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市场调查报告书

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1512654

全球油漆和涂料市场 - 2024-2031

Global Paints and Coatings Market - 2024-2031

出版日期: 2024年07月10日 | 出版商:

DataM Intelligence | 英文 205 Pages | 商品交期: 最快1-2个工作天内

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简介目录

概述

2023年，全球油漆涂料市场达到1,978亿美元，预计2031年将达到2,605亿美元，2024-2031年预测期间复合年增长率为3.5%。

由于汽车、建筑和造船等主要行业的需求復苏，油漆和涂料市场正在经历强劲成长。航空航太业已成为主要需求来源，尤其是许多航空公司向波音和空中巴士下达大额订单，以便在疫情后时期扩大机队营运。

大流行后时期，创新和新产品推出的步伐明显放缓。由于市场条件更加严峻，各公司多次延后新产品的推出。对于一个从价值创造和创新中获得成长的产业来说，这是未来成长和扩张的重大挑战。

动力学

电动车日益普及

后疫情时期推动了电动车产销的繁荣。作为广泛经济復苏的一部分，政府对汽车产业的刺激导致了电池技术和汽车生产技术的突破。 2023 年纯电动车 (BEV) 销量接近 1,420 万辆，创下电动车量产以来的最高增幅。

分析师预计，未来几年电动车的价格将进一步下降，大多数车型将在未来 4 至 5 年内实现与汽油和柴油车的价格平价。美国和中国的电动车整体价格降幅最大。根据《富比士》杂誌资料显示，2023 年中期美国电动车平均价格约为 45,000 美元，较前一年的近 59,000 美元大幅下降。

透过对供应链的掌控和庞大的产能，中国几乎将电动车的价格降低到了高檔汽油和柴油车的水平。中国电动车的平均起价约为 1 万美元，比同等西方电动车便宜近 4 倍。电动车的持续发展为全球油漆和涂料市场带来了新的成长机会。它将推动对用于车身和电池保护的先进油漆和涂料的需求。

全球製造活动的扩张

在 COVID-19 大流行后时期，全球製造业活动加快并经历了快速復苏。这一增长主要得益于中国製造业的復苏。最新资料显示，中国製造业PMI继2022年4月跌至历史新低47.6后，于2023年2月升至52.6。

印度、越南、马来西亚、泰国和印尼是这项措施的主要受益者。印度政府还推出了生产挂钩激励（PLI）计划，以进一步鼓励该国製造业业务的扩张。随着新工业设施的建成和现有工业设施的扩建，工业部门对油漆和涂料的需求在预测期内将大幅增加。

严格的工业废水处理规定

大多数涂料生产设施位于新兴国家，这些国家商业环境友好，生产成本较低，但大多数国家的废弃物处理基础设施却非常不发达。很多时候，工业废水未经处理就直接排入河流和湖泊。此外，行业法规及其执行不严，因此许多行业可以公然违法而不会产生任何后果。

近年来，迫于公民和环保组织的压力，许多政府开始实施严格的法规来遏止工业污染。除了罚款和其他严厉处罚之外，各国政府还加强了扩大废弃物处理设施的资本投资。许多小企业靠着微薄的利润蓬勃发展，无法应付这些严格法规的实施。这些法规的长期调整可能会为全球市场成长带来重大问题。

The paints and coatings market is experiencing robust growth due to demand recovery among major sectors like automotive, construction, and marine shipbuilding. The aerospace industry has become a major source of demand, especially with many airlines placing large-sized orders with Boeing and Airbus to expand their fleet operations in the post-pandemic period.

The pace of innovation and new product launches has slowed noticeably in the post-pandemic period. Companies have delayed the launch of new products several times citing tougher market conditions. For an industry that derives growth from value generation and innovation, it is a major challenge for future growth and expansion.

Dynamics

Growing Popularity of Electric Vehicles

The post-pandemic period has fueled a boom in the production and sales of electric vehicles. Government stimulus to the automotive industry as part of a broad-based economic revival has led to breakthroughs in battery technology and vehicle production techniques. Nearly 14.2 million battery electric vehicles (BEVs) were sold in 2023, marking the highest increase since EV mass production began.

Analysts expect the price of electric vehicles to decrease further in the coming years, with most models achieving price parity with petrol and diesel-based vehicles in the next 4 to 5 years. The U.S. and China have witnessed the largest decrease in overall EV prices. According to data from Forbes magazine, the average EV price in the U.S. was around US$ 45,000 in mid-2023, significantly down from nearly US$ 59,000 during the previous year.

Through mastery of the supply chain and large production capacity, China has almost brought down electric vehicle prices to the level of premium petrol and diesel vehicles. The average cost for a Chinese EV begins at roughly US$ 10,000, nearly 4 times cheaper than an equivalent western EV. The ongoing development of electric vehicles opens up new growth opportunities for the global paints and coatings market. It will propel the demand for advanced paints and coatings for body and electric battery protection.

Expansion of Global Manufacturing Activity

Global manufacturing activity has picked up pace and experienced rapid recovery in the post COVID-19 pandemic period. The rise has mainly been aided by the recovery of China's manufacturing sector. Recent data indicates that China's manufacturing PMI grew to 52.6 in February 2023, after falling to a record low of 47.6 in April 2022. Global multinational companies are undertaking active de-risking of their supply chains by shifting manufacturing operations away from China.

India, Vietnam, Malaysia, Thailand, and Indonesia are major beneficiaries of this move. The Indian government has also introduced production-linked incentives (PLI) schemes to further encourage the expansion of manufacturing operations in the country. As new industrial facilities are built and existing ones are expanded, the demand for paints and coatings from the industrial sector will increase significantly throughout the forecast period.

Stringent Regulations on Industrial Wastewater Disposal

Most of the paint manufacturing facilities are located in emerging countries, which have business-friendly environments and low production costs, however, the waste disposal infrastructure in most countries is highly underdeveloped. Many times, the industrial effluents are discharged completely untreated into rivers and lakes. Furthermore, industrial regulations and their enforcement are lax, hence many industries can blatantly violate the law without any consequences.

In recent years, due to pressure from citizens and environmental groups, many governments have started implementing stringent regulations to curb industrial pollution. From fines and other stiff penalties, governments have also stepped up capital investment in expanding waste treatment facilities. Many small players thrive on wafer-thin margins and cannot cope with the implementation of these strict regulations. The long-term adaption of these regulations might create major problems for global market growth.

Segment Analysis

The global paints and coatings market is segmented based on resin, technology, resin characteristics, end-user, and region.

Acrylic Paints Continue to Lead the Global Market

The acrylic segment accounts for the highest market share due to the higher usage of acrylic paints and coatings in various industries including the automobile, medical devices, and construction industries because of their chemical characteristics and unique esthetic properties. Acrylic paint is a fast-drying paint made of pigment suspended in acrylic polymer emulsion. It is water-soluble but becomes water-resistant when dry.

Acrylic paints and coatings are useful for modifying the appearance, hardness, flexibility, texture, and other characteristics of the paint surface. Acrylic surface coatings are used in all three of the paint and coatings including architectural coatings, product finishes for original equipment manufacturers (OEM), and special-purpose coatings. The acrylic coatings are used in organic solvent-borne, waterborne, powder, or radiation-curable formulations. The coatings and paints are used in architectural or decorative, finishes and to coat industrial goods.

Geographical Penetration

Asia-Pacific Continues to Remain the Most Lucrative Region for the Market

The Asia-Pacific market growth is strongly backed by the recovery of automotive manufacturing in the region. China is the world's largest producer and buyer of automobiles. According to the China Association of Automobile Manufacturers, Chinese automobile sales climbed by approximately 2.1% in 2023 compared to the previous year. Compared to the 26.17 million autos sold in 2022, around 26.86 million were sold in 2023.

A similar recovery is being recorded in the Indian automotive industry, which clocked a 12.5% growth in 2023-24, according to data from the Society of Indian Automobile Manufacturers (SIAM). An ongoing boom in residential and commercial construction, especially in Southeast Asian countries like India, Indonesia, Malaysia, Thailand, and Vietnam is also likely to become another highly motivating factor behind the growth in demand for paints and coatings over the long term.

COVID-19 Impact Analysis

The COVID-19 pandemic had an outsized impact on the paints and coatings market. With the spread of COVID-19 infections globally, paints and coatings manufacturers had to adapt to new working conditions with a reduced workforce. Many manufacturers also had to dip into their stock of reserve materials to ensure the continuity of production during the pandemic.

Demand for paints and coatings from the industrial and construction sectors dropped drastically during the initial phase of the pandemic. Many small and mid-sized players had to temporarily suspend production. With a rapid rebound in demand in the immediate aftermath of the pandemic, the global market is once again set for a period of stable growth.

Russia-Ukraine War Impact Analysis

The Russia-Ukraine war has impacted the paints and coatings market and the broader end-user industries. The conflict, also led to a surge in energy and commodity prices, causing production disruptions for European paints manufacturers. Many companies are shifting production to Asia-Pacific and North America to escape high energy prices.

The displacement of millions of people as well as the all-round destruction of infrastructure has drastically slumped demand in Ukraine, although some demand remains persistent, especially for reconstruction efforts. Many international paint companies left the Russian market following the imposition of economic sanctions. However, many of these companies began to use roundabout methods to re-enter the Russian market.

