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European Paints and Coatings Market by Resin Type (Acrylic, Alkyd, Epoxy, Polyester, PU, Fluoropolymer, Vinyl), Technology (Waterborne, Solvent borne, Powder), End-use (Architectural and Industrial), and Country - Forecast to 2028

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    Report

  • 308 Pages
  • May 2023
  • Region: Europe
  • Markets and Markets
  • ID: 5229129
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High Demand for Sustainable Coatings from Professional and DIY Industries

The European Paints and Coatings market is projected to grow from USD 37.2 Billion in 2023 to USD 41.6 Billion by 2028, at a CAGR of 2.3% between 2023-2028. The challenges related to the European Paints and Coatings market are stringent environmental regulations. With the increasing number of regulatory policies adopted by various governments, paints & coatings producers in the region have to improve their processes to comply with the new policies constantly.

Acrylic resin is estimated to be the largest growing segment in the architectural end-use industry

Acrylics are available in various forms, such as emulsions (latex), lacquers, enamels, and powders, out of which the most common form is acrylic latex. The chief acrylic polymers are acrylic and methacrylic acid, which provide a polymer structure with little tendency to absorb UV light and increase their resistance to weathering and oxidation compared to oil-based paints, alkyds, or epoxies. Acrylics possess good colors and gloss retention. Acrylic in powder coatings ranges from thin-film clear coats to very smooth coats and provides a high-performance finish with outstanding weather resistance and high-gloss colors, making them ideal for outdoor applications with excellent exterior durability. Acrylic coatings are waterborne, easy to handle, moderately priced, and perform well in various applications such as roof and wall coating. They are cured by water evaporation, exhibiting a reasonable degree of cohesive strength, and provide good adhesion to most roof surfaces. These resin-based coatings are used in numerous architectural applications.

Polyurethane resin to gain the maximum market share of Industrial End-use industry during the forecast period

Polyurethane resins are created by combining polyalcohol with organic di-isocyanate. Polyurethane resin paints have exceptional durability, toughness, and gloss and are easy to clean. Polyurethane resin paints are employed in a variety of applications around the world because of their qualities. Polyurethane paints are also employed in applications requiring great performance, such as oil-rig towers, warehouses, industrial plants, heat-resistant coatings, and bridges. Heavy-duty exterior and interior structural coating, clean rooms, paper mills, power plants, offshore structures, oil field machinery, outside surfaces of steel tanks, handrails, conveyors, and chemical processing equipment are some further applications for polyurethane resin paints and coatings.

Germany is estimated to be the largest and fastest-growing segment of the European Paints and Coatings market

The automotive industry raised the demand for paints and coatings in the country. According to OICA, it has produced 212,527 light commercial vehicles and 3,096,165 passenger cars. The German automotive sector creates +60% R&D growth in Europe. The automotive industry generates 24% of total domestic industry revenue. 77% of cars manufactured in Germany in 2021 were destined for export markets. The industry is bouncing back from the pandemic as well as the economic recession, with the largest concentration of OEM plants in Europe. There are currently 44 OEM sites located in Germany. German OEM market share in the EU was more than 55 percent in 2021. German passenger car and light commercial vehicle OEM generated foreign market revenue of almost EUR 274 billion (USD 302.11 billion) in 2021 - a ten percent increase over 2020.

Extensive primary interviews have been conducted, and information has been gathered from secondary research to determine and verify the market size of several segments and sub-segments.

Breakdown of Primary Interviews:

  • By Company Type: Tier 1 - 46%, Tier 2 - 36%, and Tier 3 -  18%
  • By Designation: C Level - 27%, D Level - 10%, and Others - 55%
  • By Region: Asia Pacific - 55%, North America - 18%, Europe - 9%, South America - 9%, and the Middle East & Africa - 9%

The key companies profiled in this report are Akzo Nobel NV (Netherlands), PPG Industries, Inc. (US), The Sherwin-Williams Company (US), BASF Coatings GmbH (Germany), Jotun A/S (Norway), and Axalta Coating Systems LLC (US).

Research Coverage:

European Paints and Coatings Market by Resin Type (Acrylic, Alkyd, Epoxy, Polyester, PU, Fluoropolymer, Vinyl), by Technology (Waterborne, Solventborne, Powder), by End-use (Architectural and Industrial), and Country (Germany, Russia, UK, France, Italy, Spain, Turkey, Poland, Sweden, Denmark, Norway, Finland, Lithuania, Latvia, Estonia, and Rest of Europe).

