Tuesday 9 August 2022

Ceresana examines European paints and coatings market

Konstanz, Germany, 6 days ago

In its new report on the European market for paints and coatings, market research agency Ceresana estimates that a total of 9.23 million tonnes of paints and coatings were consumed in the region.
According to Ceresana forecast, 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.
“Manufacturers of paints and coatings are particularly dependent on the construction industry, but benefit less directly from government support programmes than producers of insulation materials, for example. Crises and high construction costs are reducing demand in the current year,” notes the report. In the longer term, however, Ceresana analysts continue to expect slight growth. 
Construction Industry is the Main Customer
The new report in its fifth edition, 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. 
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 in Europe 
The report’s 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, Altana AG, BASF Coatings GmbH, DAW SE, Hempel AS, Jotun AS, PPG Industries, Sherwin-Williams Sweden AB, Sika AG, and Sto SE & Co KGaA.--TradeArabia News Service



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