The Paints and Coatings Report is Segmented by Resin (Acrylic, Alkyd, Polyurethane, Epoxy, and More), Technology (Water-Borne, Solvent-Borne, Powder Coating, and UV-Cured Coating), End-User Industry (Architectural, Automotive, Wood, Protective Coating, and More), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East, and Africa). The Market Forecasts are Provided in Terms of Value (USD).

In 2024, the market value of the paint and coatings industry in the United States was estimated at approximately ***** billion U.S. dollars. It is forecast that the industry will reach a market value of some ***** billion dollars in 2025.

In 2019, the ten largest paint and coatings manufacturers accounted for more than ** percent of the market's revenue in North America. Sherwin Williams had the highest market share in the region, with **** percent. PPG Industries followed closely, with almost ** percent.

The United States Paints and Coatings Market Report Segments the Industry by Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types), Technology (Water-Borne, Solvent-Borne, Powder Coating, and UV Technology), Distribution Channel (Company-Owned Stores, Independent Paint Dealers, and More), and End-User Industry (Architectural, Automotive, Wood, Protective Coatings, General Industrial, and More).

According to Cognitive Market Research, the global Paint & Coatings market size is USD 192514.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.60% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 77005.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.8% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 57754.26 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 44278.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 9625.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 3850.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031.
The Acrylic held the highest Paint & Coatings market revenue share in 2024.

Market Dynamics of Paint & Coatings Market

Key Drivers of Paint & Coatings Market

Growing construction activities to Increase the Demand Globally

Future growth in the global construction sector is expected due to increasing urbanization, improved infrastructure, and rising disposable incomes. This increase will lead to increased demand for paints and coatings in various industries, such as industrial, commercial, and residential development. These coatings are essential for guaranteeing longevity, improving aesthetics, and shielding structures from the elements. The need for premium paints and coatings is predicted to rise as construction activity worldwide picks up, offering manufacturers and suppliers in this industry attractive potential. To meet this need, the paint and coatings sector must be innovative, sustainable, and adaptable to meet the changing needs of the construction market.

Increasing demand for furniture to Propel Market Growth

The increasing demand for homeownership, growing disposable incomes, and the trend of urbanization are all driving the furniture market's projected stable expansion. Due to this expansion, the need for paints and coatings for furniture finishing will rise. These finishes protect furniture against environmental elements, dampness, and wear and tear while improving its visual appeal. Customers' desire to customize their living areas will drive up demand for premium finishes that are both aesthetically pleasing and long-lasting. The furniture business presents prospects for market expansion and distinctiveness, and manufacturers in the paints and coatings sector are anticipated to innovate and diversify their product offerings to meet this growing demand.

Restraint Factors Of Paint & Coatings Market

Rising concerns about volatile organic compounds (VOCs) to Limit the Sales

Because volatile organic compounds (VOCs) contribute to air pollution and pose health hazards, there is growing concern about VOCs. Volatile organic compounds (VOCs) are released by paints and coatings and dissipate at room temperature. The market for low-VOC and VOC-free alternatives is expected to grow as environmental restrictions become more stringent. However, the cost of formulating and producing these coatings is frequently higher, limiting market expansion. Even amid economic constraints, consumer awareness and regulatory pressure drive the industry's shift towards eco-friendly and sustainable solutions. As a result, manufacturers are forced to spend money on R&D to reduce VOC emissions while maintaining the performance and affordability of their products, which encourages the shift to greener coatings technologies.

Impact of Covid-19 on the Paint & Coatings Market

The COVID-19 pandemic has various effects on the paint and coatings industry. Lockdowns and other interruptions in the industrial and construction industries initially lowered demand. Nevertheless, the business recovered as regulations relaxed, propelled by a rise in house renovation projects and a need for coatings that prioritized hygiene. Shortages of raw materials and supply chain disruptions presented difficulties that impacted pricing and output. Customer pre...

The Asia-Pacific Paints and Coatings Market Report is Segmented by Technology (Water-Borne, Solvent-Borne, Powder Coating, and Other Technologies), Resin Type (Acrylic, Alkyd, Polyurethane, and More), End-User Industry (Architectural/Decorative, Automotive, Wood, and More), and Geography (China, India, Japan, South Korea, Australia and New Zealand, Indonesia, and More). The Market Forecasts are Provided in Terms of Value (USD).

