The industrial paint market - Italy

The global industrial coatings market has been experiencing significant growth post-2020, with the estimated market size rising from $85.2 billion in 2020 to an expected $103.2 billion by 2025. Italy, being the third-largest market in Europe for paints and varnishes, has also demonstrated robust market dynamics. 

Despite the pandemic, Italian industrial paint manufacturers managed to maintain operations, thus limiting losses and ensuring the continuity of the supply chain. The Italian exports of industrial paints have shown a growth rate of 8.8% between 2018 and 2022, reaching $1.8 billion in 2022, and a substantial trade surplus is indicated by a coverage rate of 247%. The resilience of the market is also evidenced by the increase in the value of total turnover for enterprises active in the production of paints and varnishes, which saw continuous growth, with a slight decline in 2020.

Italian Industrial Paint Market Dynamics and Trends

In the analysis of the industrial paint market in Italy, we see several key trends and dynamics shaping the landscape of demand. First, Italy's market is prominently placed as the third largest in Europe, demonstrating a significant consumption rate of just under 500 million liters. The market for industrial paints is diverse and caters to a wide array of end-use industries, from automotive to aerospace and general industrial segments. One of the fastest-growing segments in quantity within this market is interior wall paint, which indicates a strong competitive and territorially fragmented landscape yet is concentrated in terms of production. Such growth is indicative of the market's responsiveness to aesthetic and protective needs across various applications. The industrial coatings market in Italy has witnessed fragmentation with around 600 companies engaged in the sector. Despite this fragmentation, the top ten companies still dominate, holding about 43 percent of the market share. Turning towards the financial aspects, the industrial coatings market is expected to expand from a value around $85 billion to over $100 billion in the mid-2020s, with a compound annual growth rate of approximately 3.9 to 5 percent. This projected growth signals an optimistic future for the industry post the challenges posed by the pandemic. Italian imports and exports of industrial paints have also followed an upward trajectory, growing annually to reach figures between $700 million and $1.8 billion, respectively.

Notably, Italy has maintained a high coverage rate in the industrial paint market, reaching 247 percent, which signifies its role as a global exporter of this commodity. When examining the performance of the market actors, there has been a slight decrease in the number of enterprises from 2016 to 2021; however, the total turnover of these enterprises has shown a general increase up, dropping slightly in 2020 to reach about $6.4 billion. This resilience in turnover suggests that although the market may be consolidating, overall revenues remain strong. Moreover, the distribution channels for industrial paints, particularly retail trade, have not been affected negatively by the pandemic as turnover continued to grow, marking a figure close to $13 billion in the latest figures. The value chain encompasses raw material suppliers, industrial paint manufacturers, and manufacturing industries, highlighting a traditional product pathway from inception to end consumer. In conclusion, Italy's industrial paint market demonstrates robust demand, with an encouraging outlook for growth and a strong position in international trade despite the hurdles brought on by global events. The ability to maintain and even increase turnover during these times indicates a sustained.

Key Market Players in the Global Industrial Paint Landscape

Spanning across various regions and catering to a multitude of industries, the key players in the industrial paint market exhibit diverse strengths, technological expertise, and strategic positioning to meet the demands of this vibrant sector.

• Sherwin-Williams: As a leader in the field, the U.S.-based Sherwin-Williams stands tall with its extensive portfolio catering to both industrial and consumer sectors. With a long history of innovation, Sherwin-Williams offers a broad range of coating solutions, from traditional paints to advanced materials that provide protection and aesthetics to a variety of surfaces. The company's commitment to sustainability and eco-friendly practices has also strengthened its reputation in the market.
• AkzoNobel: With a global footprint, AkzoNobel has established itself as a formidable presence in the coatings industry. Its products are engineered to cater to various end-use sectors, including automotive, aerospace, and construction. AkzoNobel's dedication to innovation is evident through its investment in R&D, which has enabled the company to develop coatings that offer superior performance and environmental benefits.
• Cromology: Cromology is a well-known entity in the market, particularly lauded for its vertical integration, which includes production sites, laboratories, logistics platforms, and a network of retail outlets. The French conglomerate's expansion into diverse paint and coating products has made it a go-to for customers seeking comprehensive solutions across Europe and beyond.
• Axalta Coating Systems: Axalta Coating Systems prides itself on over a century's worth of experience in developing, manufacturing, and selling a wide spectrum of performance and transportation coatings. Their expertise in color matching technology and durable finishes has made them a preferred partner for automotive and industrial manufacturers worldwide.
• Maestria: As a player devoted exclusively to the production of paint, Maestria brings forth expertise and quality in its offerings. The company ensures that its coatings meet industry requirements and standards, thereby providing clients with reliable and effective solutions.
• Beckers Group: Beckers Group navigates the industrial paint domain with a keen focus on coil coatings that are used extensively in construction and household appliances. Their tailored solutions aimed at specific industries have paved the way for the company's growth and customer satisfaction.
• PPG Industries: PPG Industries demonstrates its versatility by not only producing paints and coatings but also delving into various related chemical products.

Inforamtion

• Number of pages : 30 pages
• Format : Digital and PDF versions
• Last update : 12/07/2023

Summary and extracts

List of charts

• Global industrial coatings market value
• The world's leading paint and coatings companies by revenue
• Production value of paints, varnishes and enamels, printing inks and synthetic adhesives
• Exports, Imports, Paint Coverage Rate
• Number of enterprises engaged in the manufacture of paints, varnishes and enamels, printing inks and synthetic adhesives
• Breakdown by legal form of the number of enterprises active in the manufacture of paints, varnishes and enamels, printing inks and synthetic adhesives
• Total turnover of enterprises engaged in the manufacture of paints, varnishes and enamels, printing inks and synthetic adhesives
• Number of enterprises engaged in the retail trade of hardware, paint, flat glass, and electrical and plumbing equipment.
• Total turnover of enterprises engaged in retail trade in hardware, paint, flat glass and building materials in specialized establishments
• Passenger car registrations
• Household spending on furniture and furnishings