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1 Market summary

1.1 Definition and scope of study

The paint industry includes several segments: building paints, consumer paints, industrial paints, anti-corrosion paints, marine paints and finally bodywork paints. [ FIPEC This study will focus on paints for buildings mainly.

Within this sector and decorative paints, the paint work market covers all work carried out by specialised companies or craftsmen using this type of coating.

Paint manufacturers in Belgium are struggling to make sustainable progress; their growth is almost nil, a trend due to a intense global competition (presence of major world leaders in Belgium) as well as the growing interest of individuals in alternatives to paints as wall coverings .

However, the painting sector in Belgium is progressing at a steady pace, driven by regulations promoting the renovation of buildings (advantageous VAT rates).

The sector is finally suffering a growing environmental awareness and must therefore develop new products that are more environmentally friendly, with fewer volatile organic compounds (organic compounds that are greenhouse gases that evaporate at low temperatures) for example.


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Latest news

Paints: AkzoNobel invests 20 million euros in France - 12/07/2022
  • AkzoNobel invests 20 million euros in two of its seven sites in France, at Pamiers (09) and Montataire (60)
Axalta commits to new sustainability goals - 27/04/2022
  • Achieving carbon neutrality by 2040
  • Assess internal and external ESG risks
  • 80% of Axalta's new product developments offer sustainability benefits
AkzoNobel Paints set for strong growth in 2021 - 09/02/2022
  • AkzoNobel sales up 6.9% in 2019 to €20.4 billion
  • Integration of US company PPG
  • redeployment of paint business to higher-growth markets
  • Net income 1.5 billion euros

Companies quoted in this study

This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :

PPG Industries
Martin Mathys
Boss paint
Oxyplast Belgium
De Waal
Vercammen & Co
Axalta Coating Systems

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The Building Painting Market | Belgium

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  • What are the figures on the size and growth of the market?
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