Market Study: Paints and Varnishes - Europe (2nd edition)

Introduction

The wide variety of available paints and varnishes brings color and diversification into the world. Additionally, they have protective qualities and are used for, e.g., wind turbines and container-vessels which would last an only short time if no protective varnishes were used. In vehicles, varnishes do not only enhance the look, but primarily serve as rust protection. 

Good Conditions in Europe

The sale of paints and varnishes in Europe will generate approx. €27.1 billion in 2020 (Ceresana offers a global Market Study on Paints and Varnishes as well). The general economic upturn is reflected in the expected growth rates. An increase of public investment and private consumption will result in a rising demand for paints and varnishes.

Growth Market Eastern Europe

The most important sales market is Germany; due to its size and economic power, this country is the growth motor of the European paints and varnishes industry. However, we forecast dynamic growth rates of 4.2% p.a. during the next eight years for Eastern Europe in particular. Russia, Poland, and Turkey especially will profit from an increasing domestic consumption.

Effects of the Economic Crisis

In the aftermath of the economic crisis hitting in 2008/09, the economic situation of European countries drifted apart significantly. In order to overcome the crisis, all countries invested in their domestic economic potential. Given the high public debt of some EU member states, e.g. Greece, Spain, and Italy, these countries suffered a second crisis and are forced to stabilize their budgets in the first place. This offers a very limited scope for public stimulus packages only. The remaining countries, on the other hand, are able to support flagging sectors via investment.

Construction Having Tail Winds

A popular measure in supporting economic development is investing in the construction sector. Accounting for almost 60% of consumption, this sector is of tremendous importance to the paints and varnishes industry. Demand for house and wall paints utilized in residential construction will rise, in populous countries especially. Large-scale projects in industrial construction and infrastructure will support the positive development of paints and varnishes revenues even further.

Economic Upturn to Support Industry

The consumption of paints in industrial applications is dictated by the economic situation. Thus, we forecast higher growth rates for the next few years. New industrial complexes and machinery have to be painted in order to withstand environmental conditions which can be extreme. Electrical insulation in electronic equipment and oxygen barriers in food packaging also require the use of specialty paints and varnishes.

Vehicle Construction in Eastern Europe

Another important application is the transportation segment. This branch is marked by various innovations such as finishes offering thermal insulation or having self-healing effects. While research and development remain based in Western European countries, production and upstream sectors are relocating to Eastern European countries such as Russia, due to more propitious general conditions.

Waterborne Products Gaining

The increased focus on sustainability and environmental protection in Western Europe causes consumption to move to waterborne paints and varnishes as well as other environmentally friendly alternatives. Due to high export ratios, many Eastern European producers are also shifting to the manufacturing of environmentally friendly products, which contain an only small amount of solvents or none at all.

Producers Feel Pressure to Innovate

Manufacturers of paints and varnishes in countries with a high wage level are dependent on innovations. Thus, Western European companies enjoy the advantage of advanced technology over their competition. Entering new markets with high growth potential such as China requires careful evaluation, given cultural differences and the establishment of existing market participants.


The Study in Brief:

This market report covers all relevant data and facts regarding the European paints and varnishes market, market trends, market size and market growth.

Chapter 1 analyses revenues, production, import, and export as well as demand for paints and varnishes split by the applications Construction, Transportation, Industry, Wood processing, and Other Applications. Data are provided for Europe as a whole and the 20 largest countries.

Chapter 2 examines the application areas for paints and varnishes in detail: Data on demand development in the application areas Construction, Transportation, Industry, Wood processing, and Others are given, split by the largest European countries. Also, the 231 most important manufacturers are listed according to the country they produce in.

Chapter 3 analyzes demand for individual products such as waterborne, solventborne, and other paints and varnishes in the most important European countries.

Chapter 4 provides profiles of the largest manufacturers of paints and varnishes, clearly arranged according to contact details, turnover, profit, product range, production sites, profile summary, products, and applications. Extensive profiles of 60 producers are provided, including Akzo Nobel, Axalta Coating Systems, BASF Coatings, DAW, Fassa, Helios Domzale, Hempel, Jotun, Materis Corporate Service, PPG Industries, Russkiye Kraski, Saint-Gobain Weber, Tikkurila, and Sherwin-Williams.
(Note: The profiles are assigned to the country in which the company or holding is headquartered. Company profiles also include JVs and subsidiaries.)

