Coatings Raw Materials Market

• In August 2022, PPG said it would spend USD 11 million to double the amount of powder coatings it can make at its plant in San Juan del Rio, Mexico.The project to expand should be done by the middle of 2023. This will allow the plant to meet the expected demand for powder coatings in Mexico in the future.

• In February 2023, AkzoNobel Powder Coatings introduced the Interpon Futura Collection, which includes three new, on-trend color palettes such as Merging World, Healing Nature, and Soft Abstraction. The collection emits no solvents or volatile organic compounds and contributes to AkzoNobel's overall sustainability program.

In this report, the Coatings Raw Materials Market has been segmented by Industry, Type, Applications, Distribution Channel and Geography.

Coatings Raw Materials Market, Segmentation by Industry

The Coatings Raw Materials Market is segmented by Industry into Plastics, Lubricants, Adhesives, Sealants and Personal Care Products.

Plastics

The plastics segment represents nearly 30–32% of the coatings raw materials market. Rising demand for lightweight materials in industries such as automotive and packaging is boosting the need for high-performance coating raw materials in this sector.

Lubricants

Lubricants account for about 18–20% of the market, driven by increasing adoption in industrial machinery, transportation, and automotive applications. Enhanced performance requirements and durability standards are fueling steady growth in this category.

Adhesives

The adhesives segment contributes nearly 22–23%, supported by rising applications in construction, furniture, and electronics. Growing demand for eco-friendly and sustainable adhesives is also shaping market opportunities.

Sealants

Sealants hold around 15–16% of the market share, with applications spanning infrastructure projects, aerospace, and automotive manufacturing. Their role in ensuring durability and protection against extreme conditions is a key growth driver.

Personal Care Products

Personal care products represent nearly 10–12% of the coatings raw materials market. The growing use of advanced formulations in cosmetics and skincare is increasing demand for safe, high-quality raw materials in this segment.

Coatings Raw Materials Market, Segmentation by Type

The Coatings Raw Materials Market is segmented by Type into Resins, Pigments & Fillers, Solvents and Additives.

Resins

Resins form the largest segment, accounting for nearly 45–47% of the coatings raw materials market. They provide the essential binding properties that ensure adhesion, durability, and resistance, making them a cornerstone of multiple industrial applications.

Pigments & Fillers

Pigments & fillers contribute around 28–30% of the market, serving key roles in coloring, opacity, and enhancing mechanical properties. Their demand is increasing with the rise of aesthetic coatings across construction, automotive, and consumer goods.

Solvents

Solvents represent approximately 15–16% of the market, primarily enabling application efficiency and film formation. However, demand is gradually shifting toward low-VOC and eco-friendly alternatives due to strict environmental regulations.

Additives

Additives hold nearly 10–12% of the coatings raw materials market, delivering specialized properties like anti-foaming, UV resistance, and enhanced durability. Though smaller in share, they are critical for achieving high-performance coatings.

Coatings Raw Materials Market, Segmentation by Applications

The Coatings Raw Materials Market is segmented by Applications into Architectural Coatings, Industrial Coatings, Automotive Coatings and Protective Coatings.

Architectural Coatings

Architectural coatings account for nearly 40–42% of the coatings raw materials market, driven by the growing demand for residential and commercial construction. They focus on enhancing aesthetic appeal while providing durability and protection against weathering.

Industrial Coatings

Industrial coatings represent around 25–27% of the market, widely applied in machinery, equipment, and manufacturing facilities. Their demand is supported by the need for corrosion resistance, wear protection, and compliance with environmental standards.

Automotive Coatings

Automotive coatings contribute approximately 18–20%, focusing on surface protection, scratch resistance, and high gloss finishes. The segment is experiencing steady growth with rising vehicle production and increasing emphasis on aesthetic customization.

Protective Coatings

Protective coatings hold about 12–13% of the market, primarily used in infrastructure, oil & gas, and marine applications. Their importance is growing due to rising investments in infrastructure durability and the need for long-lasting protection in harsh environments.

Coatings Raw Materials Market, Segmentation by Distribution Channel

The Coatings Raw Materials Market is segmented by Distribution Channel into Offline and Online

Offline

The offline distribution channel dominates the coatings raw materials market, contributing nearly 70–72% of the share. This dominance is driven by the strong presence of distributors, wholesalers, and direct sales networks that ensure large-scale supply to industrial buyers and construction projects.

Online

The online channel is steadily expanding, holding around 28–30% of the market. Growth in this segment is fueled by increasing adoption of digital platforms, demand for convenience, and the ability to compare pricing and product availability across multiple suppliers in real time.

Coatings Raw Materials Market, Segmentation by Geography

In this report, the Coatings Raw Materials Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Coatings Raw Materials Market Share (%), by Geographical Region

North America

North America holds nearly 28–30% of the coatings raw materials market, supported by the strong demand from construction, automotive, and industrial applications. The region benefits from advanced manufacturing capabilities and a well-established supply chain.

Europe

Europe accounts for about 24–26% of the global share, driven by stringent environmental regulations and rising demand for eco-friendly coatings. Innovation in low-VOC raw materials is a major growth factor in this region.

Asia Pacific

The Asia Pacific region dominates with over 36–38% share, fueled by rapid industrialization, growth in automotive production, and booming construction activities. Countries like China and India are leading contributors to this expansion.

Middle East & Africa

Middle East & Africa collectively contribute around 8–10% of the market. Growth is supported by rising infrastructure investments, increasing demand in the oil & gas sector, and expanding urbanization projects.

Latin America

Latin America captures nearly 6–8% of the coatings raw materials market. The demand is largely driven by the construction sector and steady growth in automotive coatings across Brazil, Mexico, and other emerging economies in the region.