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Paints and Coatings Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032

Published Aug 14, 2025
Length 297 Pages
SKU # PERR20356790

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for paints and coatings. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

Paints and Coatings Market Size (2025E): USD 179.8 Billion

Projected Market Value (2032F): USD 273.9 Billion

Global Market Growth Rate (CAGR 2025 to 2032): 6.2%

Paints and Coatings Market - Report Scope:

Paints and coatings serve essential purposes across various industries by providing protection, aesthetics, and functional attributes to surfaces. These products are extensively used in architectural, automotive, industrial, marine, and aerospace applications. The market includes a wide range of formulations such as water-based, solvent-based, powder, and UV-cured coatings. Market expansion is being driven by the rapid growth in construction activities, increased automotive production, and heightened demand for environmentally friendly and high-performance coatings that comply with evolving regulatory standards.

Market Growth Drivers:

The global paints and coatings market is propelled by several key factors, including rapid urbanization, infrastructure development, and industrialization, particularly in Asia Pacific and the Middle East. Rising residential and commercial construction boosts demand for decorative and protective coatings. The automotive and transportation sectors continue to rely on advanced coatings for corrosion resistance and enhanced aesthetics. Additionally, increasing consumer awareness and regulatory pressure regarding environmental sustainability are pushing manufacturers to innovate with low-VOC, waterborne, and bio-based coatings. The growing popularity of smart coatings with anti-microbial, self-cleaning, and anti-corrosive properties further fuels market growth.

Market Restraints:

Despite promising growth prospects, the paints and coatings market faces challenges such as fluctuating raw material prices and stringent environmental regulations. Volatile costs of key inputs like titanium dioxide and petrochemical derivatives affect pricing and profit margins. Moreover, regulatory compliance across regions—particularly related to VOC emissions and hazardous substances—adds complexity and increases production costs. Small and medium-sized enterprises may find it difficult to align with evolving standards and invest in sustainable innovation without adequate support or capital.

Market Opportunities:

The paints and coatings market presents significant growth opportunities driven by technological advancements and rising demand for sustainable and high-performance solutions. Smart coatings offering functional benefits such as UV protection, temperature regulation, and anti-bacterial properties are gaining traction. Infrastructure modernization in developing economies and government initiatives focused on energy-efficient buildings and green construction contribute to rising demand. Furthermore, expansion in the electric vehicle market offers new applications for lightweight, heat-resistant coatings. Investments in R\&D, strategic collaborations, and digitalization of color-matching and distribution systems can open new revenue streams and enhance competitive advantage.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the paints and coatings market globally?

Which product types and applications are shaping the demand for paints and coatings across industries?

How are environmental regulations and sustainability goals influencing product development?

Who are the key players contributing to the paints and coatings market, and what strategies are they employing to maintain market relevance?

What are the emerging trends and future prospects in the global paints and coatings market?

Competitive Intelligence and Business Strategy:

These companies are expanding their portfolios with waterborne, powder, and bio-based coatings that comply with environmental norms while meeting performance expectations. Collaboration with OEMs, construction firms, and industrial manufacturers helps them deliver customized solutions. The integration of AI and digital tools for color formulation and predictive maintenance further enhances customer engagement and operational efficiency. Focus on R\&D, brand positioning, and geographic expansion are central to maintaining competitiveness in a rapidly evolving global market.

Key Companies Profiled:

PPG Industries

Sherwin-Williams Company

Axalta Coating Systems

Valspar Corporation

NEI Corporation

Cabot Corporation

RPM International Inc.

DuPont de Nemours, Inc.

Diamond Vogel

NIC Industries, Inc.

Akzo Nobel N.V.

Hempel A/S

Steuler-KCH GmbH

Henkel Group

Terraco Group

Fosroc

Belzona International Ltd

DAW SE

Jotun

Nippon Paint Holdings Co., Ltd.

Kansai Paint Co., Ltd.

Berger Paints Ltd

Asian Paints Ltd.

Huisins New Material Technology Co.,Limited

GUANGZHOU STRONG CHEMICAL CO., LTD.

Furukawa Co., Ltd.

KCC Corporation

TerraCo. Group

KCC Corporation

Belzona International Ltd.

Paints and Coatings Market Research Segmentation:

By Technology:

Architectural Paints and Coatings
  • Pure Acrylic
  • Styrene Acrylic
  • Vinyl Acrylic
  • Polyester
  • Alkyd
  • Epoxy
  • Polyurethane
  • Others
Industrial Paints and Coatings
  • Styrene Acrylic
  • Vinyl Acrylic
  • Polyester
  • Alkyd
  • Epoxy
  • Polyurethane
  • Others
By Base Type:

Architectural Paints and Coatings
  • Water
  • Solvent
  • Powder
Industrial Paints and Coatings
  • Water
  • Solvent
  • Powder
By Application:

Architectural Paints and Coatings
  • Interior
  • Exterior
Industrial Paints and Coatings
  • Wood
  • Automotive
  • Metal
  • General Industrial
  • Traffic Paints
  • Paper
  • Protective Coatings
  • Others
By Region:

North America

Europe

Latin America

Western Europe

Eastern Europe

South Asia and Pacific

East Asia

The Middle East and Africa

Please Note: It will take 5 business days to complete the report upon order confirmation.