Table of Contents

1 Market Data
1.1 Europe
1.1.1 Demand
1.1.2 Revenues
1.1.3 Production
1.2 Austria
1.2.1 Demand and Revenues
1.2.2 Production and Trade
1.3 Belgium
1.3.1 Demand and Revenues
1.3.2 Production and Trade
1.4 Czechia
1.4.1 Demand and Revenues
1.4.2 Production and Trade
1.5 Finland
1.5.1 Demand and Revenues
1.5.2 Production and Trade
1.6 France
1.6.1 Demand and Revenues
1.6.2 Production and Trade
1.7 Germany
1.7.1 Demand and Revenues
1.7.2 Production and Trade
1.8 Greece
1.8.1 Demand and Revenues
1.8.2 Production and Trade
1.9 Hungary
1.9.1 Demand and Revenues
1.9.2 Production and Trade
1.10 Italy
1.10.1 Demand and Revenues
1.10.2 Production and Trade
1.11 Poland
1.11.1 Demand and Revenues
1.11.2 Production and Trade
1.12 Portugal
1.12.1 Demand and Revenues
1.12.2 Production and Trade
1.13 Romania
1.13.1 Demand and Revenues
1.13.2 Production and Trade
1.14 Russia
1.14.1 Demand and Revenues
1.14.2 Production and Trade
1.15 Spain
1.15.1 Demand and Revenues
1.15.2 Production and Trade
1.16 Sweden
1.16.1 Demand and Revenues
1.16.2 Production and Trade
1.17 Switzerland
1.17.1 Demand and Revenues
1.17.2 Production and Trade
1.18 The Netherlands
1.18.1 Demand and Revenues
1.18.2 Production and Trade
1.19 Turkey
1.19.1 Demand and Revenues
1.19.2 Production and Trade
1.20 Ukraine
1.20.1 Demand and Revenues
1.20.2 Production and Trade
1.21 United Kingdom
1.21.1 Demand and Revenues
1.21.2 Production and Trade
1.22 Rest of Europe
1.22.1 Demand and Revenues
1.22.2 Production and Trade

2 Applications
2.1 Construction
2.2 Transportation
2.3 Industry
2.4 Wood Processing
2.5 Other Applications

3 Technologies
3.1 Waterborne Paints and Varnishes
3.2 Solventborne Paints and Varnishes
3.3 Other Technologies

4 Company Profiles
4.1 Austria (4 Producers)
4.2 Bulgaria (1)
4.3 Denmark (2)
4.4 Finland (2)
4.5 France (4)
4.6 Germany (18)
4.7 Italy (6)
4.8 Norway (1)
4.9 Poland (1)
4.10 Portugal (1)
4.11 Russia (3)
4.12 Slovenia (2)
4.13 Spain (3)
4.14 Sweden (1)
4.15 Switzerland (7)
4.16 The Netherlands (1)
4.17 Turkey (2)
4.18 United Kingdom (1)

