Asia Pacific Paints And Coatings Market By Component, By Formulation, By Resin Type, By Application, and Country Forecast 2021-2032
Report ID:27236
Published Date:Aug 2025
No of Pages:149
Format:
Asia Pacific Paints And Coatings Market size was valued at US$ 80.1 billion in 2025 and is expected to reach US$ 114.2 billion by 2032, growing at a significant CAGR of 5.2% from 2026-2032.
Study Period
2026-2032Base Year
2025CAGR
5.2%Largest Market
N/AFastest Growing Market
N/A|
Report Benchmarks |
Details |
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Report Study Period |
2026-2032 |
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Market CAGR |
5.2% |
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By Component |
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By Formulation |
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By Resin Type |
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Asia pacific paints and coatings market size was valued at US$ 76.1 billion in 2024 and is expected to reach US$ 108.5 billion by 2031, growing at a significant CAGR of 5.2%.
The report covers the market data: China, India, Japan, Australia & New Zealand.
The market key layers are Akzo Nobel NV, Asian Paints, Avian Brands, Axalta Coating Systems, BASF SE, Berger Paints India Limited, Boysen Paints, Davies Paints Philippines Inc.
Content Updated Date: Jan 2026
| 1.Executive Summary |
| 2. Asia Pacific Paints And Coatings Market Introduction |
| 2.1. Asia Pacific Paints And Coatings Market - Taxonomy |
| 2.2. Asia Pacific Paints And Coatings Market - Definitions |
| 2.2.1. By Component |
| 2.2.2. By Formulation |
| 2.2.3. By Resin Type |
| 2.2.4. By Country |
| 3. Asia Pacific Paints And 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 Paints And Coatings Market Analysis, 2020-2024 and Forecast 2025-2031 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Asia Pacific Paints And Coatings Market By Component, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 5.1. One Component, |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (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. Two Component and |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (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. Other Components |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (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 Paints And Coatings Market By Formulation, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 6.1. Water Borne |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (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. Solvent Borne |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (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. Powder Based |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (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 |
| 6.4. High Solids |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Powder Based |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Asia Pacific Paints And Coatings Market By Resin Type, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 7.1. Alkyd |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (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. Epoxy |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (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 |
| 7.3. Acrylic |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Polyurethane Polyester and Vinyl |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. and Other Resins |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. Asia Pacific Paints And Coatings Market By Country, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 8.1. China |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (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. India |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (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 |
| 8.3. Australia and New Zealand (ANZ) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Japan |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Rest of APAC |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.China Asia Pacific Paints And Coatings Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 9.1. Component Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.One Component, |
| 9.1.2.Two Component and |
| 9.1.3.Other Components |
| 9.2. Formulation Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Water Borne |
| 9.2.2.Solvent Borne |
| 9.2.3.Powder Based |
| 9.2.4.High Solids |
| 9.2.5.Powder Based |
| 9.3. Resin Type Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Alkyd |
| 9.3.2.Epoxy |
| 9.3.3.Acrylic |
| 9.3.4.Polyurethane Polyester and Vinyl |
| 9.3.5.and Other Resins |
| 10.India Paints And Coatings Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 10.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.One Component, |
| 10.1.2.Two Component and |
| 10.1.3.Other Components |
| 10.2. Formulation Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Water Borne |
| 10.2.2.Solvent Borne |
| 10.2.3.Powder Based |
| 10.2.4.High Solids |
| 10.2.5.Powder Based |
| 10.3. Resin Type Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Alkyd |
| 10.3.2.Epoxy |
| 10.3.3.Acrylic |
| 10.3.4.Polyurethane Polyester and Vinyl |
| 10.3.5.and Other Resins |
| 11.Australia and New Zealand (ANZ) Paints And Coatings Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 11.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.One Component, |
| 11.1.2.Two Component and |
| 11.1.3.Other Components |
| 11.2. Formulation Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Water Borne |
| 11.2.2.Solvent Borne |
| 11.2.3.Powder Based |
| 11.2.4.High Solids |
| 11.2.5.Powder Based |
| 11.3. Resin Type Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Alkyd |
| 11.3.2.Epoxy |
| 11.3.3.Acrylic |
| 11.3.4.Polyurethane Polyester and Vinyl |
| 11.3.5.and Other Resins |
| 12.Japan Paints And Coatings Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 12.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.One Component, |
| 12.1.2.Two Component and |
| 12.1.3.Other Components |
| 12.2. Formulation Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Water Borne |
| 12.2.2.Solvent Borne |
| 12.2.3.Powder Based |
| 12.2.4.High Solids |
| 12.2.5.Powder Based |
| 12.3. Resin Type Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Alkyd |
| 12.3.2.Epoxy |
| 12.3.3.Acrylic |
| 12.3.4.Polyurethane Polyester and Vinyl |
| 12.3.5.and Other Resins |
| 13.Rest of APAC Paints And Coatings Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 13.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.One Component, |
| 13.1.2.Two Component and |
| 13.1.3.Other Components |
| 13.2. Formulation Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Water Borne |
| 13.2.2.Solvent Borne |
| 13.2.3.Powder Based |
| 13.2.4.High Solids |
| 13.2.5.Powder Based |
| 13.3. Resin Type Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Alkyd |
| 13.3.2.Epoxy |
| 13.3.3.Acrylic |
| 13.3.4.Polyurethane Polyester and Vinyl |
| 13.3.5.and Other Resins |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Akzo Nobel NV |
| 14.2.2.Asian Paints |
| 14.2.3.Avian Brands |
| 14.2.4.Axalta Coating Systems |
| 14.2.5.BASF SE |
| 14.2.6.Berger Paints India Limited |
| 14.2.7.Boysen Paints |
| 14.2.8.Davies Paints Philippines Inc. |
| 15. Research Methodology |
| 16. 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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