European Paints & Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Waterborne, Solventborne, Powder), Application (Architectural, Industrial), and Country - Global Forecast to 2025
[224 Pages Report] The market size for European paints & coatings is projected to grow from USD 30.6 billion in 2020 to USD 34.3 billion by 2025, at a CAGR of 2.3%. The resurgence in the growth of the housing and construction sector, increasing gross domestic product (GDP), growing urbanization, and increasing disposable income are driving the paints & coatings market. Technological advancements in end-use industries such as automotive, marine, aerospace, wood, and general industrial are also supporting the growth.
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COVID-19 Impact on the European Paints & Coatings Market
The outbreak of COVID-19 has disrupted the production of raw materials used in paints and coatings manufacturing. Countries such as Germany, Russia, France, the UK, and Italy are the hubs for paints and coatings manufacturing and major suppliers of these raw materials. The outbreak of coronavirus in Europe has affected the supplies of these raw materials. The break in the supplies of raw materials has reduced the production of paints and coatings products.
Automotive is among the worst-hit industry due to the closure of showrooms and the global economic crises. The demand for personal cars and commercial vehicles has been drastically down due to economic turmoil. Consumers are also canceling already placed pre-orders. All these factors have negative impacts on the paints & coatings business.
The building & construction industry has been significantly impacted by the pandemic, which is likely to continue till 2021. COVID-19 is impacting the global building & construction industry with projects facing labor shortages, supply chain issues, and financing pressures. Commercial builders, due to the scarce availability of raw materials, must bear higher material costs and slower project completion. In countries such as Spain, France, and Germany, the guidelines from the Union Ministry of Home Affairs (MHA) allowed construction activities to continue, provided social distancing norms were followed by all personnel on-site.
European Paints & Coatings Market Dynamics
Driver: Increasing demand for premium paints
Architectural paints produced and consumed in Western Europe are almost exclusively medium to premium products, as the consumer interest in home decoration is high. Economical products have traditionally been popular in Russia, CIS countries, and Central Eastern Europe. The preferences regarding the paint's quality will change towards premium products in the long-term as the standard of living improves in the emerging economies..
Restraint: Economic slowdown and impact of COVID-19 on European industrial sectors
Most of the European countries, especially Russia, Italy, Spain, the UK, France, and Germany, are severely impacted by the COVID-19 pandemic. The suspension of operations in several manufacturing sectors has resulted in a decline in the GDP of these countries. According to the OECD, the European Union (EU) GDP reduced by 3.3% in the first quarter of 2020. In 2020, the European passenger car market followed the global trend of stagnation. The coronavirus outbreak led to a dramatic decline in new vehicle sales across the continent. Decreasing affordability and an economic downturn has added to the lack of demand in European markets.
Opportunity: Increasing paint consumption per capita in developing countries in Europe
The paints & coatings market structure and consumption patterns vary between geographical areas. The growth in coating consumption has historically correlated with the increase in the standard of living. Currently, the paints & coatings market in Western Europe is relatively mature, and sales are expected to increase moderately. Whereas, in Central Eastern Europe and the CIS countries, the current decorative paint consumption per capita is significantly lower than in Western Europe. The consumption is expected to pick up in Central Eastern Europe and the CIS area as the standard of living increases.
Challenge: Environmental challenges and stringent regulatory policies
The paints & coatings industry faces many environmental challenges with increasing focus being placed on meeting state and local regulations for wastewater discharge. Coatings, especially powder coating operations, have a considerable amount of metals, oil & grease, and suspended solids in their wastewater streams generated during the cleaning and pretreatment phases. It becomes difficult for coating manufacturers to meet many state and local environmental regulations because of their wastewater streams. Metal finishing companies that use various electroplating processes have been facing the problem of adhering to regulations due to heavy metal contamination.
European paints & coatings Market Ecosystem
Architectural segment accounted for the largest share of the European paints & coatings market in 2020.
Architectural coatings find application in decorative interiors such as wall paintings, wood flooring, sculptures, and furniture. Increase in environmental awareness has led to innovations in the coating industry to provide quality products that are affordable, of high quality, possess value-added features, and meet global trends. Similarly, growing safety standards will raise the demand for fireproof and waterproof coatings on buildings. This is shifting the focus towards architectural coatings.
Acrylic segment is projected to witness the fastest growth during the forecast period.
