Intermediates for Paints & Coatings Market Size & Share, by Type (Organic Intermediates, Inorganic Intermediates); Application (Paints, Pigments & Dyes, Formulation Additives) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3871
  • Published Date: Aug 07, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Intermediates for the Paint & Coatings Market size is set to reach USD 512 Billion by the end of 2035, growing at a CAGR of 9% during the forecast period i.e. 2023-2035. In the year 2022, the industry size of intermediates for paints & coatings was USD 249 Billion. The growth of the market can be impelled by an increasing construction sector across the world. Paints & coating are frequently required in construction activities which is expected to add to the market growth. According to estimates, the worldwide construction business is quickly expanding, with the market value estimated to reach over USD 10 trillion by 2023.
The increasing automotive sector is believed to fuel market growth. For the production and repainting of vehicles, various kinds of paints & coatings are used which in turn is estimated to drive market growth. For instance, ethyl acetate is a substance used in coatings and paints for automobiles, which is utilized as a solvent for coating systems such as acrylic and nitrocellulose lacquers owing to its solubility in the primary natural and synthetic resins.

Intermediates for the Paints & Coatings Market
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Intermediates for the Paints & Coatings Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Paints & Coatings – As the need for paints & coatings is rising across the globe, more intermediates are required for their production. For instance, ingredients such as binders, pigments, thickeners, curing agents, modifiers, humectants, open-time additives, alkyd latex resins, and polymers are used to create finished aqueous or solvent-borne paint and coating products are known as intermediates and are utilized to generate paints and coatings in the final useable form.


  • Exorbitant Cost of Intermediates - The high cost is one of the major factors predicted to slow down the market growth. For instance, the price of raw materials keeps on fluctuating as the materials are not easily available. This as a result can increase the overall cost of the intermediates.
  • Unavailability of Raw Materials
  • Strict Environmental Regulations

Intermediates for the Paints & Coatings Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~ USD 249 Billion

Forecast Year Market Size (2035)

~ USD 512 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Intermediates for the Paints & Coatings Segmentation

Type (Organic Intermediates, Inorganic Intermediates)

The inorganic intermediates segment is estimated to gain a robust market gain of 60 % in the coming years. The segment growth can be attributed to the growing need for coatings. There is a rising need for coatings across various industries which has led to an increase in demand for inorganic intermediates, since it helps in reducing corrosion, and are suitable binders for any structural element. For instance, due to their exceptional performance, these coatings are commonly used in industries like building, painting, and other facets of daily life. They are generated chemically, changing the metal's surface layer into a metallic oxide film or compound, which minimizes corrosion.

Type (Organic Intermediates, Inorganic Intermediates)

The organic intermediates segment in the intermediates for the paints & coatings market is set to garner a notable share shortly. The growth of the segment is driven by rising demand for environmentally friendly coatings. Owing to stringent environmental regulations to reduce the effect of coatings on the environment the demand for organic intermediates is set to increase. Also, environmentally friendly options such as water-based technologies are becoming more and more popular with consumers. Traditional paints, varnishes, enamels, lacquers, water-emulsion finishes, and varnishes are all considered organic coatings that are frequently applied multiple times before they are thick enough to prevent corrosion. Furthermore, binders are within the broad category of organic binders which are biodegradable and are therefore seen to be safe for the environment.

Our in-depth analysis of the global market includes the following segments:


  • Organic Intermediates
  • Inorganic Intermediates


  • Paints
  • Pigments & Dyes
  • Formulation Additives

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Intermediates for the Paints & Coatings Industry- Regional Synopsis

APAC Market Statistics

Intermediates for the paints & coatings market in Asia Pacific are predicted to account for the largest gain of 38 % during the forecasted period. The market growth in the region is impelled by rising urbanization in the region. For instance, as more and more people are shifting towards urban areas, the need for houses and other commercial buildings has increased in the region. This has led to a rise in demand for intermediates for the paints & coatings since these projects widely utilize paints and coatings for various purposes. In addition, construction activities are increasing in countries such as India, Southeast Asia, and South America to keep up with rising rates of urbanization. Furthermore, it is anticipated that more than 50% of Asia's population will be urban by 2030.

North American Market Forecast

North America intermediates for the paints & coatings market are estimated to hold a tremendous share, between 2023 and 2035. The growth of the market can be led by rising demand for paint and coating in industries such as automotive, construction, and aerospace in the area. This has resulted in the increased demand for the intermediates such as resins, epoxy, pigments, and solvents in these sectors.

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Intermediates for the Paints & Coatings Market Size
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Companies Dominating the Intermediates for the Paints & Coatings Landscape

    • Venator Materials PLC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • BASF SE
    • Eastman Chemical Company
    • The Dow Chemical Company
    • KH Neochem Co., Ltd.
    • Saudi Basic Industries Corporation
    • OQ Chemicals GmbH
    • Solventis Ltd.
    • Galaxy Surfactants Limited
    • KH Chemicals BV


In The News

  • BASF SE provided a variety of chemical intermediates with carbon footprints that are much lower than the global market average manufactured from fossil-based raw materials. These intermediates can be used in paints and coatings, and other daily use items.
  • The Dow Chemical Company introduced a new digital paint formulation platform DOW Paint Vision which uses cutting-edge technology to simplify the formulation process, allows for the creation of novel solutions, and accelerates innovation in the paints and coatings sector

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 3871
  • Published Date: Aug 07, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing construction activities across the world and the increasing automotive sector are the major factors driving the market growth.

The market size of Intermediates for Paint & Coatings is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Eastman Chemical Company, The Dow Chemical Company, KH Neochem Co., Ltd., Saudi Basic Industries Corporation, OQ Chemicals GmbH, Solventis Ltd., Galaxy Surfactants Limited, KH Chemicals BV, and others.

The inorganic intermediates segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Intermediates for the Paints & Coatings Market Report Scope

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