Reasons to Buy the Report

From an insight perspective, this research report focuses on various levels of analyses - industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on European Paints and Coatings offered by top players in the market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the market
  • Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the market for European Paints and Coatings across regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Market Segmentation
1.3.1 Years Considered
1.4 Currency Considered
1.5 Unit Considered
1.6 Stakeholders
1.7 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 1 European Paints and Coatings Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Data Sources
2.1.2.2 Key Data from Primary Sources
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primary Interviews
2.2 Market Size Estimation
Figure 2 Market Estimation: Supply Side
Figure 3 Top-Down Approach
2.3 Data Triangulation
Figure 4 European Paints and Coatings Market: Data Triangulation
2.4 Assumptions and Limitations
Table 1 Research Assumptions
Table 2 Research Limitations

3 Executive Summary
Table 3 European Paints and Coatings Market Snapshot, 2023 Vs. 2028
Figure 5 Acrylic to be Most Widely Used Resin Type in Market
Figure 6 Waterborne Technology to Account for Largest Share of Market
Figure 7 Industrial Segment to Account for Largest Share During Forecast Period

4 Premium Insights
4.1 Attractive Opportunities in European Paints and Coatings Market
Figure 8 Emerging Economies to Offer Lucrative Growth Opportunities for Market Players Between 2023 and 2028
4.2 European Paints and Coatings Market, by Resin Type
Figure 9 Acrylic Resin Type to be Largest Segment by 2028
4.3 European Paints and Coatings Market, by End-Use Industry and Country
Figure 10 Germany and Architectural End-Use Industry Dominated Paints and Coatings Markets in 2022
4.4 European Paints and Coatings Market, by Key Country
Figure 11 Germany to Grow at Highest CAGR During Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 12 Drivers, Restraints, Opportunities, and Challenges in European Paints and Coatings Market
5.2.1 Drivers
5.2.1.1 Increasing Demand for Premium Paints
5.2.1.2 High Demand for Sustainable Coatings from Professional and DIY Industries
5.2.1.3 Rising Demand for Durable Coatings with Better Performance and Aesthetics
5.2.1.4 Technological Evolution in Powder-Based Coatings
5.2.2 Restraints
5.2.2.1 Requirement of More Curing Time for Waterborne Paints and Coatings
5.2.2.2 Trouble Attaining Thin Films with Powder Coating
5.2.3 Opportunities
5.2.3.1 Increased Utilization of Fluoropolymers in Building and Construction Industry
5.2.3.2 Attractive Prospects for Powder Coatings in Ev Industry
5.2.4 Challenges
5.2.4.1 Stringent Environmental Regulations
5.2.4.2 Challenges Concerning Wastewater Disposal
5.3 Porter's Five Forces Analysis
Table 4 European Paints and Coatings Market: Porter's Five Forces Analysis
Figure 13 Porter's Five Forces Analysis: European Paints and Coatings Market
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry
5.4 Key Stakeholders and Buying Criteria
5.5 Key Stakeholders in Buying Process
5.5.1 Influence of Stakeholders on Buying Process
Table 5 Influence of Stakeholders on Buying Process for Top End-users (%)
5.5.2 Buying Criteria
Figure 14 Key Buying Criteria for European Paints and Coatings
Table 6 Key Buying Criteria for European Paints and Coatings
5.6 Macro Economic Indicators and Key Industry Trends
5.6.1 Introduction
5.6.2 Trends and Forecast of Gdp
5.6.3 Trends in Automotive Industry
Table 7 Automotive Industry Production (2020-2021)
Table 8 Trends and Forecast of Gdp, Percentage Change, 2020-2028
5.7 Global Economic Scenario Affecting Market Growth
5.7.1 Russia-Ukraine War
5.7.2 Energy Crisis in Europe
5.8 Value Chain Analysis
Figure 15 European Paints and Coatings: Value Chain Analysis
5.9 Pricing Analysis
Figure 16 Average Price Competitiveness in European Paints and Coatings Market, by Country
Figure 17 Average Price Competitiveness in European Paints and Coatings Market, by Technology, 2022
Figure 18 Average Price Competitiveness in European Paints and Coatings Market, by Company, 2022
5.10 European Paints and Coatings Ecosystem and Interconnected Market
Table 9 European Paints and Coatings Market: Supply Chain
Figure 19 European Paints and Coatings Market: Ecosystem
5.11 Trends/Disruptions Impacting Buyers/Customers
5.12 Trade Analysis
Table 10 Country-Wise Export Data for Aqueous Medium, 2019-2022 (USD Thousand)
Table 11 Country-Wise Import Data for Aqueous Medium, 2019-2022 (USD Thousand)
Table 12 Country-Wise Export Data for Non-Aqueous Medium, 2019-2022 (USD Thousand)
Table 13 Country-Wise Import Data for Non-Aqueous Medium, 2019-2022 (USD Thousand)
5.13 Standards and Regulatory Landscapes
5.13.1 British Coatings Federation
5.13.1.1 Decorative Coatings
5.13.1.2 Vehicle Refinish Products
5.13.2 EU Ecolabel
5.13.3 Biocides Products Regulation (Bpr)
5.13.3.1 Exclusion Criteria
5.13.3.2 Active Substances Act as Substitution
5.14 Patent Analysis
5.14.1 Methodology
5.14.2 Publication Trends
Figure 20 Number of Patents Published, 2016-2023
5.14.3 Top Jurisdiction
Figure 21 Patents Published by Jurisdictions, 2016-2023
5.14.4 Top Applicants
Figure 22 Patents Published by Major Applicants, 2016-2023
Table 14 Recent Patents by Owners
5.15 Case Studies
5.16 Technology Analysis
5.17 Key Conferences and Events in 2023
Table 15 Paints and Coatings Market: Key Conferences and Events
5.18 Tariff and Regulatory Landscape
5.18.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 16 Europe: Regulatory Bodies, Government Agencies, and Other Organizations

6 European Paints & Coatings Market, by Resin Type
6.1 Introduction
Figure 23 Acrylic Segment to Lead Market for European Paints & Coatings by 2028
Figure 24 Acrylic Segment to Lead Market for European Architectural Paints & Coatings by 2028
Figure 25 Polyurethane Remains Dominant Resin Type in European Industrial Paints & Coatings Market
Table 17 European Paints & Coatings Market, by Resin Type, 2018-2021 (USD Million)
Table 18 European Paints & Coatings Market, by Resin Type, 2022-2028 (USD Million)
Table 19 European Paints & Coatings Market, by Resin Type, 2018-2021 (Kiloton)
Table 20 European Paints & Coatings Market, by Resin Type, 2022-2028 (Kiloton)
Table 21 Architectural Paints & Coatings Market, by Resin Type, 2018-2021 (USD Million)
Table 22 Architectural Paints & Coatings Market, by Resin Type, 2022-2028 (USD Million)
Table 23 Architectural Paints & Coatings Market, by Resin Type, 2018-2021 (Kiloton)
Table 24 Architectural Paints & Coatings Market, by Resin Type, 2022-2028 (Kiloton)
Table 25 Industrial Paints & Coatings Market, by Resin Type, 2018-2021 (USD Million)
Table 26 Industrial Paints & Coatings Market, by Resin Type, 2022-2028 (USD Million)
Table 27 Industrial Paints & Coatings Market, by Resin Type, 2018-2021 (Kiloton)
Table 28 Industrial Paints & Coatings Market, by Resin Type, 2022-2028 (Kiloton)
6.2 Acrylic Resin
6.2.1 Extensive Application of Acrylic Paints and Coatings to Drive Acrylic Resin Market
Table 29 Properties and Applications of Acrylic Paints and Coatings
Table 30 Acrylic-Based Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 31 Acrylic-Based Architectural Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 32 Acrylic-Based Architectural Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 33 Acrylic-Based Architectural Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
6.3 Alkyd Resin
6.3.1 Outstanding Mechanical Qualities and Superior Dyeing Speed of Alkyd Resin to Boost Alkyd Resin Market
Table 34 Properties and Applications of Alkyd Resin
Table 35 Alkyd-Based Architectural Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 36 Alkyd-Based Architectural Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 37 Alkyd-Based Architectural Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 38 Alkyd-Based Architectural Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
6.4 Epoxy Resin
6.4.1 Growing Demand for High-Performance Thermosetting Resins to Drive Market for Epoxy Paints and Coatings
6.5 Polyester Resin
6.5.1 Rising Demand for Coatings with Outstanding Mechanical Properties to Boost Market for Polyester Resin
6.6 Polyurethane Resin
6.6.1 Growing Demand for Effective Coating Materials from Textile Sector to Drive Market for Polyurethane Resin
Table 39 Polyurethane-Based Architectural Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 40 Polyurethane-Based Architectural Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 41 Polyurethane-Based Architectural Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 42 Polyurethane-Based Architectural Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
6.7 Fluoropolymer Resin
6.7.1 Increasing Adoption of Non-Stick Surface Coating Materials to Propel Market for Fluoropolymer Resin
6.8 Vinyl Resin
6.8.1 Growing Adoption of Water-Based Coatings in Architecture Sector to Drive Market for Vinyl Resin
6.9 Other Resin Types

7 European Paints & Coatings Market, by Technology
7.1 Introduction
Figure 26 Waterborne Segment to Lead European Paints & Coatings Market During Forecast Period
Table 43 European Paints & Coatings Market, by Technology, 2018-2021 (USD Million)
Table 44 European Paints & Coatings Market, by Technology, 2022-2028 (USD Million)
Table 45 European Paints & Coatings Market, by Technology, 2018-2021 (Kiloton)
Table 46 European Paints & Coatings Market, by Technology, 2022-2028 (Kiloton)
7.2 Waterborne
7.2.1 Adoption of Environmental-Friendly Raw Materials to Drive Market for Waterborne Coatings
Table 47 Waterborne: European Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 48 Waterborne: European Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 49 Waterborne: European Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 50 Waterborne: European Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
7.3 Solventborne
7.3.1 Growing Need for High-Performance Coating Applications to Drive Demand for Solventborne Coatings
Table 51 Solventborne: European Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 52 Solventborne: European Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 53 Solventborne: European Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 54 Solventborne: European Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
7.4 Powder
7.4.1 Preference for Superior-Quality and Cost-Efficient Coatings to Boost Growth of Powder Coatings Market
Table 55 Powder: European Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 56 Powder: European Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 57 Powder: European Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 58 Powder: European Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
7.5 Other Technologies

8 European Paints & Coatings Market, by End-Use Industry
8.1 Introduction
Figure 27 Architectural Segment to Achieve Higher CAGR During Forecast Period
Table 59 European Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 60 European Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 61 European Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 62 European Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
8.2 Architectural
8.2.1 Rising Popularity of Architectural Aesthetics to Boost Demand for Architectural Coatings
Table 63 Architectural: European Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 64 Architectural: European Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 65 Architectural: European Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 66 Architectural: European Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
Table 67 Architectural: European Paints & Coatings Market, by Country, 2018-2021 (USD Million)
Table 68 Architectural: European Paints & Coatings Market, by Country, 2022-2028 (USD Million)
Table 69 Architectural: European Paints & Coatings Market, by Country, 2018-2021 (Kiloton)
Table 70 Architectural: European Paints & Coatings Market, by Country, 2022-2028 (Kiloton)
8.2.2 Residential
8.2.3 Non-Residential
8.2.4 Infrastructure
8.3 Industrial
8.3.1 Rising Adoption of Corrosion-Free Coatings to Drive Growth of Industrial Coatings Market
Table 71 Industrial: European Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 72 Industrial: European Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 73 Industrial: European Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 74 Industrial: European Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
Table 75 Industrial: European Paints & Coatings Market, by Country, 2018-2021 (USD Million)
Table 76 Industrial: European Paints & Coatings Market, by Country, 2022-2028 (USD Million)
Table 77 Industrial: European Paints & Coatings Market, by Country, 2018-2021 (Kiloton)
Table 78 Industrial: European Paints & Coatings Market, by Country, 2022-2028 (Kiloton)
8.3.2 General Industrial
8.3.2.1 Rising Demand for Powder-Coated Products by Homeowners to Drive Usage of Coatings for General Industrial Purposes
Table 79 General Industrial: European Paints & Coatings Market, by Country, 2018-2021 (USD Million)
Table 80 General Industrial: European Paints & Coatings Market, by Country, 2022-2028 (USD Million)
Table 81 General Industrial: European Paints & Coatings Market, by Country, 2018-2021 (Kiloton)
Table 82 General Industrial: European Paints & Coatings Market, by Country, 2022-2028 (Kiloton)
8.3.3 Oem
8.3.3.1 Growing Sales of Passenger and Commercial Vehicles to Boost Adoption of Automotive Oem Coatings
Table 83 Oem: European Paints & Coatings Market, by Country, 2018-2021 (USD Million)
Table 84 Oem: European Paints & Coatings Market, by Country, 2022-2028 (USD Million)
Table 85 Oem: European Paints & Coatings Market, by Country, 2018-2021 (Kiloton)
Table 86 Oem: European Paints & Coatings Market, by Country, 2022-2028 (Kiloton)
8.3.3.2 Passenger Cars
8.3.3.3 Commercial Vehicles
8.3.3.4 Heavy-Duty Equipment
8.3.3.5 Rail
8.3.3.6 Aerospace
8.3.3.7 Marine
8.3.4 Wood
8.3.4.1 Increase in Construction and Infrastructure Activities to Drive Demand for Coatings in Wood Industry
Table 87 Wood: European Paints & Coatings Market, by Country, 2018-2021 (USD Million)
Table 88 Wood: European Paints & Coatings Market, by Country, 2022-2028 (USD Million)
Table 89 Wood: European Paints & Coatings Market, by Country, 2018-2021 (Kiloton)
Table 90 Wood: European Paints & Coatings Market, by Country, 2022-2028 (Kiloton)
8.3.5 Other End-Use Industries
Table 91 Other End-Use Industries: European Paints & Coatings, by Country, 2018-2021 (USD Million)
Table 92 Other End-Use Industries: European Paints & Coatings Market, by Country, 2022-2028 (USD Million)
Table 93 Other End-Use Industries: European Paints & Coatings Market, by Country, 2018-2021 (Kiloton)
Table 94 Other End-Use Industries: European Paints & Coatings Market, by Country, 2022-2028 (Kiloton)

