This review comprehensively analyzes the challenge of dispersing and stabilizing of various common nanomaterials (NMs), including TiO₂, SiO₂, Ag, ZnO, graphene, carbon nanotubes (CNTs) and some others, in paints and coatings. It delves into the critical factors influencing dispersion, such as nanoparticle size, shape, concentration, and their distribution within the coating matrix.The review encompasses all stages of dispersion methods, including wetting, separation techniques, and stabilization. Regarding stabilization, both chemical and physical stabilization methods are discussed, along with their mechanisms, involving surface modification or functionalization of NMs, particularly tailored for aqueous and solvent‐based coatings and common resins (Acrylic, Urethane, Epoxy, Alkyd, etc.). Furthermore, common blending methods to fabricate uniform paints, coatings, and nanocomposites (NCPs) are examined. By providing a comprehensive understanding of the mechanisms governing NM dispersion and stabilization, this review facilitates the selection of appropriate surface modifications based on the specific resins or solvents, thereby enabling the fabrication of high‐performance paints and coatings. In summary, this review elucidates the essence of addressing the challenges associated with NM dispersion and stabilization, outlines methodologies employed, discusses findings regarding their effects on coating properties, and recommends tailored approaches for fabricating high‐performance paints and coatings.