United Kingdom Paints & Coatings Market By Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, Others), By Application (Architectural, Industrial, Others), By Region, Competition, Forecast and Opportunities, 2019-2029F
United Kingdom Paints Coatings Market was valued at USD 2.76 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 3.84% through 2029.The government's stringent regulations on Volatile Organic Compounds (VOC) have compelled manufacturers to innovate and develop environmentally friendly products in line with the global focus on sustainability. There is a heightened awareness and preference for Leadership in Energy and Environmental Design (LEED)-certified products among consumers who are increasingly mindful of their environmental footprint.
Another thriving sector in the UK paints and coatings market is the segment encompassing paint, wallpaper, and supplies. With an extensive array of colors, textures, and finishes, consumers now have more choices to reflect their individual style and create distinctive living spaces. This diversity has fueled market growth and heightened demand for premium decorative coatings.
The market has encountered challenges such as fluctuating prices of raw materials and the repercussions of Brexit on trade and regulations. The UK paints and coatings industry has demonstrated resilience and adaptability, with manufacturers devising innovative strategies to navigate these hurdles.
Key Market Drivers
Growth in Construction Industry
A flourishing construction industry directly influences the need for paints and coatings, which play crucial roles in both enhancing aesthetics and providing protection in construction projects. As the construction of residential and commercial buildings continues to surge, so does the demand for paints and coatings.
Various factors have fueled the rise in construction activities across the UK. Significant investments in infrastructure projects, such as road and rail networks, have spurred extensive construction endeavors. Efforts to address population growth through housing developments and support business expansion through commercial construction projects have further fueled construction industry growth.
This resurgence in construction activity has spurred a notable increase in the demand for paints and coatings, providing substantial momentum to the market. Architectural coatings, a significant segment of the paints and coatings market, have particularly reaped the benefits of the construction boom. In 2021, this segment accounted for a substantial 68.25% share of the UK paints and coatings market.
The uptick in the construction sector has resulted in heightened demand for architectural coatings, extensively utilized in both interior and exterior applications in buildings. These coatings not only enhance the visual appeal of structures but also offer vital protection against weathering, moisture, and other environmental elements.
Surge in Technological Advancements
In the dynamic realm of paints and coatings, technological innovation serves as a cornerstone for elevating product performance, versatility, and overall customer satisfaction. The relentless pursuit of technological advancements has catalyzed a transformation in the industry, giving rise to paints and coatings of unparalleled quality characterized by enhanced durability, flawless finish, and exceptional application properties.
Among the most remarkable and captivating advancements in the paints and coatings sector is the emergence of smart coatings. Representing a pinnacle of innovation, these cutting-edge coatings possess the remarkable ability to intelligently respond to environmental stimuli. Equipped with self-healing capabilities, superior corrosion resistance, and even antimicrobial properties, smart coatings epitomize the convergence of technology and functionality, offering unprecedented benefits to end-users.
The growing adoption of smart coatings across diverse industries heralds a new era of possibilities and opportunities within the paints and coatings market in the UK. As businesses increasingly recognize the value proposition presented by these innovative solutions, a surge in demand is anticipated, paving the way for substantial growth and evolution within the industry landscape. Smart coatings, with their transformative capabilities, are poised to redefine standards of performance and pave the path for a future where functionality and innovation converge seamlessly.
Key Market Challenges
Volatility in Price of Raw Materials
The paints and coatings industry relies heavily on a variety of raw materials, including resins, pigments, solvents, and additives, to achieve the desired properties, performance, and aesthetics of its final products. The volatile nature of raw material prices can have a significant impact on production costs, thereby influencing the overall profitability of businesses operating within this sector.
The fluctuation in raw material prices presents a significant challenge for the UK paints and coatings market. These price fluctuations, which are not unique to this industry but affect various sectors such as supermarkets, white goods, electronics, and automotive, can be unpredictable and challenging to navigate. This unpredictability makes effective planning and budgeting difficult for businesses. The resulting increase in production costs may lead to higher product prices, potentially dampening consumer demand.
The volatility in raw material prices represents an ongoing and multifaceted challenge for the UK paints and coatings market. As businesses grapple with this issue, it becomes imperative to implement effective strategies to mitigate its impact and ensure sustained growth and profitability. These strategies can include diversifying suppliers, exploring alternative raw materials, and implementing efficient inventory management systems. By proactively addressing the challenges associated with raw material price volatility, businesses can position themselves for long-term success in this competitive industry.