List of Graphs

Graph 1: European paints and varnishes demand from 2004 to 2020
Graph 2: European paints and varnishes revenues from 2004 to 2020 in billion € and billion US$
Graph 3: European production of paints and varnishes from 2004 to 2020
Graph 4: Paints and varnishes demand in Austria from 2004 to 2020
Graph 5: Paints and varnishes revenues in Austria from 2004 to 2020 in billion € and billion US$
Graph 6: Paints and varnishes production in Austria from 2004 to 2020
Graph 7: Paints and varnishes import and export in Austria from 2004 to 2020
Graph 8: Paints and varnishes demand in Belgium from 2004 to 2020
Graph 9: Paints and varnishes revenues in Belgium from 2004 to 2020 in billion € and billion US$
Graph 10: Paints and varnishes production in Belgium from 2004 to 2020
Graph 11: Paints and varnishes import and export in Belgium from 2004 to 2020
Graph 12: Paints and varnishes demand in Czechia from 2004 to 2020
Graph 13: Paints and varnishes revenues in Czechia from 2004 to 2020 in billion € and billion US$
Graph 14: Paints and varnishes production in Czechia from 2004 to 2020
Graph 15: Paints and varnishes import and export in Czechia from 2004 to 2020
Graph 16: Paints and varnishes demand in Finland from 2004 to 2020
Graph 17: Paints and varnishes revenues in Finland from 2004 to 2020 in billion € and billion US$
Graph 18: Paints and varnishes production in Finland from 2004 to 2020
Graph 19: Paints and varnishes import and export in Finland from 2004 to 2020
Graph 20: Paints and varnishes demand in France from 2004 to 2020
Graph 21: Paints and varnishes revenues in France from 2004 to 2020 in billion € and billion US$
Graph 22: Paints and varnishes production in France from 2004 to 2020
Graph 23: Paints and varnishes import and export in France from 2004 to 2020
Graph 24: Paints and varnishes demand in Germany from 2004 to 2020
Graph 25: Paints and varnishes revenues in Germany from 2004 to 2020 in billion € and billion US$
Graph 26: Paints and varnishes production in Germany from 2004 to 2020
Graph 27: Paints and varnishes import and export in Germany from 2004 to 2020
Graph 28: Paints and varnishes demand in Greece from 2004 to 2020
Graph 29: Paints and varnishes revenues in Greece from 2004 to 2020 in billion € and billion US$
Graph 30: Paints and varnishes production in Greece from 2004 to 2020
Graph 31: Paints and varnishes import and export in Greece from 2004 to 2020
Graph 32: Paints and varnishes demand in Hungary from 2004 to 2020
Graph 33: Paints and varnishes revenues in Hungary from 2004 to 2020 in billion € and billion US$
Graph 34: Paints and varnishes production in Hungary from 2004 to 2020
Graph 35: Paints and varnishes import and export in Hungary from 2004 to 2020
Graph 36: Paints and varnishes demand in Italy from 2004 to 2020
Graph 37: Paints and varnishes revenues in Italy from 2004 to 2020 in billion € and billion US$
Graph 38: Paints and varnishes production in Italy from 2004 to 2020
Graph 39: Paints and varnishes import and export in Italy from 2004 to 2020
Graph 40: Paints and varnishes demand in Poland from 2004 to 2020
Graph 41: Paints and varnishes revenues in Poland from 2004 to 2020 in billion € and billion US$
Graph 42: Paints and varnishes production in Poland from 2004 to 2020
Graph 43: Paints and varnishes import and export in Poland from 2004 to 2020
Graph 44: Paints and varnishes demand in Portugal from 2004 to 2020
Graph 45: Paints and varnishes revenues in Portugal from 2004 to 2020 in billion € and billion US$
Graph 46: Paints and varnishes production in Portugal from 2004 to 2020
Graph 47: Paints and varnishes import and export in Portugal from 2004 to 2020
Graph 48: Paints and varnishes demand in Romania from 2004 to 2020
Graph 49: Paints and varnishes revenues in Romania from 2004 to 2020 in billion € and billion US$
Graph 50: Paints and varnishes production in Romania from 2004 to 2020
Graph 51: Paints and varnishes import and export in Romania from 2004 to 2020
Graph 52: Paints and varnishes demand in Russia from 2004 to 2020
Graph 53: Paints and varnishes revenues in Russia from 2004 to 2020 in billion € and billion US$
Graph 54: Paints and varnishes production in Russia from 2004 to 2020
Graph 55: Paints and varnishes import and export in Russia from 2004 to 2020
Graph 56: Paints and varnishes demand in Spain from 2004 to 2020
Graph 57: Paints and varnishes revenues in Spain from 2004 to 2020 in billion € and billion US$
Graph 58: Paints and varnishes production in Spain from 2004 to 2020
Graph 59: Paints and varnishes import and export in Spain from 2004 to 2020
Graph 60: Paints and varnishes demand in Sweden from 2004 to 2020
Graph 61: Paints and varnishes revenues in Sweden from 2004 to 2020 in billion € and billion US$
Graph 62: Paints and varnishes production in Sweden from 2004 to 2020
Graph 63: Paints and varnishes import and export in Sweden from 2004 to 2020
Graph 64: Paints and varnishes demand in Switzerland from 2004 to 2020
Graph 65: Paints and varnishes revenues in Switzerland from 2004 to 2020 in billion € and billion US$
Graph 66: Paints and varnishes production in Switzerland from 2004 to 2020
Graph 67: Paints and varnishes import and export in Switzerland from 2004 to 2020
Graph 68: Paints and varnishes demand in the Netherlands from 2004 to 2020
Graph 69: Paints and varnishes revenues in the Netherlands from 2004 to 2020 in billion € and billion US$
Graph 70: Paints and varnishes production in the Netherlands from 2004 to 2020
Graph 71: Paints and varnishes import and export in the Netherlands from 2004 to 2020
Graph 72: Paints and varnishes demand in Turkey from 2004 to 2020
Graph 73: Paints and varnishes revenues in Turkey from 2004 to 2020 in billion € and billion US$
Graph 74: Paints and varnishes production in Turkey from 2004 to 2020
Graph 75: Paints and varnishes import and export in Turkey from 2004 to 2020
Graph 76: Paints and varnishes demand in the Ukraine from 2004 to 2020
Graph 77: Paints and varnishes revenues in the Ukraine from 2004 to 2020 in billion € and billion US$
Graph 78: Paints and varnishes production in the Ukraine from 2004 to 2020
Graph 79: Paints and varnishes import and export in the Ukraine from 2004 to 2020
Graph 80: Paints and varnishes demand in the United Kingdom from 2004 to 2020
Graph 81: Paints and varnishes revenues in the United Kingdom from 2004 to 2020 in billion € and billion US$
Graph 82: Paints and varnishes production in the United Kingdom from 2004 to 2020
Graph 83: Paints and varnishes import and export in the United Kingdom from 2004 to 2020
Graph 84: Paints and varnishes demand in the rest of Europe from 2004 to 2020
Graph 85: Paints and varnishes revenues in the rest of Europe from 2004 to 2020 in billion € and billion US$
Graph 86: Paints and varnishes production in the rest of Europe from 2004 to 2020
Graph 87: European paints and varnishes demand from 2004 to 2020 - split by applications
Graph 88: European paints and varnishes demand from 2004 to 2020 - split by technologies

