Exterior Paint Global Market Report 2024

Description

Exterior paint is designed specifically for use on surfaces exposed to outdoor elements such as sunlight, rain, wind, and temperature changes. Its formulation aims to endure harsh environmental conditions and provide durable protection for exterior surfaces.

The primary types of exterior paint include silicone, epoxy, acrylic, polyurethane, and others. Silicone exterior paints are crafted with silicone resin, offering outstanding durability, weather resistance, and flexibility, making them well-suited for challenging environmental conditions. These paints come in various formulations, including water-based and solvent-based options, and are utilized across a range of applications such as residential, commercial, and industrial buildings.

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The exterior paint market size has grown strongly in recent years. It will grow from $13.49 billion in 2023 to $14.78 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to environmental regulations, the shift towards architectural styles and design preferences, growth in awareness for eco-friendly products, intense competition among paint manufacturers, and growing emphasis on aesthetics.

The exterior paint market size is expected to see strong growth in the next few years. It will grow to $21.54 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The forecast period's growth is expected to be driven by factors such as the expansion of construction activities, increased demand for renovation and remodeling projects, the diversification of distribution channels, a rising need for high-performance coatings, and shifts in consumer preferences towards particular colors. Anticipated trends in the forecast period encompass the development of sustainable formulations, advancements in nanotechnology applications, the integration of smart coatings and functional additives, the provision of customized exterior paint solutions, and the adoption of digital technologies within the industry.

The surge in investments in infrastructure is anticipated to drive the future growth of the exterior paint market. Infrastructure comprises the essential physical and organizational structures and facilities vital for societal or enterprise functioning, encompassing transportation, communication, utilities, and public services. The escalating investments in infrastructure are fueled by factors such as expanding urban populations, heightened frequency and severity of climate-related events, global connectivity, and trade. In infrastructure development, exterior paint plays a crucial role in providing protection, preservation, and aesthetic enhancement to various structures and facilities. For instance, data from the World Bank in April 2024 revealed that private participation in infrastructure (PPI) commitments soared to $91.7 billion across 263 projects, marking a 23% increase compared to 2021. Consequently, the mounting investments in infrastructure propel the expansion of the exterior paint market.

Key players in the exterior paint market are concentrating on developing innovative technology-based products, such as water-beading technology-based exterior paint, to gain a competitive advantage. Water-beading technology-based exterior paint incorporates innovative technology engineered to repel water and moisture from painted surfaces. For example, in March 2022, Valspar Corporation, a US-based paint manufacturing company, introduced Valspar Defense, a new line of exterior paint and primer. This product offers robust protection with advanced water-beading technology, effectively repulsing water year-round to prevent moisture damage. Beyond its water-repelling features, Valspar Defense Exterior Paint & Primer provides exceptional defense against fading, cracking, and peeling. Additionally, it delivers superior coverage, concealing existing stains in just one coat and ready for rain in as little as one hour.

In September 2022, Flacks Group, a US-based private equity firm, acquired Kelly-Moore Paint Company for an undisclosed sum. This strategic acquisition underscores Flacks Group's ambition to broaden its presence in the paint industry and harness Kelly-Moore's expertise and market reach to drive growth and innovation. Kelly-Moore Paints, a US-based paint manufacturing company, specializes in offering high-quality exterior paint products, aligning well with Flacks Group's objectives.

Major companies operating in the exterior paint market are BASF SE, Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd., Masco Corporation, RPM International Inc., Axalta Coating Systems Ltd., Diamond Vogel Paints, Asian Paints Limited, Valspar Corporation, H.B. Fuller Company, Kansai Paint Co. Ltd., Hempel A/S, Jotun Group, DAW SE, Tikkurila Oyj, Berger Paints India Limited, Benjamin Moore & Co., Rust-Oleum Corporation, Dunn-Edwards Corporation, Cromology, TOA Group, Farrow & Ball Limited.

