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Report World - Paints and Varnishes - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

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

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Global Paint And Varnish Market 2025

Paint And Varnish Market Size

The global paint and varnish market fell slightly to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the global market remained at a somewhat lower figure.

Paint And Varnish Production

In value terms, paint and varnish production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 13% against the previous year. Over the period under review, global production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Paint And Varnish Exports

Exports

In 2022, the amount of paints and varnishes exported worldwide contracted to X tons, waning by -7.8% on 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 6% against the previous year. The global exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, paint and varnish exports declined modestly to $X in 2022. The total export value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, the exports reached the peak of $X, and then dropped slightly in the following year.

Exports by Country

In 2022, Germany (X tons), distantly followed by Italy (X tons), the Netherlands (X tons), France (X tons) and the UK (X tons) represented the main exporters of paints and varnishes, together generating 40% of total exports. China (X tons), Spain (X tons), Poland (X tons), Sweden (X tons), Turkey (X tons), the United States (X tons), Japan (X tons) and Belgium (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of +6.6%), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 36% share of global exports. Japan, the Netherlands, France, the UK, Spain, China, Belgium, Poland, Sweden and Turkey lagged somewhat behind, together comprising a further 39%.

Poland, with a CAGR of +7.5%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average paint and varnish export price amounted to $X per ton, surging by 6% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 an increase of 11%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.8%), while the other global leaders experienced more modest paces of growth.

Paint And Varnish Imports

Imports

In 2022, the amount of paints and varnishes imported worldwide fell to X tons, dropping by -6.8% on 2021. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 8.5%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, paint and varnish imports declined to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

The purchases of the twelve major importers of paints and varnishes, namely Germany, Canada, France, the Netherlands, Poland, Russia, China, Mexico, the UK, Belgium, Spain and Italy, represented more than third of total import. Turkey (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +5.0%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest paint and varnish importing markets worldwide were China ($X), Canada ($X) and Germany ($X), with a combined 16% share of global imports. France, Poland, Mexico, Italy, the Netherlands, Russia, Spain, the UK, Belgium and Turkey lagged somewhat behind, together comprising a further 31%.

Italy, with a CAGR of +5.6%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average paint and varnish import price amounted to $X per ton, rising by 7.3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 8.8%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China remains the largest paint and varnish consuming country worldwide, comprising approx. 32% of total volume. Moreover, paint and varnish consumption in China exceeded the figures recorded by the second-largest consumer, Brazil, threefold. The third position in this ranking was occupied by the United States, with an 8.6% share.
China remains the largest paint and varnish producing country worldwide, comprising approx. 32% of total volume. Moreover, paint and varnish production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. Brazil ranked third in terms of total production with a 9.1% share.
In value terms, Germany, the United States and Japan were the countries with the highest levels of exports in 2021, with a combined 36% share of global exports. Italy, the Netherlands, France, Belgium, the UK, Spain, Poland, China, Sweden and Turkey lagged somewhat behind, together accounting for a further 40%.
In value terms, the largest paint and varnish importing markets worldwide were China, Germany and Canada, with a combined 16% share of global imports. The United States, Poland, France, the Netherlands, Belgium, Russia, Spain, Mexico, the UK and South Korea lagged somewhat behind, together comprising a further 36%.
In 2021, the average paint and varnish export price amounted to $4,100 per ton, rising by 9.9% against the previous year.
The average paint and varnish import price stood at $4,128 per ton in 2021, surging by 10% against the previous year.

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 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 Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    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 Exports

    This Chapter is Available Only for the Professional Edition PRO
    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. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  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, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    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, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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