Coating resins market set to hit EUR 53 billion by 2029
The global coating resins market is forecasted to grow steadily at a CAGR of 4.8%, with Europe maintaining its position as the second-largest market.
According to research firm Markets and Markets, the global coating resins market is expected to expand from EUR 42 billion in 2024 to EUR 53 billion by 2029, reflecting a compound annual growth rate (CAGR) of 4.8%. Growth is fuelled by surging infrastructure investments, increased purchasing power in emerging economies, and the drive for sustainable materials due to strict environmental regulations.
The architectural coatings segment remains the largest by value and volume, encompassing products like interior and exterior paints, sealers, primers, and varnishes. These coatings, integral to the construction sector, align closely with the industry’s anticipated EUR 8.3 trillion market growth in emerging economies by 2030.
Europe, the second-largest market for coating resins by volume in 2023, is poised for steady growth as the region recovers economically. Operating under the rigorous REACH regulatory framework, manufacturers face challenges such as reducing high-VOC-emitting resins. This has driven innovation in sustainable formulations, opening pathways for eco-friendly solutions. As technology advances and environmental concerns reshape market dynamics, the coating resins sector offers vast opportunities for innovation and development across regions.
