Skip navigation
Reports & Analysis Custom Research Research Subscriptions
Sign In / Create Account Cart
Sign In / Create Account Cart
  • Reports & Analysis
  • Custom Research
  • Research Subscriptions

Resources

  • Press Releases
  • Blog
  • Resources & Downloads
  • Impact Tracker

The Freedonia Group

  • Contact
  • About
  • Our Staff
  • Help Center
  • Career Opportunities
Back to Press Releases

Global Architectural Paint Demand to Grow 2.5% Annually Through 2024

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:

  • The US is one of the world’s most intensive consumers of architectural paint; consequently, trends in the country’s construction sector have a substantial impact on the global paint market.
  • The most rapid gains in architectural paint demand will continue to occur among the world’s emerging markets, most prominently in Asia. Healthy expansion is projected for the massive Chinese and Indian markets due in part to growth in the residential repaint and remodel market.

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:

  • strict VOC regulations
  • technological advances that enable water-based paints to match or exceed the performance of solvent-based types in most applications
  • large DIY markets that prefer water-based paints for their low odor and ease of use

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.

About the Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.

Have unique research needs?

Freedonia Custom Research listens intently to your needs and objectives. Then we work diligently to define and deliver a service to meet them.
Learn About Our Custom Research Services

Subscribe to Our Blog

Stay up to date with the latest information about new market research and news in areas relevant to your business from our analysts and team members.

Freedonia Focus Blog Subscription

Provide the following details to subscribe.

  • Contact
  • About
  • Help Center
  • Career Opportunities
  • Press
  • User Agreement
  • Privacy Policy
  • Site Map
Facebook Linkedin Twitter

Additional Resources

  • Market Size Resources
  • Lawn Mowers Research
  • Global Lubricants Research
  • Global Paint & Coatings Research
  • Global Industrial Valves Research
  • Global Agricultural Equipment Research
  • Indoor Air Quality Equipment Research
  • Global Adhesives & Sealants Research
  • Hardscaping Products Research
  • Residential Landscaping Research
  • Food Packaging Research
  • Global Carpets & Rugs Research
  • Global Residential HVAC Research
Copyright © 2023 MarketResearch.com, Inc. All rights reserved.