North America Paint & Coatings market size is USD 77005.68 Million in 2024 and will expand at a compound annual growth rate (CAGR) of 1.8% from 2024 to 2031.

In 2022, Sherwin-Williams and PPG Industries were the main paint and coatings companies worldwide, each with a market share of approximately ***** percent. These two U.S.-based companies are particularly dominant in the North American market. Meanwhile, the European paint and coatings market, is led by the Dutch multinational AkzoNobel. Sherwin-Williams Sherwin-Williams is a paint and coatings company headquartered in Cleveland, Ohio. The company was established in 1886 and was responsible for the introduction of the first ready-mixed paint to the market. In 2020, it generated a revenue of over **** million U.S. dollars, up from ** million dollars almost a decade earlier. Sherwin-Williams employed some ** thousand people in 2023. PPG Industries PPG industries was founded in 1883 in Pittsburg, Pennsylvania as a plate glass manufacturer and expanded into the paints market by the end of 1900. Today, the company is a global supplier of paints, coatings, and specialty materials. PPG Industries’ revenue grew from **** million U.S. dollars in 2010 to ***** million dollars in 2022. In that latter year, the number of employees of PPG industries stood at ** thousand.

Snapshot img

Paints And Coatings Market Size 2025-2029

The paints and coatings market size is valued to increase USD 42.05 billion, at a CAGR of 4.3% from 2024 to 2029. Growing real estate and construction industry will drive the paints and coatings market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 52% growth during the forecast period.
By Technology - Water-based segment was valued at USD 76.13 billion in 2023
By Resin Type - Acrylic resins segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 37.77 billion
Market Future Opportunities: USD 42.05 billion
CAGR from 2024 to 2029 : 4.3%

Market Summary

The market encompasses the production, sale, and application of various types of paints, coatings, and related products. This dynamic market is driven by several key factors, including the expanding real estate and construction industry, which accounts for a significant portion of demand. Another major trend is the increasing adoption of UV-curable coatings, offering advantages such as faster drying times and improved durability. However, regulations on high emissions of volatile organic compounds (VOC) pose challenges to market growth. According to a recent study, the UV-curable coatings segment is projected to expand at a steady rate, accounting for over 20% of the overall market share by 2025. This underscores the continuous evolution of the market, as technological advancements and regulatory requirements shape its future trajectory.

What will be the Size of the Paints And Coatings Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Paints And Coatings Market Segmented ?

The paints and coatings industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TechnologyWater-basedSolvent-basedOthersResin TypeAcrylic resinsEpoxy resinsPolyurethane resinsAlkyd resinsOthersEnd-user IndustryArchitecturalAutomotiveWoodProtective CoatingsGeneral IndustrialTransportationPackaging CoatingsProductRadiation Cured CoatingsPowder CoatingsWaterborne CoatingsSolvent-Borne CoatingsGeographyNorth AmericaUSCanadaEuropeFranceGermanyUKAPACAustraliaChinaIndiaJapanSouth AmericaBrazilRest of World (ROW)

By Technology Insights

The water-based segment is estimated to witness significant growth during the forecast period.

Water-based paints and coatings constitute a significant segment of the global coatings market, driven by their eco-friendly properties and increasing demand for low volatile organic compound (VOC) products. Currently, approximately 40% of the global coatings market is dominated by water-based paints and coatings. In terms of applications, industrial sectors such as automotive and architecture account for over 60% of the market share. Moreover, advancements in technology have led to the emergence of various types of water-based coatings, including high-performance coatings, powder coatings, and UV curing coatings. For instance, high-performance coatings offer enhanced durability and resistance to chemicals and weathering. Powder coatings provide superior coating thickness and are widely used in the automotive industry for their ability to produce a smooth and uniform finish. UV curing coatings, on the other hand, offer faster curing times and lower energy consumption. Furthermore, technological advancements in coating application methods, such as electrostatic coating and airless spray painting, have facilitated the efficient and cost-effective production of water-based paints and coatings. Additionally, surface preparation techniques, like pigment dispersion and crosslinking reactions, have led to improved coating adhesion and durability. Looking ahead, the market for water-based paints and coatings is expected to grow at a steady pace, with an estimated 35% of the total coatings demand coming from this segment by 2025. Factors contributing to this growth include increasing environmental regulations, advancements in technology, and the expanding applications of water-based coatings in various industries. In terms of specific applications, the automotive industry is projected to remain the largest consumer of water-based coatings, with a market size of around USD35 billion by 2025. Similarly, the architecture sector is expected to grow at a CAGR of over 5% during the forecast period, driven by the increasing demand for energy-efficient and eco-friendly coatings. In conclusion, the water-based the market is a dynamic and evolving industry, driven by technological advancements, regulatory pressures, and growing demand for eco-friendly and high-performance coatings. With a focus on innovation and

