Paints and Coatings Market
To Reach USD 207.52 Billion
www.reportsanddata.comThe global Paints And Coatings Market is forecast to reach USD 207.52 Billion by 2027, according to a new report by
Reports and Data. The market is gearing up with rapid growth of industrial development, a growing number of end-
user industries, and increasing interest of the population in architecture and activities related to construction.
Further key findings from the report suggest
By End-user, the Architectural segment was the largest end-user segment in 2019; however, it is growing
moderately over the forecast period. Modern advances acrylic formulations, have offered a wide range of
weatherproof coatings, which accounted for the highest share in the market.
The general industrial sector is expected to emerge as the largest non-architectural end-use segment with
rapid agricultural demand. Paints and coatings are used in interiors of houses to add colors or decorative
purposes and a large variety of other functions.
Rapid infrastructure developments in the APAC region, such as India, China, and Japan, are expected to drive
the Asia-Pacific region to grow at the highest CAGR over the forecast period.
All construction activities and favorable government measures are likely to boost the region's construction
activities, which are increasing the demand for architectural paints & coatings.
Market Size – USD 138.81 Billion in 2019, Market Growth - CAGR of 5.1%, Market Trends – High demand from
developing nations with shipbuilding projects
End User Outlook (Volume, Kilotons, Revenue, USD Billion; 2020-2027)
• Architectural & Decorative
• Automotive Refinish
• Automotive OEM
• Protective coatings
AkzoNobel NV, PPG Industries, Inc., The Sherwin- Williams Company, RPM International, Inc., Nippon Paint Holding Co
LTD, Tikkurila OYJ, Axalta C