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EUROPE PAINTS & COATINGS MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Europe Paints & Coatings Market by Resin Type (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, Other Resin Types) Market by Technology (Waterborne, Solvent-borne, Powder Coatings, High Solids, Radiation Cured, Other Technologies) Market by Application (Aerospace, Industrial Coating, Wood Coating, Protective Coating, Marine Coating, Refinish Automotive, Automotive (OEM), Packaging Coating, Electronic Coating, Architectural (Interior/exterior), Special Coating) by Geography

MARKET OVERVIEW

The Europe paints & coatings market is projected to register a CAGR of 3.95% over the forecasting years of 2023-2032, acquiring a revenue share of $47001.92 million by 2032.

Some of the top factors propelling the region’s market growth include the increasing expenditure of government toward the construction industry, the rise in renovation activities in the residential as well as commercial sectors, as well as the increasing demand and consumption of sustainable and environment-friendly forms of paints. However, the Europe paints & coatings market may be restrained due to stringent government regulations upon deployment.

Europe-Paints & Coatings-Market

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The Europe paints & coatings market growth assessment includes the evaluation of the United Kingdom, Germany, France, Italy, Spain, Belgium, Poland, and Rest of Europe. The United Kingdom is one of the largest manufacturers of paints & coatings. As per the British Coatings Federation, three out of every four cans of paint sold in the nation are made domestically; over 30% of the United Kingdom’s production of paints is exported. This factor, in turn, makes the country a prominent manufacturer as well as a net exporter of coatings. Additionally, it is also estimated that three in every five paint manufacturing companies in the country export their products, thus demonstrating a significant production capacity located within the United Kingdom. The demand for protective coatings is also likely to increase in tandem with the expanding chemical sector. Aligning with this, INEOS is planning a mega investment at the Port of Antwerp in Flanders, with the expansion project evaluated at EUR 3 billion.

Conversely, the German economy is the largest in Europe and ranks fifth globally. As a crucial sector in the country, the German manufacturing industry accounts for approximately 80% of total industrial production. The nation is also among the major manufacturers of paints & coatings in the region, harboring close to 300 paints as well as printing ink manufacturers, with several small- and medium-sized companies. Furthermore, some of the major paint & coatings manufacturers are located in Germany, and these include BASF SE, Dow, Brillux, Altana Chemie, Beckers Group, Meffert, and Mankiewicz. As a result, the aforementioned factors are projected to facilitate the Europe paints & coatings market growth during the forecast period.

The Europe paints & coatings market is segmented into technology, application, and resin type. The technology segment includes waterborne, solvent-borne, powder coatings, high solids, radiation cured, and other technologies. Waterborne coatings constitute a major share as binders, solvents, performance additives, and pigments, according to the requirements. Besides, the proportion of resins and additives is variable, as per the application of the coatings.

The increasing eco-friendly nature, coupled with the versatile properties of waterborne coatings, are bolstering the demand for waterborne coatings across various regions. Moreover, the segment’s growth is mainly fuelled by the rise in architectural coatings applications.

Some of the top companies operating in the Europe paints & coatings market include Akzo Nobel NV, Jotun Group, PPG Industries Inc, etc. 

Akzo Nobel NV is a leading paints & coatings manufacturing company headquartered in the Netherlands. It offers automotive coatings, marine coatings, specialty coatings, industrial coatings, and protective coatings used in ships, yachts, cars, aircraft, oil and gas facilities, consumer goods, and architectural components. The company also provides paints, varnishes, adhesives, lacquers, mixing machines, and color concepts for the building and renovation sector.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million), Volume (Kilotons)
Segments Analyzed
Resin Type, Technology, Application
Countries AnalyzedThe United Kingdom, Germany, France, Italy, Spain, Belgium, Poland, and Rest of Europe
Companies AnalyzedAkzo Nobel NV, Berger Paints India Limited, Nippon Paint Holdings Co Ltd, Asian Paints Limited, Kansai Paint Co Ltd, Jotun Group, Axalta Coating Systems Ltd, Davies Paints Philippines Inc, Kova Paint Co Ltd, Pacific Paint (Boysen) Philippines Inc (Boysen Paints), PPG Industries Inc, PT Propan Raya ICC, RPM International Inc, The Sherwin-Williams Company, TOA Paint (Thailand) Public Company Limited, Haymes Paint

