Market Size of italy architectural coatings Industry
Icons | Lable | Value |
---|---|---|
Study Period | 2016 - 2028 | |
Market Size (2024) | USD 1.87 Billion | |
Market Size (2028) | USD 1.99 Billion | |
Largest Share by Sub End User | Residential | |
CAGR (2024 - 2028) | 1.57 % | |
Fastest Growing by Sub End User | Commercial | |
Market Concentration | High | |
Major Players |
||
*Disclaimer: Major Players sorted in no particular order |
Italy Architectural Coatings Market Analysis
The Italy Architectural Coatings Market size is estimated at USD 1.87 billion in 2024, and is expected to reach USD 1.99 billion by 2028, growing at a CAGR of 1.57% during the forecast period (2024-2028).
- Largest Segment by End-user - Residential : The growth of residential coatings declined after observing a spike in 2017, owing to reduced new residential constructions, combined with the maturing repainting market.
- Largest Segment by Technology - Waterborne : Growing improved waterborne coatings innovations and VOC regulations, combined with high DIY growth from last year, are increasing waterborne coatings' share in the country.
- Largest Segment by Resin - Acrylic : Acrylic is the largest and fastest-growing resin type in Italy due to the increasing share of the waterborne segment, along with the support of the green building movement.
This section covers the major market trends shaping the Italy Architectural Coatings Market according to our research experts:
Residential is the largest segment by Sub End User.
- In Italy, during 2016-2019, architectural paint consumption increased by a CAGR of 0.95%. A major rise was observed in 2017 and 2018, mainly due to a rise in the construction of new houses, accompanied by growth in residential remodeling. Furthermore, in 2018, the consumption of architectural coatings was driven by the growth in the commercial sector.
- In 2020, even though both new and remodeling commercial paint consumption showed contraction, the high growth in the residential DIY segment drove the relatively high growth of the total architectural paint consumption.
- The share of the remodeling paint consumption is relatively high compared to other countries in the region due to the high emphasis on the color fashion indicated by the high DIY paint percentage in Italy. Additionally, commercial paint consumption share is increasing due to relatively high commercial paint growth.
Italy Architectural Coatings Industry Segmentation
Commercial, Residential are covered as segments by Sub End User. Solventborne, Waterborne are covered as segments by Technology. Acrylic, Alkyd, Epoxy, Polyester, Polyurethane are covered as segments by Resin.
Sub End User | |
Commercial | |
Residential |
Technology | |
Solventborne | |
Waterborne |
Resin | |
Acrylic | |
Alkyd | |
Epoxy | |
Polyester | |
Polyurethane | |
Other Resin Types |
Italy Architectural Coatings Market Size Summary
The Italy Architectural Coatings Market is experiencing a steady growth trajectory, driven by various factors such as technological advancements and regulatory changes. The market is characterized by a significant shift towards waterborne coatings, propelled by innovations and stringent VOC regulations. This shift is further supported by the increasing popularity of DIY projects, which have contributed to the rising demand for waterborne solutions. Acrylic resins are leading the market, benefiting from the expansion of the waterborne segment and the broader green building movement. The residential sector remains the largest end-user, although its growth has moderated due to a slowdown in new residential constructions and a mature repainting market. The commercial sector, however, is witnessing an uptick in paint consumption, reflecting a broader trend of increased commercial paint growth.
The market landscape in Italy is fragmented, with a few key players holding a substantial share. Companies like AkzoNobel N.V., Brillux GmbH & Co. KG, DAW SE, Nippon Paint Holdings Co., Ltd., and PPG Industries, Inc. are prominent in this space. Recent developments include product launches and expansions aimed at enhancing product offerings and market reach. For instance, Valpaint introduced a versatile paint solution for interior design, while PPG expanded its capabilities with a new color automation laboratory in Milan. These strategic moves underscore the dynamic nature of the market, as companies strive to innovate and cater to evolving consumer preferences and regulatory requirements.
Italy Architectural Coatings Market Size - Table of Contents
-
1. MARKET SEGMENTATION
-
1.1 Sub End User
-
1.1.1 Commercial
-
1.1.2 Residential
-
-
1.2 Technology
-
1.2.1 Solventborne
-
1.2.2 Waterborne
-
-
1.3 Resin
-
1.3.1 Acrylic
-
1.3.2 Alkyd
-
1.3.3 Epoxy
-
1.3.4 Polyester
-
1.3.5 Polyurethane
-
1.3.6 Other Resin Types
-
-
Italy Architectural Coatings Market Size FAQs
How big is the Italy Architectural Coatings Market?
The Italy Architectural Coatings Market size is expected to reach USD 1.87 billion in 2024 and grow at a CAGR of 1.57% to reach USD 1.99 billion by 2028.
What is the current Italy Architectural Coatings Market size?
In 2024, the Italy Architectural Coatings Market size is expected to reach USD 1.87 billion.