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World - Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Jun 1, 2025

World - Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights

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Paint and varnish market

Paint and varnish market: enjoy newly released datasets empowered by an Ai-driven market research tool. Information contain exports, production, trade, imports, market size, companies, market prices, and consumption. Here is a breakdown by region, including Russia, the U.S., China, Africa, the Middle East, EU, the U.K., and Latin America. Market dynamics and outlook to 2030 are also featured in the dashboards.

Paint and Varnish - World's Largest Markets

RatingCountry
1China
2United States
3India
4Japan
5Iran

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by India.

In China, the paint and varnish market remained relatively stable over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+0.0% per year) and India (+0.1% per year).

Paint and Varnish Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Poland289828092682-3.8%
China331931603184-2.1%
Sweden381137373493-4.3%
Spain357535553526-0.7%
United Kingdom375336643544-2.8%
France409941553676-5.3%
United States529654403745-15.9%
Italy391338523873-0.5%
Netherlands3968397342363.3%
Germany447443284278-2.2%
South Korea4776493952424.8%
Belgium4946492657117.5%
Japan5710607265517.1%
Average386738393721-1.9%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Japan ($6,551 per ton), while Poland ($2,682 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
China5178695061158.7%
United States697976276005-7.2%
Mexico655261684636-15.9%
Canada4160429941600.0%
Germany405739633959-1.2%
Belgium395238063929-0.3%
Poland3697373438091.5%
Netherlands381636563657-2.1%
Spain405743283606-5.7%
France383738273487-4.7%
Russia356033963357-2.9%
United Kingdom320533853053-2.4%
South Korea308030952911-2.8%
Average367537023590-1.2%

Prices varied noticeably by the country of destination; the country with the highest price was China ($6,115 per ton), while South Korea ($2,911 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Paint and Varnish - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
China1.11.21.28.0%
Germany1.21.11.1-5.6%
Canada1.11.11-0.9%
United States110.9-2.9%
Poland0.80.90.92.3%

In value terms, the largest paint and varnish importing markets worldwide were China ($1.2B), Germany ($1.1B) and Canada ($1B), together accounting for 16% of global imports. These countries were followed by the United States, Poland, Belgium, France, the Netherlands, Russia, Mexico, the UK, Spain and South Korea, which together accounted for a further 35%.

Among the main importing countries, Belgium recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Paint and Varnish - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Germany3.93.73.6-3.3%
United States2.42.42.2-4.7%
Japan1.91.920.4%
Italy1.61.61.6-1.9%
Netherlands1.111.10.1%

In value terms, the largest paint and varnish supplying countries worldwide were Germany ($3.6B), the United States ($2.2B) and Japan ($2B), together comprising 37% of global exports. Italy, the Netherlands, France, Belgium, the UK, Spain, China, South Korea, Poland and Sweden lagged somewhat behind, together comprising a further 40%.

Among the main exporting countries, Belgium saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Paint and Varnish - Market Forecast

Driven by increasing demand for paint and varnish worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Paint and Varnish - Product Coverage

  • HS 320910 - Paints and varnishes; based on acrylic or vinyl polymers, dispersed or dissolved in an aqueous medium
  • HS 320990 - Paints and varnishes; (based on polymers other than acrylic or vinyl), dispersed or dissolved in an aqueous medium
  • HS 320810 - Paints and varnishes; based on polyesters, dispersed or dissolved in a non-aqueous medium
  • HS 320820 - Paints and varnishes; based on acrylic or vinyl polymers, dispersed or dissolved in a non-aqueous medium
  • HS 320890 - Paints and varnishes; based on polymers n.e.s. in heading no. 3208, dispersed or dissolved in a non-aqueous medium
  • HS 3210 - Paints and varnishes (including enamels, lacquers and distempers), excluding those of heading no. 3209, prepared water pigments of a kind used for finishing leather

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global paint and varnish market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20301150 - Paints and varnishes, based on acrylic or vinyl polymers dispersed or dissolved in an aqueous medium (including enamels and lacquers)
  • Prodcom 20301170 - Other paints, varnishes dispersed or dissolved in an aqueous medium
  • Prodcom 20301225 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium, weight of the solvent > .50 % of the weight of the solution including enamels and lacquers
  • Prodcom 20301229 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium including enamels and lacquers excluding weight of the solvent > .50 % of the weight of the solution
  • Prodcom 20301230 - Paints and varnishes, based on acrylic or vinyl polymers dispersed/dissolved in non-aqueous medium, weight of the solvent > .50 % of the solution weight including enamels and lacquers
  • Prodcom 20301250 - Other paints and varnishes based on acrylic or vinyl polymers
  • Prodcom 20301270 - Paints and varnishes: solutions n.e.c.
  • Prodcom 20301290 - Other paints and varnishes based on synthetic polymers n.e.c.
  • Prodcom 20302213 - Oil paints and varnishes (including enamels and lacquers)
  • Prodcom 20302215 - Prepared water pigments for finishing leather, paints and varnishes (including enamels, lacquers and distempers) (excluding of oil)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Akzo Nobel, BASF, Jotun, Hempel, Daw, Beckers Group, Tikkurila, Brillux, Cromology, Meffert, Teknos, Mankiewicz, Tiger Coatings, Betek Boya, Flügger Group, Wörwag, J.W. Ostendorf, Corporação Industrial do Norte, Yasar, Grebe Holding, Frei Lacke, Sniezka, Industrias Titan, ICA, Kayalar Kimya

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. CONSUMPTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. PRODUCTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption, by Country, 2022–2024
    5. Production, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Imports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Imports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Import Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    9. Exports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    10. Exports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    11. Export Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Consumption, by Country, 2024
    4. Market Volume Forecast to 2035
    5. Market Value Forecast to 2035
    6. Market Size and Growth, By Product
    7. Average Per Capita Consumption, By Product
    8. Exports and Growth, By Product
    9. Export Prices and Growth, By Product
    10. Production Volume and Growth
    11. Exports and Growth
    12. Export Prices and Growth
    13. Market Size and Growth
    14. Per Capita Consumption
    15. Imports and Growth
    16. Import Prices
    17. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    18. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    19. Production, by Country, 2024
    20. Production, In Physical Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
    21. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    26. Import Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    27. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    28. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    32. Export Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
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Akzo Nobel Announces Major Restructuring with Job Cuts and Site Closures
Jan 29, 2025
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Akzo Nobel announces 2,200 job cuts and site closures by 2025 as part of a major restructuring plan aimed at achieving significant savings.
Top Import Markets for Paints and Varnishes
Jan 26, 2024
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Explore the top import markets for paint and varnish worldwide, including China, Canada, Germany, and more. Discover key statistics, import values, and growth potential. Leverage the IndexBox market intelligence platform for in-depth analysis and insights.
Which Country Imports the Most Paints and Varnishes in the World?
May 28, 2018
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Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
Which Country Exports the Most Paints and Varnishes in the World?
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Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
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Discover the top import markets for aqueous paint and varnish in the world. Explore key statistics and trends in the global trade of these products.
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