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Global Market Study on Paints and Coatings: Industrial Paints and Coatings to Witness Highest Growth by 2020

Published By :

Persistence Market Research

Published Date : Oct 2014

Category :

Paints and Coatings

No. of Pages : 105 Pages

Paint is any liquid, liquefiable, or mastic composition which when applied to any object in a thin layer, turns or convert to solid film. Paints are commonly used to protect, color and to provide texture to the objects. Paints are available in many colors and types such as watercolor or artificial. Coating is referred to a covering which is applied to the objects with the purpose of decorating or protecting the objects. Coating can be applied to cover the objects partially or completely. Product label on drinks bottles where one side depicts the function of the product and other side has decorative coating in the form of word or images to make the bottles attractive is the best example in current era. Major Industries use thin film coating such as paper, fabric, film, foil or sheet stock to the objects to make it attractive.

Based on end-use, the paints and coatings market is segmented into three categories: architectural and decorative; industrial; and marine. Architectural and decorative paints and coatings can be further segmented into water-based and solvent-based. Similarly, industrial paints and coatings can be further classified into water-based, solvent-based, powder, and UV-based. 

Asia-Pacific leads the global paints and coatings market followed by Europe and North America. In developing countries of Asia-Pacific, Latin America, Eastern Europe and the Middle East, construction of new residential and commercial buildings is at boom and is expected to increase in coming future. Increasing population, growing urbanization and increase in average disposable income are some of the major drivers for the paints and coatings market. 

According to Housing Active, a U.K.-based magazine, publishing in construction and housing domains, the European Union construction market grew a mere 1.4% in 2011 compared to that in 2010 when the economic crisis in the region was at its peak. For the same year, the public component of non-residential construction declined by 2.5%, while civil engineering and rehabilitation and maintenance activities grew by 0.7% and 1.5% respectively. The private component of the non-residential construction segment increased by 1.5% in 2011 compared to 2010. This decline in the construction industry was one of the key reasons for the declined growth rate of the paints and coatings industry in the region

Asia Pacific was the largest market for paints and coatings in 2013. The increasing population, growing need for houses, and consumer goods and automotives are driving the paints and coatings market in the region. In 2010, China surpassed the U.S. to become the largest passenger car market globally. China has also been focusing on its housing and construction sector due its increasing population. The Chinese government has been inviting public-private partnerships in the recent years for several commercial construction projects in the country. 

The real estate sector has taken a huge leap forward in India in the last decade on account of increasing per capita income in the country. The increasing urbanization and entry of multinational companies in the region has increased corporate construction activities. However, there remains a large untapped market for all these consumer needs which is expected to grow by 2020 and boost the paints and coatings industry in the region. The change of government in India in 2014 has attracted many neighboring countries to develop trade relations with the country, which is expected to positively boost the commerce in the sub-continent. This is expected to propel the growth rate of paints and coatings industry in India between 2014 and 2020.

Apart from the large Asian economies, the smaller ones are also witnessing a spurt in construction activities. According to the Australia and New Zealand Banking Group Limited (ANZ), the implementation of a 10-year economic plan (2011 – 20) in Malaysia known as Economic Transformation Program (ETP) has increased construction activities wherein the private sectors and foreign investors are backed by the government. Similarly, in Philippines, the government announced its public-private partnership strategy in 2010 to facilitate development projects both at local and national levels. In Thailand, after becoming the prime minister, Yingluck Shinawatra announced plans to develop infrastructure in seven years time with an investment of USD 67 billion in 2011.

The global paints and coatings industry has moderate degree of competition; however, the industry is moving towards consolidation through large number of mergers and acquisitions taking place in the recent years. Some of the major paints and coatings companies include AkzoNobel N.V., PPG Industries, The Sherwin-Williams Company, RPM International, Valspar Corporation, and Kansai Paint Company.

Company Profiles:

  • AkzoNobel N.V.
  • PPG Industries, Inc.
  • The Sherwin-Williams Company
  • RPM International, Inc.
  • Valspar Corporation
  • Kansai Paint Company Limited
  • Axalta Coating Systems
  • Henkel AG & Co., KGaA
  • BASF SE (Badische Anilin- und Soda-Fabrik)
  • Asian Paints Limited
  • Other

Table of Content

Chapter 1 Preface
1.1 Research Methodology
1.2 Segments Covered in the Report
1.2.1 Product segments
1.2.2 Regions covered in the report
1.3 Assumptions

Chapter 2 Market Synopsis

Chapter 3 Porters Five Forces Analysis
3.1 Bargaining Power of Buyers
3.2 Bargaining Power of Suppliers
3.3 Threat of New Entrants
3.4 Threat of Substitutes
3.5 Rivalry Within the Industry

