Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "Paints & Coatings Global Industry Guide 2020-2029" has been added to ResearchAndMarkets.com's offering.
The global paints and coatings industry is poised for significant growth, with a comprehensive profile highlighting market size, key players, and forecasted trends through 2029. The industry encompasses liquid and powder-based paints, varnishes, and related products used for various applications, excluding inks, thinners, and raw materials like pigments and solvents.
Market Segmentation and Dynamics
The paints and coatings market can be broadly divided into three segments: architectural & decorative, industrial, and special-purpose coatings. Architectural & decorative products cater to home and building use, including interior and exterior paints, primers, and varnishes. Industrial paints and coatings are primarily factory-applied during the manufacturing process. The special-purpose category includes aerosol paints, marine paints, and automotive refinish paints.
Market Analysis
In 2024, the market generated revenues of $197.50 billion, reflecting a compound annual growth rate (CAGR) of 4.1% from 2019 to 2024. Market consumption volume also rose with a CAGR of 4.1% over the same period, culminating in 54.48 billion liters in 2024. The Asia-Pacific region held the largest market share, contributing 42.2% of the global revenue in 2024.
Strategic Insights
For businesses seeking to engage in the paints and coatings market, an understanding of its major segments and competitive forces is crucial. The Five Forces analysis offers insights into market attractiveness and competitive intensity. Profiles of leading players reveal critical details on their global operations and financial performances, enabling stakeholders to make informed strategic decisions.
Future Growth Prospects
The global paints and coatings market is expected to continue its upward trajectory, with forecasts available for both value and volume over the next five years. These projections are crucial for constructing robust pitches and presentations, providing a data-backed understanding of market dynamics.
Investment Rationale and Competitive Landscape
The competitive landscape is shaped by several factors that affect market strength, including regional performance, technological advancements, and varying economic conditions. The use of annual average exchange rates in market data reflects economic trends, particularly in countries like Argentina, Turkey, and Russia, where currency fluctuations are pronounced.
In summary, the paints and coatings industry stands as a vital component of modern construction and manufacturing sectors, showcasing stable growth trends and substantial investment potential. Understanding its intricacies will empower industry entrants and established players alike to capture market opportunities effectively.
Key Topics Covered:
- Global Paints & Coatings
- Macroeconomic Indicators
- Paints & Coatings in Asia-Pacific
- Paints & Coatings in Europe
- Paints & Coatings in Japan
- Paints & Coatings in The United Kingdom
- Paints & Coatings in The United States
- Paints & Coatings in France
- Paints & Coatings in Germany
Company Profiles
- Sherwin-Williams Co
- Akzo Nobel NV
- PPG Industries Inc
- Nippon Paint Holdings Co Ltd
- Chugoku Marine Paints Ltd
- Kansai Paint Co Ltd
- BASF SE
- RPM International Inc
For more information about this report visit https://www.researchandmarkets.com/r/gcwqn3
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
