×
Request Free Sample ×
ReportInfographic

Kindly complete the form below to receive a free sample of this Report

* Please use a valid business email

Leading companies partner with us for data-driven Insights

clients tt-cursor
Hero Background

South Korea Paints Coatings Market

ID: MRFR/CnM/43956-HCR
111 Pages
Chitranshi Jaiswal
February 2026

South Korea Paints and Coatings Market Research Report By Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, Fluoropolymer, Polyether Ether ketone (PEEK), Polyether Ketone (PEK), Polyaryl Etherketone (PAEK), others) and By Application (Architectural, Industrial) - Forecast to 2035

Share:
Download PDF ×

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

South Korea Paints Coatings Market Infographic
Purchase Options
Compare License
Summary Table of Contents Segmentation Download PDF

South Korea Paints Coatings Market Summary

As per Market Research Future analysis, the South Korea paints coatings market size was estimated at 7.96 USD Billion in 2024. The South Korea paints coatings market is projected to grow from 8.17 USD Billion in 2025 to 10.52 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 2.5% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The South Korea paints coatings market is experiencing a transformative shift towards sustainability and innovation.

  • The market is increasingly driven by a focus on sustainability, with eco-friendly products gaining traction.
  • Technological advancements are reshaping the coatings landscape, enhancing performance and application methods.
  • The architectural segment remains the largest, while the industrial segment is the fastest-growing in the market.
  • Urbanization and infrastructure development are key drivers, alongside rising consumer preferences for aesthetics.

Market Size & Forecast

2024 Market Size 7.96 (USD Billion)
2035 Market Size 10.52 (USD Billion)
CAGR (2025 - 2035) 2.56%

Major Players

AkzoNobel (NL), PPG Industries (US), Sherwin-Williams (US), BASF (DE), Nippon Paint (JP), RPM International (US), Asian Paints (IN), Kansai Paint (JP), Valspar (US)

Our Impact
Enabled $4.3B Revenue Impact for Fortune 500 and Leading Multinationals
Partnering with 2000+ Global Organizations Each Year
30K+ Citations by Top-Tier Firms in the Industry

South Korea Paints Coatings Market Trends

the paints coatings market in South Korea is undergoing a transformation driven by various factors, including technological advancements and evolving consumer preferences. The demand for eco-friendly and sustainable products is on the rise, as consumers become increasingly aware of environmental issues. This shift is prompting manufacturers to innovate and develop water-based and low-VOC coatings, which are perceived as safer alternatives. Additionally, the construction and automotive sectors are significant contributors to market growth, as they require high-performance coatings that offer durability and aesthetic appeal. Moreover, the government’s initiatives to promote green building practices and energy-efficient solutions are likely to further stimulate the paints coatings market. Regulatory frameworks are becoming more stringent, encouraging companies to adopt sustainable practices. As a result, there is a noticeable trend towards the use of advanced technologies such as nanotechnology and smart coatings, which enhance the functionality and longevity of products. Overall, the paints coatings market in South Korea appears poised for continued growth, with a strong emphasis on sustainability and innovation.

Sustainability Focus

There is a marked shift towards eco-friendly products within the paints coatings market. Manufacturers are increasingly prioritizing the development of low-VOC and water-based coatings, responding to consumer demand for safer and more sustainable options. This trend aligns with broader environmental goals and regulatory pressures.

Technological Advancements

Innovations in technology are reshaping the paints coatings market. The integration of nanotechnology and smart coatings is enhancing product performance, offering improved durability and functionality. These advancements are likely to attract a diverse range of applications across various industries.

Regulatory Influence

Government regulations are playing a crucial role in shaping the paints coatings market. Stricter environmental standards are pushing manufacturers to adopt sustainable practices and develop compliant products. This regulatory landscape is expected to drive innovation and influence market dynamics.

Market Segment Insights

By Type: Water-Based Coatings (Largest) vs. Specialty Coatings (Fastest-Growing)

In the South Korea paints coatings market, Water-Based Coatings dominate with a significant share, attributed to their eco-friendliness and lower volatile organic compound (VOC) emissions. This segment is widely preferred for both interior and exterior applications due to their ease of application, quick drying times, and durability. On the other hand, Specialty Coatings are gaining traction, appealing to niche sectors such as automotive, aerospace, and industrial applications, showcasing a notable increase in demand. The growth drivers for these segments include rising environmental regulations favoring sustainable products and increasing consumer preference for low-toxicity options. Specialty Coatings are particularly benefiting from advancements in technology and increasing R&D investments aimed at enhancing product performance and functionality. This trend is expected to propel innovation and further expand the market presence of Specialty Coatings in the coming years.

