European Paints and Coatings Market Set to Soar to $34.80 Billion by 2027

𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐏𝐚𝐢𝐧𝐭𝐬 𝐚𝐧𝐝 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐑𝐚𝐭𝐞 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭:

The European Paints and Coatings market is on an upward trajectory, projected to reach $34.80 billion by 2027, up from $30.06 billion in 2019. This growth, at a CAGR of 2.47%, is driven by advancements in technology, diverse resin types, and expanding applications across various industries.

𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐏𝐚𝐢𝐧𝐭𝐬 𝐚𝐧𝐝 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 𝐚𝐧𝐝 𝐃𝐞𝐦𝐚𝐧𝐝 𝐕𝐚𝐫𝐢𝐚𝐭𝐢𝐨𝐧𝐬: 𝐖𝐡𝐚𝐭 𝐒𝐡𝐨𝐮𝐥𝐝 𝐖𝐞 𝐄𝐱𝐩𝐞𝐜𝐭?

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 𝐚𝐧𝐝 𝐂𝐎𝐕𝐈𝐃-19 𝐈𝐦𝐩𝐚𝐜𝐭

The COVID-19 pandemic had a significant impact on the European Paints and Coatings market, disrupting supply chains and halting production of raw materials. Key manufacturing hubs like Germany, Russia, France, the UK, and Italy faced substantial setbacks. Despite these challenges, the market is poised for recovery, driven by a surge in demand for architectural coatings and the emergence of nanotechnology in paints.

𝐊𝐞𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬

Architectural Coatings: Increasing consumer interest in home décor and a shift towards premium products are propelling the demand for architectural coatings. In Western Europe, medium to premium products dominate the market, while emerging economies in Central and Eastern Europe are gradually shifting towards higher quality products as living standards improve.

Technological Advancements: Nanotechnology in paints and coatings represents a promising future. This innovation, combined with ongoing R&D investments, aims to enhance product safety and sustainability, offering lucrative growth opportunities.

Environmental Regulations: The industry faces strict environmental regulations, particularly concerning wastewater discharge standards. Compliance challenges persist, especially for manufacturers dealing with metal contamination and other pollutants. However, these regulatory pressures are driving advancements in eco-friendly products.

𝐆𝐫𝐚𝐛 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/115563/

𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐏𝐚𝐢𝐧𝐭𝐬 𝐚𝐧𝐝 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Paint is defined as any coloured liquid, liquefiable, or solid lacquer substance that solidifies after being put in a thin layer to a surface. Most commonly, it is used to protect the color or texture of objects. The bulk of paints are either oil-based or water-based, with both having unique qualities. A coating is a protective layer applied to an object's surface, also known as its substrate. The coating might serve decorative, utilitarian, or both objectives. Paints and coatings have several applications in various industries.

European Paints and Coatings 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐨𝐩𝐞 𝐚𝐧𝐝 𝐌𝐞𝐭𝐡𝐨𝐝𝐨𝐥𝐨𝐠𝐲:

The report looks at elements that impact the market, like economic situations and trends. To understand better about European Paints and Coatings market scenarios, it uses competitive analysis and market segmentation. The report provides useful understanding and suggestions for people involved in this industry. The European Paints and Coatings Market Report provides a thorough examination of the European Paints and Coatings industry, covering market dynamics, market trends, and key players. The research approach involves gathering data from primary and secondary sources like articles, surveys, interviews, and industry reports. Growth potential, market size as well as regional insights are studied using both quantitative and qualitative research methods in this study.

2019 is used as a baseline to anticipate the market from 2021 to 2027. The market size for 2020 is approximated using genuine figures and outputs from Europe's top companies. The market is forecasted until 2027 taking into account the trends of the previous five years. 2020 is an exceptional year, with a focus on the impact of lockdowns by region.

𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞: https://www.maximizemarketresearch.com/request-sample/115563/

𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐏𝐚𝐢𝐧𝐭𝐬 𝐚𝐧𝐝 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐁𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲

Solvent-based
Water-based
Powder coatings
UV cured coatings

Based on technology, the European Paints and Coatings market is divided into four categories: solvent-based, water-based, powder coatings, and UV-cured coatings. In 2019, the solvent-based category dominated the total European market in terms of revenue, owing to growing usage of these paints in the construction and automotive industries. However, due to an increase in demand for organic products, the water-based category is predicted to develop at a CAGR of throughout the projection period.

