- mail us help@24marketresearch.com
- Int'l 1(332) 2424 294 (Int'l)
TOP CATEGORY: Chemicals & Materials | Life Sciences | Banking & Finance | ICT Media
The Asia Pacific Paint and Varnish market size was valued at US$ 71.85 billion in 2024 and is projected to reach US$ 97.23 billion by 2030, at a CAGR of 5.2% during the forecast period 2024-2030.
Paints and varnishes are liquid to semi-solid coatings applied to surfaces for decorative, protective, or functional purposes, used in various industries including construction, automotive, and furniture.
The Asia Pacific paint and varnish market is the largest globally, driven by rapid urbanization, infrastructure development, and growing disposable incomes. China dominates with a 45% market share, followed by India at 20% and Japan at 15%. In 2023, the architectural segment accounted for 55% of the market, with industrial coatings at 30% and wood finishes at 10%. The market experienced a 7% growth in demand for low-VOC and eco-friendly formulations. Key players include Nippon Paint Holdings Co., Ltd. (Japan) and Asian Paints Limited (India), holding a combined 30% market share in the region. The industry is investing heavily in smart coatings, with a 18% increase in R&D spending on self-healing and anti-microbial coatings in 2023. Challenges include raw material price volatility and stringent environmental regulations, leading to a 10% focus on developing water-based and powder coating technologies. The trend towards prefabricated construction has driven a 15% increase in demand for factory-applied coatings. The market is benefiting from the booming automotive sector in countries like Thailand and Indonesia, with a 12% rise in automotive refinish coating sales. The DIY segment saw significant growth, with a 20% increase in retail paint sales during the COVID-19 pandemic, a trend that has continued in many countries.
Report Includes
This report is an essential reference for who looks for detailed information on Asia Pacific Paint and Varnish . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Paint and Varnish , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.
This report aims to provide a comprehensive presentation of the Asia Pacific Paint and Varnish , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Paint and Varnish . This report contains market size and forecasts of Paint and Varnish in Asia Pacific, including the following market information:
We surveyed the Paint and Varnish manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
• China
• India
• Japan
• South Korea
• Australia
• Thailand
• Indonesia
• Vinyl and acrylic polymer based paints and varnishes (aqueous)
• Other polymer based paints and varnishes (aqueous)
• Polyester based paints and varnishes (non-aqueous)
• Vinyl and acrylic polymer based paints and varnishes (non-aqueous)
• Other polymer based paints and varnishes (non-aqueous)
• Other paints and varnishes
• Residential
• Commercial
• Others
• Nippon Paint Holdings Co., Ltd.
• Asian Paints Ltd.
• Kansai Paint Co. Ltd.
• Berger Paints India Ltd.
• DuluxGroup (Australia Pty Limited)
• Shalimar Paints Ltd.
• Chugoku Marine Paints, Ltd.
• Jotun A/S
• PT Mowilex Indonesia
• SK Kaken Co., Ltd.
Including or excluding key companies relevant to your analysis.
The report also provides analysis of leading market participants including:
• Key companies Paint and Varnish revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)
• Key companies Paint and Varnish revenues share in Asia Pacific market, 2023 (%)
• Key companies Paint and Varnish sales in Asia Pacific market, 2019-2024 (Estimated),
• Key companies Paint and Varnish sales share in Asia Pacific market, 2023 (%)
Key Points of this Report:
• The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
• The report covers Asia Pacific and country-wise market of Paint and Varnish
• It describes present situation, historical background and future forecast
• Comprehensive data showing Paint and Varnish capacities, production, consumption, trade statistics, and prices in the recent years are provided
• The report indicates a wealth of information on Paint and Varnish manufacturers
• Paint and Varnish forecast for next five years, including market volumes and prices is also provided
• Raw Material Supply and Downstream Consumer Information is also included
• Any other user's requirements which is feasible for us
Reasons to Purchase this Report:
• Analyzing the outlook of the market with the recent trends and SWOT analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
• Distribution Channel sales Analysis by Value
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 1-year analyst support, along with the data support in excel format.
