China Paints And Coatings Market Size & Outlook, 2023-2030
China paints and coatings market, 2018-2030 (US$M)
Related Markets
China paints and coatings market highlights
- The China paints and coatings market generated a revenue of USD 6,473,934.7 million in 2023 and is expected to reach USD 8,628,242.6 million by 2030.
- The China market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, solvent-borne 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.
Paints and coatings market data book summary
| Market revenue in 2023 | USD 6,473,934.7 million |
| Market revenue in 2030 | USD 8,628,242.6 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Solvent-borne coatings |
| Fastest growing segment | Waterborne coatings |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 3.2% of the global paints and coatings market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan paints and coatings market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific 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 |
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China 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.
Solvent-borne coatings was the largest segment with a revenue share of 36.32% in 2023. Horizon Databook has segmented the China 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.
China is expected to be one of the promising markets in the region on account of the government’s support to promote investments in the manufacturing sector. Several companies are expanding or setting up new manufacturing facilities owing to low labor costs and ease of raw material procurement in the country.
The growing manufacturing sector is expected to propel the demand for paints & coatings in automotive, aerospace, construction, electrical & electronics, and other industries. India and China have witnessed a spike in automotive production.
For instance, in September 2022, the California-India Zero Emission Vehicle (ZEV) Policy program was initiated by the Indian government to support and increase the development of ZEVs in the country.
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Target buyers of China paints and coatings market databook
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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 country-level data and insights on the China paints and coatings market , including forecasts for subscribers. This country databook contains high-level insights into China paints and coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China paints and coatings market size, by product, 2018-2030 (US$M)
China Paints and Coatings Market Outlook Share, 2023 & 2030 (US$M)
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