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Global Paints and Coatings Market Report: Insights, Trends and Forecast (2019-2023)

Global Paints and Coatings Market Report: Insights, Trends and Forecast (2019-2023)

The global paints and coatings market value is forecasted to reach US$204.83 billion in 2023, growing at a CAGR of 4.92%, for the period spanning from 2018 to 2023. The factors such as escalating construction expenditure, growing automotive industry, increasing urban population, rising household consumption expenditure and improving economic conditions are expected to drive the market growth. However, growth of the industry would be challenged by increasing raw material prices and stringent regulations. A few notable trends include rising consolidation of market players, increasing preference for professional contractors, growing adoption of natural ingredients by chemical companies, high demand for personalized paints solutions in developing economies and technological advancement.

The paints and coatings industry consist of manufacturers of paints, varnishes, polishes, shellacs and stains. It comprises of three sectors: architectural, industrial and special purpose sector. The architectural coatings sector depends heavily on the construction and manufacturing sector, whereas industrial coatings are connected closely to the automotive, major appliances and industrial equipment sectors. The special purpose includes a wide collection of divergent coatings.

The fastest growing regional market is Asia-Pacific, owing to rising launch of innovative & economical water-solvent paints, increasing preference of personalized colours by urban population and increasing second-hand automobile repaint activities.

Scope of the report:

  • The report provides a comprehensive analysis of the global paints and coatings market, segmented on the basis of product types i.e. architectural, industrial and special purpose.
  • The major regional markets (Asia-Pacific, North America and Europe) have been analysed along with country coverage of India and US.
  • The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players i.e. The Sherwin-Williams Company, PPG Industries, Inc., Akzo Nobel N.V., Nippon Paint Holdings Co., Ltd., Axalta Coating Systems and BASF SE are also presented in detail.
Key Target Audience:
  • Paints and Coatings Manufacturers
  • Raw Material Suppliers
  • End Users
  • Consulting Firms
  • Investment Banks
  • Government Bodies & Regulating Authorities


