The paint market - France

building paints consumer and decorative paints

Industrial sector (not included in the study)

industrial paints anti-corrosion paints marine paints body paints

Varnishes and miscellaneous coatings

This study only takes into account building paints and decorative paints. A Businesscoot study on industrial paint is available here. The market for paints, varnishes and coatings is closely linked to the economic health of these different sectors and outlets. In this way, activity levels in the building and decorative paints segments are closely linked to the real estate and construction sector, while the economic performance of the automotive sector directly influences demand for industrial paints. The global paint market is growing, driven in particular by the dynamism of the Asian region. This growth can also be explained by the worldwide rise in construction spending or the growth of the automotive sector. Socio-economic factors must also be taken into account, such as the continuing increase in the world's urban population, in consumer spending on housing and, more generally, in rising living standards. Driven by the Covid-19 epidemic, the paint market is forecasting sales growth of around 22% in 2020. In 2021, the market was still performing better than before the crisis. In 2022, the sector continues to grow. Paint manufacturers regularly innovate in the composition of their paints, and offer new utilities to the simple function of coating. For example, there are fire-resistant paints, chalk paints and insulating paints on the market. And, with growing environmental awareness, manufacturers in the market are having to develop new products that are more respectful of the environment, or free of volatile organic compounds such as lead, which has been banned from paint composition since 2004.