Acrylic resin is the fastest segment in the architectural paints & coatings segment. Acrylics are available in various forms such as emulsions (latex), lacquers, enamels, and powders. The most common form of acrylic paint is latex. The chief components of acrylic polymers, acrylic, and methacrylic acid provide a polymer structure that has little tendency to absorb UV light, which increases the resistance of acrylics to weathering and oxidation than oil-based paints, alkyds, or epoxies. Acrylics possess good colors and gloss retention. Acrylic powder coatings, ranging from thin-film clear coats to very smooth coats, provide a high-performance finish with outstanding weather resistance, high-gloss colors, making them ideal for outdoor applications with excellent exterior durability.
Germany is the largest European paints & coatings market in the forecast period
Germany is currently the largest market for European paints & coatings. Germany is the most industrialized and populous country in Europe. The growth in the construction sector is expected to outpace the overall economic growth of the country. Germany is the most technologically advanced industrial coatings market both in Europe and globally. It is dominating the industrial coatings market in Europe owing to the strong domestic demand, growing demand from the developed automotive industry, increasing uses of corrosion coatings, and growing environmental awareness.
The outbreak of the novel coronavirus or COVID-19 has been declared a pandemic by the World Health Organization (WHO). The virus outbreak has wreaked havoc on the global economy. The risk of the global economy entering a recession in 2020 is extremely high, with the lockdown of international borders and the shutdown of economic activities across the countries to prevent the spread of COVID-19. As production is curtailed around the world, many firms will not have the necessary inputs.
Key Market Players:
The key players operating in the market are Henkel AG (Germany), H.B. Fuller (US), Arkema (Bostik SA) (France), 3M Company (US), Sika AG (Switzerland).
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Report Metric |
Details |
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Years considered for the study |
2018-2025 |
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Base year |
2019 |
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Forecast period |
2020–2025 |
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Units considered |
Value (USD) and Volume (Kiloton) |
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Segments |
Resin Type, Technology, End-Use Industry, and Country |
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Countries covered |
Germany, Russia, France, UK, Italy, Poland, Turkey, Spain, Sweden, Denmark, Norway, Finland, Lithuania, Latvia, Estonia, and Rest of Europe |
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Companies profiled |
The major market players include AkzoNobel N.V. (Netherlands), PPG Industries (US), Sherwin-Williams Company (US), BASF Coatings GmbH (Germany), and Axalta Coating System LLC (US). (Total of 25 companies) |
This research report categorizes the European paints & coatings market based on resin type, technology, end-use industry, and country.
By Resin Type:
- Acrylic
- Alkyd
- Epoxy
- Polyester
- Polyurethane
- Fluoropolymer
- Vinyl
- Others
By Technology:
- Waterborne technology
- Solventborne technology
- Powder coating
- Others
By End-Use Industry:
- Architechtural
- Industrial
By Country:
- Germany
- Russia
- France
- UK
- Italy
- Poland
- Turkey
- Spain
- Sweden
- Denmark
- Norway
- Finland
- Lithuania
- Latvia
- Estonia
- Rest of Europe
Recent Developments
- In September 2020, AkzoNobel completed the acquisition of Stahl Performance Powder Coatings and its complete range of products for heat-sensitive substrates. This acquisition provides AkzoNobel accelerated access to unique low curing technology. The low curing technology includes both UV and thermally curing powders and will enable the company to penetrate the ultra-low cure (80-100°C) domain, opening up new markets for AkzoNobel based on applying powder to temperature-sensitive substrates such as MDF, plywood, thermoplastics, and composites.
- In April 2020, Sherwin Williams launched its first set of products from its Powdura ECO platform – the first and only line of powder coatings that uses an innovative polyester resin comprised of 25 percent pre-consumer recycled plastic (rPET)..
Frequently Asked Questions (FAQ):
What is the current size of the European paints & coatings market?
The European paints & coatings market is estimated to be USD 30.6 billion n 2020 and projected to reach USD 34.3 billion by 2025, at a CAGR of 2.3%.
Who are the major players of the European paints & coatings market?
Companies such as AkzoNobel N.V. (Netherlands), PPG Industries (US), Sherwin-Williams Company (US), BASF Coatings GmbH (Germany), and Axalta Coating System LLC (US) are the major players in the market.
Where will all these developments take the industry in the mid-to-long term?