1. Market Overview
1.1 Introduction
1.2 Types of Paints and Coatings
Table 1: Types of Paints and Coatings
1.3 Paints and Coatings Applications
Table 2: Paints and Coating Application
1.4 Paints and Coatings Manufacturing Process
Table 3: Paints and Coatings Manufacturing Process
2. Global Paints and Coatings Market Analysis
2.1 Global Paints and Coatings Market Value Forecast
Table 4: Global Paints and Coatings Market Value Forecast (2018-2023)
2.2 Global Paints and Coatings Market Value by Segment
Table 5: Global Paints and Coatings Market Value by Segment (2018)
2.2.1 Global Architectural Paints and Coatings Market Value Forecast
Table 6: Global Architectural Paints and Coatings Market Value Forecast (2018-2023)
2.2.2 Global Architectural Paints and Coatings Market Value by Segment
Table 7: Global Architectural Paints and Coatings Market Value by Segment (2018)
2.2.3 Global Architectural Paints and Coatings Market Value by Distribution Channel
Table 8: Global Architectural Paints and Coatings Market Value by Distribution Channel (2018)
2.2.4 Global Architectural Paints and Coatings Market Value by Region
Table 9: Global Architectural Paints and Coatings Market Value by Region (2018)
2.2.5 Global Industrial Paints and Coatings Market Value Forecast
Table 10: Global Industrial Paints and Coatings Market Value Forecast (2018-2023)
2.2.6 Global Industrial Paints and Coatings Market Value by End User
Table 11: Global Industrial Paints and Coatings Market Value by End User (2018)
2.2.7 Global Industrial Paints and Coatings Market Value by Region
Table 12: Global Industrial Paints and Coatings Market Value by Region (2018)
2.2.8 Global Special Purpose Paints and Coatings Market Value Forecast
Table 13: Global Special Purpose Paints and Coatings Market Value Forecast (2018-2023)
2.2.9 Global Special Purpose Paints and Coatings Market Value by Segment
Table 14: Global Special Purpose Paints and Coatings Market Value by Segment (2018)
2.2.10 Global Special Purpose Paints and Coatings Market Value by Region
Table 15: Global Special Purpose Paints and Coatings Market Value by Region (2018)
2.3 Global Paints and Coatings Market Value by Region
Table 16: Global Paints and Coatings Market Value by Region (2018)
3. Regional Paints and Coatings Market Analysis
3.1 Asia-Pacific
3.1.1 Asia-Pacific Paints and Coatings Market Value Forecast
Table 17: Asia-Pacific Paints and Coatings Market Value Forecast (2018-2023)
3.1.2 India Paints and Coatings Market Value Forecast
Table 18: India Paints and Coatings Market Value Forecast (2018-2023)
3.1.3 India Paints and Coatings Market Value by Segment
Table 19: India Paints and Coatings Market Value by Segment (2018)
3.1.4 India Architectural Paints and Coatings Market Value Forecast
Table 20: India Architectural Paints and Coatings Market Value Forecast (2018-2023)
3.1.5 India Architectural Paints and Coatings Market Value by Segment
Table 21: India Architectural Paints and Coatings Market Value by Segment (2018)
3.1.6 India Industrial Paints and Coatings Market Value Forecast
Table 22: India Industrial Paints and Coatings Market Value Forecast (2018-2023)
3.1.7 India Industrial Paints and Coatings Market Value by Segment
Table 23: India Industrial Paints and Coatings Market Value by Segment (2018)
3.2 North America
3.2.1 North America Paints and Coatings Market Value Forecast
Table 24: North America Paints and Coatings Market Value Forecast (2018-2023)
3.2.2 The U.S. Paints and Coatings Market Value Forecast
Table 25: The U.S. Paints and Coatings Market Value Forecast (2018-2023)
3.2.3 The U.S. Paints and Coatings Market Value by Segment
Table 26: The U.S. Paints and Coatings Market Value by Segment (2018)
3.2.4 The U.S. Architectural Paints and Coatings Market Value Forecast
Table 27: The U.S. Architectural Paints and Coatings Market Value Forecast (2018-2023)
3.2.5 The U.S. Architectural Paints and Coatings Market Value by Segment
Table 28: The U.S. Architectural Paints and Coatings Market Value by Segment (2018)
3.2.6 The U.S. Architectural Paints and Coatings Market Value by Distribution Channel
Table 29: The U.S. Architectural Paints and Coatings Market Value by Distribution Channel (2018)
3.2.7 The U.S. Industrial Paints and Coatings Market Value Forecast
Table 30: The U.S. Industrial Paints and Coatings Market Value Forecast (2018-2023)
3.2.8 The U.S. Special Purpose Paints and Coatings Market Value Forecast.
Table 31: The U.S. Special Purpose Paints and Coatings Market Value Forecast (2018-2023)
