Top 5 Trends in Paint and Coating Production

Strategy Briefing

About This Report

Feb 2018

The global paints and varnishes industry is being driven by a recovering construction sector and strong automotive production in Asia Pacific. Meanwhile, producers of paints and varnishes are driven by megatrends such as the rise in healthy living and digital demand, smart cities and environmental concerns.

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Top 5 Trends in Paint and Coating Production

RECOVERING CONSTRUCTION SECTOR GLOBALLY AND GROWTH OF SMART CITIES

As producers of paints and varnishes enter 2018,the industry is embracing recovering construction activity and demand for paints in the largest economies of the world.

ASIA PACIFIC TO BECOME THE STRONGEST AUTOMOTIVE REGION

Rapidly growing demand in emerging Asia Pacific markets is expected to be the key growth driver.The largest global players are seizing the opportunity.

RISE IN HEALTHY LIVING TRANSFORMS PRODUCT OFFERINGS

Consumers and socio-ecological issues all play a significant role in shaping the paints and coatings industry. Sustainability is becoming an integral part of input selection and final product qualities, including renewable raw materials, new environmentally friendly technologies, and responsible manufacturing.

DIGITAL TECHNOLOGIES AT THE CORE OF PRODUCT DIFFERENTIATION STRATEGIES

Significant changes in the way consumers shop, and companies operate, with more and more going online, are making an impact. Some manufacturers are reducing their store footprints.

GROWING CONSOLIDATION

Companies that used to concentrate on a specific region now span several continents. For large B2B clients such as automotive or construction, suppliers with a reliable global footprint become critical.

Recovering Construction Sector Globally and Rise in Smart Cities

Construction output growth accelerating in developing economies
Rise in smart cities drives demand for smart high-performance coatings

Asia Pacific to Become the Strongest Automotive Region

Asia Pacific to lead in automotive production and coating demand
New product development is driven by improved performance qualities

Rise in Healthy Living Transforms Product Offerings

Rise in healthy living is transforming product offerings

Digital Technologies at the Core of Product Differentiation Strategies

Digital technologies at the core of company differentiation strategies

Growing Consolidation

Growing consolidation to increase market share and enhance innovation