Market Trends of europe architectural coatings Industry
This section covers the major market trends shaping the Europe Architectural Coatings Market according to our research experts:
Residential is the largest segment by Sub End User.
- Among the end-user segments, the residential segment dominated the construction sector in 2020, generating the highest demand for architectural coatings in the European market, with a share of 71.61%.
- The share of residential coatings has been declining over the past five years due to the relatively slow growth of residential construction compared to commercial. However, in 2020, the high growth of the residential DIY segment in many countries and the contraction of commercial paint consumption contributed to the sudden increase in the share of residential coatings in the European architectural coatings market.
- The growth of the commercial segment is expected to be slightly higher than its residential counterpart, which may result in a slight recovery of the commercial share during the forecast period.
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Germany is the largest segment by Country.
- In Europe, Germany has the largest architectural coatings consumption, with more than 17% share, followed by Russia, France, Italy, and the United Kingdom. Spain, Poland, and Nordic regions were estimated to have had a share of around 5% each during 2020. The share of eastern block countries such as Poland and Russia is expected to increase due to the increasing median floor area and paint per capita.
- Poland is estimated to be the fastest-growing architectural market in Europe, with around 4% growth during the forecast period, followed by Russia, Spain, and France, with around 3% growth rates. Mature markets such as Germany and Italy are expected to have lower growth rates of less than and around 2% in volume.
- Many countries such as Poland, Italy, and Germany saw huge increases in residential consumption in 2020 due to huge growth in consumption in the residential DIY segment.
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