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. BIOCIDES ARE BEING USED IN PAINTS TO ENHANCE LONGEVITY
      2. PAINT MANUFACTURING COMPANIES USE LOW/ZERO VOLATILE ORGANIC COMPOUNDS TO ENSURE SAFE PAINT USE
      3. GLOBAL EXPANSION OF THE PAINTS & COATINGS MARKET FUELED BY RISING M&A ACTIVITY
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. DEVELOPMENTS IN CONSTRUCTION AND PROPERTY SECTORS
      2. THRIVING FURNITURE SECTOR
      3. DEMAND FOR WATERBORNE PAINTS
      4. INTRODUCTION OF PERSONALIZED SOLUTIONS
    2. KEY RESTRAINTS
      1. ENVIRONMENTAL CONCERNS
      2. UNCERTAINTY IN RAW MATERIAL PRICES
      3. REGULATORY CHALLENGES
      4. GEOPOLITICAL TENSIONS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
  5. MARKET BY RESIN TYPE
    1. ACRYLIC
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    2. POLYESTER
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    3. ALKYD
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    4. EPOXY
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    5. POLYURETHANE
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    6. OTHER RESIN TYPES
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
  6. MARKET BY TECHNOLOGY
    1. WATERBORNE
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    2. SOLVENT-BORNE
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    3. POWDER COATINGS
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    4. HIGH SOLIDS
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    5. RADIATION CURED
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    6. OTHER TECHNOLOGIES
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
  7. MARKET BY APPLICATION
    1. AEROSPACE
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    2. INDUSTRIAL COATING
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    3. WOOD COATING
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    4. PROTECTIVE COATING
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    5. MARINE COATING
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    6. REFINISH AUTOMOTIVE
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    7. AUTOMOTIVE (OEM)
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    8. PACKAGING COATING
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    9. ELECTRONIC COATING
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    10. ARCHITECTURAL (INTERIOR/EXTERIOR)
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
    11. SPECIAL COATING
      1. MARKET FORECAST
      2. SEGMENT ANALYSIS
  8. GEOGRAPHICAL ANALYSIS
    1. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE PAINTS & COATINGS MARKET DRIVERS
      3. EUROPE PAINTS & COATINGS MARKET CHALLENGES
      4. EUROPE PAINTS & COATINGS MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN EUROPE PAINTS & COATINGS MARKET
      6. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
        6. BELGIUM
          1. BELGIUM PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
        7. POLAND
          1. POLAND PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
        8. REST OF EUROPE
          1. REST OF EUROPE PAINTS & COATINGS MARKET SIZE & OPPORTUNITIES
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS
    2. COMPANY PROFILES
      1. AKZO NOBEL NV
      2. ASIAN PAINTS LIMITED
      3. AXALTA COATING SYSTEMS LTD
      4. BERGER PAINTS INDIA LIMITED
      5. DAVIES PAINTS PHILIPPINES INC
      6. HAYMES PAINT
      7. JOTUN GROUP
      8. KANSAI PAINT CO LTD
      9. KOVA PAINT CO LTD
      10. NIPPON PAINT HOLDINGS CO LTD
      11. PACIFIC PAINT (BOYSEN) PHILIPPINES INC (BOYSEN PAINTS)
      12. PPG INDUSTRIES INC
      13. PT PROPAN RAYA ICC
      14. RPM INTERNATIONAL INC
      15. THE SHERWIN-WILLIAMS COMPANY
      16. TOA PAINT (THAILAND) PUBLIC COMPANY LIMITED

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – PAINTS & COATINGS

TABLE 2: RAW MATERIALS

TABLE 3: EUROPE PAINTS & COATINGS MARKET, BY RESIN TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 4: EUROPE PAINTS & COATINGS MARKET, BY RESIN TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 5: EUROPE PAINTS & COATINGS MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 6: EUROPE PAINTS & COATINGS MARKET, BY TECHNOLOGY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 7: EUROPE PAINTS & COATINGS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 8: EUROPE PAINTS & COATINGS MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 9: EUROPE PAINTS & COATINGS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 10: EUROPE PAINTS & COATINGS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 11: EUROPE PAINTS & COATINGS MARKET REGULATORY FRAMEWORK

TABLE 12: KEY PLAYERS OPERATING IN EUROPE PAINTS & COATINGS MARKET

TABLE 13: LIST OF MERGERS & ACQUISITIONS

TABLE 14: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 15: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 16: LIST OF BUSINESS EXPANSIONS