Table of Contents

297 Pages
1. Executive Summary
1.1. Global Paints And Coatings Market Snapshot 2025 And 2032
1.2. Market Opportunity Assessment, 2025-2032, Us$ Bn
1.3. Key Market Trends
1.4. Industry Developments And Key Market Events
1.5. Demand Side And Supply Side Analysis
1.6. Pmr Analysis And Recommendations
2. Market Overview
2.1. Market Scope And Definitions
2.2. Value Chain Analysis
2.3. Macro-economic Factors
2.3.1. Global Gdp Outlook
2.3.2. Global Gdp Outlook
2.3.3. Global Economic Growth Forecast
2.3.4. Global Urbanization Growth
2.3.5. Other Macro-economic Factors
2.4. Forecast Factors – Relevance And Impact
2.5. Covid-19 Impact Assessment
2.6. Pestle Analysis
2.7. Porter's Five Forces Analysis
2.8. Geopolitical Tensions: Market Impact
2.9. Regulatory And Technology Landscape
3. Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities
3.4. Trends
4. Price Trend Analysis, 2019-2032
4.1. Region-wise Price Analysis
4.2. Price By Segments
4.3. Price Impact Factors
5. Global Paints And Coatings Market Outlook: Historical (2019-2024) And Forecast (2025-2032)
5.1. Key Highlights
5.2. Global Paints And Coatings Market Outlook: Technology
5.2.1. Introduction/Key Findings
5.2.2. Historical Market Size (Us$ Bn) Analysis By Technology, 2019-2024
5.2.3. Current Market Size (Us$ Bn) Forecast, By Technology, 2025-2032
5.2.3.1. Architectural Paints And Coatings
5.2.3.1.1. Pure Acrylic
5.2.3.1.2. Styrene Acrylic
5.2.3.1.3. Vinyl Acrylic
5.2.3.1.4. Polyester
5.2.3.1.5. Alkyd
5.2.3.1.6. Epoxy
5.2.3.2. Industrial Paints And Coatings
5.2.3.2.1. Styrene Acrylic
5.2.3.2.2. Vinyl Acrylic
5.2.3.2.3. Polyester
5.2.3.2.4. Alkyd
5.2.3.2.5. Epoxy
5.2.3.2.6. Polyurethane
5.2.4. Market Attractiveness Analysis: Technology
5.3. Global Paints And Coatings Market Outlook: Base Type
5.3.1. Introduction/Key Findings
5.3.2. Historical Market Size (Us$ Bn) Analysis By Base Type, 2019-2024
5.3.3. Current Market Size (Us$ Bn) Forecast, By Base Type, 2025-2032
5.3.3.1. Architectural Paints And Coatings
5.3.3.1.1. Water
5.3.3.1.2. Solvent
5.3.3.1.3. Powder
5.3.3.2. Industrial Paints And Coatings
5.3.3.2.1. Water
5.3.3.2.2. Solvent
5.3.3.2.3. Powder
5.3.4. Market Attractiveness Analysis: Base Type
5.4. Global Paints And Coatings Market Outlook: Application
5.4.1. Introduction/Key Findings
5.4.2. Historical Market Size (Us$ Bn) Analysis By Application, 2019-2024
5.4.3. Current Market Size (Us$ Bn) Forecast, By Application, 2025-2032
5.4.3.1. Architectural Paints And Coatings
5.4.3.2. Industrial Paints And Coatings
5.4.4. Market Attractiveness Analysis: Application
6. Global Paints And Coatings Market Outlook: Region
6.1. Key Highlights
6.2. Historical Market Size (Us$ Bn) Analysis By Region, 2019-2024
6.3. Current Market Size (Us$ Bn) Forecast, By Region, 2025-2032
6.3.1. North America
6.3.2. Europe
6.3.3. East Asia
6.3.4. South Asia & Oceania
6.3.5. Latin America
6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region
7. North America Paints And Coatings Market Outlook: Historical (2019-2024) And Forecast (2025-2032)
7.1. Key Highlights
7.2. Pricing Analysis
7.3. North America Market Size (Us$ Bn) Forecast, By Country, 2025-2032
7.3.1. U.S.
7.3.2. Canada
7.4. North America Market Size (Us$ Bn) Forecast, By Technology, 2025-2032
7.4.1. Architectural Paints And Coatings
7.4.1.1. Pure Acrylic
7.4.1.2. Styrene Acrylic
7.4.1.3. Vinyl Acrylic
7.4.1.4. Polyester
7.4.1.5. Alkyd
7.4.1.6. Epoxy
7.4.2. Industrial Paints And Coatings
