Press release
Emulsion Paint Market Report 2024 - Emulsion Paint Market Size, Share And Trends
Emulsion Paint Market
According to The Business Research Company's, The emulsion paint market size has grown strongly in recent years. It will grow from $10.98 billion in 2023 to $11.57 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to stricter laws governing VOC emissions, economic conditions, architectural trends, growing consumer demand for eco-friendly and sustainable coatings, demographic shifts, and infrastructure development.
The emulsion paint market size is expected to see strong growth in the next few years. It will grow to $14.47 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to rising disposable income, rising awareness among consumers, a shift towards water-based paints, an increase in commercial space development activities, and improved lifestyle trends. Major trends in the forecast period include digitalization and e-commerce, rising partnerships, advanced application techniques, product innovation, and technological advancements.
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Market Drivers and Trends:
The rising real estate industry is expected to propel the growth of the emulsion paint market going forward. The real estate industry encompasses various activities related to buying, selling, renting, leasing, and developing property. It plays a significant role in the economy and is influenced by various factors such as demographics, economic conditions, government policies, and consumer preferences. The rise in real estate is increasing due to population growth, urbanization, economic development, infrastructure investment, and changing consumer preferences. Emulsion paint is widely used in real estate projects for interior and exterior applications and provides numerous benefits, including ease of application, rapid drying time, and a diverse selection of color choices. For instance, in February 2024, according to Eurostat, a Europe-based government agency, the average annual building production in the European Union and the euro region increased by 0.1% and 0.2%, respectively, compared to 2022. Therefore, rising real estate projects are driving the growth of the emulsion paint market.
Major companies operating in the emulsion paint market are developing innovative products, such as acrylic polyol emulsions, to enhance performance and meet evolving consumer demands. Acrylic polyol emulsions are aqueous dispersions of acrylic polymers emulsified to form stable colloidal suspensions. For instance, in August 2022, Arkema S.A., a France-based company that manufactures specialty materials, launched SYNAQUA 9511, a new aqueous binder with improved performance that can be used to formulate industrial paints with lower-volatile organic compounds. This innovative waterborne binder offers a balanced blend of performance and sustainability, with low VOC levels (
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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