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 200,290,861.1 million in 2023 and is expected to reach USD 280,194,060.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.9% by 2030.
- In terms of segment, waterborne coatings accounted for a revenue of USD 81,730,252.6 million in 2023.
- 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 2023.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 200,290,861.1 million |
| Market revenue in 2030 | USD 280,194,060.7 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Waterborne coatings |
| Fastest growing segment | Powder coatings |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radiation cured coatings, Powder coatings, Waterborne coatings, Solvent-borne coatings |
Other key industry trends
- In terms of revenue, the North America accounted for 21.6% of the global paints and coatings market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Spain is the fastest growing regional market and is projected to reach USD 7,156,137.7 million by 2030.
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Paints and Coatings Market Scope
Paints and Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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 40.81% in 2023. Horizon Databook has segmented the Global paints and coatings market based on radiation cured coatings, powder coatings, waterborne coatings, solvent-borne 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, 2023 (US$M)
Global paints and coatings market share, by product, 2023 & 2030 (%, US$M)
Paints and coatings market: Opportunity assessment by country
Global paints and coatings market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 24,878,803.6 | 26,444,031.2 | 26,922,993.0 | 28,883,859.4 | 37,397,163.8 | 43,283,014.8 | 45,442,478.0 | 47,075,792.9 | 49,235,469.0 | 51,199,397.1 | 53,393,612.9 | 55,840,313.5 | 58,564,827.7 | 4.4% |
| Europe | 35,370,914.5 | 37,509,875.5 | 38,100,118.6 | 40,778,086.7 | 52,669,872.8 | 60,810,162.7 | 63,685,202.2 | 65,807,374.0 | 68,649,539.2 | 71,201,471.1 | 74,055,896.3 | 77,240,615.8 | 80,787,340.2 | 4.1% |
| Asia Pacific | 36,936,517.5 | 39,873,237.4 | 41,225,368.9 | 44,910,187.0 | 59,038,977.6 | 69,373,128.9 | 73,938,983.8 | 77,752,047.9 | 82,539,331.6 | 87,113,055.0 | 92,195,763.7 | 97,845,611.6 | 104,128,986.2 | 6.0% |
| Latin America | 7,551,189.0 | 8,049,256.8 | 8,218,768.0 | 8,843,149.1 | 11,483,437.2 | 13,330,471.4 | 14,037,770.3 | 14,586,642.5 | 15,302,799.4 | 15,962,701.7 | 16,699,110.2 | 17,519,760.5 | 18,433,482.9 | 4.7% |
| MEA | 7,734,636.6 | 8,226,829.4 | 8,381,035.6 | 8,996,496.7 | 11,653,981.2 | 13,494,083.4 | 14,172,619.3 | 14,686,528.6 | 15,363,965.0 | 15,979,502.3 | 16,665,925.9 | 17,429,999.5 | 18,279,423.6 | 4.4% |
| Overall | 112,472,061.2 | 120,103,230.3 | 122,848,284.1 | 132,411,778.8 | 172,243,432.7 | 200,290,861.1 | 211,277,053.6 | 219,908,385.9 | 231,091,104.2 | 241,456,127.2 | 253,010,308.9 | 265,876,301.0 | 280,194,060.7 | 4.9% |
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