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Paints and Coatings Market - Global Industry Analysis

Paints and Coatings Market - by Technology (Solvent Base, Waterborne, Powder Coating, and Anti-fouling), by Resin (Alkyd, Epoxy, Polyurethane, Acrylic, Ceramic, and Intumescent), by Application (Architectural and Industrial), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023

Published Date: 23-Apr-2018 Category: Chemical & Materials Report Format : PDF Pages: 130 Report Code: ZMR-2800 Status : Published

Paints and Coatings Market - by Technology (Solvent Base, Waterborne, Powder Coating, and Anti-fouling), by Resin (Alkyd, Epoxy, Polyurethane, Acrylic, Ceramic, and Intumescent), by Application (Architectural and Industrial), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Perspective, Comprehensive Analysis and Forecast 2023

Description

The global Paints and Coatings market, which was estimated at 155 (USD Billion) in 2017 and is predicted to accrue earnings worth 214 (USD Billion) by 2023, is set to record a CAGR of nearly 4.1% over 2018-2023. The report offers valuation and analysis of Paints and Coatings market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2015 to 2017 along with a forecast from 2018 to 2023 based on value (USD Billion).

Introduction

Paints & coatings are decorative finishes that helps in improving the aesthetic appeal of the metal component surface, equipment, and walls. It helps in imparting abrasion resistance & corrosion resistance to the surface of the product along with increasing its longitivity. The major raw materials utilized in the manufacture of paints & coatings include pigments, curing agents, solvents, dispersants, resins, and additives. These products are massively utilized in construction, wood, automotive, aviation, and transport sectors, thereby driving market trends.

Global Paints and Coatings Market

Market Growth Dynamics  

Massive use of paints & coatings for decorating industrial equipment, vehicles, and residential & commercial structures will boost the business trends. Apart from this, humungous product penetration across shipping & marine industries as well as industrial wood sector will further prompt the market expansion over the ensuing years. Furthermore, rise in the digitization of the chemical sector will create lucrative growth avenues for the paints & coating industry over the assessment timespan along with creating value for the customers.

Moreover, anti-friction, hardness, reflection-absorption, protection against rising temperatures, and rust resisting features of the product have contributed remarkably towards the market size in the recent years. Apart from this, two dynamics have been shaping the paints & coatings industry growth since last few years. First, giant manufacturers have made transition from their coatings business to other diversified business. Citing an instance, DuPont sold its industrial coatings business to Carlyle investment management firm for nearly USD 5 billion in 2013. Reportedly, Carlyle firm established Axalta Coatings in November 2014 and the latter turned into profit making business for Carlyle in the domain of refinish & industrial coatings sector.  Secondly, reputed firms have been acquiring small business rivals for consolidating their market position since past few years. All these aforementioned factors are likely to favorably impact the growth of paints & coatings industry over the ensuing years.

Apparently, data input on raw materials and lab experiments for testing innovative products is likely to streamline various paints & coatings outsourced processes. This, in turn, will result in reducing expenditure on repetitive tasks and saving throughput time for the firms in the paints & coatings business along with minimizing the non-value added work. In addition to this, virtual experimentation as well as simulation methods will help the firms in introducing new products, thereby further adding to the market revenue.

Asia Pacific Market Size To Witness Immense Expansion Over 2017-2023

The growth of the regional market over the estimated timespan is credited to thriving automotive & construction sectors. Apart from this, elevation in the product demand across the architectural sector will prompt the regional market size over the years ahead. In addition to this, infrastructural development and smart city projects as well as surge in the residential constructions in the countries like India and China will contribute remarkably towards the growth of the business in the Asia Pacific zone over the forthcoming years.

Key players profiled in the report include Jotun A/S, Kansai Paints, Nippon Paint Holdings Company Limited, Hempel A/S, RPM International, and Asian Paints.

Global paints and coatings market is segmented as follows:

By Technology

  • Solvent base
  • Waterborne
  • Powder coating
  • Anti-fouling

By Resin

  • Alkyd
  • Epoxy
  • Polyurethane
  • Acrylic
  • Ceramic

By Application

  • Architectural
  • Industrial
  • Special purpose

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

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Paints and Coatings Market, 2015 - 2023, (Kilo Tons) (USD Billion)
    • 2.2. Paints and Coatings Market: Market Snapshot 
  •  
  • Chapter 3.  Paints and Coatings Market – Industry Analysis
    • 3.1. Paints and Coatings Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Escalating construction industry
      • 3.2.2. Proliferating demand for luxury vehicles
    • 3.3. Restraints
      • 3.3.1. Toxic nature of paints and coatings
    • 3.4. Opportunity
      • 3.4.1. Increasing usage of beverage cans
    • 3.5. Porter’s Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market Attractiveness Analysis by Technology Segment
      • 3.6.2. Market Attractiveness Analysis by Resin Segment
      • 3.6.3. Market Attractiveness Analysis by Application Segment
      • 3.6.4. Market Attractiveness Analysis by Regional Segment
  •  
  • Chapter 4. Paints and Coatings Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2017 (Subject to Data Availability)
    • 4.2. Strategic Developments
    • 4.3. Acquisitions & Mergers
    • 4.4. New Product Launch
    • 4.5. Agreements, Partnerships, Collaborations and Joint Ventures
    • 4.6. Research and Development, Product and Regional Expansion
  •  
  • Chapter 5. Global Paints and Coatings Market – Technology Segment Analysis
    • 5.1. Global Paints and Coatings Market Overview: by Technology
      • 5.1.1. Paints and Coatings Market Volume Share, by Technology, 2017 and 2023
    • 5.2. Global Paints and Coatings Market by Solvent Base, 2015-2023 (Kilo Tons) (USD Billion)
    • 5.3. Global Paints and Coatings Market by Waterborne, 2015-2023 (Kilo Tons) (USD Billion)
    • 5.4. Global Paints and Coatings Market by Powder Coating, 2015-2023 (Kilo Tons) (USD Billion)
    • 5.5. Global Paints and Coatings Market by Anti-fouling, 2015-2023 (Kilo Tons) (USD Billion)
  •  
  • Chapter 6. Global Paints and Coatings Market – Resin Segment Analysis
    • 6.1. Global Paints and Coatings Market Overview: by Resin
      • 6.1.1. Paints and Coatings Market Volume Share, by Resin, 2017 and 2023
    • 6.2. Global Paints and Coatings Market by Alkyd, 2015-2023 (Kilo Tons) (USD Billion)
    • 6.3. Global Paints and Coatings Market by Epoxy, 2015-2023 (Kilo Tons) (USD Billion)
    • 6.4. Global Paints and Coatings Market by Polyurethane, 2015-2023 (Kilo Tons) (USD Billion)
    • 6.5. Global Paints and Coatings Market by Acrylic, 2015-2023 (Kilo Tons) (USD Billion)
    • 6.6. Global Paints and Coatings Market by Ceramic, 2015-2023 (Kilo Tons) (USD Billion)
    • 6.7. Global Paints and Coatings Market by Intumescent, 2015-2023 (Kilo Tons) (USD Billion)
  •  
  • Chapter 7. Global Paints and Coatings Market – Application Segment Analysis
    • 7.1. Global Paints and Coatings Market Overview: by Application
      • 7.1.1. Paints and Coatings Market Volume Share, by Application, 2017 and 2023
    • 7.2. Global Paints and Coatings Market for Architectural, 2015-2023 (Kilo Tons) (USD Billion)
    • 7.3. Global Paints and Coatings Market for Industrial, 2015-2023 (Kilo Tons) (USD Billion)
    • 7.4. Global Paints and Coatings Market for Special Purpose, 2015-2023 (Kilo Tons) (USD Billion)
  •  
  • Chapter 8. Global Paints and Coatings Market - Regional Analysis
    • 8.1. Global Paints and Coatings Market Overview: by Region 
      • 8.1.1. Global Paints and Coatings Market Volume Share, by Region, 2017 and 2023
    • 8.2. North America
      • 8.2.1. North America Paints and Coatings Market, 2015 – 2023 (Kilo Tons) (USD Billion)
      • 8.2.2. North America Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)
      • 8.2.3. North America Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
      • 8.2.4. North America Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)
      • 8.2.5. North America Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
      • 8.2.6. North America Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)
      • 8.2.7. North America Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
      • 8.2.8. U.S.
        • 8.2.8.1. U.S. Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)
        • 8.2.8.2. U.S. Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
        • 8.2.8.3. U.S. Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)
        • 8.2.8.4. U.S. Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
        • 8.2.8.5. U.S. Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)
        • 8.2.8.6. U.S. Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
      • 8.2.9. Rest of North America
        • 8.2.9.1. Rest of North America Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)
        • 8.2.9.2. Rest of North America Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
        • 8.2.9.3. Rest of North America Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)
        • 8.2.9.4. Rest of North America Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
        • 8.2.9.5. Rest of North America Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)
        • 8.2.9.6. Rest of North America Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
    • 8.3. Europe
      • 8.3.1. Europe Paints and Coatings Market, 2015 – 2023 (Kilo Tons) (USD Billion)
      • 8.3.2. Europe Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)
      • 8.3.3. Europe Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
      • 8.3.4. Europe Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)
      • 8.3.5. Europe Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
      • 8.3.6. Europe Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)
      • 8.3.7. Europe Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
      • 8.3.8. UK
        • 8.3.8.1. UK Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)
        • 8.3.8.2. UK Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
        • 8.3.8.3. UK Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)
        • 8.3.8.4. UK Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
        • 8.3.8.5. UK Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)
        • 8.3.8.6. UK Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
      • 8.3.9. France
        • 8.3.9.1. France Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)
        • 8.3.9.2. France Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
        • 8.3.9.3. France Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)
        • 8.3.9.4. France Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
        • 8.3.9.5. France Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)
        • 8.3.9.6. France Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
      • 8.3.10. Germany
        • 8.3.10.1. Germany Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)
        • 8.3.10.2. Germany Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
        • 8.3.10.3. Germany Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)
        • 8.3.10.4. Germany Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
        • 8.3.10.5. Germany Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)
        • 8.3.10.6. Germany Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
      • 8.3.11. Rest of Europe
        • 8.3.11.1. Rest of Europe Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)
        • 8.3.11.2. Rest of Europe Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
        • 8.3.11.3. Rest of Europe Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)
        • 8.3.11.4. Rest of Europe Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
        • 8.3.11.5. Rest of Europe Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)
        • 8.3.11.6. Rest of Europe Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Paints and Coatings Market, 2015 – 2023 (Kilo Tons) (USD Billion)
      • 8.4.2. Asia Pacific Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)
      • 8.4.3. Asia Pacific Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
      • 8.4.4. Asia Pacific Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)
      • 8.4.5. Asia Pacific Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
      • 8.4.6. Asia Pacific Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)
      • 8.4.7. Asia Pacific Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
      • 8.4.8. China
        • 8.4.8.1. China Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)
        • 8.4.8.2. China Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
        • 8.4.8.3. China Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)
        • 8.4.8.4. China Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
        • 8.4.8.5. China Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)
        • 8.4.8.6. China Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
      • 8.4.9. Japan  
        • 8.4.9.1. Japan Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)
        • 8.4.9.2. Japan Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
        • 8.4.9.3. Japan Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)
        • 8.4.9.4. Japan Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
        • 8.4.9.5. Japan Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)
        • 8.4.9.6. Japan Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
      • 8.4.10. India  
        • 8.4.10.1. India Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)
        • 8.4.10.2. India Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
        • 8.4.10.3. India Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)
        • 8.4.10.4. India Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
        • 8.4.10.5. India Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)
        • 8.4.10.6. India Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
      • 8.4.11. Rest of Asia Pacific  
        • 8.4.11.1. Rest of Asia Pacific Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)
        • 8.4.11.2. Rest of Asia Pacific Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
        • 8.4.11.3. Rest of Asia Pacific Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)
        • 8.4.11.4. Rest of Asia Pacific Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
        • 8.4.11.5. Rest of Asia Pacific Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)
        • 8.4.11.6. Rest of Asia Pacific Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin America Paints and Coatings Market, 2015 – 2023 (Kilo Tons) (USD Billion)
      • 8.5.2. Latin America Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)
      • 8.5.3. Latin America Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
      • 8.5.4. Latin America Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)
      • 8.5.5. Latin America Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
      • 8.5.6. Latin America Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)
      • 8.5.7. Latin America Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
      • 8.5.8. Brazil
        • 8.5.8.1. Brazil Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)
        • 8.5.8.2. Brazil Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
        • 8.5.8.3. Brazil Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)
        • 8.5.8.4. Brazil Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
        • 8.5.8.5. Brazil Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)
        • 8.5.8.6. Brazil Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
      • 8.5.9. Rest of Latin America
        • 8.5.9.1. Rest of Latin America Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)
        • 8.5.9.2. Rest of Latin America Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
        • 8.5.9.3. Rest of Latin America Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)
        • 8.5.9.4. Rest of Latin America Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
        • 8.5.9.5. Rest of Latin America Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)
        • 8.5.9.6. Rest of Latin America Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
    • 8.6. Middle East & Africa
      • 8.6.1. Middle East & Africa Paints and Coatings Market, 2015 – 2023 (Kilo Tons) (USD Billion)
      • 8.6.2. Middle East & Africa Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)
      • 8.6.3. Middle East & Africa Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
      • 8.6.4. Middle East & Africa Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)
      • 8.6.5. Middle East & Africa Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
      • 8.6.6. Middle East & Africa Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)
      • 8.6.7. Middle East & Africa Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
  •  
  • Chapter 9. Company Profiles
    • 9.1. Nippon Paint Holdings Co., Ltd
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product Portfolio
      • 9.1.4. Business Strategy
      • 9.1.5. Recent Developments
    • 9.2. Hempel A/S
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product Portfolio
      • 9.2.4. Business Strategy
      • 9.2.5. Recent Developments
    • 9.3. RPM International
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product Portfolio
      • 9.3.4. Business Strategy
      • 9.3.5. Recent Developments
    • 9.4. Jotun A/S
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product Portfolio
      • 9.4.4. Business Strategy
      • 9.4.5. Recent Developments
    • 9.5. Kansai Paints
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product Portfolio
      • 9.5.4. Business Strategy
      • 9.5.5. Recent Development
    • 9.6. Asian Paints
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product Portfolio
      • 9.6.4. Business Strategy
      • 9.6.5. Recent Developments
    • 9.7. The Sherwin Williams Company
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product Portfolio
      • 9.7.4. Business Strategy
      • 9.7.5. Recent Developments
    • 9.8. BASF Coatings GmbH
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product Portfolio
      • 9.8.4. Business Strategy
      • 9.8.5. Recent Developments
    • 9.9. Axalta Coatings Systems
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product Portfolio
      • 9.9.4. Business Strategy
      • 9.9.5. Recent Developments
    • 9.10. PPG Industries
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product Portfolio
      • 9.10.4. Business Strategy
      • 9.10.5. Recent Developments
    • 9.11. AkzoNobel N.V
      • 9.11.1. Overview
      • 9.11.2. Financials
      • 9.11.3. Product Portfolio
      • 9.11.4. Business Strategy
      • 9.11.5. Recent Developments

