Italy Protective Coatings Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Italy Protective Coatings Market Analysis
Italy's Protective Coatings Market was valued at USD 300 million by the end of this year, and the market is projected to register a CAGR of over 3.5% during the forecast period.
COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily.
- The driving factors that tend to the market growth include initiatives and policies from the government for the development of infrastructure, increasing revenue generation from various industries such as plastics, pharmaceutical among others, and a rising trend of a shift in focus towards bio-based coatings are the key market trends that are driving the market.
- The infrastructure sector dominated the market and will likely continue its dominance during the forecast period.
- The Russia-Ukraine war has impacted the supply chain, causing a hike in raw materials prices and creating a hindrance in the market.
- The growing options for bio-based coatings are further likely to provide opportunities for the studied market during the forecast period.
Italy Protective Coatings Market Trends
This section covers the major market trends shaping the Italy Protective Coatings Market according to our research experts:
The Rise in Demand from the Infrastructure Sector
- The infrastructure sector is one of the major end users of protective coatings. The industry requires corrosion and environmental effects-resistant coatings due to exposure of infrastructure surfaces to heat & sunlight, water, and acid rain, dust, and other chemical effects.
- The infrastructure sector uses protective coatings for bridges and coastal Structures, including roads and rail structures, Water Treatment, public power generation, transmission, and other infrastructure, including public buildings. Moreover, organizations in Italy are shifting focus towards strict environmental regulations, which has led to an increased demand for sustainable coating systems with lesser VOCs and longer life, which may be effective in protecting assets.
- In 2022, as a part of the 2022-2021 Industrial Plan of Italy, rail transport is one of the significant areas to be focussed on in terms of economic generation. For instance, the Italian railway company FS has planned to invest around 190 billion USD in overland transport and 160 billion USD in infrastructure to improve the rail infrastructure over the next ten years.
- Moreover, in 2022, the Italian authorities planned to invest USD 3.9 billion in improving water infrastructure and reducing leaks in cities and farming areas, thus likely creating demand for protective coatings.
- All the above factors are expected to augment the demand for protective coatings for the infrastructure sector during the forecast period.
Positive Growth in the demand for Industry and Processing
- With increasing urbanization and demand for better products in Italy, companies have scaled up production with more efficient processes and increased manufacturing units so as to cater to each and every segment of the country. The increase in demand for more manufacturing units has created a growth in the demand for protective coatings in Italy.
- Various industries including Food Processing Industry, Pulp, and Paper Industry, pharmaceutical industry, and warehouses among others are witnessing a growth in the demand for end-user products which has indirectly led to the setup of new units, thus causing a hike in the demand for protective coatings in the region.
- For instance, in 2021, food retail sales in Italy reached USD 167.8 billion which is an increase of 2.9% in comparison to 2020. In addition, after a 3% contraction in 2020, Italian food & beverages value-added output rebounded by 4% in 2021. Moreover, dairy production and processing have also witnessed growth post-pandemic with a year-on-year change in value-added output of 1.9% growth in 2021 after a contraction of 2.8% in 2020.
- Post-pandemic, the country is witnessing a hike in the pharmaceutical sector with the demand in construction of warehouses and manufacturing units which has led to an increased production of pharmaecutical products in the market. For instance, GXO, one of the largest logistics provider, has opened a new 20,000-square-meter facility in June 2022 to cater to the demand for deliveries to hospitals, clinics, laboratories, pharmacies and wholesalers.
- All the above-mentioned factors are expected to have a positive impact on the demand for protective coatings for the industry and processing sector during the forecast period.
Italy Protective Coatings Industry Overview
The Italy protective coatings market is fragmented in nature. Some of the major players in the market (not in any particular order) include RPM International Inc, AkzoNobel NV, Jotun, The Sherwin-Williams Company, and PPG Industries, among others.
Italy Protective Coatings Market Leaders
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RPM International Inc,
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AkzoNobel NV
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Jotun
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The Sherwin-Williams Company
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PPG Industries, Inc.
*Disclaimer: Major Players sorted in no particular order
Italy Protective Coatings Market News
- In February 2022, PPG acquired Arsonsisi's Powder Coatings Business in Italy to expand its general industrial coatings product portfolio.
Italy Protective Coatings Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 The Rise in Demand from the Infrastructure sector
4.2.2 Increasing Activity in the Oil and Gas Sector.
4.3 Market Restraints
4.3.1 Price Hikes of Raw Materials due to Supply Chain Disruption
4.3.2 Other Restraints
4.4 Industry Value Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size in Value)
5.1 Resin Type
5.1.1 Epoxy
5.1.2 Acrylic
5.1.3 Alkyd
5.1.4 Polyurethane
5.1.5 Polyester
5.1.6 Other Resin Type
5.2 Technology
5.2.1 Water Borne Coatings
5.2.2 Solvent Borne Coatings
5.2.3 Powder Coatings
5.2.4 UV Cured Coatings
5.3 End User Industry
5.3.1 Oil and Gas
5.3.2 Mining
5.3.3 Power
5.3.4 Infrastructure
5.3.5 Other End User Industry
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%) **/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Aemme Colors
6.4.2 AkzoNobel N.V.
6.4.3 Arsonsisi S.p.A
6.4.4 Axalta Coating Systems
6.4.5 Beckers Group
6.4.6 Helios Coatings
6.4.7 Hempel A/S
6.4.8 Jotun
6.4.9 PLP Coatings
6.4.10 MIPA SE
6.4.11 PPG Industries Inc.
6.4.12 RPM International Inc
6.4.13 The Sherwin Williams Company
6.4.14 Zetagi S.r.l
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Bio-Based Coatings for Sustainable Solutions
Italy Protective Coatings Industry Segmentation
Protective Coatings are made of various raw materials, including resins, additives, pigments, solvents, and other materials. They are used to protect infrastructure, petrochemical industries, and oil and gas industries from corrosion environmental effects, including acid rain, among others. The market is segmented based on resin, technology, and the end-user industry. By resin type, the market is segmented into Resin Epoxy, Acrylic, Alkyd, Polyurethane, Polyester, and Other Resin Types. The market is segmented by technology: Water borne Coatings, Solvent Borne Coatings, Powder Coatings, and UV Cured Coatings. By End-User Industry, the market is segmented into Oil and Gas, Mining, Power, Infrastructure, and Other End-User Industries. The report also covers the market size and forecasts for the Italy Protective Coatings market. The report offers market size and forecasts for revenue (USD million) for all the above segments.
| Resin Type | |
| Epoxy | |
| Acrylic | |
| Alkyd | |
| Polyurethane | |
| Polyester | |
| Other Resin Type |
| Technology | |
| Water Borne Coatings | |
| Solvent Borne Coatings | |
| Powder Coatings | |
| UV Cured Coatings |
| End User Industry | |
| Oil and Gas | |
| Mining | |
| Power | |
| Infrastructure | |
| Other End User Industry |
Italy Protective Coatings Market Research FAQs
What is the current Italy Protective Coatings Market size?
The Italy Protective Coatings Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)
Who are the key players in Italy Protective Coatings Market?
RPM International Inc,, AkzoNobel NV, Jotun, The Sherwin-Williams Company and PPG Industries, Inc. are the major companies operating in the Italy Protective Coatings Market.
What years does this Italy Protective Coatings Market cover?
The report covers the Italy Protective Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Italy Protective Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Italy Protective Coatings Industry Report
Statistics for the 2024 Italy Protective Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Italy Protective Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Italy Protective Coatings Report Snapshots
