Global Paint
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Paint market size was $160.03 Billion in 2022 and it is forecasted to reach $235.06 Billion by 2029. Paint Industry's Compound Annual Growth Rate will be 5% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Paint market size was $160.03 Billion in 2022 and it is forecasted to reach $235.06 Billion by 2029. Paint Industry's Compound Annual Growth Rate will be 5% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Paint Market Sales Revenue 2022 | $ 160.03 Billion |
Global Paint Market Sales Revenue 2029 | $ 235.06 Billion |
Global Paint Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
Market Split by Product Type |
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Market Split by Application |
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Market Split by Resin |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Paint industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Paint Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Paint is essentially a coating or covering material applied on metallic or non-metallic surfaces for decorative or protective purposes. Paint has some good qualities such as good hiding power, color, resistance, easy application, and economical in cost. Paints are prepared by intimately mixing various components in proper proportions. Paint typically consists of pigment, resin, solvent and additives.
The market for Paint is expanding primarily due to the growing vehicle production. According to the data, 79.1 million automobiles were produced worldwide in 2021, 1.3 percent more from the previous year. Every day, an estimated 152,971 passenger automobiles were produced throughout the world in 2020. Every hour, around 6,374 passenger automobiles are created throughout the world. China, out of all the countries, is at the top of the list, creating about 2,300 each hour of the day. That is over seven times the total number of passenger automobiles manufactured in the United Kingdom and the United States. This boosts the demand for paints.Nevertheless, challenges related to paints may impede market expansion. As paint ages, it begins to peel and crack, necessitating more frequent reapplication and touch-ups. Applying paint to walls may be untidy, and it's simple to get stains on your floors, ceilings, furniture, or appliances. Volatile organic compounds (VOCs), which are bad for the human body, can also be released by paint. These factors make it challenging for customers to utilise paint, which restrains the market's expansion.
The market will develop as a result of the expanding use of paints in architecture and construction. For many years, paint has been employed in the construction of buildings. Paintings are crucial to the building's completion. It has an impact on the building's outside and interior aesthetics. The interior paints are extensively used in single-family detached houses as well as in big structures like condos, offices, hospitals, and schools. As a result, the paint market will have a tremendous chance to expand.
The paint business is now seeing tremendous innovation that is altering the way people paint. Players are producing cutting-edge painting methods, which is increasing demand for paints. Some of the painting styles that have captured the attention of viewers throughout the globe are results of the long history of artistic paintings, while others are unmistakable witnesses to the globalised, digitalized, and isolated world that people now live in.
Similarly, eco friendly paints are also trending now a days. Paints' eco-friendliness has also been one of the most significant elements in the paints industry since they don't contain any solvents, which results in minimal VOC emissions and a lower danger of combustion during application and storage.
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AkzoNobel has acquired Kansai Paint’s paints and coatings business in Africa. After agreeing to purchase Kansai Paint's paints and coatings operations in the area, AkzoNobel will further expand its presence in Africa. The completion, which is contingent on regulatory permissions, is anticipated to occur in 2023. The Plascon brand, which has a history in South Africa dating back more than 100 years, is a part of the transaction. They are the oldest paint companies in the area, along with our own Dulux brand. Coatings for wood and coil, protective, and automotive surfaces are also included in the proposed transaction.
Top Companies Market Share in Paint Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Geographically, the market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries.
APAC region dominates the paint market due to the increasing usage of paints in numerous industries. The growing construction and automotive industry in counties like India, China, Japan, and others are boosting the demand for paints across the region. In addition, the market has enormous development potential due to the simple availability of raw materials and less strict regulations governing VOC emissions than those in North America and Europe.
The current report Scope analyzes Paint Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Paint Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Paint Industry growth. Paint market has been segmented with the help of its Product Type, Application Resin, and others. Paint market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based On Product Type, paint market is dominated by the waterborne segment owing to its usage convenience. Insufficiently ventilated areas can utilise water-based paints. Due to the quick evaporation of water content from the coating layer, water-based paints dry more quickly than solvent-based coatings. This fuels market expansion.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Paint Industry. Request a Free Sample PDF!
Paints are widely used in the architecture. Nearly all construction activities such as home, offices, mall, bridges, schools, and many others use paint for protection and decorative purpose. Similarly, the usage of paints in automotive industry is growing at rapid pace in the forecast period.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Paint market report 2024 Edition by contacting our team.
Paint market are segmented Based On Resin as Acrylic, Polyurethane, Polyester, Alkyds, Epoxy, and Others. The acrylic segment is estimated to hold a prominent share of the paint market. This is attributed to the numerous usages of acrylic paints. Acrylic paints are used in hobbies such as trains, cars, houses, DIY projects, and human models.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Paint Market is witnessing significant growth in the near future.
In 2023, the Water-Based Paint segment accounted for noticeable share of global Paint Market and is projected to experience significant growth in the near future.
The Architectural Paint segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies PPG, Henkel and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product Type | Water-Based Paint, Solvent-Based Paint, Powder Paint, High Solids/Radiation Curing, Others |
Application | Architectural Paint, Automotive OEM, Wood Paint, Marine Paint, General Industries, Protective Coatings, Automotive Refinish, Coil, Others |
Resin | Acrylic, Polyurethane, Alkyds, Epoxy, Others |
List of Competitors | PPG, AkzoNobel, Henkel, Sherwin-Williams, Valspar, RPM International, Axalta, BASF, Kansai Paint, Sika, 3M, Asian Paints, Nippon Paint, HB Fuller, Masco, Jotun, Hempel, KCC Corporation, DAW SE, Shawcor, Cromology, SK KAKEN, Carpoly, Taiho Paint, Yips Chemical, Badese, Shanghai Coatings, Shenzhen Zhanchen paints, SKSHU Paint, Maydos |
This chapter will help you gain GLOBAL Market Analysis of Paint . Further deep in this chapter, you will be able to review Global Paint Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Paint Market Trends North America Paint Technological Road Map North America Paint Market Drivers North America Paint Market Restraints North America Paint Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Resin Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Paint market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Water-Based Paint have a significant impact on Paint market? |
What are the key factors affecting the Water-Based Paint and Solvent-Based Paint of Paint Market? |
What is the CAGR/Growth Rate of Architectural Paint during the forecast period? |
By type, which segment accounted for largest share of the global Paint Market? |
Which region is expected to dominate the global Paint Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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