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING

FIGURE 4: MARKET CONCENTRATION ANALYSIS

FIGURE 5: VALUE CHAIN ANALYSIS

FIGURE 6: EUROPE PAINTS & COATINGS MARKET, GROWTH POTENTIAL, BY RESIN TYPE, IN 2022

FIGURE 7: EUROPE PAINTS & COATINGS MARKET, BY ACRYLIC, 2023-2032 (IN $ MILLION)

FIGURE 8: EUROPE PAINTS & COATINGS MARKET, BY POLYESTER, 2023-2032 (IN $ MILLION)

FIGURE 9: EUROPE PAINTS & COATINGS MARKET, BY ALKYD, 2023-2032 (IN $ MILLION)

FIGURE 10: EUROPE PAINTS & COATINGS MARKET, BY EPOXY, 2023-2032 (IN $ MILLION)

FIGURE 11: EUROPE PAINTS & COATINGS MARKET, BY POLYURETHANE, 2023-2032 (IN $ MILLION)

FIGURE 12: EUROPE PAINTS & COATINGS MARKET, BY OTHER RESIN TYPES, 2023-2032 (IN $ MILLION)

FIGURE 13: EUROPE PAINTS & COATINGS MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2022

FIGURE 14: EUROPE PAINTS & COATINGS MARKET, BY WATERBORNE, 2023-2032 (IN $ MILLION)

FIGURE 15: EUROPE PAINTS & COATINGS MARKET, BY SOLVENT-BORNE, 2023-2032 (IN $ MILLION)

FIGURE 16: EUROPE PAINTS & COATINGS MARKET, BY POWDER COATINGS, 2023-2032 (IN $ MILLION)

FIGURE 17: EUROPE PAINTS & COATINGS MARKET, BY HIGH SOLIDS, 2023-2032 (IN $ MILLION)

FIGURE 18: EUROPE PAINTS & COATINGS MARKET, BY RADIATION CURED, 2023-2032 (IN $ MILLION)

FIGURE 19: EUROPE PAINTS & COATINGS MARKET, BY OTHER TECHNOLOGIES, 2023-2032 (IN $ MILLION)

FIGURE 20: EUROPE PAINTS & COATINGS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 21: EUROPE PAINTS & COATINGS MARKET, BY AEROSPACE, 2023-2032 (IN $ MILLION)

FIGURE 22: EUROPE PAINTS & COATINGS MARKET, BY INDUSTRIAL COATING, 2023-2032 (IN $ MILLION)

FIGURE 23: EUROPE PAINTS & COATINGS MARKET, BY WOOD COATING, 2023-2032 (IN $ MILLION)

FIGURE 24: EUROPE PAINTS & COATINGS MARKET, BY PROTECTIVE COATING, 2023-2032 (IN $ MILLION)

FIGURE 25: EUROPE PAINTS & COATINGS MARKET, BY MARINE COATING, 2023-2032 (IN $ MILLION)

FIGURE 26: EUROPE PAINTS & COATINGS MARKET, BY REFINISH AUTOMOTIVE, 2023-2032 (IN $ MILLION)

FIGURE 27: EUROPE PAINTS & COATINGS MARKET, BY AUTOMOTIVE (OEM), 2023-2032 (IN $ MILLION)

FIGURE 28: EUROPE PAINTS & COATINGS MARKET, BY PACKAGING COATING, 2023-2032 (IN $ MILLION)

FIGURE 29: EUROPE PAINTS & COATINGS MARKET, BY ELECTRONIC COATING, 2023-2032 (IN $ MILLION)

FIGURE 30: EUROPE PAINTS & COATINGS MARKET, BY ARCHITECTURAL (INTERIOR/EXTERIOR), 2023-2032 (IN $ MILLION)

FIGURE 31: EUROPE PAINTS & COATINGS MARKET, BY SPECIAL COATING, 2023-2032 (IN $ MILLION)

FIGURE 32: EUROPE PAINTS & COATINGS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 33: UNITED KINGDOM PAINTS & COATINGS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 34: GERMANY PAINTS & COATINGS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 35: FRANCE PAINTS & COATINGS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 36: ITALY PAINTS & COATINGS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 37: SPAIN PAINTS & COATINGS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 38: BELGIUM PAINTS & COATINGS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 39: POLAND PAINTS & COATINGS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 40: REST OF EUROPE PAINTS & COATINGS MARKET, 2023-2032 (IN $ MILLION)

FAQ’s