Paints And Coatings Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Paints And Coatings Market By Component (One Component, Two Component and Other Components), By Formulation (Water Borne, Solvent Borne, Powder Based, High Solids and Other Formulations), By Resin Type (Alkyd, Epoxy, Acrylic, Polyurethane Polyester and Vinyl and Other Resins), By Application (Architectural Application and Industrial Application), and Geography.

 

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Report

Description

Paints And Coatings Market size was valued at USD 211.9 billion in 2021 and is expected to reach USD 351.55 billion by 2028, at a CAGR of 7.5% during the forecast period 2022 to 2028. The key factors that are responsible for the market growth include growing green environmental regulations, rising population & per capita income, increasing number of new infrastructure projects and increasing demand from emerging economies. The report studies global Paints and Coatings market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. Global Paints and Coatings market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global Paints and Coatings market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Increasing energy costs is anticipated for the coming years which will lead to increase of feedstock prices, which will openly affect the price of all synthetic resins used in coating applications. Furthermore, the strict rules to decrease the carbon footprint and VOC emissions will effect the market growth of paints and coatings as the manufacturers will have to invest in innovative technology to meet the conditions set by the regulatory bodies.

Paints And Coatings Market

MARKET SUMMARY
-
7.5%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 7.5%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Paints And Coatings Market

  • The global paints and coatings market report gives comprehensive outlook on Paints and Coatings across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on paints and coatings market gives historical, current, and future market sizes (US$ Mn) on the basis of component, formulation, resin type, application, and region.
  • Key stakeholders of the global paints and coatings market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global Paints and Coatings products.
Key Players
  • AkzoNobel N.V.
  • Asian Paints Ltd.
  • Axalta Coating Systems LLC
  • BASF S.E.
  • Jotun Group
Paints And Coatings Market Dynamics

New infrastructure projects, such as bridges and water treatment facilities along with the growth of commercial/industrial businesses are driving the need for coatings used for asset protection. Tremendous pressure has been placed on the infrastructure system and living spaces of those cities. The infrastructure system, in particular, has yet to meet the community’s demand for basic utilities and economic activities. Industrial grade coatings fulfill numerous functional needs of metals such as protecting them against rust oxidation and corrosion, minimizing friction, protecting them from chemicals, facilitating easy assembly, and many more. In addition, demand for the construction sector has increased on the back of growing investments in infrastructure development in emerging economies.


North-America Got Significant Share

Paints And Coatings Market

North America accounted for larger revenue share in global Paints and Coatings market with considerable CAGR. The growth is due to the rise in residential houses sales, together with renovation of the existing houses, which is likely to boost the demand for residential construction. Moreover, emerging markets in Asia Pacific present remarkable opportunities and are rightly targeted by global players. Demand for paints & coatings is on the rise in countries such as China and India.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The paints and coatings market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and startup details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Paints And Coatings Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The paints and coatings market is projected to expand at a CAGR of 7.5% during the forecast period

AkzoNobel N.V., Asian Paints Ltd., Axalta Coating Systems LLC, BASF S.E., Jotun Group

