- Water Borne
- Solvent Borne
- Powder Based
- High Solids
- Other Formulations
Europe Paints And Coatings Market size was valued at USD 34,566.4 million in 2022 and is anticipated to grow at a CAGR of 4.1% over 2023-2029. Paints and coatings are substances applied to surfaces for decorative, protective, or functional purposes. They are widely used in industries, construction, automotive manufacturing, and consumer applications. The European paints and coatings market encompasses a wide range of products, including paints for architectural and industrial applications, protective coatings, automotive paints, marine coatings, and more. Construction and infrastructure development play a pivotal role in driving the demand for paints and coatings in Europe. As urbanization continues and cities expand, there is a constant need for new residential, commercial, and public buildings, as well as the maintenance and renovation of existing structures. Paints and coatings are essential for protecting these structures from environmental elements, including moisture, UV radiation, and corrosion, thereby extending their lifespan and preserving their aesthetic appeal. Moreover, the construction industry's preference for durable and high-quality coatings, coupled with evolving architectural trends, fuels the demand for decorative paints.
In addition, the automotive industry serves as a prominent driver of sales for paints and coatings. Europe boasts a robust automotive manufacturing sector, with numerous renowned car manufacturers and a thriving automotive aftermarket. In the automotive sector, coatings are not only crucial for enhancing the aesthetic appeal of vehicles but also for providing essential protection against corrosion, wear, and environmental factors. As consumers consistently seek new cars, automotive manufacturers require coatings for both original equipment manufacturing (OEM) and refinishing applications. The constant demand for cars, coupled with the need for periodic refinishing and maintenance services, results in a steady and substantial market for automotive paints and coatings. However, stringent environmental regulations in Europe impose limits on the use of volatile organic compounds (VOCs) in coatings. Compliance with these regulations can be costly and impact product formulations, which ultimately act as a potential challenge to the growth of the market. Meanwhile, collaborating with other industries, such as architecture and design, to create innovative coatings solutions for unique projects and applications can open new markets. Key manufacturers are announcing acquisitions, launches, and partnerships to satisfy the demand from various end-use industries. For instance, in December 2022, BASF launched automotive coatings using renewable raw materials according to a certified biomass balance approach.
Increasing energy costs is anticipated for the coming years which will lead to increase of feedstock prices, which will openly affect the price of all synthetic resins used in coating applications. Furthermore, the strict rules to decrease the carbon footprint and VOC emissions will effect the market growth of paints and coatings as the manufacturers will have to invest in innovative technology to meet the conditions set by the regulatory bodies.
The europe paints and coatings market size was valued at USD 34,566.4 million in 2022
The europe paints and coatings market report covers Germany, France, Italy, Spain, and United Kingdom (UK)
The europe paints and coatings market key players are AkzoNobel N.V. (Netherlands), Asian Paints Ltd. (India), Axalta Coating Systems LLC (United States), BASF S.E. (Germany), Jotun Group (Norway), Kansai Paint Co. Ltd. (Japan)
1.Executive Summary |
2. Europe Paints And Coatings Market Introduction |
2.1. Europe Paints And Coatings Market - Taxonomy |
2.2. Europe Paints And Coatings Market - Definitions |
2.2.1. By Formulation |
2.2.2. By Application |
2.2.3. By End User |
2.2.4. By Country |
3. Europe Paints And Coatings Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4. Europe Paints And Coatings Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Europe Paints And Coatings Market By Formulation, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
5.1. Water Borne |
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Solvent Borne |
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Powder Based |
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. High Solids |
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Other Formulations |
5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6. Europe Paints And Coatings Market By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
6.1. Clinical Application |
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Administrative Application |
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Reporting in Healthcare System |
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Healthcare Financing |
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Clinical Research Application |
6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7. Europe Paints And Coatings Market By End User, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
7.1. Hospital |
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Clinics |
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Specialty Centers |
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Other End Users |
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
8. Europe Paints And Coatings Market By Country, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
8.1. Germany |
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. France |
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Italy |
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. United Kingdom (UK) |
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Spain |
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9.Germany Paints And Coatings Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
9.1. Formulation Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Water Borne |
9.1.2.Solvent Borne |
9.1.3.Powder Based |
9.1.4.High Solids |
9.1.5.Other Formulations |
9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Clinical Application |
9.2.2.Administrative Application |
9.2.3.Reporting in Healthcare System |
9.2.4.Healthcare Financing |
9.2.5.Clinical Research Application |
9.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Hospital |
9.3.2.Clinics |
9.3.3.Specialty Centers |
9.3.4.Other End Users |
9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10.France Paints And Coatings Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
10.1. Formulation Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Water Borne |
10.1.2.Solvent Borne |
10.1.3.Powder Based |
10.1.4.High Solids |
10.1.5.Other Formulations |
10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Clinical Application |
10.2.2.Administrative Application |
10.2.3.Reporting in Healthcare System |
10.2.4.Healthcare Financing |
10.2.5.Clinical Research Application |
10.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Hospital |
10.3.2.Clinics |
10.3.3.Specialty Centers |
10.3.4.Other End Users |
10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
11.Italy Paints And Coatings Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
11.1. Formulation Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Water Borne |
11.1.2.Solvent Borne |
11.1.3.Powder Based |
11.1.4.High Solids |
11.1.5.Other Formulations |
11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Clinical Application |
11.2.2.Administrative Application |
11.2.3.Reporting in Healthcare System |
11.2.4.Healthcare Financing |
11.2.5.Clinical Research Application |
11.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Hospital |
11.3.2.Clinics |
11.3.3.Specialty Centers |
11.3.4.Other End Users |
11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12.United Kingdom (UK) Paints And Coatings Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
12.1. Formulation Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Water Borne |
12.1.2.Solvent Borne |
12.1.3.Powder Based |
12.1.4.High Solids |
12.1.5.Other Formulations |
12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Clinical Application |
12.2.2.Administrative Application |
12.2.3.Reporting in Healthcare System |
12.2.4.Healthcare Financing |
12.2.5.Clinical Research Application |
12.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Hospital |
12.3.2.Clinics |
12.3.3.Specialty Centers |
12.3.4.Other End Users |
12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13.Spain Paints And Coatings Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
13.1. Formulation Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Water Borne |
13.1.2.Solvent Borne |
13.1.3.Powder Based |
13.1.4.High Solids |
13.1.5.Other Formulations |
13.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Clinical Application |
13.2.2.Administrative Application |
13.2.3.Reporting in Healthcare System |
13.2.4.Healthcare Financing |
13.2.5.Clinical Research Application |
13.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Hospital |
13.3.2.Clinics |
13.3.3.Specialty Centers |
13.3.4.Other End Users |
13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.AkzoNobel N.V. (Netherlands) |
14.2.2.Asian Paints Ltd. (India) |
14.2.3.Axalta Coating Systems LLC (United States) |
14.2.4.BASF S.E. (Germany) |
14.2.5.Jotun Group (Norway) |
14.2.6.Kansai Paint Co. Ltd. (Japan) |
14.2.7.Nippon Paint Holdings Co. Ltd. (Japan) |
14.2.8.PPG Industries (United States) |
14.2.9.RPM International Inc. (United States) |
14.2.10.Sherwin-Williams (United States) |
15. Research Methodology |
16. Appendix and Abbreviations |