By Resin

Acrylic
Alkyd
Polyester
Epoxy
Polyurethane
Fluoropolymer
Polyether ether ketone (PEEK)
Polyaryletherketone (PAEK)
Polyetherketone (PEK)
Others

By Technology

Water-based
Solvent-based
Powder
UV Cured Coating
Electron Beam (EB) Coating
Others

By Resin Characteristics

Commodity Coating
Thermoset
Engineering Coating
Thermoplastic

By End-User

Architectural
- Residential
- Non-Residential
Industrial
- General Industrial
- Automotive
- Industrial Wood
Marine
Packaging
Aerospace
Rail
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

In December 2023, the Indian subsidiary of Nippon Paints acquired the local paint manufacturer Vibgyor Paints and Chemicals. The acquisition is expected to strengthen the company's foothold in the Indian and South Asian markets.
In February 2024, INEOS Automotive signed an agreement with BASF SE, the German chemicals manufacturer, to develop an entire range of automotive body refinish paints and coatings.
In March 2024, Clariant, a major multinational specialty chemicals manufacturer, showcased its new range of sustainably produced coatings at the American Coatings Show 2024.

Competitive Landscape

The major global players in the market include AkzoNobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, Axalta Coating Systems, Jotun, Nippon Paint Holdings Co., Ltd., Asian Paints, Kansai Paint Co., Ltd., RPM International Inc., and Tikkurila.

Why Purchase the Report?

To visualize the global paints and coatings market segmentation based on resin, technology, resin characteristics, end-user, and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of paints and coatings market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Resin mapping available as Excel consisting of key products of all the major players.

The global paints and coatings market report would provide approximately 70 tables, 78 figures, and 205 Pages.

Target Audience 2024

Manufacturers/ Buyers
Construction Companies
Automotive Manufacturers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Resin
3.2. Snippet by Technology
3.3. Snippet by Resin Characteristics
3.4. Snippet by End-User
3.5. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Growing popularity of electric vehicles
  - 4.1.1.2. Expansion of global manufacturing activity
- 4.1.2. Restraints
  - 4.1.2.1. Stringent regulations on industrial wastewater disposal
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID-19
- 6.1.2. Scenario During COVID-19
- 6.1.3. Scenario Post COVID-19
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Resin

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
- 7.1.2. Market Attractiveness Index, By Resin
7.2. Acrylic*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Alkyd
7.4. Polyester
7.5. Epoxy
7.6. Polyurethane
7.7. Fluoropolymer
7.8. Polyether ether ketone (PEEK)
7.9. Polyaryletherketone (PAEK)
7.10. Polyetherketone (PEK)
7.11. Others

8. By Technology

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 8.1.2. Market Attractiveness Index, By Technology
8.2. Water-based*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Solvent-based
8.4. Powder
8.5. UV Cured Coating
8.6. Electron Beam (EB) Coating
8.7. Others

9. By Resin Characteristics

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin Characteristics
- 9.1.2. Market Attractiveness Index, By Resin Characteristics
9.2. 3 Commodity Coating*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Commodity Coating
9.4. Thermoset
9.5. Engineering Coating
9.6. Thermoplastic

10. By End-User

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.1.2. Market Attractiveness Index, By End-User
10.2. Architectural*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.2.3. Residential
- 10.2.4. Non-Residential
10.3. Industrial
- 10.3.1. General Industrial
- 10.3.2. Automotive
- 10.3.3. Industrial Wood
10.4. Marine
10.5. Packaging
10.6. Aerospace
10.7. Rail
10.8. Others

11. By Region

11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin Characteristics
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.2.7.1. The U.S.
  - 11.2.7.2. Canada
  - 11.2.7.3. Mexico
11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin Characteristics
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.3.7.1. Germany
  - 11.3.7.2. UK
  - 11.3.7.3. France
  - 11.3.7.4. Italy
  - 11.3.7.5. Spain
  - 11.3.7.6. Rest of Europe
11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin Characteristics
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.4.7.1. Brazil
  - 11.4.7.2. Argentina
  - 11.4.7.3. Rest of South America
11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin Characteristics
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.5.7.1. China
  - 11.5.7.2. India
  - 11.5.7.3. Japan
  - 11.5.7.4. Australia
  - 11.5.7.5. Rest of Asia-Pacific
11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin Characteristics
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

12. Competitive Landscape

12.1. Competitive Scenario
12.2. Market Positioning/Share Analysis
12.3. Mergers and Acquisitions Analysis

13. Company Profiles

13.1. AkzoNobel N.V.*
- 13.1.1. Company Overview
- 13.1.2. Resin Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
13.2. PPG Industries, Inc.
13.3. The Sherwin-Williams Company
13.4. Axalta Coating Systems
13.5. Jotun
13.6. Nippon Paint Holdings Co., Ltd.
13.7. Asian Paints
13.8. Kansai Paint Co., Ltd.
13.9. RPM International Inc.
13.10. Tikkurila

LIST NOT EXHAUSTIVE