Global Paints and Coatings Market Report: 2014 Edition - New Report by Koncept Analytics
Global Paints and Coatings Market Report
Paints and coatings market is highly correlated with various end-user sectors like housing, construction, automotive, furniture, and packaging. The
global market for paints and coating experienced a healthy growth in 2013 on account of rising construction projects, increase in housing starts,
resuming consumer confidence and improvement in industrial production worldwide. While housing and construction markets in North America and
Europe remained subdued over the years following the global financial crisis, activity has been strong in Asian markets like China and India. Further
many new construction activities are expected to begin in Asia Pacific region that will boost the demand for paints and coatings.
The paints and coatings industry can be categorized into three markets: architectural/decorative, industrial OEM and special purpose coatings.
Architectural coating is the largest segment followed by industrial coatings and special purpose coatings. The industrial coatings segment was driven
by rise in industrial production and automotive OEM sector. Geographically, Asia Pacific is the largest consumer of paints and coatings followed by
Europe, North America and Latin America. Paint manufacturers are constantly introducing new and technologically advanced products in the market.
Companies are focusing on zero VOC (volatile organic compounds) and green paints that are particularly in high demand among the customers.
Rising prices of titanium dioxide was a major challenge for the industry in 2013.
Competition in coatings segment is based on formulating products for specific customer applications, meeting customer delivery requirements and
providing technical assistance to the customer in product application, new technology offerings and prices. Akzonobel, PPG, Sherwin Williams,
BASF and Valspar are the leading companies.
The present report offers a comprehensive analysis of the worldwide paints and coatings market with a special focus on the regional markets
including Asia which includes India and China, the US, Latin America and Russia. All the three sub-segments namely architectural, industrial and
special purpose coatings are explained in detail. In addition, competitive landscape in each segment like decorative, automotive OEM, industrial,
protective and marine coatings along with the company profiles of the leading players in the market is discussed in detail.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry.
We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the
future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the
dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Continued recovery of global economy and demand from automobile, construction, packaging sectors
drive growth of paints & coatings industry ……
The global paints and coatings market continued to grow at a
healthy pace and was worth US$.... billion in 2013 from
US$..... billion in 2012.
In terms of volume, global paints and coatings market was at
….. billion liters in 2012 and is forecasted to reach ….. billion
liters by 2017.
Architectural coating is the largest segment which accounted
for ….% share followed by industrial coatings (….%) and
special purpose coatings (….%) in 2013.
By end-use sectors, approximately ….% of paints and coatings
are consumed by buildings and infrastructure sector, …% by
transportation sector, ….% by consumer goods sector and
….% by industrial sector in 2013.
Global Paints and Coatings Industry Share by End-Use Sectors (2013)
2008 2009 2010 2011 2012 2013
Global Paints and Coatings Market Size (2008-2013)
Segmentation of Global Paints and Coatings Industry (2013)
Buildings & Infrastructure Transportation
Consumer Goods Industrial
Growing number of car owners in Asia Pacific is expected to drive the future growth of automotive
coatings market …….
Global architectural coatings industry was worth US$.... billion in
2013, an increase of ….% from previous year.
Together, Asia-Pacific and EMEA accounted for about ….% of
global architectural coatings sales. North America is the third-
largest market, accounting for …..% share. South America had a
market share of …..% in the overall paints and coatings market
The global market for industrial OEM coatings increased from
US$..... billion in 2012 to US$..... billion in 2013.
Powder coating is the largest category, at nearly …..% of sales,
followed by automotive OEM (auto, truck, etc.) at nearly……%.
Approximately …..% of industrial coatings sales are from Asia,
and EMEA accounts for …..% of market demand.
Global Special Purpose Coatings by sub-Segments (2013)
Global Architectural/Decorative Coatings Industry (2004-2013)
2004 2009 2012 2013
Industrial OEM Coatings Demand by Technology (2012)
Refinish Protective &
New construction activities expected to begin in Asia-Pacific region will boost the
paints and coatings market in future years ……
• The global paints and coatings market is forecasted to grow at a CAGR of …..% over the period 2013 to 2017 to reach US$......
billion in 2017.
• The market for paints and coatings is highly dependent on housing, construction and automobile sectors. While housing and
construction markets in North America and Europe remained subdued over the years following the global financial crisis, activity
has continued to be strong in China and other parts of developing Asia Pacific.
• Residential construction activities in the Asia-Pacific region have increased due to rising income levels, shift towards nuclear
families and affordable interest rates. Several new construction activities are expected to begin in the Asia-Pacific throughout the
forecast period, and the region is expected to remain as the major growth driver for global paints and coatings market.
Global Paints and Coatings Market (2013-2017F)
2013 2014F 2015F 2016F 2017F