Construction Paints and Coatings Market Report 2025 (Global Edition)

Global Construction Paints and Coatings Market Report 2025 Market Size Split by Product Type (High Solids/Radiation Cured, Powder Coating, Water Borne, Solvent Borne, Others), by Application (Builders...

Construction Paints and Coatings Market Report Description

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Competitive Landscape of the Construction Paints and Coatings Market

The competitive landscape of the construction paints and coatings market is characterized by a wide range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Major players in the market are primarily concentrating on incorporating new features into their construction paints and coatings to expand the business experience.

In April 2023, Akzo Nobel N.V. completed the acquisition of Grupo Orbis, a Colombia-based paints and coatings company, strengthening its long-term position in Latin America. Present in ten countries in Central America, South America, and the Antilles, Grupo Orbis has shrunk revenue of approximately €360 million. (Source: https://www.akzonobel.com/en/media/latest-news---media-releases-/akzonobel-completes-grupo-orbis-acquisition-to-boost-investment-in-growth-in-latin-america) In December 2020, Jotun introduced its Jotacote Universal $120 primer in the West Europe and North East Asia industries. It was the first single-coat, solvent-free system to receive approval from the Performance Standards for Protective Coatings. Jotacote can be used all year. Where short drying times are needed, use a fresh building coating. (Source: https://www.jotun.com/ww-en/industries/news-and-stories/news/success-of-jotuns-solvent-free-coating-paves-way-for-global-launch)

Top Companies Market Share in Construction Paints and Coatings Industry: (In no particular order of Rank)

• Akzo Nobel N.V.
• Asian Paints
• Axalta Coating Systems
• BASF SE
• Berger Paints India Limited
• Deutsche Amphibolin-Werke Von Robert Murjahn Stiftung & Company
• Diamond Vogel Paints
• Helios Group
• KCC Corporation
• Masco Corporation
• Nippon Paint
• PPG Industries Inc.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Construction Paints and Coatings Market

Which Region Dominates the Construction Paints and Coatings Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the construction paints and coatings market due to the increasing need for eco-friendly and sustainable coatings and stringent regulatory standards for VOC emissions. Additionally, technological advancements in coatings formulation and application methods are shaping market growth. Growing investments in residential and commercial construction projects further contribute to market expansion. These dynamics are fueling innovation and competition among key players in the region, fostering a vibrant and evolving market landscape.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the construction paints and coatings market due to the rapid urbanization, infrastructure development, and increasing construction activities are bolstering demand for these products. Additionally, stringent regulations regarding environmental sustainability are pushing the adoption of eco-friendly and low-VOC paints and coatings.

 

The current report Scope analyzes Construction Paints and Coatings Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Construction Paints and Coatings

According to Cognitive Market Research, the global construction paints and coatings market size was estimated at USD 50251.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 20100.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031. In North America, the construction paints and coatings market is exhibiting due to increasing infrastructure development, urbanization, and renovation projects. Additionally, growing environmental concerns and stringent regulations promoting eco-friendly coatings contribute to market growth in the region. Segmentation analysis further highlights rising construction activities and infrastructure development. Powder coating, known for its durability and eco-friendliness, is increasingly preferred due to its superior performance and environmental benefits, contributing to market growth. In conclusion, North America presents a lucrative market opportunity for construction paints and coatings due to the development of infrastructure. With increasing demand for eco-friendly solutions, innovative products and sustainable practices are shaping the industry's future. According to Cognitive Market Research, the US had a major share in the construction paints and coatings market, with a market size of USD 15859.28 million in 2024. The market is projected to grow at a CAGR of 2.3% during the forecast period. The demand is amplified by the nation's growing desire for high-performance coatings. The Canadian construction paints and coatings market had a market share of USD 2412.06 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. Canada's stringent regulations promote sustainable solutions. The Mexico construction paints and coatings market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 1829.14 million in 2024.

Europe Construction Paints and Coatings

According to Cognitive Market Research, the global construction paints and coatings market size was estimated at USD 50251.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 15075.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.8% from 2024 to 2031. In Europe, the construction paints and coatings market presents stringent environmental regulations promoting eco-friendly formulations alongside rising demand for sustainable infrastructure. Increasing urbanization and renovation projects further propel growth, while technological advancements in water-based and low-VOC coatings cater to heightened consumer preferences for healthier indoor environments. Segmentation analysis further highlights the increasing demand for eco-friendly, low-VOC (volatile organic compound) products, stringent regulations promoting sustainable construction practices, and a growing emphasis on aesthetics and durability in housing projects. In conclusion, Europe represents a lucrative market for construction paints and coatings manufacturers, driven by innovation, sustainability, and stringent regulations. With growing environmental consciousness, manufacturers focus on eco-friendly solutions, ensuring a sustainable future for the industry. The United Kingdom's construction paints and coatings market had a market share of USD 2532.66 million in 2024 and is projected to grow at a CAGR of 3.6% during the forecast period. Due to the nation's increasing consumer demand, construction paints and coatings sales are witnessing an upswing. The France construction paints and coatings market is projected to witness growth at a CAGR of 2.0% during the forecast period with a market size of USD 1386.93 million in 2024. According to Cognitive Market Research, the German construction paints and coatings market size was valued at USD 2984.92 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. In Germany, the construction paints and coatings surged due to the presence of major market players. The Italian construction paints and coatings market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 1296.48 million in 2024. The Russian construction paints and coatings market is projected to witness growth at a CAGR of 1.8% during the forecast period, with a market size of USD 2336.68 million in 2024. The Spanish construction paints and coatings market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 1236.18 million in 2024. The Luxembourg construction paints and coatings market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 467.34 million in 2024. The Portugal construction paints and coatings market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 316.58 million in 2024. The Greece construction paints and coatings market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD 180.90 million in 2024. Rest of Europe's construction paints and coatings market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 2336.68 million in 2024.

