Key Market Indicators
The consumption of paint and coatings is projected to climb to approximately 2.14 billion kilograms by 2028, up from about 2 billion kilograms in 2023. This marks a compound annual growth rate (CAGR) of 1.2%. The sector saw a year-on-year demand increase of 1.3%. Italy, Germany, and the United Kingdom hold the second, third, and fourth positions, respectively, in the global ranking for paint and coating consumption.