Chapter 4 Industry Overview
4.1 Introduction
4.2 Market Drivers
4.2.1 Rising infrastructural developments is increasing sales of the paints and coatings market
4.2.2 Growth in the end user industries of paints and coatings is contributing to the growth of market
4.2.3 Increasing architectural interest in the developing countries is escalating the demand for paints and coatings
4.3 Impact Analysis for Drivers
4.4 Market Restraints
4.4.1 Rising raw material prices is creating obstacles in the growth of paints and coatings market
4.4.2 Declining percentage of new concrete walls built as exterior of corporate buildings is impacting volume sales of paints and coatings
4.5 Impact Analysis for Restraints
4.6 Market Opportunities
4.6.1 Green coatings technologies offer great opportunity area for the paints and coatings industry
4.7 Market Trends
4.7.1 Paints and coating companies are focusing on providing additional features to their products
4.7.2 Paints and coatings industry is witnessing consolidation

Chapter 5 Market Size and Forecast by Product
5.1 Architectural and Decorative Paints and Coatings
5.1.1 Water-based architectural and decorative paints and coatings
5.1.2 Solvent-based architectural and decorative paints and coatings
5.2 Industrial Paints and Coatings
5.2.1 Water-based industrial paints and coatings
5.2.2 Solvent-based industrial paints and coatings
5.2.3 Powder coatings
5.2.4 UV-based coatings
5.3 Marine Paints and Coatings

Chapter 6 Market Size and Forecast by Region
6.1 North America
6.1.1 Market size by country
6.1.2 Market size by products
6.1.3 Architectural and decorative paints and coatings
6.1.4 Industrial paints and coatings
6.2 Europe
6.2.1 Market size by country
6.2.2 Market size by product segment
6.2.3 Architectural and decorative paints and coatings
6.2.4 Industrial paints and coatings
6.3 Asia Pacific
6.3.1 Market size by country
6.3.2 Market size by product segment
6.3.1 Architectural and decorative paints and coatings
6.3.2 Industrial paints and coatings
6.4 Rest of the World
6.4.1 Market size by product segment
6.4.2 Architectural and decorative paints and coatings
6.4.3 Industrial paints and coatings

Chapter 7 Competitive Scenario
7.1 Competitive Benchmarking

Chapter 8 Company Profiles
8.1 AkzoNobel N.V.
8.1.1 Company Overview
8.1.2 Products and Services
8.1.3 Financial Performance
8.1.4 Recent Developments
8.2 PPG Industries, Inc.
8.2.1 Company Overview
8.2.2 Products and Services
8.2.3 Financial Performance
8.2.4 Recent Developments
8.3 The Sherwin-Williams Company
8.3.1 Company Overview
8.3.2 Products and Services
8.3.3 Financial Performance
8.3.4 Recent Developments
8.4 RPM International, Inc.
8.4.1 Company Overview
8.4.2 Products and Services
8.4.3 Financial Performance
8.4.4 Recent Developments
8.5 Valspar Corporation
8.5.1 Company Overview
8.5.2 Products and Services
8.5.3 Financial Performance
8.5.4 Recent Developments
8.6 Kansai Paint Company Limited
8.6.1 Company Overview
8.6.2 Products and Services
8.6.3 Financial Performance
8.6.4 Recent Developments
8.7 Axalta Coating Systems
8.7.1 Company Overview
8.7.2 Products and Services
8.7.3 Financial Performance
8.7.4 Recent Developments
8.8 Henkel AG & Co., KGaA
8.8.1 Company Overview
8.8.2 Products and Services
8.8.3 Financial Performance
8.8.4 Recent Developments
8.9 BASF SE (Badische Anilin- und Soda-Fabrik)
8.9.1 Company Overview
8.9.2 Products and Services
8.9.3 Financial Performance
8.9.4 Recent Developments
8.10 Asian Paints Limited
8.10.1 Company Overview
8.10.2 Products and Services
8.10.3 Financial Performance
8.10.4 Recent Developments