Continuous developments in the market, including new product launches, mergers & acquisitions, joint venture & agreement, and investments & expansions are expected to help the market grow. Several products are being introduced, and investments are made on increasing the production capacity of European paints & coatings by manufacturers for different applications.
Which segment has the potential to register the highest market share?
Polyurethane paints & coatings was the largest segment of European paints & coatings in industrial application. Polyurethane resin paints possess properties such as high durability, toughness, high gloss, and are easy to clean. Owing to these properties, polyurethane resin paints are used in various applications worldwide.
Which is the fastest-growing country in the market?
Norway is projected to be the fastest-growing market for European paints & coatings during the forecast period. 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.. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 27)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 MARKET INCLUSIONS
1.2.2 MARKET EXCLUSION
1.3 MARKETS COVERED
FIGURE 1 PAINTS & COATINGS: MARKET SEGMENTATION
1.3.1 YEAR CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 UNIT CONSIDERED
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 30)
2.1 RESEARCH DATA
FIGURE 2 EUROPE PAINTS & COATINGS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary data sources
2.1.2.2 Key data from primary sources
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET ESTIMATION: SUPPLY SIDE
2.2.1 BOTTOM-UP APPROACH
FIGURE 4 BOTTOM-UP MARKET SIZE ESTIMATION
FIGURE 5 TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
FIGURE 6 PAINTS & COATINGS MARKET: DATA TRIANGULATION
2.4 ASSUMPTIONS & LIMITATIONS
TABLE 1 RESEARCH ASSUMPTIONS
TABLE 2 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 39)
TABLE 3 PAINTS & COATINGS MARKET SNAPSHOT (2020 VS. 2025)
FIGURE 7 ACRYLIC RESIN DOMINATES OVERALL ARCHITECTURAL PAINTS & COATINGS MARKET
FIGURE 8 ACRYLIC TO BE FASTEST-GROWING RESIN TYPE IN INDUSTRIAL PAINTS & COATINGS
FIGURE 9 WATERBORNE TECHNOLOGY TO ACCOUNT FOR LARGEST SHARE OF PAINTS & COATINGS MARKET
FIGURE 10 INDUSTRIAL SEGMENT TO ACCOUNTS FOR LARGER SHARE
4 PREMIUM INSIGHTS (Page No. - 43)
4.1 ATTRACTIVE OPPORTUNITIES IN PAINTS & COATINGS MARKET
FIGURE 11 EMERGING ECONOMIES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES FOR MARKET PLAYERS
4.2 EUROPE PAINTS & COATINGS MARKET, BY RESIN TYPE
FIGURE 12 ACRYLIC RESIN TO BE LARGEST SEGMENT DURING FORECAST PERIOD
4.3 PAINTS & COATINGS MARKET, BY END-USE INDUSTRY AND COUNTRY
FIGURE 13 GERMANY WAS LARGEST PAINTS & COATINGS MARKET IN 2020
4.4 PAINTS & COATINGS MARKET ATTRACTIVENESS, BY KEY COUNTRIES
FIGURE 14 NORWAY TO REGISTER HIGHEST CAGR DURING THE FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 45)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 15 OVERVIEW OF FACTORS GOVERNING THE EUROPEAN PAINTS & COATINGS MARKET
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
FIGURE 16 PORTER’S FIVE FORCES ANALYSIS: PAINTS & COATINGS MARKET
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF BUYERS
5.3.4 BARGAINING POWER OF SUPPLIERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 REGULATIONS
5.4.1 BRITISH COATINGS FEDERATION
5.4.1.1 Decorative coatings
5.4.1.2 Vehicle refinish products
5.4.2 EU ECOLABEL
5.4.3 BIOCIDES PRODUCTS REGULATION (BPR)
5.4.3.1 Exclusion criteria
5.4.3.2 Active substances which are candidates for substitution
5.5 PRICING ANALYSIS
FIGURE 17 AVERAGE PRICE COMPETITIVENESS IN EUROPEAN PAINTS & COATINGS MARKET
FIGURE 18 AVERAGE HISTORIC AND FORECASTED PRICES IN EUROPEAN PAINTS & COATINGS MARKET
5.6 PAINTS & COATINGS ECOSYSTEM
FIGURE 19 PAINTS & COATINGS ECOSYSTEM
FIGURE 20 YC AND YCC SHIFT
5.7 TRADE ANALYSIS
5.7.1 IMPORT-EXPORT SCENARIO OF PAINTS & COATINGS IN EUROPEAN MARKET
TABLE 4 IMPORT-EXPORT TRADE DATA FOR SELECTED EUROPEAN COUNTRIES, 2019
FIGURE 21 PAINTS & COATINGS IMPORT DATA ANALYSIS, 2017-2019
FIGURE 22 PAINTS & COATINGS EXPORT DATA ANALYSIS, 2017-2019
5.8 PATENT ANALYSIS
5.8.1 METHODOLOGY
5.8.2 PUBLICATION TRENDS
FIGURE 23 NUMBER OF PATENTS PUBLISHED, 2015-2020
5.8.3 TOP APPLICANTS
FIGURE 24 PATENTS PUBLISHED BY MAJOR PLAYERS, 2015-2020
TABLE 5 RECENT PATENTS BY PPG IND OHIO INC IN 2020
5.9 CASE STUDY ANALYSIS
5.1 TECHNOLOGY ANALYSIS
6 MACROECONOMIC TRENDS AND IMPACT OF COVID-19 (Page No. - 64)
6.1 MACROECONOMIC OVERVIEW AND KEY TRENDS
6.1.1 INTRODUCTION
6.1.2 TRENDS AND FORECAST OF GDP
TABLE 6 GDP PERCENTAGE CHANGE OF KEY COUNTRIES, 2019–2025
6.1.3 TRENDS AND FORECAST OF GLOBAL AUTOMOTIVE INDUSTRY
TABLE 7 AUTOMOTIVE PRODUCTION (2017-2019)
TABLE 8 AUTOMOTIVE PRODUCTION (Q1 & Q2 – 2019 VS 2020)
6.2 COVID-19 IMPACT
6.3 COVID-19 ECONOMIC ASSESSMENT
FIGURE 25 REVISED GDP FORECASTS DUE TO COVID-19 FOR SELECT EUROPEAN COUNTRIES IN 2020
6.3.1 COVID-19 ECONOMIC IMPACT – SCENARIO ASSESSMENT
FIGURE 26 FACTORS IMPACTING ECONOMY OF SELECT G20 COUNTRIES IN 2020
FIGURE 27 SCENARIO-BASED ANALYSIS OF IMPACT OF COVID-19 ON BUSINESS
FIGURE 28 IMPACT OF COVID-19 ON PAINTS & COATINGS MARKET
7 COVID-19 IMPACT ON PAINTS & COATINGS MARKET (Page No. - 71)
7.1 VALUE CHAIN OF THE PAINTS & COATINGS INDUSTRY
FIGURE 29 PAINTS & COATINGS VALUE CHAIN
FIGURE 30 IMPACT OF COVID-19 ON VALUE CHAIN NODES
FIGURE 31 PAINTS & COATINGS VALUE CHAIN: PLAYERS AT EACH NODE
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
TABLE 9 DISTRIBUTORS: OFFERINGS AND SERVICES
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
TABLE 10 PRODUCTION IMPACT DUE TO COVID-19 CRISIS ON EUROPEAN AUTO INDUSTRY
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
7.5.1 DISRUPTION IN THE INDUSTRY
7.5.2 IMPACT ON CUSTOMERS’ OUTPUT & STRATEGIES TO RESUME/IMPROVE PRODUCTION
7.5.3 IMPACT ON CUSTOMERS’ REVENUES
7.5.3.1 Customer’s most impacted regions
7.5.3.2 Short-term strategies to manage cost structure and supply chains
7.5.4 NEW MARKET OPPORTUNITIES/GROWTH OPPORTUNITIES
7.5.4.1 Measures taken by customers
7.5.4.2 Customers’ perspective on growth outlook
8 PAINTS & COATINGS MARKET, BY RESIN TYPE (Page No. - 88)
8.1 INTRODUCTION
FIGURE 32 ACRYLIC IS DOMINANT SEGMENT IN OVERALL ARCHITECTURAL PAINTS & COATINGS MARKET
FIGURE 33 POLYURETHANE IS LARGEST SEGMENT IN OVERALL INDUSTRIAL PAINTS & COATINGS MARKET
TABLE 11 ARCHITECTURAL PAINTS & COATINGS MARKET SIZE, BY RESIN TYPE, 2018–2025 (KILOTON)
TABLE 12 ARCHITECTURAL PAINTS & COATINGS MARKET SIZE, BY RESIN TYPE, 2018–2025 (USD MILLION)
TABLE 13 INDUSTRIAL PAINTS & COATINGS MARKET SIZE, BY RESIN TYPE, 2018–2025 (KILOTON)
TABLE 14 INDUSTRIAL PAINTS & COATINGS MARKET SIZE, BY RESIN TYPE, 2018–2025 (USD MILLION)
8.2 ACRYLIC
8.2.1 ACRYLICS WIDELY USED DUE TO THEIR GOOD APPEARANCE, WEATHERABILITY, AND ELECTROSTATIC CHARACTERISTICS
