Leading Companies Fueling Innovation and Growth in the Emulsion Paint Market

The emulsion paint market is set for consistent expansion over the coming years, driven by evolving consumer preferences and technological progress. This growth arises from advancements in building materials and an increasing focus on health and sustainability. Let's explore the market size projections, leading companies, emerging trends, and segment breakdowns shaping the emulsion paint industry.

Forecasted Growth Trajectory of the Emulsion Paint Market
The emulsion paint market is anticipated to grow steadily, reaching a valuation of $15.17 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 4.5% during the forecast period. Several factors contribute to this rise, including the development of smart housing, heightened awareness of health and hygiene, a shift toward sustainable building materials, improvements in paint formulation technologies, and rising disposable incomes in urban areas. Key trends expected to influence the market include broader adoption of water-based paints, increasing demand for low VOC and environmentally friendly coatings, preferences for easy-to-apply and quick-drying varieties, expansion in decorative and premium interior paints, as well as a greater emphasis on antimicrobial and functional coatings.

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Leading Players Steering the Emulsion Paint Industry
The emulsion paint sector is dominated by several prominent companies such as BASF SE, The Sherwin-Williams Company, PPG Industries Inc., Sika AG, Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd., RPM International Inc., Axalta Coating Systems Ltd., Asian Paints Limited, and Valspar Corporation. Other key participants include Kansai Paint Co. Ltd., Jotun Group, DAW SE, Tikkurila Oyj, Behr Process Corporation, Berger Paints India Limited, DuluxGroup Limited, Benjamin Moore & Co., Dunn-Edwards Corporation, TOA Group, The Diamond Vogel Paint Company, Pacific Paint Philippines Inc., Kelly-Moore Paint Company Inc., Crown Paints Limited, MRF Limited, Hempel A/S, and Paint Library Ltd.

Significant Acquisition Enhancing Market Presence in India
In a notable transaction in June 2025, JSW Paints Private Limited, an India-based decorative and industrial paints company, secured a 74.7% stake in Akzo Nobel India Ltd by investing $1.08 billion (?8,986 crore). This acquisition is aimed at strengthening JSW Paints' foothold within the Indian paint market, broadening its range of premium and ultra-premium products, and boosting its distribution and manufacturing capabilities nationwide. Akzo Nobel India Ltd, operating under the Dulux brand, is well-known for its luxury and high-quality decorative and industrial paint solutions, especially within urban markets.

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Emerging Trends Highlight Innovation in the Emulsion Paint Market
Major market players are focusing on launching innovative products that enhance interior aesthetics while delivering superior finishes. One such example is the introduction of premium emulsion paints, which offer luxury-level quality, durability, and appearance beyond standard offerings. In September 2024, Akzo Nobel India Limited unveiled Dulux Velvet Touch Eterna, its first Ube*r-luxury interior emulsion paint in India. This product is designed to overcome key challenges related to premium wall finishes by providing exceptional smoothness, excellent coverage, vibrant and long-lasting color, dust resistance, and odor-neutralizing features, all backed by a 10-year performance warranty.

Advanced Technologies Bolster Product Performance and Appeal
Dulux Velvet Touch Eterna incorporates cutting-edge PU-reinforced acrylic technology alongside TruColour+ antioxidants, ensuring remarkable durability and aesthetic appeal. Its formulation also facilitates easy application, making it ideal for luxury interior décor and long-term wall maintenance. This launch reflects a broader industry trend of integrating advanced technologies to meet customer demands for high-performance and visually appealing coatings.

Detailed Segmentation of the Global Emulsion Paint Market
This report categorizes the emulsion paint market based on several parameters:
1) By Type: Interior Emulsion Paint, Water-Soluble Paint, Antifouling Emulsion Paint, Antimicrobial Emulsion Paint, and Other Types
2) By Technology: Waterborne and Solvent Borne
3) By Distribution Channel: Offline and Online
4) By Application: Household, Commercial Space, Administrative Space, and Entertainment Space

Further detailed subsegments include:
- Interior Emulsion Paint: Matte Finish, Satin or Gloss Finish, and Eggshell Finish
- Water-Soluble Paint: Acrylic Water-Soluble Paint, Latex-Based Water-Soluble Paint, and Other Varieties
- Antifouling Emulsion Paint: Marine Antifouling, Antimicrobial Antifouling, and Eco-Friendly Options
- Antimicrobial Emulsion Paint: Silver Ion-Based, Copper-Based Compounds, and Other Formulations
- Other Types: Heat-Resistant, Fire-Retardant, and Eco-Friendly or Low VOC Emulsion Paints

This comprehensive segmentation provides a clear view of the market's diverse product offerings and application areas, supporting strategic decisions for stakeholders.

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This release was published on openPR.