The global nylon market size was valued at USD 31.09 billion in 2023 and is projected to grow from USD 32.64 billion in 2024 to USD 48.86 billion by 2032, exhibiting a CAGR of 5.1% during the forecast period. Polyamide, also known as nylon, is a versatile polymer used in various industries for its wide range of applications. It is produced through the polymerization of caprolactam or adipic acid & hexamethylene diamine. Companies in the industry, such as Invista, are investing in expanding their production capacities to meet the growing demand and enhance their manufacturing processes.
Nylon is a type of polymer that is produced by the reaction between carbon-based chemicals that are usually found in petroleum and coal under high pressure. It is widely adopted to manufacture plastic machine parts and electronics owing to its high tensile strength, non-conductivity, heat resistance, and low-cost properties. Additionally, it is used for manufacturing bolts, screws, nuts, and washers in the automotive industry across the globe.
Fortune Business Insights presents this information in their report titled "Global Nylon Market, 2025–2032."
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Segments:
Versatility of Nylon 6 Fibers in Textile Applications Spur’s Market Growth
By type, the market is segmented into Nylon 6 (resin, fiber) and Nylon 6,6 (resin, fiber). Nylon 6 fibers dominate the global market for their strong adoption in the textile industry, offering excellent mechanical strength and wear resistance for various webbing products.
Automotive Sector's Strong Demand for Resins and Fibers Propel Segmental Growth
By application, the market is segregated into automotive, electrical & electronics, appliances, film & coatings, wire & cables, consumer, industrial & machinery, and others.
The automotive segment held the largest nylon market share in 2022, driven by the extensive use of polyamide resin and fibers in various automobile applications such as airbags, injection molded components, and tire cords. From the regional ground, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The research report presents a comprehensive market examination, emphasizing crucial elements, including the competitive environment, distribution channels, and prominent product categories. Furthermore, the report provides valuable observations on market trends and significant industry advancements. Apart from the aforementioned factors, the report encompasses numerous variables that have bolstered market expansion in recent times.
Drivers and Restraints:
Polyamide's Versatility and Performance Drive its Adoption in the Automotive Industry
The automotive industry extensively utilizes polyamide due to its favorable properties such as workability, strength, and toughness. It can be easily molded and extruded to manufacture various auto parts, and its high-temperature and chemical resistance make it suitable for harsh environments. The lightweight nature of polyamide components improves the efficiency of conventional vehicles, which aligns with the growing emphasis on fuel economy and environmental concerns.
However, the nylon market growth may be stifled by stringent regulations aimed at reducing harmful impacts to the environment.
Regional Insights:
Asia Pacific Emerges as Dominant Market Fueled by Automotive and Packaging Industries
Asia Pacific is expected to remain the dominant market for polyamide, driven by the growing demand in automotive and packaging applications, especially in emerging economies such as China and India.
North America, a major producer of polyamide, is primarily driven by the automotive industry, with the U.S. experiencing a significant growth in electric vehicle sales, expected to continue in the projected timeframe.
Competitive Landscape:
Industry Players Expand Production Capacities amidst Changing Geopolitical Dynamics and Trade Policies
The global market is currently facing an oversupply situation due to the abundance of installed capacities, prompting key industry players to expand their production capabilities. However, the market growth is hindered by price volatility, which can be partially mitigated through pricing contracts with customers, and by the impact of changing geopolitical dynamics and trade policies on the supply chain.
List of the Companies Profiled in the Market:
- DuPont (U.S.)
- BASF SE (Germany)
- Lanxess AG (Germany)
- Nylon Corporation of America, Inc. (NYCOA) (U.S.)
- Shenma Industrial (China)
- Ascend (Thailand)
- Domo Chemicals (Belgium)
- Radici Partecipazioni SpA (Italy)
- Invista (U.S.)
- DSM (The Netherlands)
- Formosa Group (Taiwan)
- SINOPEC (China)
- Ube Industries (Japan)
- LIBOLON (Japan)
- ZIG SHENG INDUSTRIAL CO., LTD. (Taiwan)
- Other
Industry Development:
- April 2023: Microwave Chemical and Asahi Kasei together launched a demonstration project for the commercialization of the chemical recycling process for Nylon 66 using microwave technology.