TABLE 15 ACRYLIC BASED PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 16 ACRYLIC BASED PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
8.3 ALKYD
8.3.1 ALKYDS ARE LOW COST, LOW TOXICITY, AND LOW SURFACE TENSION RESINS THAT PERMITS WETTING OF MOST SURFACES
TABLE 17 ALKYD BASED PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2019 (KILOTON)
TABLE 18 ALKYD BASED PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2019 (USD MILLION)
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
TABLE 19 POLYURETHANE BASED PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 20 POLYURETHANE BASED PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
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 (Page No. - 97)
9.1 INTRODUCTION
FIGURE 34 WATERBORNE SEGMENT TO DOMINATE EUROPE PAINTS & COATINGS MARKET
TABLE 21 EUROPE PAINTS & COATINGS MARKET SIZE, BY TECHNOLOGY, 2018–2025 (KILOTON)
TABLE 22 EUROPE PAINTS & COATINGS MARKET SIZE, BY TECHNOLOGY, 2018–2025 (USD MILLION)
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 (Page No. - 102)
10.1 INTRODUCTION
FIGURE 35 INDUSTRIAL SECTOR TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
10.2 ARCHITECTURAL END-USE INDUSTRY
10.2.1 ECONOMIC GROWTH AND HIGHER INCOMES BOOSTING THE DEMAND FOR ARCHITECTURAL COATINGS
TABLE 23 EUROPE PAINTS & COATINGS MARKET SIZE IN ARCHITECTURAL, BY COUNTRY, 2018–2025 (KILOTON)
TABLE 24 EUROPE PAINTS & COATINGS MARKET SIZE IN ARCHITECTURAL, BY COUNTRY, 2018–2025 (USD MILLION)
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
TABLE 25 EUROPE PAINTS & COATINGS MARKET SIZE IN INDUSTRIAL, BY COUNTRY, 2018–2025 (KILOTON)
TABLE 26 EUROPE PAINTS & COATINGS MARKET SIZE IN INDUSTRIAL, BY COUNTRY, 2018–2025 (USD MILLION)
10.3.2 GENERAL INDUSTRIAL
TABLE 27 EUROPE PAINTS & COATINGS MARKET SIZE IN GENERAL INDUSTRIAL, BY COUNTRY, 2018–2025 (KILOTON)
TABLE 28 EUROPE PAINTS & COATINGS MARKET SIZE IN GENERAL INDUSTRIAL, BY COUNTRY, 2018–2025 (USD MILLION)
10.3.3 OEM
TABLE 29 EUROPE PAINTS & COATINGS MARKET SIZE IN OEM, BY COUNTRY, 2018–2025 (KILOTON)
TABLE 30 EUROPE PAINTS & COATINGS MARKET SIZE IN OEM, BY COUNTRY, 2018–2025 (USD MILLION)
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
TABLE 31 EUROPE PAINTS & COATINGS MARKET SIZE IN WOOD, BY COUNTRY, 2018–2025 (KILOTON)
TABLE 32 EUROPE PAINTS & COATINGS MARKET SIZE IN WOOD, BY COUNTRY, 2018–2025 (USD MILLION)
10.3.5 OTHERS
TABLE 33 EUROPE PAINTS & COATINGS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY COUNTRY, 2018–2025 (KILOTON)
TABLE 34 EUROPE PAINTS & COATINGS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY COUNTRY, 2018–2025 (USD MILLION)
10.3.5.1 Protective coatings
10.3.5.2 Coil coating
10.3.5.3 Packaging
11 EUROPE PAINTS & COATINGS MARKET, BY COUNTRY (Page No. - 118)
11.1 INTRODUCTION
TABLE 35 EUROPE PAINTS & COATINGS MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
TABLE 36 EUROPE PAINTS & COATINGS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
11.2 GERMANY
11.2.1 FAVORABLE ECONOMIC ENVIRONMENT FOR CONSTRUCTION SECTOR AND RISING DEMAND FOR NEW HOMES
TABLE 37 GERMANY: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 38 GERMANY: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 39 GERMANY: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 40 GERMANY: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
11.3 RUSSIA
11.3.1 EXPECTED RECOVERY IN CONSTRUCTION INDUSTRY TO SUPPORT MARKET GROWTH
