Global Building Latex Paint Market Growth 2024-2030

Global Building Latex Paint Market Growth 2024-2030

Product Code:1241780

Published Date: Nov 29,2024

Pages: 143

Region: Global

Category: Chemical & Material

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The global Building Latex Paint market size is predicted to grow from US$ 16750 million in 2024 to US$ 22590 million in 2030; it is expected to grow at a CAGR of 5.1% from 2024 to 2030.

Latex Paint is a kind of water-based paint, which is prepared with synthetic resin lotion as the base material, pigments, fillers and various additives. It is also called synthetic resin lotion paint, which is a kind of organic paint. Any coating that uses water as a solvent or dispersion medium can be called water-based coating, including water-soluble coating, water diluted coating, and water dispersible coating (latex coating). Latex paint refers to a liquid material that can be applied to the surface of an object through a specific construction process. After drying and curing, it forms a strong and continuous solid coating with a certain strength, which has protective, decorative or other special functions for the coated object.

There are eight key factors that affect the development of the paint industry market: the overall sluggish global real estate market, weak manufacturing industry, persistent inflation, and financing difficulties; The increase in disposable income in developing countries has significantly driven the demand for high-end products in the short term, while the growth rate of demand for ordinary products is slow; Environmental and safety standards and regulations are becoming increasingly stringent; Paint products have been replaced by new materials in downstream areas, such as decorative panels in the field of building decoration and film materials in the industrial specialty field; Market segmentation is gradually becoming clear, and integration is accelerating. Global coating companies continue to integrate, and large coating companies have rapidly promoted mergers and acquisitions in recent years, gradually completing the layout of the global industrial chain; Consumers' awareness of product safety is rapidly increasing, and their demand for environmental and safety features is growing rapidly; The rapid development of intelligent manufacturing. The shortage of labor and rapid increase in labor costs are driving the application of intelligent manufacturing technologies such as automation and robotics, accelerating the development of industrial intelligence; The construction of supply chain security and the improvement of inventory management level effectively reduce logistics and bulk futures costs. The complex and ever-changing international situation brings hidden dangers to supply chain security, which should be taken seriously. The increase in global paint industry revenue in 2023 is mainly due to price increases, but the sales growth rate is slow. In 2023, the global demand for coatings is expected to be around 47 billion liters, with a market size of approximately 197 billion US dollars. It is projected to grow to 53 billion liters by 2027, with a compound annual growth rate of 3.1%. The market size is estimated to be around 247 billion US dollars, with a compound annual growth rate of 5.8%. The market is mainly concentrated in the Asia Pacific region, with growth rates much higher than other regions. The GDP growth of emerging countries is driving the per capita consumption growth of coatings. The Asia Pacific region has over 55% of the world's population, but only accounts for 32% of global GDP. The per capita demand for coatings will rapidly increase with the growth of regional GDP, and the potential for growth in the coatings market is enormous. Architectural decorative coatings account for over 40% of the global coatings market, approximately 25 billion liters, or a scale of 80 billion US dollars. It is predicted that by 2027, it will reach approximately 28 billion liters, with a production value scale of approximately 99 billion US dollars. The compound annual growth rates of production value and output are expected to be 2.9% and 5.2%, respectively; The global market production of original factory coatings in 2023 is 18 billion liters, with a scale of 81 billion US dollars. It is predicted that the global market production in 2027 will be 20 billion liters, with a compound annual growth rate of 4.7% for production and an expected scale of 100 billion US dollars. The compound annual growth rate for output value is 5.9%; The market size of special and protective coatings is expected to be 4.3 billion liters and 36 billion US dollars in 2023, and it is predicted that the market size will be 4.9 billion liters and 46 billion US dollars in 2027, with a compound annual growth rate of 5.6%.

LP Information, Inc. (LPI) ' newest research report, the “Building Latex Paint Industry Forecast” looks at past sales and reviews total world Building Latex Paint sales in 2023, providing a comprehensive analysis by region and market sector of projected Building Latex Paint sales for 2024 through 2030. With Building Latex Paint sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Building Latex Paint industry.

This Insight Report provides a comprehensive analysis of the global Building Latex Paint landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Building Latex Paint portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Building Latex Paint market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Building Latex Paint and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Building Latex Paint.

This report presents a comprehensive overview, market shares, and growth opportunities of Building Latex Paint market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Interior Wall Latex Paint
    Exterior Latex Paint

Segmentation by Application:
    Residential Building
    Commercial Building

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    PPG Industries
    Cloverdale Paint Inc
    AkzoNobel
    Alpina
    Hempel
    Kansai
    3M
    Nippon Paints
    VALSPAR
    Jotun
    Sherwin-Williams
    DuPont
    Rust-OLEUW9100
    Asia Cuanon
    3TREES
    Nichiyo
    Quandian
    HENAN WUYI CHEMISTRY INDUS

Key Questions Addressed in this Report
What is the 10-year outlook for the global Building Latex Paint market?
What factors are driving Building Latex Paint market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Building Latex Paint market opportunities vary by end market size?
How does Building Latex Paint break out by Type, by Application?