- April 2023: Tire and nylon manufacturing company Kordsa announced to invest USD 50 million for the expansion of its nylon production at its Chattanooga plant. The move is anticipated to enable the company to meet the rising demand from the automotive industry.
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The global concrete blocks and bricks market size was valued at USD 350.80 billion in 2021. The market is projected to grow from USD 369.66 billion in 2022 to USD 566.41 billion by 2029, exhibiting a CAGR of 6.3% during the forecast period. Concrete blocks and bricks are used in commercial, residential, and industrial construction. The product offers thermal resistance and other various advantages if certain parameters are followed. Fortune Business Insights presents this information in its report titled “ Concrete Blocks and Bricks Market, 2025-2032."
Concrete blocks and bricks are widely used in residential, commercial, and industrial construction due to their thermal resistance, durability, and cost-effectiveness. They enable faster, stronger, and more systematic construction compared to plasterboard walls and are also used for fireplaces, chimneys, and non-bearing walls, offering high compressive strength and eco-friendly benefits.
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Segments:
By Type, Cement Blocks to Gain Demand through 2029
On the basis of type, the market is segmented into cement block (hollow, fully solid, cellular) and brick (clay, fly ash clay, sand lime and others). Bricks are the oldest construction material and they are cheaper compared to other bricks. Fly ash clay bricks are highly improved, well quality bricks that are preferred over normal clay bricks. Concrete blocks are versatile and due to their wide variety of appearance, they are used heavily. These blocks are also called as Concrete Masonry Unit (CMU) or cinder blocks. Concrete blocks do not absorb heat so they require less insulation compared to other construction materials.
By Application, Residential Segment to Gain Traction over 2022-2029
In terms of application, the market is divided into residential, commercial, and institutional. Out of these, the residential segment is expected to grow. With increasing population, demand for renovation in urban areas and people opting to have nuclear families are likely to grow the market share. Additionally, governments worldwide have developed programs that are aimed at designing and building using resources that align with the concept of green construction.
Report Coverage:
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints :
Expansion of the Market due to Wider Concrete Blocks and Bricks Applications
The concrete blocks and bricks market growth is primarily driven by autoclaved aerated blocks and bricks. The blocks and bricks provide aesthetic appeal and strong architectural structure. The demand for autoclaved aerated blocks has increased significantly worldwide due to modular design. In modular building, the sections are assembled on site and built offsite. This fast pace approach increases the demand for the product.
However, manufacturing these products emits toxic gases. Most concrete blocks are manufactured out of Portland cement, which results in massive amount of carbon dioxide (CO2) emission, further resulting in soil, water, and air pollution.
Regional Insights :
Asia Pacific Registered Highest Market Share in 2021 due to Growing Infrastructure and Rising Population
The Asia Pacific market grew exponentially due to rise in population and growing infrastructure. China and India are the most populous in this region. Demand for apartments, bungalows, and buildings is pushing forward the market growth. Therefore, this results in the rising number of manufacturers of construction materials such as cement blocks and bricks.
North America accounted for a significant concrete blocks and bricks market share. Countries in the U.S. have greater per capita income. This leads to pressure on manufacturers to provide high-quality construction materials.
Competitive Landscape:
Leading Players Developing Newer Technologies to Stay Competitive
Constant R&D activities and providing improved material to industry keep the major players to stay relevant and dominate the market. This also keeps a leading edge over other companies to their different offerings and improved proprietary types. Brickworks Limited, Midwest Block, and Brick and Monaprest are some of the leading concrete blocks and bricks companies.
Key Industry Development:
- April 2022 - Brickworks Limited announced that the group would establish its presence in North Queensland. The group decided to extend its manufacturing and distribution operation to maximize revenue.
- January 2022 - CEMEX, S.A.B. de C.V. announced it agreed with the U.K.-based company Breedon Group plc to sell certain assets. This kind of agreement is expected to boost the market’s revenue.
