Paint and Coatings Industry - Statistics & Facts

The global paint and coatings industry is a major subset of the international chemical industry. Coatings refer broadly to any type of covering that is applied to an object's surface for functional or decorative reasons, or both. Paints are a subset of coatings that are also used as a protective coating or as a decorative, colorful coating, or both. By 2022, the industry is expected to be valued at some 209.4 billion dollars globally. This is mainly driven by increasing demand in the construction industry, with the automotive, general industrial, coil, wood, aerospace, railing, and packaging coatings markets also driving demand growth.

The Asia-Pacific region constitutes the largest demand market, accounting for some 45 percent of the demand for paint and coatings worldwide. The region's commanding share of the market is expected to expand even further, driven by the continued population growth and urbanization in China and India. Architectural paints are one of the major demand areas of the global paints and coatings industry, which are used for decorative and protective purposes for various residential, commercial, industrial, and government buildings.

Research and development in the coatings industry for a variety of very specific applications is very active. To name just a few applications, nanocoatings, hydrophilic (water attracting) coatings, hydrophobic (water repellent) coatings, and antimicrobial coatings are all sub-segments of the industry.

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Paint and coatings industry - Important statistics

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