List of Table

TABLE 1 Snapshot - Global market for paints and coatings, 2013 and 2020
TABLE 2 Drivers for paints and coatings market: Impact analysis
TABLE 1 Restraints for paints and coatings market: Impact analysis
TABLE 2 Global paints and coatings market size, by product segment, 2010 2013 (million tons)
TABLE 3 Global paints and coatings market size, by product segment, 2014 2020 (million tons)
TABLE 4 Global paints and coatings market size, by product segment, 2010 2013 (USD million)
TABLE 5 Global paints and coatings market size, by product segment, 2014 2020 (USD million)
TABLE 6 Global architectural and decorative paints and coatings market size, by product segment, 2010 2013 (million tons)
TABLE 7 Global architectural and decorative paints and coatings market size, by product segment, 2014 2020 (million tons)
TABLE 8 Global architectural and decorative paints and coatings market size, by product segment, 2010 2013 (USD million)
TABLE 9 Global architectural and decorative paints and coatings market size, by product segment, 2014 2020 (USD million)
TABLE 10 Global industrial paints and coatings market size, by product segment, 2010 2013 (million tons)
TABLE 11 Global industrial paints and coatings market size, by product segment, 2014 2020 (million tons)
TABLE 12 Global industrial paints and coatings market size, by product segment, 2010 2013 (USD million)
TABLE 13 Global industrial paints and coatings market size, by product segment, 2014 2020 (USD million)
TABLE 14 North America paints and coatings market size, by country, 2010 2013 (million tons)
TABLE 15 North America paints and coatings market size, by country, 2014 2020 (million tons)
TABLE 16 North America paints and coatings market size, by country, 2010 2013 (USD million)
TABLE 17 North America paints and coatings market size, by country, 2014 2020 (USD million)
TABLE 18 North America paints and coatings market size, by product segment, 2010 2013 (million tons)
TABLE 19 North America paints and coatings market size, by product segment, 2014 2020 (million tons)
TABLE 20 North America paints and coatings market size, by product segment, 2010 2013 (USD million)
TABLE 21 North America paints and coatings market size, by product segment, 2014 2020 (USD million)
TABLE 22 North America architectural and decorative paints and coatings market size, by product segment, 2010 2013 (million tons)
TABLE 23 North America architectural and decorative paints and coatings market size, by product segment, 2014 2020 (million tons)
TABLE 24 North America architectural and decorative paints and coatings market size, by product segment, 2010 2013 (USD million)
TABLE 25 North America architectural and decorative paints and coatings market size, by product segment, 2014 2020 (USD million)
TABLE 26 North America industrial paints and coatings market size, by product segment, 2010 2013 (million tons)
TABLE 27 North America industrial paints and coatings market size, by product segment, 2014 2020 (million tons)
TABLE 28 North America industrial paints and coatings market size, by product segment, 2010 2013 (USD million)
TABLE 29 North America industrial paints and coatings market size, by product segment, 2014 2020 (USD million)
TABLE 30 Europe paints and coatings market size, by country, 2010 2013 (million tons)
TABLE 31 Europe paints and coatings market size, by country, 2014 2020 (million tons)
TABLE 32 Europe paints and coatings market size, by country, 2010 2013 (USD million)
TABLE 33 Europe paints and coatings market size, by country, 2014 2020 (USD million)
TABLE 34 Europe paints and coatings market size, by product segment, 2010 2013 (million tons)
TABLE 35 Europe paints and coatings market size, by, by product segment, 2014 2020 (million tons)
TABLE 36 Europe paints and coatings market size, by product segment, 2010 2013 (USD million)
TABLE 37 Europe paints and coatings market size, by, by product segment, 2014 2020 (USD million) 51
TABLE 38 Europe architectural and decorative paints and coatings market size, by product segment, 2010 2013 (million tons)
TABLE 39 Europe architectural and decorative paints and coatings market size, by product segment, 2014 2020 (million tons)
TABLE 40 Europe architectural and decorative paints and coatings market size, by product segment, 2010 2013 (USD million)
TABLE 41 Europe architectural and decorative paints and coatings market size, by product segment, 2014 2020 (USD million)
TABLE 42 Europe industrial paints and coatings market size, by product segment, 2014 2020 (million tons)
TABLE 43 Europe industrial paints and coatings market size, by product segment, 2014 2020 (million tons)
TABLE 44 Europe industrial paints and coatings market size, by product segment, 2014 2020 (USD million)
TABLE 45 Europe industrial paints and coatings market size, by product segment, 2014 2020 (USD million)
TABLE 46 Asia Pacific paints and coatings market size, by country, 2010 2013 (million tons)
TABLE 47 Asia Pacific paints and coatings market size, by country, 2014 2020 (million tons)
TABLE 48 Asia Pacific paints and coatings market size, by country, 2010 2013 (USD million)
TABLE 49 Asia Pacific paints and coatings market size, by country, 2014 2020 (USD million)
TABLE 50 Asia Pacific paints and coatings market size, by product segment, 2010 2013 (million tons)
TABLE 51 Asia Pacific paints and coatings market size, by product segment, 2014 2020 (million tons)
TABLE 52 Asia Pacific paints and coatings market size, by product segment, 2010 2013 (USD million)
TABLE 53 Asia Pacific paints and coatings market size, by product segment, 2014 2020 (USD million)
TABLE 54 Asia Pacific architectural and decorative paints and coatings market size, by product segment, 2010 2013 (million tons)
TABLE 55 Asia Pacific architectural and decorative paints and coatings market size, by product segment, 2014 2020 (million tons)
TABLE 56 Asia Pacific architectural and decorative paints and coatings market size, by product segment, 2010 2013 (USD million)
TABLE 57 Asia Pacific architectural and decorative paints and coatings market size, by product segment, 2014 2020 (USD million)
TABLE 58 Asia Pacific industrial paints and coatings market size, by product segment, 2014 2020 (million tons)
TABLE 59 Asia Pacific industrial paints and coatings market size, by product segment, 2014 2020 (million tons)
TABLE 60 Asia Pacific industrial paints and coatings market size, by product segment, 2014 2020 (USD million)
TABLE 61 Asia Pacific industrial paints and coatings market size, by product segment, 2014 2020 (USD million)
TABLE 62 Rest of the World paints and coatings market size, by product segment, 2010 2013 (million tons)
TABLE 63 Rest of the World paints and coatings market size, by product segment, 2014 2020 (million tons)
TABLE 64 Rest of the World paints and coatings market size, by product segment, 2010 2013 (USD million)
TABLE 65 Rest of the World paints and coatings market size, by product segment, 2014 2020 (USD million)
TABLE 66 Rest of the World architectural and decorative paints and coatings market size, by product segment, 2010 2013 (million tons)
TABLE 67 Rest of the World architectural and decorative paints and coatings market size, by product segment, 2014 2020 (million tons)
TABLE 68 Rest of the World architectural and decorative paints and coatings market size, by product segment, 2010 2013 (USD million)
TABLE 69 Rest of the World architectural and decorative paints and coatings market size, by product segment, 2014 2020 (USD million)
TABLE 70 Rest of the World industrial paints and coatings market size, by product segment, 2014 2020 (million tons)
TABLE 71 Rest of the World industrial paints and coatings market size, by product segment, 2014 2020 (million tons)
TABLE 72 Rest of the World industrial paints and coatings market size, by product segment, 2014 2020 (USD million)
TABLE 73 Rest of the World industrial paints and coatings market size, by product segment, 2014 2020 (USD million)
TABLE 74 AkzoNobel paints and coatings brands
TABLE 75 PPG paints and coatings brands, by application area
TABLE 76 The Sherwin-Williams Company paints and coatings brands and business segments
TABLE 77 RPM International paints and coatings brands
TABLE 78 Key financials of Kansai, 2011 2013 (JPY Million)
TABLE 79 Axalta coatings brands
TABLE 80 Key financials of Henkel, 2011 2013 (EUR Million)
TABLE 81 Asian Paints paints and coatings brands
TABLE 82 Key financials of Asian Paints, 2011 2013 (INR Million)

