The global coatings raw materials market is projected to reach approximately USD 42.2 billion by 2034, rising from an estimated USD 25.2 billion in 2024. This growth reflects a compound annual growth rate (CAGR) of 5.3% over the forecast period from 2025 to 2034.
Growing environmental awareness and tighter regulations are significantly influencing the coatings raw materials market, driving a transition toward low-VOC, water-based, and bio-based formulations. Key raw materials like resins, pigments, and additives are being redesigned to align with sustainability goals while maintaining high performance. With Asia-Pacific at the forefront of global demand thanks to rapid industrial growth and infrastructure development raw material manufacturers have expanding opportunities to innovate and scale in response to green chemistry trends and the region’s evolving needs.
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