Global Paints and Coatings Industry Report 2024: Aerospace and Marine Space Demand Heavy-duty Paints and Coatings

Research and Markets

13 June 2024 at 10:03 am·5-min read

Company Logo

Paints and Coatings Market

Dublin, June 13, 2024 (GLOBE NEWSWIRE) -- The "Paints and Coatings - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The global market for Paints and Coatings is estimated at US$171.9 Billion in 2023 and is projected to reach US$244.1 Billion by 2030, growing at a CAGR of 4.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

Market Growth: Understand the significant growth trajectory of the Acrylic Paints segment, which is expected to reach US$108.2 Billion by 2030 with a CAGR of 5.3%. The Polyester Paints segment is also set to grow at 3.8% CAGR over the next 8 years.
Regional Analysis: Gain insights into the U.S. market, estimated at $32.5 Billion in 2023, and China, forecasted to grow at an impressive 5.9% CAGR to reach $78.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Key Market Trends & Drivers:

Thriving Building and Construction Activities Drive the Paints and Coatings Market
Asia-Pacific to Lead Demand for Paints and Coatings in Construction
Growing Demand for Paints & Coatings from Building Renovations & Remodeling Projects
Growing Demand for Automobiles Propels the Paints and Coatings Market
Aerospace and Marine Space Demand Heavy-duty Paints and Coatings
Number of New Aircraft Demanded (In Units) as a Result of New Air Route Expansion by 2041
Growth in Demand for Furniture to Sustain Demand for Paints & Coatings
Rapid Urbanization to Drive Demand Prospects for Paints & Coatings Market
Increasing Middle Class Population Worldwide Spurs Market Growth
Rising Demand for Acrylic Coatings Augurs Well for Market Growth
Acrylics Remain a Popular Choice in Road Surface Markings and Traffic Paints
Focus on Sustainable Development to Benefit Paints and Coatings Demand
Stringent Government Regulations Driving Demand for Environment-Friendly Coatings
Bio-Based Coatings Garner Attention
Growing Demand for Antimicrobial Coatings
Insulating Paints and Coatings Helping in Energy Saving
Rising Popularity of Paints and Coatings for Passive Cooling
New Tools Helping Companies Accelerate Innovation & Product Development
Major Product/Technological Innovations of the Recent Years
Select Innovative Paint Technologies
Upcoming Products/Technologies from Major Companies
Nanotechnology - A Game Changer for the Paints and Coatings Market
Evolving Use of Nanomaterials in Coatings Processing Augurs Well
Nanoclay Seeks Role in Coating Formulations

Key Questions Answered:

How is the Global Paints and Coatings Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as Akzo Nobel NV, Asian Paints Limited, Axalta Coating Systems LLC, and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 390 Featured):

Akzo Nobel
Asian Paints Limited
Axalta Coating Systems LLC
BASF
Berger Paints India Limited
Brillux GmbH & Co. KG
DAW SE
Dunn-Edwards Corporation
Hempel A/S
Jotun Group
JW Ostendorf
Nippon Paint Holdings Co., Ltd
NIPSEA Group
PPG Industries Inc.
RPM International Inc.
S K Kaken Co., Ltd
Shalimar Paints Limited
Sherwin-Williams Company
Teknos Group
Tiger Coatings

Key Attributes:

Report Attribute	Details
No. of Pages	965
Forecast Period	2023 - 2030
Estimated Market Value (USD) in 2023	$171.9 Billion
Forecasted Market Value (USD) by 2030	$244.1 Billion
Compound Annual Growth Rate	5.1%
Regions Covered	Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

A Prelude to Paints and Coatings
Classification of Paints
Classification of Coatings
Raw Materials Used in Paints & Coatings
Global Market Prospects and Outlook
Asia-Pacific Leads the Global Market
Architectural Paints and Coatings Dominate the Global Paints and Coatings Market
Water Based Paints & Coatings: Dominant Technology to Witness Healthy Growth
Acrylic Resin: Dominant Resin Type
Industrial End-use Dominates the Global Paints and Coatings Market
Need for Tending to the Varied Needs of End-Users Drives Innovation
Sustainability Driving Innovation
Advanced Technology to Continue to Transform the Coatings Landscape
Competitive Scenario
Paints and Coatings - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

For more information about this report visit https://www.researchandmarkets.com/r/nxbl8g

