Paints & Coatings Market worth $288.41 billion by 2030, growing at a CAGR of 7.77% - Exclusive Report by 360iResearch

The "Paints & Coatings Market by Product (Powder, Solvent Based, Water Based), Resin Type (Acrylic, Alkyd, Epoxy), Positioning, End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Paints & Coatings Market to grow from USD 170.73 billion in 2023 to USD 288.41 billion by 2030, at a CAGR of 7.77%.

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Paints & coatings are elements that have revolutionized the painting sector. Paint & coatings are substances applied to surfaces that provide a protective and decorative finish. They are commonly used on surfaces such as walls, ceilings, floors, furniture, vehicles, and machinery. Paint is a liquid or semi-liquid substance comprising pigments, solvents, binders, and additives. Paints & coatings provide specific properties such as flame retardancy, anti-fouling, and anti-microbial properties in architectural, industrial, automotive, aerospace, and other end-use sectors. Increasing construction activities and growing automotive production is elevating the demand for paint & coatings. However, the paint and coating industry is also facing some challenges, including environmental hazards and limitations of powder coatings that impede the growth of the paint and coating market. Increasing research & development activities to develop sustainable and eco-friendly paints & coatings is expected to benefit the market's growth.

The paints & coatings market in the Americas region represents a highly developed and innovative landscape owing to the increasing applications in the aerospace, automotive, and construction sector and the growing introduction of eco-friend paint & coatings. As per Associated General Contractors of America (AGC), the construction sector develops approximately USD 1.4 trillion worth of structures every year in the United States and has over 7 million employees. Construction spending is rising in the United States, Brazil, Mexico, and other nations with continuous infrastructure development. In January 2022, the total construction spending was USD 1,677.2 billion, 1.3% more than the revised December 2021 estimate of USD 1,655.8 billion. Similarly, as per the National Institute of Statistics and Geography (INEGI), in December 2021, construction output in Mexico increased by 2.79% over the same month in the previous year. In 2021, according to the International Organization of Motor Vehicle Manufacturers (OICA), total car production was higher across China, Japan, India, South Korea, Malaysia, Thailand, and Indonesia. The growing automotive vehicle production in Asia-Pacific is expected to expand the usage of paints & coatings. The ongoing strategies by market players in Europe to expand their presence in the paint & coatings are expected to create a platform in EMEA. For instance, Huntsman Corporation launched the POLYRESYST IC6005 polyurethane system in Europe, a novel intumescent coating developed for the construction industry that can provide passive fire performance alongside strong protective properties.

Market Segmentation & Coverage:

This research report categorizes the Paints & Coatings Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Powder, Solvent Based, and Water Based. The Solvent Based commanded largest market share of 43.65% in 2023, followed by Water Based.

Based on Resin Type, market is studied across Acrylic, Alkyd, Epoxy, Polyester, and Polyurethane. The Acrylic commanded largest market share of 25.75% in 2023, followed by Epoxy.

Based on Positioning, market is studied across Mid-tier/Standard, Premium, and Value/Economy. The Mid-tier/Standard is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Architectural/Decorative and Industrial. The Architectural/Decorative is further studied across Non-residential and Residential. The Residential is further studied across New Construction and Remodel & Repaint. The Industrial is further studied across Aerospace, Automotive, General Industrial, Marine, Packaging, and Rail. The Architectural/Decorative commanded largest market share of 59.92% in 2023, followed by Industrial.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 44.36% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Paints & Coatings Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Paints & Coatings Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Paints & Coatings Market, highlighting leading vendors and their innovative profiles. These include Akzo Nobel N.V., Asian Paints Limited, Axalta Coating Systems Ltd., BASF SE, Benjamin Moore & Co., Berger Paints Ltd., Chongqing Sanxia Paints Co., Ltd., DAW SE, Diamond Vogel Paint Company, DuPont de Nemours, Inc., H.B. Fuller Company, Hempel A/S, Henkel AG & Co. KGaA, HUELSEMANN Coatings GmbH, Indigo Paints Ltd., Jotun A/S, Kansai Paint Co.,Ltd., Kelly-Moore Paints, Masco Corporation, Nippon Paint Holdings Co., Ltd., Omega Industries, PPG Industries, Inc., RPM International Inc., S&B Finishing Co. Inc., Shalimar Paints, SKK(S) Pte. Ltd., The Sherwin-Williams Company, Tiger Coatings GmbH & Co. KG, Tikkurila Oyj, and Vista Paint Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Paints & Coatings Market, by Product
7. Paints & Coatings Market, by Resin Type
8. Paints & Coatings Market, by Positioning
9. Paints & Coatings Market, by End-User
10. Americas Paints & Coatings Market
11. Asia-Pacific Paints & Coatings Market
12. Europe, Middle East & Africa Paints & Coatings Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Paints & Coatings Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Paints & Coatings Market?
3. What is the competitive strategic window for opportunities in the Paints & Coatings Market?
4. What are the technology trends and regulatory frameworks in the Paints & Coatings Market?
5. What is the market share of the leading vendors in the Paints & Coatings Market?
6. What modes and strategic moves are considered suitable for entering the Paints & Coatings Market?

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