The paints and coatings market size is poised to grow by $ 251.75 billion by 2032 from $ 170.9 Billion in 2022, exhibiting a CAGR of 4% during the forecast period 2023-2032.
Key Takeaway
- Asia Pacific region held a 39.7% market share in 2022.
- By product, the waterborne segment accounted market share of around 39.4% in 2022.
- By material, the acrylic segment hit the highest market share of over 45% in 2022. However, the polyurethane segment is growing at a CAGR of 5.8% from 2023 to 2032.
- By application, the architectural and decorative segment hit more than 59.6% market share in 2022.
The main objective of this report is to define, describe, and forecast the global market by types, application, manufacturers, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze the micro markets with respect to individual growth trends, prospects, and contributions to the global market. The report also attempts to forecast the market size of the 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes competitive developments, such as joint ventures, mergers and acquisitions, new developments, and Research and Development (R&D) activities, in market.
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COVID-19 Impact
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the electric vehicle fuel cell market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
Major companies operating in this area
- Akzo Nobel N.V.
- PPG Industries, Inc.
- The Sherwin-Williams Company
- Jotun
- Axalta Coating Systems, LLC
- RPM International Inc.
- Henkel AG & Company, KGaA
- BASF SE
- Kansai Paint Co., Ltd.
- Hempel A/S
- Nippon Paint Holdings Co., Ltd.
- Sika AG
- Beckers Group
- 3M
- The Chemours Company
Market Segmentation
By Material
- Polyester
- Acrylic
- Alkyd
- Epoxy
- Polyurethane
- Others
By Product
- Solvent-borne Coatings
- Waterborne Coatings
- Powder Coatings
- High Solids/Radiation Curing
- Others (Specialty Coatings)
By Application
- Non-Architectural
- Wood
- Automotive & Transportation
- General Industrial
- Protective
- Marine
- Others
- Architectural & Decorative
By Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Major highlights of Report:
- Figures related to sales volume, market remuneration, and segmental shares
- Featuring market dynamics
- Growth prospects and expansion graph
- PROCON study of direct & indirect sales channels
- Profiles of prominent traders, dealer, and distributors in the industry
Geographical landscape: North America, Europe, Asia-Pacific, South America, Middle East and Africa
- Industry forecasts based on region and at country level
- Data about sales volume recorded, industry share held, and profit margins amassed
- Overall remuneration and estimated growth rate for each regional market
Major Key Points Covered in Report:
Executive Summary: It includes key trends of the electric vehicle fuel cell market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the electric vehicle fuel cell market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Electric vehicle fuel cell market.
Market Segments: This part of the report discusses product, application and other segments of the electric vehicle fuel cell market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. DataSources
2.3. Assumptions& Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Paints and Coatings Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Paints and Coatings Market
5.1. Covid-19: Paints and Coatings Industry Impact
5.2. Paints and Coatings Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Paints and Coatings Opportunities in the COVID-19 Landscape
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Paints and Coatings Manufacturers to deal with Covid-19 Pandemic Scenario
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Global Paints and Coatings Market: Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Paints and Coatings MarketRevenue (USD Million) by Manufacturer (2015-2020)
7.1.1.2. Paints and Coatings MarketRevenue (USD Million) Market Share by Manufacturer (2015-2020)
7.1.1.3. Paints and Coatings MarketProduction (tons) by Manufacturer (2015-2020)
7.1.1.4. Paints and Coatings MarketProduction (tons) Share by Manufacturer (2015-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Capacity Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Paints and Coatings Market, By Product Type
8.1. Paints and Coatings Market, by Product Type, 2016-2027
8.1.1. Polyester
8.1.1.1. Market Revenue (USD Million) and Forecast (2016-2027)
8.1.1.2. Market Production (tons) and Forecast (2016-2027)
8.1.2. Acrylic
8.1.2.1. Market Revenue (USD Million) and Forecast (2016-2027)
8.1.2.2. Market Production (tons) and Forecast (2016-2027)
8.1.3. Alkyd
8.1.3.1. Market Revenue (USD Million) and Forecast (2016-2027)
8.1.3.2. Market Production (tons) and Forecast (2016-2027)
8.1.4. Epoxy
8.1.4.1. Market Revenue (USD Million) and Forecast (2016-2027)
8.1.4.2. Market Production (tons) and Forecast (2016-2027)
8.1.5. Polyurethane
8.1.5.1. Market Revenue (USD Million) and Forecast (2016-2027)
8.1.5.2. Market Production (tons) and Forecast (2016-2027)
Chapter 9. Global Paints and Coatings Market, By Application
9.1. Paints and Coatings Market, by Application, 2016-2027
9.1.1. Solvent-borne Coatings
9.1.1.1. Market Revenue (USD Million) and Forecast (2016-2027)
9.1.1.2. Market Consumption (tons) and Forecast (2016-2027)
9.1.2. Waterborne Coatings
9.1.2.1. Market Revenue (USD Million) and Forecast (2016-2027)
9.1.2.2. Market Consumption (tons) and Forecast (2016-2027)
9.1.3. Powder Coatings
9.1.3.1. Market Revenue (USD Million) and Forecast (2016-2027)
9.1.3.2. Market Consumption (tons) and Forecast (2016-2027)
9.1.4. High Solids/Radiation Curing
9.1.4.1. Market Revenue (USD Million) and Forecast (2016-2027)
9.1.4.2. Market Consumption (tons) and Forecast (2016-2027)
9.1.5. Others (Specialty Coatings)
9.1.5.1. Market Revenue (USD Million) and Forecast (2016-2027)
9.1.5.2. Market Consumption (tons) and Forecast (2016-2027)
Chapter 10. Global Paints and Coatings Market, By End-User
10.1. Paints and Coatings Market, by End-User, 2016-2027
10.1.1. Non-Architectural
10.1.1.1. Market Revenue (USD Million) and Forecast (2016-2027)
10.1.1.2. Market Consumption (tons) and Forecast (2016-2027)
10.1.2. Architectural & Decorative
10.1.2.1. Market Revenue (USD Million) and Forecast (2016-2027)
10.1.2.2. Market Consumption (tons) and Forecast (2016-2027)
Chapter 11. Global Paints and Coatings Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue (USD Million) and Production (tons) Forecast by Product (2016-2027)
11.1.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application (2016-2027)
11.1.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User (2016-2027)
11.1.4. U.S
11.1.4.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.1.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.1.5. Canada