Asia Pacific is the fastest-growing region for the paints and coatings market


Report

Table Of Content

1. Executive Summary
2. Global Paints and Coatings Market Introduction
2.1. Global Paints and Coatings Market – Taxonomy
2.2. Global Paints and Coatings Market –Definitions
2.2.1. Component
2.2.2. Formulation
2.2.3. Application
2.2.4. Resin Type
3. Global Paints and Coatings Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Paints and Coatings Market Dynamic Factors – Impact Analysis
3.6. Global Paints and Coatings Market – Competition Landscape
4. Global Paints and Coatings Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Paints and Coatings Market, By Component, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
5.1. One Component
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Two Component
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Other Components
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Paints and Coatings Market Forecast, By Formulation, 2017 – 2021 and Forecast, 2022 – 2028
6.1. Water Borne
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Solvent Borne
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Powder Based
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. High Solids
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Other Formulations
6.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
7. Global Paints and Coatings Market Forecast, By Resin Type, 2017 – 2021 and Forecast, 2022 – 2028
7.1. Alkyd
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Epoxy
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Acrylic
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Polyurethane
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Polyester
7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Vinyl
7.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
7.7. Other Resins
7.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.7.3. Market Opportunity Analysis
8. Global Paints and Coatings Market Forecast, By Application, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
8.1. Architectural Application
8.1.1. Residential
8.1.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
8.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.1.3. Market Opportunity Analysis
8.1.2. Non-Residential
8.1.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
8.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.2.3. Market Opportunity Analysis
8.1.3. Infrastructure
8.1.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
8.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3.3. Market Opportunity Analysis
8.2. Industrial Application
8.2.1. General Industrial
8.2.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
8.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.1.3. Market Opportunity Analysis
8.2.2. Automotive OEM
8.2.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
8.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.2.3. Market Opportunity Analysis
8.2.3. Automotive Refinish
8.2.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
8.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3.3. Market Opportunity Analysis
8.2.4. Wood Coating
8.2.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
8.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.4.3. Market Opportunity Analysis
8.2.5. Marine Coating
8.2.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
8.2.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.5.3. Market Opportunity Analysis
8.2.6. Coil Coating
8.2.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
8.2.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.6.3. Market Opportunity Analysis
8.2.7. Packaging Coating
8.2.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
8.2.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.7.3. Market Opportunity Analysis
8.2.8. Aerospace Coatings
8.2.8.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
8.2.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.8.3. Market Opportunity Analysis
8.2.9. Others
8.2.9.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
8.2.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.9.3. Market Opportunity Analysis
9. Global Paints and Coatings Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
9.1. North America
9.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Paints and Coatings Market – Opportunity Analysis Index, By Component, Formulation, Resin Type, Application, and Region, 2022 – 2028
10. North America Paints and Coatings Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
10.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. One Component
10.1.2. Two Component
10.1.3. Other Components
10.2. Formulation Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Water Borne
10.2.2. Solvent Borne
10.2.3. Powder Based
10.2.4. High Solids
10.2.5. Other Formulations
10.3. Resin Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Alkyd
10.3.2. Epoxy
10.3.3. Acrylic
10.3.4.  Polyurethane
10.3.5. Polyester
10.3.6. Vinyl
10.3.7. Other Resins
10.4. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Architecture Application
10.4.1.1. Residential
10.4.1.2. Non-Residential
10.4.1.3. Infrastructure
10.4.2. Industrial Application
10.4.2.1. General Industrial
10.4.2.2. Automotive OEM
10.4.2.3. Automotive Refinish
10.4.2.4. Wood Coating
10.4.2.5. Marine Coating
10.4.2.6. Coil Coating
10.4.2.7. Packaging Coating
10.4.2.8. Aerospace Coatings
10.4.2.9. Others
10.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. U.S.
10.5.2. Canada
10.6. North America Paints and Coatings Market – Opportunity Analysis Index, By Component, Formulation, Resin Type, Application, and Country, 2022 – 2028
10.7. North America Paints and Coatings Market Dynamics – Trends
11. Europe Paints and Coatings Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
11.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. One Component
11.2.2. Two Component
11.2.3. Other Components
11.3. Formulation Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Water Borne
11.3.2. Solvent Borne
11.3.3. Powder Based
11.3.4. High Solids
11.3.5. Other Formulations
11.4. Resin Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Alkyd
11.4.2. Epoxy
11.4.3. Acrylic
11.4.4.  Polyurethane
11.4.5. Polyester
11.4.6. Vinyl
11.4.7. Other Resins
11.5. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.5.1.             Architecture Application
11.5.1.1. Residential
11.5.1.2. Non-Residential
11.5.1.3. Infrastructure
11.5.2. Industrial Application
11.5.2.1. General Industrial
11.5.2.2. Automotive OEM
11.5.2.3. Automotive Refinish
11.5.2.4. Wood Coating
11.5.2.5. Marine Coating
