• Blog
  • European Paints And Coatings Market Report

    European Paints And Coatings Market Report

    European Paints And Coatings Market Report
    Report code - SR2760 Delivery - 2 Weeks
    European Paints and Coatings Market Size, Share, Trend, Forecast, Competitive Analysis, an See more...

    Market Highlights

    Paints and coatings are formed of solvents, binders, additives, hardeners, and pigments provided by a variety of raw material producers, suppliers, or distributors. These are utilized in residential, non-residential, commercial, and industrial settings for their aesthetic and protective qualities, such as in automotive, marine, aerospace, wood, protective, and coil coatings. The paints and coatings business is currently concentrating on cutting-edge, cost-effective, high-performance compounds that offer permeability, extending the product's shelf life. The design and development of raw materials are always evolving technologically.

    Given the widespread consumer interest in interior design, architectural paints produced and utilized in Western Europe are exclusively medium- to high-end goods. In Russia, the Commonwealth of Independent States, and Central and Eastern Europe, economic goods have long been in demand. In the long run, as living standards rise in emerging economies, consumer preferences for paint quality will shift towards more expensive goods. Thus, during the projection period, the European market is anticipated to be driven by rising living standards and customer preference for luxury goods. Overall, the European paints and coatings market is likely to grow at a promising CAGR of 2.3% in the long run to reach US$ 41.6 Billion in 2028.

    Segments Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Resin-Type Analysis

    Acrylic, Alkyd, Epoxy, Polyester, Polyurethane, Fluoropolymer, Vinyl, and Others.

    Acrylic is anticipated to remain the biggest demand generator for the European paints and coatings market in the years to come.

    Technology-Type Analysis

    Waterborne, Solvent-borne, Powder, and Others.

    Powder-based technology is likely to be dominant in the years to come.

    End-Use Industry Analysis

    Architectural, Industrial, General Industries, OEM, Wood, and Others.

    The industrial end-use industry is projected to be the fastest and most dominant in the coming years.

    Country Analysis

    Germany, France, The UK, Russia, and The Rest of Europe.

    Germany is expected to remain the largest market over the next five years.

    Based on the technology type, the European paints and coatings market is segmented into waterborne, solvent-borne, powder, and others. Powder is expected to remain the largest and fastest-growing technology type [Da1] in the market during the forecast period. Thermosets and thermoplastics are two categories of powder-based coatings. Cross-linker is included in the formulation using thermosets. The performance attributes of the powder are improved by polymerization when the powder is baked and reacts with other chemical groups in the powder. Thermoplastics, on the other hand, merely flow out into the final coating during the baking process and do not go through any additional action. Due to the absence of solvents in the coating formulation, powder coatings present an appealing potential for pollution avoidance. There is no hazardous waste to dispose of, and these have high transfer efficiency.

    Based on the end-use industry type, the market is segmented into architectural, industrial, general industries, OEM, wood, and others. Industrial is expected to remain the dominant as well as the fastest-growing end-use industry type in the market during the forecast period. Although it frequently offers both, an industrial coating or paint is defined by its protective rather than its decorative qualities. They are used to prevent corrosion in steel or concrete. However, this is a complicated market with several uses. General industrial, automotive OEM, automotive refinish, wood, protection, marine, coil, packaging, aerospace, and other industries are divided under the category of industrial application. The COVID-19 pandemic outbreak and the widespread implementation of containment measures by Member States, as a result, had a substantial negative impact on the industrial productivity of the EU in 2020. In the same year compared to 2019, industrial production in the European Union fell by 7%, but it increased by 8% in 2021 compared to 2020. Almost all industrial operations have seen a boost recently, with the production of basic metals reaching its highest peak.

    In terms of country, Germany is expected to remain the largest market for European paints and coatings during the forecast period. Germany's economy is the fourth largest in the world and the biggest in the European Union. It is the most populous and industrialized nation in Europe. The market for industrial and ornamental coatings in Europe is dominated by this nation. Additionally, it was the world's largest exporter of decorative coatings in 2021, with an export share of 16.9%. It is anticipated that the construction industry will grow faster than the nation's economy.


     [Da1]The possible words for expressing the dominance are largest segments, pioneer, demand generator, dominant, etc. please use such words for expression. 

    Key Players

    The following are the key players in the European paints and coatings market.

    • Akzo Nobel N.V.
    • Axalta Coating Systems Llc
    • BASF Coatings Gmbh
    • Beckers Group
    • Hempel A/S
    • Jotun A/S
    • Kansai Paint Co., Ltd
    • PPG Industries, Inc.
    • RPM International Inc.
    • The Sherwin-Williams Company

    Research Methodology

    This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s European paints and coatings market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • COVID-19 impact and its recovery curve
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for existing and new players
    • Key success factors

    The European paints and coatings market is segmented into the following categories. 

    European Paints and Coatings Market, by Resin Type

    • Acrylic (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Alkyd (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Epoxy (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Polyester (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Polyurethane (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Fluoropolymer (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Vinyl (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)

    European Paints and Coatings Market, by Technology Type

    • Water-Borne (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Solvent-Borne (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Powder (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)

    European Paints and Coatings Market, by End-use Industry Type

    • Architectural (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Industrial (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • General industries (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • OEM (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Wood (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Others (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)

    European Paints and Coatings Market, by Country

    • Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players based on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The European paints and coatings market is estimated to grow at a CAGR of 2.3% by 2028, driven by the widespread consumer interest in interior design, architectural paints, produced and utilized in Western Europe are exclusively medium- to high-end goods.

    Akzo Nobel N.V., Axalta Coating Systems LLC, BASF Coatings GmBh, PPG Industries, Inc., RPM International Inc., and The Sherwin-Williams Company are the leading players in the European paints and coatings market.

    Germany is estimated to remain dominant in the European paints and coatings market in the foreseeable future. Germany's economy is the fourth largest in the world and the biggest in the European Union. It is the most populous and industrialized nation in Europe

    •   

      Why are We Class Apart?

      Advanced Materials Offer Next Growth Wave

      We Specialize in Composites & other Materials Market Research

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      Clients Across the Value Chain

      Track the Latest Trends in Advanced Materials

      Know High Growth Opportunities