Europe Protective Coatings Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Protective Coatings Market Analysis
The Europe protective coatings market is estimated to witness a significant growth, at an estimated CAGR of over 4%, over the forecast period. Increasing demand from the European oil and gas industry and increasing infrastructure activities in Europe are expected to drive the market during the forecast period.
- Regulations related to the VOCs and rise in prices of raw materials are likely to hinder the market's growth.
- Germany is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.
Europe Protective Coatings Market Trends
This section covers the major market trends shaping the Europe Protective Coatings Market according to our research experts:
Rising Demand from Infrastructure Segment
- Infrastructure accounts for the largest share of the market and is also estimated to be the fastest growing. Rails, bridges, and roads constitute major segments of the infrastructure. With the increase in population, expansions in infrastructure have become an inevitable part of socio-economic development.
- Protective coatings are used in overhead structures, like flyovers and bridges, particularly in refurbishment situations, in order to improve the durability and to delay the replacement in structures. They are used to reduce the damage on the concrete surfaces and to stop or significantly reduce the rate of steel reinforcement corrosion.
- The need to invest more in Europe's infrastructure has been heavily discussed in the context of the EU's post 2020 Multiannual Financial Framework. The European Commission, today, is proposing to invest EUR 1 billion in 39 transport projects, which will unlock a total of EUR 4.5 billion of public and private co-financing by 2030.
- Under the Connecting Europe Facility (CEF), EUR 24.05 billion will be made available from the EU's 2014-2020 budget to co-fund TEN-T projects of common interest in the EU Member States. Of these, EUR19.3 billion have so far been legally committed.
- The aforementioned factors have been boosting the demand for protective coatings, in the recent times.
Germany to Dominate the Market
- Germany is the leading market for protective coatings in the European market share, in terms of revenue.
- Germany's highway system has one of the greatest kilometer density levels in Europe and the 37,900 km of railway tracks is the sixth largest in the world. With over 250 inland ports, Germany's port infrastructure is also one of the largest in the world.
- Apart from the growth of the infrastructure industry, increasing installation of wind power plants is also expected to boost the protective coatings market In Germany. Germany, currently, has around 26,000 wind turbines and has plans of plans for further expansion.
- It is also expected that Germany may spend more on the public infrastructure, and an increase in investments through public-private partnerships at the municipal level.
- Thus, all the aforementioned factors are expected to drive the demand for protective coatings in the region during the forecast period.
Europe Protective Coatings Industry Overview
The Europe protective coatings market is partially fragmented. Key players in the market include Akzo Nobel N.V., NIPSEA GROUP, The Sherwin Williams Company, PPG Industries, Inc., and Hempel A/S, among others.
Europe Protective Coatings Market Leaders
Akzo Nobel N.V.
NIPSEA GROUP
The Sherwin Williams Company
PPG Industries, Inc.
Hempel A/S
*Disclaimer: Major Players sorted in no particular order
Europe Protective Coatings Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand From the European Oil and Gas Industry
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4.1.2 Increasing Infrastructure Activities in Europe
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4.2 Restraints
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4.2.1 Regulations related to the VOCs
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Resin Type
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5.1.1 Epoxy
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5.1.2 Polyester
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5.1.3 Polyurethane
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5.1.4 Vinyl Ester
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5.1.5 Other Resin Types
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5.2 Technology
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5.2.1 Water-borne
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5.2.2 Solvent-borne
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5.2.3 Powder
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5.2.4 Other Technologies
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5.3 End-user Industry
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5.3.1 Oil and Gas
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5.3.2 Mining
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5.3.3 Power
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5.3.4 Infrastructure
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5.3.5 Other End-user Industries
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5.4 Geography
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5.4.1 Germany
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5.4.2 United Kingdom
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5.4.3 France
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5.4.4 Italy
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5.4.5 Spain
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5.4.6 Russia
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5.4.7 Rest of Europe
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Akzo Nobel N.V.
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6.4.2 Arkema Group
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6.4.3 BASF SE
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6.4.4 Beckers Group
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6.4.5 Brillux GmbH & Co. KG
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6.4.6 DAW SE
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6.4.7 H.B. Fuller Company
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6.4.8 Hempel A/S
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6.4.9 Jotun
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6.4.10 Kansai Paint Co. Ltd
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6.4.11 Meffert AG Farbwerke
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6.4.12 NIPSEA GROUP
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6.4.13 PPG Industries, Inc.
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6.4.14 RPM International Inc.
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6.4.15 Sika AG
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6.4.16 The Sherwin Williams Company
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Protective Coatings Industry Segmentation
The Europe protective coatings market report includes:
| Resin Type | |
| Epoxy | |
| Polyester | |
| Polyurethane | |
| Vinyl Ester | |
| Other Resin Types |
| Technology | |
| Water-borne | |
| Solvent-borne | |
| Powder | |
| Other Technologies |
| End-user Industry | |
| Oil and Gas | |
| Mining | |
| Power | |
| Infrastructure | |
| Other End-user Industries |
| Geography | |
| Germany | |
| United Kingdom | |
| France | |
| Italy | |
| Spain | |
| Russia | |
| Rest of Europe |
Europe Protective Coatings Market Research FAQs
What is the current Europe Protective Coatings Market size?
The Europe Protective Coatings Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Europe Protective Coatings Market?
Akzo Nobel N.V., NIPSEA GROUP, The Sherwin Williams Company, PPG Industries, Inc. and Hempel A/S are the major companies operating in the Europe Protective Coatings Market.
What years does this Europe Protective Coatings Market cover?
The report covers the Europe Protective Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Protective Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Protective Coatings Industry Report
Statistics for the 2024 Europe Protective Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Protective Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