Water-Based Coatings (Dominant) vs. Specialty Coatings (Emerging)

Water-Based Coatings are characterized by their eco-friendly attributes, making them the preferred choice for environmentally conscious consumers. Their ease of application, fast drying times, and ability to emit low levels of VOCs contribute to their dominant market position. These coatings are commonly utilized in residential and commercial buildings, providing effective protection and aesthetic appeal. Conversely, Specialty Coatings are emerging as a vital segment targeting specific industries with tailored solutions. These coatings offer enhanced performance characteristics, such as resistance to chemicals, weathering, and wear. The increasing applications in high-performance sectors showcase their growing importance in the market, driven by innovation and customization to meet diverse customer needs.

By Application: Architectural (Largest) vs. Automotive (Fastest-Growing)

In the South Korea paints coatings market, the distribution of market share across application segments reveals that architectural coatings hold the largest share, driven by robust construction activities and a growing focus on residential and commercial buildings. This segment caters largely to the demand for aesthetics and durability, solidifying its position in the competitive landscape. Conversely, automotive coatings have emerged as the fastest-growing segment, propelled by the resurgence in the automotive industry and the increasing demand for high-performance coatings that enhance vehicle appearance and longevity. Growth trends in the South Korea paints coatings market indicate a significant shift towards eco-friendly and sustainable products within both the architectural and automotive segments. Innovative technological advancements, such as waterborne and low-VOC coatings, are gaining traction, reflecting consumer preferences for environmentally conscious options. As regulatory frameworks become stricter, the demand for high-quality, compliant products continues to rise, bolstering the growth trajectory of these segments.

Architectural (Dominant) vs. Automotive (Emerging)

Architectural coatings are characterized by their extensive use in residential and commercial buildings, focusing on aesthetic appeal and protection against weathering. This segment remains dominant, fueled by continuous urbanization and infrastructure development within South Korea. On the other hand, automotive coatings, while currently emerging, are marked by rapid innovation and customization. This segment is evolving quickly due to advancements in automotive manufacturing and consumer demand for personalized vehicle finishes. Both segments are heavily influenced by trends in sustainability, pushing manufacturers to adapt and innovate in order to meet changing regulations and consumer expectations.

By End Use: Residential (Largest) vs. Commercial (Fastest-Growing)

In the South Korea paints coatings market, the distribution of market share among the different end-use segments showcases a significant inclination towards the residential sector, which holds the largest share. This can be attributed to the increasing demand for housing and renovations, driving the need for various paint solutions. Meanwhile, the commercial segment is gaining traction, driven by the expansion of businesses and commercial spaces, which further influences market dynamics and share distribution. Growth trends in the South Korea paints coatings market are heavily influenced by urbanization and the rising trend of home improvement projects. The residential sector continues to lead in demand, supported by government initiatives for housing projects. Conversely, the commercial segment is emerging rapidly due to increased investments in commercial real estate and infrastructure development, making it the fastest-growing segment in recent years. This growth can also be linked to changing consumer preferences towards aesthetic and functional coatings in both residential and commercial settings.

Residential: Dominant vs. Commercial: Emerging

The residential paint segment in the South Korea paints coatings market is characterized by a strong demand for interior and exterior finishes, focusing on aesthetics and durability. This segment is largely driven by homeowners seeking customization and quality, leading to the dominance of premium products. On the other hand, the commercial segment, while currently smaller in share, is showing promising growth as businesses invest in appealing environments for employees and clients. Factors such as sustainability trends and innovative coating technologies are pushing commercial offerings forward, making it an emerging opportunity in the market. Together, these segments reflect the evolving needs of consumers and corporations, showcasing contrasting yet complementary dynamics.

By Formulation: Acrylic (Largest) vs. Epoxy (Fastest-Growing)

In the South Korea paints coatings market, the formulation segment is characterized by a diverse range of products including Acrylic, Alkyd, Epoxy, and Polyurethane. Among these, Acrylic holds the largest market share, largely due to its versatility and suitability for various applications such as interior and exterior coatings. Alkyd follows closely, recognized for its excellent durability and aesthetic appeal, while Epoxy is gaining traction for its strong adhesion properties and resistance to harsh environments. Polyurethane, while important, commands a smaller share but is valued for its elasticity and durability in specific applications. The growth trends within this segment are influenced by several factors, including increasing construction activities and rising demand for high-performance coatings. The shift towards eco-friendly products is propelling the use of Acryllic and Epoxy formulations, as they often meet stringent environmental standards. Additionally, advancements in technology have resulted in the development of innovative coating solutions that cater to specific customer needs, further elevating the competitive landscape within the market.

