21 Facts About Painting You Need to Know in 2025 (w/ Statistics + Infographic!)

Do you know the numbers on the U.S. painting industry? This article has a detailed infographic with the painting stats that matter in 2025!

a poster with a lot of different facts about painting on it
FAQs
How big is the painting industry?

The global painting industry, specifically the paints and coatings market, is substantial and projected to experience significant growth in the coming years. 

Current Valuation: The paints and coatings market was valued at approximately USD 198.34 billion in 2023 and is expected to grow to around USD 270.35 billion by 2032, with a compound annual growth rate (CAGR) of about 3.5% from 2024 to 2032.

Forecast for 2024: The market size is estimated to reach USD 153.36 billion in 2024, with projections indicating further growth to USD 187.39 billion by 2029, reflecting a CAGR of 4.09% during that period.

Asia Pacific Dominance: The Asia Pacific region is the largest market for paints and coatings, accounting for a significant share due to rapid urbanization, construction activities, and automotive production in countries like China and India.

Growth Drivers: The demand for paints and coatings is primarily driven by sectors such as architecture, automotive manufacturing, and industrial applications. The increasing focus on infrastructure development and residential construction in emerging economies is also a major factor contributing to market growth.

Overall, the painting industry, encapsulated within the broader paints and coatings market, is a robust sector with a current valuation nearing USD 200 billion and poised for continued expansion over the next decade. The trends indicate a strong demand driven by various industries, particularly in the Asia Pacific region, which remains a key player in this market’s growth trajectory.

What are the latest trends in paint technology?

The latest trends in paint technology are marked by innovative advancements that prioritize health, sustainability, and functionality. Here are some of the most significant developments:

Air-Purifying Paints

Health Benefits: Air-purifying paints are designed to actively improve indoor air quality by neutralizing harmful toxins and odors, including volatile organic compounds (VOCs) and carbon dioxide. Brands like Sherwin-Williams and ECOS are leading this trend, making homes healthier environments.

VOC-Free Paints

Environmental Impact: The rise of low- or no-VOC paints addresses concerns about indoor air quality and environmental safety. These paints minimize harmful chemical emissions, making them safer for both users and the environment. This trend is driven by stricter regulations and consumer demand for eco-friendly products.

Antibacterial and Antimicrobial Paints

Hygiene Focus: In response to heightened awareness of hygiene post-COVID-19, antibacterial and antimicrobial paints have gained popularity. These formulations can kill up to 99.9% of bacteria and viruses on surfaces, making them ideal for high-traffic areas like kitchens and bathrooms.

Sustainable Practices

Eco-Friendly Innovations: Sustainability is a central theme in paint technology, with a growing emphasis on water-based paints and reflective coatings that reduce energy consumption. Manufacturers are increasingly focusing on creating products that are less harmful to the environment while maintaining high performance.

Fast-Drying Paints

Efficiency: Fast-drying paints utilize advanced formulations to significantly reduce drying times. This innovation is beneficial for both interior and exterior applications, allowing for quicker project completion and reduced energy use for heating and ventilation.

Nanotechnology in Paints

Enhanced Performance: The incorporation of nanoparticles into paint formulations improves durability, UV resistance, and antibacterial properties. This technology enhances the overall performance of paints, making them more resilient to wear and tear.

Functional Coatings

Beyond Aesthetics: There is a shift towards functional coatings that offer additional benefits beyond color and finish. This includes coatings designed for specific applications in industries such as automotive, where stain-resistant or self-healing properties are increasingly sought after.

Automation in Production

Increased Efficiency: Automation is transforming the paint manufacturing process, improving consistency and reliability while reducing human error. Automated systems can optimize application techniques, ensuring a more uniform finish.

These trends reflect a broader movement towards health-conscious, environmentally friendly, and technologically advanced solutions in the painting industry, indicating a significant evolution in how paints are formulated and applied.

Which companies dominate the global paint market?

The global paint market is dominated by several key companies that lead in sales, innovation, and market share. Here are the main players in the industry:

1. Sherwin-Williams

  • Market Share: Approximately 11.33% of the global market.
  • Coatings Sales: Reported sales of $18.44 billion in 2023.
  • Overview: Founded in 1866, Sherwin-Williams is known for its extensive range of high-quality paints and coatings for residential, commercial, and industrial applications. The company has a strong focus on innovation and sustainability.

2. PPG Industries

  • Market Share: Approximately 11.33% of the global market.
  • Coatings Sales: Reported sales of $18.2 billion in 2023.
  • Overview: Established in 1883, PPG Industries began as a glass manufacturer and has since become a leading supplier of paints, coatings, and specialty materials across various industries, including automotive and aerospace.

3. AkzoNobel

  • Market Share: Significant presence in Europe and globally.
  • Coatings Sales: Reported sales of $11.77 billion in 2023.
  • Overview: A Dutch multinational company with roots dating back to the 17th century, AkzoNobel specializes in decorative paints and performance coatings, emphasizing sustainability and innovation.

4. Nippon Paint Holdings Co.

  • Market Share: Strong presence in Asia.
  • Coatings Sales: Reported sales of $10.2 billion in 2023.
  • Overview: Established in Japan in 1881, Nippon Paint is one of the largest paint manufacturers in Asia, known for its diverse product range catering to architectural, automotive, and industrial sectors.

5. RPM International Inc.

  • Coatings Sales: Reported sales of $7.3 billion in 2023.
  • Overview: Founded in 1947, RPM operates multiple subsidiaries that produce coatings, sealants, and building materials for various applications.

6. Axalta Coating Systems

  • Coatings Sales: Reported sales of $5.2 billion in 2023.
  • Overview: Specializing in coatings for the automotive sector as well as industrial applications, Axalta focuses on innovation and customer service.

7. BASF Coatings

  • Coatings Sales: Reported sales of $4.8 billion in 2023.
  • Overview: A major player in the chemical industry, BASF provides a wide range of coatings for various applications while emphasizing sustainability.

8. Kansai Paint Co., Ltd.

  • Coatings Sales: Reported sales of $3.71 billion in 2023.
  • Overview: Based in Japan, Kansai Paint is known for its extensive range of products for both industrial and decorative applications.

9. Asian Paints Limited

  • Coatings Sales: Reported sales of $3.56 billion in 2023.
  • Overview: The largest paint company in India, Asian Paints has a significant market share across Asia and offers a wide variety of decorative paints.

10. Jotun

  • Coatings Sales: Reported sales of $3.13 billion in 2023.
  • Overview: A Norwegian company known for its decorative paints and performance coatings for marine and protective applications.

These companies collectively represent a significant portion of the global paint market, with their innovations and product offerings shaping industry trends and consumer preferences worldwide.

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