Exterior Paint Market size was valued at USD 11.15 Billion in 2024 and is projected to reach USD 19.17 Billion by 2031, growing at a CAGR of 6.4% during the forecast period 2024-2031.Exterior Paint Market DriversPaint is a type of pigmented liquid, liquefiable, or solid mastic composition that, after use to a substrate in an extremely thin layer, transfers to a solid layer. It is most ordinarily used to protect, color, or provide texture to objects. Exterior paints are composed to combat fading and mildew. Exterior paint is also usually made to survive severe weather while resisting mold, mildew, fading, cracking, chipping, and more. Exterior paint is usually tougher and resists peeling, chipping, and fading from sunlight. For these purposes, the resins used in binding exterior paints are extremely soft. Exterior paint also includes additives that aid prevents fading, stopping mildew, and resists tannin staining. Various types of exterior paint are available in the market for every part of the home's exterior, including siding, fences, doors, gutters, and more. The foremost advantages include better adhesion and alkali resistance. Alkali resistance indicates the paint is less inclined to burn over fresh concrete or masonry.

Global Bio-based Paints and Coatings Market size is valued at USD 12.05 billion in 2023 and estimated to grow at a CAGR of around 9.4% during the forecast period 2024-30. Akzo Nobel N.V., Industria Chimica Adriatica SpA, PPG Industries, Inc are top bio-based paints & coatings companies.

Vietnam's paints and coatings market is expected to grow at a robust 8.5% CAGR during 2025-2032, driven by rising construction and infrastructure development

Construction Paints And Coatings Market size is growing with CAGR of 6.64% in the prediction period & it crosses USD 336.63 by 2032 from USD 214.64 Bn in 2025.

The global automotive paint market size was worth more than USD 25.23 billion in 2025 and is poised to witness a CAGR of over 3.7%, crossing USD 36.28 billion revenue by 2035, attributed to rise in global automobile production owing to rising disposable income.

Paints And Coatings Market valued at US$ 202.6 Bn in 2025, is anticipated to reaching US$ 256.02 Bn by 2032, with a steady annual growth rate of 3.4%.

The market for decorative paint will significantly develop between 2025 and 2035. Construction activities are being carried out across the globe and this; in turn have propelled the demand for decorative paints in commercial, industrial, and residential applications. The market value is projected to rise steadily to an estimated USD 115.6 Billion by 2035 end, registering a CAGR of 5.1% over the assessment period (2025-2035), and will reach to approx. USD 70.3 Billion by 2025.

Metric	Value
Market Size (2025E)	USD 70.3 Billion
Market Value (2035F)	USD 115.6 Billion
CAGR (2025 to 2035)	5.1%

Country-wise Outlook

Country	CAGR (2025 to 2035)
USA	5.4%

Country	CAGR (2025 to 2035)
UK	4.9%

Country	CAGR (2025 to 2035)
European Union (EU)	5.2%

Country	CAGR (2025 to 2035)
Japan	5.0%

Country	CAGR (2025 to 2035)
South Korea	5.1%

Competitive Outlook

Company Name	Estimated Market Share (%)
AkzoNobel N.V.	15-20%
PPG Industries, Inc.	12-16%
Sherwin-Williams Company	10-14%
Asian Paints Limited	8-12%
Nippon Paint Holdings Co., Ltd.	5-9%
Other Companies (combined)	40-50%

Check Market Research Intellect's Paint Market Report, pegged at USD 200 billion in 2024 and projected to reach USD 300 billion by 2033, advancing with a CAGR of 5.0% (2026-2033).Explore factors such as rising applications, technological shifts, and industry leaders.

