Global Paints And Coatings Market Size & Outlook
Global paints and coatings market, 2018-2030 (US$M)
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Global paints and coatings market highlights
- The global paints and coatings market generated a revenue of USD 211,277,053.6 million in 2024 and is expected to reach USD 280,194,060.7 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 5% by 2030.
- In terms of segment, waterborne coatings accounted for a revenue of USD 89,982,750.4 million in 2024.
- Powder coatings is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, Japan is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 211,277,053.6 million |
| Market revenue in 2030 | USD 280,194,060.7 million |
| Growth rate | 5% (CAGR from 2025 to 2030) |
| Largest segment | Waterborne coatings |
| Fastest growing segment | Powder coatings |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radiation cured coatings, Solvent-borne coatings, Waterborne coatings, Powder coatings |
Other key industry trends
- In terms of revenue, the North America accounted for 21.5% of the global paints and coatings market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Japan is the fastest growing regional market and is projected to reach USD 13,924,456.1 million by 2030.
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Paints and Coatings Market Scope
Paints and Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hempel | View profile | 5001-10000 | Lyngby, Hovedstaden, Denmark, Europe | http://www.hempel.com |
| Jotun | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | http://www.jotun.com |
| Basf SE ADR | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Axalta Coating Systems Ltd | View profile | 12000 | 50 Applied Bank Boulevard, Suite 300, Glen Mills, PA, United States, 19342 | https://www.axalta.com |
| RPM International Inc | View profile | 17274 | 2628 Pearl Road, P.O. Box 777, Medina, OH, United States, 44256 | https://www.rpminc.com |
| Sherwin-Williams Co | View profile | 64088 | 101 West Prospect Avenue, Cleveland, OH, United States, 44115-1075 | https://www.sherwin-williams.com |
| PPG Industries Inc | View profile | 53000 | One PPG Place, Pittsburgh, PA, United States, 15272 | https://www.ppg.com |
| Akzo Nobel NV | View profile | 35500 | Christian Neefestraat 2, Amsterdam, NH, Netherlands, 1077 WW | https://www.akzonobel.com |
| Henkel AG & Co KGaA | View profile | 48000 | Henkelstrasse 67, Duesseldorf, NW, Germany, 40589 | https://www.henkel.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
Global paints and 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 paints and coatings market will help companies and investors design strategic landscapes.
Waterborne coatings was the largest segment with a revenue share of 42.59% in 2024. Horizon Databook has segmented the Global paints and coatings market based on radiation cured coatings, solvent-borne coatings, waterborne coatings, powder coatings covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Paints and Coatings Product Outlook (Revenue, USD Million, 2018-2030)
- Radiation cured coatings
- Powder coatings
- Waterborne coatings
- Solvent-borne coatings
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Horizon Databook provides a detailed overview of global-level data and insights on the Global paints and coatings market , including forecasts for subscribers. This global databook contains high-level insights into Global paints and coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global paints and coatings market size, by regions, 2018-2030 (US$M)
Top 10 countries: Paints and coatings market size, 2024 (US$M)
Global paints and coatings market share, by product, 2024 & 2030 (%, US$M)
Paints and coatings market: Opportunity assessment by country
Global paints and coatings market, by region, 2024 (US$M)
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