Market size in 2024 | US$ 78.23 billion |
Forecast Market size by 2030 | US$ 106.47 billion |
---|---|---|---|
Growth Rate | CAGR of 5.3% | Number of Pages | 205 Pages |
The Asia Pacific Paints & Coatings market size was valued at US$ 78.23 billion in 2024 and is projected to reach US$ 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
This report 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.
This report 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 . This report 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:
• China
• India
• Japan
• South Korea
• Australia
• Thailand
• Indonesia
• Water-based/Solvent-free
• Solvent-based
• Powder Coatings
• UV-curable Coatings
• Others
• Architectural/Decorative
• Industrial
• Automotive
• Wood Coatings
• Marine
• Packaging
• Aerospace
• Protective Coatings
• Others
• 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.
The report also provides analysis of leading market participants including:
• Key companies Paints & Coatings revenues in Asia Pacific market, 2019-2024 (Estimated), ($ 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 (%)
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.
Report Attributes | Report Details |
---|---|
Report Title | Asia Pacific Paints & Coatings Market Research Report 2024-2030 |
Market size in 2024 | US$ 78.23 billion |
Forecast Market size by 2030 | US$ 106.47 billion |
Growth Rate | CAGR of 5.3% |
Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
Base Year | 2023 |
Forecast Year | 2031 |
Number of Pages | 205 Pages |
Customization Available | Yes, the report can be customized as per your need. |
1.1 Product Overview and Scope of Paints & Coatings
1.2.1 Asia Pacific Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Water-based/Solvent-free
1.2.3 Solvent-based
1.2.4 Powder Coatings
1.2.5 UV-curable Coatings
1.2.6 Others
1.3.1 Asia Pacific Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Architectural/Decorative
1.3.3 Industrial
1.3.4 Automotive
1.3.5 Wood Coatings
1.3.6 Marine
1.3.7 Packaging
1.3.8 Aerospace
1.3.9 Protective Coatings
1.3.10 Others
1.4 Asia Pacific Market Growth Prospects
1.4.1 Asia Pacific Revenue Estimates and Forecasts (2019-2030)
1.4.2 Asia Pacific Production Estimates and Forecasts (2019-2030)
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis
2.1.3 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
3.1 Asia Pacific Production by Manufacturers (2019-2023)
3.2 Asia Pacific Revenue Market Share by Manufacturers (2019-2023)
3.3 Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Asia Pacific Average Price by Manufacturers (2019-2023)
3.5 Manufacturers Production Sites, Area Served, Product Type
3.6 Market Competitive Situation and Trends
3.6.1 Market Concentration Rate
3.6.2 Asia Pacific 5 and 10 Largest Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4.1 Asia Pacific Production
4.1.1 Asia Pacific Production YoY Growth Rate (2019-2023)
4.1.2 Asia Pacific Production, Revenue, Price and Gross Margin (2019-2024)
5.1 Asia Pacific
5.1.1 Asia Pacific Consumption by Country
5.1.2 Asia Pacific Sales, Consumption, Export, Import (2019-2023)
5.1.1 China
5.2.2 India
5.3.3 Japan
5.4.4 South Korea
5.5.5 Australia
5.6.6 Thailand
5.7.7 Indonesia
6.1 Asia Pacific Production Market Share by Type (2019-2024)
6.2 Asia Pacific Revenue Market Share by Type (2019-2024)
6.3 Asia Pacific Price by Type (2019-2024)
7.1 Asia Pacific Production Market Share by Application (2019-2024)
7.2 Asia Pacific Revenue Market Share by Application (2019-2024)
7.3 Asia Pacific Price by Application (2019-2024)
8.1 Nippon Paint
8.1.1 Nippon Paint Corporation Information
8.1.2 Nippon Paint Product Portfolio
8.1.3 Nippon Paint Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.1.4 Nippon Paint Main Business and Markets Served
8.1.5 Nippon Paint Recent Developments/Updates
8.2 Akzo Nobel N.V.
8.2.1 Akzo Nobel N.V. Corporation Information
8.2.2 Akzo Nobel N.V. Product Portfolio
8.2.3 Akzo Nobel N.V. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.2.4 Akzo Nobel N.V. Main Business and Markets Served
8.2.5 Akzo Nobel N.V. Recent Developments/Updates
8.3 Kansai Paint Co., Ltd.
8.3.1 Kansai Paint Co., Ltd. Corporation Information
8.3.2 Kansai Paint Co., Ltd. Product Portfolio
8.3.3 Kansai Paint Co., Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.3.4 Kansai Paint Co., Ltd. Main Business and Markets Served
8.3.5 Kansai Paint Co., Ltd. Recent Developments/Updates
8.4 Asian Paints
8.4.1 Asian Paints Corporation Information
8.4.2 Asian Paints Product Portfolio
8.4.3 Asian Paints Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.4.4 Asian Paints Main Business and Markets Served
8.4.5 Asian Paints Recent Developments/Updates
8.5 Berger Paints
8.5.1 Berger Paints Corporation Information
8.5.2 Berger Paints Product Portfolio
8.5.3 Berger Paints Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.5.4 Berger Paints Main Business and Markets Served
8.5.5 Berger Paints Recent Developments/Updates
8.6 Shalimar Paints
8.6.1 Shalimar Paints Corporation Information
8.6.2 Shalimar Paints Product Portfolio
8.6.3 Shalimar Paints Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.6.4 Shalimar Paints Main Business and Markets Served
8.6.5 Shalimar Paints Recent Developments/Updates
8.7 Jotun
8.7.1 Jotun Corporation Information
8.7.2 Jotun Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.7.3 Jotun Main Business and Markets Served
8.7.4 Jotun Recent Developments/Updates
8.8 DuluxGroup
8.8.1 DuluxGroup Corporation Information
8.8.2 DuluxGroup Product Portfolio
8.8.3 DuluxGroup Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.8.4 DuluxGroup Main Business and Markets Served
8.8.5 DuluxGroup Recent Developments/Updates
8.9 Chugoku Marine Paints
8.9.1 Chugoku Marine Paints Corporation Information
8.9.2 Chugoku Marine Paints Product Portfolio
8.9.3 Chugoku Marine Paints Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.9.4 Chugoku Marine Paints Main Business and Markets Served
8.9.5 Chugoku Marine Paints Recent Developments/Updates
8.10 SK Kaken Co., Ltd.
8.10.1 SK Kaken Co., Ltd. Corporation Information
8.10.2 SK Kaken Co., Ltd. Product Portfolio
8.10.3 SK Kaken Co., Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.10.4 SK Kaken Co., Ltd. Main Business and Markets Served
8.10.5 SK Kaken Co., Ltd. Recent Developments/Updates
9.1 Key Raw Materials Analysis
9.1.1 Key Raw Materials
9.1.2 Key Suppliers of Raw Materials
9.2 Proportion of Manufacturing Cost Structure
9.3 Manufacturing Process Analysis of Paints & Coatings
9.4 Industrial Chain Analysis
10.1 Marketing Channel
10.2 Distributors List
10.3 Customers
11.1 Industry Trends
11.2 Market Drivers
11.3 Market Challenges
11.4 Market Restraints
12.1 Asia Pacific Production, Revenue Forecast (2024-2030)
13.1 Asia Pacific Forecasted Consumption of by Country
14.1 Asia Pacific Production, Revenue and Price Forecast by Type (2024-2030)
14.1.1 Asia Pacific Forecasted Production of by Type (2024-2030)
14.1.2 Asia Pacific Forecasted Revenue of by Type (2024-2030)
14.1.3 Asia Pacific Forecasted Price of by Type (2024-2030)
14.2 Asia Pacific Production, Revenue and Price Forecast by Application (2024-2030)
14.2.1 Asia Pacific Forecasted Production of by Application (2024-2030)
14.2.2 Asia Pacific Forecasted Revenue of by Application (2024-2030)
14.2.3 Asia Pacific Forecasted Price of by Application (2024-2030)
16.1 Methodology/Research Approach
16.1.1 Research Programs/Design
16.1.2 Market Size Estimation
16.1.3 Market Breakdown and Data Triangulation
16.2 Data Source
16.2.1 Secondary Sources
16.2.2 Primary Sources
16.3 Author List
16.4 Disclaimer
17.1 Note
17.2 Examples of Clients
Frequently Asked Questions ?