Market Trends of germany architectural coatings Industry
This section covers the major market trends shaping the Germany Architectural Coatings Market according to our research experts:
Residential is the largest segment by Sub End User.
- Germany's total architectural coatings consumption recorded a CAGR of -1.14% during the 2016-2019 period. During the study period, this contraction in consumption was due to the growing trend of building materials that consume fewer paints, such as plastic sheets and pre-built materials.
- The commercial coatings’ share fluctuated by around 26% in Germany during the 2016-2019 period while declining by 23% in 2020 due to abnormal growth in residential paint consumption and declining commercial paint consumption.
- In 2020, even though commercial construction and remodeling paint consumption declined, total paint consumption showed a huge spike due to a large increase in the consumption of the DIY paints, especially in the country’s residential sector, as people stayed home due to the COVID-19 pandemic.
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