Paints And Coatings Market Expansion Outlook: $315.08 Billion in 2029

Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.

What Is the Projected CAGR for the Paints And Coatings Market from 2024 to 2025?
In the past few years, the paints and coatings market has experienced significant growth. The market size, which stood at $236.23 billion in 2024, is expected to rise to $248.06 billion in 2025, growing at a compound annual growth rate (CAGR) of 5.0%. Factors contributing to the growth during the historical period include a surge in construction and real estate, increasing trends in the automotive industry, expansion of industrial manufacturing, environmental rules, and fluctuations in the prices of raw materials.

What are the Expected Market Size and CAGR for Paints And Coatings by 2029?
The market for paints and coatings is predicted to witness robust expansion in the coming years. The market valuation is projected to reach $315.08 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 6.2%. Factors contributing to the forecasted period's growth encompass sustainable and green practices, swift urban growth, economic development in emerging markets, emphasis on infrastructure renovation, and strict safety regulations. Key trends for the forecasted period embrace manufacturing digitalization, intelligent coatings and nanotechnology, technological progression, eco-friendly and sustainably produced coatings, and a focus on high-performance coatings.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/paints-and-coatings-global-market-report

Which Factors Are Driving the Global Paints And Coatings Market Expansion?
The surge in use by end-user sectors is anticipated to boost the expansion of the paint and coatings market. The consumption of paints and coatings has seen an exponential increase across numerous industries. Automotive, construction, and manufacturing are sectors where paints and coatings are in high demand because they protect surfaces, improve appearance, and offer corrosion resistance, especially in the construction sector. To illustrate, information from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development in June 2023 pointed out that in May 2023, the construction of privately owned homes occurred at an adjusted annual rate of 1,631,000. This reflects a rise of 21.7% from the revised forecast of 1,340,000 in April 2023, and an increment of 5.7% from the May 2022 rate of 1,543,000. Additionally, the number of finished privately owned homes in May 2023 stood at 1,518,000 on a yearly adjusted basis. This signifies a growth of 5.0% from the May 2022 rate of 1,446,000 and a 9.5% upsurge from the revised estimate of 1,386,000 in April 2023. Therefore, the escalating growth in industries that use these products is projected to push the paint and coatings market forward.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2115&type=smp

Which Segment Currently Holds the Largest Share of the Paints And Coatings Market?
The paints and coatings market covered in this report is segmented -

1) By Type: Water Borne Coatings, Solvent Based Coatings, Powder Coatings, Other Paints and Coatings
2) By Type of Resin: Acrylic, Polyurethanes, Polyesters, Epoxy, Alkyd, Other Type of Resins
3) By Performance Range: Commodity Coating Range, Engineering Coating Range, High-Performance Coating Range
4) By Application: Architectural, Automotive, Wood, Packaging, Aerospace, Other Applications

Subsegments:
1) By Water Borne Coatings: Acrylic Coatings, Latex Coatings, Polyurethane Coatings
2) By Solvent Based Coatings: Alkyd Coatings, Epoxy Coatings, Nitrocellulose Coatings
3) By Powder Coatings: Thermosetting Powder Coatings, Thermoplastic Powder Coatings
4) By Other Paints And Coatings: Specialty Coatings, High-Performance Coatings, Industrial Coatings

Which Major Trends Are Shaping the Future of the Paints And Coatings Industry?
The use of biocides in paint production is growing to improve their durability and sustain their quality. These biocide additives are engineered to safeguard both the storage and application of paint against spoilage and the growth of fungus and algae, promising a growing market for these additives. Contributing to this growth is the shift from solvent-based paints to a more environmentally friendly water-based alternative, which is safer for both humans and the environment while also reducing the presence of detrimental organisms. However, this switch towards green substitutes for traditional chlorine and formaldehyde-based biocides has triggered an increase in production costs. Prominent companies employing biocides in their paint production processes include The Dow Chemical Company, Troy Corporation, BASF SE, Thor Group, and AkzoNobel N.V.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=2115&type=smp

Which Key Players Dominate the Paints And Coatings Industry Globally?
Major companies operating in the paints and coatings market include BASF SE, Sherwin Williams Company, PPG Industries Inc., Arkema SA., Akzo Nobel N.V., Nippon Paint Holdings Co ltd., Masco Corporation, RPM International Inc., KCC Corporation, Axalta Coating Systems ltd., Diamond Vogel Paints, The Valspar Corporation, Asian Paints Limited, Kansai Paint Co. Ltd., Jotun Group, Hempel A/S, DAW SE, Benjamin Moore & Co., Berger Paints India Limited, Berger Paints India Limited, Rust-Oleum Corporation, Dunn-Edwards Corporation, Tikkurila Oyj, Nihon Tokushu Toryo Co. Ltd., Kelly-Moore Paints, Tnemec Company Inc., Chugoku Marine Paints Ltd., Behr Process Corporation, Vitracoat America Inc., National Paints Factories Co. Ltd., Shalimar Paints Limited

What Are the Fastest-Growing Regions in the Paints And Coatings Market?
Asia-Pacific was the largest region in the paints and coatings market in 2024. Western Europe was the second-largest region in the paints and coatings market. The regions covered in the paints and coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Speak With Our Expert: Saumya Sahay: Americas +1 310-496-7795: Asia +44 7882 955267 & +91 8897263534: Europe +44 7882 955267: Email: saumyas@tbrc.info: The Business Research Company - www.thebusinessresearchcompany.com: Follow Us On: LinkedIn: https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.