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The global paints and coatings market is estimated to be US$ 1,02,081.0 Mn in 2022 and is expected to reach US$ 1,69,439.4 Mn by 2031 at a CAGR of 5.8%.

Increased product usage in the construction, automotive, and general industries application sectors is likely to drive the market.

Rapid urbanisation and industrialisation in emerging countries such as India, China, and Southeast Asia are expected to drive product demand across a wide range of applications.

The interior segment of architectural paints and coatings is predicted to grow in response to rising spending on aesthetic appearance for both residential and commercial applications around the world.

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