9 European Paints & Coatings Market, by Country
9.1 Introduction
9.1.1 Europe: Recession Impact
Figure 28 European Paints & Coatings Market Snapshot
Table 95 Major Infrastructure Projects in Europe
Table 96 European Paints & Coatings Market, by Country, 2018-2021 (USD Million)
Table 97 European Paints & Coatings Market, by Country, 2022-2028 (USD Million)
Table 98 European Paints & Coatings Market, by Country, 2018-2021 (Kiloton)
Table 99 European Paints & Coatings Market, by Country, 2022-2028 (Kiloton)
9.1.2 Germany
9.1.2.1 Favorable Economic Environment and Rising Demand for New Homes to Drive Growth
Table 100 Germany: Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 101 Germany: Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 102 Germany: Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 103 Germany: Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
Table 104 Germany: Industrial Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 105 Germany: Industrial Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 106 Germany: Industrial Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 107 Germany: Industrial Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
9.1.3 Russia
9.1.3.1 Growing Population to Increase Application of Architectural Paints and Coatings
Table 108 Russia: Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 109 Russia: Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 110 Russia: Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 111 Russia: Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
Table 112 Russia: Industrial Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 113 Russia: Industrial Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 114 Russia: Industrial Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 115 Russia: Industrial Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
9.1.4 UK
9.1.4.1 Growing Construction Sector, Along with Government Spending, to Boost Demand for Architectural Coatings
Table 116 Major Infrastructure Projects in UK
Table 117 UK: Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 118 UK: Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 119 UK: Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 120 UK: Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
Table 121 UK: Industrial Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 122 UK: Industrial Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 123 UK: Industrial Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 124 UK: Industrial Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
9.1.5 France
9.1.5.1 Reviving Economy, Coupled with Investments in Infrastructure, to Boost Demand
Table 125 France: Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 126 France: Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 127 France: Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 128 France: Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
Table 129 France: Industrial Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 130 France: Industrial Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 131 France: Industrial Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 132 France: Industrial Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
9.1.6 Italy
9.1.6.1 New Project Finance Rules and Investment Policies to Boost Market
Table 133 Italy: Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 134 Italy: Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 135 Italy: Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 136 Italy: Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
Table 137 Italy: Industrial Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 138 Italy: Industrial Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 139 Italy: Industrial Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 140 Italy: Industrial Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
9.1.7 Spain
9.1.7.1 Increase in Housing Units to Boost Demand for Paints & Coatings
Table 141 Spain: Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 142 Spain: Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 143 Spain: Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 144 Spain: Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
Table 145 Spain: Industrial Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 146 Spain: Industrial Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 147 Spain: Industrial Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 148 Spain: Industrial Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
9.1.8 Turkey
9.1.8.1 Rapid Urbanization and Diversification in Consumer Goods to Impact Market Positively
Table 149 Major Infrastructure Projects in Turkey
Table 150 Turkey: Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 151 Turkey: Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 152 Turkey: Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 153 Turkey: Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
Table 154 Turkey: Industrial Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 155 Turkey: Industrial Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 156 Turkey: Industrial Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 157 Turkey: Industrial Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
9.1.9 Poland
9.1.9.1 Residential and Other Infrastructural Projects to Drive Market
Table 158 Major Infrastructure Projects in Poland
Table 159 Poland: Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 160 Poland: Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 161 Poland: Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 162 Poland: Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
Table 163 Poland: Industrial Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 164 Poland: Industrial Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 165 Poland: Industrial Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 166 Poland: Industrial Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
9.1.10 Sweden
9.1.10.1 New Infrastructural Projects to Drive Market
Table 167 Sweden: Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 168 Sweden: Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 169 Sweden: Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 170 Sweden: Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
Table 171 Sweden: Industrial Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 172 Sweden: Industrial Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 173 Sweden: Industrial Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 174 Sweden: Industrial Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
9.1.11 Denmark
9.1.11.1 Government Support for Construction Industry Growth to Drive Demand
Table 175 Denmark: Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 176 Denmark: Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 177 Denmark: Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 178 Denmark: Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
Table 179 Denmark: Industrial Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 180 Denmark: Industrial Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 181 Denmark: Industrial Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 182 Denmark: Industrial Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
9.1.12 Norway
9.1.12.1 Industrial Segment to be Dominant Consumer of Paints & Coatings
Table 183 Norway: Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 184 Norway: Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 185 Norway: Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 186 Norway: Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
Table 187 Norway: Industrial Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 188 Norway: Industrial Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 189 Norway: Industrial Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 190 Norway: Industrial Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
9.1.13 Finland
9.1.13.1 Demand for New Houses to Drive Architectural Paints Market
Table 191 Finland: Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 192 Finland: Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 193 Finland: Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 194 Finland: Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
Table 195 Finland: Industrial Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 196 Finland: Industrial Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 197 Finland: Industrial Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 198 Finland: Industrial Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
9.1.14 Lithuania
9.1.14.1 Wood Industry to Drive Wood Coatings Market
Table 199 Lithuania: Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 200 Lithuania: Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 201 Lithuania: Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 202 Lithuania: Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
Table 203 Lithuania: Industrial Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 204 Lithuania: Industrial Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 205 Lithuania: Industrial Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 206 Lithuania: Industrial Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
9.1.15 Latvia
9.1.15.1 Infrastructure and Commercial Buildings to Drive Market
Table 207 Latvia: Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 208 Latvia: Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 209 Latvia: Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 210 Latvia: Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
Table 211 Latvia: Industrial Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 212 Latvia: Industrial Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 213 Latvia: Industrial Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 214 Latvia: Industrial Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
9.1.16 Estonia
9.1.16.1 Architectural Segment to Dominate Market
Table 215 Estonia: Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 216 Estonia: Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 217 Estonia: Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 218 Estonia: Paints & Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
Table 219 Estonia: Industrial Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 220 Estonia: Industrial Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 221 Estonia: Industrial Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 222 Estonia: Industrial Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)
9.1.17 Rest of Europe
Table 223 Rest of Europe: Paints & Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 224 Rest of Europe: Paints & Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 225 Rest of Europe: Paints & Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 226 Rest of Europe: Paints & Coatings Market Size, by -Use Industry, 2022-2028 (Kiloton)
Table 227 Rest of Europe: Industrial Coatings Market, by End-Use Industry, 2018-2021 (USD Million)
Table 228 Rest of Europe: Industrial Coatings Market, by End-Use Industry, 2022-2028 (USD Million)
Table 229 Rest of Europe: Industrial Coatings Market, by End-Use Industry, 2018-2021 (Kiloton)
Table 230 Rest of Europe: Industrial Coatings Market, by End-Use Industry, 2022-2028 (Kiloton)

10 Competitive Landscape
10.1 Overview
10.1.1 Overview of Strategies Adopted by Key European Paints and Coatings Market Players
10.2 Company Evaluation Quadrant Matrix: Definitions and Methodology, 2022
10.2.1 Stars
10.2.2 Emerging Leaders
10.2.3 Pervasive Players
10.2.4 Participants
Figure 29 Company Evaluation Quadrant for Key Players, 2022
10.3 Strength of Product Portfolio
Figure 30 Product Portfolio Analysis of Top Players in European Paints & Coatings Market
10.4 Startups/Smes Evaluation Quadrant, 2022
10.4.1 Progressive Companies
10.4.2 Responsive Companies
10.4.3 Starting Blocks
10.4.4 Dynamic Companies
Figure 31 Company Evaluation Quadrant for Startups/Small and Medium-Sized Enterprises, 2022
10.5 Market Share Analysis
Figure 32 Market Share, by Key Player (2022)
10.6 Top Five Revenue Analysis
Figure 33 Revenue Analysis of Top Players, 2018-2022
10.6.1 Akzo Nobel Nv
10.6.2 Ppg Industries, Inc.
10.6.3 The Sherwin-Williams Company
10.6.4 Basf Coatings GmbH
10.6.5 Axalta Coating Systems LLC
10.7 Market Ranking Analysis
Table 231 Market Ranking Analysis, 2022
10.8 Competitive Scenario
10.8.1 Market Evaluation Framework
Table 232 Company End-Use Industry Footprint
Table 233 Company Region Footprint
Table 234 Overall Company Footprint
10.8.2 Market Evaluation Matrix
Table 235 Strategic Developments Adopted by Key Players
Table 236 Most Followed Strategies by Key Companies
Table 237 Growth Strategies Adopted by Key Companies
10.9 Competitive Benchmarking
Table 238 Detailed List of Key Market Players
Table 239 Competitive Benchmarking of Key Startups/Smes
10.10 Strategic Developments
Table 240 Product Launches, 2019-2023
Table 241 Deals, 2019-2023

11 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)*
11.1 Major Players
11.1.1 Akzo Nobel N.V.
Table 242 Akzo Nobel N.V.: Business Overview
Figure 34 Akzo Nobel N.V.: Company Snapshot
Table 243 Akzo Nobel N.V.: Product Launches
Table 244 Akzo Nobel N.V.: Deals
11.1.2 Ppg Industries, Inc.
Table 245 Ppg Industries, Inc.: Company Overview
Figure 35 Ppg Industries, Inc.: Company Snapshot
Table 246 Ppg Industries, Inc.: Deals
Table 247 Ppg Industries, Inc.: Others
11.1.3 The Sherwin-Williams Company
Table 248 The Sherwin-Williams Company: Company Overview
Figure 36 The Sherwin-Williams Company: Company Snapshot
Table 249 The Sherwin-Williams Company: Product Launches
Table 250 The Sherwin-Williams Company: Deals
11.1.4 Basf Coatings GmbH
Table 251 Basf Coatings GmbH: Company Overview
Figure 37 Basf Coatings GmbH: Company Snapshot
Table 252 Basf Coatings GmbH: Deals
11.1.5 Axalta Coating Systems LLC
Table 253 Axalta Coating Systems LLC: Company Overview
Figure 38 Axalta Coating Systems LLC: Company Snapshot
Table 254 Axalta Coating Systems LLC: Product Launches
Table 255 Axalta Coating Systems LLC: Deals
11.1.6 Rpm International Inc.
Table 256 Rpm International Inc.: Company Overview
Figure 39 Rpm International Inc.: Company Snapshot
11.1.7 Jotun A/S
Table 257 Jotun A/S: Company Overview
Figure 40 Jotun A/S: Company Snapshot
Table 258 Jotun A/S: Product Launches
11.1.8 Hempel A/S
Table 259 Hempel A/S: Company Overview
Figure 41 Hempel A/S: Company Snapshot
Table 260 Hempel A/S: Product Launches
Table 261 Hempel A/S: Deals
11.1.9 Kansai Paint Co., Ltd
Table 262 Kansai Paint Co., Ltd.: Company Overview
Figure 42 Kansai Paint Co., Ltd.: Company Snapshot
Table 263 Kansai Paints Co., Ltd.: Deals
11.1.10 Cromology (Nippon Paint Holdings Co., Ltd.)
Table 264 Cromology (Nippon Paint Holdings Co., Ltd.): Company Overview
Figure 43 Nippon Paint Holdings Co., Ltd.: Company Snapshot
Table 265 Cromology (Nippon Paint Holdings Co., Ltd.): Product Launches
11.2 Other Companies
11.2.1 Daw Se
11.2.2 Beckers Group
Table 266 Beckers Group: Deals
11.2.3 Brillux GmbH & Co. Kg
11.2.4 Teknos Group
Table 267 Teknos Group: Product Launches
Table 268 Teknos Group: Deals
11.2.5 Mankiewicz Gebr. & Co.
11.2.6 Meffert AG Farbwerke
11.2.7 Corcorporacao Industrial Do Norte
11.2.8 Flugger Group A/S
Table 269 Flugger Group: Product Launches
Table 270 Flugger Group: Deals
11.2.9 Ivm Chemicals
Table 271 Ivm Chemicals: Deals
11.2.10 Tiger Coatings GmbH & Co. Kg
11.2.11 Sto Corp.
11.2.12 Remmers
11.2.13 Mipa Se
11.2.14 Weilburger Coatings GmbH
Table 272 Weilburger Coatiings GmbH: Deals
11.2.15 Freilacke
  • *Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)* Might Not be Captured in Case of Unlisted Companies.
12 Adjacent/Related Markets
12.1 Introduction
12.1.1 Limitation
12.2 Paints & Coatings
12.2.1 Ecosystem and Interconnected Market
Figure 44 Paints & Coatings: Ecosystem
12.3 Coating Resins Market
12.3.1 Market Definition
12.3.2 Market Overview
12.3.3 Coating Resins Market, by Resin Type
Table 273 Coating Resins Market, by Resin Type, 2017-2020 (USD Million)
Table 274 Coating Resins Market, by Resin Type, 2021-2026 (USD Million)
Table 275 Coating Resins Market, by Resin Type, 2017-2020 (Kiloton)
Table 276 Coating Resins Market, by Resin Type, 2021-2026 (Kiloton)
12.3.3.1 Acrylic
12.3.3.2 Alkyd
12.3.3.3 Vinyl
12.3.3.4 Polyurethane
12.3.3.5 Epoxy
12.3.3.6 Polyester
12.3.3.6.1 Unsaturated Polyester
12.3.3.6.2 Saturated Polyester
12.3.3.7 Amino
12.3.3.8 Others
12.3.4 Coating Resins Market, by Technology
Table 277 Coating Resins Market, by Technology, 2017-2020 (USD Million)
Table 278 Coating Resins Market, by Technology, 2021-2026 (USD Million)
Table 279 Coating Resins Market, by Technology, 2017-2020 (Kiloton)
Table 280 Coating Resins Market, by Technology, 2021-2026 (Kiloton)
12.3.4.1 Waterborne Coatings
12.3.4.2 Solventborne Coatings
12.3.4.3 Powder Coatings
12.3.4.4 Others
12.3.4.4.1 High Solids Coatings
12.3.4.4.2 Radiation Curable Coatings
12.3.5 Coating Resins Market, by Application
Table 281 Coating Resins Market, by Application, 2017-2020 (USD Million)
Table 282 Coating Resins Market, by Application, 2021-2026 (USD Million)
Table 283 Coating Resins Market, by Application, 2017-2020 (Kiloton)
Table 284 Coating Resins Market, by Application, 2021-2026 (Kiloton)
Table 285 Architectural Coating Resins Market, by Sub-Application, 2017-2020 (USD Million)
Table 286 Architectural Coating Resins Market, by Sub-Application, 2021-2026 (USD Million)
Table 287 Architectural Coating Resins Market, by Sub-Application, 2017-2020 (Kiloton)
Table 288 Architectural Coating Resins Market, by Sub-Application, 2021-2026 (Kiloton)
Table 289 Industrial Coating Resins Market, by Sub-Application, 2017-2020 (USD Million)
Table 290 Industrial Coating Resins Market, by Sub-Application, 2021-2026 (USD Million)
Table 291 Industrial Coating Resins Market, by Sub-Application, 2017-2020 (Kiloton)
Table 292 Industrial Coating Resins Market, by Sub-Application, 2021-2026 (Kiloton)
12.3.5.1 Architectural Coatings
12.3.5.2 Marine & Protective Coatings
12.3.5.3 General Industrial Coatings
12.3.5.4 Automotive Coatings
12.3.5.5 Wood Coatings
12.3.5.6 Packaging Coatings
12.3.5.7 Others
12.3.5.7.1 Coil
12.3.5.7.2 Aerospace
12.3.5.7.3 Graphic Arts
12.3.6 Coating Resins Market, by Region
Table 293 Coating Resins Market, by Region, 2017-2020 (USD Million)
Table 294 Coating Resins Market, by Region, 2021-2026 (USD Million)
Table 295 Coating Resins Market, by Region, 2017-2020 (Kiloton)
Table 296 Coating Resins Market, by Region, 2021-2026 (Kiloton)
12.3.6.1 Asia-Pacific
12.3.6.2 Europe
12.3.6.3 North America
12.3.6.4 Middle East & Africa
12.3.6.5 South America