1.1 Product Overview and Scope of Paint and Varnish
1.2.1 Asia Pacific Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Vinyl and acrylic polymer based paints and varnishes (aqueous)
1.2.3 Other polymer based paints and varnishes (aqueous)
1.2.4 Polyester based paints and varnishes (non-aqueous)
1.2.5 Vinyl and acrylic polymer based paints and varnishes (non-aqueous)
1.2.6 Other polymer based paints and varnishes (non-aqueous)
1.2.7 Other paints and varnishes
1.3.1 Asia Pacific Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Residential
1.3.3 Commercial
1.3.4 Others
1.4 Asia Pacific Market Growth Prospects
1.4.1 Asia Pacific Revenue Estimates and Forecasts (2019-2030)
1.4.2 Asia Pacific Production Estimates and Forecasts (2019-2030)
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis
2.1.3 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
3.1 Asia Pacific Production by Manufacturers (2019-2023)
3.2 Asia Pacific Revenue Market Share by Manufacturers (2019-2023)
3.3 Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Asia Pacific Average Price by Manufacturers (2019-2023)
3.5 Manufacturers Production Sites, Area Served, Product Type
3.6 Market Competitive Situation and Trends
3.6.1 Market Concentration Rate
3.6.2 Asia Pacific 5 and 10 Largest Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4.1 Asia Pacific Production
4.1.1 Asia Pacific Production YoY Growth Rate (2019-2023)
4.1.2 Asia Pacific Production, Revenue, Price and Gross Margin (2019-2024)
5.1 Asia Pacific
5.1.1 Asia Pacific Consumption by Country
5.1.2 Asia Pacific Sales, Consumption, Export, Import (2019-2023)
5.1.1 China
5.2.2 India
5.3.3 Japan
5.4.4 South Korea
5.5.5 Australia
5.6.6 Thailand
5.7.7 Indonesia
6.1 Asia Pacific Production Market Share by Type (2019-2024)
6.2 Asia Pacific Revenue Market Share by Type (2019-2024)
6.3 Asia Pacific Price by Type (2019-2024)
7.1 Asia Pacific Production Market Share by Application (2019-2024)
7.2 Asia Pacific Revenue Market Share by Application (2019-2024)
7.3 Asia Pacific Price by Application (2019-2024)
8.1 Nippon Paint Holdings Co., Ltd.
8.1.1 Nippon Paint Holdings Co., Ltd. Corporation Information
8.1.2 Nippon Paint Holdings Co., Ltd. Product Portfolio
8.1.3 Nippon Paint Holdings Co., Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.1.4 Nippon Paint Holdings Co., Ltd. Main Business and Markets Served
8.1.5 Nippon Paint Holdings Co., Ltd. Recent Developments/Updates
8.2 Asian Paints Ltd.
8.2.1 Asian Paints Ltd. Corporation Information
8.2.2 Asian Paints Ltd. Product Portfolio
8.2.3 Asian Paints Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.2.4 Asian Paints Ltd. Main Business and Markets Served
8.2.5 Asian Paints Ltd. Recent Developments/Updates
8.3 Kansai Paint Co. Ltd.
8.3.1 Kansai Paint Co. Ltd. Corporation Information
8.3.2 Kansai Paint Co. Ltd. Product Portfolio
8.3.3 Kansai Paint Co. Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.3.4 Kansai Paint Co. Ltd. Main Business and Markets Served
