Growing Industry of Europe Architectural Coatings Market | Top Key Players - Akzo Nobel NV, BASF SE, Beckers Group, Berger Paints, Brillux GmbH, Cromology, DAW SE, Hempel, Jotun, Kansai Paints | Foreseen Till 2023

Marketprognosis.com Publish a New Market Research Report On “Europe Architectural Coatings Market 2018 - 2023” which contains Europe key player’s survey information and forecast to 2023.

Overview of the Europe Architectural Coatings Market:

The Europe Architectural Coatings Market stood at 6,849.85 kilo metric ton in 2017. The market is expected to register a CAGR of 3.49% in terms of volume during the forecast period, 2018 to 2023. Increasing Construction Activities in the Europe is expected to drive the market in the forecast period.

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Western Europe, being a mature economy, is expected to show diminutive growth when compared to Central and Eastern European countries. The growth in the European industry is expected to be supported by various factors, such as lower interest rates, increase in real household disposable income, and numerous investment plans by the European Union. The number of residential buildings increased by around 9% in 2016, with major contributions from Slovakia, Spain, Germany, Sweden, and the United Kingdom. The non-residential buildings or commercial buildings segment is expected to also increase by around 5.5%, with significant growth in Hungary, Spain, Belgium, Finland and Germany, in 2017-18. Moreover, the civil engineering segment that suffered owing the financial crisis has gained momentum with the European Commission’s Investment Plan for Europe. Hence, with such boom in commercial construction activities in Europe, the demand for paints & coatings in the region is projected to increase substantially during the forecast period.

The VOCs released from solvent-borne coatings is the core reason for the switch of manufacturers to water-borne coatings. Also, other properties, like low odor, more durability, and more block resistance make water-borne coatings more preferable. There are many regulations from several governments, which support water-based coatings. REACH, a government initiative in Europe, was adopted to improve human health and the environment from the risks that can be constituted by chemicals, while enhancing the competition in European chemicals industry. Promoting alternative methods for the hazard assessment of substances in order to reduce tests on animals. This is increasing the demand for coatings with low VOC content, such as water-borne coatings. In recent times there has been a propensity to seek coatings with high usability, and water clean-up characteristics among the users, water-borne coatings meet the requirements, and also facilitate low viscosity, without the addition of low-molecular weight monomers.

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The construction industry in Germany is growing at a great pace, owing to the public and private sector investments in infrastructure, residential, and industrial construction projects and energy. The residential construction is expected to grow due to the rapid urbanization, population growth, and to balance the demand and supply for housing. Additionally, the increasing need for schools, government offices, and healthcare facilities is expected to further boost the construction industry in the country. The growth in construction is expected to boost the architectural coatings market in the country during the forecast period.

Major Key Players:

1 Akzo Nobel N.V.

2 BASF SE

3 Beckers Group

4 Berger Paints India Ltd.

5 Brillux GmbH & Co. KG

6 Cromology

7 DAW SE

8 Hempel

9 Jotun

10 Kansai Paints Co. Ltd. and More…………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Architectural Coatings Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.