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).
Key Highlights
- 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.
Italy Architectural Coatings Market Trends
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 Overview
The Italy Architectural Coatings Market is fragmented, with the top five companies occupying 30.31%. The major players in this market are AkzoNobel N.V., Brillux GmbH & Co. KG, DAW SE, Nippon Paint Holdings Co., Ltd. and PPG Industries, Inc. (sorted alphabetically).
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- The market estimate (ME) sheet in Excel format
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