Asia Pacific Construction Paints and Coatings

According to Cognitive Market Research, the global construction paints and coatings market size was estimated at USD 50251.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 11557.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031. In the Asia Pacific region, the construction paints and coatings market exhibits robust growth prospects driven by rapid urbanization, infrastructure development, and increasing construction activities. Growing demand for eco-friendly and durable coatings, coupled with stringent regulations on VOC emissions, further fuels market growth. Technological advancements and rising disposable income also contribute to market expansion. Segmentation analysis reveals rapid urbanization and infrastructure development, boosting demand for aesthetically pleasing and durable coatings. Additionally, stringent environmental regulations are fostering the adoption of eco-friendly formulations, spurring innovation and market growth. In conclusion, the Asia Pacific region presents immense growth opportunities, focusing on developing low or zero-volatile organic compounds (VOC) formulations to comply with stringent environmental regulations and meet consumer preferences for greener products. According to Cognitive Market Research, the China construction paints and coatings market was valued at USD 5201.00 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Construction paints and coatings sales surged in China due to the nation's innovations in formulations, such as low-VOC paints. The Japan construction paints and coatings market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 1594.97 million in 2024. The Indian construction paints and coatings market had a market share of USD 1386.93 million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period. India's technological deployments in the supply chain management process. The South Korean construction paints and coatings market is projected to grow at a CAGR of 5.4% during the forecast period, reaching a market size of USD 1155.78 million in 2024. The Australian construction paints and coatings market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 601.00 million in 2024. The South East Asia construction paints and coatings market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 797.49 million in 2024. The Rest of Asia Pacific construction paints and coatings market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 820.60 million in 2024.

South America Construction Paints and Coatings

According to Cognitive Market Research, the global construction paints and coatings market size was estimated at USD 50251.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 254.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031. In Latin America, the construction paints and coatings market showcases promising growth driven by the region's urbanization, infrastructural development, and increasing renovation activities. Growing environmental concerns have also led to a demand for eco-friendly coatings, while stringent regulations further drive innovation in the sector, fostering sustainable growth and market expansion in the region. Segmentation analysis reveals rising demand for sustainable and high-performance coatings in commercial projects fuels growth, alongside rising awareness of energy efficiency and aesthetic appeal, shaping market dynamics in the region. In conclusion, Latin America presents significant growth opportunities driven by increasing construction activities globally, offering significant opportunities for industry players. According to Cognitive Market Research, the Brazil construction paints and coatings market size was valued at USD 1075.38 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. Construction paints and coatings sales flourish in Brazil due to the nation's rising demand for sustainable and eco-friendly products. The Argentina construction paints and coatings market had a market share of USD 422.11 million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period. Argentina's increasing technological advancements are augmenting the demand. The Colombia construction paints and coatings market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 223.62 million in 2024. The Peru construction paints and coatings market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 206.03 million in 2024. The Chile construction paints and coatings market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 180.90 million in 2024. The Rest of Latin America construction paints and coatings market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 404.52 million in 2024.

Middle East and Africa Construction Paints and Coatings

According to Cognitive Market Research, the global construction paints and coatings market size was estimated at USD 50251.2 Million, out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1005.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031. The MEA Construction Paints and Coatings market showcases promising growth prospects driven by the region's burgeoning urbanization, infrastructural development, and a growing emphasis on sustainable building practices. Increased construction activities in the region contribute to the rising demand for innovative and durable coating solutions. Segmentation analysis reveals rapid urbanization, infrastructure development, and increasing demand for liquid coatings. These coatings offer durability, aesthetics, and protection, fueling growth in the region's construction sector. In conclusion, MEA presents significant growth opportunities for the Construction Paints and Coatings market, driven by a growing trend toward high-tech coatings containing cationic galvanic coating materials that cover all crevices and corners of diverse metal parts. The GCC Countries' construction paints and coatings market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 430.15 million in 2024. Construction Paints and Coatings sales flourish due to the region's significant investments. The Egypt construction paints and coatings market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 105.53 million in 2024. The South Africa construction paints and coatings market is projected to witness growth at a CAGR of 5.0% during the forecast period, reaching a market size of USD 158.79 million in 2024. Construction paints and coatings flourish in South Africa due to the region's rising urbanization and infrastructure development. The Turkey construction paints and coatings market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 86.43 million in 2024. The Nigeria construction paints and coatings market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD 105.53 million in 2024. The Rest of MEA construction paints and coatings market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 118.59 million in 2024.

