Germany Industrial Coatings Market Size & Outlook
Germany industrial coatings market, 2018-2030 (US$M)
Germany industrial coatings market highlights
- The Germany industrial coatings market generated a revenue of USD 5,837.3 million in 2023 and is expected to reach USD 6,715.9 million by 2027.
- The Germany market is expected to grow at a CAGR of 3.6% 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.
Industrial coatings market data book summary
| Market revenue in 2023 | USD 5,837.3 million |
| Market revenue in 2027 | USD 6,715.9 million |
| Growth rate | 3.6% (CAGR from 2023 to 2027) |
| Largest segment | Acrylic |
| Fastest growing segment | Acrylic |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 6.5% of the global industrial coatings market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In Europe, Germany industrial coatings market is projected to lead the regional market in terms of revenue in 2027.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 6,715.9 million by 2027.
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Industrial Coatings Market Scope
Industrial Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 35.93% in 2023. Horizon Databook has segmented the Germany industrial coatings market based on acrylic, alkyd, polyurethane, epoxy, polyesters, other covering the revenue growth of each sub-segment from 2018 to 2030.
Properties such as corrosion resistance, long-lasting color, scratch resistance, and excellent CO2 retention to preserve freshness and taste of food products have increased the end-use scope of industrial coatings in a broad range of industries including wood, packaging, construction, automotive & vehicle refinish, electronics, and others.
The presence of numerous manufacturers in Germany and the availability of skilled labor have increased the consumption of industrial coatings in the country. Germany is the manufacturing hub of Europe and is the largest manufacturer of automobiles in the region.
The country is one of the largest consumers of non-alcoholic beverages in Europe, which is expected to fuel the demand for industrial coatings in packaging applications. In addition, it is one of the largest consumers of packaged food including fresh food, ready-to-eat food, and processed food, which is projected to pave the way for the growth of the industrial coatings market.
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Our clientele includes a mix of industrial coatings market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Germany industrial coatings market , including forecasts for subscribers. This country databook contains high-level insights into Germany industrial coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany industrial coatings market size, by product, 2018-2030 (US$M)
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