Acrylic (Dominant) vs. Epoxy (Emerging)

Acrylic is the dominant formulation in the South Korea paints coatings market, appreciated for its quick drying time, exceptional color retention, and versatility in various applications. It is commonly utilized in residential, commercial, and industrial settings due to its water-based nature, making it an eco-friendly choice amidst rising environmental concerns. In contrast, Epoxy, while still emerging, is rapidly gaining popularity due to its superior chemical and abrasion resistance, making it ideal for industrial applications where durability is crucial. This emerging trend reflects a growing preference for Epoxy in protective coatings where longevity and performance are paramount. Both formulations highlight the evolving dynamic of the market, offering unique benefits that cater to different user requirements.

Get more detailed insights about South Korea Paints Coatings Market
Request Free Sample

Key Players and Competitive Insights

The paints coatings market in South Korea is characterized by a dynamic competitive landscape, driven by innovation, sustainability, and regional expansion. Major players such as AkzoNobel (NL), PPG Industries (US), and Nippon Paint (JP) are actively shaping the market through strategic initiatives. AkzoNobel (NL) focuses on sustainability, emphasizing eco-friendly products and reducing carbon footprints, which aligns with the growing consumer demand for environmentally responsible solutions. PPG Industries (US) is enhancing its market presence through digital transformation, leveraging advanced technologies to optimize operations and improve customer engagement. Meanwhile, Nippon Paint (JP) is pursuing aggressive regional expansion, aiming to capture a larger share of the South Korean market by localizing its product offerings and enhancing distribution networks. Collectively, these strategies contribute to a competitive environment that prioritizes innovation and sustainability.
Key business tactics employed by these companies include localizing manufacturing and optimizing supply chains to enhance efficiency and responsiveness to market demands. The competitive structure of the paints coatings market appears moderately fragmented, with several key players exerting influence. This fragmentation allows for a diverse range of products and services, catering to various consumer preferences and industrial needs. The collective actions of these major companies not only shape market dynamics but also set benchmarks for emerging players.
In October 2025, AkzoNobel (NL) announced a partnership with a local South Korean firm to develop a new line of sustainable coatings aimed at the automotive sector. This strategic move underscores AkzoNobel's commitment to sustainability while tapping into the growing demand for eco-friendly automotive solutions. The collaboration is expected to enhance product innovation and strengthen AkzoNobel's foothold in the region.
In September 2025, PPG Industries (US) launched a new digital platform designed to streamline customer interactions and improve service delivery. This initiative reflects PPG's focus on digital transformation, enabling the company to better meet customer needs and enhance operational efficiency. The platform is anticipated to provide a competitive edge by facilitating quicker response times and personalized service offerings.
In August 2025, Nippon Paint (JP) expanded its manufacturing capabilities in South Korea by investing in a new facility dedicated to producing high-performance coatings. This expansion is strategically significant as it not only increases production capacity but also allows Nippon Paint to respond more effectively to local market demands. The investment is likely to bolster the company's competitive position in the region.
As of November 2025, current trends in the paints coatings market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence (AI) into operations. Strategic alliances among key players are shaping the competitive landscape, fostering innovation and enhancing product offerings. Looking ahead, competitive differentiation is expected to evolve, with a notable shift from price-based competition to a focus on innovation, technology, and supply chain reliability. Companies that prioritize these aspects are likely to gain a competitive advantage in an increasingly complex market.

Key Companies in the South Korea Paints Coatings Market include

Industry Developments

The South Korea Paints and Coatings Market has seen significant developments recently. In September 2023, KCC Corporation announced a strategic collaboration with AkzoNobel to enhance sustainable coatings manufacturing, focusing on eco-friendly products that align with global environmental goals. This partnership aims to leverage each company's strengths in innovation and technology. 

Additionally, in August 2023, Kolon Industries expanded its production capacity for automotive coatings to meet the rising demand driven by the growing electric vehicle market in South Korea. In the last two years, significant events included Hyundai Paints launching a new line of paints specifically designed for high-performance industrial applications in March 2022 and PPG Industries acquiring another local coatings firm in December 2021, which strengthened its market position. 

