Global Exterior Paint Market Size, Share, Trends by 2034

Exterior Paint Market Industry Prospective:

The global exterior paint market size was worth around USD 35.51 billion in 2024 and is predicted to grow to around USD 78.31 billion by 2034 with a compound annual growth rate (CAGR) of roughly 8.24 % between 2025 and 2034.

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Key Insights:

• As per the analysis shared by our research analyst, the global exterior paint market is estimated to grow annually at a CAGR of around 8.24 % over the forecast period (2025-2034)
• In terms of revenue, the global exterior paint market size was valued at around USD 35.51 billion in 2024 and is projected to reach USD 78.31 billion by 2034.
• The market is projected to grow at a significant rate due to the rising housing demand worldwide.
• Based on the resin type, the acrylic segment is growing at a high rate and will continue to dominate the global market, as per industry projections.
• Based on the application, the residential segment is anticipated to command the largest market share.
• Based on region, the Asia-Pacific is projected to dominate the global market during the forecast period.

Exterior Paint Market: Overview

Exterior paint is a protective and decorative coating material applied to the outside walls of a building. Exterior paints are applied in commercial, industrial, and residential settings. One of the major aspects of exterior paint that distinguishes it from interior paint is its ability to withstand harsh environmental conditions. Exterior paints are of different types, including water-based, silicone, acrylic-based, and grained paints. In addition to this, exterior paints can also be used, in some cases, on internal walls. During the forecast period, demand for exterior paints is expected to continue growing due to the rising construction of residential buildings worldwide.

In addition to this, energy-efficient exterior paint solutions are projected to deliver higher growth revenue as per industry projects. In addition to this, emerging markets such as India, China, and African nations are expected to deliver higher growth revenue due to rapid urbanization, increasing demand for housing facilities, and a surge in the number of commercial centers. The industry is, however, expected to be affected by the environmental concerns existing in the market. Furthermore, supply chain disruptions may impact market expansion in the long run.

Exterior Paint Market Dynamics

Growth Drivers

What will be the influence of growing housing needs on exterior paint market growth?

The global exterior paint market is expected to deliver a positive response to the rising housing demand worldwide. As the world population continues to rise along with rapid urbanization, demand for exterior paint is likely to witness new heights. Exterior paints are critical protective and decorative elements of standalone homes or residential buildings. These paints not only improve the overall appeal of a housing facility but also impart protection against harmful external elements, including environmental factors.

As per industry analysis, good quality exterior paint and frequent maintenance can prolong a building’s life by more than a decade. The surge in the number of people dwelling in urban areas, along with the growing construction of residential homes in remote parts of the world, will fuel demand for exterior paint in the coming years.

Rising spending on renovation worldwide to promote demand for exterior paint solutions

The industry for exterior paints is likely to show a positive response to rising renovation undertakings by the general population. The growing influence of social media culture and the expanding do-it-yourself (DIY) trend has created significant revenue for exterior paint providers in the last few years. The common population has access to all forms of paint-related information. The ready availability of painting tools and accessories, including paints and brushes, has further created demand for exterior paint solutions in the last few years.

Restraints

What will supply chain disruptions of raw materials limit the exterior paint market expansion?

The global exterior paint market is expected to be restricted due to frequent supply chain disruptions reported in the industry. The industry suffers from extensive seasonal demand. In addition to this, the fluctuating prices of raw materials as well as changing geopolitical partnerships are expected to influence overall revenue reported in the industry. For instance, the recent trade tariff laid out by the US against products from other markets has influenced the global economy, leading to severe disruptions in the easy availability of essential raw materials and final goods in the paint sector.

Opportunities

The growing construction of commercial centers worldwide offers growth opportunities

The global exterior paint market is expected to generate growth opportunities due to the rising construction of commercial centers across the globe. The surge in the number of corporate buildings, along with sports & entertainment complexes and government buildings, will create novel expansion opportunities for the industry players. For instance, in October 2025, Dubai Mall, one of the world’s largest retail and lifestyle landmarks, announced the expansion of the facility with the addition of a new 10,000 sq m venue designed specially to host world-class events.

Why will demand for environmentally-friendly solutions fuel exterior paint market growth trends?

In recent times, demand for eco-friendly exterior paint solutions has increased worldwide. These products are designed to have minimal impact on the environment during the production and application phase. In January 2025, Cloverdale Paint announced a partnership with Celanese Corporation. The latter is a global specialty materials and chemical company. The collaboration will promote Cloverdale Paint to use carbon capture and utilization (CCU) technology by Celanese Corporation to develop its sustainable paint solutions in the coming years. Furthermore, government regulator frameworks concerning environmental damage caused by the paint industry will further create demand for energy-efficient, durable, and sustainable exterior paints in the market.

Challenges

Rising concerns about health risks and ecosystem damage caused by the paints sector are expected to challenge market growth

The global exterior paint industry is projected to be challenged by the rising health concerns related to the paint industry. For instance, long-term exposure to toxic paints can be hazardous to health. Prolonged exposure can also lead to throat and lung irritation, eye watering, headache, and breathing problems. In addition to this, the paint sector is one of the leading contributors to environmental damage. Highly volatile organic compounds (VOCs), solvent-based paints, and solutions with heavy metals are among the most significant environmentally damaging paint solutions available in the market.

Exterior Paint Market: Report Scope

Exterior Paint Market: Segmentation

The global exterior paint market is segmented based on resin type, application, product type, and region.

Based on resin type, the global market divisions are acrylic, epoxy, silicone, and polyurethane. In 2024, the highest growth was listed in the acrylic segment. The improved advantages of paints made using acrylic are the key segmental growth drivers. Some of the prominent benefits of acrylic exterior paint include higher protection against ultraviolet (UV) rays, weather resistance, durability, superior aesthetics, and low cost. During the forecast period, the acrylic segment will continue to dominate the industry as per market projections.

Based on application, the global market segments are commercial, industrial, and residential. In 2024, the highest revenue was listed in the residential segment. The demand rate is driven by the growing construction of new residential homes. The commercial sector is likely to witness a higher CAGR as compared to previous years, influenced by favorable laws promoting the use of eco-friendly paint solutions across commercial buildings.

Exterior Paint Market: Regional Analysis

Which factors will help Asia Pacific sustain its dominance in the exterior paint market?

The global exterior paint market is expected to be led by Asia-Pacific during the projection period. China and India will continue to remain the highest revenue generators in the Asia-Pacific. The regional dominance is a result of the global dominance of China in terms of paint production and distribution. As per the latest reports, China has increased its paint export to Southeast Asian countries and Europe as the US tariff rate continues to affect the country’s paint supply to the US. Furthermore, the Asia-Pacific has also reported higher domestic demand for exterior paint in the last few years.

Europe is a growing market with the UK, Germany, France, Spain, and others contributing significantly to the regional revenue. Europe is witnessing a higher demand for paints that are more sustainable and ecologically less damaging. Additionally, ongoing measures undertaken by the regional government to promote energy efficiency in commercial and residential buildings may promote the use of exterior paints in the coming years. Moreover, the growing number of renovation projects and DIY trends across Europe may further help the region thrive in the coming years.

Exterior Paint Market: Competitive Analysis

The global exterior paint market is led by players like;

• Asian Paints
• Sherwin-Williams
• AkzoNobel
• Valspar
• Kansai Paint
• Kelly-Moore Paints
• PPG Industries
• Nippon Paint
• Behr
• Berger Paints
• Benjamin Moore
• Rust-Oleum
• Jotun
• Tikkurila
• Dulux

Exterior Paint Market: Key Market Trends

Integration of next-generation technology during paint production

The industry for exterior paints is witnessing a growing trend of integration of advanced paint production technologies to develop more effective paint solutions. Some of these technologies include green chemistry formulations, nanomaterials, cutting-edge dispersion solutions, and 3D printing.

Paint customization

The industry has registered increased demand for customized paint solutions. Customer expectations continue to evolve as new architectural trends get introduced in the market. This has created a wide opportunity for market players to experiment with customized and personalized paint options.

The global exterior paint market is segmented as follows:

By Resin Type

• Acrylic
• Epoxy
• Silicone
• Polyurethane

By Application

• Commercial
• Industrial
• Residential

By Product Type

• Water-based
• Oil-based

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa