Europe Paints and Coatings Market Introduction and Overview
According to SPER Market Research, the Europe Paints and Coatings Market is estimated to reach USD 50.39 Billion by 2033 with a CAGR of 3.7%.
The report includes an in-depth analysis of the Europe Paints and Coatings Market, including market size and trends, product mix, applications, and supplier analysis. Paint is defined as a dispersion or combination in a liquid or medium comprising invisible colours or grains. Conversely, coatings consist of several substances that, depending on how they are applied, resemble paint, like varnishes and synthetic adhesives. Moreover, coatings are mainly utilised as protection against corrosion-related damage or surface deterioration, whereas paints are chemicals used to improve the aesthetics of the surface to which they are applied. Paints and coatings are used in a variety of industries, including architecture, transportation, aviation, and others, to provide specific attributes like flame retardancy, anti-fouling, and anti-microbial properties.
- April 2023: By purchasing the Chinese Decorative Paints subsidiary of Sherwin-Williams, Akzo Nobel is bolstering its presence in China. This is what Sherwin-Williams calls the "Chinese Architectural Paint business".
- February 2023: CWS Lackfabrik GmbH was fully acquired by Kansai Helios Coatings GmbH, a European consolidated subsidiary of Kansai Paint Co., Ltd. The company's experience with powder coatings and synthetic resins is well-complemented and expanded by this acquisition for KANSAI HELIOS, which will also increase the Kansai Paint Group's competitiveness.
Market Opportunities and Challenges
Europe Paints and Coatings Market Opportunity: The public sector's efforts to increase demand for VOC-free coatings by enforcing environmental standards create lucrative opportunities for market participants over the projection period. New laws and guidelines are created by the European Commission and other federal government agencies, like the Eco-product Certification Scheme (ECS). These regulations guarantee a sustainable and green environment with negligible or no emissions of volatile organic compounds. By encouraging companies that produce paints and coatings to invest in bio-based raw ingredients, these regulations will produce paints and coatings that are more ecologically friendly. In addition, government regulations in the US and Western Europe, especially those concerning air pollution, will persist in promoting the uptake of novel low-emission coating technologies. Furthermore, the market for paints and coatings will continue to rise in the future due to technological innovations in powder coating and improvements in coating performance.
Europe Paints and Coatings Market Challenge: Waterborne coatings require more time to dry and cure than their solvent-borne equivalents, and changes in humidity can have an impact on how they are applied. Elevated relative humidity prevents water from evaporating, resulting in insufficient curing and reduced efficacy. Furthermore, paints that are applied with water are susceptible to freezing and become useless. The market expansion for paints and coatings is hampered by these constraints. In order to comply with strict environmental requirements, manufacturers must continuously improve their operations. Legislators who concentrate on volatile organic compounds (VOCs) may favour large mass emissions over low mass emissions, which could result in drawn-out approval procedures and more obstacles for the market to flourish.
Market Competitive Landscape
The major key players in the Europe Paints and Coatings Market are: Akzo Nobel NV, BASF Coatings GmbH, Beckers Group, Hempel A/S, Henkel AG & Co. KGaA, J.W. Ostendorf, Jotun, Jotun A/S, Kansai Paints Co. Ltd., PPG Industries, Inc., RPM International Inc., Shawcor, Sherwin-Williams, Sika Ag, Teknos Group, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Resin Type, By Technology, By Industry Verticals
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| Regions covered | France, Germany, Italy, Spain, Sweden, UK and rest of Europe
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| Companies Covered | Akzo Nobel NV, BASF Coatings GmbH, Beckers Group, Hempel A/S, Henkel AG & Co. KGaA, J.W. Ostendorf, Jotun, Jotun A/S, Kansai Paints Co. Ltd., PPG Industries, Inc., RPM International Inc., Shawcor, Sherwin-Williams, Sika Ag, Teknos Group, Others |
COVID-19 Impact on Europe Paints and Coatings Market
Due to a decline in worldwide demand, the coronavirus outbreak had a major effect on the paint and coatings industry, especially on the Chinese economy. The epidemic caused credit stress, a steep fall in growth rates, and an increase in market uncertainty. In Europe, limits on movement resulted in significant economic disruptions for a number of industries. Lockdowns disrupted office and industrial operations, impacting labour and slowing down industries including electronics, automotive, and construction. But as regulatory agencies progressively ease lockdown protocols, the industry is anticipated to recover. By the end of the forecast period, some market segments—like antimicrobial coatings in food and healthcare—will have experienced rapid increase due to worldwide expenditures supporting their growth.
