The global coatings market is estimated at approximately USD 191.4 billion in 2024, driven by sustained demand across construction, automotive, aerospace, packaging, and industrial equipment sectors. North America and Western Europe lead premium segments with advanced R&D, stringent VOC regulations in coatings, and OEM-integrated application systems, whereas Asia Pacific and Latin America focus on volume-driven formulations, competitive sourcing, and private-label penetration. Regional trends indicate North America coatings market trends, Europe decorative coatings demand, and Asia-Pacific industrial coatings growth, supported by accelerating infrastructure investments, rising EV adoption, and higher aerospace coatings consumption. Supply-side pressures include volatile resin and pigment prices, energy cost fluctuations, and trade frictions. Notably, the U.S. Geological Survey reports global titanium dioxide output exceeded 7.4 million metric tons in 2023, emphasizing pigment dependence. Eco-friendly/waterborne coatings manufacturing, specialty coatings growth, and rising coating equipment & machinery demand are key production trends shaping the market.
Coatings overview
Published by MMR Statistics Research Team, Updated