Germany Paints And Coatings Market Size & Outlook
Germany paints and coatings market, 2018-2030 (US$M)
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Germany paints and coatings market highlights
- The Germany paints and coatings market generated a revenue of USD 15,299,508.2 million in 2023 and is expected to reach USD 21,826,672.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, waterborne coatings was the largest revenue generating product in 2023.
- Powder coatings is the most lucrative product segment registering the fastest growth during the forecast period.
Paints and coatings market data book summary
| Market revenue in 2023 | USD 15,299,508.2 million |
| Market revenue in 2030 | USD 21,826,672.2 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Waterborne coatings |
| Fastest growing segment | Powder coatings |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radiation cured coatings, Powder coatings, Waterborne coatings, Solvent-borne coatings |
Other key industry trends
- In terms of revenue, Germany accounted for 7.6% of the global paints and coatings market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany paints and coatings market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 21,826,672.2 million by 2030.
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Paints and Coatings Market Scope
Paints and Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany paints and 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 paints and coatings market will help companies and investors design strategic landscapes.
Waterborne coatings was the largest segment with a revenue share of 47.24% in 2023. Horizon Databook has segmented the Germany paints and coatings market based on radiation cured coatings, powder coatings, waterborne coatings, solvent-borne coatings covering the revenue growth of each sub-segment from 2018 to 2030.
According to Autobei Consulting Group, Germany dominates the automotive market in Europe with 41 engine production plants in 2023, and assembly that contribute to one-third of the total automobile production in the region.
The sales of new vehicles are constantly increasing with improvement in the economy reflecting consumer confidence, which is expected to have a positive impact on the paints and coatings market in the coming year.
However, the sale of new car has witnessed small contraction in sales owing to the introduction of new WLTP emission control regulation, to promote vehicle quality in reduction of emission to lower level possible, has cause several restrictions in new car registration.
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Our clientele includes a mix of paints and coatings market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany paints and coatings market , including forecasts for subscribers. This country databook contains high-level insights into Germany paints and coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany paints and coatings market size, by product, 2018-2030 (US$M)
Germany Paints and Coatings Market Outlook Share, 2023 & 2030 (US$M)
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