Construction Paints and Coatings Market to Hit USD 170.2 Billion by 2035
New York, Wednesday, 3 September 2025.
The construction paints and coatings market is forecasted to grow at a CAGR of 4.9%, reaching USD 170.2 billion by 2035, driven by infrastructure projects and demand for sustainable finishes.
Market Dynamics and Growth Drivers
The construction paints and coatings market is anticipated to expand significantly due to a combination of rising infrastructure projects and the growing demand for durable, aesthetically pleasing finishes. The market size, valued at USD 101.7 billion in 2024, is expected to reach USD 170.2 billion by 2035, with a CAGR of 4.9% over the forecast period [1]. This growth is largely driven by large-scale infrastructure projects, rapid urbanization, and heightened consumer preference for sustainable and low-VOC coatings [2].
Regional Insights and Market Leaders
The Asia Pacific region is poised to remain the fastest-growing hub for construction paints and coatings, bolstered by robust investments in urban infrastructure, smart city projects, and government initiatives promoting sustainable construction [1]. Leading global players such as Sherwin-Williams, PPG Industries, AkzoNobel, and Nippon Paints are expanding their portfolios with water-based solutions and sustainable formulations, while pursuing strategic mergers and acquisitions to strengthen their market presence [2].
Innovations in Paints and Coatings
Innovative products like decorative finishes, protective coatings, and advanced formulations—including antimicrobial, nanotechnology-based, and heat-reflective products—are increasingly being adopted. Polyurethane-based coatings are expected to retain dominance during the forecast period due to their high resilience and suitability across multiple end-use sectors [1][2].
Impact on Global Economy
The anticipated growth in the construction paints and coatings market is expected to have a positive ripple effect across global economies. As construction activities ramp up, stakeholders should prepare for shifts in demand patterns and potential supply chain disruptions. This growth will likely stimulate job creation and boost economic activities in associated sectors such as raw material supply and logistics [1].