11.5.2.6. Coil Coating
11.5.2.7. Packaging Coating
11.5.2.8. Aerospace Coatings
11.5.2.9. Others
11.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.6.1. Germany
11.6.2. UK
11.6.3. France
11.6.4. Spain
11.6.5. Italy
11.6.6. Russia
11.6.7. Poland
11.6.8. Rest of Europe
11.7. Europe Paints and Coatings Market – Opportunity Analysis Index, By Component, Formulation, Resin Type, Application, and Country, 2022 – 2028
11.8. Europe Paints and Coatings Market Dynamics – Trends
12. Asia-Pacific Paints and Coatings Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
12.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. One Component
12.2.2. Two Component
12.2.3. Other Components
12.3. Formulation Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Water Borne
12.3.2. Solvent Borne
12.3.3. Powder Based
12.3.4. High Solids
12.3.5. Other Formulations
12.4. Resin Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Alkyd
12.4.2. Epoxy
12.4.3. Acrylic
12.4.4.  Polyurethane
12.4.5. Polyester
12.4.6. Vinyl
12.4.7. Other Resins
12.5. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.5.1.             Architecture Application
12.5.1.1. Residential
12.5.1.2. Non-Residential
12.5.1.3. Infrastructure
12.5.2. Industrial Application
12.5.2.1. General Industrial
12.5.2.2. Automotive OEM
12.5.2.3. Automotive Refinish
12.5.2.4. Wood Coating
12.5.2.5. Marine Coating
12.5.2.6. Coil Coating
12.5.2.7. Packaging Coating
12.5.2.8. Aerospace Coatings
12.5.2.9. Others
12.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.6.1. Japan
12.6.2. China
12.6.3. India
12.6.4. ASEAN
12.6.5. Australia & New Zealand
12.6.6. Rest of Asia-Pacific
12.7. Asia-Pacific Paints and Coatings Market – Opportunity Analysis Index, By Component, Formulation, Resin Type, Application, and Country, 2022 – 2028
12.8. Asia-Pacific Paints and Coatings Market Dynamics – Trends
13. Latin America Paints and Coatings Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
13.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. One Component
13.2.2. Two Component
13.2.3. Other Components
13.3. Formulation Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Water Borne
13.3.2. Solvent Borne
13.3.3. Powder Based
13.3.4. High Solids
13.3.5. Other Formulations
13.4. Resin Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Alkyd
13.4.2. Epoxy
13.4.3. Acrylic
13.4.4.  Polyurethane
13.4.5. Polyester
13.4.6. Vinyl
13.4.7. Other Resins
13.5. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.5.1.             Architecture Application
13.5.1.1. Residential
13.5.1.2. Non-Residential
13.5.1.3. Infrastructure
13.5.2. Industrial Application
13.5.2.1. General Industrial
13.5.2.2. Automotive OEM
13.5.2.3. Automotive Refinish
13.5.2.4. Wood Coating
13.5.2.5. Marine Coating
13.5.2.6. Coil Coating
13.5.2.7. Packaging Coating
13.5.2.8. Aerospace Coatings
13.5.2.9. Others
13.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.6.1. Brazil
13.6.2. Mexico
13.6.3. Argentina
13.6.4. Venezuela
13.6.5. Rest of Latin America
13.7. Latin America Paints and Coatings Market – Opportunity Analysis Index, By Component, Formulation, Resin Type, Application, and Country, 2022 – 2028
13.8. Latin America Paints and Coatings Market Dynamics – Trends
14. Middle East and Africa Paints and Coatings Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn), Volume (000’ MT)
14.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. One Component
14.2.2. Two Component
14.2.3. Other Components
14.3. Formulation Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Water Borne
14.3.2. Solvent Borne
14.3.3. Powder Based
14.3.4. High Solids
14.3.5. Other Formulations
14.4. Resin Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Alkyd
14.4.2. Epoxy
14.4.3. Acrylic
14.4.4.  Polyurethane
14.4.5. Polyester
14.4.6. Vinyl
14.4.7. Other Resins
14.5. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.5.1. Architecture Application
14.5.1.1. Residential
14.5.1.2. Non-Residential
14.5.1.3. Infrastructure
14.5.2. Industrial Application
14.5.2.1. General Industrial
14.5.2.2. Automotive OEM
14.5.2.3. Automotive Refinish
14.5.2.4. Wood Coating
14.5.2.5. Marine Coating
14.5.2.6. Coil Coating
14.5.2.7. Packaging Coating
14.5.2.8. Aerospace Coatings
14.5.2.9. Others
14.6. MEA Paints and Coatings Market – Opportunity Analysis Index, By Component, Formulation, Application, Resin Type, and Country, 2022 – 2028
14.7. MEA Paints and Coatings Market Dynamics – Trends
15. Competition Landscape
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Component & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. AkzoNobel N.V. (Netherlands)
15.2.2. Asian Paints Ltd. (India)
15.2.3. Axalta Coating Systems LLC (United States)
15.2.4. BASF S.E. (Germany)
15.2.5. Jotun Group (Norway)
15.2.6. Kansai Paint Co. Ltd. (Japan)
15.2.7. Nippon Paint Holdings Co. Ltd. (Japan)
15.2.8. PPG Industries (United States)
15.2.9. RPM International Inc. (United States)
15.2.10. Sherwin-Williams (United States)
16. Research Methodology
17. Key Assumptions and Acronyms

Report

Company Profile

  • AkzoNobel N.V. (Netherlands)
  • Asian Paints Ltd. (India)
  • Axalta Coating Systems LLC (United States)
  • BASF S.E. (Germany)
  • Jotun Group (Norway)
  • Kansai Paint Co. Ltd. (Japan)
  • Nippon Paint Holdings Co. Ltd. (Japan)
  • PPG Industries (United States)
  • RPM International Inc. (United States)
  • Sherwin-Williams (United States)

Description

Paints And Coatings Market size was valued at USD 211.9 billion in 2021 and is expected to reach USD 351.55 billion by 2028, at a CAGR of 7.5% during the forecast period 2022 to 2028. The key factors that are responsible for the market growth include growing green environmental regulations, rising population & per capita income, increasing number of new infrastructure projects and increasing demand from emerging economies. The report studies global Paints and Coatings market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. Global Paints and Coatings market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global Paints and Coatings market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Increasing energy costs is anticipated for the coming years which will lead to increase of feedstock prices, which will openly affect the price of all synthetic resins used in coating applications. Furthermore, the strict rules to decrease the carbon footprint and VOC emissions will effect the market growth of paints and coatings as the manufacturers will have to invest in innovative technology to meet the conditions set by the regulatory bodies.

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