Global Coatings Market Grows Steadily

According to the latest industry report released by Markets and Markets, the global coatings market is expected to grow from $194.5 billion in 2024 to $227.5 billion in 2029, with a compound annual growth rate of 3.2%.

From a regional perspective, the Asia-Pacific region has become one of the world's major coatings consumer markets. The report points out that the continued growth in demand for coatings in industries such as automobiles, packaging, construction, and electronics, as well as the rapid development of emerging economies such as China, India, Brazil, and Mexico, have jointly driven the expansion of the global coatings market.

In terms of product segments, the report predicts that acrylic resins will become the fastest-growing coating category. This type of resin is widely used in transparent coatings in the automotive industry due to its excellent performance. At the same time, epoxy resins are expected to occupy the largest share in the industrial paint and coatings market, and its application areas include adhesives, plastics, paints, coatings, primers, sealants, flooring and other building materials products.

It is worth noting that the application of fluoropolymers in the construction industry is becoming increasingly widespread. Among them, fluoropolymers such as polyvinylidene fluoride have been successfully used in the fields of architectural coatings and industrial coatings.