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The global water and wastewater treatment market size was valued at USD 323.32 billion in 2023 and is projected to grow from USD 346.41 billion in 2024 to USD 617.81 billion by 2032, exhibiting a CAGR of 7.5% during the forecast period. This information is presented by Fortune Business Insights , in its report, titled, “Water and Wastewater Treatment Market, 2025-2032.” The demand for water and wastewater treatment technologies is rising across the globe due to large-scale urbanization and rapid industrialization. Since more people are moving to urban areas, the demand for clean water is growing at a notable pace every year.
Similarly, more manufacturing plants are being set up to cater to the rising lifestyle demands of people living in the cities. This factor has led to a worrying rise in the volume of wastewater being generated from these plants each year. Many countries across the world are also facing severe water shortages, compelling the authorities to use wastewater treatment solutions to convert seawater into drinkable water with the help of the desalination process. These factors are expected to augment the water and wastewater treatment market growth.
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Segmentation:
Rising Focus on Establishment of New Treatment Plants to Boost Demand for Water Treatment Services
Based on segment, the market is classified into chemicals, equipment, and services. The services segment is anticipated to record a strong growth rate during the forecast period as more companies are focusing on building new water and wastewater treatment plants while renovating the existing facilities.
Municipal Establishments to Increase Dependence on Wastewater Treatment Facilities to Supply Clean Agriculture Water
Based on application, the market is bifurcated into municipal and industrial. The municipal segment is expected to hold a dominant water and wastewater market share as more than 30% of the global water supply goes to the agriculture sector. This will automatically increase the demand for clean water to help farmers keep their fields healthy.
With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
List of Key Players Mentioned in the Water and Wastewater Treatment Market Report:
- Veolia (France)
- SUEZ Worldwide (France)
- DuPont (U.S.)
- 3M (U.S.)
- Xylem (U.S.)
- Kemira (Finland)
- Evoqua Water Technologies LLC (U.S.)
- Pentair PLC (U.K.)
- Ecolab (U.S.)
- American Water (U.S.)
- Acciona (Spain)
- Hydro International (U.K.)
- Aquatech International LLC (U.S.)
- Trojan Technologies (Canada)
- BioMicrobics Inc. (U.S.)
- Kurita Water Industries Ltd. (Japan)
- ASIO (Czech Republic)
Report Coverage:
The report offers treasured perceptions attained by detailed review done by our analysts. An all-encompassing research was directed to offer the assessed size and share of the water and wastewater treatment market. The data gained and applied to estimate the shares for manifold sections at all levels such as global, national, and regional is acquired from detailed interviews with various stakeholders. Moreover, we have obtained admission to numerous global and regional paid records to provide detailed information to make business investment conclusions simple for our clients and shareholders.
Drivers and Restraints:
Strict Guidelines on Waste Treatment to Encourage Water and Wastewater Treatment Market Growth
With technological progressions in production techniques, the quantity of wastewater produced has increased abruptly in the recent years. Sewage from corporations and factories processing chemicals, rare metals, pesticides and other dangerous chemicals and materials are harmful to the environment and are likely to trigger tragic impacts if not sufficiently treated prior to releasing in freshwater resources.
However, with severe protocols being inflicted on wastewater treatment for businesses, they are prevented from having progressive treatment technologies set up at the locations owing to huge capitalizations to build such factories.
Regional Insights:
North America to Lead Stoked by Augmented Demand for Clean and Treated Water
North America held the largest water and wastewater treatment market share and stood at USD 109.52 billion in 2021. It is anticipated to dominate in the upcoming future. This is accredited to the huge demand for treated water from the beverages and pharmaceuticals sectors in nations such as the U.S.
The market for water and wastewater treatment in Asia Pacific is predicted to exceed North America soon in terms of revenue share. This is backed by the factor that huge-scale capitalization by countries such as China, India, and Southeast Asia in order to refine the water superiority and sanitation amenities in the region.
European market will be strengthened by the restoration being carried out in the prevailing water treatment services and sustain structure in the region to boost the implementation of ground-breaking wastewater treatment solutions in the upcoming years.
Competitive Landscape:
Purchases Originated by Significant Companies to Sponsor Market Growth
The dominating players in the market repetitively are looking to apply competent approaches to strengthen their brand value as well as endorse the global market growth of the product by facing least imaginable complications. One such competent scheme is securing competitive companies and further safeguarding a lucrative opportunity for both the engaged corporations.
