Paints and Coatings Market Trends Opportunities for Investment in Key Sectors

Market Insights and Growth Drivers:

The global paints and coatings market is on a strong growth trajectory, projected to reach $278.4 billion by 2031, up from $175.8 billion in 2021, at a CAGR of 4.7% from 2022 to 2031. This expansion is driven by increased demand from key industries such as automotive, construction, and architecture across both developed and emerging economies. However, health concerns related to volatile organic compounds (VOCs) in paints and coatings pose a challenge to market growth. The emergence of high-solid and low-VOC paints is expected to open new opportunities in the industry.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/6115

Segment Analysis

Resin Type:

- Acrylic Segment: Held the largest market share (~33%) in 2021 and is expected to continue its dominance through 2031. The segment benefits from rapid urbanization, fueling demand in construction and decorative applications.

- Alkyd Segment: Forecasted to exhibit the highest CAGR of 5.3% due to expanding housing and real estate sectors, along with rising disposable income levels.

Product Type:

- Waterborne Coatings: Accounted for over 40% of the market in 2021 and will likely maintain the lead, driven by growing furniture demand worldwide.

- Solvent-borne Coatings: Expected to grow at the fastest CAGR of 5.2%, owing to their extensive use in industrial equipment applications, particularly in chemical manufacturing units.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/paints-and-coatings-market/purchase-options

Application:

- Architectural Segment: Represented nearly 60% of the market in 2021 and is projected to retain its supremacy, expanding at a 5.0% CAGR through 2031. Urbanization and increased demand for residential and commercial properties are key growth factors.

Regional Outlook

- Asia-Pacific emerged as the leading regional market in 2021, contributing nearly 40% of the global revenue. The region is also anticipated to exhibit the fastest CAGR of 5.2% during the forecast period, supported by industrial advancements in transportation, construction, and other sectors.

Key Market Players

Prominent companies shaping the global paints and coatings market include:

- RPM International Inc.

- Asian Paints

- Indigo Paints Ltd

- PPG Industries, Inc.

- Nippon Paint Holdings Co., Ltd

- The Sherwin-Williams Company

- Akzo Nobel N.V

- Kwality Paints and Coatings Pvt. Ltd.

- Kansai Paint Co., Ltd.

- Axalta Coating Systems, LLC

These market leaders leverage strategies such as product innovation, acquisitions, strategic partnerships, and geographic expansion to strengthen their foothold in the industry.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/paints-and-coatings-market

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int'l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.