Regional Analysis

Paints And Coatings Market Regional Insights:

Asia Pacific held the largest share of over 43.0% in 2023. Significant growth of waterborne coating products in the region, along with swiftly rising demand for paint and coating materials, is boosting the market growth in the region.
North America is estimated to register a CAGR of 3.10%, in terms of revenue, from 2024 to 2031. The product sector in the region is anticipated to be the key factor for the market growth owing to the presence of some of the largest paints manufacturers including Akzo Nobel N.V and Asian Paints.
Europe is predicted to witness steady growth across the forecast period. Increasing construction activities and growing architecture sector across countries in Western Europe including Italy, the U.K., Germany, France, and Spain will positively influence the market growth in the region.

Figure 1. Global Paints and Coatings Market Share (%), By Region, 2024

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East: GCC Countries, Israel, and Rest of Middle East
Africa: South Africa, North Africa, and Central Africa