Industry Development:
January 2022 – Xylem and Isle Utilities partnered to scale the breakthrough ‘Trial Reservoir’ water technology. It will create a pool of funding to new companies to undertake trials. Also, by removing the financial uncertainty, new companies will be able to come together and to better solve the water problems .
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The global nickel market size was USD 41.61 billion in 2023 and is projected to grow from USD 44.59 billion in 2024 to USD 73.15 billion by 2032 at a CAGR of 7.3% during the forecast period. Nickel (Ni) is a naturally occurring silvery-white, shiny metallic element. Because of its remarkable physical and chemical qualities, the substance is a required component in a variety of products. Its principal use is alloying stainless and heat-resistant steels, particularly with chromium and other metals.
Lower-grade Ni ore can now be processed because of advances in mining, smelting, and refining technology. Furthermore, rising exploratory operations by mining corporations, fueled by low commodity prices, are expected to enhance Ni metal uptake. Furthermore, increasing technological advancements in stainless steel and rising consumer spending on Ni-based items, such as alloys and batteries, would boost global market expansion over the anticipated timeline.
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Segmentations:
On the basis of application, the market is fragmented into special steels, stainless steel, batteries, alloys, electroplating, and others. Geographically, the market is classified into Asia Pacific, South America, North America, Europe, Asia Pacific, the Middle East & Africa.
Report Coverage:
The research study offers a thorough examination of the industry, focusing on critical factors such as top companies and applications. It also provides quantitative data in terms of volume and value, market analysis, market data research methodology, and industry trend insights. It focuses on important industry advancements as well as the competitive landscape. In addition to the causes listed above, the research includes a number of other variables that have contributed to the market's recent expansion.
Drivers & Restraints:
Increasing Demand for Stainless Steel to Augment Market Growth
Product adoption will be aided by rising stainless steel demand in automotive, consumer goods, and construction industries. Stainless steel accounts for more than two-thirds of global Ni use, according to the Nickel Institute Organization. The product enhances the steel's formability, weldability, and ductility. When utilized as an alloying element, it also provides corrosion resistance in specific applications. Stainless steel's strong demand in numerous industries can also be ascribed to its many features, including its lightweight, high tensile strength, durability, and ease of manufacture. As a result, increased stainless steel consumption will boost product demand during the anticipated timeframe. Ni's price has risen, making it a more expensive raw material for a variety of uses and industries.
Regional Insights:
Technological Advancements in Asia Pacific to make it a Leading Region
In 2020, the Asia Pacific market was valued at USD 26.92 billion. In Asia Pacific, the nickel market growth has been supported by increased technological advancement in stainless steel to make it more sustainable. China has the largest nickel market share and is the fastest-growing country in the region. The rise is linked to China's fast-increasing construction and automotive industries, as well as rising research and development activities and rapid infrastructure projects, all of which are helping to stimulate product demand.
Stainless steel is mostly used in electric vehicles in Europe. The product demand in this region will be fueled by rapid growth of the automobile sector as well as increased technological advancement. The U.S. is a leading country in North America. Stainless steel production in this region has been spurred by rapid expansion of the building industry. The increased demand for Ni metal can be due to its high flexibility, good energy absorption, and explosion-resistant qualities.
The product's consumption can be found in special steels across the Middle East and Africa. Steels' capacity to enhance ductility and toughness at low temperatures contributes to their hardness and strength. The South America market will rise due to increasing use of stainless steel and Ni alloys in implanted medical devices and orthopedic applications such as joint replacements and stents.
Competitive Landscape:
Companies Expand their Business as a Strategic Initiative
Vale, BHP, Anglo American plc, and Eramet are among the market's leading producers. These businesses are involved in product development, capacity expansion, acquisitions, and market collaborations. Anglo American is a mining firm that deals in Ni, diamonds, platinum, copper, and iron ore. Codemin mine produces around 9,000 tonnes of Ni per year for the domestic market.
