The global paint market value is expected to exceed $176 billion by 2020.

According to a report by Persistence Market Research on the Global
Paint
and
Coatings
Markets - "Global Market Research on Paints and Coatings: Global Industrial Paints and Coatings Will Grow at the Fastest Rate by 2020" - by 2 By 2020, the global paint and coatings market capitalization will rise from $121.9 billion in 2013 to $176.5 billion, with CAGR (CAGR) of 5.5% in 2014-2022. The report also analyzes several factors driving growth in the global coatings industry in recent years.
reports that the construction market in developing countries is largely unsaturated. The growth of the local population has led to an increase in the demand for building materials, which in turn has contributed to the development of the paint and coating market. Population and per capita income growth are also major drivers of increased demand for automobiles and consumer goods. In addition, the use of metal materials has become more common in the past few years.
the report, the development of the coatings market also benefits from the development of private space. With the growth of the global population and core households, demand for new homes is also rising, and new homes are stimulating the paint and coatings market. At the same time, the development of the automotive and consumer goods market is also driving the development of the paint and coatings market. Rapidly advancing industrialization and the emerging home and end-use markets are driving the growth of the global paint and coatings industry.
analysis shows that the global paint and coatings market, Asia Pacific dominates, North America, Europe next. In developing countries such as Eastern Europe, the Middle East, Asia-Pacific and Latin America, new office and housing construction is in full swing, and future growth momentum will continue unabated.