Market Size of Organic Coatings Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 93.93 Billion |
| Market Size (2029) | USD 112.31 Billion |
| CAGR (2024 - 2029) | 3.64 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Organic Coatings Market Analysis
The Organic Coatings Market size is estimated at USD 93.93 billion in 2024, and is expected to reach USD 112.31 billion by 2029, growing at a CAGR of 3.64% during the forecast period (2024-2029).
The market was negatively impacted by COVID-19 in 2020 due to restrictions on all industrial activities and disruptions in the supply chain. However, the sector has been recovering well since restrictions were lifted. The rise in the level of architectural activities is likely to positively impact the studied market.
- Over the short term, increasing usage of organic coatings in protective applications and the rising demand from the building and construction sector are some of the factors driving the market demand.
- The environmental concerns related to organic coatings and the availability of substitutes are the factors hindering the market's growth.
- The rising potential demand for eco-friendly organic coatings is likely to create opportunities for the market in the coming years.
- The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
Organic Coatings Industry Segmentation
An organic coating is formed from carbon-based polymeric chains derived from natural (vegetable or animal) or synthetic matter. These coatings are predominantly used to provide corrosion protection and improve a material's aesthetic characteristics.
The global organic coatings market is segmented by type, application, and geography. By type, the market is segmented into primers, topcoats, and other types. By application, the market is segmented into protective, marine, architectural, automotive, and other applications. The report also covers the sizes and forecasts for the organic coatings market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).
| Type | |
| Primers | |
| Topcoats | |
| Other Types |
| Application | |
| Protective | |
| Marine | |
| Architectural | |
| Automotive | |
| Other Applications |
| Geography | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
Organic Coatings Market Size Summary
The organic coatings market is poised for steady growth, driven by increasing demand from the building and construction sector, as well as protective applications. Despite the initial setbacks caused by the COVID-19 pandemic, the market has shown resilience and is on a recovery path. The Asia-Pacific region, particularly China and India, is expected to dominate the market, benefiting from robust construction activities and a burgeoning automotive industry. The demand for eco-friendly organic coatings is anticipated to create new opportunities, although environmental concerns and the availability of substitutes pose challenges to market expansion.
Architectural coatings, which serve both decorative and protective purposes, are a significant segment within the organic coatings market. The versatility of alkyd paints, especially long-oil alkyds, contributes to their widespread use in high-quality interior architectural applications. The market is partially consolidated, with major players like Sherwin-Williams, PPG Industries, and Akzo Nobel actively expanding their global presence through strategic acquisitions. These companies are focusing on enhancing their footprint in regions such as Africa and South America, aligning with the growing demand for organic coatings in various industrial applications.
Organic Coatings Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Increasing Usage in Protective Applications
-
1.1.2 Rising Demand From the Building and Construction Sector
-
-
1.2 Restraints
-
1.2.1 Environmental Concerns Related to Organic Coatings
-
1.2.2 Availability of Substitutes
-
-
1.3 Industry Value-Chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Buyers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION (Market Size in Revenue)
-
2.1 Type
-
2.1.1 Primers
-
2.1.2 Topcoats
-
2.1.3 Other Types
-
-
2.2 Application
-
2.2.1 Protective
-
2.2.2 Marine
-
2.2.3 Architectural
-
2.2.4 Automotive
-
2.2.5 Other Applications
-
-
2.3 Geography
-
2.3.1 Asia-Pacific
-
2.3.1.1 China
-
2.3.1.2 India
-
2.3.1.3 Japan
-
2.3.1.4 South Korea
-
2.3.1.5 Rest of Asia-Pacific
-
-
2.3.2 North America
-
2.3.2.1 United States
-
2.3.2.2 Canada
-
2.3.2.3 Mexico
-
-
2.3.3 Europe
-
2.3.3.1 Germany
-
2.3.3.2 United Kingdom
-
2.3.3.3 Italy
-
2.3.3.4 France
-
2.3.3.5 Rest of Europe
-
-
2.3.4 South America
-
2.3.4.1 Brazil
-
2.3.4.2 Argentina
-
2.3.4.3 Rest of South America
-
-
2.3.5 Middle East & Africa
-
2.3.5.1 Saudi Arabia
-
2.3.5.2 South Africa
-
2.3.5.3 Rest of Middle East & Africa
-
-
-
Organic Coatings Market Size FAQs
How big is the Organic Coatings Market?
The Organic Coatings Market size is expected to reach USD 93.93 billion in 2024 and grow at a CAGR of 3.64% to reach USD 112.31 billion by 2029.
What is the current Organic Coatings Market size?
In 2024, the Organic Coatings Market size is expected to reach USD 93.93 billion.
