23 Jul, 2026
According to Straits Research, the global resins in paints and coatings market valued at $40.49 billion in 2025, is projected to grow from $42.37 billion in 2026 to $60.95 billion by 2034 at a CAGR of 4.65% during the forecast period 2026–2034.
Polymerized organic compounds can take the form of solid or highly viscous resins. They can originate in nature or be created in a lab. Various resins are used in the production of paints and coatings, especially those designed for outdoor use because they provide protection against hydrolysis, good weather resistance, excellent gloss, and color retention. In addition to being UV-resistant and transparent, a wide variety of colors can be added to coating solutions to make them look like glass.
The construction industry is the world's biggest consumer of paints and coatings. The sector alone is responsible for almost 40% of total consumption. The industry's demand for paints and coatings dramatically influences the demand for resins used in producing paints and coatings. According to Straits Research, over the next ten years, the global construction industry is expected to grow in real terms by an average of 3.2% per year, reaching a nominal value of more than USD 6.0 trillion. The construction market is expected to be the most significant and fastest-growing in the Asia-Pacific region. The rapid population growth in China and India will increase the demand for residential construction, which is expected to increase significantly. An increase in the use of architectural paints and coatings will likely fuel the market's demand for resins. The Asia-Pacific region's construction industry has been growing steadily in recent years due to rapidly expanding economies, rapid urbanization, and rising infrastructure spending.
Many companies have benefited financially from their harmful product reformulation efforts. Others have suffered significant market share losses due to their unwavering loyalty to environmentally dangerous conventional goods. Additionally, as consumers' awareness of sustainability and the environment increases, it is anticipated that organizations' commitment to reducing the environmental impact of their current and future product mixes will have a significant impact. As a result of the factors above, bio-based and environmentally friendly paints and coatings are expected to find a wide variety of uses, particularly in the construction industry.
Asia-Pacific is the highest revenue contributor and is anticipated to expand at a CAGR of 5.56% during the forecast period. China is well known for its manufacturing sector's industrialization and its demand for paints and coatings. Major industries in the country that use paints and coatings include construction, automotive, and industrial. China currently accounts for more than one-fourth of the global coatings market. The country's demographic makeup is also expected to support the growth in residential construction. Rising household incomes and an increase in the number of people moving from rural to urban areas are expected to drive the demand for residential buildings in the nation. It is anticipated that non-residential infrastructure will grow significantly. The country's aging population is driving the need for new hospitals and healthcare facilities. The structural changes in the Chinese economy over the past few years, which have seen the service sector account for a larger share of the GDP overall, have led to the construction of enormous commercial and office buildings. China's economy is primarily driven by developments in the residential and commercial construction sectors, supported by the country's expanding economy.
Europe is anticipated to grow at a CAGR of 4.31% during the forecast period. In terms of GDP consumption, Germany is the largest European country. In Germany, the manufacturing industry dominates the economy, making up 80 percent of all industrial output. It's no secret that Germany is one of Europe's leading paints and coatings manufacturers. There are several large corporations as well as hundreds of small and medium-sized businesses that produce paint and printing ink. Germany is one of the world's largest producers of paints and coatings, boasting some of the industry's top paint manufacturers, including BASF SE, Dow, Beckers Group, Brillux, Altana Chemie, Meffert, and Mankiewicz. The market demand for the country is anticipated to increase as a result. Germany has the most extensive construction market in all of Europe. The rise in new residential construction projects is primarily to blame for the nation's construction industry's gradual growth.
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