Industry Development:
December 2021: Nicomet, a leading nickel and cobalt (Co) company, was acquired by Vedanta. Nicomet has a production capacity of 7.5 tonnes of Ni and Co per year. This purchase will assist the company in meeting the growing demand for batteries and stainless steel.
List of Key Market Players:
- Anglo American plc (U.K.)
- BHP (Australia)
- Eramet (France)
- Norilsk Nickel (Russia)
- Sumitomo Metal Mining Co., Ltd. (Japan)
- Glencore (Switzerland)
- Sherritt International Corporation (Canada)
- Vale (Brazil)
- Jinchuan Group International Resources Co. Ltd (Hong Kong)
- Terrafame Ltd. (Finland)
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The global activated carbon market size was valued at USD 5.70 billion in 2024. The market is projected to grow from USD 5.62 billion in 2025 to USD 10.04 billion in 2032, exhibiting a CAGR of 8.7% during the forecast period. Activated carbon, also called activated charcoal, is a form of carbon that is majorly used in air purification and gas cleaning applications as they have a high absorption capacity and porosity. The growing use of this product in several industries, right from food & beverage to chemicals is expected to amplify market growth.
Fortune Business Insights™ displays this information in a report titled, "Activated Carbon Market, 2025-2032."
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Segmentation:
Granular Carbon to Gain Traction Due to its Rising Use in Many End-use Industries
Based on type, the global market is segmented into powdered, granular, and others. The Granulated Activated Carbon (GAC) segment is the fastest-growing segment as this type of carbon finds major usage in several industries, such as air & gas purification and water treatment.
Activated Charcoal to be Increasingly Used in Water Treatment Applications Due to Rising Industrial Activities
Based on application, the market is categorized into water treatment, air & gas purification, food & beverage, pharmaceutical & healthcare treatment, and others. The water treatment segment held the largest activated carbon market share in 2022 as the product is widely used in water treatment applications to eliminate organic compounds and toxic substances.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report studies the market in detail and underlines critical aspects, such as key product types, applications, and top market players. The report also offers valuable insights into the market’s drivers, trends, and prominent industry developments. Besides the abovementioned factors, the report also lists other factors that have helped the market grow.
Drivers and Restraints:
Growing Adoption of Air Purification Systems to Accelerate Market Growth
Air pollution is becoming a major cause of concern globally as it is one of the primary causes of many severe health problems. Individuals in residential areas are suffering from breathing difficulties due to the lack of clean air. This is why many people are opting for air purification systems, which contain activated carbon to absorb the tiniest pollutants and impurities present in the air, providing them with clean, breathable air.
However, rising prices of raw materials to make activated charcoal and their shortage may impede activated carbon market growth.
Regional Insights:
Asia Pacific Dominates Due to Presence of Major Active Carbon Consuming Countries
Asia Pacific dominated the global market in 2022 and might retain its dominance during the forecast period as region has two major active carbon consuming countries – India and China. These countries are using this type of carbon in water treatment applications to cater to the growing need for safe and potable water.
North America has also showcased major growth as this product is being widely used in air and water purification applications.
Competitive Landscape:
Key Market Players to Offer Sustainable Purification Solutions to Boost Their Presence
Some of the key companies operating in this market include Cabot Corporation and Kuraray Co. Ltd. These firms are focusing on providing sustainable purification solutions to various industries, such as oil & gas, water treatment, and food & beverage, which will help them strengthen their market position.
List of the Key Players in the Activated Carbon Market:
- Osaka Gas Chemicals Co., Ltd. (Japan)
- Donau Carbon GmbH (Germany)
- Cabot Corporation (U.S.)
- PURAGEN ACTIVATED CARBONS (U.S.)
- CARBOTECH AC GMBH (Germany)
- Kuraray Co., Ltd. (Japan)
- KUREHA CORPORATION (Japan)
- Activated Carbon Technologies (Australia)
- Silcarbon Aktivkohle GmbH (Germany)
- Ingevity (U.S.)
- Iluka Resources (Australia)
- James Cumming & Sons (Australia)
- Universal Carbons (India)
- Carbon Activated Corporation (U.S.)
Key Industry Development:
-
May 2024 – Kuraray Co., Ltd., together with its U.S. subsidiary Calgon Carbon Corporation, announced plans to acquire the industrial reactivated carbon business of Sprint Environmental Services, LLC.
