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Pulished Date August, 2020
ID: 10038
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Europe Industrial Coatings Market segmentation by Resin Type (Acrylic, Epoxy, Alkyd, Polyurethane, Polyester), Technology (Water-Borne, Solvent-Borne, UV-Cured, Powder Coating), End-Use Industry (Architecture, Automotive, Aerospace, Marine, Wood, Packaging, Protective Coatings), and Regional Forecast to 2025

Pulished: August, 2020
ID: 10038
Pages: 135

Europe Industrial Coatings Market Analysis Report (2020 - 2025)

Europe is the second-largest market for Industrial coatings business in the world. Investment up to USD 26 billion in the power sector has increased the demand for protective coatings. With investments in the renewable energy sector, the demand for protective industrial coatings has significantly increased.  The European Industrial Coatings market is anticipated to grow at a CAGR of 4% over the forecasted period of 2020 to 2025.

Recent Developments

  • In 2017, Sherwin-Williams company became the global leader in paints and coatings after the acquisition of Valspar.

  • During the second quarter of 2020(Q2) the pandemic did not have a significant impact on AKZO Nobel, and the company delivered robust profitability. Though, revenues were dropped by 19%.

  • In 2019, Jotun’s sales went up by 19% because of improvements in marine protective coatings segments and good growth in decorative paintings segments.

  • Powder coating sales was also increased and overall profits went up to 71%

Drivers and Restraints of Industrial Coating Market

Growth in demand for the use of protective coating is a huge driving factor for industrial coating in this area. European countries are heavily invested in producing clean energy. Projects like offshore wind power generation have caused a huge demand for protective coatings. Nano-technology and its use in paints is also another driving force.
Development in the construction sector triggers the use of protective coatings as consumers want to reduce their O&M costs. Architectural coatings account for more than 50% of the total demand from the industry. The automobile industry in Germany is one of the most renowned in the world, they are also heavily reliant on the coating industry for their smooth functioning, which adds to the growth of the European industrial coatings market.

Factors holding back the market

European industrial coatings market growth is hindered by the growing concerns regarding the harmful impacts of solvent-borne industrial coatings.  Water-borne industrial coatings require a longer duration of drying time. This is a major drawback for the industry as these products are not able to catch up with the requirements. UV-cured coatings are in demand but at the same time, they are quite expensive to purchase as well as produce. The profitability of this segment is very shallow.

Europe Industrial Lubricant Market has been segmented into the following categories.

On the basis of Resin Type

  1. Epoxy
  2. Acrylic
  3. Polyester
  4. Alkyd

On the basis of Technology

  1. Solvent-Borne
  2. Water-Borne
  3. UV-Cured Coating
  4. Powder Coating

On the basis of End Use

  1. Architectural
  2. Wooden
  3. Automotive
  4. Protective Coatings
  5. Marine
  6. Aerospace
  7. Packaging

Europe is quickly becoming a global leader in the renewable energy department. Scandinavian countries are heavily dependent on wind power generation to meet their demands. Industrial coatings are an important element that safeguards the protection of the parts of the machinery.  

Europe is the second-largest market for industrial coatings after the Asia-Pacific region.
Wooden Industry in Europe is slowing down and hence the demand for wooden based coatings is also low compared to other segments.

The European region is full of modern and medieval architectures and continuously growing market in the architectural department. UK has invested more than 2 billion USD in the architectural industry and this has also helped the industrial coating industry.

Geographical overview and regional presence:

Germany accounts for a prominent share in Europe automotive market with almost 41 assembly and engine production plants, contributing to one-third of the regional vehicle production in Europe. The new vehicle business in Germany exceeded three million in the review period. This tremendously increased the demand for the industrial coating market in Europe. However, there was a small halt as the vehicles needed to fulfill the environment-friendly regulations.

Many industrial coating companies have been given contracts to provide protective coatings for the same. On top of this, a significant number of infrastructure projects have been taken up in Poland, Romania, and the Czech Republic, which will increase the demand for industrial coating in Europe further.

Impact of COVID-19 on the European Industrial Coatings Market:

COVID-19 has exposed severe challenges for the coatings market by impacting the architectural and industrial sectors. With Europe being an early hotspot of the virus, all production activities and economic activities were shut in Italy, Germany, and Spain. Automotive manufacturing, Construction projects were all halted and as a consequence, the demand for the industrial coatings significantly dropped. Packaging industries are expected to grow thanks to the increase in demand for packaged goods. In this sector, the demand has slightly increased for the coating materials. But overall, the industry is expected to be negatively impacted by the end of 2021. Economic recoveries can be expected after 2021 but till then there is a very slight chance of growth.

Key Market Players:

  1. The Sherwin-Williams Company

  2. AKZO Novel NV

  3. BASF SE

  4.  Jotun

  5. Hampel A/S

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Resin                             

                                5.1.1 Introduction           

                                5.1.2 Acrylic       

                                5.1.3 Alkyd         

                                5.1.4 Epoxy        

                                5.1.5 Polyurethane         

                                5.1.6 Polyester 

                                5.1.7  Y-o-Y Growth Analysis, By Resin   

                                5.1.8  Market Attractiveness Analysis, By Resin 

                                5.1.9  Market Share Analysis, By Resin   

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Water        

                                5.2.3 Solvent     

                                5.2.4 High Solids               

                                5.2.5 Powder    

                                5.2.6 Y-o-Y Growth Analysis, By Application         

                                5.2.7 Market Attractiveness Analysis, By Application       

                                5.2.8 Market Share Analysis, By Application        

                5.3 End-Use Industry                     

                                5.3.1 Introduction           

                                5.3.2 Automotive            

                                5.3.3 Aerospace               

                                5.3.4 Marine      

                                5.3.5 Wood        

                                5.3.6 Packaging

                                5.3.7 Protective               

                                5.3.7 Y-o-Y Growth Analysis, By End-Use Industry            

                                5.3.8 Market Attractiveness Analysis, By End-Use Industry          

                                5.3.9 Market Share Analysis, By End-Use Industry            

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Resin

                                                6.1.3.3 By Application

                                                6.1.3.4 By End-Use Industry

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Resin

                                                6.1.4.3 By Application

                                                6.1.4.4 By End-Use Industry

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Resin

                                                6.1.5.3 By Application

                                                6.1.5.4 By End-Use Industry

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 AkzoNobel N.V.                        

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 The Sherwin-Williams Company                        

                8.3 PPG Industries                          

                8.4 Jotun A/S                    

                8.5 Nippon Paint                              

                8.6 Axalta Coatings Systems                       

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of by resin,by end use,along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Europe Industrial Coatings  Market By Region, From2020-2025 ( USD Billion )

  2. Europe Industrial Coatings  Market By Resin Type, From2020-2025 ( USD Billion )

  3. Europe Acrylic Market By Region, From2020-2025 ( USD Billion )

  4. Europe Alkyd Market By Region, From2020-2025 ( USD Billion )

  5. Europe Epoxy Market By Region, From2020-2025 ( USD Billion )

  6. Europe Polyurethane Market By Region, From2020-2025 ( USD Billion )

  7. Europe Polyester Market By Region, From2020-2025 ( USD Billion )

  8. Europe Industrial Coatings  Market By Application, From2020-2025 ( USD Billion )

  9. Europe Water Market By Region, From2020-2025 ( USD Billion )

  10. Europe Solvent Market By Region, From2020-2025 ( USD Billion )

  11. Europe High Solids Market By Region, From2020-2025 ( USD Billion )

  12. Europe Powder Market By Region, From2020-2025 ( USD Billion )

  13. Europe Industrial Coatings  Market By End-Use Industry, From2020-2025 ( USD Billion )

  14. Europe Automotive  Market By Region, From2020-2025 ( USD Billion )

  15. Europe Aerospace Market By Region, From2020-2025 ( USD Billion )

  16. Europe Marine Market By Region, From2020-2025 ( USD Billion )

  17. Europe Wood Market By Region, From2020-2025 ( USD Billion )

  18. Europe Packaging Market By Region, From2020-2025 ( USD Billion )

  19. Europe Protective Market By Region, From2020-2025 ( USD Billion )

  20. Europe Industrial Coatings  Market By Region, From2020-2025 ( USD Billion )

 

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