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

Paints and Coatings Market

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

The Telegraph
Army pensions explained: what they are and how to qualify
Armed Forces personnel may get plenty of job satisfaction from defending their country, but the pension perks are also pretty attractive.
The Telegraph
Civil service pensions: what they are and how they work
If you work in the public sector, you will have a workplace pension scheme like most other eligible employees in the private sector.
Associated Press Finance
China targets Europe's farmers, and not its automakers, in response to EU tariffs on electric cars
The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports, just days after the EU said it plans to impose provisional tariffs on China-made electric vehicles. The Commerce Ministry didn't mention the EV tariffs when it announced Monday that it is opening an anti-dumping investigation into pork from Europe, but the move is widely seen as a response to the EU move on electric cars.
Ideal Home
Small hallway ideas – Simple decorating tricks to maximise a small space
The best small hallway ideas will take your entrance from cluttered and cramped to a well-designed zone that is both functional and in line with the rest of your interior. The best hallway ideas encompass both fashion and function, whether that be innovative storage solutions that optimise unused space or ways to accessorise that don't create extra mess.
Fool.co.uk
2 dividend-paying penny shares I’d happily own
These two penny shares have caught our writer's eye for a combination of income prospects now and business growth potential in future. The post 2 dividend-paying penny shares I’d happily own appeared first on The Motley Fool UK.
Reuters
Beijing urges Britain to stop sanctioning Chinese firms over Russian links
China's commerce ministry said on Wednesday that it had urged Britain to stop sanctioning Chinese firms after the country sanctioned five Chinese companies over their links to Russia. Britain last week imposed its first sanctions targeting vessels in Russian President Vladimir Putin's "shadow fleet" that it said was used to circumvent Western sanctions on the trade in Russian oil.
PA Media: UK News
Tommy Robinson facing fresh contempt of court claim
Campaign group Hope Not Hate alleged that Robinson had ignored an injunction and repeated allegations.
CityAM
Oh Shein! Fast-fashion giant hit with legal action in London by competitor
Chinese founded Shein and its entities have been slapped with a lawsuit in the English High Court by its UK competitor Oh Polly
Fortune
Raising Cane’s managers now make $175,000 as new laws and shortages push fast-food salaries to six figures
Post-pandemic retention issues and California’s mandatory pay law means that the infamously underpaying sector is finally paying up, coughing up six figures in some cases.
The Telegraph
The ‘super-graduate’ jobs that pay over £180,000 a year – but come at a cost
David* was an hour late to his dad’s birthday dinner. They had booked to celebrate in a restaurant in London on a Friday night, where the 23-year-old thought he’d be free from the shackles of work. However, just when the investment banker believed he was done for the day, an urgent request from a client came in, meaning he had to remain chained to his desk far longer than he would have liked to at the end of the week.
USA TODAY
Wells Fargo employees fired after fake-work claim turns up keyboard sim, Bloomberg reports
More than a dozen Wells Fargo employees were terminated for using keyboard activity simulation to fake working online, Bloomberg reported.
Associated Press Finance
Fisker files for bankruptcy protection, the second electric vehicle maker to do so in the past year
Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology. Fisker Group Inc. said in a filing with the U.S. Bankruptcy Court in Delaware that its estimated assets are between $500 million and $1 billion. “Like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently,” the company said in a prepared statement late Monday.
Reuters
Market conditions drive international airlines away from Brazil, Airbus says
Complicated market conditions have prevented foreign airlines from launching local operations in Brazil, planemaker Airbus' head in the country told Reuters. In 2018, rules which had limited the size of the stake a foreign investor could hold in an airline were overturned in a bid to open up competition among carriers in Latin America's largest economy. Still, market share in Brazil is dominated by just three companies: Azul, Gol and LATAM, the latter the result of a merger in the 2010s between local airline TAM with Chile's LAN.
Bloomberg
Russian Crude Flows Climb Despite Pledge to Stiffen Output Curbs
(Bloomberg) -- Russia’s four-week average crude exports rose for a second straight week in the period to June 16, even as Moscow said it would strictly comply with its OPEC+ output target this month.Most Read from BloombergWhat to Know About the Deadly Flesh-Eating Bacteria Spreading in Japan‘I Live in Hell’: Anti-Growth Fervor Grips US South After Pandemic BoomNvidia’s 591,078% Rally to Most Valuable Stock Came in WavesNvidia Becomes World’s Most Valuable Company as AI Rally Steams AheadI Didn’
Sky News
Premier Inn owner faces protests over job cuts despite profits boom
Premier Inn owner Whitbread is facing protests at its annual general meeting over plans to cut 1,500 UK jobs. Unite has organised the protest outside the Dunstable headquarters of the hospitality company, which also owns restaurant chains Brewers Fayre, Beefeater and Bar + Block, this afternoon. Whitbread sparked outrage earlier this year when it announced the job losses on the same day as reporting annual profits of £561m - a 36% rise.
Benzinga
Warren Buffett Bought A $4 Billion Business Without Seeing It Because He Didn't Want To Travel Out Of The Country — 'I Don't Even Go To Iowa'
Warren Buffett, the chairman and CEO of Berkshire Hathaway Inc. and one of the most successful investors in history, shared a remarkable story about an unexpected acquisition in a 2012 interview with Economic Club President David M. Rubenstein. Buffett recounted receiving a letter from an Israeli entrepreneur, ultimately leading to a $4 billion purchase. Don't Miss: Are you rich? Here’s what Americans think you need to be considered wealthy. Can you guess how many retire with a $5,000,000 nest e
CityAM
Easyjet, Ryanair and Wizz Air slam EU plans to exempt long-haul flights from new emissions rules
Three of Europe's biggest budget airlines have hit out at new draft EU proposals to exempt long-haul airlines from rules that would require them to monitor their non-CO2 emissions.
Benzinga
Suze Orman Warns That A 'Financial Tornado' Is Coming For People With No Emergency Retirement Savings — 4% Retirement Rule Does Not Work
With record numbers of Americans entering retirement age for the next four years, knowing how much to save for retirement has never been more important. Financial expert Suze Orman has called the 4% retirement rule problematic. Here's why Orman feels that this retirement rule does not work. Don't Miss: The average American couple has saved this much money for retirement — How do you compare? Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you.
PA Media: UK News
McDonald’s to end AI trial in US over ordering mishaps
The restaurant chain is to stop using voice recognition tech in the US after a string of incidents where it created unusual orders for customers.
South China Morning Post
The US wants to decouple its military supplies from China - but can it?
China's central role in the global supply chain has prompted the United States to initiate a series of measures to de-risk its relationship with the world's second largest economy as relations worsen. For the US defence industry, it seems inevitable that Washington will want to go further and seek to cut out China completely. China now plays a central role in the global economy as a leading producer of everything from the raw materials used to make basic equipment and rare earth metals to the hi-tech equipment that is vital to the production of some of America's most advanced weapons.

NIKKEI 225

HANG SENG

CRUDE OIL

GOLD FUTURES

DOW

Bitcoin GBP

CMC Crypto 200

NASDAQ Composite

UK FTSE All Share

Bank of England set to hold interest rates despite hitting 2% inflation target

Global Paints and Coatings Industry Report 2024: Aerospace and Marine Space Demand Heavy-duty Paints and Coatings

Latest stories

Army pensions explained: what they are and how to qualify

Civil service pensions: what they are and how they work

China targets Europe's farmers, and not its automakers, in response to EU tariffs on electric cars

Small hallway ideas – Simple decorating tricks to maximise a small space

2 dividend-paying penny shares I’d happily own

Beijing urges Britain to stop sanctioning Chinese firms over Russian links

Tommy Robinson facing fresh contempt of court claim

Oh Shein! Fast-fashion giant hit with legal action in London by competitor

Raising Cane’s managers now make $175,000 as new laws and shortages push fast-food salaries to six figures

The ‘super-graduate’ jobs that pay over £180,000 a year – but come at a cost

Wells Fargo employees fired after fake-work claim turns up keyboard sim, Bloomberg reports

Fisker files for bankruptcy protection, the second electric vehicle maker to do so in the past year

Market conditions drive international airlines away from Brazil, Airbus says

Russian Crude Flows Climb Despite Pledge to Stiffen Output Curbs

Premier Inn owner faces protests over job cuts despite profits boom

Warren Buffett Bought A $4 Billion Business Without Seeing It Because He Didn't Want To Travel Out Of The Country — 'I Don't Even Go To Iowa'

Easyjet, Ryanair and Wizz Air slam EU plans to exempt long-haul flights from new emissions rules

Suze Orman Warns That A 'Financial Tornado' Is Coming For People With No Emergency Retirement Savings — 4% Retirement Rule Does Not Work

McDonald’s to end AI trial in US over ordering mishaps

The US wants to decouple its military supplies from China - but can it?