The post-pandemic reopening of economies in the developed and developing parts of the world has opened new doors for various industries, especially construction and real estate. With the revival of infrastructure development projects, the demand for paintings and coatings has also reached unprecedented levels, parallelly pushing the sales of metal paint cans.
The metal paint can market valuation is ready to reach a staggering USD 3.40 billion as of 2024. With the ongoing sustainability trends initiating a slight plunge, the market is slated to grow at a modest CAGR of 4.30%, taking the overall valuation to USD 5.20 billion by the end of 2034. This decent demand is also attributed to the flexibility, sturdiness, and strong barrier properties of these metal cans.
| Attributes | Details |
|---|---|
| Market Value for 2024 | USD 3.40 billion |
| Projected Market Value for 2034 | USD 5.20 billion |
| Value-based CAGR of the Market for 2024 to 2034 | 4.30% |
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Metal paint cans, owing to the different needs of the various industries, come with different capacities. Among these, metal cans with a capacity of up to 5 liters hold a market share of 65% as of 2024.
| Attributes | Details |
|---|---|
| Capacity | Up to 5 Litres |
| Market Share (2024) | 65% |
Metal paint cans find their applications in various industries, such as building and construction, aerospace, automotive, etc. Among these, the building and construction sector holds a substantial 45% of the overall market share.
| Attributes | Details |
|---|---|
| Application | Building and Construction |
| Market Share (2024) | 45% |
| Countries | CAGR (2024 to 2034) |
|---|---|
| India | 4.50% |
| Thailand | 4.50% |
| South Korea | 4.40% |
| China | 4.40% |
| Spain | 4.30% |
The India metal paint can market is a promising one. It is slated to grow at a CAGR of 4.50% through 2034.
Over the past few years, India has been experiencing tremendous infrastructural growth, thanks to the increased investments by public as well as private real-estate companies. This has created an excellent demand for metal-based paint cans in the country.
Apart from this, rising urbanization and the emergence of smart cities in India have also paved the way for the metal-based paint can industry to flourish in the country’s enormous industrial landscape.
Thailand is also one of the most lucrative countries in this market. It is very likely to grow at a CAGR of 4.50 through 2034.
Thailand is well-known for its vibrant tourism and hospitality sector. Every year, millions of tourists from the West flock to the country to take advantage of its cheap vacation and staycation spots.
This has also considerably put tremendous pressure on its construction and building sector as the demand for hotels, resorts, and other accommodation facilities continues to rise. With this, the requirement for metal-based paint cans is also anticipated to break the ceilings in the country.
The future of the South Korea metal paint can market also looks very bright. The market is slated to grow at a CAGR of 4.40% through 2034.
The presence of a multitude of automotive companies in South Korea, such as Hyundai, Kia, and SsangYong, has automatically generated substantial demand for metal-based paint cans as they are essential for packaging automotive coatings used in the manufacturing and repair of vehicles.
Apart from this, government support for the green and sustainable development of buildings has also encouraged the use of high-quality paints and coatings that require reliable packaging solutions, such as those involving metal-based paint cans.
The market in China is slated to grow at a CAGR of 4.40% from 2024 to 2034. In the last few years, especially after the pandemic, China has experienced an outstanding expansion in its manufacturing sector, including automotive, electronics, and construction materials, automatically fueling demand for industrial coatings and paints in the country.
This has increased the sales of metal paint cans as they are essential for packaging these products due to their strength and resistance to damage during transportation and storage.
The market in Spain is also very likely to flourish in the coming years. It is slated to grow at a CAGR of 4.30% through 2034.
Spain, as a country, is filled with historical buildings and monuments due to its rich cultural heritage and centuries of history. Preservation of these monuments often requires high-quality paints and coatings. This has increased the preference for metal-based paint cans for packaging these specialized paints and coatings due to their durability and ability to protect the contents from environmental factors.
Besides this, Spain is also known for its architectural innovations and contemporary design trends, which drive demand for specialized paints and coatings and, hence, metal-based paint cans.
The metal paint can market is a well-established one with a multitude of companies vying for market dominance. Sustainability has significantly influenced the industry as market players have already started replacing metal cans with more sustainable and eco-friendly materials.
These players are also investing in research and development to improve the sustainability of metal-based paint cans and are focusing on enhancing the recyclability of metal-based paint cans to align with growing environmental awareness and regulations.
Some of the prominent companies in the market are Sherwin-Williams, PPG Industries, AkzoNobel, RPM International Inc., The Valspar Corporation, Nippon Paint Holdings Co., Ltd., Axalta Coating Systems, Benjamin Moore & Co.
The metal paint can market is a well-established one with a multitude of companies vying for market dominance. Sustainability has significantly influenced the industry as market players have already started replacing metal cans with more sustainable and eco-friendly materials.
These players are also investing in research and development to improve the sustainability of metal-based paint cans and are focusing on enhancing the recyclability of metal-based paint cans to align with growing environmental awareness and regulations.
Some of the prominent companies in the market are Sherwin-Williams, PPG Industries, AkzoNobel, RPM International Inc., The Valspar Corporation, Nippon Paint Holdings Co., Ltd., Axalta Coating Systems, Benjamin Moore & Co.
Recent Developments
PPG Industries
PPG, a global leader with 135+ years of experience, offers innovative solutions beyond paint. Their products cater to diverse industries, from aerospace to marine, ensuring successful project outcomes. PPG's expertise, built on a foundation of partnership and innovation, addresses customers' evolving needs worldwide.
AkzoNobel
AkzoNobel, a Dutch multinational, pioneers paints and coatings globally. With a legacy spanning two centuries, it leads to sustainability and innovation. From industry to consumers, its products reach over 150 countries, embodying quality, durability, and a commitment to inventing the future of coatings.
RPM International Inc.
RPM International Inc., a multinational corporation worth USD 7.3 billion, specializes in specialty coatings, sealants, and building materials. Renowned for its market-leading brands, RPM products are trusted globally in homes, workplaces, and iconic structures. Traded as RPM on the NYSE, the company boasts 203,000 institutional and individual investors.
Other Prominent Companies:
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The market is expected to be worth USD 3.40 billion in 2024.
The metal paint can market is expected to reach USD 5.20 billion by 2034.
The market is set to develop at a CAGR of 4.30% from 2024 to 2034.
Sherwin-Williams, PPG Industries, AkzoNobel, RPM International Inc., The Valspar Corporation, Nippon Paint Holdings Co., Ltd., Axalta Coating Systems, Benjamin Moore & Co., are some of the major players in the market.
The market valuation in 2023 was USD 3.10 billion.
| Industry Size (2025E) | USD 5,561.5 million |
| Industry Value (2035F) | USD 8,311.9 million |
| CAGR (2025 to 2035) | 4.1% |
| Market Size in (2023) | USD 5.3 Billion |
|---|---|
| Market Size in (2033) | USD 8 Billion |
| Market CAGR (2023 to 2033) | 4.2% |
| Market Size 2023 | USD 1.2 billion |
|---|---|
| Market Size 2033 | USD 1.8 billion |
| Value CAGR (2023 to 2033) | 4.1% |
| Estimated Size, 2021 (E) | USD 369.2 million |
|---|---|
| Projected Size, 2031 (F) | USD 686.6 million |
| Value-based CAGR (2021 to 2031) | 6.4% |
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