Asia Pacific Paints And Coatings Market Size & Outlook
Asia Pacific paints and coatings market, 2018-2030 (US$M)
Related Markets
Asia Pacific paints and coatings market highlights
- The Asia Pacific paints and coatings market generated a revenue of USD 69,373,128.9 million in 2023.
- The market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, waterborne coatings was the largest revenue generating product in 2023.
- Waterborne coatings is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 69,373,128.9 million |
| Market revenue in 2030 | USD 104,128,986.2 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Waterborne coatings |
| Fastest growing segment | Waterborne 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, Asia Pacific region accounted for 34.6% of the global paints and coatings market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 104,128,986.2 million by 2030.
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Paints and Coatings Market Scope
Paints and Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 42.84% in 2023. Horizon Databook has segmented the Asia Pacific 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.
The Asia Pacific paints and coatings market is expected to witness considerable growth over the forecast period. Rising construction activities and growing demand from the automotive sector in emerging countries, such as India, Japan, and South Korea, are expected to drive the market over the forecast period.
Furthermore, the easy availability of raw materials, coupled with less stringent laws regarding VOC emissions as compared to North America and Europe, has provided huge opportunity for the use of paints and coating products in various end-use sectors such as construction, automotive, marine, and manufacturing.
Low labor cost in the emerging nations of Asia Pacific has attracted many foreign investors to set up their manufacturing facilities in the region. Thus, the growing number of manufacturing facilities is boosting construction activities in the region, which, in turn, is anticipated to propel the demand for paints and coatings over the forecast period.
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Our clientele includes a mix of paints and 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 paints and coatings market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific paints and coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific paints and coatings market size, by country, 2018-2030 (US$M)
Asia Pacific Paints and Coatings Market Outlook Share, 2023 & 2030 (US$M)
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