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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
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:
The report also provides analysis of leading market participants including:
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?
2. What is the projected market size by 2030?
3. What is the CAGR of the Asia Pacific paints & coatings market during 2024–2030?
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:
Reasons to Purchase this Report:
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 ?
