In 2023, the global paints and coatings market was worth $206.56 billion. It's expected to grow steadily, reaching $217.36 billion in 2024 and climbing to $303.97 billion by 2032. This growth reflects an annual average increase of 4.5% over the forecast period. The global paints and coatings industry is undergoing rapid evolution, driven by technological advancements, regulatory changes, and shifting consumer preferences. It is segmented primarily by product type (waterborne, solventborne, powder coatings), materials (acrylic, polyurethane, epoxy, etc.), and applications across industries such as construction, automotive, and aerospace.
Informational Source:
https://www.fortunebusinessinsights.com/industry-reports/paints-and-coatings-market-101947
Major Key Companies Covered in Paints and Coatings Market are: