Water-based Growth: Ceresana publishes new report on the European market for paints and coatings
Manufacturers of paints and coatings are particularly dependent on the construction industry, but benefit less directly from government support programs than producers of insulation materials, for example.
Market study “Paints and Coatings – Europe” (5th edition)(firmenpresse) - Crises and high construction costs are reducing demand for paints and coatings in the current year. In the longer term, however, Ceresana analysts continue to expect slight growth. Ceresana has analyzed the European market for paints and coatings for the fifth time: In 2021, 9.23 million tonnes of these coatings were consumed.
The Construction Industry is the Main Customer
The new report examines coating demand in the various application areas. Paints and coatings are primarily sought after by the construction industry: architectural coatings are needed for residential construction, i.e., facade and interior wall paints, but also for commercial construction and infrastructure projects. Market researchers at Ceresana forecast that around 58% of these coatings will be consumed by the European construction industry in 2031. The second largest application area for paints and coatings is industrial goods, especially vehicles. The economic situation in the individual European countries varies greatly. Overall, Ceresana expects demand for paints and coatings in the industrial sector to grow by an average of 1.5% per year.
Growing Market for Water-Based Paints
Acrylic paints currently account for around 30% of total European paint demand. However, growing interest in sustainability and environmental protection is promoting water-based coatings and other environmentally friendly alternatives. Water-based paints and coatings already account for 58.4% of the total market in Europe. Ceresana's study examines sales by product type: from paints and coatings based on acrylic, vinyl, alkyd, epoxy, polyurethane (PUR) and polyester to products based on other raw materials.
Industry Analysis on Paints and Coatings in Europe
Chapter 1 offers a comprehensive presentation and analysis of the European market for paints and coatings - including forecasts up to 2031: the development of demand, revenues, and production is shown. The application areas of paints and coatings are considered individually. A distinction is made between: Construction, industry, vehicles, wood processing, other applications. In addition, demand is broken down by product types: Vinyl, acrylic, alkyd, epoxy, PUR, polyester, other polymers, other paints and coatings. Further, the study provides a breakdown of market data into individual technologies: Water-based, solvent-based, powder coatings, other technologies.
In Chapter 2 23 European sales markets are considered individually: beside most EU-Countries Norway, Switzerland, Russia, Turkey are addressed as well. Shown in each case are: demand, revenues, trade and production of paints and coatings, as well as demand broken down by individual application areas, product types and technologies.
Chapter 3 offers company profiles of the most important paint and coatings producers in Europe, clearly arranged according to contact details, revenues, profit, product range, production sites and short profile. Detailed profiles are provided by 91 manufacturers of paints and coatings, e.g., AkzoNobel N.V., Altana AG, BASF Coatings GmbH, DAW SE, Hempel AS, Jotun AS, PPG Industries, Inc., Sherwin-Williams Sweden AB, Sika AG, and Sto SE & Co. KGaA.
Themen in dieser Pressemitteilung:
paints
coatings
varnishes
construction
chemical
market
study
report
consumption
production
import
export
sales
price
demand
industry
trade
producers
manufacturers
Unternehmensinformation / Kurzprofil:
As one of the world's leading market research institutes, Ceresana specializes in the chemicals, plastics, packaging and industrial goods sectors, with a focus on bioeconomy and automotive / mobility. Since 2002, companies have benefited from high-quality industry analyses and forecasts. Over 200 market studies provide more than 10,000 clients around the world with the knowledge base for sustainable success.
More about Ceresana at www.ceresana.com
Ceresana
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78464 Konstanz
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info(at)ceresana.com
Ceresana
Mainaustrasse 34
78464 Konstanz
Germany
Press Contact: Martin Ebner, m.ebner(at)ceresana.com
Datum: 07.09.2022 - 10:28 Uhr
Sprache: Deutsch
News-ID 666711
Anzahl Zeichen: 3500
contact information:
Contact person: Martin Ebner
Town:
Konstanz
Phone: +49 7531 9429 70
Kategorie:
Chemical industry
Typ of Press Release: Product
type of sending: send
Date of sending: 07.09.2022
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