What are the latest figures on the emulsion paint market’s size and projected CAGR?
The emulsion paint market size has grown strongly in recent years. It will grow from $11.57 billion in 2024 to $12.27 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to stricter laws governing VOC emissions, economic conditions, architectural trends, growing consumer demand for eco-friendly and sustainable coatings, demographic shifts, and infrastructure development.
The emulsion paint market size is expected to see strong growth in the next few years. It will grow to $15.26 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to rising disposable income, rising awareness among consumers, a shift towards water-based paints, an increase in commercial space development activities, and improved lifestyle trends. Major trends in the forecast period include digitalization and e-commerce, rising partnerships, advanced application techniques, product innovation, and technological advancements.
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How have varous drivers impacted the growth of the emulsion paint market?
The rising real estate industry is expected to propel the growth of the emulsion paint market going forward. The real estate industry encompasses various activities related to buying, selling, renting, leasing, and developing property. It plays a significant role in the economy and is influenced by various factors such as demographics, economic conditions, government policies, and consumer preferences. The rise in real estate is increasing due to population growth, urbanization, economic development, infrastructure investment, and changing consumer preferences. Emulsion paint is widely used in real estate projects for interior and exterior applications and provides numerous benefits, including ease of application, rapid drying time, and a diverse selection of color choices. For instance, in February 2024, according to Eurostat, a Europe-based government agency, the average annual building production in the European Union and the euro region increased by 0.1% and 0.2%, respectively, compared to 2022. Therefore, rising real estate projects are driving the growth of the emulsion paint market.
What are the primary segments of the emulsion paint market?
The emulsion paint market covered in this report is segmented –
1) By Type: Interior Emulsion Paint, Water-Soluble Paint, Antifouling Emulsion Paint, Antimicrobial Emulsion Paint, Other Types
2) By Technology: Waterborne, Solvent borne
3) By Distribution Channel: Offline, Online
4) By Application: Household, Commercial Space, Administrative Space, Entertainment Space
Subsegments:
1) By Interior Emulsion Paint: Matte Finish Interior Paint, Satin Or Gloss Finish Interior Paint, Eggshell Finish Interior Paint
2) By Water-Soluble Paint: Acrylic Water-Soluble Paint, Latex-Based Water-Soluble Paint, Other Water-Soluble Paints
3) By Antifouling Emulsion Paint: Marine Antifouling Paints, Anti-Microbial Antifouling Paints, Eco-Friendly Antifouling Paints
4) By Antimicrobial Emulsion Paint: Paints With Silver Ions, Paints With Copper-Based Compounds, Other Antimicrobial Paints
5) By Other Types: Heat-Resistant Emulsion Paints, Fire-Retardant Emulsion Paints, Eco-Friendly Or Low VOC Emulsion Paints
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Which firms are leading the emulsion paint market?
Major companies operating in the emulsion paint market are BASF SE, The Sherwin-Williams Company, PPG Industries Inc., Sika AG, Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd., RPM International Inc., Axalta Coating Systems Ltd., Asian Paints Limited, Valspar Corporation, Kansai Paint Co. Ltd., Jotun Group, DAW SE, Tikkurila Oyj, Behr Process Corporation, Berger Paints India Limited, DuluxGroup Limited, Benjamin Moore & Co., Dunn-Edwards Corporation, TOA Group, The Diamond Vogel Paint Company, Pacific Paint Philippines Inc., Kelly-Moore Paint Company Inc., Crown Paints Limited, MRF Limited, Hempel A/S, Paint Library Ltd.
How will industry trends affect the trajectory of the emulsion paint market?
Major companies operating in the emulsion paint market are developing innovative products, such as acrylic polyol emulsions, to enhance performance and meet evolving consumer demands. Acrylic polyol emulsions are aqueous dispersions of acrylic polymers emulsified to form stable colloidal suspensions. For instance, in August 2022, Arkema S.A., a France-based company that manufactures specialty materials, launched SYNAQUA 9511, a new aqueous binder with improved performance that can be used to formulate industrial paints with lower-volatile organic compounds. This innovative waterborne binder offers a balanced blend of performance and sustainability, with low VOC levels (<150 g/l) compared to traditional solvent-borne acrylic polyols. Designed for use in 2K or 1K stoving systems, it serves as a sustainable alternative for formulators of polyurethane (P.U.) paints and coatings, suitable for topcoat and monocot applications on metal, plastic, glass, wood, and concrete flooring substrates.
Which geographic trends are shaping the emulsion paint market, and which region has the highest market share?
Asia-Pacific was the largest region in the emulsion paint market in 2023. The regions covered in the emulsion paint market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Emulsion Paint Market Report 2025 Offer?
The emulsion paint market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Emulsion paint is a water-based paint that combines pigments with acrylic or vinyl resins, providing a durable finish for interior and exterior walls. It is valued for its ease of application, low odor, quick drying time, and ability to provide a smooth, durable finish for interior and exterior surfaces.
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