TABLE 41 RUSSIA: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 42 RUSSIA: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 43 RUSSIA: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 44 RUSSIA: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
11.4 FRANCE
11.4.1 REVIVING ECONOMY AND INVESTMENT IN INFRASTRUCTURE TO BOOST DEMAND FOR ARCHITECTURAL COATINGS
TABLE 45 FRANCE: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 46 FRANCE: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 47 FRANCE: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 48 FRANCE: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
11.5 UK
11.5.1 GROWING CONSTRUCTION SECTOR AND GOVERNMENT’S SPENDING ON INFRASTRUCTURE TO BOOST DEMAND FOR ARCHITECTURAL COATINGS
TABLE 49 UK: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 50 UK: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 51 UK: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 52 UK: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
11.6 ITALY
11.6.1 NEW PROJECT FINANCE RULES AND INVESTMENT POLICIES IN CONSTRUCTION SECTOR TO SUPPORT MARKET GROWTH
TABLE 53 ITALY: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 54 ITALY: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 55 ITALY: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 56 ITALY: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
11.7 POLAND
11.7.1 RESIDENTIAL BUILDINGS AND OTHER INFRASTRUCTURE EXPECTED TO DRIVE ARCHITECTURAL PAINTS MARKET
TABLE 57 POLAND: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 58 POLAND: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 59 POLAND: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 60 POLAND: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
FIGURE 36 IMPACT OF COVID-19 ON POLAND’S CONSTRUCTION SECTOR
11.8 TURKEY
11.8.1 GROWING HOUSING SECTOR TO CREATE STRONG DEMAND FOR COATINGS
TABLE 61 TURKEY: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 62 TURKEY: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 63 TURKEY: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 64 TURKEY: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
11.9 SPAIN
11.9.1 GROWTH IN RESIDENTIAL CONSTRUCTION SECTOR TO SPUR DEMAND FOR ARCHITECTURAL COATINGS
TABLE 65 SPAIN: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 66 SPAIN: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 67 SPAIN: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 68 SPAIN: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
11.10 SWEDEN
11.10.1 NEW INFRASTRUCTURAL PROJECTS TO DRIVE MARKET FOR PAINTS & COATINGS
TABLE 69 SWEDEN: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 70 SWEDEN: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 71 SWEDEN: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 72 SWEDEN: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
11.11 DENMARK
11.11.1 GOVERNMENT SUPPORT FOR CONSTRUCTION INDUSTRY GROWTH TO DRIVE DEMAND
TABLE 73 DENMARK: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 74 DENMARK: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 75 DENMARK: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 76 DENMARK: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
11.12 NORWAY
11.12.1 INDUSTRIAL SEGMENT IS DOMINANT CONSUMER OF PAINTS & COATINGS
TABLE 77 NORWAY: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 78 NORWAY: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 79 NORWAY: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 80 NORWAY: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
11.13 FINLAND
11.13.1 DEMAND FOR NEW HOUSES EXPECTED TO DRIVE ARCHITECTURAL PAINTS MARKET
TABLE 81 FINLAND: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 82 FINLAND: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 83 FINLAND: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 84 FINLAND: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
FIGURE 37 EXPORT MARKETS FOR FINNISH FOREST PRODUCTS, 2019
11.14 LITHUANIA
11.14.1 WOOD FURNITURE INDUSTRY EXPECTED TO DRIVE THE WOOD COATINGS MARKET
TABLE 85 LITHUANIA: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 86 LITHUANIA: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 87 LITHUANIA: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 88 LITHUANIA: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
11.15 LATVIA
11.15.1 INFRASTRUCTURE AND COMMERCIAL BUILDINGS EXPECTED TO DRIVE PAINTS & COATINGS MARKET
TABLE 89 LATVIA: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 90 LATVIA: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 91 LATVIA: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 92 LATVIA: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
11.16 ESTONIA
11.16.1 ARCHITECTURAL SEGMENT IS DOMINANT CONSUMER OF PAINTS & COATINGS
TABLE 93 ESTONIA: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 94 ESTONIA: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 95 ESTONIA: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 96 ESTONIA: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
11.17 REST OF EUROPE
TABLE 97 REST OF EUROPE: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 98 REST OF EUROPE: PAINTS & COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 99 REST OF EUROPE: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 100 REST OF EUROPE: INDUSTRIAL COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
12 COMPETITIVE LANDSCAPE (Page No. - 149)
12.1 INTRODUCTION
FIGURE 38 COMPANIES ADOPTED NEW PRODUCT LAUNCH AS KEY GROWTH STRATEGY BETWEEN 2016 AND 2020
12.2 COMPETITIVE LEADERSHIP MAPPING
12.2.1 STARS
12.2.2 EMERGING LEADERS
12.2.3 PERVASIVE
12.2.4 EMERGING COMPANIES
FIGURE 39 EUROPE PAINTS & COATINGS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
12.3 STRENGTH OF PRODUCT PORTFOLIO
12.4 BUSINESS STRATEGY EXCELLENCE
12.5 MARKET SHARE ANALYSIS
FIGURE 40 EUROPE PAINTS & COATINGS MARKET SHARE ANALYSIS, 2019 (IN TERMS OF VALUE)
12.5.1 PERFORMANCE OF TOP COATING COMPANIES IN 2020
FIGURE 41 Q1-2020 PERFORMANCE OF TOP COATING COMPANIES
FIGURE 42 Q2-2020 PERFORMANCE OF TOP COATING COMPANIES
FIGURE 43 Q3-2020 PERFORMANCE OF TOP COATING COMPANIES
12.6 COMPETITIVE SCENARIO
12.6.1 MARKET EVALUATION MATRIX
TABLE 101 STRATEGIC DEVELOPMENTS, BY COMPANY
TABLE 102 MOST FOLLOWED STRATEGY
TABLE 103 GROWTH STRATEGIES ADOPTED, BY COMPANY
12.6.2 INVESTMENTS & EXPANSIONS
TABLE 104 INVESTMENTS & EXPANSIONS (2016–2020)
12.6.3 MERGERS & ACQUISITIONS
TABLE 105 MERGERS & ACQUISITIONS (2016–2020)
12.6.4 NEW PRODUCT LAUNCHES
TABLE 106 NEW PRODUCT LAUNCHES (2016–2020)
12.6.5 JOINT VENTURES & AGREEMENTS
TABLE 107 JOINT VENTURES (2016–2020)
13 COMPANY PROFILES (Page No. - 166)
(Business overview, Products offered, Recent developments, SWOT analysis, MNM view)*