Construction Paints and Coatings Market Analysis

Construction Paints and Coatings Market Product Type Segment Analysis

According to Cognitive Market Research, powder coating stands out as the dominating category due to the increasing demand for aesthetically pleasing, durable, and environmentally friendly coatings in the construction sector. Growing infrastructure projects worldwide, coupled with stringent regulations promoting eco-friendly products, propel market expansion. Additionally, advancements in powder coating technology, offering enhanced durability, corrosion resistance, and reduced environmental impact, contribute to market growth.

Solvent-borne emerges as the fastest-growing category. Solvent-borne coatings, despite environmental concerns, maintain market dominance due to their outstanding implementation characteristics, such as durability and resistance to harsh conditions. Additionally, their widespread use in industrial and commercial applications further fuels market growth.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Construction Paints and Coatings Industry. Request a Free Sample PDF!

Construction Paints and Coatings Market Application Segment Analysis

According to Cognitive Market Research, the residential category held the major market share due to increasing demand for aesthetically pleasing and durable finishes. Consumer preference for eco-friendly and low-VOC (volatile organic compound) products is also a significant driver, aligning with sustainability trends. Moreover, advancements in technology, such as self-cleaning and antimicrobial coatings, are enhancing product performance and attracting consumers seeking hassle-free maintenance.

The fastest-growing category in the construction paints and coatings market is commercial. Commercial sectors such as real estate, hospitality, and retail are major contributors to this growth, demanding high-quality, durable coatings for aesthetic appeal and protection. Additionally, environmental regulations promoting eco-friendly coatings further fuel market expansion, creating opportunities for sustainable solutions in the commercial construction sector.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Construction Paints and Coatings End User Segment Analysis

According to Cognitive Market Research, the dominating category is automotive & aviation, which, due to rising infrastructure projects globally, is poised for growth. In the automotive and aviation sectors, stringent regulatory requirements for corrosion protection and aesthetic appeal are major drivers. Innovations in eco-friendly formulations, durable coatings, and increased demand for customized solutions further propel market expansion, catering to the evolving needs of both industries.

The fastest-growing category in the construction paints and coatings market is medical & healthcare due to stringent regulations promoting environmentally friendly and sustainable coatings that are shaping the industry. Additionally, in the medical and healthcare sector, advancements in technology, demand for personalized medicine, and an aging population are key drivers influencing innovation and growth in treatments, diagnostics, and healthcare services.

• Medical & Healthcare
• Residential
• Automotive & Aviation
• Commercial
• Others

Construction Paints and Coatings Price Range Segment Analysis

According to Cognitive Market Research, the dominating category is economy due to rapid urbanization and infrastructure development. Additionally, technological advancements in coatings, growing environmental concerns leading to demand for eco-friendly products, and the revival of the global economy post-pandemic contribute to market expansion. The construction paints and coatings sector closely aligns with economic growth, exhibiting resilience and adaptability to market fluctuations.

The fastest-growing category in the construction paints and coatings market is premium due to rising infrastructure development, particularly in emerging economies, which fuels market growth. Premium quality coatings, offering durability, aesthetics, and environmental sustainability are in high demand, further propelling market expansion. This trend reflects the industry's shift towards advanced solutions meeting diverse architectural and functional requirements.

• Economy
• Premium

Construction Paints and Coatings Form Segment Analysis

According to Cognitive Market Research, the dominating category is dry due to rising construction activities worldwide, coupled with stringent environmental regulations promoting eco-friendly coatings, which are fueling the market growth. Additionally, advancements in technology leading to more durable and efficient coatings contribute to the expansion. This market thrives in dry conditions, ensuring optimal application and curing processes.

The fastest-growing category in the construction paints and coatings market is liquid. Liquid formulations dominate due to ease of application, versatility, and quick drying properties, catering to diverse architectural and industrial needs. This segment's growth is further propelled by innovations in eco-friendly and high-performance coatings.

• Liquid
• Dry

Construction Paints and Coatings Distribution Channel Segment Analysis

According to Cognitive Market Research, the dominating category is online due to increasing construction activities worldwide, coupled with growing demand for eco-friendly and durable coating solutions. Online distribution channels have emerged as a key driver, providing convenience, accessibility, and a wide range of product options for consumers, contractors, and businesses alike, facilitating efficient procurement processes in the industry.

The fastest-growing category in the construction paints and coatings market is offline. Offline distribution channels play a crucial role, with hardware stores, specialty paint shops, and construction supply outlets serving as key points of sale, offering convenience and personalized service to customers.

• Online
• Offline

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
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• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion