Industry Statistics and Trends
Paint, Coatings & Printing Ink Manufacturing in Europe key trends
Automotive production sales drive coatings demand.
Strong vehicle output in 2023 boosted revenue as vehicle manufacturers are primary buyers of coatings with scratch and corrosion-resistant properties.
Printing inks will become highly specialised.
While printed media is in long-term decline, demand for niche, highly-specialised inks supports a small sales revival.
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Paint, Coatings & Printing Ink Manufacturing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Paint, Coatings & Printing Ink Manufacturing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 4.6 % over the past five years, to reach an estimated €60.2bn in 2024.
Trends and Insights
A mild winter and ample supply lowers titanium dioxide price
- The price of titanium dioxide (essential for opacity and brightness in paints and coatings) settled at US$3,390 (€3123.20) in December 2023 on the Belgian market, marking a fall in price compared to September 2023, according to ChemAnalyst.
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Paint, Coatings & Printing Ink Manufacturing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
The future of printing inks is in limbo
- The rapid digitalisation of everyday life has substantially cut the reliance on printed media and documents. Newspaper publishers are focusing their resources towards their online presence, the widespread uptake of e-readers eats into sales of books and paperless transactions and businesses are becoming the norm.
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Revenue
€60.2bn
Employees
246k
Wages
€X.Xbn
European Leaders & Laggards
Top 5 Countries
- Russia +8.9%
- Romania +7.9%
- Netherlands +7.6%
- Greece +6.6%
- Turkey +6.4%
Bottom 5 Countries
- Bosnia & Herzegovina -4.2%
- Cyprus -4.1%
- Denmark -3.9%
- Ireland-2.6%
- Slovakia -2.5%
* CAGR values are for the years 2019-2024.
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Biggest companies in the Paint, Coatings & Printing Ink Manufacturing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Akzo Nobel NV | 11,831.8 | 142.0 | 1.2 | |
PPG Industries Inc | 17,543.0 | 965.2 | 5.5 | |
BASF SE | 91,831.2 | 6,892.6 | 7.5 |
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Paint, Coatings & Printing Ink Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Paint, Coatings & Printing Ink Manufacturing industry in Europe in 2024?
The market size of the Paint, Coatings & Printing Ink Manufacturing industry in Europe is €60.2bn in 2024.
How many businesses are there in the Paint, Coatings & Printing Ink Manufacturing in Europe industry in 2024?
There are 6,447 businesses in the Paint, Coatings & Printing Ink Manufacturing industry in Europe, which has grown at a CAGR of 0.9 % between 2019 and 2024.
Has the Paint, Coatings & Printing Ink Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Paint, Coatings & Printing Ink Manufacturing industry in Europe has been declining at a CAGR of 0.9 % between 2019 and 2024.
What is the forecast growth of the Paint, Coatings & Printing Ink Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Paint, Coatings & Printing Ink Manufacturing industry in Europe is expected to decline.
What are the biggest companies in the Paint, Coatings & Printing Ink Manufacturing market in Europe?
The biggest companies operating in the Paint, Coatings & Printing Ink Manufacturing market in Europe are Akzo Nobel NV, PPG Industries Inc and BASF SE
What does the Paint, Coatings & Printing Ink Manufacturing in Europe include?
Decorative paints and Industrial coatings are part of the Paint, Coatings & Printing Ink Manufacturing industry.
Which companies have the highest market share in the Paint, Coatings & Printing Ink Manufacturing in Europe?
The company holding the most market share in Europe is Akzo Nobel NV.
Which countries have the most businesses in the Paint, Coatings & Printing Ink Manufacturing industry in Europe?
The European country with the most businesses in the Paint, Coatings & Printing Ink Manufacturing industry is Russia.
How competitive is the Paint, Coatings & Printing Ink Manufacturing industry in Europe?
The level of competition is moderate and steady in the Paint, Coatings & Printing Ink Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Paint, Coatings & Printing Ink Manufacturing in Greece
- Paint, Coatings & Printing Ink Manufacturing in Romania
- Paint, Coatings & Printing Ink Manufacturing in Norway
- Paint, Coatings & Printing Ink Manufacturing in Switzerland
- Paint, Coatings & Printing Ink Manufacturing in Poland
- Paint, Coatings & Printing Ink Manufacturing in Ireland
- Paint, Coatings & Printing Ink Manufacturing in Finland
- Paint, Coatings & Printing Ink Manufacturing in Bulgaria
- Paint, Coatings & Printing Ink Manufacturing in Austria
- Paint, Coatings & Printing Ink Manufacturing in France
- Paint, Coatings & Printing Ink Manufacturing in Lithuania
- Paint, Coatings & Printing Ink Manufacturing in the Netherlands
- Paint, Coatings & Printing Ink Manufacturing in Hungary
- Paint, Coatings & Printing Ink Manufacturing in Denmark
- Paint, Coatings & Printing Ink Manufacturing in Malta
- Paint, Coatings & Printing Ink Manufacturing in Croatia
- Paint, Coatings & Printing Ink Manufacturing in Slovenia
- Paint, Coatings & Printing Ink Manufacturing in Luxembourg
- Paint, Coatings & Printing Ink Manufacturing in Russia
- Paint, Coatings & Printing Ink Manufacturing in Slovakia
- Paint, Coatings & Printing Ink Manufacturing in Turkey
- Paint, Coatings & Printing Ink Manufacturing in Cyprus
- Paint, Coatings & Printing Ink Manufacturing in Estonia
- Paint, Coatings & Printing Ink Manufacturing in Iceland
- Paint, Coatings & Printing Ink Manufacturing in Europe
- Paint, Coatings & Printing Ink Manufacturing in Spain
- Paint, Coatings & Printing Ink Manufacturing in Portugal
- Paint, Coatings & Printing Ink Manufacturing in Serbia
- Paint, Coatings & Printing Ink Manufacturing in Belgium
- Paint, Coatings & Printing Ink Manufacturing in Italy
- Paint, Coatings & Printing Ink Manufacturing in Czechia
- Paint, Coatings & Printing Ink Manufacturing in Sweden
- Paint, Coatings & Printing Ink Manufacturing in Latvia
- Paint, Coatings & Printing Ink Manufacturing in Bosnia & Herzegovina
Table of Contents
About this industry
Industry definition
Companies in this industry are predominantly involved in the manufacture of paints, varnishes and similar coatings (including enamels or lacquers), along with mastics and sealants. The industry also includes those involved in the manufacture of printing ink.
Related Terms
Printing InksVarnishPigmentsWhat's included in this industry?
Decorative paintsIndustrial coatingsPrinting inksOtherCompanies
Akzo Nobel NVPPG Industries IncBASF SEIndustry Code
2022 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics in Europe
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Performance
Key Takeaways
A mild winter and ample supply lowers titanium dioxide price
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Paint, Coatings & Printing Ink Manufacturing in Europe industry (2011 -2029)
- Employees in the Paint, Coatings & Printing Ink Manufacturing in Europe industry (2011 -2029)
- Business in the Paint, Coatings & Printing Ink Manufacturing in Europe industry (2011 -2029)
- Profit in the Paint, Coatings & Printing Ink Manufacturing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Paint, Coatings & Printing Ink Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Paint, Coatings & Printing Ink Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Paint, Coatings & Printing Ink Manufacturing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Paint, Coatings & Printing Ink Manufacturing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Less toxic paints soar in popularity. Paints with fewer VOCs and made from bio-based materials are growing in popularity as downstream users look to minimise their environmental footprint.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Paint, Coatings & Printing Ink Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Paint, Coatings & Printing Ink Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Paint, Coatings & Printing Ink Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
There’s some diversity in paint and ink offerings. While a handful of large multinational manufacturers dominate the industry, some regional and niche operators are gaining market share.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Akzo Nobel NV
- Countries of operation for PPG Industries Inc
- Countries of operation for BASF SE
- Countries of operation for Nippon Paint Holdings Co. Ltd
- Countries of operation for Hempel A/S
- Countries of operation for Axalta Coating Systems Ltd
- Countries of operation for DAW SE
- Countries of operation for Jotun A/S
- Countries of operation for Teknos Group OY
- Countries of operation for San Marco Group SpA
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Stringent regulations are in place. The EU has implemented strict laws to regulate Volatile Organic Compounds and other potentially harmful substances in paints.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Paint, Coatings & Printing Ink Manufacturing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
High operating costs have dented profit. Strong demand for sustainable paints has been compounded by rocketing energy and raw materials costs, squeezing profit.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Paint, Coatings & Printing Ink Manufacturing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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