13.1 AKZONOBEL N.V.
FIGURE 44 AKZONOBEL N.V.: COMPANY SNAPSHOT
13.2 PPG INDUSTRIES
FIGURE 45 PPG INDUSTRIES: COMPANY SNAPSHOT
13.3 SHERWIN-WILLIAMS COMPANY
FIGURE 46 SHERWIN-WILLIAMS COMPANY: COMPANY SNAPSHOT
13.4 BASF COATINGS GMBH
FIGURE 47 BASF SE: COMPANY SNAPSHOT
13.5 AXALTA COATING SYSTEM LLC
FIGURE 48 AXALTA COATING SYSTEM LLC: COMPANY SNAPSHOT
13.6 RPM INTERNATIONAL INC.
FIGURE 49 RPM INTERNATIONAL INC.: COMPANY SNAPSHOT
13.7 HEMPEL A/S
FIGURE 50 HEMPEL A/S: COMPANY SNAPSHOT
13.8 JOTUN A/S
FIGURE 51 JOTUN A/S: COMPANY SNAPSHOT
13.9 KANSAI PAINTS CO., LTD.
FIGURE 52 KANSAI PAINTS CO. LTD.: COMPANY SNAPSHOT
13.10 TIKKURILA OYJ
FIGURE 53 TIKKURILA OYJ: COMPANY SNAPSHOT
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 WÖRWAG
13.20 FLÜGGER GROUP A/S
13.21 CORPORAÇĂO INDUSTRIAL DO NORTE
13.22 MEFFERT AG FARBWERKE
13.23 WEILBURGER
13.24 REMMERS
13.25 STO CORP.
*Business overview, Products offered, Recent developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
14 ADJACENT/RELATED MARKETS (Page No. - 202)
14.1 INTRODUCTION
14.2 LIMITATION
14.3 PAINTS & COATINGS ECOSYSTEM AND INTERCONNECTED MARKET
FIGURE 54 PAINTS & COATINGS: ECOSYSTEM
14.4 COATING RESINS
14.4.1 MARKET DEFINITION
14.4.2 MARKET OVERVIEW
14.4.3 COATING RESINS MARKET, BY RESIN TYPE
TABLE 108 COATING RESINS MARKET SIZE, BY RESIN TYPE, 2018-2025 (USD MILLION)
TABLE 109 COATING RESINS MARKET SIZE, BY RESIN TYPE, 2018-2025 (KILOTON)
14.4.3.1 Acrylic
14.4.3.2 Alkyd
14.4.3.3 Vinyl
14.4.3.4 Polyurethane
14.4.3.5 Epoxy
14.4.3.6 Unsaturated polyester
14.4.3.7 Saturated polyester
14.4.3.8 Amino
14.4.3.9 Others
14.4.4 COATING RESINS MARKET, BY TECHNOLOGY
TABLE 110 COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 111 COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (KILOTON)
14.4.4.1 Waterborne coatings
FIGURE 55 TYPES OF WATERBORNE COATINGS
14.4.4.2 Solventborne coatings
TABLE 112 TRADITIONAL FORMULATION SOLVENT USED FOR DIFFERENT RESIN TYPE
14.4.4.3 Powder coatings
FIGURE 56 TYPES OF POWDER COATINGS
14.4.4.4 Others
14.4.4.4.1 High solids coatings
FIGURE 57 TYPES OF HIGH SOLIDS COATINGS
14.4.4.4.2 Radiation curable coatings
FIGURE 58 TYPES OF RADIATION CURABLE COATING
14.4.5 COATING RESINS MARKET, BY APPLICATION
TABLE 113 COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 114 COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 115 ARCHITECTURAL COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 116 ARCHITECTURAL COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 117 INDUSTRIAL COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 118 INDUSTRIAL COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
14.4.5.1 Architectural coatings
14.4.5.2 Marine & protective coatings
14.4.5.3 General industrial coatings
14.4.5.4 Automotive coatings
14.4.5.5 Wood coatings
14.4.5.6 Packaging coatings
14.4.5.7 Others
14.4.5.7.1 Coil
14.4.5.7.2 Aerospace
14.4.5.7.3 Graphic arts
14.4.6 COATING RESINS MARKET, BY REGION
TABLE 119 COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 120 COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
14.4.6.1 APAC
14.4.6.2 Europe
14.4.6.3 North America
14.4.6.4 Middle East & Africa
14.4.6.5 South America
15 APPENDIX (Page No. - 217)
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 AVAILABLE CUSTOMIZATIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
The study involves four major activities in estimating the current market size of European paints & coatings. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and sub-segments of the overall market.
Secondary Research
In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to for identifying and collecting information for this study. These secondary sources also included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites, regulatory bodies, trade directories, and databases.
Primary Research
The European paints & coatings market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations. The demand side of this market is characterized by the development in end-use industries, architectural and industrial. The supply side is characterized by advancements in technology. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the European paints & coatings market. These methods were also used extensively to estimate the sizes of various sub-segments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the market have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To analyze and forecast the size of the Europe paints & coatings market, in terms of value and volume
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To define, describe, and forecast the market on the basis of resin type, technology, and end-use industry
- To analyze and forecast the size of the paints & coatings market with respect to the various major countries in Europe
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To analyze competitive developments such as capacity expansions, new product developments, joint ventures, and mergers & acquisitions in the paints & coatings market
- To profile the key players and comprehensively analyze their market share and core competencies1
Note: Core competencies1 of the companies are determined in terms of their key developments and key strategies to sustain in the market.
Available Customizations
MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.
The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of the European paints & coatings market, by country
Company Information
- Detailed analysis and profiling of additional market players (up to five)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the European Paints & Coatings Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in European Paints & Coatings Market