List of Figures

1. Market Research Process
2. Market Research Methodology
3. Global Paints and Coatings Market, 2015 - 2023 (Kilo Tons) (USD Billion)
4. Porter’s Five Forces Analysis: Paints and Coatings Market
5. Global Paints and Coatings Market Attractiveness, by Technology
6. Global Paints and Coatings Market Attractiveness, by Resin
7. Global Paints and Coatings Market Attractiveness, by Application
8. Global Paints and Coatings Market Attractiveness, by Region
9. Global Paints and Coatings Market Overview: by Technology
10. Paints and Coatings Market Volume Share, by Technology, 2017 and 2023
11. Global Paints and Coatings Market by Solvent Base, 2015-2023 (Kilo Tons) (USD Billion)
12. Global Paints and Coatings Market by Waterborne, 2015-2023 (Kilo Tons) (USD Billion)
13. Global Paints and Coatings Market by Powder Coating, 2015-2023 (Kilo Tons) (USD Billion)
14. Global Paints and Coatings Market by Anti-fouling, 2015-2023 (Kilo Tons) (USD Billion)
15. Paints and Coatings Market Volume Share, by Resin, 2017 and 2023
16. Global Paints and Coatings Market by Alkyd, 2015-2023 (Kilo Tons) (USD Billion)
17. Global Paints and Coatings Market by Epoxy, 2015-2023 (Kilo Tons) (USD Billion)
18. Global Paints and Coatings Market by Polyurethane, 2015-2023 (Kilo Tons) (USD Billion)
19. Global Paints and Coatings Market by Acrylic, 2015-2023 (Kilo Tons) (USD Billion)
20. Global Paints and Coatings Market by Ceramic, 2015-2023 (Kilo Tons) (USD Billion)
21. Global Paints and Coatings Market by Intumescent, 2015-2023 (Kilo Tons) (USD Billion)
22. Paints and Coatings Market Volume Share, by Application, 2017 and 2023
23. Global Paints and Coatings Market for Architectural, 2015-2023 (Kilo Tons) (USD Billion)
24. Global Paints and Coatings Market for Industrial, 2015-2023 (Kilo Tons) (USD Billion)
25. Global Paints and Coatings Market for Special Purpose, 2015-2023 (Kilo Tons) (USD Billion)
26. Global Paints and Coatings Market Volume Share, by Region, 2017 & 2023
27.  North America Paints and Coatings Market, 2015 - 2023 (Kilo Tons) (USD Billion)
28.  Europe Paints and Coatings Market, 2015 - 2023 (Kilo Tons) (USD Billion)
29.  Asia Pacific Paints and Coatings Market, 2015 – 2023 (Kilo Tons) (USD Billion)
30.  Latin America Paints and Coatings Market, 2015-2023 (Kilo Tons) (USD Billion)
31.  The Middle East & Africa Paints and Coatings Market, 2015 – 2023 (Kilo Tons) (USD Billion)


List of Tables

1. Global Paints and Coatings Market: Snapshot
2. Drivers for Paints and Coatings Market: Impact Analysis
3. Restraints for Paints and Coatings Market: Impact Analysis
4. North America Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)  
5. North America Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
6. North America Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)  
7. North America Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
8. North America Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)  
9. North America Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
10. U.S. Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)  
11. U.S. Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
12. U.S. Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)  
13. U.S. Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
14. U.S. Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)  
15. U.S. Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
16. Rest of North America Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)  
17. Rest of North America Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
18. Rest of North America Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)  
19. Rest of North America Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
20. Rest of North America Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)  
21. Rest of North America Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
22. Europe Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)  
23. Europe Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
24. Europe Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)  
25. Europe Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
26. Europe Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)  
27. Europe Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
28. UK Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)  
29. UK Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
30. UK Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)  
31. UK Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
32. UK Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)  
33. UK Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
34. France Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)  
35. France Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
36. France Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)  
37. France Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
38. France Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)  
39. France Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
40. Germany Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)  
41. Germany Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
42. Germany Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)  
43. Germany Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
44. Germany Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)  
45. Germany Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
46. Rest of Europe Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)  
47. Rest of Europe Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
48. Rest of Europe Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)  
49. Rest of Europe Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
50. Rest of Europe Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)  
51. Rest of Europe Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
52. Asia Pacific Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)  
53. Asia Pacific Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
54. Asia Pacific Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)  
55. Asia Pacific Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
56. Asia Pacific Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)  
57. Asia Pacific Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
58. China Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)  
59. China Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
60. China Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)  
61. China Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
62. China Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)  
63. China Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
64. Japan Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)  
65. Japan Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
66. Japan Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)  
67. Japan Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
68. Japan Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)  
69. Japan Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
70. India Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)  
71. India Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
72. India Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)  
73. India Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
74. India Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)  
75. India Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
76. Rest of Asia Pacific Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)  
77. Rest of Asia Pacific Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
78. Rest of Asia Pacific Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)  
79. Rest of Asia Pacific Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
80. Rest of Asia Pacific Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)  
81. Rest of Asia Pacific Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
82. Latin America Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)  
83. Latin America Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
84. Latin America Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)  
85. Latin America Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
86. Latin America Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)  
87. Latin America Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
88. Brazil Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)  
89. Brazil Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
90. Brazil Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)  
91. Brazil Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
92. Brazil Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)  
93. Brazil Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
94. Rest of Latin America Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)  
95. Rest of Latin America Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
96. Rest of Latin America Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)  
97. Rest of Latin America Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
98. Rest of Latin America Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)  
99. Rest of Latin America Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)
100. Middle East & Africa Paints and Coatings Market Volume, by Technology, 2015 – 2023 (Kilo Tons)  
101. Middle East & Africa Paints and Coatings Market Revenue, by Technology, 2015 – 2023 (USD Billion)
102. Middle East & Africa Paints and Coatings Market Volume, by Resin, 2015 – 2023 (Kilo Tons)  
103. Middle East & Africa Paints and Coatings Market Revenue, by Resin, 2015 – 2023 (USD Billion)
104. Middle East & Africa Paints and Coatings Market Volume, by Application, 2015 – 2023 (Kilo Tons)  
105. The Middle East & Africa Paints and Coatings Market Revenue, by Application, 2015 – 2023 (USD Billion)

Methodology

Free Analysis

Paints and coatings are coloring pigments that are spread over surfaces and dries by leaving a thin protective or decorative coating. Industrial coatings are mostly used for maintenance and protective applications on piping in petroleum and chemical plants, offshore equipment and oil rigs, steel bridges and structures to provide resistance against wear and tear. These kinds of coatings are known as high performance or heavy-duty coatings. It requires thicker film than decorative and architectural coatings and is in the range of 3 to 4 mm. certain resin coatings such as epoxy, polyester, and polyurethane have typical applications such as high-performance coatings for bridges, oil-rig towers, and related equipment. Other applications include airport hangars, warehouses, heavy duty floor paints, and heat resistant coatings for flares and pipes.

Industrial coatings are consumed majorly in corrosion control of concrete or steel. It covers wide applications range pertaining to diverse functions and requirements in varied sectors. Rising epoxy usage as insulating and protective primers to build satellite systems, spacecraft, aircraft, ships and other vessels will stimulate coatings demand in industrial applications. Superior epoxy strength makes it suitable to protect hydroelectric power stations structures, coat wind turbine poles and to produce its blades. Other relevant applications are pipes used for waste disposal, drinking water, and in oil & gas sector. Fire retardant coatings are even applied on industrial and commercial installations.

Paints and coatings are used in construction industry for engineering adhesives and structural parts to enhance resiliency, strength, and durability. This ensures longer life and reduced need for refurbishment & repainting. Product application in flooring helps in maintenance of high hygienic standards, as it comprises of stronger cleaning agents. Further, usage of materials on marble enhances its aesthetic appearance. Epoxies mortar or liquid paste is extensively applied to coat floors of industrial buildings, prisons, schools, hospitals and shopping malls. Rising epoxies adoption in the food industry for cans and another special packaging to preserve food flavor will foster paints and coating market growth during the forecast period.

Global Paints and Coatings Market

Paints and coatings market is segmented on the basis of technology as a solvent base, waterborne, powder coating, and anti-fouling. Waterborne will have a considerable market share owing to its best protection against corrosion, EPA compliant and color retention property. The market is bifurcated as per resin of the product into alkyd, epoxy, polyurethane, acrylic, intumescent, and ceramic. The intumescent coating is expected to witness a substantial growth, as it forms an impervious layer and protects steel from fire to maintain the structural integrity. Various product applications include architectural, industrial and special purpose applications. The industrial application will gain traction in the coming years due to the coating of steel structures and piping in various sectors.

Developing countries in the Asia Pacific such as India and China will contribute majorly in the growth of the region. China has increased its defense budget by 8% to USD 177 billion in 2018, that has boosted a number of military aircraft and helicopters. India’s passenger aircraft fleet is expected to increase four times by 2031 to cater its increasing number of passengers. Europe packaged food industry is anticipated to increase at a growth rate of 1.9% till 2022. Usage of epoxies for packed food cans will drive the market growth in the region.

Prominent manufacturers in global paints and coatings market include Nippon Paint Holdings Co., Ltd, Hempel A/S, RPM International, Jotun A/S, Kansai Paints, Asian Paints, The Sherwin Williams Company, BASF Coatings GmbH, Axalta Coatings Systems, PPG Industries, and AkzoNobel N.V. Companies are adopting mergers & acquisitions strategies to expand their presence in the global market. For instance, Axalta had acquired Spencer Coatings in May 2017.

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FrequentlyAsked Questions

Massive use of paints & coatings for decorating industrial equipment, vehicles, and residential & commercial structures will boost the business trends. Apart from this, humungous product penetration across shipping & marine industries as well as industrial wood sector will further prompt the market expansion over the ensuing years. Furthermore, rise in the digitization of the chemical sector will create lucrative growth avenues for the paints & coating industry over the assessment timespan along with creating value for the customers. Moreover, anti-friction, hardness, reflection-absorption, protection against rising temperatures, and rust resisting features of the product have contributed remarkably towards the market size in the recent years.

According to Zion market research report, the global Paints and Coatings market, which was estimated at 155 (USD Billion) in 2017 and is predicted to accrue earnings worth 214 (USD Billion) by 2023, is set to record a CAGR of nearly 4.1% over 2018-2023.

Asia Pacific is likely to make noteworthy contributions towards overall market revenue. The regional market growth over 2017-2023 can be credited to thriving automotive & construction sectors. Apart from this, elevation in the product demand across the architectural sector will prompt the regional market size over the years ahead. In addition to this, infrastructural development and smart city projects as well as surge in the residential constructions in the countries like India and China will contribute remarkably towards the growth of the business in the Asia Pacific zone over the forthcoming years.

The key players profiled in the report include Jotun A/S, Kansai Paints, Nippon Paint Holdings Company Limited, Hempel A/S, RPM International, and Asian Paints. Firms are trying to find ways to manufacture eco-friendly products as a part of their corporate social responsibility and this will drive the market growth over 2017-2023.

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