The United Kingdom Paints & Coatings Market Stood at USD 3,013.98 Million in 2021 and is Expected to Grow at a CAGR of 4.60% During the Forecast Period.
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Demand from Construction Industry
The government of the United Kingdom is boosting construction activities with the help of affordable homes program by offering grant money to help with the development costs of affordable dwellings for sale or rent. The government started allocating USD 7.13 billion in April 2021 to build up to 130,000 affordable homes outside of London by March 2026.Technological Advancements for Sustainable Development
Volatile Organic Components (VOC) are part of the wet film painted over the surface, and when it dries, volatile organic components evaporate, which is hazardous for health and creates an ecological imbalance. Technological advancements and product innovations are the key factors influencing the market. Because of the awareness, the demand for sustainable products i.e., paint manufactured with waterborne technology, is more compared to solvent based, or power coating. The market share of decorative or architectural paint is around 70%, which reflects that the market share of waterborne paint technology is more than that of other.Market Segmentation
The United Kingdom Paints & Coatings Market is segmented by type, resin type, technology, region, and company. Based on type, the market is divided into Architectural, and Industrial applications. Based on resin type, the market is divided into acrylic, alkyd, epoxy, polyurethane, polyester, and others. Based on technology, the market is divided into water-based technology, solvent based technology, power coating and others.Market Players
AkzoNobel UK Ltd., Sherwin-Williams UK, PPG UK Ltd., Crown Paints Ltd., Axalta Coating Systems UK, Hempel UK Ltd. Farrow and Ball, Earthborn Paints, Thermaset Powders, HMG Paints Ltds are some of the leading companies operating in the market.Report Scope:
In this report, United Kingdom Paints & Coatings Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:United Kingdom Paints & Coatings Market, By Type:
- Architectural Application
- Industrial Application
United Kingdom Paints & Coatings Market, By Resin Type:
- Acrylic
- Alkyd
- Epoxy
- Polyurethane
- Polyester
- Others
United Kingdom Paints & Coatings Market, By Technology:
- Water Based Technology
- Solvent Based Technology
- Powder Coating
- Others
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in United Kingdom Paints & Coatings Market
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AkzoNobel UK Ltd.,
- Sherwin-Williams UK
- PPG UK Ltd
- Axalta Coating Systems UK
- Crown Paints Ltd