8.3.5 Kansai Paint Co. Ltd. Recent Developments/Updates
8.4 Berger Paints India Ltd.
8.4.1 Berger Paints India Ltd. Corporation Information
8.4.2 Berger Paints India Ltd. Product Portfolio
8.4.3 Berger Paints India Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.4.4 Berger Paints India Ltd. Main Business and Markets Served
8.4.5 Berger Paints India Ltd. Recent Developments/Updates
8.5 DuluxGroup (Australia Pty Limited)
8.5.1 DuluxGroup (Australia Pty Limited) Corporation Information
8.5.2 DuluxGroup (Australia Pty Limited) Product Portfolio
8.5.3 DuluxGroup (Australia Pty Limited) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.5.4 DuluxGroup (Australia Pty Limited) Main Business and Markets Served
8.5.5 DuluxGroup (Australia Pty Limited) Recent Developments/Updates
8.6 Shalimar Paints Ltd.
8.6.1 Shalimar Paints Ltd. Corporation Information
8.6.2 Shalimar Paints Ltd. Product Portfolio
8.6.3 Shalimar Paints Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.6.4 Shalimar Paints Ltd. Main Business and Markets Served
8.6.5 Shalimar Paints Ltd. Recent Developments/Updates
8.7 Chugoku Marine Paints, Ltd.
8.7.1 Chugoku Marine Paints, Ltd. Corporation Information
8.7.2 Chugoku Marine Paints, Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.7.3 Chugoku Marine Paints, Ltd. Main Business and Markets Served
8.7.4 Chugoku Marine Paints, Ltd. Recent Developments/Updates
8.8 Jotun A/S
8.8.1 Jotun A/S Corporation Information
8.8.2 Jotun A/S Product Portfolio
8.8.3 Jotun A/S Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.8.4 Jotun A/S Main Business and Markets Served
8.8.5 Jotun A/S Recent Developments/Updates
8.9 PT Mowilex Indonesia
8.9.1 PT Mowilex Indonesia Corporation Information
8.9.2 PT Mowilex Indonesia Product Portfolio
8.9.3 PT Mowilex Indonesia Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.9.4 PT Mowilex Indonesia Main Business and Markets Served
8.9.5 PT Mowilex Indonesia Recent Developments/Updates
8.10 SK Kaken Co., Ltd.
8.10.1 SK Kaken Co., Ltd. Corporation Information
8.10.2 SK Kaken Co., Ltd. Product Portfolio
8.10.3 SK Kaken Co., Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.10.4 SK Kaken Co., Ltd. Main Business and Markets Served
8.10.5 SK Kaken Co., Ltd. Recent Developments/Updates
9.1 Key Raw Materials Analysis
9.1.1 Key Raw Materials
9.1.2 Key Suppliers of Raw Materials
9.2 Proportion of Manufacturing Cost Structure
9.3 Manufacturing Process Analysis of Paint and Varnish
9.4 Industrial Chain Analysis
10.1 Marketing Channel
10.2 Distributors List
10.3 Customers
11.1 Industry Trends
11.2 Market Drivers
11.3 Market Challenges
11.4 Market Restraints
12.1 Asia Pacific Production, Revenue Forecast (2024-2030)
13.1 Asia Pacific Forecasted Consumption of by Country
14.1 Asia Pacific Production, Revenue and Price Forecast by Type (2024-2030)
14.1.1 Asia Pacific Forecasted Production of by Type (2024-2030)
14.1.2 Asia Pacific Forecasted Revenue of by Type (2024-2030)
14.1.3 Asia Pacific Forecasted Price of by Type (2024-2030)
14.2 Asia Pacific Production, Revenue and Price Forecast by Application (2024-2030)
14.2.1 Asia Pacific Forecasted Production of by Application (2024-2030)
14.2.2 Asia Pacific Forecasted Revenue of by Application (2024-2030)
14.2.3 Asia Pacific Forecasted Price of by Application (2024-2030)
16.1 Methodology/Research Approach
16.1.1 Research Programs/Design
16.1.2 Market Size Estimation
16.1.3 Market Breakdown and Data Triangulation
16.2 Data Source
16.2.1 Secondary Sources
16.2.2 Primary Sources
16.3 Author List
16.4 Disclaimer
17.1 Note
17.2 Examples of Clients
Frequently Asked Questions ?
