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1512654

全球油漆和塗料市場 - 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個工作天內

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簡介目錄

概述

2023年，全球油漆塗料市場達到1,978億美元，預計2031年將達到2,605億美元，2024-2031年預測期間複合年成長率為3.5%。

由於汽車、建築和造船等主要行業的需求復甦，油漆和塗料市場正在經歷強勁成長。航空航太業已成為主要需求來源，尤其是許多航空公司向波音和空中巴士下達大額訂單，以便在疫情後時期擴大機隊營運。

大流行後時期，創新和新產品推出的步伐明顯放緩。由於市場條件更加嚴峻，各公司多次延後新產品的推出。對於一個從價值創造和創新中獲得成長的產業來說，這是未來成長和擴張的重大挑戰。

動力學

電動車日益普及

後疫情時期推動了電動車產銷的繁榮。作為廣泛經濟復甦的一部分，政府對汽車產業的刺激導致了電池技術和汽車生產技術的突破。 2023 年純電動車 (BEV) 銷量接近 1,420 萬輛，創下電動車量產以來的最高增幅。

分析師預計，未來幾年電動車的價格將進一步下降，大多數車型將在未來 4 至 5 年內實現與汽油和柴油車的價格平價。美國和中國的電動車整體價格降幅最大。根據《富比士》雜誌資料顯示，2023 年中期美國電動車平均價格約為 45,000 美元，較前一年的近 59,000 美元大幅下降。

透過對供應鏈的掌控和龐大的產能，中國幾乎將電動車的價格降低到了高檔汽油和柴油車的水平。中國電動車的平均起價約為 1 萬美元，比同等西方電動車便宜近 4 倍。電動車的持續發展為全球油漆和塗料市場帶來了新的成長機會。它將推動對用於車身和電池保護的先進油漆和塗料的需求。

全球製造活動的擴張

在 COVID-19 大流行後時期，全球製造業活動加快並經歷了快速復甦。這一成長主要得益於中國製造業的復甦。最新資料顯示，中國製造業PMI繼2022年4月跌至歷史新低47.6後，於2023年2月升至52.6。

印度、越南、馬來西亞、泰國和印尼是這項措施的主要受益者。印度政府還推出了生產掛鉤激勵（PLI）計劃，以進一步鼓勵該國製造業業務的擴張。隨著新工業設施的建成和現有工業設施的擴建，工業部門對油漆和塗料的需求在預測期內將大幅增加。

嚴格的工業廢水處理規定

大多數塗料生產設施位於新興國家，這些國家商業環境友好，生產成本較低，但大多數國家的廢棄物處理基礎設施卻非常不發達。很多時候，工業廢水未經處理就直接排入河流和湖泊。此外，行業法規及其執行不嚴，因此許多行業可以公然違法而不會產生任何後果。

近年來，迫於公民和環保組織的壓力，許多政府開始實施嚴格的法規來遏止工業污染。除了罰款和其他嚴厲處罰之外，各國政府還加強了擴大廢棄物處理設施的資本投資。許多小企業靠著微薄的利潤蓬勃發展，無法應付這些嚴格法規的實施。這些法規的長期調整可能會為全球市場成長帶來重大問題。

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