Key Target Audience
- Architects and Designers
- Automotive Manufacturers
- Commercial and Residential Builders
- Construction and Real Estate Developers
- Homeowners and DIY Enthusiasts
- Industrial Manufacturers
- Maintenance and Restoration Companies
- Manufacturers of Coating Materials
- Paint Retailers and Distributors
- Others
Our in-depth analysis of the Europe Paints and Coatings Market includes the following segments:
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By Resin Type:
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Acrylic
Alkyd
Epoxy
Fluoropolymer
Polyester
Polyurethane
Vinyl
Others
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By Technology:
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Powder
Solvent Borne
UV-cured Coating
Waterborne
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By Industry Verticals:
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Architectural
Commercial
Industrial
Residential
Others
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By Connectivity:
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Connected charging stations
Non-connected charging stations
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By Application:
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Commercial
Residential
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Key Topics Covered in the Report
- Europe Paints and Coatings Market Size (FY’2023-FY’2033)
- Overview of Europe Paints and Coatings Market
- Segmentation of Europe Paints and Coatings Market By Resin Type (Acrylic, Alkyd, Epoxy, Fluoropolymer, Polyester, Polyurethane, Vinyl, Others)
- Segmentation of Europe Paints and Coatings Market By Technology (Powder, Solvent Borne, UV-cured Coating, Waterborne)
- Segmentation of Europe Paints and Coatings Market By Industry Verticals (Architectural, Commercial, Industrial, Residential, Others.)
- Statistical Snap of Europe Paints and Coatings Market
- Expansion Analysis of Europe Paints and Coatings Market
- Problems and Obstacles in Europe Paints and Coatings Market
- Competitive Landscape in the Europe Paints and Coatings Market
- Impact of COVID-19 and Demonetization on Europe Paints and Coatings Market
- Details on Current Investment in Europe Paints and Coatings Market
- Competitive Analysis of Europe Paints and Coatings Market
- Prominent Players in the Europe Paints and Coatings Market
- SWOT Analysis of Europe Paints and Coatings Market
- Europe Paints and Coatings Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Paints and Coatings Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Paints and Coatings Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Paints and Coatings Market
7. Europe Paints and Coatings Market, By Resin Type (USD Million)
7.1. Europe Paints and Coatings Market Value Share and Forecast, By Resin Type, 2023-2033
7.2. Acrylic
7.3. Alkyd
7.4. Epoxy
7.5. Fluoropolymer
7.6. Polyester
7.7. Polyurethane
7.8. Vinyl
7.9. Others
8. Europe Paints and Coatings Market, By Technology (USD Million)
8.1. Europe Paints and Coatings Market Value Share and Forecast, By Technology, 2023-2033
8.2. Powder
8.3. Solvent Borne
8.4. UV-cured Coating
8.5. Waterborne
9. Europe Paints and Coatings Market, By Industry Verticals (USD Million)
9.1. Europe Paints and Coatings Market Value Share and Forecast, By Industry Verticals, 2023-2033
9.2. Architectural
9.3. Commercial
9.4. Industrial
9.5. Residential
9.6. Others
10. Europe Paints and Coatings Market Forecast, 2019-2033 (USD Million)
10.1. Europe Paints and Coatings Market Size and Market Share
11. Europe Paints and Coatings Market, By Resin Type, 2019-2033 (USD Million)
11.1. Europe Paints and Coatings Market Size and Market Share By Resin Type (2019-2026)
11.2. Europe Paints and Coatings Market Size and Market Share By Resin Type (2027-2033)
12. Europe Paints and Coatings Market, By Technology, 2019-2033 (USD Million)
12.1. Europe Paints and Coatings Market Size and Market Share By Technology (2019-2026)
12.2. Europe Paints and Coatings Market Size and Market Share By Technology (2027-2033)
13. Europe Paints and Coatings Market, By Industry Verticals, 2019-2033 (USD Million)
13.1. Europe Paints and Coatings Market Size and Market Share By Industry Verticals (2019-2026)
13.2. Europe Paints and Coatings Market Size and Market Share By Industry Verticals (2027-2033)
14. Europe Paints and Coatings Market, By Region, 2019-2033 (USD Million)
14.1. Europe Paints and Coatings Market Size and Market Share By Region (2019-2026)
14.2. Europe Paints and Coatings Market Size and Market Share By Region (2027-2033)
14.3. France
14.4. Germany
14.5. Italy
14.6. Spain
14.7. Sweden
14.8. UK
14.9. Rest of Europe
15. Company Profile
15.1. Akzo Nobel NV
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. BASF Coatings GmbH
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Beckers Group
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Hempel A/S
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Henkel AG & Co. KGaA
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. J.W. Ostendorf
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Jotun A/S
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Kansai Paints Co. Ltd.
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. PPG Industries, Inc.
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. RPM International Inc.
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. Shawcor
15.11.1. Company details
15.11.2. Financial outlook
15.11.3. Product summary
15.11.4. Recent developments
15.12. Sherwin-Williams
15.12.1. Company details
15.12.2. Financial outlook
15.12.3. Product summary
15.12.4. Recent developments
15.13. Sika Ag
15.13.1. Company details
15.13.2. Financial outlook
15.13.3. Product summary
15.13.4. Recent developments
15.14. Teknos Group
15.14.1. Company details
15.14.2. Financial outlook
15.14.3. Product summary
15.14.4. Recent developments
15.15. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