List of Tables

Table 1: European paints and varnishes demand from 2004 to 2020 - split by major countries
Table 2: European paints and varnishes revenues from 2004 to 2020 in billion € - split by countries
Table 3: European paints and varnishes production from 2004 to 2020 - split by major countries
Table 4: Important manufacturers of paints and varnishes in Austria
Table 5: Important manufacturers of paints and varnishes in Belgium
Table 6: Important manufacturers of paints and varnishes in Czechia
Table 7: Important manufacturers of paints and varnishes in Finland
Table 8: Paints and varnishes demand in France from 2004 to 2020 - split by applications
Table 9: Important manufacturers of paints and varnishes in France
Table 10: Paints and varnishes demand in Germany from 2004 to 2020 - split by applications
Table 11: Important manufacturers of paints and varnishes in Germany
Table 12: Important manufacturers of paints and varnishes in Greece
Table 13: Paints and varnishes demand in Italy from 2004 to 2020 - split by applications
Table 14: Important manufacturers of paints and varnishes in Italy
Table 15: Paints and varnishes demand in Poland from 2004 to 2020 - split by applications
Table 16: Important manufacturers of paints and varnishes in Poland
Table 17: Important manufacturers of paints and varnishes in Portugal
Table 18: Important manufacturers of paints and varnishes in Romania
Table 19: Paints and varnishes demand in Russia from 2004 to 2020 - split by applications
Table 20: Important manufacturers of paints and varnishes in Russia
Table 21: Paints and varnishes demand in Spain from 2004 to 2020 - split by applications
Table 22: Important manufacturers of paints and varnishes in Spain
Table 23: Important manufacturers of paints and varnishes in Sweden
Table 24: Important manufacturers of paints and varnishes in Switzerland
Table 25: Paints and varnishes demand in the Netherlands from 2004 to 2020 - split by applications
Table 26: Important manufacturers of paints and varnishes in the Netherlands
Table 27: Paints and varnishes demand in Turkey from 2004 to 2020 - split by applications
Table 28: Important manufacturers of paints and varnishes in Turkey
Table 29: Paints and varnishes demand in the United Kingdom from 2004 to 2020 - split by applications
Table 30: Important manufacturers of paints and varnishes in the United Kingdom
Table 31: Important manufacturers of paints and varnishes in the rest of Europe
Table 32: European paints and varnishes demand from 2004 to 2020 - split by applications
Table 33: European paints and varnishes demand in Construction from 2004 to 2020 - split by major countries
Table 34: European paints and varnishes demand in Transportation from 2004 to 2020 - split by major countries
Table 35: European paints and varnishes demand in Industrial applications from 2004 to 2020 - split by major countries
Table 36: European paints and varnishes demand in Wood Processing from 2004 to 2020 - split by major countries
Table 37: European paints and varnishes demand in Other Applications from 2004 to 2020 - split by major countries
Table 38: European paints and varnishes demand from 2004 to 2020 - split by technologies
Table 39: European demand for waterborne paints and varnishes from 2004 to 2020 - split by major countries
Table 40: European demand for solvent-borne paints and varnishes from 2004 to 2020 - split by major countries
Table 41: European demand for other paints and varnishes from 2004 to 2020 - split by major countries