Emulsion Paint Market size was valued at USD 11.58 Billion in 2023 and is expected to reach USD 14.48 Billion by 2031 with a CAGR of 5.8% from 2024-2031.

Global Emulsion Paint Market Drivers

Residential and Commercial Construction: The growth of the construction industry, particularly in emerging economies, is a primary driver. As urbanization increases, there is a rising demand for residential homes and commercial buildings, leading to higher consumption of emulsion paints.

Renovation and Remodeling Activities: Home improvement and renovation projects stimulate the demand for emulsion paints. As consumers seek to refresh or update their living spaces, they often opt for paint solutions that are easy to apply and provide a durable finish.

Global Emulsion Paint Market Restraints

Raw Material Cost Fluctuations: The prices of raw materials used in manufacturing emulsion paints, such as pigments, resins, and solvents, can be volatile. Fluctuations in raw material prices can affect production costs and profitability.

Environmental Regulations: Stringent environmental regulations regarding VOC (volatile organic compounds) emissions and other pollutants can limit the types of chemicals that manufacturers can use in their formulations. Compliance with these regulations often requires investment in new technologies or reformulation.

The prospects of the acrylic paint market growth are governed by a sluggish CAGR of 4.2%, which will likely elevate the acrylic paint market size to US$ 209.4 million by 2034 from US$ 138.8 million in 2024.

Attributes	Key Insights
Estimated Market Size in 2024	US$ 138.8 million
Projected Market Value in 2034	US$ 209.4 million
Value-based CAGR from 2024 to 2034	4.2%

Expanding Construction Industry is the Driving Force for the Acrylic Paint Market

Historical CAGR from 2019 to 2023	2.3%
Forecast CAGR from 2024 to 2034	4.2%

Country-wise Analysis

Countries	Forecasted CAGR
Japan	1.8%
The United States of America	2.3%
Spain	3.1%
China	4.7%
India	6.2%

Category-wise Insights

Category	Product Type- Heavy-body Acrylics
Market Share in 2024	54.2%
Market Segment Drivers	Leading acrylic paint manufacturers use heavy-body acrylics for their homogeneous consistency. The better color intensity enhances the popularity of acrylic colors, ensuring the market demand. Impasto techniques demand these acrylic paints, fueling the segment growth.

Category	Industry Vertical- Building & Construction
Market Share in 2024	47.4%
Market Segment Drivers	To ensure the durability of paints on walls and roofs, acrylic paints are used in the building and construction industry. UV resistance of acrylic paints enhances their usability, driving the acrylic paint market growth. A short drying period enhances efficiency, generating more demand in the sector and driving the acrylic paint market size.

Report Scope

Attributes	Details
Estimated Market Size in 2024	US$ 138.8 million
Projected Market Valuation in 2034	US$ 209.4 million
Value-based CAGR 2024 to 2034	4.2%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in US$ million
Key Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia The Middle East and Africa
Key Market Segments Covered	By Product Type By Application By Industry Vertical By Region
Key Companies Profiled	Azkonobe Asian Paints India BASF SE Berger Paints India Berkshire Hathaway PPG Industries The Dow Chemical Sherwin-Williams National Coatings Gellner Industrial

The global epoxy paint market size is estimated to reach USD 38754 million in 2024. The industry is anticipated to rise at a CAGR of 5% in the assessment period 2024 to 2034. The sector is projected to attain a value of USD 63126.2 million by 2034.

Attributes	Description
Estimated Global Epoxy Paint Market Size (2024E)	USD 38754 million
Projected Global Epoxy Paint Market Value (2034F)	USD 63126.2 million
Value-based CAGR (2024 to 2034)	5%

Country-wise Insights

Countries	CAGR 2024 to 2034
India	7.5%
China	5.6%
Spain	3.8%
France	3.5%
Italy	3.3%

Category-wise Insights

Segment	Petroleum-based (Source)
Value Share (2024)	78.5%

Segment	Building and Construction (Application)
Value Share (2024)	41.3%