CHICAGO, May 4, 2023 /PRNewswire/ -- The report "European Paints and Coatings Market by Resin Type (Acrylic, Alkyd, Epoxy, Polyester, PU, Fluoropolymer, Vinyl), Technology (Waterborne, Solvent borne, Powder), End-use (Architectural and Industrial), and Country - Global Forecast to 2028", is projected to grow from USD 37.2 billion in 2023 to USD 41.6 billion by 2028, at a CAGR of 2.3%. Increasing demand for premium paints to boost the European Paints and Coatings market. The architectural paints produced and consumed in Europe are exclusively medium to premium products, as the consumer interest in home decoration is high. These coatings offer better coverage than domestic formulations.
Browse in-depth TOC on "European Paints and Coatings Market"
296 – Tables
44 – Figures
319 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=124411528
Acrylic is the largest segment of the overall European Paints and Coatings market.
Acrylic resins are clear thermoplastics made from acrylic acid, methacrylic acid, cyano acrylic acid, acrylonitrile, and acrylamide. Acrylic resins are available as solids, solutions in organic or inorganic solvents, or emulsions. Acrylic resin characteristics can be adjusted for specific applications by using different types or numbers of monomers during manufacture. Using thermoplastic acrylics as corrosion-resistant coatings is less common than thermosets because thermoplastic coatings have a higher corrosion degree than thermoset coatings.
The demand for acrylic paints & coatings is owed to the growing renovation and new housebuilding sector in the European region. The sector provides 18 million direct jobs and contributes to about 9% of the EU's GDP. High sales of better-quality coatings for interior use, have been heavily promoted to the general public by mass merchandisers due to which the consumption of acrylic surface coatings in the region's construction market has increased. There have also been higher sales of gloss coatings based on acrylic emulsions, which have replaced solvent-borne alkyd enamels.
Powder-based technology is the fastest-growing segment in the market during the forecast period.
The major application of powder coatings is in the architectural sector for aluminum extrusions and cladding. There is a growing requirement for robust mechanical properties such as improved flexibility and durable paints & coatings with better weathering performance. Additionally, from the architectural perspective, there is a growing interest in wood effects, which are achieved through sublimation print transfer. Powder coatings have the ability to replace liquid coatings. There is increasing demand for powder coatings in the transportation, construction, and manufacturing industries in the countries such as Germany, France, and Italy.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=124411528
Germany is the largest market for paints and coatings in the European region during the forecast period
The residential market in Germany has been growing due to the increasing population in large cities of Germany, such as Cologne, Frankfurt, Hamburg, Berlin, and Munich. For instance, a project value of USD 235 million is granted for building East Side Cubes Office Building, on which construction started in Q4 2022 and will get completed in Q4 2023. The BLB NRW – Hueffer Campus Theology Research Center – North Rhine – Westphalia was the second-largest project with a project value of USD 196 million, on which the construction work started in Q4 2022 with an estimated completion in Q4 2024. The other ongoing construction projects in the country include The Sigmaringen – Sigmaringen Bertha Benz School – Baden-Wuerttemberg project (costs around USD 160 million), the Bauwo Grundstucks/ Kanada Bau – Elsdorf Bauka Logistics Park Development – Lower Saxony (costs around USD 130 million), and the BPD Immobilienentwicklung – Telekom-Areal Residential Complex – Baden-Wuerttemberg (costs around USD 116 million). The favorable economic environment for the construction sector will catalyze the demand for decorative paints and coatings across the country.
Browse Adjacent Market: Coatings Adhesives Sealants and Elastomers Market Research Reports & Consulting
Related Reports:
Automotive Coatings Market- Global Forecast to 2027
Industrial Coatings Market - Global Forecast to 2026
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/european-paint-coating-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/european-paint-coating.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
SOURCE MarketsandMarkets
![](https://rt.prnewswire.com/rt.gif?NewsItemId=IO90532&Transmission_Id=202305040500PR_NEWS_USPR_____IO90532&DateId=20230504)
Share this article