Paints & Coatings Market by Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Fluoropolymer), Technology (Waterborne Coatings, Solventborne Coatings, Powder Coatings), End-use Industry (Architectural, Industrial), Region - Global Forecast to 2030

The paints & coatings market is projected to grow from USD 205.22 billion in 2025 and to reach USD 249.78 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 4.01% during the forecast period.

“Regulatory pressure and sustainability mandates to accelerate paints & coatings market growth”

Environmental regulations and sustainability goals are significantly influencing the paint & coatings market. Rules on emissions and hazardous substances are getting stricter and only products with lower environmental impacts are preferred globally. Demand for water based, zero to minimal VOC, and high solid coating solutions that cause less pollution and are safer for workers is thus being driven by this changing demand. Also, companies have set sustainability targets and decide to work with the companies who support greener operations. In construction and industrial sectors, where environmentally friendly coatings are used, companies not only meet compliance requirements but also improve their brand image. Consumers are also getting more conscious of indoor air quality and surface safety, particularly in homes, schools, and hospitals. Therefore, the manufacturers are responding to this need by creating products that not only deliver performance but are also environmentally friendly. The move towards cleaner solutions driven by regulations and society is still the primary factor driving the growth of the paints & coatings market in all segments.

“Epoxy resins to witness the highest CAGR during forecast period“

Epoxy coatings withstand mechanical stress, impact or abrasion, which drives their adoption in the paints & coatings market. Pipelines, storage tanks and heavy machinery surfaces require coatings that endure constant wear without cracking or peeling. Epoxy resins provide high hardness also excellent adhesion, which protects substrates under demanding operating conditions. This durability reduces maintenance frequency and lifecycle costs, which is particularly valuable in industrial next to commercial facilities. As asset owners prioritize long term performance over short term savings, epoxy resins continue to gain preference for heavy duty protective applications.

“Fluoropolymer resins are projected to be the second fastest-growing resin type of paints & coatings during forecast period”

Fluoropolymer resins are projected to be the second fastest-growing resin type of paints & coatings, between 2025 and 2030. Fluoropolymer resins are valued for their unparalleled resistance to sun, rain, heat, and pollution for a long period of time. Coatings produced from these resins, even after several decades of exposure to outdoor weather, can retain color, gloss, and surface strength, making them appropriate for external parts of buildings, monuments, bridges, and premium architectural projects where it is not only costly but also difficult to repaint. Property owners and developers thus, seek long duration with little fading or chalking. With cities growing and more structures becoming landmarks, the need for these kinds of coatings, which remain stable even under harsh outdoor conditions, continues to drive the fluoropolymer resin share in the paints & coatings market.

“North America accounted for third-largest share in global paints & coatings market, in terms of value, in 2024”

North America held the third-largest share in the overall paints & coatings market, in terms of value, in 2024. The North American region houses an extensive base of industries from sectors such as machinery, equipment, consumer goods, aerospace, and heavy industries. Coatings are widely used in these industries and factories to safeguard floors, machines, storage areas, and finished products. These coatings make it possible to counteract the effects of wear, chemical, and heat exposure. The use of coatings rises since the companies continue to modernize their facilities and elevate safety and quality standards. This strong industrial presence makes industrial paints & coatings a key growth pillar in the regional market.

• By Company Type: Tier 1 - 55%, Tier 2 - 25%, and Tier 3 - 20%
• By Designation: Directors - 50%, Managers - 30%, and Others - 20%
• By Region: North America - 40%, Europe - 35%, Asia Pacific - 20%, RoW– 5%

The key players profiled in the report include The Sherwin-Williams Company (US), PPG Industries, Inc. (US), Akzo Nobel N.V. (The Netherlands), Nippon Paint Holdings Co., Ltd. (Japan), Axalta Coating Systems LLC (US), Asian Paints Limited (India), Kansai Paint Co., Ltd. (Japan), RPM International Inc. (US), BASF Coatings GmbH (Germany), and Jotun A/S (Norway).

Study Coverage

This report segments the market for paints & coatings based on resin type, technology, end-use industry, and region, and provides estimations of value (in USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies associated with the paints & coatings market.

Reasons to Buy this Report

This research report is focused on various levels of analysis—industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the paints & coatings market, high-growth regions, and market drivers, restraints, and opportunities.

The report provides insights into the following points:

• Market Penetration: Comprehensive information on paints & coatings offered by top players in the global market
• Analysis of key drivers: (Environmental regulations boosting demand for VOC-free coatings, growing popularity of elastomeric coatings in tilt-up concrete in building & construction industry, and technological advancements in powder coating technology), restraints (Difficulty in obtaining thin films in powder coatings, raw material shortage in paints & coatings industry), opportunities (Increasing applications of fluoropolymers in building & construction industry, growing demand for high-performance fluorine resin-based coatings) and challenges (Stringent regulatory policies) influencing the growth of paints & coatings market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the paints & coatings market
• Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the market for paints & coatings across regions.
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global paints & coatings market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the paints & coatings market

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