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Germany Industrial Coatings Market - Growth, Trends, and Forecast (2020 - 2025)
The market is segmented by Resin Type (Epoxy, Polyester, Vinyl Ester, Polyurethane, and Other Resin Types), Technology (Water-borne, Solvent-borne, Radiation-cured Coatings, and Powder Coatings), and Type (General Industrial and Protective)
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016-2025
Base Year:
2019
CAGR:
4 %
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Market Overview
The Germany industrial coatings market is estimated to witness a healthy growth, at an estimated CAGR of over 4%, over the forecast period. The major factors driving the market studied are the increasing private investment participation in the country.
- The growing oil and gas sector activities are expected to drive the demand for the market, during the forecast period.
- Upcoming infrastructure projects are projected to act as an opportunity for the market in the future.
Scope of the report
The Germany industrial coatings market report includes:
| Resin Type | |
| Epoxy | |
| Polyester | |
| Vinyl Ester | |
| Polyurethane | |
| Other Resin Types |
| Technology | |
| Water-borne | |
| Solvent-borne | |
| Radiation-cured Coatings | |
| Powder Coatings |
| Type | |||||||
| General Industrial | |||||||
|
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Key Market Trends
Growing Oil and Gas Sector to Increase the Demand for Protective Coatings
- The growing oil & gas sector drives the industrial coatings market, as the sector involves operations, like drilling, wellhead, and sub-sea equipment, and this equipment requires coatings especially for heat & abrasion resistance, and for long component life.
- Germany has minimal domestic oil production equivalent to around 2% of oil consumption. Above 90% of crude oil is imported from Russia, Norway, and other countries. However, usage of fossil fuels for energy production has been decreasing since 2000. A significant part of oil is used for transportation, and a small fraction is used for power production.
- The German Petroleum Industry Association estimated a 14% reduction in oil consumption for the period 2010-2025. There are several key factors that are impelling the promotion of biofuels and alternative fuels, energy taxation levels, and efficiency standards for buildings and cars.
- Owing to all the aforementioned factors, the market for industrial coatings in the country is projected to grow during the forecast period.
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Growing Usage of Polyurethane Resins
- Polyurethane resins are thermosetting resins, which are produced by a reaction between polyalcohol and an organic di-isocyanate, which do not melt when heated.
- Polyurethane coatings are usually applied over primers and intermediate coats to provide a lustrous glossy finish, while maintaining resistivity and providing excellent performance against high levels of UV and other extreme weather conditions, in areas that are prone to high wear and resistivity toward a wide range of solvents.
- The demand for polyurethane-based coatings, during the forecast period, is expected to be augmented by the increasing infrastructural activities in the country. Moreover, they are seen as a potential substitute for epoxy resins.
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Competitive Landscape
The Germany industrial coatings market is partially consolidated in nature. Key players in the market include AkzoNobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, Axalta Coating Systems, and Jotun, among others.
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Table Of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Private Investment Participation
4.1.2 Growing Oil and Gas Sector
4.2 Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Resin Type
5.1.1 Epoxy
5.1.2 Polyester
5.1.3 Vinyl Ester
5.1.4 Polyurethane
5.1.5 Other Resin Types
5.2 Technology
5.2.1 Water-borne
5.2.2 Solvent-borne
5.2.3 Radiation-cured Coatings
5.2.4 Powder Coatings
5.3 Type
5.3.1 General Industrial
5.3.2 Protective
5.3.2.1 Oil and Gas
5.3.2.2 Mining
5.3.2.3 Power
5.3.2.4 Infrastructure
5.3.2.5 Others
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 AkzoNobel N.V.
6.4.2 Axalta Coating Systems
6.4.3 BASF SE
6.4.4 Beckers Group
6.4.5 Evonik Industries AG
6.4.6 Jotun
6.4.7 PPG Industries, Inc.
6.4.8 RPM International, Inc.
6.4.9 Sika AG
6.4.10 The Sherwin-Williams Company
6.4.11 Wacker Chemie AG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Rising Demand for Eco-friendly Products
7.2 Upcoming Infrastructure Projects to Boost the Demand
*List Not Exhaustive
** Subject to Availability
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