Global Paints and Coatings Industry Report 2024: Aerospace and Marine Space Demand Heavy-duty Paints and Coatings

Dublin, June 13, 2024 (GLOBE NEWSWIRE) -- The "Paints and Coatings - Global Strategic Business Report" has been added to's offering.

The global market for Paints and Coatings is estimated at US$171.9 Billion in 2023 and is projected to reach US$244.1 Billion by 2030, growing at a CAGR of 4.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Acrylic Paints segment, which is expected to reach US$108.2 Billion by 2030 with a CAGR of 5.3%. The Polyester Paints segment is also set to grow at 3.8% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $32.5 Billion in 2023, and China, forecasted to grow at an impressive 5.9% CAGR to reach $78.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Key Market Trends & Drivers:

  • Thriving Building and Construction Activities Drive the Paints and Coatings Market
  • Asia-Pacific to Lead Demand for Paints and Coatings in Construction
  • Growing Demand for Paints & Coatings from Building Renovations & Remodeling Projects
  • Growing Demand for Automobiles Propels the Paints and Coatings Market
  • Aerospace and Marine Space Demand Heavy-duty Paints and Coatings
  • Number of New Aircraft Demanded (In Units) as a Result of New Air Route Expansion by 2041
  • Growth in Demand for Furniture to Sustain Demand for Paints & Coatings
  • Rapid Urbanization to Drive Demand Prospects for Paints & Coatings Market
  • Increasing Middle Class Population Worldwide Spurs Market Growth
  • Rising Demand for Acrylic Coatings Augurs Well for Market Growth
  • Acrylics Remain a Popular Choice in Road Surface Markings and Traffic Paints
  • Focus on Sustainable Development to Benefit Paints and Coatings Demand
  • Stringent Government Regulations Driving Demand for Environment-Friendly Coatings
  • Bio-Based Coatings Garner Attention
  • Growing Demand for Antimicrobial Coatings
  • Insulating Paints and Coatings Helping in Energy Saving
  • Rising Popularity of Paints and Coatings for Passive Cooling
  • New Tools Helping Companies Accelerate Innovation & Product Development
  • Major Product/Technological Innovations of the Recent Years
  • Select Innovative Paint Technologies
  • Upcoming Products/Technologies from Major Companies
  • Nanotechnology - A Game Changer for the Paints and Coatings Market
  • Evolving Use of Nanomaterials in Coatings Processing Augurs Well
  • Nanoclay Seeks Role in Coating Formulations

Key Questions Answered:

  • How is the Global Paints and Coatings Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Akzo Nobel NV, Asian Paints Limited, Axalta Coating Systems LLC, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 390 Featured):

  • Akzo Nobel
  • Asian Paints Limited
  • Axalta Coating Systems LLC
  • BASF
  • Berger Paints India Limited
  • Brillux GmbH & Co. KG
  • DAW SE
  • Dunn-Edwards Corporation
  • Hempel A/S
  • Jotun Group
  • JW Ostendorf
  • Nippon Paint Holdings Co., Ltd
  • NIPSEA Group
  • PPG Industries Inc.
  • RPM International Inc.
  • S K Kaken Co., Ltd
  • Shalimar Paints Limited
  • Sherwin-Williams Company
  • Teknos Group
  • Tiger Coatings

Key Attributes:

Report AttributeDetails
No. of Pages965
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$171.9 Billion
Forecasted Market Value (USD) by 2030$244.1 Billion
Compound Annual Growth Rate5.1%
Regions CoveredGlobal

Key Topics Covered:




  • A Prelude to Paints and Coatings
  • Classification of Paints
  • Classification of Coatings
  • Raw Materials Used in Paints & Coatings
  • Global Market Prospects and Outlook
  • Asia-Pacific Leads the Global Market
  • Architectural Paints and Coatings Dominate the Global Paints and Coatings Market
  • Water Based Paints & Coatings: Dominant Technology to Witness Healthy Growth
  • Acrylic Resin: Dominant Resin Type
  • Industrial End-use Dominates the Global Paints and Coatings Market
  • Need for Tending to the Varied Needs of End-Users Drives Innovation
  • Sustainability Driving Innovation
  • Advanced Technology to Continue to Transform the Coatings Landscape
  • Competitive Scenario
  • Paints and Coatings - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Recent Market Activity




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Paints and Coatings Market

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