Europe Industrial Coatings Market Size & Outlook
Europe industrial coatings market, 2016-2027 (US$M)
Related Markets
Europe industrial coatings market highlights
- The Europe industrial coatings market generated a revenue of USD 21,805.8 million in 2023.
- The market is expected to grow at a CAGR of 3.1% from 2024 to 2027.
- In terms of segment, acrylic was the largest revenue generating product in 2023.
- Acrylic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2027.
Europe data book summary
| Market revenue in 2023 | USD 21,805.8 million |
| Market revenue in 2027 | USD 24,681.6 million |
| Growth rate | 3.1% (CAGR from 2023 to 2027) |
| Largest segment | Acrylic |
| Fastest growing segment | Acrylic |
| Historical data covered | 2016 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylic, Alkyd, Polyurethane, Epoxy, Polyesters, Other |
| Key market players worldwide | Akzo Nobel NV, Axalta Coating Systems Ltd, PPG Industries Inc, Sherwin-Williams Co, Nippon Paint Holdings Co Ltd, NKT A/S |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.3% of the global industrial coatings market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 47,425.4 million by 2027.
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Industrial Coatings Market Scope
Industrial Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe industrial coatings market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial coatings market will help companies and investors design strategic landscapes.
Acrylic was the largest segment with a revenue share of 35.95% in 2023. Horizon Databook has segmented the Europe industrial coatings market based on acrylic, alkyd, polyurethane, epoxy, polyesters, other covering the revenue growth of each sub-segment from 2016 to 2027.
Europe is the second-largest market for industrial coatings after Asia Pacific. Increasing product demand from end-use industries such as general industry, power generation, aerospace, and automotive & vehicle refinish is expected to drive the industrial coatings market in Europe over the forecast period.
However, the presence of strict governmental regulations regarding VOC emission in the region owing to rising environmental concerns is projected to impact the growth of solvent-based industrial coatings.
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Target buyers of Europe industrial coatings market databook
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Our clientele includes a mix of industrial coatings market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe industrial coatings market , including forecasts for subscribers. This continent databook contains high-level insights into Europe industrial coatings market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Europe industrial coatings market size, by country, 2016-2027 (US$M)
Europe Industrial Coatings Market Outlook Share, 2023 & 2027 (US$M)
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