The increasing focus on sustainability and technological advancements, coupled with the growing automotive and construction sectors, is driving the growth of companies like Samwha Paints, Daeyang Paints, and BASF in the region. With an increasing shift towards eco-friendly solutions and innovative coatings technology, the market landscape in South Korea continues to evolve rapidly.

South Korea Paints and Coatings

Future Outlook

South Korea Paints Coatings Market Future Outlook

The paints coatings market in South Korea is projected to grow at a 2.56% CAGR from 2025 to 2035, driven by urbanization, technological advancements, and sustainability initiatives.

New opportunities lie in:

  • Development of eco-friendly coatings for green building certifications.
  • Investment in smart coatings with self-cleaning properties.
  • Expansion of e-commerce platforms for direct-to-consumer sales.

By 2035, the market is expected to achieve robust growth, driven by innovation and sustainability.

Market Segmentation

South Korea Paints Coatings Market Type Outlook

  • Water-Based Coatings
  • Solvent-Based Coatings
  • Powder Coatings
  • Specialty Coatings

South Korea Paints Coatings Market End Use Outlook

  • Residential
  • Commercial
  • Industrial
  • Automotive

South Korea Paints Coatings Market Application Outlook

  • Architectural
  • Industrial
  • Decorative
  • Automotive

South Korea Paints Coatings Market Formulation Outlook

  • Acrylic
  • Alkyd
  • Epoxy
  • Polyurethane

Report Scope

MARKET SIZE 2024 7.96(USD Billion)
MARKET SIZE 2025 8.17(USD Billion)
MARKET SIZE 2035 10.52(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 2.56% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Billion
Key Companies Profiled AkzoNobel (NL), PPG Industries (US), Sherwin-Williams (US), BASF (DE), Nippon Paint (JP), RPM International (US), Asian Paints (IN), Kansai Paint (JP), Valspar (US)
Segments Covered Type, Application, End Use, Formulation
Key Market Opportunities Growing demand for eco-friendly formulations in the paints coatings market presents significant opportunities.
Key Market Dynamics Rising demand for eco-friendly coatings drives innovation and regulatory shifts in South Korea's paints coatings market.
Countries Covered South Korea
Leave a Comment

FAQs

What is the expected market size of the South Korea Paints Coatings Market in 2024?

The South Korea Paints Coatings Market is expected to be valued at 8.5 USD Billion in 2024.

What is the projected market size for the South Korea Paints Coatings Market by 2035?

By 2035, the South Korea Paints Coatings Market is expected to reach a valuation of 12.0 USD Billion.

What is the expected compound annual growth rate (CAGR) for the South Korea Paints Coatings Market from 2025 to 2035?

The expected CAGR for the South Korea Paints Coatings Market from 2025 to 2035 is 3.185%.

Who are the key players in the South Korea Paints Coatings Market?

Major players include Samwha Paints, PPG Industries, and AkzoNobel among others.

What is the market value of the Acrylic resin segment in 2024?

The Acrylic resin segment of the South Korea Paints Coatings Market is valued at 2.3 USD Billion in 2024.

How much is the Alkyd resin segment expected to be valued in 2035?

The Alkyd resin segment is expected to reach a value of 2.8 USD Billion by 2035.

What is the market value for the Epoxy resin segment in 2024?

The Epoxy resin segment is valued at 1.5 USD Billion in 2024.

What challenges are impacting the South Korea Paints Coatings Market?

Challenges include fluctuating raw material prices and increasing environmental regulations.

What growth opportunities exist in the South Korea Paints Coatings Market?

Growth opportunities arise from increasing demand for innovative coatings and sustainable products.

What is the expected value for the Polyester resin segment in 2035?

The Polyester resin segment is expected to be valued at 2.2 USD Billion by 2035.

Download Free Sample

Kindly complete the form below to receive a free sample of this Report

No regional reports available for this market.

No country-specific reports available for this market.

Customer Stories
Case Study
Aerospace & Defense
Future of Dismounted Soldier Systems Market Trends & Adoption Roadmap 2019–2035

Compare Licence

×
Features License Type
Single User Multiuser License Enterprise User
Price $4,950 $5,950 $7,250
Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
Free Customization ✓ ✓ ✓
Direct Access to Analyst ✓ ✓ ✓
Deliverable Format ✓ ✓ ✓
Platform Access ✗ ✗ ✓
Discount on Next Purchase 10% 15% 15%
Printable Versions ✗ ✗ ✓