-
March 2023 – Cabot Corporation introduced its EVOLVE technology program aimed at advancing sustainable reinforcing carbons. The initiative focuses on recovering carbon products from end-of-life tires, enabling waste renewal and reducing overall carbon content.
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The global iron ore market size was valued at USD 279.35 billion in 2023 and is projected to grow from USD 290.25 billion in 2024 to USD 397.98 billion by 2032, exhibiting a CAGR of 4.0% during the forecast period. Iron ore is an essential natural mineral, primarily consisting of magnetite and hematite, essential for the manufacturing of iron and steel. Steel serves as a cornerstone material for infrastructure, providing the necessary framework and components. As infrastructure projects advance, the consumption of steel rises, effectively propelling market growth.
Fortune Business Insights™ provides this information in its research report, titled “Iron Ore Market, 2025-2032”.
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Segmentation:
Hematite Segment is Slated to Hold the Major Share owing to Abundance and Economic Importance of the Product
By type, the market is divided into hematite, magnetite, and others. The hematite segment is touted to hold the largest share. Hematite is considered as the most economically and quantitatively significant industrial ore. It is more plentiful than other varieties, cementing its market prominence despite a marginally lower iron content.
Steel production Segment Captured the Key Share Owing to Innovations in Steelmaking Techniques
By application, the market is divided into steel production and others . The steel production segment held the major market share. Ongoing innovations in steelmaking technology improve the efficiency of iron ore utilization in the steel production process. These advancements lead to a more economical use of resources, further bolstering the steel production segment.
In terms of region, the market is categorized into Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report conducts a comprehensive analysis of the key factors propelling industry growth in the near future, concentrating on product categories and leading enterprises. It also offers insights into the major trends that are fueling the global business environment and addresses the influence of the COVID-19 pandemic on market expansion.
Drivers and Restraints:
Rising Industrialization and Urbanization to Propel Market Growth
With countries undergoing urbanization and industrialization, there is a rising demand for steel. The expansion of urban areas entails the construction of buildings, bridges, and critical infrastructure, all of which heavily rely on steel, thus driving the demand for these products. Moreover, the growth of manufacturing in urban areas increases the demand for machinery and equipment dependent on steel. This heightened manufacturing activity leads to greater demand for steel and, in turn, driving the iron ore market growth.
However, the implementation of carbon capture and utilization technologies involves capturing and repurposing carbon emissions into useful products during the steelmaking process, thus reducing product demand.
Regional Insights:
Asia Pacific Region Captured the Key Share Owing to Rapid Steel Production Growth
Asia Pacific secured the largest global iron ore market share in 2022. The rapid expansion of steel production in the region is a significant driver of market growth. Moreover, the existence of top steel producers in China and India is boosting the consumption of these products.
The Middle East & Africa region is experiencing heightened demand for steel across diverse sectors, encompassing chemical, pulp and paper, and medical applications, acting as a catalyst for market expansion.
Competitive Landscape:
Prominent Players from North America and Europe are Expanding Globally to Strengthen their Market Position
In North America and Europe, producers are actively focusing on broadening their international footprint to fortify their market stance and facilitate organizational growth. Key industry players have honed their regional presence, established efficient distribution channels, and diversified their product portfolios.
Key Industry Development:
August 2023 – H2 Green Steel and Rio Tinto, an industrial startup focused on large-scale green steel production, entered a multi-year supply agreement. This collaboration entailed the supply of high-grade direct reduction iron ore pellets from Rio Tinto's Iron Ore Company of Canada (IOC) operations. The partnership aligned with Rio Tinto's commitment to decarbonize its iron and steel production and lower its scope 3 emissions.
List of the Key Players in the Iron Ore Market:
- Vale (Brazil)
- Rio Tinto (U.K.)
- BHP (Australia)
- Fortescue Metals Group Ltd. (Australia)
- ArcelorMittal (Luxembourg)
- METALLOINVEST (Russia)
- Cleveland-Cliffs Inc. (U.S.)
- Ternium (Luxembourg)
- Anglo American (U.K.)