13 Appendix
13.1 Discussion Guide
13.2 Knowledgestore: The Subscription Portal
13.3 Customization Options

Executive Summary

Companies Mentioned

  • Akzo Nobel N.V.
  • Axalta Coating Systems LLC
  • Basf Coatings GmbH
  • Beckers Group
  • Brillux GmbH & Co. Kg
  • Corcorporacao Industrial Do Norte
  • Cromology (Nippon Paint Holdings Co., Ltd.)
  • DAW Se
  • Flugger Group A/S
  • Freilacke
  • Hempel A/S
  • IVM Chemicals
  • Jotun A/S
  • Kansai Paint Co., Ltd
  • Mankiewicz Gebr. & Co.
  • Meffert AG Farbwerke
  • Mipa Se
  • PPM Industries, Inc.
  • Remmers
  • RPM International Inc.
  • STO Corp.
  • Teknos Group
  • The Sherwin-Williams Company
  • Tiger Coatings GmbH & Co. Kg
  • Weilburger Coatings GmbH

Methodology

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Table Information

Report AttributeDetails
No. of Pages308
PublishedMay 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 37.2 Billion
Forecasted Market Value ( USD ) by 2028 $ 41.6 Billion
Compound Annual Growth Rate2.3%
Regions CoveredEurope
No. of Companies Mentioned25

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