11.1.5.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.1.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.2. Europe
11.2.1. Market Revenue (USD Million) and Production (tons) Forecast by Product (2016-2027)
11.2.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application (2016-2027)
11.2.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User (2016-2027)
11.2.4. UK
11.2.4.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.2.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.2.5. Germany
11.2.5.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.2.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.2.6. France
11.2.6.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.2.6.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.2.7. Rest of EU
11.2.7.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.2.7.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue (USD Million) and Production (tons) Forecast by Product (2016-2027)
11.3.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application (2016-2027)
11.3.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User (2016-2027)
11.3.4. China
11.3.4.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.3.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.3.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.3.6. Japan
11.3.6.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.3.6.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.3.7.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.4. LATAM
11.4.1. Market Revenue (USD Million) and Production (tons) Forecast by Product (2016-2027)
11.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application (2016-2027)
11.4.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User (2016-2027)
11.4.4. Brazil
11.4.4.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.4.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.4.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue (USD Million) and Production (tons) Forecast by Product (2016-2027)
11.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast by Application (2016-2027)
11.5.3. Market Revenue (USD Million) and Consumption (tons) Forecast by End-User (2016-2027)
11.5.4. GCC
11.5.4.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.5.4.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.5.5. North Africa
11.5.5.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.5.5.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.5.6. South Africa
11.5.6.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.5.6.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue (USD Million) and Production (tons) Forecast (2016-2027)
11.5.7.2. Market Revenue (USD Million) and Consumption (tons) Forecast (2016-2027)
Chapter 12. Company Profiles
12.1. Akzo Nobel N.V.
12.1.1. Company Overview, Business Information, Manufacturing Area
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Application
12.1.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.1.4. Recent Developments and Strategies
12.2. PPG Industries, Inc.
12.2.1. Company Overview, Business Information, Manufacturing Area
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Application
12.2.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.2.4. Recent Developments and Strategies
12.3. The Sherwin-Williams Company
12.3.1. Company Overview, Business Information, Manufacturing Area
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Application
12.3.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.3.4. Recent Developments and Strategies
12.4. Jotun
12.4.1. Company Overview, Business Information, Manufacturing Area
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Application
12.4.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.4.4. Recent Developments and Strategies
12.5. Axalta Coating Systems, LLC
12.5.1. Company Overview, Business Information, Manufacturing Area
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Application
12.5.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.5.4. Recent Developments and Strategies
12.6. RPM International Inc.
12.6.1. Company Overview, Business Information, Manufacturing Area
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Application
12.6.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.6.4. Recent Developments and Strategies
12.7. Henkel AG & Company, KGaA
12.7.1. Company Overview, Business Information, Manufacturing Area
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Application
12.7.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.7.4. Recent Developments and Strategies
12.8. BASF SE
12.8.1. Company Overview, Business Information, Manufacturing Area
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Application
12.8.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.8.4. Recent Developments and Strategies
12.9. Kansai Paint Co., Ltd.
12.9.1. Company Overview, Business Information, Manufacturing Area
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Application
12.9.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.9.4. Recent Developments and Strategies
12.10. 3M
12.10.1. Company Overview, Business Information, Manufacturing Area
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Application
12.10.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.10.4. Recent Developments and Strategies
12.11. Beckers Group
12.11.1. Company Overview, Business Information, Manufacturing Area
12.11.2. Product Portfolio Analysis
12.11.2.1. Product Details, Specification, Application
12.11.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.11.4. Recent Developments and Strategies
12.12. Nippon Paint Holdings Co., Ltd.
12.12.1. Company Overview, Business Information, Manufacturing Area
12.12.2. Product Portfolio Analysis
12.12.2.1. Product Details, Specification, Application
12.12.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.12.4. Recent Developments and Strategies
12.13. The Chemours Company.
12.13.1. Company Overview, Business Information, Manufacturing Area
12.13.2. Product Portfolio Analysis
12.13.2.1. Product Details, Specification, Application
12.13.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.13.4. Recent Developments and Strategies
12.14. Sika AG
12.14.1. Company Overview, Business Information, Manufacturing Area
12.14.2. Product Portfolio Analysis
12.14.2.1. Product Details, Specification, Application
12.14.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.14.4. Recent Developments and Strategies
12.15. Hempel A/S
12.15.1. Company Overview, Business Information, Manufacturing Area
12.15.2. Product Portfolio Analysis
12.15.2.1. Product Details, Specification, Application
12.15.3. Revenue (USD Million), Production Capacity, Price and Gross Margin (2015-2020)
12.15.4. Recent Developments and Strategies
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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