𝐁𝐲 𝐑𝐞𝐬𝐢𝐧 𝐓𝐲𝐩𝐞

Acrylic
Alkyd
Epoxy
Polyester
Polyurethane
Fluoropolymer
Vinyl

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Protective Coatings
Transportation
Packaging
Automotive
Wood
General Industrial
Architectural
Toys
Others

𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐏𝐚𝐢𝐧𝐭𝐬 𝐚𝐧𝐝 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

• Akzo Nobel N.V.
• Axalta Coating Systems
• BASF SE
• Beckers Group
• Brillux GmbH & Co. KG
• Cromology
• DAW SE
• Fujikura Kasei Co. Ltd.
• Hempel A/S
• Henkel AG & Co. KGaA
• Jotun
• J.W. Ostendorf
• Kansai Paints Co. Ltd.
• Mankiewicz Gebr. & Co.
• Metlac Spa
• National Paints Factories Co. Ltd
• PPG Industries, Inc.
• RPM International Inc.
• Shawcor
• Sika Ag
• Teknos Group
• The Sherwin-Williams Company
• TIGER Coatings GmbH & Co. KG
• Others

𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐏𝐚𝐢𝐧𝐭𝐬 𝐚𝐧𝐝 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬: 𝐖𝐡𝐨'𝐬 𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐢𝐧𝐠 𝐭𝐡𝐞 𝐇𝐢𝐠𝐡𝐞𝐬𝐭 𝐆𝐫𝐨𝐰𝐭𝐡?

Germany: As Europe's largest economy, Germany is a key player in the paints and coatings market. The country's automotive sector, which accounts for one-third of Europe's total automobile production, significantly contributes to this market. Despite a historic economic downturn in early 2020 due to COVID-19, the automotive industry is showing signs of recovery, expected to stabilize by the end of 2021.

Construction Sector: Germany's robust construction sector is another major driver. Positive migration trends are fueling demand for new residential developments, with an estimated 3.6 million migrants by 2020 requiring at least 350,000 new homes annually. This demand is expected to continue, albeit at a slightly reduced rate, driving the need for paints and coatings.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬

AkzoNobel's Acquisition: In September 2020, AkzoNobel acquired Stahl Performance Powder Coatings, gaining access to cutting-edge low-curing technology. This move enables AkzoNobel to explore new sectors by applying powder coatings to temperature-sensitive substrates.

Sherwin Williams' Powdura ECO Platform: In April 2020, Sherwin Williams introduced the first powder coatings line using a novel polyester resin made from 25% pre-consumer recycled plastic.

PPG Industries' Acquisition: In February 2020, PPG Industries acquired Industria Chimica Reggiana (ICR) SpA, an Italian manufacturer of automotive refinish products, expanding its product portfolio and market reach.

𝐂𝐨𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧

The European Paints and Coatings market is set for steady growth, driven by technological innovations, increasing consumer demand for high-quality products, and a resilient construction sector. While the industry faces environmental and regulatory challenges, ongoing advancements and strategic acquisitions are paving the way for a robust market expansion. Stakeholders and investors can look forward to a dynamic market landscape with numerous opportunities for growth and development.

𝐓𝐨 𝐚𝐜𝐜𝐞𝐬𝐬 𝐦𝐨𝐫𝐞 𝐜𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧, 𝐜𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞: https://www.maximizemarketresearch.com/market-report/european-paints-and-coatings-market/115563/

𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭𝐬: 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐏𝐚𝐢𝐧𝐭𝐬 𝐚𝐧𝐝 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Section 01: Overview
Section 02: Report Scope for the European Paints and Coatings Market
Section 03: Landscape of the European Paints and Coatings Market
Section 04: Size of the European Paints and Coatings Market
Section 05: Types of European Paints and Coatings Market Segmentation
Section 06: Analysis of Competitive Forces
Section 07: Profile of Customers
Section 08: Geographic Analysis
Section 09: Decision-Making Framework
Section 10: Factors Driving and Hindering Growth
Section 11: Current Market Developments
Section 12: Assessment of Market Participants
Section 13: Detailed Analysis of Vendors

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐏𝐚𝐢𝐧𝐭𝐬 𝐚𝐧𝐝 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

What is European Paints and Coatings?
What is the growth rate of the European Paints and Coatings Market?
Which are the factors expected to drive the European Paints and Coatings market growth?
What are the different segments of the European Paints and Coatings Market?
What growth strategies are the players considering to increase their presence in European Paints and Coatings?
What are the upcoming industry applications and trends for the European Paints and Coatings Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the European Paints and Coatings Market?
Who are the leading companies and what are their portfolios in European Paints and Coatings Market?
What segments are covered in the European Paints and Coatings Market?
Who are the key players in the European Paints and Coatings market?
𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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