GITNUXREPORT 2025

Coatings Industry Statistics

Global coatings market valued at $177 billion; Asia-Pacific leads demand growth.

Jannik Lindner

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Key Statistics

Statistic 1

The global coatings market was valued at approximately US$177 billion in 2022

Statistic 2

Architectural coatings represent around 60% of the total coatings market revenue

Statistic 3

The volume of automotive coatings market was about 4 million tonnes in 2022

Statistic 4

The bio-based coatings segment is projected to grow at a CAGR of 7.3% from 2022 to 2030

Statistic 5

The corrosion protection coatings segment holds approximately 35% of the coatings market

Statistic 6

The packaging industry accounted for roughly 15% of the global coatings market share in 2022

Statistic 7

The total coatings for marine vessels accounted for about 8% of the total coatings industry revenue in 2022

Statistic 8

The demand for anti-corrosion coatings in oil & gas pipelines is expected to grow globally at a CAGR of 6% through 2030

Statistic 9

The decorative coatings segment is projected to expand at a CAGR of 4.1% over the forecast period

Statistic 10

The industrial coatings segment accounted for roughly 30% of total coatings sales in 2022

Statistic 11

The total revenue from non-spray coatings processes constitutes around 40% of the global coatings industry

Statistic 12

The ceramic coating segment is anticipated to grow at a CAGR of 7% from 2022 to 2030

Statistic 13

The segment of coatings used for electronic devices is expected to see a CAGR of 5.5% through 2027

Statistic 14

The renewable and bio-based coatings market accounted for approximately 4.5% of the total coatings industry in 2022

Statistic 15

The global demand for coatings for architectural applications is expected to reach USD 85 billion by 2030

Statistic 16

The automotive OEM coatings segment held around 40% of the total automotive coatings market in 2022

Statistic 17

The eco-friendly and low-VOC coatings market is expected to grow at over 8% CAGR through 2030

Statistic 18

Protective coatings for industrial machinery are expected to grow at a CAGR of 5.8% from 2023 to 2030

Statistic 19

Solvent-based coatings still account for nearly 55% of the market, despite increased regulations

Statistic 20

The waterborne coatings segment is expected to expand at a CAGR of around 4.5% from 2022 to 2029

Statistic 21

The food and beverage packaging coatings market is projected to reach USD 5.2 billion by 2027

Statistic 22

UV-cured coatings are expected to grow at a CAGR of over 6% during 2023–2030

Statistic 23

The demand for powder coatings in furniture is projected to increase at a CAGR of 4.2% from 2022 to 2030

Statistic 24

The aerospace coatings market is forecasted to reach USD 1.3 billion by 2027, growing at a CAGR of 4.2%

Statistic 25

The nanocoatings segment is expected to grow at a CAGR of 13.3% from 2022 to 2028

Statistic 26

The global powder coatings market is expected to reach USD 13.86 billion by 2028, growing at a CAGR of 5.4%

Statistic 27

The demand for eco-friendly coatings has increased by approximately 25% globally between 2018 and 2022

Statistic 28

The market for fireproof coatings is expected to grow at a CAGR of 4.8% from 2023 to 2030

Statistic 29

The growing urbanization in developing countries is driving increased demand for durable coatings, especially in infrastructure projects

Statistic 30

The demand for anti-microbial coatings in healthcare applications is projected to grow at a CAGR of 12% between 2022 and 2028

Statistic 31

The coatings industry is projected to grow at a CAGR of 4% from 2023 to 2028

Statistic 32

The demand for eco-friendly powder coatings is rising by approximately 7% annually

Statistic 33

The global decorative paints segment is expected to reach USD 50 billion by 2025

Statistic 34

The global market for thermal barrier coatings in aerospace is expected to grow at a CAGR of 4.5% during 2023–2030

Statistic 35

Asia-Pacific accounted for over 44% of the global coatings demand in 2022

Statistic 36

China led the coatings market with a revenue share of approximately 28% in 2022

Statistic 37

Asia-Pacific's coatings market is valued at over US$78 billion in 2022

Statistic 38

Asia-Pacific's demand for industrial coatings is projected to grow at a CAGR of 4.4% through 2029

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Key Highlights

  • The global coatings market was valued at approximately US$177 billion in 2022
  • Asia-Pacific accounted for over 44% of the global coatings demand in 2022
  • Architectural coatings represent around 60% of the total coatings market revenue
  • The volume of automotive coatings market was about 4 million tonnes in 2022
  • The bio-based coatings segment is projected to grow at a CAGR of 7.3% from 2022 to 2030
  • The corrosion protection coatings segment holds approximately 35% of the coatings market
  • The eco-friendly and low-VOC coatings market is expected to grow at over 8% CAGR through 2030
  • The packaging industry accounted for roughly 15% of the global coatings market share in 2022
  • Protective coatings for industrial machinery are expected to grow at a CAGR of 5.8% from 2023 to 2030
  • China led the coatings market with a revenue share of approximately 28% in 2022
  • Solvent-based coatings still account for nearly 55% of the market, despite increased regulations
  • The waterborne coatings segment is expected to expand at a CAGR of around 4.5% from 2022 to 2029
  • The food and beverage packaging coatings market is projected to reach USD 5.2 billion by 2027

The coatings industry is riding a dynamic wave of innovation and growth, with a market valued at approximately $177 billion in 2022 and robust projections indicating continued expansion across sectors like automotive, aerospace, and eco-friendly solutions worldwide.

Market Segments and Applications

  • The global coatings market was valued at approximately US$177 billion in 2022
  • Architectural coatings represent around 60% of the total coatings market revenue
  • The volume of automotive coatings market was about 4 million tonnes in 2022
  • The bio-based coatings segment is projected to grow at a CAGR of 7.3% from 2022 to 2030
  • The corrosion protection coatings segment holds approximately 35% of the coatings market
  • The packaging industry accounted for roughly 15% of the global coatings market share in 2022
  • The total coatings for marine vessels accounted for about 8% of the total coatings industry revenue in 2022
  • The demand for anti-corrosion coatings in oil & gas pipelines is expected to grow globally at a CAGR of 6% through 2030
  • The decorative coatings segment is projected to expand at a CAGR of 4.1% over the forecast period
  • The industrial coatings segment accounted for roughly 30% of total coatings sales in 2022
  • The total revenue from non-spray coatings processes constitutes around 40% of the global coatings industry
  • The ceramic coating segment is anticipated to grow at a CAGR of 7% from 2022 to 2030
  • The segment of coatings used for electronic devices is expected to see a CAGR of 5.5% through 2027
  • The renewable and bio-based coatings market accounted for approximately 4.5% of the total coatings industry in 2022
  • The global demand for coatings for architectural applications is expected to reach USD 85 billion by 2030
  • The automotive OEM coatings segment held around 40% of the total automotive coatings market in 2022

Market Segments and Applications Interpretation

With the global coatings market valued at a hefty US$177 billion in 2022—dominated by architectural and automotive segments—it's clear that whether protecting pipelines from corrosion or beautifying electronic devices, industry insiders are painting a future where sustainability and innovation brush strokes blend to cover every surface.

Market Trends and Growth Drivers

  • The eco-friendly and low-VOC coatings market is expected to grow at over 8% CAGR through 2030
  • Protective coatings for industrial machinery are expected to grow at a CAGR of 5.8% from 2023 to 2030
  • Solvent-based coatings still account for nearly 55% of the market, despite increased regulations
  • The waterborne coatings segment is expected to expand at a CAGR of around 4.5% from 2022 to 2029
  • The food and beverage packaging coatings market is projected to reach USD 5.2 billion by 2027
  • UV-cured coatings are expected to grow at a CAGR of over 6% during 2023–2030
  • The demand for powder coatings in furniture is projected to increase at a CAGR of 4.2% from 2022 to 2030
  • The aerospace coatings market is forecasted to reach USD 1.3 billion by 2027, growing at a CAGR of 4.2%
  • The nanocoatings segment is expected to grow at a CAGR of 13.3% from 2022 to 2028
  • The global powder coatings market is expected to reach USD 13.86 billion by 2028, growing at a CAGR of 5.4%
  • The demand for eco-friendly coatings has increased by approximately 25% globally between 2018 and 2022
  • The market for fireproof coatings is expected to grow at a CAGR of 4.8% from 2023 to 2030
  • The growing urbanization in developing countries is driving increased demand for durable coatings, especially in infrastructure projects
  • The demand for anti-microbial coatings in healthcare applications is projected to grow at a CAGR of 12% between 2022 and 2028
  • The coatings industry is projected to grow at a CAGR of 4% from 2023 to 2028
  • The demand for eco-friendly powder coatings is rising by approximately 7% annually
  • The global decorative paints segment is expected to reach USD 50 billion by 2025
  • The global market for thermal barrier coatings in aerospace is expected to grow at a CAGR of 4.5% during 2023–2030

Market Trends and Growth Drivers Interpretation

As the coatings industry paints a future of eco-conscious growth, with green formulations surging over 8% annually, steady advances in protective, decorative, and specialized coatings—driven by urbanization and innovation—illustrate that in a world demanding durability and sustainability, it's clear that the only thing drying up is the market opportunity.

Regional Market Insights

  • Asia-Pacific accounted for over 44% of the global coatings demand in 2022
  • China led the coatings market with a revenue share of approximately 28% in 2022
  • Asia-Pacific's coatings market is valued at over US$78 billion in 2022
  • Asia-Pacific's demand for industrial coatings is projected to grow at a CAGR of 4.4% through 2029

Regional Market Insights Interpretation

With over 44% of the global coatings demand and China commanding nearly a third of that, Asia-Pacific's booming $78 billion market, buoyed by a steady 4.4% industrial coatings growth, signals not just color but a vibrant economic resilience—perhaps painting a future where the region's economic palette is ever more dominant.