World Paint & Coatings Market

  • March 2014
  • -
  • Freedonia
  • -
  • 431 pages

Global demand to rise 5.2% annually through 2017

Global demand for paint and coatings is forecast to rise 5.2 percent per year to 51.6 million metric tons in 2017, valued at $186 billion. Advances will be driven by a strong rebound in global building construction spending, particularly in North America, Europe, and Japan, fueling increased demand for architectural paint. Manufacturing and specialty coatings demand will also grow at a more rapid pace compared to recent historical trends, benefiting from an improved outlook for motor vehicle production and overall industrial output. However, gains will be limited by the increased use of higher quality coatings in both the developed and developing worlds, reducing the volume necessary to complete a given paint job. Water-based coatings and other high-solids formulations will gain share over solventborne products in virtually all world markets, as paintmakers continue to reduce emissions of volatile organic compounds (VOCs) in coatings to comply with government regulations and consumer preferences.

Asia/Pacific to remain largest, fastest growing

The Asia/Pacific region will continue to be the largest and fastest growing coatings market through 2017, rising to account for half of global demand. Gains will be led by robust growth in China, the world’s largest coatings market, although demand will slow somewhat from the double-digit pace of the 2002-2012 period. Even faster growth is forecast for the large Indian market, while other countries in Asia such as Indonesia, Thailand, and Vietnam will experience strong gains as well. In North America, a marked turnaround in building construction activity will fuel healthy growth in coatings demand, while Western Europe and Japan will see similar (though slower) rebounds in coatings markets. Among the other areas of the world, best opportunities are expected in the Africa/ Mideast region, where paint demand per capita is the lowest in the world.

Architectural markets to continue majority status

Architectural markets will continue to account for the majority of paint and coatings demand in 2017. Demand for architectural paint will be fueled by an improved outlook for residential building activity in high income countries, as well as rising urbanization and housing construction spending in the developing world. Coatings demand in manufacturing applications will benefit from a pickup in world motor vehicle production, while the improvement in building construction activity will boost demand for furniture coatings. Maintenance and specialty markets will be driven by rising demand for protective coatings in industrial and oil and gas applications, while increasing rates of motor vehicle ownership will benefit demand for auto refinish paints and road and bridge coatings.

Water-based paints, powder coatings to gain market share

As paintmakers increasingly seek to reduce the VOC content of their products to comply with environmental regulations, water-based paints and powder coatings will gain market share at the expense of solvent-based coatings. However, developing countries with little or no VOC regulations will see a slower trend toward water-based coatings than elsewhere in the world. Additionally, many markets will continue to be dominated by solvent-based formulations for the foreseeable future, including marine coatings, automotive refinishes, and corrosion protection coatings.

Study coverage

This upcoming industry study, World Paint & Coatings, presents historical demand data (2002, 2007, 2012) with forecasts for 2017 and 2022 by formulation, market, world region and for 23 countries. The study also considers market environment factors, evaluates company market share and profiles global industry participants.

Table Of Contents


TABLE OF CONTENTS

INTRODUCTION xii

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4
World Economic Overview 5
Recent Historical Trends 6
World Economic Outlook 8
World Population Outlook 11
World Gross Fixed Investment Outlook 13
World Building Construction Outlook 15
Residential Building 16
Nonresidential Building 18
World Nonbuilding Construction Outlook 19
World Manufacturing Outlook 21
World Motor Vehicle Production 24
World Motor Vehicles in Use 26
Environmental and Regulatory Considerations 28
Volatile Organic Compounds 29
Other Environmental Issues 31

III. OVERVIEW 34

General 34
Demand by Region 37
Demand by Formulation 40
Water-Based 44
Solvent-Based 46
Powder Coatings and Other 48
Demand by Market 51
Architectural 54
Manufacturing 57
Maintenance and Specialty 61
Production by Region 65
International Trade Flows 68

IV. NORTH AMERICA 71

North America: Supply and Demand 71
North America: Paint and Coatings Demand 73
United States 76
Canada 83
Mexico 88
North America: Suppliers and Market Share 93

V. WESTERN EUROPE 97

Western Europe: Supply and Demand 97
Western Europe: Paint and Coatings Demand 100
Germany 103
France 109
Italy 113
United Kingdom 119
Spain 123
Netherlands 128
Other Western Europe 133
Western Europe: Suppliers and Market Share 140

VI. ASIA/PACIFIC 143

Asia/Pacific: Supply and Demand 143
Asia/Pacific: Paint and Coatings Demand 146
China 148
India 156
Japan 161
South Korea 168
Indonesia 173
Thailand 177
Taiwan 182
Australia 187
Other Asia/Pacific 192
Asia/Pacific: Suppliers and Market Share 199

VII. OTHER REGIONS 201

Central and South America 201
Central and South America: Supply and Demand 201
Central and South America: Paint and Coatings Demand 204
Brazil 205
Other Central and South America 210
Eastern Europe 215
Eastern Europe: Supply and Demand 215
Eastern Europe: Paint and Coatings Demand 218
Russia 220
Poland 226
Other Eastern Europe 231
Africa/Mideast 236
Africa/Mideast: Supply and Demand 236
Africa/Mideast: Paint and Coatings Demand 239
Turkey 241
Iran 246
South Africa 251
Other Africa/Mideast 256

VIII. INDUSTRY STRUCTURE 262

General 262
Market Share 266
Acquisitions and Industry Restructuring 270
Cooperative Agreements 275
Channels of Distribution 279
Competitive Strategies 281
Research and Development 282
Company Profiles 284
Akzo Nobel NV 285
Apco Coatings, see Asian Paints India
Asian Paints Limited 295
Axalta Coating Systems LLC 299
BASF SE 303
Beckers Group, see Lindengruppen
Behr Process, see Masco
Benjamin Moore, see Berkshire Hathaway
Berger International, see Asian Paints India
Berger Paints India Limited 307
Berkshire Hathaway Incorporated 310
Bredero Shaw, see ShawCor
Cabot, see Valspar
Canusa-CPS, see ShawCor
Caparol Group, see Deutsche Amphibolin-Werke von
Robert Murjahn Stiftung and
Carboline, see RPM International
Carpoly Chemical Group Company Limited 315
Chugoku Marine Paints Limited 317
Citadel Restoration and Repair, see RPM International
Cloverdale Paint Incorporated 322
Color Wheel Paint Manufacturing, see Sherwin-Williams
Comex Group, see Sherwin-Williams
Complementary Coatings, see Berkshire Hathaway
Consorcio Comex SA de CV 326
Dai Nippon Toryo Company Limited 329
DAP Products, see RPM International
DayGlo Color, see RPM International
Deutsche Amphibolin-Werke von Robert Murjahn Stiftung and
Company KG 331
Dryvit Systems, see RPM International
DuluxGroup Limited 334
DuPont (EI) de Nemours 338
Euclid Chemical, see RPM International
Frazee Industries, see Sherwin-Williams
General Paint, see Sherwin-Williams
Helios Group 340
Hempel A/S 342
HiChem Paint Technologies Proprietary, see RPM
International
House of Kolor, see Valspar
Jotun A/S 347
Kansai Paint Company Limited 353
KCC Corporation 356
Kemiflora Kaubandus OU, see Teknos
Kwal Paint, see Sherwin-Williams
Lindengruppen AB 360
Manfield Chemical Changzhou, see Teknos
Masco Corporation 363
Masterchem Industries, see Masco
Materis Holding Luxembourg SA 366
Modern Masters, see RPM International
Mohawk Finishing Products, see RPM International
National Paints Factories Company Limited 369
Nippon Paint Company Limited 371
NPA Coatings, see Nippon Paint
OKON, see RPM International
Pacific Paint Boysen Philippines Incorporated 374
Parker Paint Manufacturing, see Sherwin-Williams
Pettit Paints, see RPM International
Plasti-Kote, see Valspar
PPG Industries Incorporated 377
PPG Kansai Automotive Finishes US, see Kansai Paint and
PPG Industries
Rodda Paint, see Cloverdale Paint
RPM International Incorporated 389
Rust-Oleum, see RPM International
Sadolin Paints OmanOC, see Akzo Nobel
SCIB Paints, see Asian Paints India
ShawCor Limited 399
Sherwin-Williams Company 402
Socotherm, see ShawCor
Spraylat, see PPG Industries
Synta, see RPM International
TCI Powder Coatings, see RPM International
Teknos Oy 411
Tikkurila Oyj 416
Tintas Robbialac, see Materis
TOA-Chugoku Paints, see Chugoku Marine Paints and
TOA Paint Thailand
TOA Paint Thailand Company Limited 419
Tollens, see Materis Holdings Luxembourg
Tremco, see RPM International
Valspar Corporation 422
Vernis Claessens, see Materis Holding Luxembourg
Viapol Limitada, see RPM International
Wedevåg Färg, see Teknos OY
Yung Chi Paint and Varnish Manufacturing Company Limited 428
ZAO Empils 430
Zinsser, see RPM International
Zoplan, see Materis Holding Luxembourg

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 World Gross Domestic Product by Region 11
2 World Population by Region 13
3 World Gross Fixed Capital Formation by Region 15
4 World Building Construction Expenditures by Region 16
5 World Residential Building Construction Expenditures by Region 18
6 World Nonresidential Building Construction Expenditures by
Region 19
7 World Nonbuilding Construction Expenditures by Region 21
8 World Manufacturing Value Added by Region 23
9 World Motor Vehicle Production by Region 26
10 World Motor Vehicle in Use by Region 28

SECTION III -- OVERVIEW

1 World Paint and Coatings Demand 36
2 World Paint and Coatings Demand by Region 39
3 World Paint and Coatings Demand by Formulation 43
4 World Water-Based Paint and Coatings Demand by Region 46
5 World Solvent-Based Paint and Coatings Demand by Region 48
6 World Powder Coatings and Other Demand by Region 51
7 World Paint and Coatings Demand by Market 53
8 World Architectural Markets for Paint and Coatings by Segment and
Formulation 57
9 World Manufacturing Markets for Paint and Coatings by Segment and
Formulation 61
10 World Maintenance and Specialty Markets for Paint and Coatings by
Segment and Formulation 65
11 World Paint and Coatings Production by Region 67
12 World Paint and Coatings Net Exports by Region 70

SECTION IV -- NORTH AMERICA

1 North America: Paint and Coatings Supply and Demand 73
2 North America: Paint and Coatings Demand by Market and
Formulation 75
3 United States: Paint and Coatings Supply and Demand 79
4 United States: Paint and Coatings Demand by Market and Formulation
82
5 Canada: Paint and Coatings Supply and Demand 85
6 Canada: Paint and Coatings Demand by Market and Formulation 87
7 Mexico: Paint and Coatings Supply and Demand 91
8 Mexico: Paint and Coatings Demand by Market and Formulation 93

SECTION V -- WESTERN EUROPE

1 Western Europe: Paint and Coatings Supply and Demand 100
2 Western Europe: Paint and Coatings Demand by Market and
Formulation 102
3 Germany: Paint and Coatings Supply and Demand 106
4 Germany: Paint and Coatings Demand by Market and Formulation 108
5 France: Paint and Coatings Supply and Demand 111
6 France: Paint and Coatings Demand by Market and Formulation 113
7 Italy: Paint and Coatings Supply and Demand 116
8 Italy: Paint and Coatings Demand by Market and Formulation 118
9 United Kingdom: Paint and Coatings Supply and Demand 121
10 United Kingdom: Paint and Coatings Demand by Market and
Formulation 123
11 Spain: Paint and Coatings Supply and Demand 126
12 Spain: Paint and Coatings Demand by Market and Formulation 128
13 Netherlands: Paint and Coatings Supply and Demand 131
14 Netherlands: Paint and Coatings Demand by Market and Formulation
133
15 Other Western Europe: Paint and Coatings Supply and Demand 136
16 Other Western Europe: Paint and Coatings Demand by Market and
Formulation 138
17 Other Western Europe: Paint and Coatings Demand by Country 140

SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific: Paint and Coatings Supply and Demand 145
2 Asia/Pacific: Paint and Coatings Demand by Market and Formulation
147
3 China: Paint and Coatings Supply and Demand 151
4 China: Paint and Coatings Demand by Market and Formulation 155
5 India: Paint and Coatings Supply and Demand 158
6 India: Paint and Coatings Demand by Market and Formulation 161
7 Japan: Paint and Coatings Supply and Demand 164
8 Japan: Paint and Coatings Demand by Market and Formulation 167
9 South Korea: Paint and Coatings Supply and Demand 170
10 South Korea: Paint and Coatings Demand by Market and Formulation
172
11 Indonesia: Paint and Coatings Supply and Demand 175
12 Indonesia: Paint and Coatings Demand by Market and Formulation 177
13 Thailand: Paint and Coatings Supply and Demand 180
14 Thailand: Paint and Coatings Demand by Market and Formulation 182
15 Taiwan: Paint and Coatings Supply and Demand 185
16 Taiwan: Paint and Coatings Demand by Market and Formulation 187
17 Australia: Paint and Coatings Supply and Demand 190
18 Australia: Paint and Coatings Demand by Market and Formulation 192
19 Other Asia/Pacific: Paint and Coatings Supply and Demand 195
20 Other Asia/Pacific: Paint and Coatings Demand by Market and
Formulation 197
21 Other Asia/Pacific: Paint and Coatings Demand by Country 198

SECTION VII -- OTHER REGIONS

1 Central and South America: Paint and Coatings Supply and Demand 203
2 Central and South America: Paint and Coatings Demand by Market and
Formulation 205
3 Brazil: Paint and Coatings Supply and Demand 208
4 Brazil: Paint and Coatings Demand by Market and Formulation 210
5 Other Central and South America: Paint and Coatings Supply and
Demand 213
6 Other Central and South America: Paint and Coatings Demand by
Market and Formulation 215
7 Eastern Europe: Paint and Coatings Supply and Demand 218
8 Eastern Europe: Paint and Coatings Demand by Market and
Formulation 220
9 Russia: Paint and Coatings Supply and Demand 223
10 Russia: Paint and Coatings Demand by Market and Formulation 226
11 Poland: Paint and Coatings Supply and Demand 229
12 Poland: Paint and Coatings Demand by Market and Formulation 231
13 Other Eastern Europe: Paint and Coatings Supply and Demand 234
14 Other Eastern Europe: Paint and Coatings Demand by Market and
Formulation 236
15 Africa/Mideast: Paint and Coatings Supply and Demand 239
16 Africa/Mideast: Paint and Coatings Demand by Market and
Formulation 241
17 Turkey: Paint and Coatings Supply and Demand 244
18 Turkey: Paint and Coatings Demand by Market and Formulation 246
19 Iran: Paint and Coatings Supply and Demand 249
20 Iran: Paint and Coatings Demand by Market and Formulation 251
21 South Africa: Paint and Coatings Supply and Demand 254
22 South Africa: Paint and Coatings Demand by Market and Formulation
256
23 Other Africa/Mideast: Paint and Coatings Supply and Demand 259
24 Other Africa/Mideast: Paint and Coatings Demand by Market and
Formulation 261

SECTION VIII -- INDUSTRY STRUCTURE

1 World Paint and Coatings Sales by Company, 2012 264
2 Selected Acquisitions and Divestitures 273
3 Selected Cooperative Agreements 277

LIST OF CHARTS

SECTION III -- OVERVIEW
1 World Paint and Coatings Demand by Region, 2012 40
2 World Paint and Coatings Demand by Formulation and Region, 2002-
2022 43
3 World Paint and Coatings Demand by Market, 2012 54
4 World Paint and Coatings Production by Region, 2012 68
SECTION IV -- NORTH AMERICA
1 North America: Paint and Coatings Demand by Country, 2012 76
2 North America: Paint and Coatings Market Share, 2012 96
SECTION V -- WESTERN EUROPE
1 Western Europe: Paint and Coatings Demand by Country, 2012 103
2 Western Europe: Paint and Coatings Market Share, 2012 142
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Paint and Coatings Demand by Country, 2012 148
2 Asia/Pacific: Paint and Coatings Market Share, 2012 200
SECTION VIII -- INDUSTRY STRUCTURE
1 World Paint and Coatings Market Share by Company, 2012 266

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