The Paints & Coatings Industry in Europe is Expected to Grow to $34.3 Billion by 2025

DUBLIN, Jan. 13, 2021 /PRNewswire/ -- The "European Paints & Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Waterborne, Solvent-borne, Powder), Application (Architectural, Industrial), and Country - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The European paints & coatings market is projected to grow from USD 30.6 billion in 2020 to USD 34.3 billion by 2025, at a CAGR of 2.3% between 2020 and 2025.

Economic & demographic growth, increasing residential building activities, growing urbanization, and increase in housing construction expenditure are the important drivers of the European paints & coatings market.

Architectural is projected to be the largest end-use industry, in terms of volume for European paints & coatings. The architectural paints & coatings market is estimated to witness growth due to increasing disposable income and growing demand for interior decoration & beautification in both residential as well as commercial segments. The growing urban population in most of the developing regions is driving the construction industry. Growth in the non-residential sector is mainly due to the growing demand for commercial spaces, such as office space, shopping malls, retail stores, and multiplexes.

Waterborne is projected to be the largest technology segment of European paints & coatings

Waterborne is the largest technology segment, in terms of both value and volume, between 2020 and 2025. Waterborne coatings use water as a solvent, which makes them environmentally friendly and easy to apply. In most cases, waterborne coatings contain up to 80% water with small quantities of other solvents, such as glycol ethers. They are used for many applications such as wood coatings, furniture coatings, plastic coatings, and printing inks. Binders used in waterborne coatings are polyacrylate, polyvinyl ethers, polyurethane, epoxy, and alkyd resins.

Acrylic resin is the fastest-growing segment of the European paints & coatings market

Acrylic is the fastest-growing resin in architectural paint & coating, in terms of volume, between 2020 and 2025. Acrylic is an extensively used resin in architectural coatings as it is a low-cost material that provides water resistance, good stain protection, and good water resistance. Acrylic resins are available as solvents and in water-reducible form and as emulsions. Acrylic paints and coatings are used in a wide range of applications owing to their chemical characteristics and unique esthetic properties. The demand for acrylic paints and coatings is high in automotive, medical device, paints & coatings, and construction industries. These factors are driving the demand for acrylic architectural coatings, globally.

Norway is the fastest market for European paints & coatings during the forecast period

Norway is projected to be the fastest-growing market for European paints & coatings during the forecast period. The number of public investments in the country is expected to increase over the next few years owing to the aging population. Hospitals and nursing homes are expected to become a priority, and various large hospitals are being planned. Furthermore, maintenance of roadways and railways, including metros and new construction, are expected to be major growth drivers for paints and coatings in the country over the next few years. The alignment of various political goals with the overall improvement of infrastructure and transportation facilities to enhance regional connectivity will also boost the demand for paints and coatings in Norway.

Research Coverage

The European paints & coatings market has been segmented based on resin type (acrylic, alkyd, epoxy, polyester, polyurethane, fluoropolymer, vinyl, and others), technology (waterborne, solventborne, and powder coating), end-use industry (architectural, industrial), and country. The end-use industry segments are further analyzed for each country. The key companies profiled in this report are AkzoNobel N.V. (Netherlands), PPG Industries (US), Sherwin-Williams Company (US), BASF Coatings GmbH (Germany), and Axalta Coating System LLC (US).

Extensive primary interviews have been conducted, and information has been gathered from secondary research to determine and verify the market size of several segments and sub-segments.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Paints & Coatings Market
4.2 Europe Paints & Coatings Market, by Resin Type
4.3 Paints & Coatings Market, by End-use Industry and Country
4.4 Paints & Coatings Market Attractiveness, by Key Countries

