Europe Paints And Coatings Market Size (2024 - 2029)

Europe Paints And Coatings Market Analysis

The Europe Paints And Coatings Market is expected to register a CAGR of greater than 3% during the forecast period.

The market was negatively affected by COVID-19 in 2020. Several countries in the region went into lockdown, which halted all manufacturing and construction activities. However, the market is projected to grow steadily, owing to increased building and construction activities in 2021.

• Over the short term, the consistent growth registered by the European construction industry and the rising demand from the wind turbine industry with the growth in the packaging industry is expected to drive the market during the forecast period.
• On the flip side, the rise in the prices of raw materials and the unavailability of substitutes for banned lead chromate used in industrial coatings are expected to hinder the growth of the market studied.
• The use of nanotechnology in paints and coatings and the increase in the demand for bio-based and eco-friendly paints and coatings are likely to act as opportunities in the future.
• Germany dominates the market across Europe due to increasing demand in the construction industry.

Europe Paints And Coatings Industry Segmentation

Paint is any liquid or liquefiable colored substance which spreads over a surface and dries to leave a thin decorative or protective coating. The coating is a covering applied or deposited onto a substrate to enhance the surface properties for decoration, corrosion, and wear protection. Paints and coatings find major applications in the architectural industry as decorative and protective coatings. The European paints and coatings market is segmented by resin type, technology, end-user, and geography. By resin type, the market is segmented into acrylic, alkyl, polyurethane, epoxy, polyester, and other resin types. By technology, the market is segmented into water-borne, solvent-borne, powder, and UV-cured coating. By end user, the market is segmented into architectural, automotive, wood, protective coatings, general industrial, transportation, and packaging. The report also covers the market size and forecasts for the European paints and coatings market in seven countries across the region. For all the segments, For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).