Germany Industrial Coatings Market - Segmented by Resin Type, Technology, and End-user Industry - Growth, Trends, and Forecast (2018 - 2023)
The Germany industrial coatings market was estimated to have a value of USD 1.54 billion in 2017. The general industrial end-user segment accounts for the largest market share. The water-borne technology segment is expected to be the fastest growing technology.
Increasing Infrastructure Activities to Propel Market Growth
The infrastructure is the largest segment in the industrial coatings market of the country. The major infrastructure activities scheduled in the country include railroad expansions and bridge constructions. The infrastructure industry is estimated to have grown at the rate of 5.4% in 2016. The sixteenth construction phase to expand the A100 around Berlin is estimated to cost around EUR 473 million. The project, which includes several new road and rail bridges, is scheduled for completion in 2022.
General Industrial End User Segment has the Largest Market Share
The general industrial sector of end users in Germany majorly covers consumer appliances, sports equipment, and parts of automotive, like wheels, brake lines, mirror coatings, coil coatings, and HVAC coatings. The increasing penetration in the consumer durable sectors in the major economies of Europe acts as one of the major market drivers for the German market. Consumer appliances for Germany were estimated to have reached more than USD 14 billion in 2017, whereas it was only USD 13.8 billion in 2016. These factors will ensure that the market will have significant growth during the forecast period. The general industrial segment of end users is also expected to be the fastest growing sector in the end user application.
Major Players: PPG Industries, Akzo Nobel NV, Meffert AG Farbwerke, and DAW SE, among others.
Reasons to Purchase this Report
To understand the impact of increasing stringent regulations on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating technology in the market
To identify the countries that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
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