Paints & Coatings Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis
The paints & coatings market was estimated at USD 179.28 billion in 2022 and is likely to grow at a CAGR of 4.09% during 2023-2028 to reach USD 228.15 billion by 2028.
Market Drivers:
The prime factor contributing to the demand for paints & coatings is mainly the growing demand from end-use industries such as architectural, general industrial, protective, and automotive & transportation, which in turn, is driving the growth of the global paints & coatings market. The global population is experiencing rapid growth, particularly in urban areas, which is fueling the demand for housing, infrastructure, and transportation.