Construction Paints and Coatings Market By Resin Type , By Product Type By Application : Global Opportunity Analysis and Industry Forecast, 2024-2033

Description

Construction Paints and Coatings Market

The construction paints and coatings market was valued at $132.3 billion in 2023 and is projected to reach $208.0 billion by 2033, growing at a CAGR of 4.6% from 2024 to 2033.

Construction paints and coatings are the elements of the construction industry that cater to aesthetic & functional purposes. They consist of binders, solvents, and additives that offer protection, durability, and visual appeal to buildings. In recent times, the utility of construction paints and coatings has increased to improve the energy efficiency of buildings and ensure their longevity.

Increase in urbanization has upsurged the development of buildings, which is fueling the demand for construction paints & coatings and driving the growth of the market. In addition, rise in appeal regarding the aesthetic appearance of places has boosted the requirement for paints and coatings, thereby propelling the market growth. An emerging trend expected to gain prominence in the coming years is the usage of nanomaterials and other techniques to develop smart paints & coatings. These color-changing, self-healing elements reduce maintenance expenditures and enhance the functionality of buildings by offering stain resistance, odor control, and liquid repellence.

However, the development of paints and coatings relies on petroleum-based products, which results in hampered market growth owing to the intermittent volatility in oil prices. Moreover, the extensive usage of chemicals with highly volatile compounds poses human health concerns, restraining the development of the market. On the contrary, increase in efforts toward sustainability and surge in usage of eco-friendly materials in buildings are anticipated to present lucrative opportunities for the construction paints and coatings market. According to the United Nations Environmental Programme, an annual increase of ten decarbonization points is required for the buildings and construction sector to align with the 2030 milestone of all new buildings having net-zero emissions. To cater to the milestone, several manufacturers are developing green paints & coatings with biomass, plant oil, carbohydrates, proteins, and microbes that are recyclable or biodegradable in nature.

Segment Review

The construction paints and coatings market is segmented into resin type, product type, application, and region. On the basis of resin type, the market is divided into epoxy, acrylic, polyurethane, and others. As per product type, it is classified into powder coatings, waterborne coatings, solvent-borne coatings, and others. According to application, it is categorized into residential, commercial, and industrial. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of resin type, the acrylic segment is expected to be the highest revenue generator during the forecast period.

As per product type, the solvent-borne coatings segment is projected to acquire a notable stake in the market from 2024 to 2033.

According to application, the commercial segment is predicted to be the highest shareholder throughout the forecast period.

Region wise, Asia-Pacific is anticipated to be the highest revenue generator by 2033.

Competition Analysis

The major players in the global construction paints and coatings market include Asian Paints Ltd, Kansai Paint Co., Ltd., Kwality Paints and Coatings Pvt. Ltd., Indigo Paints Ltd, Axalta Coating Systems, LLC, Nippon Paint Holdings Co., Ltd., Akzo Nobel N.V., and PPG Industries, Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.

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Analysis of raw material in a product (by %)
Manufacturing Capacity
Investment Opportunities
Upcoming/New Entrant by Regions
Technology Trend Analysis
Market share analysis of players by products/segments
Regulatory Guidelines
Strategic Recommendations
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Average Selling Price Analysis / Price Point Analysis
Brands Share Analysis
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Import Export Analysis/Data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
Market share analysis of players at global/region/country level
SWOT Analysis
Volume Market Size and Forecast

Key Market Segments

By Resin Type

Epoxy
Acrylic
Polyurethane
Others

By Product Type

Powder Coatings
Waterborne Coatings
Solvent-borne Coatings
Others

By Application

Residential
Commercial
Industrial

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA

Key Market Players:

Asian Paints Ltd
Kansai Paint Co., Ltd.
Kwality Paints and Coatings Pvt. Ltd.
Indigo Paints Ltd
Axalta Coating Systems, LLC
Nippon Paint Holdings Co., Ltd.
Akzo Nobel N.V.
PPG Industries, Inc.
The Sherwin-Williams Company
RPM International Inc

Product Code: A00202

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: CONSTRUCTION PAINTS AND COATINGS MARKET, BY RESIN TYPE

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Resin Type
4.2. Epoxy
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Acrylic
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
4.4. Polyurethane
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country
4.5. Others
- 4.5.1. Key Market Trends, Growth Factors and Opportunities
- 4.5.2. Market Size and Forecast, By Region
- 4.5.3. Market Share Analysis, By Country

CHAPTER 5: CONSTRUCTION PAINTS AND COATINGS MARKET, BY PRODUCT TYPE

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Product Type
5.2. Powder Coatings
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. Waterborne Coatings
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
5.4. Solvent-borne Coatings
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country
5.5. Others
- 5.5.1. Key Market Trends, Growth Factors and Opportunities
- 5.5.2. Market Size and Forecast, By Region
- 5.5.3. Market Share Analysis, By Country

CHAPTER 6: CONSTRUCTION PAINTS AND COATINGS MARKET, BY APPLICATION

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By Application
6.2. Residential
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
6.3. Commercial
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country
6.4. Industrial
- 6.4.1. Key Market Trends, Growth Factors and Opportunities
- 6.4.2. Market Size and Forecast, By Region
- 6.4.3. Market Share Analysis, By Country

CHAPTER 7: CONSTRUCTION PAINTS AND COATINGS MARKET, BY REGION

7.1. Market Overview
- 7.1.1 Market Size and Forecast, By Region
7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. Market Size and Forecast, By Resin Type
- 7.2.3. Market Size and Forecast, By Product Type
- 7.2.4. Market Size and Forecast, By Application
- 7.2.5. Market Size and Forecast, By Country
- 7.2.6. U.S. Construction Paints and Coatings Market
  - 7.2.6.1. Market Size and Forecast, By Resin Type
  - 7.2.6.2. Market Size and Forecast, By Product Type
  - 7.2.6.3. Market Size and Forecast, By Application
- 7.2.7. Canada Construction Paints and Coatings Market
  - 7.2.7.1. Market Size and Forecast, By Resin Type
  - 7.2.7.2. Market Size and Forecast, By Product Type
  - 7.2.7.3. Market Size and Forecast, By Application
- 7.2.8. Mexico Construction Paints and Coatings Market
  - 7.2.8.1. Market Size and Forecast, By Resin Type
  - 7.2.8.2. Market Size and Forecast, By Product Type
  - 7.2.8.3. Market Size and Forecast, By Application
7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Market Size and Forecast, By Resin Type
- 7.3.3. Market Size and Forecast, By Product Type
- 7.3.4. Market Size and Forecast, By Application
- 7.3.5. Market Size and Forecast, By Country
- 7.3.6. France Construction Paints and Coatings Market
  - 7.3.6.1. Market Size and Forecast, By Resin Type
  - 7.3.6.2. Market Size and Forecast, By Product Type
  - 7.3.6.3. Market Size and Forecast, By Application
- 7.3.7. Germany Construction Paints and Coatings Market
  - 7.3.7.1. Market Size and Forecast, By Resin Type
  - 7.3.7.2. Market Size and Forecast, By Product Type
  - 7.3.7.3. Market Size and Forecast, By Application
- 7.3.8. Italy Construction Paints and Coatings Market
  - 7.3.8.1. Market Size and Forecast, By Resin Type
  - 7.3.8.2. Market Size and Forecast, By Product Type
  - 7.3.8.3. Market Size and Forecast, By Application
- 7.3.9. Spain Construction Paints and Coatings Market
  - 7.3.9.1. Market Size and Forecast, By Resin Type
  - 7.3.9.2. Market Size and Forecast, By Product Type
  - 7.3.9.3. Market Size and Forecast, By Application
- 7.3.10. UK Construction Paints and Coatings Market
  - 7.3.10.1. Market Size and Forecast, By Resin Type
  - 7.3.10.2. Market Size and Forecast, By Product Type
  - 7.3.10.3. Market Size and Forecast, By Application
- 7.3.11. Rest Of Europe Construction Paints and Coatings Market
  - 7.3.11.1. Market Size and Forecast, By Resin Type
  - 7.3.11.2. Market Size and Forecast, By Product Type
  - 7.3.11.3. Market Size and Forecast, By Application
7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Market Size and Forecast, By Resin Type
- 7.4.3. Market Size and Forecast, By Product Type
- 7.4.4. Market Size and Forecast, By Application
- 7.4.5. Market Size and Forecast, By Country
- 7.4.6. China Construction Paints and Coatings Market
  - 7.4.6.1. Market Size and Forecast, By Resin Type
  - 7.4.6.2. Market Size and Forecast, By Product Type
  - 7.4.6.3. Market Size and Forecast, By Application
- 7.4.7. Japan Construction Paints and Coatings Market
  - 7.4.7.1. Market Size and Forecast, By Resin Type
  - 7.4.7.2. Market Size and Forecast, By Product Type
  - 7.4.7.3. Market Size and Forecast, By Application
- 7.4.8. India Construction Paints and Coatings Market
  - 7.4.8.1. Market Size and Forecast, By Resin Type
  - 7.4.8.2. Market Size and Forecast, By Product Type
  - 7.4.8.3. Market Size and Forecast, By Application
- 7.4.9. South Korea Construction Paints and Coatings Market
  - 7.4.9.1. Market Size and Forecast, By Resin Type
  - 7.4.9.2. Market Size and Forecast, By Product Type
  - 7.4.9.3. Market Size and Forecast, By Application
- 7.4.10. Australia Construction Paints and Coatings Market
  - 7.4.10.1. Market Size and Forecast, By Resin Type
  - 7.4.10.2. Market Size and Forecast, By Product Type
  - 7.4.10.3. Market Size and Forecast, By Application
- 7.4.11. Rest of Asia-Pacific Construction Paints and Coatings Market
  - 7.4.11.1. Market Size and Forecast, By Resin Type
  - 7.4.11.2. Market Size and Forecast, By Product Type
  - 7.4.11.3. Market Size and Forecast, By Application
7.5. LAMEA
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Market Size and Forecast, By Resin Type
- 7.5.3. Market Size and Forecast, By Product Type
- 7.5.4. Market Size and Forecast, By Application
- 7.5.5. Market Size and Forecast, By Country
- 7.5.6. Brazil Construction Paints and Coatings Market
  - 7.5.6.1. Market Size and Forecast, By Resin Type
  - 7.5.6.2. Market Size and Forecast, By Product Type
  - 7.5.6.3. Market Size and Forecast, By Application
- 7.5.7. South Africa Construction Paints and Coatings Market
  - 7.5.7.1. Market Size and Forecast, By Resin Type
  - 7.5.7.2. Market Size and Forecast, By Product Type
  - 7.5.7.3. Market Size and Forecast, By Application
- 7.5.8. Saudi Arabia Construction Paints and Coatings Market
  - 7.5.8.1. Market Size and Forecast, By Resin Type
  - 7.5.8.2. Market Size and Forecast, By Product Type
  - 7.5.8.3. Market Size and Forecast, By Application
- 7.5.9. Rest of LAMEA Construction Paints and Coatings Market
  - 7.5.9.1. Market Size and Forecast, By Resin Type
  - 7.5.9.2. Market Size and Forecast, By Product Type
  - 7.5.9.3. Market Size and Forecast, By Application

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping Of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. Asian Paints Ltd
- 9.1.1. Company Overview
- 9.1.2. Key Executives
- 9.1.3. Company Snapshot
- 9.1.4. Operating Business Segments
- 9.1.5. Product Portfolio
- 9.1.6. Business Performance
- 9.1.7. Key Strategic Moves and Developments
9.2. Kansai Paint Co., Ltd.
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Operating Business Segments
- 9.2.5. Product Portfolio
- 9.2.6. Business Performance
- 9.2.7. Key Strategic Moves and Developments
9.3. Kwality Paints And Coatings Pvt. Ltd.
- 9.3.1. Company Overview
- 9.3.2. Key Executives
- 9.3.3. Company Snapshot
- 9.3.4. Operating Business Segments
- 9.3.5. Product Portfolio
- 9.3.6. Business Performance
- 9.3.7. Key Strategic Moves and Developments
9.4. Indigo Paints Ltd
- 9.4.1. Company Overview
- 9.4.2. Key Executives
- 9.4.3. Company Snapshot
- 9.4.4. Operating Business Segments
- 9.4.5. Product Portfolio
- 9.4.6. Business Performance
- 9.4.7. Key Strategic Moves and Developments
9.5. Axalta Coating Systems, LLC
- 9.5.1. Company Overview
- 9.5.2. Key Executives
- 9.5.3. Company Snapshot
- 9.5.4. Operating Business Segments
- 9.5.5. Product Portfolio
- 9.5.6. Business Performance
- 9.5.7. Key Strategic Moves and Developments
9.6. Nippon Paint Holdings Co., Ltd.
- 9.6.1. Company Overview
- 9.6.2. Key Executives
- 9.6.3. Company Snapshot
- 9.6.4. Operating Business Segments
- 9.6.5. Product Portfolio
- 9.6.6. Business Performance
- 9.6.7. Key Strategic Moves and Developments
9.7. Akzo Nobel N.V.
- 9.7.1. Company Overview
- 9.7.2. Key Executives
- 9.7.3. Company Snapshot
- 9.7.4. Operating Business Segments
- 9.7.5. Product Portfolio
- 9.7.6. Business Performance
- 9.7.7. Key Strategic Moves and Developments
9.8. PPG Industries, Inc.
- 9.8.1. Company Overview
- 9.8.2. Key Executives
- 9.8.3. Company Snapshot
- 9.8.4. Operating Business Segments
- 9.8.5. Product Portfolio
- 9.8.6. Business Performance
- 9.8.7. Key Strategic Moves and Developments
9.9. The Sherwin-Williams Company
- 9.9.1. Company Overview
- 9.9.2. Key Executives
- 9.9.3. Company Snapshot
- 9.9.4. Operating Business Segments
- 9.9.5. Product Portfolio
- 9.9.6. Business Performance
- 9.9.7. Key Strategic Moves and Developments
9.10. RPM International Inc
- 9.10.1. Company Overview
- 9.10.2. Key Executives
- 9.10.3. Company Snapshot
- 9.10.4. Operating Business Segments
- 9.10.5. Product Portfolio
- 9.10.6. Business Performance
- 9.10.7. Key Strategic Moves and Developments