Europe Paints and Coatings Market – Growth, Trends, and Forecast (2019 – 2024)

The Europe Paints and Coatings Market is segmented By Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types), By End User (Architectural, Automotive, Wood, Protective Coatings, General Industrial, Transportation, and Packaging), and Geography.

Market Snapshot

Study Period:


Base Year:


Key Players:

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Market Overview

The European paints and coatings market is expected to register a CAGR of 3.77%, during the forecast period of 2019 – 2024. The major factors driving the market studied are the growing automotive industry in the region and a rise in the use of protective coatings in the offshore wind turbine industry. The unavailability of adequate substitutes for banned lead chromate used in industrial coatings and increasing prices of raw materials are expected to hinder the growth of the market studied.

  • Increasing demand for architectural coatings is one of the major factors driving the growth of the market.
  • Use of nanotechnology in paints and coatings is likely to act as an opportunity in the future.
  • Germany dominated the market across Europe due to the increasing demand in the construction and automotive industry.

Scope of the Report

The European paints and coatings market report include:

By Resin Type
Other Resin Types
By End-user Industry
Protective Coatings Market
Oil and Gas
Electrical and Electronics
General Industrial
By Technology
Powder Coatings
UV Cured Coatings
United Kingdom
Nordic Countries
Rest of Europe

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Key Market Trends

Increasing Demand from Construction

  • Paints and coatings are not only used in the interior of the houses to add colors or decorative purposes, but also to perform a wide range of functions. Their functions vary depending upon the type of environment and room that they are used on.
  • Paints and coatings are applied on the exterior of the house, not only to give them a new look but also to protect it from blistering summers, freezing winters, soaking rain, and the daily bombardment of UV radiation without fading, peeling away, and cracking.
  • Developments in the construction sector are partly due to the robust economic growth and its positive implications on corporate profits, household income, and the state of public finances. The construction activities in countries, such as the United States, China, India, etc., are expected to drive the growth of the market.
  • Moreover, low-interest rate level, internal migration flows, immigration, and investment backlog that has accumulated in areas, like infrastructure, since the financial crisis is supporting the upswing.
  • Renewed focus of European construction companies on local markets and their core business is expected to lead to an increased demand for paints and coatings during the forecast period.
europe paints and coat

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Germany to Dominate the Market

Germany is recognized across the world for its leadership in the automotive industry and excellence in engineering. Twenty-one of the world’s top 100 automotive suppliers are German companies. The growth in the automobile industry is expected to positively affect the paints and coatings market in the country. It is also expected to close the gaps in the German high-speed rail network. Freight trains will also travel on the route. The line is likely to open various opportunities for implementing state-of-the-art transport concepts, which marks as the beginning of a new era of rail travel and increase in paints and coatings market. Growing eco-consciousness among consumers, who are becoming aware of the detrimental environmental effects certain pack types have decreased the use of packaging coatings. However, manufacturers are working on various eye-catching designs and labeling that help create a premium image. Germany has the largest construction industry in Europe. According to industry experts, the demand for new houses is estimated to be around 350,000 per year until 2020, which is expected to boost the construction sector. The German construction sector has been growing slowly, mainly driven by increasing new residential construction activities. It is also expected that Germany would spend more on the public infrastructure and there would be an increase in investments through public-private partnerships at the municipal level. The growth in the automotive and construction sectors are expected to boost the demand for paints and coatings in Germany, during the forecast period.

europr paints and coat country

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Competitive Landscape

The European paints and coatings market is semi consolidated, with top players accounting 50% of the market. Akzo Nobel NV, BASF SE, Jotun, Hempel, Beckers Group, etc., are some of the major manufacturers of paints and coatings in the European region.

Major Players

  1. Akzo Nobel NV
  2. BASF SE
  3. Jotun
  4. Hempel
  5. Beckers Group

* Complete list of players covered available in the table of contents below

europe paints and c mC

Download the market shares of key players in this industry.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Importance of Retro-fitting and Improving Efficiency of the Existing Housing Stock Built Before 1970

      2. 4.1.2 Rise in the Use of Protective Coatings in the Booming Offshore Wind Turbine Industry

    2. 4.2 Restraints

      1. 4.2.1 Unavailability of Substitutes for Banned Lead Chromate Used in Industrial Coatings

      2. 4.2.2 Rise in the Prices of Raw Materials

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Regulatory Policy Analysis


    1. 5.1 By Resin Type

      1. 5.1.1 Acrylic

      2. 5.1.2 Alkyd

      3. 5.1.3 Polyurethane

      4. 5.1.4 Epoxy

      5. 5.1.5 Polyester

      6. 5.1.6 Other Resin Types

    2. 5.2 By End-user Industry

      1. 5.2.1 Architectural

      2. 5.2.2 Automotive

      3. 5.2.3 Wood

      4. 5.2.4 Protective Coatings Market

        1. Oil and Gas

        2. Power

        3. Electrical and Electronics

        4. Infrastructure

        5. Others

      5. 5.2.5 General Industrial

      6. 5.2.6 Transportation

      7. 5.2.7 Packaging

    3. 5.3 By Technology

      1. 5.3.1 Water-borne

      2. 5.3.2 Solvent-borne

      3. 5.3.3 Powder Coatings

      4. 5.3.4 UV Cured Coatings

    4. 5.4 Geography

      1. 5.4.1 Germany

      2. 5.4.2 United Kingdom

      3. 5.4.3 France

      4. 5.4.4 Italy

      5. 5.4.5 Spain

      6. 5.4.6 Russia

      7. 5.4.7 Benelux

      8. 5.4.8 Nordic Countries

      9. 5.4.9 Rest of Europe


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Akzo Nobel NV

      2. 6.4.2 Axalta Coating Systems Ltd LLC

      3. 6.4.3 BASF SE

      4. 6.4.4 Beckers Group

      5. 6.4.5 Berger Paints India Ltd

      6. 6.4.6 Brillux GmbH & Co. KG

      7. 6.4.7 Cromology

      8. 6.4.8 DAW SE

      9. 6.4.9 Fujikura Kasai

      10. 6.4.10 Hempel

      11. 6.4.11 Henkel AG & Co. KGaA

      12. 6.4.12 Jotun

      13. 6.4.13 J.W.Ostendorf

      14. 6.4.14 Kansai Paints Co. Ltd

      15. 6.4.15 Mankiewicz Hamburg

      16. 6.4.16 Metlac Spa

      17. 6.4.17 National Paints Factories Co. Ltd

      18. 6.4.18 PPG Industries Inc.

      19. 6.4.19 RPM International Inc.

      20. 6.4.20 Śnieżka SA

      21. 6.4.21 ShawCor Ltd

      22. 6.4.22 SIKA AG

      23. 6.4.23 Sto Group

      24. 6.4.24 Tikkurila Oyj

      25. 6.4.25 Teknos Group

      26. 6.4.26 The Sherwin-Williams Company

      27. 6.4.27 TIGER Coatings GmbH & Co. KG

    5. *List Not Exhaustive

    1. 7.1 Use of Nano Technology in Paints & Coatings

    2. 7.2 Increase in the Demand for Bio-based and Eco-friendly Paints & Coatings

**Subject to Availability

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