Press release
Paints and Coatings Market Size to Hit USD 274.8 Billion by 2033 | With a 4.5% CAGR
IMARC Group's report titled "๐๐๐ข๐ง๐ญ๐ฌ ๐๐ง๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ (๐๐๐ญ๐๐ซ๐๐จ๐ซ๐ง๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ, ๐๐จ๐ฅ๐ฏ๐๐ง๐ญ-๐๐จ๐ซ๐ง๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ, ๐๐จ๐ฐ๐๐๐ซ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ, ๐๐ข๐ ๐ก ๐๐จ๐ฅ๐ข๐๐ฌ/๐๐๐๐ข๐๐ญ๐ข๐จ๐ง ๐๐ฎ๐ซ๐ข๐ง๐ , ๐๐ง๐ ๐๐ญ๐ก๐๐ซ๐ฌ), ๐๐๐ญ๐๐ซ๐ข๐๐ฅ (๐๐๐ซ๐ฒ๐ฅ๐ข๐, ๐๐ฅ๐ค๐ฒ๐, ๐๐จ๐ฅ๐ฒ๐ฎ๐ซ๐๐ญ๐ก๐๐ง๐, ๐๐ฉ๐จ๐ฑ๐ฒ, ๐๐จ๐ฅ๐ฒ๐๐ฌ๐ญ๐๐ซ, ๐๐ง๐ ๐๐ญ๐ก๐๐ซ๐ฌ), ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง (๐๐ซ๐๐ก๐ข๐ญ๐๐๐ญ๐ฎ๐ซ๐๐ฅ ๐๐ง๐ ๐๐๐๐จ๐ซ๐๐ญ๐ข๐ฏ๐, ๐๐จ๐ง-๐๐ซ๐๐ก๐ข๐ญ๐๐๐ญ๐ฎ๐ซ๐๐ฅ), ๐๐ง๐ ๐๐๐ ๐ข๐จ๐ง ๐๐๐๐-๐๐๐๐". Theย global paints and coatings market sizeย reached USD 185.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 274.8 Billion by 2033, exhibiting a growth rate (CAGR) of 4.5% during 2025-2033.๐๐ซ๐๐ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ:ย https://www.imarcgroup.com/paints-coatings-market/requestsample
๐ ๐๐๐ญ๐จ๐ซ๐ฌ ๐๐๐๐๐๐ญ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐ญ๐ก๐ ๐๐๐ข๐ง๐ญ๐ฌ ๐๐ง๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
โ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐ง๐ ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง:
Technological advancements the main key driver in expansion of the paints and coatings industry. Today, manufactures work hand in hand to develop new products that will satisfy these needs as well as perform better as required by the regulatory bodies. There is tendency towards biocides - free and more environmental coatings in the market. This is because of issues of environment and strict regulation. Some of the most commonly used types include water borne paints and low VOC coating. These are much safer and have minimal effects on the environment as opposed to other methods favored by many. Also, the nanotechnology's development resulted in coatings with certain characteristics. Some of these properties include; Self healing, Antimicrobial and Water resistance properties. Such innovations expand their application in automotive, construction as well as aerospace industries.
โ ๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ง๐๐ซ๐๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
Construction and infrastructure sectors act therefore as the main economic drivers for the paints and coatings industry. Reasons such as increased population, urbanization, and increased affluence translate to increasing new buildings demand. This trend is true, particularly in the Asia-Pacific and Latin American markets where BipV is being applied to infrastructure projects and urban regeneration. As a result, there is increasing demand for paints and coatings to serve as the shield and aesthetically decorate the built environment including buildings, bridges and roads. Also the improvement projects for existing structures that are also renovation projects swell the market growth.
