYSIS BY APPLICATION
       8.1 Overview by Application
       8.2 Historical and Forecast Data
       8.3 Analysis by Application
       8.4 Architectural And Decorative Historic and Forecast Sales by Regions
       8.5 Industrial Historic and Forecast Sales by Regions
       8.6 Marine Historic and Forecast Sales by Regions
 
9 . GLOBAL PAINTS AND COATINGS MARKET ANALYSIS BY GEOGRAPHY
       9.1. Regional Outlook
       9.2. Introduction
       9.3. North America Sales Analysis
           9.3.1. Overview, Historic and Forecast Data  Sales Analysis
           9.3.2. North America By Segment Sales Analysis
           9.3.3. North America By Country Sales Analysis
           9.3.4. United State Sales Analysis
           9.3.5. Canada Sales Analysis
           9.3.6. Mexico Sales Analysis
       9.4. Europe Sales Analysis
           9.4.1. Overview, Historic and Forecast Data  Sales Analysis
           9.4.2. Europe by Segment Sales Analysis
           9.4.3. Europe by Country Sales Analysis
           9.4.4. United Kingdom Sales Analysis
           9.4.5. France Sales Analysis
           9.4.6. Germany Sales Analysis
           9.4.7. Italy Sales Analysis
           9.4.8. Russia Sales Analysis
           9.4.9. Rest Of Europe Sales Analysis
       9.5. Asia Pacific Sales Analysis
           9.5.1. Overview, Historic and Forecast Data  Sales Analysis
           9.5.2. Asia Pacific by Segment Sales Analysis
           9.5.3. Asia Pacific by Country Sales Analysis
           9.5.4. China Sales Analysis
           9.5.5. India Sales Analysis
           9.5.6. Japan Sales Analysis
           9.5.7. South Korea Sales Analysis
           9.5.8. Australia Sales Analysis
           9.5.9. Rest Of Asia Pacific Sales Analysis
       9.6. Latin America Sales Analysis
           9.6.1. Overview, Historic and Forecast Data  Sales Analysis
           9.6.2. Latin America by Segment Sales Analysis
           9.6.3. Latin America by Country Sales Analysis
           9.6.4. Brazil Sales Analysis
           9.6.5. Argentina Sales Analysis
           9.6.6. Peru Sales Analysis
           9.6.7. Chile Sales Analysis
           9.6.8. Rest of Latin America Sales Analysis
       9.7. Middle East & Africa Sales Analysis
           9.7.1. Overview, Historic and Forecast Data  Sales Analysis
           9.7.2. Middle East & Africa by Segment Sales Analysis
           9.7.3. Middle East & Africa by Country Sales Analysis
           9.7.4. Saudi Arabia Sales Analysis
           9.7.5. UAE Sales Analysis
           9.7.6. Israel Sales Analysis
           9.7.7. South Africa Sales Analysis
           9.7.8. Rest Of Middle East And Africa Sales Analysis
 
10 . COMPETITIVE LANDSCAPE OF THE PAINTS AND COATINGS COMPANIES
       10.1. Paints And Coatings Market Competition
       10.2. Partnership/Collaboration/Agreement
       10.3. Merger And Acquisitions
       10.4. New Product Launch
       10.5. Other Developments
 
11 . COMPANY PROFILES OF PAINTS AND COATINGS INDUSTRY
       11.1. Company Share Analysis
       11.2. Market Concentration Rate
       11.3. Akzo Nobel N. V.
           11.3.1. Company Overview
           11.3.2. Company Revenue
           11.3.3. Products
           11.3.4. Recent Developments
       11.4. Axalta Coating Systems Ltd.
           11.4.1. Company Overview
           11.4.2. Company Revenue
           11.4.3. Products
           11.4.4. Recent Developments
       11.5. BASFR SE
           11.5.1. Company Overview
           11.5.2. Company Revenue
           11.5.3. Products
           11.5.4. Recent Developments
       11.6. Berger Paints India Limited
           11.6.1. Company Overview
           11.6.2. Company Revenue
           11.6.3. Products
           11.6.4. Recent Developments
       11.7. Jotun A/S
           11.7.1. Company Overview
           11.7.2. Company Revenue
           11.7.3. Products
           11.7.4. Recent Developments
       11.8. Kansai Paint Co. Ltd.
           11.8.1. Company Overview
           11.8.2. Company Revenue
           11.8.3. Products
           11.8.4. Recent Developments
       11.9. Masco Corporation
           11.9.1. Company Overview
           11.9.2. Company Revenue
           11.9.3. Products
           11.9.4. Recent Developments
       11.10. PPG Industries Inc.
           11.10.1. Company Overview
           11.10.2. Company Revenue
           11.10.3. Products
           11.10.4. Recent Developments
       11.11. RPM International Inc.
           11.11.1. Company Overview
           11.11.2. Company Revenue
           11.11.3. Products
           11.11.4. Recent Developments
       11.12. Shalimar Paints Limited
           11.12.1. Company Overview
           11.12.2. Company Revenue
           11.12.3. Products
           11.12.4. Recent Developments
       11.13. The Sherwin-Williams Company.
           11.13.1. Company Overview
           11.13.2. Company Revenue
           11.13.3. Products
           11.13.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies

 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Resin Type (Kilo Ton and USD MN)
  •  Acrylic Market Sales by Geography (Kilo Ton and USD MN)
  •  Polyester Market Sales by Geography (Kilo Ton and USD MN)
  •  Polyurethane Market Sales by Geography (Kilo Ton and USD MN)
  •  Epoxy Market Sales by Geography (Kilo Ton and USD MN)
  •  Others Market Sales by Geography (Kilo Ton and USD MN)
  •  Analysis Market by Formulation (Kilo Ton and USD MN)
  •  Water-Based Market Sales by Geography (Kilo Ton and USD MN)
  •  Solvent-Based Market Sales by Geography (Kilo Ton and USD MN)
  •  Powder Coatings Market Sales by Geography (Kilo Ton and USD MN)
  •  UV Coatings Market Sales by Geography (Kilo Ton and USD MN)
  •  Analysis by Application (Kilo Ton and USD MN)
  •  Architectural And Decorative Market Sales by Geography (Kilo Ton and USD MN)
  •  Industrial Market Sales by Geography (Kilo Ton and USD MN)
  •  Marine Market Sales by Geography (Kilo Ton and USD MN)
  •  Global Paints And Coatings Market Sales by Geography (Kilo Ton and USD MN)
  •  North America Market Analysis (Kilo Ton and USD MN)
  •  United State Market Analysis (Kilo Ton and USD MN)
  •  Canada Market Analysis (Kilo Ton and USD MN)
  •  Mexico Market Analysis (Kilo Ton and USD MN)
  •  Europe Market Analysis (Kilo Ton and USD MN)
  •  Europe Market Estimate by Country (Kilo Ton and USD MN)
  •  United Kingdom Market Analysis (Kilo Ton and USD MN)
  •  France Market Analysis (Kilo Ton and USD MN)
  •  Germany Market Analysis (Kilo Ton and USD MN)
  •  Italy Market Analysis (Kilo Ton and USD MN)
  •  Russia Market Analysis (Kilo Ton and USD MN)
  •  Spain Market Analysis (Kilo Ton and USD MN)
  •  Rest of Europe Market Analysis (Kilo Ton and USD MN)
  •  Asia Pacific Market Analysis (Kilo Ton and USD MN)
  •  China Market Analysis (Kilo Ton and USD MN)
  •  Japan Market Analysis (Kilo Ton and USD MN)
  •  India Market Analysis (Kilo Ton and USD MN)
  •  South Korea Market Analysis (Kilo Ton and USD MN)
  •  Australia Market Analysis (Kilo Ton and USD MN)
  •  Rest of Asia Pacific Market Analysis (Kilo Ton and USD MN)
  •  Latin America Market Analysis (Kilo Ton and USD MN)
  •  Brazil Market Analysis (Kilo Ton and USD MN)
  •  Argentina Market Analysis (Kilo Ton and USD MN)
  •  Peru Market Analysis (Kilo Ton and USD MN)
  •  Chile Market Analysis (Kilo Ton and USD MN)
  •  Rest of Latin America Market Analysis (Kilo Ton and USD MN)
  •  Middle East & Africa Market Analysis (Kilo Ton and USD MN)
  •  Saudi Arabia Market Analysis (Kilo Ton and USD MN)
  •  UAE Market Analysis (Kilo Ton and USD MN)
  •  Israel Market Analysis (Kilo Ton and USD MN)
  •  South Africa Market Analysis (Kilo Ton and USD MN)
  •  Rest of Middle East and Africa Market Analysis (Kilo Ton and USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
  
 LIST OF FIGURES
 
  •  Research Scope of Paints And Coatings Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Paints And Coatings Market Size, by Region (Kilo Ton and USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Resin Type
  •  Market Attractiveness Analysis by Formulation
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Resin Type (Kilo Ton and USD MN)
  •  Acrylic Market Sales by Geography (Kilo Ton and USD MN)
  •  Polyester Market Sales by Geography (Kilo Ton and USD MN)
  •  Polyurethane Market Sales by Geography (Kilo Ton and USD MN)
  •  Epoxy Market Sales by Geography (Kilo Ton and USD MN)
  •  Others Market Sales by Geography (Kilo Ton and USD MN)
  •  Global Market Analysis by Formulation (Kilo Ton and USD MN)
  •  Water-Based Market Sales by Geography (Kilo Ton and USD MN)
  •  Solvent-Based Market Sales by Geography (Kilo Ton and USD MN)
  •  Powder Coatings Market Sales by Geography (Kilo Ton and USD MN)
  •  UV Coatings Market Sales by Geography (Kilo Ton and USD MN)
  •  Global Market Analysis by Application (Kilo Ton and USD MN)
  •  Architectural And Decorative Market Sales by Geography (Kilo Ton and USD MN)
  •  Industrial Market Sales by Geography (Kilo Ton and USD MN)
  •  Marine Market Sales by Geography (Kilo Ton and USD MN)
  •  Global Market Sales (Kilo Tons and USD MN)
  •  North America Market Sales (Kilo Tons and USD MN)
  •  Europe Market Sales (Kilo Tons and USD MN)
  •  Asia Pacific Market Sales (Kilo Tons and USD MN)
  •  Latin America Market Sales (Kilo Tons and USD MN)
  •  Middle East & Africa Market Sales (Kilo Tons and USD MN)
  •  Recent Development in Industry
  •  Top 10 Company Market Share Analysis
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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