Paints and coatings do not only make our lives more colorful and beautiful; they also protect materials and significantly increase the durability of many objects. Regarding vehicles, coatings serve as corrosion protection. Furthermore, they can be self-cleaning and antibacterial. Ceresana analyzed the European market for paints and coatings already for the third time: In 2017, almost 9 million tonnes of these products were utilized. In the current study, all information on demand, production, import, and export for the period from 2009 to 2025 is indicated in tonnes – the revenues in the currencies US dollar and Euro.
Rising Demand on the Part of the Construction Industry
Architectural paints are the largest application area of paints and coatings. Residential construction has a rising demand for facade and interior wall paints, yet, large commercial construction and infrastructure projects provide for a positive development of revenues. The market researchers of Ceresana forecast that about 58% of all paints and coatings will be utilized in the construction industry in 2025. Application for industrial goods is decisively affected by the economic situation of individual countries. In this segment, Ceresana expects a growth of European demand for paints and coatings by, on average, 1.4% per year. Another important application is the transportation segment. This industry is characterized by several innovations such as finishes offering thermal insulation or self-healing effects. Production and upstream manufacturing processes are being relocated from Western European to Eastern European countries, due to more favorable general conditions; research and development, on the other hand, remain in Western European countries.
Product Diversity on the Market for Paints and Coatings
Besides the division by various application areas, the market report also analyzes the demand per product type: ranging from paints and coatings based on acrylics, vinyl, alkyd, epoxy, polyurethane (PUR), and polyester up to products based on other materials. Paints and coatings based on acrylics and vinyl account for the largest share of the European market: the share amounts to about 53%. Not included in this study are coating materials, such as mortar, plaster, diluter, printing ink, textile dyes, and food coloring.
Waterborne Products Gain Shares
The increased focus on sustainability and environmental protection in Europe supports consumption of waterborne paints and coatings as well as other environmentally friendly alternatives. Waterborne paints and coatings are currently already accounting for a share of about 58% of the total European market.
The Study in Brief:
Chapter 1 analyzes revenues, production, import, and export of paints and coatings as well as demand split by the applications construction, transportation, industry, wood processing, and others. Data are provided for Europe as a whole and the 24 major countries. Furthermore, demand is split by paint and coating types (vinyl, acrylics, alkyd, epoxy, PUR, polyester, other polymers, and others) as well as by technologies (waterborne, solventborne, powder, others) for the 8 largest countries.
Chapter 2 profoundly examines the applications of paints and coatings: up-to-date information on demand development of the five sectors construction, transportation, wood processing, industrial products, and other applications, split by the major European countries. Furthermore, the most important manufacturers of paints and coatings are listed sorted by country.
Chapter 3 takes a look at demand for paints and coatings – split by the types acrylics, vinyl, alkyd, epoxy, polyurethane, polyester, other polymers, and other products.
Chapter 4 provides profiles of the largest manufacturers of paints and coatings, clearly arranged according to contact details, turnover, profit, product range, production sites, profile summary, product types, and application areas. In-depth profiles of 95 manufacturers are given, including Akzo Nobel, Altana AG, Hempel AS, Jotun AS, Knauf Gips KG, Lonza Group Ltd., PPG Industries, Inc., Sherwin-Williams Sweden AB, Sika AG, and Sto SE & Co. KGaA.