Global coatings and paints market - significant concentration in first half of 2020

Global market contraction for coatings and paints in the first half of 2020.
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A recent analysis by the market research company Chem Research of the growth of the global market for paints and coatings in the first half of 2020 shows a global market contraction of about -9% in Euro value.The top 11 global coatings and paints companies, which account for around 50% of this market, posted a 10% year-on-year decline in sales in the first six months of 2020. Compared to a year earlier, sales fell by -2% in the first quarter and -17% in the second quarter of 2020. According to the study, companies serving the decorative paint market fared better than suppliers focused on industrial coatings. To some extent the stabilizing effect of the decorative paint demand compensated for the dramatic volume losses in the industrial coating sector. In many parts of the world building construction an espacially the DYS activities continued despite the severe lockdown measures imposed in the second quarter of 2020. Starting in June 2020 the manufacturing sector showed some signs of recovery. This positive market trend differed across the regional markets and the classes of industrial goods produced. The diverse evolution of the two segments - decorative paints and industrial coatings – has led to a shift in market shares and portfolio composition. The decorative paints gained nearly 4 % market share the at the expense of industrial coatings in the first half of 2020 compared to 2019.

The details of this analysis are part of Chem Research’s new ongoing market intelligence program entitled "The TOP 11 Global Paint and Coating Producers, a Benchmarking Study". Further information can be found at www.chem-research.com.

Author(s): Wi

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