โ ๐๐ฑ๐ฉ๐๐ง๐๐ข๐ง๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐ ๐๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐๐ญ๐ข๐จ๐ง ๐๐๐๐ญ๐จ๐ซ:
Automotive and transportation segment out rightly influence the consumption of paints and coatings to a great extent. This has result from the production of vehicles, their maintenance and the demand from the after market services. On an increase of the number of vehicle owners around the world, there is an increasing demand for both private cars and commercial transport. This trend has a positive impact in the paints and coatings market. To satisfy auto OEMs and consumers requirements, current applied coatings by manufacturers are characterized by enhanced corrosion and scratch protection, improved color stability, and prolonged service life. In addition, new opportunities arise with electric and autonomous vehicles at the fore front. This is particularly the case with coatings that enhance energy and performance, including lightweight and thermal management coatings.
๐๐ฎ๐ฒ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ:ย https://www.imarcgroup.com/checkout?id=6312&method=502
๐๐๐๐๐ข๐ง๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ข๐ง๐ญ ๐๐ง๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
โ Akzo Nobel N.V.
โ Asian Paints Ltd.
โ Axalta Coating Systems Ltd.
โ Berger Paints India Limited
โ Indigo Paints Limited
โ Jotun A/S
โ Kansai Paint Co. Ltd.
โ National Paints Factories Co. Ltd.
โ PPG Industries Inc.
โ RPM International Inc.
โ The Sherwin-Williams Company and Tiger Coatings GmbH & Co. KG.
๐๐๐ข๐ง๐ญ๐ฌ ๐๐ง๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ:
โ Waterborne Coatings
โ Solvent-borne Coatings
โ Powder Coatings
โ High Solids/Radiation Curing
โ Others
Waterborne coatings represented the largest segment due to their environmentally friendly nature, low VOC content, and increasing regulatory pressure to reduce emissions, driving their adoption across various industries and applications.
๐๐ฒ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ:
โ Acrylic
โ Alkyd
โ Polyurethane
โ Epoxy
โ Polyester
โ Others
Acrylic represented the largest segment due to its versatility, durability, and wide-ranging applications in architectural coatings, automotive coatings, industrial coatings, and decorative paints, among others, making it a preferred choice for manufacturers and end-users alike.
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง:
โ Architectural and Decorative
โ Non-Architectural
โ Automotive and Transportation
โ Wood
โ General Industrial
โ Marine
โ Protective
โ Others
Architectural and decorative represented the largest segment primarily because of the booming construction industry worldwide, coupled with growing urbanization and increasing consumer demand for aesthetically pleasing and long-lasting coatings for residential, commercial, and institutional buildings.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
โ North America (United States, Canada)
โ Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
โ Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
โ Latin America (Brazil, Mexico, Others)
โ Middle East and Africa
Asia Pacific enjoys the leading position in the paints and coatings market, driven by rapid urbanization, infrastructure development, and thriving construction industry.
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ:ย https://www.imarcgroup.com/request?type=report&id=6312&flag=C
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ข๐ง๐ญ๐ฌ ๐๐ง๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The global market is fueled by rising incomes in developing countries. This growth leads to higher spending on home improvement and decoration. Also, more attention is being paid to maintenance and repairs to extend the life of the property and improve efficiency. This trend drives market growth.
Furthermore, rapid urbanization and infrastructure projects in these countries have fueled the demand for architectural coatings. These are essential for homes, businesses, and public buildings. Similarly, innovations in the automotive sector, such as electric cars and self-driving technology, also drive demand. These advancements require coatings that provide electrical insulation, manage heat, and are compatible with sensors. This requirement drives market growth.
๐๐จ๐ญ๐: ๐๐ ๐ฒ๐จ๐ฎ ๐ง๐๐๐ ๐ฌ๐ฉ๐๐๐ข๐๐ข๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐ญ๐ก๐๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ ๐ฌ๐๐จ๐ฉ๐ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ ๐ฐ๐ข๐ฅ๐ฅ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ ๐ข๐ญ ๐ญ๐จ ๐ฒ๐จ๐ฎ ๐๐ฌ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email:ย sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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