#varnishes

Renovating Europe: New Ceresana Report on the European Market for Paints and Coatings

From niche products to everyday standard in a short space of time: Acrylic and polyester-based paints and coatings are currently experiencing the greatest growth in Europe. Acrylics dominate in water-based dispersions, polyesters in powder coatings – as low-emission and more environmentally friendly alternatives to solvent-based paints, both benefit from the trend towards sustainability and from EU regulations. However, the latest, seventh edition of the Ceresana market study “Paints and Coatings – Europe” shows that not only plastics such as epoxy or polyurethane (PUR) are on the rise: Increasingly, bio-based coatings are also being used, which can be easily combined with bio-based insulation materials, bio-based adhesives, and other construction materials made from renewable raw materials. In total, Europeans consume around 9.1 million tonnes of paints and coatings per year.

Opportunities Not Just for Acrylic: Ceresana Report on the European Market for Paints and Coatings

Water continues to gain in importance as a solvent: Water-based paints and coatings, which are comparatively environmentally friendly, already satisfy more than half of demand in Europe. According to the latest Ceresana report on coatings, Europeans consume a total of around 9.2 million tonnes of paints and varnishes every year. Increasingly, bio-based coatings are being used, which can be combined well with bio-insulation materials, bio-adhesives and other sustainable construction materials. However, sales of paint products based on plastics such as acrylic, alkyd, epoxy, polyurethane or polyester are also increasing. Vinyl paints alone currently account for around 23% of total demand. Ceresana’s market researchers provide forecasts up to the year 2032: In the European coatings market, they expect the strongest growth for acrylic paints.

The architectural coatings market is expected to be highly beneficial for segments such as industrial, residential and commercial architectures, owing to the growing demand from various end-user industries. The manufacturing of technologically advanced coatings and the need for protective layers on diverse materials is providing ample opportunities for these businesses. The research report provides an overview of current trends and challenges as well as historical data and projections for the future.

The market for architectural coatings is driven by factors such as population growth, urbanization, and the construction of new buildings. The market is segmented by product type, application, and geography.

Architectural coatings are synthetic formulations that are applied to architectural structures to lengthen their useful lives, give them a beautiful appearance, and protect them from hazardous weather conditions like high humidity, low temperatures, chemicals, and abrupt climate changes.

Are you looking for an in-depth analysis of the global architectural coatings market? This report provides a comprehensive assessment of the key players in the industry, offering valuable insights into how established and emerging companies can plan their marketing strategies. With this data at hand, you will be well-equipped to stay ahead of the competition!

The architectural coatings market report includes in-depth competitive analysis and profiles of the major market players,

including AKZO Nobel, Axalta Coatings, Asian Paints, BASF SE, Nippon Paints, Kansai Paint Co., PPG Industries, RPM International Inc., Sherwin-Williams Company, and Valspar Corporation.

This research report focuses on the global architectural coatings market, providing an overview of the current business cycle and microeconomic factors. It evaluates various financial factors such as production value and growth rate which can be used to better understand the potential for income growth in this sector. In addition, it provides a detailed analysis of trends and demographics that could influence the future of this market.

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TABLE OF CONTENT:

INTRODUCTION

MARKET SNAPSHOT, 2021-2030 MILLION USD

PORTER’S FIVE FORCE MODEL ANALYSIS

MARKET DYNAMICS

GLOBAL ARCHITECTURAL COATINGS MARKET, BY RESIN TYPE

GLOBAL ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY

GLOBAL ARCHITECTURAL COATINGS MARKET, BY FUNCTION

GLOBAL ARCHITECTURAL COATINGS MARKET, BY END USE INDUSTRY

GLOBAL ARCHITECTURAL COATINGS MARKET, BY REGION

COMPANY PROFILES

The architectural coatings market, which includes paint, lacquer, and other coating materials used in the construction sector for aesthetic or protective purposes, has seen significant changes due to the COVID-19 pandemic. The lockdowns imposed have caused major disruption with manufacturers unable to meet demand or delivery timelines. As a result of the pandemic, there is an increased demand for more reliable technology-backed processes such as innovative paint products with germicidal properties that can prevent the spread of pathogens.

In addition, consumer behavior with regard to spending habits has changed. The kinds of things that are in demand are being impacted by these shifts. Customers might decide to buy one product instead of a more luxury one, for instance. The worldwide architectural coatings market, however, is anticipated to have considerable revenue growth in the near future as the industry works to recover from the epidemic.

Analyzing the global architectural coatings market, researchers utilized several research methodologies such as primary and secondary research, PESTEL analyses, SWOT analyses and Porter's Five Forces Model. By employing statistics and figures to assess prices, costs, revenues and numbers, a comprehensive understanding of the market is put forth.

The report offers a general overview of the architectural coatings market, everything from sales to substance. It even covers a thorough analysis of supplier chains, retailers, and company execution across regional markets. Additionally, this research analyzes various segments of the global architectural coatings market. This study will assist prominent players and other emerging players in the industry to evaluate production, marketing, and sales strategies with this data.

The architectural coatings market is divided into following categories based on end-user:

Residential

Non-Residential

The architectural coatings market, on the basis of technology, can be categorized into the following:

Waterborne

Solvent Borne

The study includes forecasts for growing companies in the industry and the global market. The report pays close attention to the following regions: North America, Europe, Asia-Pacific, Latin America, Africa, and the Middle East. It focuses on future revenue prospects and the latest business trends.

This report on the global architectural coatings market covers qualitative factors such as future growth opportunities, business plans, and sales, alongside forecasted market size and market shares from various companies in this industry. It also portrays the economic and social factors that could affect the business.

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