- Tata Steel (India)
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Paints and Coatings Market Size, Share, Competitive Analysis, and Forecast 2032
By Pallavi G, 2025-08-11
The global paints and coatings market size was valued at USD 206.56 billion in 2023 and is projected to grow from USD 217.36 billion in 2024 to USD 303.97 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period. The Global Paints and Coatings Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report.
The automobile, construction, timber, and transportation industries all frequently utilize paints and coatings. They are extensively utilized in the construction industry to shield buildings from damage from the outside. Also, the product has a wide range of uses in the decoration of commercial and residential structures and infrastructure, as well as in the automobile, maritime, industrial wood, and other industries.
Fortune Business Insights presents this information in their report titled "Paints and Coatings Market, 2025–2032."
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Segmentation Analysis:
Due to its Abrasion Resistance and Corrosion Resistance, Polyurethane Resin is Anticipated to Generate the Highest Revenue
By resin, the market is segmented into acrylic, alkyd, epoxy, polyurethane (PU), polyester, and others. Due to its adhesion, drying speed, relative resistance, and flexibility qualities, acrylic resin stands out among the competition and commands a substantial market share. This makes it ideal for use in paints and coatings.
Due to their Environmentally Friendly and VOC-Free Qualities, Water-Born Coatings to Hold Dominant Market Share
By product type, the market is classified into solvent borne, waterborne, powder coatings, UV coatings and others. Due to their expanding use in the wood, plastic, furniture, printing inks, and vehicle industries, waterborne coatings currently hold the biggest market share. The advantages of waterborne coatings, which include low VOC emissions, quick drying, and simpler application, are what is causing this market to flourish.
Growing Demand from the Building and Automotive Industries Will Cause the Architecture Sector to Show a Substantial CAGR
By application, the market is divided into architectural, industrial wood, marine, automotive OEM, automotive refinish, general industries, coil, protective coatings, packaging and others. Throughout the projected period, it is expected that the architectural segment will dominate in terms of revenue and volume. Paints and coatings are mostly used for ornamental purposes in architectural applications to protect non-residential and residential structures and buildings from UV radiation, environmental damage, and other factors.
List of the Key Players in the Paints and Coatings Market:
- AkzoNobel (Netherlands)
- Kansai Nerolac Paints Limited (India)
- Kwality Paints and Coatings Pvt. Ltd. (KPCPL) (India)
- Nippon and Kansai (Kansai Paint Co., Ltd.) (Japan)
- The Sherwin-Williams Company (U.S.)
- NIPSEA GROUP (Singapore)
- Nippon Paint Holdings Co., Ltd. (Japan)
- Jotun (Norway)
- Axalta Coating Systems (U.S.)
- TIKKURILA OYJ (Finland)
- Dunn-Edwards Corporation (U.S.)
- Asian Paints (India)
- RPM International Inc. (U.S.)
- PPG Industries, Inc. (U.S.)
Drivers & Restraints:
Construction Sector's Rapid Expansion Will Boost Market Development
Infrastructure and structures are mostly protected and decorated using paints and coatings. Exterior and interior paints, sealants, primers, stains, and varnishes are some examples of these architectural advancements. The market's growth will probably be boosted by an increase in construction activity and government investment in several public infrastructure projects. Furthermore, cutting-edge technological technologies are gradually becoming the norm in the building industry. Another element driving the expansion of the construction sector is the increased use of cloud and collaboration computing, as well as Building Information Modeling (BIM). These factors are anticipated to increase the market share.
Regional Insights
Asia Pacific Dominates the Market due to Growing Construction Activities
In terms of volume and revenue, Asia Pacific held the largest paints and coatings market share for 2022 and is likely to keep that position during the anticipated period. This is a result of expanding building and construction activity as well as the automotive industry in China, India, and Japan. Due to their use in covering both non-residential and residential infrastructures, paints & coatings are in higher demand. Europe has a prominent position mainly due to growing demand from the automotive sector.
