Europe Paints & Coatings Market Forecast 2023-2032

Europe Paints & Coatings Market Forecast 2023-2032

KEY FINDINGS
The Europe paints & coatings market is expected to grow with a CAGR of 3.95% during the forecast years of 2023 to 2032. The region’s key market growth drivers include the surging investments across Europe’s wind energy sector, the increasing usage of protective coatings within the offshore wind turbine industry, and the rapidly augmenting automotive sector.
MARKET INSIGHTS
The Europe paints & coatings market growth analysis covers an in-depth assessment of the United Kingdom, Spain, Italy, Belgium, Germany, France, Poland, and Rest of Europe. In France, the market for paints & coatings is rapidly increasing, primarily due to its application across the automotive industry. Over recent years, leading international players, like General Motors and Toyota, have raised their investments in France. As a result, this factor is likely to increase the demand for paints & coatings, particularly from the nation’s automotive industry. The federal government of France is also planning to propose the introduction of new policies in order to aid domestic automobile manufacturers, such as Renault SA, PSA, and Peugeot Citroen.
Conversely, the demand for paints & coatings in Italy is primarily derived from the country’s sectors, such as aerospace, construction, and automotive. Italy’s automotive industry is also increasing at a substantial rate, owing to the new production lines and growing investments. Hence, the aforementioned factors are expected to drive the paints & coatings market growth in Europe during the forecast period.
COMPETITIVE INSIGHTS
Some of the leading players operating in the market include Akzo Nobel, Jotun Group, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments