Europe Paints & Coatings Market Forecast 2018-2026
KEY FINDINGS Europe Paints & Coatings Market stood at $38.24 billion in 2017. Between the forecast years of 2018-2026, the market is anticipated to rise with 4.75% CAGR, collecting a total of $57.37 billion by its end.
MARKET INSIGHTS The market is segmented on the basis of applications, resin type and technology. The industrial paints and coatings held a larger market share than architectural paints and coatings in Europe. The reason for this can be attributed to the booming aerospace and aviation sector in the region. The demand for architectural paints comes mainly from the construction segment in this region. German market dominated this region in terms of revenue share. A shifting focus towards nano paints and the introduction of fluoropolymer coatings into the market are expected to present the European paints and coatings market with several growth opportunities.
COMPETITIVE INSIGHTS Companies like BASF Coatings, Kelly-Moore Paints, AkzoNobel N.V, Asian Paints Limited, RPM International Inc,Valspar Corporation, Axalta Coating System Llc, Berger Paints India Limited, The Sherwin-Williams, Nippon Paint Holdings Co., Jotun A/S, Kansai Paint Co. Ltd, Beckers Group and Nippon Paint Holdings Co have established their presence in this market.