Asia-Pacific was the largest region in the exterior paint market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the exterior paint market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the exterior paint market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The exterior paint market consists of sales of latex paint, oil-based paint, textured paint, masonry paint and elastomeric paints. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Exterior Paint Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on exterior paint market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for exterior paint? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The exterior paint market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: Silicone; Epoxy; Acrylic; Polyurethane; Other Types
2) By Product Type: Water-Based Paints; Solvent-Based Paints; Other Products Types
3) By Applications: Residential Buildings; Commercial Buildings; Industrial Buildings; Other Applications
Companies Mentioned: BASF SE; Sherwin-Williams Company; PPG Industries Inc.; Akzo Nobel N.V.; Nippon Paint Holdings Co. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r18132

1. Executive Summary

2. Exterior Paint Market Characteristics

3. Exterior Paint Market Trends And Strategies

4. Exterior Paint Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Exterior Paint Market Size and Growth

5.1. Global Exterior Paint Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Exterior Paint Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Exterior Paint Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Exterior Paint Market Segmentation

6.1. Global Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Silicone
Epoxy
Acrylic
Polyurethane
Other Types
6.2. Global Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Water-Based Paints
Solvent-Based Paints
Other Products Types
6.3. Global Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential Buildings
Commercial Buildings
Industrial Buildings
Other Applications

7. Exterior Paint Market Regional And Country Analysis

7.1. Global Exterior Paint Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Exterior Paint Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Exterior Paint Market

8.1. Asia-Pacific Exterior Paint Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Exterior Paint Market

9.1. China Exterior Paint Market Overview
9.2. China Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Exterior Paint Market

10.1. India Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Exterior Paint Market

11.1. Japan Exterior Paint Market Overview
11.2. Japan Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Exterior Paint Market

12.1. Australia Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Exterior Paint Market

13.1. Indonesia Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Exterior Paint Market

14.1. South Korea Exterior Paint Market Overview
14.2. South Korea Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Exterior Paint Market

15.1. Western Europe Exterior Paint Market Overview
15.2. Western Europe Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Exterior Paint Market

16.1. UK Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Exterior Paint Market

17.1. Germany Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Exterior Paint Market

18.1. France Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Exterior Paint Market

19.1. Italy Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Exterior Paint Market

20.1. Spain Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Exterior Paint Market

21.1. Eastern Europe Exterior Paint Market Overview
21.2. Eastern Europe Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Exterior Paint Market

22.1. Russia Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Exterior Paint Market

23.1. North America Exterior Paint Market Overview
23.2. North America Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Exterior Paint Market

24.1. USA Exterior Paint Market Overview
24.2. USA Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Exterior Paint Market

25.1. Canada Exterior Paint Market Overview
25.2. Canada Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Exterior Paint Market

26.1. South America Exterior Paint Market Overview
26.2. South America Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Exterior Paint Market

27.1. Brazil Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Exterior Paint Market

28.1. Middle East Exterior Paint Market Overview
28.2. Middle East Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Exterior Paint Market

29.1. Africa Exterior Paint Market Overview
29.2. Africa Exterior Paint Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Exterior Paint Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Exterior Paint Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Exterior Paint Market Competitive Landscape And Company Profiles

30.1. Exterior Paint Market Competitive Landscape
30.2. Exterior Paint Market Company Profiles
- 30.2.1. BASF SE
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Sherwin-Williams Company
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. PPG Industries Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Akzo Nobel N.V.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Nippon Paint Holdings Co. Ltd.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Exterior Paint Market Other Major And Innovative Companies

31.1. Masco Corporation
31.2. RPM International Inc.
31.3. Axalta Coating Systems Ltd.
31.4. Diamond Vogel Paints
31.5. Asian Paints Limited
31.6. Valspar Corporation
31.7. H.B. Fuller Company
31.8. Kansai Paint Co. Ltd.
31.9. Hempel A/S
31.10. Jotun Group
31.11. DAW SE
31.12. Tikkurila Oyj
31.13. Berger Paints India Limited
31.14. Benjamin Moore & Co.
31.15. Rust-Oleum Corporation

32. Global Exterior Paint Market Competitive Benchmarking

33. Global Exterior Paint Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Exterior Paint Market

35. Exterior Paint Market Future Outlook and Potential Analysis

35.1 Exterior Paint Market In 2028 - Countries Offering Most New Opportunities
35.2 Exterior Paint Market In 2028 - Segments Offering Most New Opportunities
35.3 Exterior Paint Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer