Asia Pacific Paints and Coatings Market Expected to Reach US$ 104.13 Billion by 2030, Fueled by Expanding Construction Activities and Demand for Eco-Friendly Coatings | DataM Intelligence

TOKYO, Japan - The Asia Pacific Paints and Coatings Market reached approximately US$ 69.37 billion in 2023 and is expected to reach about US$ 104.13 billion by 2030, growing at a CAGR of 6% during the forecast period 2024-2030.

The growth in this market is primarily driven by rising construction activities and growing demand from the automotive sector in emerging countries such as India, Japan, and South Korea. The availability of raw materials at lower costs and less stringent VOC emission regulations compared to North America and Europe provide significant opportunities for market expansion across various end-use sectors including construction, automotive, marine, and manufacturing.

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Industry Latest News 2025:

✅ Canadian startup Revivify launched self-healing paint in 2025 featuring nanotechnology for heat-activated surface protection, offering corrosion and acid resistance for aerospace, maritime, and semiconductor industries.

✅ Finnish startup Cover Story introduced plastic-free, VOC-free sustainable paints for interior and exterior use, using renewable plant oil binders and natural pigments, promoting eco-friendly, odorless, water-based painting solutions.

✅ Polish startup Coat-it expanded surface treatment solutions in 2025 with coatings that have self-healing, self-cleaning, antifouling, and superhydrophobic properties for automotive, construction, and energy sectors.

✅ Key trends include rising demand for antibacterial and VOC-free paints, smart coatings with self-healing and energy-efficient properties, and advanced nanocoatings enhancing durability, UV protection, and antimicrobial features.

✅ Technological advancements focus on water-based low-VOC formulations, nano-additives, 3D color visualization tools, and fast-drying paints, supporting sustainability and improved performance in decorative, industrial, and automotive applications.

Merges and Acquisitions (2025):

✅ Asian Paints Ltd., a major player in the Asia Pacific paints and coatings market, expanded its manufacturing capacity by acquiring a state-of-the-art coating facility in India in 2025, strengthening its position in architectural and industrial coatings.

✅ Nippon Paint Holdings reinforced its Asia Pacific footprint by acquiring specialty coatings companies in Southeast Asia in 2025, focusing on environmentally friendly and low-VOC coating technologies across emerging markets.

✅ AkzoNobel completed the acquisition of a regional decorative coating brand in Australia in 2025, enhancing its product portfolio and distribution networks in the Asia Pacific region.

Growth Drivers:

-Rapid urbanization and infrastructure development across the Asia Pacific, particularly in countries like China, India, Indonesia, and Vietnam, create strong demand for decorative and protective paints used in residential, commercial, and public infrastructure projects.

-The booming automotive and transportation sectors in the region, including major automobile manufacturing hubs such as China, Japan, India, South Korea, and Thailand, drive demand for automotive coatings for aesthetics and corrosion protection.

-Increasing investments in smart city projects, metro rail systems, highways, affordable housing, airports, and other public infrastructure fuel demand for high-performance coatings with antibacterial, heat-reflective, and odorless properties.

-Environmental regulations pushing for low-VOC (volatile organic compounds) and eco-friendly waterborne coatings spur innovation and market growth.

-Industrial coatings see rising use in manufacturing, machinery protection, and maintenance alongside decorative applications.

-Expanding middle-class populations and growing construction activities support architectural coatings demand, which accounts for a major share of the market.

-Availability of raw materials locally and slightly relaxed VOC emission regulations compared to Europe and North America offer growth advantages.

-Market players are expanding production capacities and investing in R&D to develop value-added products catering to regional preferences and regulatory standards.

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Market Segmentation Analysis:

-By Resin

Acrylic: Most used for UV resistance and durability

Alkyd: Cost-effective with good adhesion

Epoxy: Used for industrial and marine corrosion protection

Polyester, Polyurethane & Fluoropolymer: For high-performance coatings

Specialty resins like PEEK serve niche, high-tech needs

-By Technology

Water-based: Eco-friendly, dominant market share

Solvent-based: Durable for heavy-duty use

Powder coatings: Growing for environmental benefits

UV Cured, Electron Beam: Advanced tech for fast curing and robustness

-By Resin Characteristics

Commodity (mainly thermoplastics): Widely used in architecture and industry

Thermoset (epoxy, polyurethane): For chemical and mechanical resistance

Engineering coatings: High-performance in aerospace, automotive, electronics

-By End-Users

Architectural: Largest share, driven by urbanization and construction

Industrial: Includes machinery, manufacturing

Marine: Shipbuilding and offshore platforms

Packaging: Protective and decorative coatings

Aerospace and Rail: Niche, high-value segments

Key Regional Insights:

Asia-Pacific: This region is expected to register the fastest growth, driven by large-scale infrastructure projects, rapid urbanization, and government investments in smart cities. China, India, and Japan are key markets with rising demand for cost-effective, high-performance coatings in transportation, commercial, and industrial construction. Expanding automotive production and manufacturing hubs also contribute significantly to market growth, with increasing preference for advanced and sustainable coatings.

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Competitive Landscape:

According to DataM Intelligence, the Asia Pacific Paints and Coatings Market is exhibiting strong growth fueled by rapid urbanization, industrialization, infrastructure development, and increasing demand from construction, automotive, and manufacturing sectors in key economies such as China, India, and Japan.

Key Players:
AkzoNobel N.V. | PPG Industries, Inc. | The Sherwin-Williams Company | Axalta Coating Systems | Jotun

Key Highlights (Top 5 Key Players) for Asia Pacific Paints and Coatings Market:

-AkzoNobel N.V. leads with a comprehensive product range including decorative and protective coatings known for sustainability and innovation, serving residential, commercial, and industrial markets.

-PPG Industries, Inc. holds a strong position with specialty coatings used extensively in automotive OEM, industrial machinery, and heavy infrastructure projects across the region.

-The Sherwin-Williams Company provides wide-ranging coatings portfolio covering architectural, protective, and industrial segments, leveraging acquisitions to expand regional footprint.

-Axalta Coating Systems focuses on automotive and industrial coatings, offering advanced technologies for corrosion protection and aesthetics, essential for growing automotive production in Asia Pacific.

-Jotun specializes in marine coatings, protective and decorative paints, benefiting from booming shipbuilding and construction in countries like China, India, and Southeast Asia.

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