Europe Paints And Coatings Market Size (2024 - 2029)

The European paints and coatings market is anticipated to experience steady growth, driven by the resurgence in building and construction activities and the rising demand from the wind turbine and packaging industries. Despite challenges such as increased raw material costs and the lack of substitutes for banned substances like lead chromate, the market's expansion is supported by opportunities in nanotechnology and the growing preference for bio-based and eco-friendly products. Germany leads the region in market size due to its robust construction sector.

Home Market Analysis Chemicals & Materials Research Paints and Coatings Research Europe Paints And Coatings Market Market Size

Market Size of Europe Paints And Coatings Industry

Europe Paints And Coatings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR (2024 - 2029) 3.00 %
Market Concentration Low

Major Players

Europe Paints And Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

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).

Resin Type
Acrylic
Alkyd
Polyurethane
Epoxy
Polyester
Other Resin Types
Technology
Water-borne
Solvent-borne
Powder Coatings
UV Cured Coatings
End User
Architectural
Automotive
Wood
Protective Coatings
General Industrial
Transportation
Packaging
Geography
Germany
United Kingdom
France
Italy
Spain
Russia
Turkey
Rest of Europe
Need A Different Region Or Segment?
Customize Now

Europe Paints And Coatings Market Size Summary

The European paints and coatings market is poised for steady growth, driven by the resurgence of the construction industry and increasing demand from sectors such as wind turbine and packaging industries. Despite the initial setbacks caused by the COVID-19 pandemic, which halted manufacturing and construction activities, the market is expected to recover and expand. However, challenges such as rising raw material costs and the unavailability of substitutes for banned substances like lead chromate in industrial coatings may impede growth. Opportunities lie in the adoption of nanotechnology and the growing demand for bio-based and eco-friendly products. Germany stands out as a dominant player in the region, largely due to its robust construction industry.

Architectural paints and coatings represent the largest segment within the industry, serving both protective and decorative purposes for buildings and homes. These coatings are essential for various applications, including commercial and residential buildings, and are designed to withstand environmental challenges. The construction sector's growth in countries like Germany, France, and the United Kingdom is a significant driver for the market. Germany, in particular, leads the European market, supported by its strong automotive and construction industries. The market is characterized by a fragmented landscape with key players such as Akzo Nobel NV, BASF SE, and PPG Industries, who continue to innovate and expand their product offerings to meet evolving industry demands.

Explore More

Europe Paints And Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Consistent Growth Registered by the European Construction Industry

      2. 1.1.2 Rising Demand From Wind Turbine Industry

      3. 1.1.3 Growth in Packaging Industry

    2. 1.2 Restraints

      1. 1.2.1 Rise in the Prices of Raw Materials

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Resin Type

      1. 2.1.1 Acrylic

      2. 2.1.2 Alkyd

      3. 2.1.3 Polyurethane

      4. 2.1.4 Epoxy

      5. 2.1.5 Polyester

      6. 2.1.6 Other Resin Types

    2. 2.2 Technology

      1. 2.2.1 Water-borne

      2. 2.2.2 Solvent-borne

      3. 2.2.3 Powder Coatings

      4. 2.2.4 UV Cured Coatings

    3. 2.3 End User

      1. 2.3.1 Architectural

      2. 2.3.2 Automotive

      3. 2.3.3 Wood

      4. 2.3.4 Protective Coatings

      5. 2.3.5 General Industrial

      6. 2.3.6 Transportation

      7. 2.3.7 Packaging

    4. 2.4 Geography

      1. 2.4.1 Germany

      2. 2.4.2 United Kingdom

      3. 2.4.3 France

      4. 2.4.4 Italy

      5. 2.4.5 Spain

      6. 2.4.6 Russia

      7. 2.4.7 Turkey

      8. 2.4.8 Rest of Europe

Europe Paints And Coatings Market Size FAQs

The Europe Paints and Coatings Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

Akzo Nobel N.V., BASF SE, PPG Industries, Inc., Hempel A/S and Beckers Group are the major companies operating in the Europe Paints and Coatings Market.

Europe Paints And Coatings Market Report Snapshots

European Paints and Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)