Asia Pacific Decorative Coatings Market Size, Share, Growth, Trends and Industry Analysis: By Resin Type, By Product Type, By Technology, By Application and Country Forecast 2020-2031
Asia Pacific Decorative Coatings Market size was valued at US$ 80.17 billion in 2024 and is expected to reach US$ 112.80 billion by 2031, growing at a significant CAGR of 5.0% from 2025-2031. Based on resin type, the market is segmented into acrylics, alkyds, and polyurethane. Acrylics segment is expected to dominate the market due to its peculiar characteristics such as resistance to chalking, optical clarity, resistance to sunlight, rigid with good strength, and excellent dimensional stability. The report studies the market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
Launch and development of innovative decorative coatings by the market players enables surge in the decorative coatings market demand over the forecast years. For instance, on June 2018, PPG Industries (U.S.) launched the new decorative coatings which has a wide range of application. Moreover, launch of newer products in various countries enables the growth of decorative coatings market over the forecast years.
Asia Pacific decorative coatings market report analyses the market in different countries of Asia Pacific. China accounted for major revenue share in Asia Pacific decorative coatings due to increased demand of decorative coatings from the growing population and emerging opportunities.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Market Size in 2024 |
US$ 80.17 billion |
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Market Size in 2031 |
US$ 112.80 billion |
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By Resin Type |
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By Products |
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By Technology |
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By Application |
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The Asia Pacific decorative coatings market size was valued at US$ 80.17 billion in 2024 and is projected to grow at a significant CAGR of 5.0% from 2025-2031.
The report covers the market data: China, India, Japan, Australia & New Zealand
The market key players are PPG Industries, AkzoNobel N.V., Sherwin-Williams Company, Asian Paints, Masco Corporation, Kansai Paints Co., Ltd
| 1.Executive Summary |
| 2.Asia Pacific Decorative Coatings Market Introduction |
| 2.1.Asia Pacific Decorative Coatings Market - Taxonomy |
| 2.2.Asia Pacific Decorative Coatings Market - Definitions |
| 2.2.1.Resin Type |
| 2.2.2.Products |
| 2.2.3.Technology |
| 2.2.4.Application |
| 2.2.5.Country |
| 3.Asia Pacific Decorative Coatings Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Asia Pacific Decorative Coatings Market Analysis, 2020-2024 and Forecast 2025-2031 |
| 4.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Asia Pacific Decorative Coatings Market By Resin Type, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 5.1. Acrylic |
| 5.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Alkyd |
| 5.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Polyurethane |
| 5.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Asia Pacific Decorative Coatings Market By Products, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 6.1. Emulsions |
| 6.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Enamel |
| 6.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Wood Coatings |
| 6.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Asia Pacific Decorative Coatings Market By Technology, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 7.1. Water Based |
| 7.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Solvent Based |
| 7.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8.Asia Pacific Decorative Coatings Market By Application, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 8.1. Residential |
| 8.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Non-Residential |
| 8.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 9.Asia Pacific Decorative Coatings Market By Country, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 9.1. China |
| 9.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. India |
| 9.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Australia and New Zealand (ANZ) |
| 9.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Japan |
| 9.4.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Rest of APAC |
| 9.5.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.China Decorative Coatings Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 10.1. Resin Type Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Acrylic |
| 10.1.2.Alkyd |
| 10.1.3.Polyurethane |
| 10.2. Products Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Emulsions |
| 10.2.2.Enamel |
| 10.2.3.Wood Coatings |
| 10.3. Technology Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Water Based |
| 10.3.2.Solvent Based |
| 10.4. Application Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Residential |
| 10.4.2.Non-Residential |
| 11.India Decorative Coatings Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 11.1. Resin Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Acrylic |
| 11.1.2.Alkyd |
| 11.1.3.Polyurethane |
| 11.2. Products Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Emulsions |
| 11.2.2.Enamel |
| 11.2.3.Wood Coatings |
| 11.3. Technology Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Water Based |
| 11.3.2.Solvent Based |
| 11.4. Application Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Residential |
| 11.4.2.Non-Residential |
| 12.Australia and New Zealand (ANZ) Decorative Coatings Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 12.1. Resin Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Acrylic |
| 12.1.2.Alkyd |
| 12.1.3.Polyurethane |
| 12.2. Products Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Emulsions |
| 12.2.2.Enamel |
| 12.2.3.Wood Coatings |
| 12.3. Technology Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Water Based |
| 12.3.2.Solvent Based |
| 12.4. Application Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Residential |
| 12.4.2.Non-Residential |
| 13.Japan Decorative Coatings Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 13.1. Resin Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Acrylic |
| 13.1.2.Alkyd |
| 13.1.3.Polyurethane |
| 13.2. Products Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Emulsions |
| 13.2.2.Enamel |
| 13.2.3.Wood Coatings |
| 13.3. Technology Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Water Based |
| 13.3.2.Solvent Based |
| 13.4. Application Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Residential |
| 13.4.2.Non-Residential |
| 14.Rest of APAC Decorative Coatings Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 14.1. Resin Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Acrylic |
| 14.1.2.Alkyd |
| 14.1.3.Polyurethane |
| 14.2. Products Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Emulsions |
| 14.2.2.Enamel |
| 14.2.3.Wood Coatings |
| 14.3. Technology Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Water Based |
| 14.3.2.Solvent Based |
| 14.4. Application Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Residential |
| 14.4.2.Non-Residential |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.PPG Industries |
| 15.2.2.AkzoNobel N.V. |
| 15.2.3.Sherwin-Williams Company |
| 15.2.4.Asian Paints |
| 15.2.5.Masco Corporation |
| 15.2.6.Kansai Paints Co., Ltd |
| 15.2.7.DuluxGroup Ltd |
| 15.2.8.Jotun A/S |
| 15.2.9.DAW SE |
| 15.2.10.Nippon Paint Co., Ltd |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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