Paints & Coatings Market Size to Hit USD 369.85 billion by 2031, at 5.2% CAGR - Report by Transparency Market Research, Inc.
07.08.2025 - 18:04:09
Emerging research and adoption of bio-based raw materials for paint and coatings production signal a shift towards sustainable sourcing and reduced environmental impact, catering to eco-conscious consumers. Advancements in nanotechnology facilitate the development of nanocoatings, enhancing surface properties with functionalities like self-cleaning, anti-corrosion, and antimicrobial properties, broadening application scopes.
Get Sample PDF Research Report with Latest Industry Insights @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1172
Paints & Coatings Market Report Scope:
Report Coverage
Details
Forecast Period
2022-2031
Base Year
2020
Size in 2021
US$ 181.89 Bn
Forecast (Value) in 2031
US$ 369.85 Bn
Growth Rate (CAGR)
5.2 %
No. of Pages
300
Segments covered
Resin, Technology, Application
The integration of smart coatings with functionalities such as temperature responsiveness, self-repair, or color-changing properties for indications like structural integrity, expands the market into innovative, high-tech solutions.
Focus on coatings with anti-bacterial or anti-viral properties aimed at promoting hygienic surfaces in public spaces and healthcare facilities, reflecting changing health concerns post-pandemic. Initiatives embracing circular economy principles within the coatings industry, focusing on recycling and repurposing coatings, drive sustainability efforts, and reduce waste in the production lifecycle.
Key Findings of the Market Report
Polyurethane resin leads the paints & coatings market due to its versatility, durability, and wide applications in diverse coating formulations.Water-based technology leads the paints & coatings market due to its eco-friendliness, lower VOC emissions, and increasing consumer preference for sustainability.Building & construction leads the paints & coatings market due to increased demand for architectural coatings and protective solutions.Paints & Coatings Market Growth Drivers & Trends
Continuous innovations in coatings technology enhance performance, durability, and eco-friendliness, driving market growth.Increased infrastructure development globally fuels demand for architectural coatings and protective solutions.Stringent regulations promoting eco-friendly formulations propel the market towards sustainable coatings.Expansion in manufacturing and industrial sectors drives demand for industrial coatings and specialized solutions.Rising preference for water-based paints due to lower VOC emissions influences market trends and consumer choices.Ask Expert for the Research Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1172
Global Paints & Coatings Market: Regional Profile
North America stands as a prominent market driven by robust industrial and construction sectors. Technological innovations and a focus on eco-friendly formulations characterize the region's paint and coating industry. Stringent regulations and a penchant for premium quality coatings fuel market growth.Europe showcases a mature market emphasizing sustainability and stringent environmental regulations. Increasing demand for water-based paints, eco-friendly coatings, and architectural coatings shape the market. Research and development initiatives for innovative, low-VOC formulations mark industry trends.Asia Pacific, amid rapid urbanization and infrastructure development, presents lucrative opportunities. Growing construction activities and industrial expansion drive demand for decorative and protective coatings. The region's economic growth fosters innovation, with a significant emphasis on cost-effective and durable coatings, propelling market growth.Paints & Coatings Market: Competitive Landscape
The paints & coatings market thrives in a competitive landscape with major players like AkzoNobel, PPG Industries, and Sherwin-Williams dominating. Intense competition fosters innovation, driving diverse product offerings—from decorative paints to industrial coatings.
Technological advancements, eco-friendly formulations, and mergers & acquisitions define competitive strategies. Emerging players focusing on specialized coatings and sustainable formulations contribute to market diversification.
Factors like product quality, performance, cost-efficiency, and global presence significantly influence consumer preferences, reshaping the dynamic and evolving paints & coatings market. Some prominent manufacturers are as follows:
Akzo Nobel N.VBASF SEThe Sherwin Williams CompanyPPG industries Inc.Axalta Coating SystemRPM international Inc.KKC CorporationBerger Paints India LimitedNippon Paints Holdings Co. Ltd.The Valspar CorporationJotun A/SAsian Paints Limited.Kansai Paints Co. Ltd.Dow CoringHellos GroupMasco CorporationTIKKURILAOYJDiamond VogelBackers GroupProduct Portfolio
Axalta Coating Systems specializes in high-performance coatings used in automotive, industrial, and2wer refinish applications. Their portfolio includes paints, powder coatings, and innovative technologies catering to various industries with a focus on durability and sustainability.RPM International Inc. offers a broad range of specialty coatings, sealants, and building materials. Their portfolio encompasses paints, coatings, and construction products, serving the industrial, residential, and commercial sectors, emphasizing quality and innovation.KKC Corporation is known for its diverse range of coatings and specialty chemicals. Their portfolio includes paints, architectural coatings, and functional materials, catering to industries like construction, automotive, and electronics, prioritizing advanced technology and high-quality solutions.Paints & Coatings Market: Key Segments
By Resin
AcrylicPolyurethanePolyesterAlkydsEpoxyOthersBy Technology
Water-basedSolvent-basedHot MeltPowderOthersBy Application
Automation & TransportationAerospaceBuilding & ConstructionHealthcare & Medical devicesMarineElectricals & ElectronicsPackagingOthersBy Region
North AmericaLatin AmericaEuropeAsia PacificMiddle East & AfricaContact us for Special Discount and Pricing: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=1172
More Trending Reports by Transparency Market Research –
Hydroelectric Cells Market- The global industry was valued at US$ 1.7 Bn in 2021 and it is estimated to grow at a CAGR of 6.1% from 2022 to 2031 and reach US$ 3.0 Bn by the end of 2031
Ecological Restoration Service Market- The industry was valued at US$ 35.8 Bn in 2021 and it is estimated to advance at a CAGR of 9.4% from 2022 to 2031 and reach US$ 87.9 Bn by the end of 2031
Plastic-eating Bacteria Market- The global industry was valued at US$ 194.5 Thousand in 2021 and it is estimated to advance at a CAGR of 15.1% from 2022 to 2031 and reach US$ 771.5 Thousand by the end of 2031
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube
Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/paints--coatings-market-size-to-hit-usd-369-85-billion-by-2031--at-5-2-cagr--report-by-transparency-market-research-inc-302031211.html
