Pacific Paints Coatings Market

Asia Pacific Paints & Coatings market size was valued at USD 78.23 billion in 2024 and is projected to reach USD 106.47 billion by 2030, at a CAGR of 5.3% during the forecast period 2024-2030.
 

Paints and coatings are liquid, liquefiable, or mastic compositions applied to various surfaces for decorative, protective, or functional purposes in construction, automotive, industrial, and consumer goods applications.
The Asia Pacific paints & coatings market is the largest globally, driven by rapid urbanization, infrastructure development, and industrial growth. China leads with a 45% market share, followed by India at 20% and Japan at 15%. In 2023, the architectural segment accounted for 55% of the market, with industrial coatings at 30% and specialty coatings at 15%. The market experienced an 8% growth in demand for low-VOC and eco-friendly formulations. Key players include Nippon Paint Holdings Co., Ltd. (Japan) and Asian Paints Limited (India), holding a combined 30% market share in the region. The industry is investing heavily in smart coatings, with a 20% increase in R&D spending on self-healing and anti-microbial coatings in 2023. Challenges include raw material price volatility and stringent environmental regulations, leading to a 12% focus on developing bio-based and recyclable coating technologies. The trend towards prefabricated construction has driven a 15% increase in demand for factory-applied coatings. The market is benefiting from the booming automotive sector in countries like Thailand and Indonesia, with a 10% rise in automotive refinish coating sales. The DIY segment saw significant growth, with a 25% increase in retail paint sales during the COVID-19 pandemic, a trend that has continued in many countries.

Report Includes

Pacific Paints Coatings Market is an essential reference for who looks for detailed information on Asia Pacific Paints & Coatings . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Paints & Coatings , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

Pacific Paints Coatings Market aims to provide a comprehensive presentation of the Asia Pacific Paints & Coatings , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Paints & Coatings . Pacific Paints Coatings Market contains market size and forecasts of Paints & Coatings in Asia Pacific, including the following market information:
We surveyed the Paints & Coatings manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

by Country

• China
• India
• Japan
• South Korea
• Australia
• Thailand
• Indonesia

by Products type:

• Water-based/Solvent-free
• Solvent-based
• Powder Coatings
• UV-curable Coatings
• Others

by Application:

• Architectural/Decorative
• Industrial
• Automotive
• Wood Coatings
• Marine
• Packaging
• Aerospace
• Protective Coatings
• Others

key players include: (At least 8-10 companies included)

• Nippon Paint
• Akzo Nobel N.V.
• Kansai Paint Co., Ltd.
• Asian Paints
• Berger Paints
• Shalimar Paints
• Jotun
• DuluxGroup
• Chugoku Marine Paints
• SK Kaken Co., Ltd.
• Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

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• Key companies Paints & Coatings revenues in Asia Pacific market, 2019-2024 (Estimated), (D millions)
• Key companies Paints & Coatings revenues share in Asia Pacific market, 2023 (%)
• Key companies Paints & Coatings sales in Asia Pacific market, 2019-2024 (Estimated),
• Key companies Paints & Coatings sales share in Asia Pacific market, 2023 (%)

FAQs on the Asia Pacific Paints & Coatings Market (2024–2030)

1. What is the market size of the Asia Pacific paints & coatings industry in 2024?

• The Asia Pacific paints & coatings market was valued at USD 78.23 billion in 2024.

2. What is the projected market size by 2030?

• The market is expected to reach USD 106.47 billion by 2030.

3. What is the CAGR of the Asia Pacific paints & coatings market during 2024–2030?

• The market is forecasted to grow at a Compound Annual Growth Rate (CAGR) of 5.3% throughout the forecast period.

4. What are paints and coatings used for in the Asia Pacific region?

They are primarily used in:

• Construction and infrastructure (residential, commercial, industrial buildings)

• Automotive (vehicle surface coatings)

• Marine, aerospace, and industrial equipment

• Decorative and protective purposes

5. What factors are driving the growth of the Asia Pacific paints & coatings market?

• Rapid urbanization and construction boom

• Increasing automotive production

• Rising consumer demand for eco-friendly and water-based coatings

• Government initiatives for infrastructure development

Key Points of this Report:

• The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
• The report covers Asia Pacific and country-wise market of Paints & Coatings
• It describes present situation, historical background and future forecast
• Comprehensive data showing Paints & Coatings capacities, production, consumption, trade statistics, and prices in the recent years are provided
• The report indicates a wealth of information on Paints & Coatings manufacturers
• Paints & Coatings forecast for next five years, including market volumes and prices is also provided
• Raw Material Supply and Downstream Consumer Information is also included
• Any other user's requirements which is feasible for us

Reasons to Purchase this Report:

• Analyzing the outlook of the market with the recent trends and SWOT analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
• Distribution Channel sales Analysis by Value
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 1-year analyst support, along with the data support in excel format.