Increasing Demand for Waterborne Paints to Spur Global Paints & Coatings Market Growth

Paints & Coatings Market

As per Inkwood Research, the Global Paints & Coatings Market is estimated to progress with a CAGR of 4.97% in terms of revenue during the forecasting years 2023-2032.

“Browse 76 Market Data Tables and 60 Figures spread over 260 Pages, along with an in-depth TOC on the Global Paints & Coatings Market Forecast 2023-2032.”

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Paints & coatings are characterized as paste, liquid, or powder compounds applied to surfaces in layers of varying thicknesses. They utilize multiple equipment and procedures, subsequently producing adherent films on the surface or the substrate.

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Rising Need for Waterborne Paints Fuels Global Market Growth

Waterborne paints offer enhanced durability, minimal emission of volatile organic compounds (VOCs), low odor, and faster drying time. Accordingly, the rising focus on environmental sustainability, coupled with stringent government regulations to reduce the use of harmful substances, is projected to augment the demand for water-based paints. This factor has encouraged manufacturers to invest in the production of water-based decorative paints. As a result, the rising demand for waterborne paints is anticipated to propel the global market’s growth.

Architectural (Interior/Exterior) to be the Fastest-Growing Application

Architectural paints & coatings are formulated for general applications on new as well as existing structures, in addition to normal environmental conditions. They also include shelf goods and stock-type coatings. Furthermore, interior and exterior house paints, undercoats, sealers, stains, and primers are categorized under architectural coatings.

Asia-Pacific: Leading & Dominating Regional Market by 2032

The growth of the paints & coatings market in the Asia-Pacific is influenced by a shift in consumer lifestyles, increased expenditure toward the aesthetic appeal of residential spaces, a rise in disposable income, and rapid urbanization.

Overall, the degree of industrial rivalry in the global paints & coatings market is high. Additionally, some of the top companies operating in the global market are Nippon Paint Holdings Co Ltd, Asian Paints Limited, Kansai Paint Co Ltd, etc.

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About Inkwood Research

Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, the Middle East, Europe, Asia, and Africa.


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