7.4.2.1. Styrene Acrylic
7.4.2.2. Vinyl Acrylic
7.4.2.3. Polyester
7.4.2.4. Alkyd
7.4.2.5. Epoxy
7.4.2.6. Polyurethane
7.5. North America Market Size (Us$ Bn) Forecast, By Base Type, 2025-2032
7.5.1. Architectural Paints And Coatings
7.5.1.1. Water
7.5.1.2. Solvent
7.5.1.3. Powder
7.5.2. Industrial Paints And Coatings
7.5.2.1. Water
7.5.2.2. Solvent
7.5.2.3. Powder
7.6. North America Market Size (Us$ Bn) Forecast, By Application, 2025-2032
7.6.1. Architectural Paints And Coatings
7.6.2. Industrial Paints And Coatings
8. Europe Paints And Coatings Market Outlook: Historical (2019-2024) And Forecast (2025-2032)
8.1. Key Highlights
8.2. Pricing Analysis
8.3. Europe Market Size (Us$ Bn) Forecast, By Country, 2025-2032
8.3.1. Germany
8.3.2. Italy
8.3.3. France
8.3.4. U.K.
8.3.5. Spain
8.3.6. Russia
8.3.7. Rest Of Europe
8.4. Europe Market Size (Us$ Bn) Forecast, By Technology, 2025-2032
8.4.1. Architectural Paints And Coatings
8.4.1.1. Pure Acrylic
8.4.1.2. Styrene Acrylic
8.4.1.3. Vinyl Acrylic
8.4.1.4. Polyester
8.4.1.5. Alkyd
8.4.1.6. Epoxy
8.4.2. Industrial Paints And Coatings
8.4.2.1. Styrene Acrylic
8.4.2.2. Vinyl Acrylic
8.4.2.3. Polyester
8.4.2.4. Alkyd
8.4.2.5. Epoxy
8.4.2.6. Polyurethane
8.5. Europe Market Size (Us$ Bn) Forecast, By Base Type, 2025-2032
8.5.1. Architectural Paints And Coatings
8.5.1.1. Water
8.5.1.2. Solvent
8.5.1.3. Powder
8.5.2. Industrial Paints And Coatings
8.5.2.1. Water
8.5.2.2. Solvent
8.5.2.3. Powder
8.6. Europe Market Size (Us$ Bn) Forecast, By Application, 2025-2032
8.6.1. Architectural Paints And Coatings
8.6.2. Industrial Paints And Coatings
9. East Asia Paints And Coatings Market Outlook: Historical (2019-2024) And Forecast (2025-2032)
9.1. Key Highlights
9.2. Pricing Analysis
9.3. East Asia Market Size (Us$ Bn) Forecast, By Country, 2025-2032
9.3.1. China
9.3.2. Japan
9.3.3. South Korea
9.4. East Asia Market Size (Us$ Bn) Forecast, By Technology, 2025-2032
9.4.1. Architectural Paints And Coatings
9.4.1.1. Pure Acrylic
9.4.1.2. Styrene Acrylic
9.4.1.3. Vinyl Acrylic
9.4.1.4. Polyester
9.4.1.5. Alkyd
9.4.1.6. Epoxy
9.4.2. Industrial Paints And Coatings
9.4.2.1. Styrene Acrylic
9.4.2.2. Vinyl Acrylic
9.4.2.3. Polyester
9.4.2.4. Alkyd
9.4.2.5. Epoxy
9.4.2.6. Polyurethane
9.5. East Asia Market Size (Us$ Bn) Forecast, By Base Type, 2025-2032
9.5.1. Architectural Paints And Coatings
9.5.1.1. Water
9.5.1.2. Solvent
9.5.1.3. Powder
9.5.2. Industrial Paints And Coatings
9.5.2.1. Water
9.5.2.2. Solvent
9.5.2.3. Powder
9.6. East Asia Market Size (Us$ Bn) Forecast, By Application, 2025-2032
9.6.1. Architectural Paints And Coatings
9.6.2. Industrial Paints And Coatings
10. South Asia & Oceania Paints And Coatings Market Outlook: Historical (2019-2024) And Forecast (2025-2032)
10.1. Key Highlights
10.2. Pricing Analysis
10.3. South Asia & Oceania Market Size (Us$ Bn) Forecast, By Country, 2025-2032
10.3.1. India
10.3.2. Southeast Asia
10.3.3. Anz
10.3.4. Rest Of Sao
10.4. South Asia & Oceania Market Size (Us$ Bn) Forecast, By Technology, 2025-2032
10.4.1. Architectural Paints And Coatings
10.4.1.1. Pure Acrylic
10.4.1.2. Styrene Acrylic
10.4.1.3. Vinyl Acrylic
10.4.1.4. Polyester
10.4.1.5. Alkyd
10.4.1.6. Epoxy
10.4.2. Industrial Paints And Coatings
10.4.2.1. Styrene Acrylic
10.4.2.2. Vinyl Acrylic
10.4.2.3. Polyester
10.4.2.4. Alkyd
10.4.2.5. Epoxy
10.4.2.6. Polyurethane
10.5. South Asia & Oceania Market Size (Us$ Bn) Forecast, By Base Type, 2025-2032
10.5.1. Architectural Paints And Coatings
10.5.1.1. Water
10.5.1.2. Solvent
10.5.1.3. Powder
10.5.2. Industrial Paints And Coatings
10.5.2.1. Water
10.5.2.2. Solvent
10.5.2.3. Powder
10.6. South Asia & Oceania Market Size (Us$ Bn) Forecast, By Application, 2025-2032
10.6.1. Architectural Paints And Coatings
10.6.2. Industrial Paints And Coatings
11. Latin America Paints And Coatings Market Outlook: Historical (2019-2024) And Forecast (2025-2032)
11.1. Key Highlights
11.2. Pricing Analysis
11.3. Latin America Market Size (Us$ Bn) Forecast, By Country, 2025-2032
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Rest Of Latam
11.4. Latin America Market Size (Us$ Bn) Forecast, By Technology, 2025-2032
11.4.1. Architectural Paints And Coatings
11.4.1.1. Pure Acrylic
11.4.1.2. Styrene Acrylic
11.4.1.3. Vinyl Acrylic
11.4.1.4. Polyester
11.4.1.5. Alkyd
11.4.1.6. Epoxy
11.4.2. Industrial Paints And Coatings
11.4.2.1. Styrene Acrylic
11.4.2.2. Vinyl Acrylic
11.4.2.3. Polyester
11.4.2.4. Alkyd
11.4.2.5. Epoxy
11.4.2.6. Polyurethane
11.5. Latin America Market Size (Us$ Bn) Forecast, By Base Type, 2025-2032
11.5.1. Architectural Paints And Coatings
11.5.1.1. Water
11.5.1.2. Solvent
11.5.1.3. Powder
11.5.2. Industrial Paints And Coatings
11.5.2.1. Water
11.5.2.2. Solvent
11.5.2.3. Powder
11.6. Latin America Market Size (Us$ Bn) Forecast, By Application, 2025-2032
11.6.1. Architectural Paints And Coatings
11.6.2. Industrial Paints And Coatings
12. Middle East & Africa Paints And Coatings Market Outlook: Historical (2019-2024) And Forecast (2025-2032)
12.1. Key Highlights
12.2. Pricing Analysis
12.3. Middle East & Africa Market Size (Us$ Bn) Forecast, By Country, 2025-2032
12.3.1. Gcc Countries
12.3.2. South Africa
12.3.3. Northern Africa
12.3.4. Rest Of Mea
12.4. Middle East & Africa Market Size (Us$ Bn) Forecast, By Technology, 2025-2032
12.4.1. Architectural Paints And Coatings
12.4.1.1. Pure Acrylic
12.4.1.2. Styrene Acrylic
12.4.1.3. Vinyl Acrylic
12.4.1.4. Polyester
12.4.1.5. Alkyd
12.4.1.6. Epoxy
12.4.2. Industrial Paints And Coatings
12.4.2.1. Styrene Acrylic
12.4.2.2. Vinyl Acrylic
12.4.2.3. Polyester
12.4.2.4. Alkyd
12.4.2.5. Epoxy
12.4.2.6. Polyurethane
12.5. Middle East & Africa Market Size (Us$ Bn) Forecast, By Base Type, 2025-2032
12.5.1. Architectural Paints And Coatings
12.5.1.1. Water
12.5.1.2. Solvent
12.5.1.3. Powder
12.5.2. Industrial Paints And Coatings
12.5.2.1. Water
12.5.2.2. Solvent
12.5.2.3. Powder
12.6. Middle East & Africa Market Size (Us$ Bn) Forecast, By Application, 2025-2032
12.6.1. Architectural Paints And Coatings
12.6.2. Industrial Paints And Coatings
13. Competition Landscape
13.1. Market Share Analysis, 2025
13.2. Market Structure
13.2.1. Competition Intensity Mapping
13.2.2. Competition Dashboard
13.3. Company Profiles
13.3.1. Ppg Industries
13.3.1.1. Company Overview
13.3.1.2. Product Portfolio/Offerings
13.3.1.3. Key Financials
13.3.1.4. Swot Analysis
13.3.1.5. Company Strategy And Key Developments
13.3.2. Sherwin-williams Company
13.3.3. Axalta Coating Systems
13.3.4. Valspar Corporation
13.3.5. Nei Corporation
13.3.6. Cabot Corporation
13.3.7. Rpm International Inc.
13.3.8. K Diamond Vogel
13.3.9. Nic Industries, Inc.
13.3.10. Akzo Nobel N.V
13.3.11. Hempel A/S
13.3.12. Steuler-kch Gmbh.
13.3.13. Henkel Group
13.3.14. Terraco Group
13.3.15. Fosroc
14. Appendix
14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms And Abbreviations
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