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Paints and Coatings Market Share, Trend, Segmentation and Forecast to 2025

The global market is anticipated to achieve moderate growth over the forecast period. The demand of these products globally is expected to increase owing to growth of applications from end-use industries, architecture segment, regional demand, changing consumer preference for bio based products and technological advancements.

The Global Paints and Coatings Market is anticipated to exceed USD 227.70 billion by 2025, according to a new report by Grand View Research, Inc.


Increasing applications from end-use industries such as aerospace, automotive, general industries, marine and wood have augmented the growth of the market. Architectural sector is the other parameter that has majorly driven the global industry. The growth of architectural coats is attributed to growing construction spending in emerging regions.

The industry is a highly regulated industry due to presence of volatile organic compounds in these products which are harmful for the environment. However, the industry has witnessed a huge shift towards green and bio-based products in the form of powder based and waterborne formulations.

Waterborne coatings were the largest product segment in 2016 with demand of over 17.0 kilo tons in 2016 and is expected grow substantially over the forecast period owing to increasing demand from several application segments including construction, furniture and automobile industries.

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Product demand is anticipated to increase owing to increased construction spending and consumer preference especially in developed nations of Asia Pacific region for eco-friendly formulations.

Top Players of Paints and Coatings Market:

Major global players operating in the industry include BASF SE, PPG Industries, Sherwin-Williams Company, AkzoNobel, Axalta Coating System, Valspar Corporation, Kansai Paint, RPM International Inc., Nippon Paint Holdings, and Jotun Group.

Market Segmentation of Paints and Coatings Market:

The Global Paints and Coatings Market segmented on the basis of Material, Product and Application.

By Product:

    High solids/radiation curing
    Powder coatings
    Waterborne coatings
    Solvent-borne coatings

By Material:

    Acrylic
    Alkyd
    Polyurethane
    Epoxy
    Polyesters

By Application:

    Architectural & Decorative
    Non-architectural
    Automotive
    Wood
    General Industrial
    Marine
    Protective

Inquire about Paints and Coatings Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4558
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