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Green Environmental Regulations
5.2.1.2 Increasing Demand for Premium Paints
5.2.1.3 High Demand for DIY Paint During the Lockdown Period
5.2.1.4 Availability of Durable Coatings with Better Performance and Esthetics
5.2.1.5 Technological Advancements in Powder Coatings
5.2.2 Restraints
5.2.2.1 Economic Slowdown and Impact of COVID-19 on European Industrial Sectors
5.2.2.2 Decrease in Number of Commercial Aircraft Deliveries
5.2.2.3 Disruption in Supply Chain and Lower Production Utilization due to COVID-19 Pandemic
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Technologically-Advanced Coatings in Automotive and Aerospace Industries
5.2.3.2 Rising Usage of Antimicrobial Coatings in Novel Applications
5.2.3.3 Increasing Paint Consumption Per Capita in Developing Countries in Europe
5.2.4 Challenges
5.2.4.1 Environmental Challenges and Stringent Regulatory Policies
5.3 Porter's Five Forces Analysis
5.4 Regulations
5.5 Pricing Analysis
5.6 Paints & Coatings Ecosystem
5.7 Trade Analysis
5.7.1 Import-Export Scenario of Paints & Coatings in European Market
5.8 Patent Analysis
5.8.1 Methodology
5.8.2 Publication Trends
5.8.3 Top Applicants
5.9 Case Study Analysis
5.1 Technology Analysis

6 Macroeconomic Trends and Impact of COVID-19
6.1 Macroeconomic Overview and Key Trends
6.1.1 Introduction
6.1.2 Trends and Forecast of GDP
6.1.3 Trends and Forecast of Global Automotive Industry
6.2 COVID-19 Impact
6.3 COVID-19 Economic Assessment
6.3.1 COVID-19 Economic Impact - Scenario Assessment

7 COVID-19 Impact on Paints & Coatings Market
7.1 Value Chain of the Paints & Coatings Industry
7.2 Impact on Value Chain
7.2.1 Raw Materials/Suppliers
7.2.1.1 Impact of COVID-19 on Raw Materials and Suppliers
7.2.1.1.1 Resins
7.2.1.1.2 Pigments
7.2.1.1.3 Solvents
7.2.1.1.4 Additives
7.2.2 Paints and Coatings Formulators
7.2.2.1 Impact of COVID-19 on Formulators
7.2.3 Applicators
7.2.3.1 Impact of COVID-19 on Applicators
7.2.4 Distributors
7.2.4.1 Impact of COVID-19 on Distributors
7.2.5 End-use Industries
7.2.5.1 Impact of COVID-19 on End-use Industries
7.3 Customer Analysis
7.3.1 Shift in Automotive Industry
7.3.1.1 Disruption in the Industry
7.3.2 Impact on Customers' Output & Strategies to Resume/Improve Production
7.3.2.1 Impact on Customers' Revenues
7.3.2.2 Most Impacted Countries
7.3.2.2.1 Short-Term Strategies to Manage Cost Structure and Supply Chains
7.3.2.3 New Market Opportunities/Growth Opportunities
7.3.2.3.1 Measures Taken by Customers
7.3.2.4 Customers' Perspective on Growth Outlook
7.4 Shift in Aerospace Industry
7.4.1 Disruption in the Industry
7.4.2 Impact on Customers' Output & Strategies to Resume/Improve Production
7.4.3 Impact on Customers' Revenues
7.4.3.1 Most Impacted Regions
7.4.3.2 Short-Term Strategies to Manage Cost Structure and Supply Chains
7.4.4 New Market Opportunities/Growth Opportunities
7.4.4.1 Customers' Perspective on Growth Outlook
7.5 Shift in Construction Industry

8 Paints & Coatings Market, by Resin Type
8.1 Introduction
8.2 Acrylic
8.2.1 Acrylics Widely Used due to Their Good Appearance, Weatherability, and Electrostatic Characteristics
8.3 Alkyd
8.3.1 Alkyds are Low Cost, Low Toxicity, and Low Surface Tension Resins That Permits Wetting of Most Surfaces
8.4 Epoxy
8.4.1 Epoxy Paints & Coatings are Capable of Curing at Ambient or High Temperatures and Minimal Pressure
8.5 Polyester
8.5.1 Polyester Offers Low Cost, Dimensional Stability, Good Mechanical Strength, and High Chemical Resistance
8.6 Polyurethane
8.6.1 Polyurethane Resin Paints Possess High Durability, Toughness, High Gloss, and are Easy to Clean
8.7 Fluoropolymer
8.7.1 PTFE Coatings Widely Used in Cookware, Scratch-Free Windshield Wiper, Fabric Protectors, and PCB
8.8 Vinyl
8.8.1 Air-Drying Coatings with Vinyl Copolymers Provide Toughness and Good Resistance to Water and Chemicals
8.9 Others