Competitive Landscape
Major Industry Focus on Construction and Automotive to Strengthen Market Position for Key Players
The market for paints and coatings is cut-throat and fragmented, with major players like PPG Industries, Inc., Axalta Coating Systems, Nippon, Kansai (Kansai Paint Co., Ltd.), Jotun, the Sherwin-Williams Company, and AkzoNobel active in the sector. To preserve product quality and increase their regional presence, the majority of multinational firms have integrated their raw material production and sales activities. As a result, firms gain a cost advantage that boosts profit margins and offers them a competitive edge. Corporations are also placing a greater emphasis on their R&D activities to stay competitive and meet the evolving demands of end users.
Key Industry Development:
February 2023 – AkzoNobel Powder Coatings launched the Interpon Futura Collection with three new color palettes—Merging World, Healing Nature, and Soft Abstraction—free from solvents and VOCs, aligning with its sustainability goals.
February 2023 – PPG agreed to acquire the powder coatings division of Arsonsisi, a Milan-based manufacturer specializing in architectural and industrial specialty powder coatings.
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The global membranes market is anticipated to be affected by their increasing usage in pharmaceutical and biomedical industry. They help in lowering the concentration of effluent stream, as well as in recovering significant substrate or intermediate. This information is given by Fortune Business Insights™ in a recently published report, titled, “ Membranes Market Size, Share & Industry Analysis, By Technology (RO/FO, UF, NF, MF, and Others), By Applications (Water & wastewater treatment, Food & beverage, Gas separation and Others) and Regional Forecast, 2025-2032. ” The global membranes market was valued at USD 8.27 billion in 2024 and is expected to expand from USD 8.79 billion in 2025 to USD 14.21 billion by 2032, registering a CAGR of 7.0% during the forecast period.
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Segmentation Analysis:
Water & Wastewater Treatment Segment to Grow Rapidly Backed by Evolution of Technology
Based on application, the market is divided into gas separation, food & beverage, water & wastewater treatment, and others. Amongst these, the water & wastewater treatment segment held 45.9% membranes market share in 2019. Membranes were mainly developed owing to the sole purpose of water & wastewater treatment. Later, as the technology evolved, they found their application in a wide range of industries consisting of biomedical, pharmaceutical, and food & beverage. The emergence of membrane purification technologies has proved to be promising by meeting the urgent need for portable water.
Drivers & Restraints:
Rising Environmental Concerns to Accelerate Growth
Rapid industrialization and urbanization, especially in the developing countries is resulting in water pollution. Therefore, the strain on water resources is surging. The governments and regulatory bodies of several countries are implementing stringent norms and laws regarding industry discharge to control water pollution. The increasing environmental concerns have thus, compelled large portion of the industries to adopt membrane-based technology for curbing the level and severity of pollutants in their discharge streams. They are presently trying to comply with the regulations. Membranes play a vital role in providing zero liquid discharge (ZLD). It is helping the industries in lowering the environmental impact. However, fouled membrane can have harmful effects on its operations. This factor may obstruct the membranes market growth during the forthcoming years.
Regional Analysis:
Various Planned Desalination Projects in India & China to Favor Growth in Asia Pacific
Geographically, Asia Pacific procured USD 2,382.47 million in 2019 in terms of revenue. This growth is attributable to the major contributions of countries, such as Australia, India, Japan, and China. Japan is considered to be one of the largest producers of membranes globally. Several planned desalination projects in India and China are set to boost the growth of the market in this region. Chennai in India, for instance, houses two desalination plants. Each has a capacity of 100 million litres per day (MLD). The third plant is set to begin operations in 2021. Europe is in the second position owing to the contributions of Italy, Spain, France, and Germany.
Key Industry Development:
- March 2024: TORAY INDUSTRIES, INC. announced that it has developed a new reverse osmosis membrane. The newly launched product enables to save water, offers double chemical resistance and halves replacement and carbon dioxide emissions.
LIST OF KEY COMPANIES PROFILED IN THE REPORT:
- TORAY INDUSTRIES, INC. (Japan)
- DuPont (U.S.)
- SUEZ (France)
- KOCH (U.S.)
- Pentair plc (U.S.)
- TOYOBA (Japan)
- Hydranautics – A Nitto Group Company (U.S.)
- Pall Corporation (U.S.)
- Seccua GmbH (Germany)
- Synder Filtration (U.S.)
- Others
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About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
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