The architectural coatings market is valued at USD 89.6 billion in 2025. As per Fact.MR analysis, it will grow at a CAGR of 4.5% and reach USD 187.5 billion by 2035.The architectural coatings business developed steadily, fueled by Asia-Pacific urbanization, more stringent VOC rules, and increasing demand for sustainable products. Technology advancements, i.e., waterborne and UV-curable paint, have become popular, and mature industry refurbishment trends have maintained strong demand. Urbanization, green building technology, and continued innovation in sustainable paints will drive future growth.

In 2024, the industry made steady progress driven by different interrelated drivers across markets. Urbanization in the Asia-Pacific region, and more so in India and China, drove strong growth in new residential and commercial construction. The resultant higher construction activity naturally led to stronger demand for the product, primarily for new-build purposes. In the meantime, global regulatory pressure on volatile organic compounds (VOCs) grew.

Market Drivers

The global architectural coatings market is primarily driven by rapid urbanization, a boom in construction activities, and increasing consumer demand for sustainable and high-performance coatings. The rise in infrastructure development, particularly in emerging economies such as China, India, and Brazil, fuels the need for coatings in residential, commercial, and institutional buildings. Additionally, stringent regulations on volatile organic compound (VOC) emissions have accelerated the shift toward water-based and low-VOC coatings, boosting market growth. The growing inclination toward renovation, especially in developed countries, and the demand for a wider variety of durable, eco-friendly colors further propel the market.

 Key Takeaways from Market Study

• Global architectural coatings market to reach US$ 121,000 Mn by 2032.
• Water-based coatings segment is projected to account for a significant share, driven by environmental regulations and consumer preference for low-VOC products.
• Market in Asia Pacific to record a CAGR of approximately 5% over the forecast period of 2022-2032, led by rapid urbanization in China and India.
• Market in China forecast to reach a valuation of US$ 44.5 Bn by 2033, representing a significant share of the global paints and coatings industry.

•  “Rapid urbanization, coupled with increasing demand for sustainable and low-VOC coatings, is expected to drive robust growth in the architectural coatings market over the coming years,” says a Fact.MR analyst.

Winning Strategy

Key market players are focusing on developing eco-friendly and high-performance coatings to meet stringent environmental regulations and consumer demands. Companies are investing in research and development to create innovative products, such as low-VOC and zero-VOC paints, to cater to green building standards. Strategic acquisitions and expansions into emerging markets are also common strategies to boost market share.

For instance:

• In 2021, PPG Industries Inc. introduced PPG PITT-CHAR NX, an advanced passive fire-protection coating designed to prevent cracking and delamination during construction.
• Sherwin-Williams launched the Minwax performance series in 2021, featuring a revamped color palette and an interior stain design center to enhance consumer appeal

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global architectural coatings market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032. The study provides essential insights based on resin type (acrylic, alkyd, epoxy, polyurethane, others), technology (water-based, solvent-based, powder coatings), and application (residential, commercial, institutional), across six major regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).

Key Companies Profiled

• PPG Industries, Inc.
• The Sherwin-Williams Company
• Akzo Nobel N.V.
• Nippon Paint Holdings Co., Ltd.
• RPM International Inc.
• E. I. du Pont de Nemours and Company
• Kansai Paint Co.
• BASF SE

Industry News

In 2021, the architectural coatings market saw significant advancements with companies focusing on sustainable product development. For instance, regulatory bodies in various countries introduced stricter VOC emission standards, prompting manufacturers to shift toward water-based coatings. Over 90% of architectural coatings sold in the U.S. are now water-based, reflecting the industry’s commitment to sustainability. Additionally, the growing adoption of coatings for LEED-certified projects has further driven demand for low and zero-VOC products.

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