Asia Pacific Industrial Coatings Market Size & Outlook
Asia Pacific industrial coatings market, 2018-2030 (US$M)
Related Markets
Asia Pacific industrial coatings market highlights
- The Asia Pacific industrial coatings market generated a revenue of USD 39,185.7 million in 2024.
- The market is expected to grow at a CAGR of 4% from 2025 to 2030.
- In terms of segment, acrylic was the largest revenue generating product in 2024.
- Acrylic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 39,185.7 million |
| Market revenue in 2030 | USD 49,478.4 million |
| Growth rate | 4% (CAGR from 2025 to 2030) |
| Largest segment | Acrylic |
| Fastest growing segment | Acrylic |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylic, Alkyd, Polyurethane, Epoxy, Polyesters, Other |
| Key market players worldwide | Akzo Nobel NV, Axalta Coating Systems Ltd, PPG Industries Inc, Sherwin-Williams Co, Nippon Paint Holdings Co Ltd, NKT A/S |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 41.9% of the global industrial coatings market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 35,046.1 million by 2030.
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Industrial Coatings Market Scope
Industrial Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific industrial coatings market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial coatings market will help companies and investors design strategic landscapes.
Acrylic was the largest segment with a revenue share of 37.45% in 2024. Horizon Databook has segmented the Asia Pacific industrial coatings market based on acrylic, alkyd, polyurethane, epoxy, polyesters, other covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing industrialization and growing product demand from automotive & vehicle refinish sector in countries such as India, Japan, and South Korea are expected to drive the market over the forecast period.
Factors such as the easy availability of raw materials and less stringent laws regarding VOC emissions in Asia Pacific compared to North America and Europe are expected to create large scale opportunities for the use of industrial coatings.
Thus, the growing number of manufacturing facilities is boosting construction activities in the region, which, in turn, is anticipated to propel the demand for industrial coatings over the forecast period.
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Target buyers of Asia Pacific industrial coatings market databook
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Our clientele includes a mix of industrial coatings market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific industrial coatings market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific industrial coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific industrial coatings market size, by country, 2018-2030 (US$M)
Asia Pacific Industrial Coatings Market Outlook Share, 2024 & 2030 (US$M)
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