9 Europe Paints & Coatings Market Analysis, by Technology
9.1 Introduction
9.2 Waterborne Technology
9.2.1 Quality and Strength of Waterborne Coatings Dependent on Resin, Additives, and Pigments
9.3 Solventborne Technology
9.3.1 Solventborne Resins Segment Declining as Innovations in this Technology are Limited
9.4 Powder Coating
9.4.1 Growing Requirement for Durable, Better Weathering, and Robust Mechanical Properties Fueling Demand for Powder Coatings
9.5 Others

10 Europe Paints & Coatings Market, by End-use Industry
10.1 Introduction
10.2 Architectural End-use Industry
10.2.1 Economic Growth and Higher Incomes Boosting the Demand for Architectural Coatings
10.2.2 Residential
10.2.3 Non-Residential
10.2.4 Infrastructure
10.3 Industrial
10.3.1 Paints & Coatings Used for Corrosion Control of Steel or Concrete in Numerous Applications
10.3.2 General Industrial
10.3.3 OEM
10.3.3.1 Passenger Cars
10.3.3.2 Commercial Vehicles
10.3.3.3 Heavy-Duty Equipment
10.3.3.4 Rail
10.3.3.5 Aerospace
10.3.3.6 Marine
10.3.4 Wood Coating
10.3.5 Others
10.3.5.1 Protective Coatings
10.3.5.2 Coil Coating
10.3.5.3 Packaging

11 Europe Paints & Coatings Market, by Country
11.1 Introduction
11.2 Germany
11.3 Russia
11.4 France
11.5 UK
11.6 Italy
11.7 Poland
11.8 Turkey
11.9 Spain
11.10 Sweden
11.11 Denmark
11.12 Norway
11.13 Finland
11.14 Lithuania
11.15 Latvia
11.16 Estonia
11.17 Rest of Europe

12 Competitive Landscape
12.1 Introduction
12.2 Competitive Leadership Mapping
12.2.1 Stars
12.2.2 Emerging Leaders
12.2.3 Pervasive
12.2.4 Emerging Companies
12.3 Strength of Product Portfolio
12.4 Business Strategy Excellence
12.5 Market Share Analysis
12.5.1 Performance of Top Coating Companies in 2020
12.6 Competitive Scenario
12.6.1 Market Evaluation Matrix
12.6.2 Investments & Expansions
12.6.3 Mergers & Acquisitions
12.6.4 New Product Launches
12.6.5 Joint Ventures & Agreements

13 Company Profiles
13.1 AkzoNobel N.V.
13.2 PPG Industries
13.3 Sherwin-Williams Company
13.4 BASF Coatings GmbH
13.5 Axalta Coating System LLC
13.6 RPM International Inc.
13.7 Hempel A/S
13.8 Jotun A/S
13.9 Kansai Paints Co. Ltd.
13.10 Tikkurila Oyj
13.11 Beckers Group
13.12 Tiger Coatings GmbH & Co. KG
13.13 DAW SE
13.14 Teknos Group
13.15 Cromology (Formerly Materis Paints)
13.16 Brillux GmbH & Co. KG
13.17 Mankiewicz Gebr. & Co.
13.18 IVM Chemicals
13.19 Worwag
13.20 Flugger Group A/S
13.21 Corporacao Industrial Do Norte
13.22 Meffert AG Farbwerke
13.23 Weilburger
13.24 Remmers
13.25 STO Corp.

14 Adjacent/Related Markets

15 Appendix
15.1 Discussion Guide
15.2 Knowledge Store: The Subscription Portal
15.3 Available Customizations

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