3.2.9 The U.S. Paints and Coatings Market Volume Forecast
Table 32: The U.S. Paints and Coatings Market Volume Forecast (2018-2023)
3.2.10 The U.S. Paints and Coatings Market Volume by Segment
Table 33: The U.S. Paints and Coatings Market Volume by Segment (2018)
3.2.11 The U.S. Architectural Paints and Coatings Market Volume Forecast
Table 34: The U.S. Architectural Paints and Coatings Market Volume Forecast (2018-2023)
3.2.12 The U.S. Industrial Paints and Coatings Market Volume Forecast
Table 35: The U.S. Industrial Paints and Coatings Market Volume Forecast (2018-2023)
3.3 Europe
3.3.1 Europe Paints and Coatings Market Value Forecast
Table 36: Europe Paints and Coatings Market Value Forecast (2018-2023)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Escalating Construction Expenditure
Table 37: Global Construction Expenditure (2018-2023)
4.1.2 Growing Automotive Industry
Table 38: Global Automotive Industry (2018-2023)
4.1.3 Increasing Urban Population
Table 39: Global Urban Population (2014-2018)
4.1.4 Rising Household Consumption Expenditure
Table 40: Global Household Final Consumption Expenditure (2014-2018)
4.1.5 Improving Economic Conditions
Table 41: Global GDP Per Capita (2014-2018)
4.2 Key Trends and Developments
4.2.1 Rising Consolidation of Market Players
Table 42: Global Paints and Coatings Market Consolidations (2017-2018)
4.2.2 Increasing Preference for Professional Contractors
Table 43: Professional Contractor and DIY Distribution Share (2014-2018)
4.2.3 Growing Adoption of Natural Ingredients by Chemical Companies
4.2.4 High Demand for Personalized Paints Solutions in Developing Economies
4.2.5 Technological Advancement
4.3 Challenges
4.3.1 Increasing Raw Material Prices
Table 44: Global Titanium Dioxide Prices (2014-2018)
4.3.2 Stringent Regulations
5. Competitive Landscape
5.1 Global Paints and Coatings Market
5.1.1 Key Players – Market Share Comparison
Table 45: Key Players – Market Share Comparison (2018)
5.1.2 Key Players – Revenue Comparison
Table 46: Key Players – Revenue Comparison (2018)
5.1.3 Key Players – Market Cap Comparison
Table 47: Key Players – Market Cap Comparison (2019)
5.1.4 Key Players – Research & Development Expenditure Comparison
Table 48: Key Players – Research & Development Expenditure Comparison (2018)
5.1.5 Key Players – Architectural Paints and Coatings Market Share Comparison
Table 49: Key Players – Global Architectural Paints and Coatings Market Share Comparison (2018)
5.1.6 Key Players – Industrial Paints and Coatings Market Share Comparison
Table 50: Key Players – Global Industrial Paints and Coatings Market Share Comparison (2018)
5.2 Regional Paints and Coatings Market
5.2.1 Key Players – Regional Product Sales Comparison
Table 51: Key Players – Regional Product Sales Comparison (2018)
5.2.2 Key Players – Regional Architectural Paints and Coatings Market Share Comparison
Table 52: Key Players – Regional Architectural Paints and Coatings Market Share Comparison (2018)
6. Company Profiles
6.1 The Sherwin-Williams Company
6.1.1 Business Overview
6.1.2 Financial Overview
Table 53: Sherwin-Williams Net Sales and Net Income (2014-2018)
Table 54: Sherwin-Williams Net Sales by Segment (2018)
6.1.3 Business Strategies
6.2 PPG Industries, Inc.
6.2.1 Business Overview
6.2.2 Financial Overview
Table 55: PPG Industries Net Sales and Net Income (2014-2018)
Table 56: PPG Industries Net Sales by Segments (2018)
Table 57: PPG Industries Net Sales by Region (2018)
6.2.3 Business Strategies
6.3 Akzo Nobel N.V.
6.3.1 Business Overview
6.3.2 Financial Overview
Table 58: AkzoNobel Revenues and Net Income (2014-2018)
Table 59: AkzoNobel Revenues by Segment (2018)
Table 60: AkzoNobel Revenues by Region (2018)
6.3.3 Business Strategies
6.4 Nippon Paint Holdings Co., Ltd.
6.4.1 Business Overview
6.4.2 Financial Overview
Table 61: Nippon Paint Net Sales and Net Income (2014-2018)
Table 62: Nippon Paint Net Sales by Segment (2018)
Table 63: Nippon Paint Net Sales by Region (2018)
6.4.3 Business Strategies
Table 64: Nippon Paint Significant Agreement (2018-2019)
6.5 Axalta Coating Systems
6.5.1 Business Overview
6.5.2 Financial Overview
Table 65: Axalta Coating Net Sales and Net Income (2014-2018)
Table 66: Axalta Coating Net Sales by Segment (2018)
Table 67: Axalta Coating Net Sales by Region (2018)
6.5.3 Business Strategies
6.6 BASF SE
6.6.1 Business Overview
6.6.2 Financial Overview
Table 68: BASF Sales and Net Income (2014-2018)
Table 69: BASF Sales by Segment (2018)
6.6.3 Business Strategies

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