by Corinne Gangloff
May 17, 2021
World demand for architectural paint is forecast to advance 2.5% per year through 2024 to 33.8 million metric tons:
Global Architectural Paint is now available from the Freedonia Group.
Water-based paints have largely penetrated the global architectural paint market, representing 77% of total demand in 2019. Water-based paints account for the larger share of demand in developed regions due to:
However, even in developing regions where regulations are not as strict, water-based paints still account for the vast majority of demand for architectural paint, usually reflecting the presence of major Western-based paint companies. Market leading firms often offer low-VOC products worldwide. For example, water-based paints account for over three-quarters of architectural paint demand in China, Brazil, and Turkey.
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