List of Chart

FIG. 1 Paints and coatings market: Porters five forces analysis
FIG. 2 Global motor vehicle production, 2010 2013 (millions)
FIG. 3 Water-based architectural and decorative paints and coatings market growth, 2010 2013 (by value and volume)
FIG. 4 Water-based architectural and decorative paints and coatings market growth, 2014 2020 (by value and volume)
FIG. 5 Solvent-based architectural and decorative paints and coatings market growth, 2010 2013 (by value and volume)
FIG. 6 Solvent-based architectural and decorative paints and coatings market growth, 2014 2020 (by value and volume)
FIG. 7 Global paints and coatings market size, by region, 2010 2020 (USD million)
FIG. 8 Revenue of various industrial sectors in the U.S., 2010 2013 (USD billion)
FIG. 9 Competitive positioning of paints and coatings product segments across different regions
FIG. 10 Competitive positioning of architectural and decorative paints and coatings product segments across different regions
FIG. 11 Competitive positioning of industrial paints and coatings product segments across different regions
FIG. 12 Net revenue and net income of AkzoNobel, 2011 2013 (USD million)
FIG. 13 Net sales and net income of PPG, 2011 2013 (USD million)
FIG. 14 Net sales and net income of The Sherwin-Williams Company, 2011 2013 (USD million)
FIG. 15 Net sales and net income of RPM International, 2011 2013 (USD million)
FIG. 16 Net sales and net income of Valspar, 2011 2013 (USD million)
FIG. 17 Net sales and net income of Kansai, 2011 2013 (USD million) 91
FIG. 18 Net sales and net income of E. I. du Pont de Nemours and Company, 2011 2013 (USD million)
FIG. 19 Net sales and net income of Henkel, 2011 2013 (USD million)
FIG. 20 Net sales and net income of BASF, 2011 2013 (USD billion)
FIG. 21 Net revenue and net profit of Asian Paints, 2011 2013 (USD million)

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