International: The global paints and coatings market is set for steady expansion over the next five years, with projected market value increasing from approximately $205.22 billion in 2025 to $249.78 billion by 2030, according to a new report by research firm MarketsandMarkets released this week.
The report attributes the growth to broad-based demand across architectural applications — backed by rising construction activity and renovation work — and industrial segments, including automotive, machinery and protective coatings. Technological innovation in materials that offer surface protection, durability and enhanced aesthetics has also supported uptake, the analysis showed.
Key trends shaping the market include the increasing adoption of waterborne coatings, which commanded the largest share in 2024 owing to environmental preferences and stricter emissions regulations. Among resin types, epoxy resins are forecast to be the fastest-growing segment between 2025 and 2030, indicating heightened use in industrial and protective applications where performance is critical.
Regionally, Asia Pacific dominated the market in 2024 with more than 50% share, driven by robust manufacturing activity, rapid urbanisation and infrastructure development across China, India and Southeast Asia. Europe trails as the second-largest market, where stringent environmental norms are accelerating demand for low-VOC and eco-friendly formulations.
The industrial end-use category is projected to register the highest CAGR over the forecast period, reflecting growth in automotive, machinery and energy sectors that increasingly depend on advanced coatings for corrosion resistance and longevity.
The competitive landscape encompasses major global players such as The Sherwin-Williams Company, PPG Industries, Akzo Nobel N.V., Nippon Paint Holdings, Asian Paints and Kansai Paint Co., which are expanding product portfolios to meet evolving performance and sustainability criteria.
Analysts said the market’s growth trajectory is underpinned by both new build demand and a repainting/maintenance cycle in aging infrastructure, which supports stable demand even amid economic fluctuations.
As environmental and regulatory pressures intensify, the shift toward eco-friendly, low-emission coatings is expected to be a defining theme — pushing manufacturers to invest in cleaner technologies and more sustainable materials to retain competitiveness.
Overall, the report highlights that a combination of industrial expansion, construction growth and material innovation will sustain the paints and coatings industry’s growth into the next decade.