Abstract
The coatings and paint industry has matured in the United States. As a result, most of the Western companies are focusing on two markets -- Eastern Europe and Asia Pacific. Major growth opportunities are in the Chinese and Indian coatings market. While the Chinese coating industry has grown by a hopping 30% in 2006, backed by continued and rapid development in its economy in 2006, the Indian paint industry has huge growth potential as per capita current consumption of coatings is very low compared to the developed countries. Supported by strong growth in new house construction coupled with robust growth in automotive industry, the Indian paint industry is expected to grow at 16-17% over the next few years. The automotive coatings market is growing on the back of increasing new car sales in Europe and growth in car manufacturing in China. After years of difficult market conditions related to both new car sales and low consumer spending, European car sales is improving with improving consumer confidence. The Chinese automotive coatings market is expanding in the wake of larger investments in car manufacturing plants. Car production in China is growing four times faster than the rest of the world. All major multinational producers of automotive coatings are active in the country, supplying leading international automobile manufacturers which have been setting up or acquiring plants in China. The report analyzes the market opportunities in the coatings and paint industry. It assesses the coatings market of three regions -- North America, Europe and Asia Pacific. The report is also a study of the various coatings technologies that are revolutionizing the industry like the TiO2 photocatalytic paints and in-mold plastic coatings. The report further captures the factors driving growth in the Asia Pacific and the Eastern European regions. The competitive landscape of the coatings industry has been analyzed and major business strategies of three global coatings giants -- Akzo Nobel, PPG Industries and Sherwin-Williams studied in the report.
Table of Contents
- 1. Market Overview
- 1.1 Industry Definition: Paint and Coatings
- 1.2 Market Size and Growth
- 1.3 Growth of Coatings Industry by Geography
- 2. North American Coatings Market
- 2.1 US Coatings Market
- 2.1 Canadian Coatings Market
- 3. European Coatings Market
- 4. Asian Coatings Industry
- 4.1 Chinese Coatings Market
- 4.2 Indian Coatings Market
- 5. Market Drivers
- Increase in new car sales to drive coatings market growth in Europe
- Asian markets -- the engine of growth for the coatings industry
- Mobile phones and Automotive driving Chinese coating market
- Automotive industry driving growth in the Indian paints industry
- 6. Market Challenges
- Slowdown in housing starts in the US
- Rising interest rates in India
- Margins might be affected due to vulnerability in crude oil prices
- Compliance to environmental regulations
- 7. Coating Technologies
- Powder Coatings Technology -- Environment regulation driving growth
- In-mold plastic coatings -- Major demand in automotive sector
- Major R&D in smart coating technologies
- TiO2 photocatalytic paints -- Broader functionality
- 8. Competitive Landscape
- 9. Company Analysis
- 9.1 Akzo Nobel
- Company Profile
- Business Strategies
- 9.2 PPG Industries
- Company Profile
- Business Strategies
- 9.3 Sherwin Williams
- Company Profile
- Business Strategies
- 9.1 Akzo Nobel
- 10. Market Forecast
- Tables and Charts
- Figure 1.1 Global Coatings Market: 2005 and 2006
- Figure 1.2: Global Coatings Market by Geography: 2006
- Figure 2.1 US Coatings Market by Segment (Architectural & Industrial): 2000-06
- Figure 2.2: US Architectural coatings market by segment (value and % Share): 2006
- Figure 2.3: US Architectural coatings market by Customer Type: 2006
- Figure 2.4: US coatings market by Sales Channel: 2006
- Figure 2.5: Canadian coatings market Sales: 2001 - 2006
- Figure 4.1: Market Size of the Chinese Paint Industry: 2005 & 2006
- Figure 4.2 Architectural segment composition by % value (2006)
- Figure: 4.3: Industrial segment composition by % value (2006)
- Figure 5.1: New car registration in Europe
- Figure 5.2: Chinese coating market by consumer segments: 2006
- Figure 6.1 New home constructions in the US: 2000 -- 2006
- Figure 8.1: Market Share and Operating Margin of Top 5 Coatings companies: 2006
- Figure 10.1 Global Coatings Market Forecast: 2007-2010
- Table 4.1: Coating production by major Producers: 2006