Key Market Trends
Growth in Safety Considerations
In recent years, safety has become a prominent factor shaping the United Kingdom's paints and coatings market. This heightened focus on health and safety stems from various factors, including responses to the COVID-19 pandemic and broader concerns regarding environmental and workplace risks. There's been a notable increase in demand for coatings prioritizing safety.
One driver of this trend is the growing recognition of the importance of maintaining clean and hygienic spaces. The pandemic has underscored the significance of surface hygiene and disinfection to mitigate the spread of viruses and bacteria. There is a rising need for coatings with antimicrobial properties that deter the growth of microorganisms on surfaces. These antimicrobial coatings are now prevalent in healthcare facilities, public areas, transportation infrastructure, and other high-traffic settings where cleanliness is essential.
The regulatory landscape in the UK contributes to the emphasis on safety within the paints and coatings sector. Regulations such as the Control of Substances Hazardous to Health (COSHH) impose strict guidelines for handling hazardous substances, including those present in paints and coatings. Compliance with these regulations is driving innovation toward safer formulations and environmentally friendly alternatives in the industry.
Segmental Insights
Resin Type Insights
Based on the category of resin type, the acrylic emerged as the fastest growing segment in the United Kingdom market for paints coatings in 2023.Acrylic paints and coatings provide an economical means to achieve high-quality finishes. When compared to certain alternatives, acrylics generally strike a balance between performance and cost-effectiveness, rendering them attainable for a broad spectrum of consumers and enterprises. Known for their exceptional water resistance and resistance to chalking, acrylic paints ensure durability and consistent reliability. They stand out as the preferred choice in sectors such as construction and automotive, where long-lasting performance is essential.
Application Insights
The architectural segment is projected to experience rapid growth during the forecast period.Graffiti vandalism continues to pose a persistent challenge in urban environments, leading to a demand for coatings that can discourage graffiti and simplify its removal process. Anti-graffiti coatings, designed to create a protective shield on surfaces, are being increasingly employed in public areas, transportation facilities, and commercial structures to minimize graffiti-related damage and associated maintenance expenses.
Regional Insights
London emerged as the dominant player in the United Kingdom Paints Coatings market in 2023, holding the largest market share in terms of value.London's dominant role in the UK paints and coatings market is primarily driven by the city's robust construction and infrastructure expansion endeavors. Acknowledging the significance of accessible housing, the UK government has earmarked a considerable budget of USD 7.13 billion to construct approximately 130,000 affordable residences outside of London by March 2026.
This substantial commitment to infrastructure advancement not only caters to housing requirements but also significantly bolsters the demand for paints and coatings. London emerges as a key player in the market landscape, propelled by the surge in construction activities spurred by government initiatives.
Key Market Players
AkzoNobel UK Ltd
Sherwin-Williams UK Coatings Ltd
PPG Architectural Coatings UK Limited
Axalta Coating Systems UK Limited
Crown Paints Limited
Report Scope:
In this report, the United Kingdom Paints Coatings Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
United Kingdom Paints Coatings Market,By Resin Type:
oAcrylic
oAlkyd
oEpoxy
oPolyurethane
oPolyester
oOthers
United Kingdom Paints Coatings Market,By Application:
oArchitectural
oIndustrial
oOthers
United Kingdom Paints Coatings Market, By Region:
oScotland
oSouth-East
oLondon
oSouth-West
oEast-Anglia
oYorkshire Humberside
oEast Midlands
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the United Kingdom Paints Coatings Market.
Available Customizations:
United Kingdom Paints Coatings Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five).
Another thriving sector in the UK paints and coatings market is the segment encompassing paint, wallpaper, and supplies. With an extensive array of colors, textures, and finishes, consumers now have more choices to reflect their individual style and create distinctive living spaces. This diversity has fueled market growth and heightened demand for premium decorative coatings.
The market has encountered challenges such as fluctuating prices of raw materials and the repercussions of Brexit on trade and regulations. The UK paints and coatings industry has demonstrated resilience and adaptability, with manufacturers devising innovative strategies to navigate these hurdles.
Key Market Drivers
Growth in Construction Industry
A flourishing construction industry directly influences the need for paints and coatings, which play crucial roles in both enhancing aesthetics and providing protection in construction projects. As the construction of residential and commercial buildings continues to surge, so does the demand for paints and coatings.
Various factors have fueled the rise in construction activities across the UK. Significant investments in infrastructure projects, such as road and rail networks, have spurred extensive construction endeavors. Efforts to address population growth through housing developments and support business expansion through commercial construction projects have further fueled construction industry growth.
This resurgence in construction activity has spurred a notable increase in the demand for paints and coatings, providing substantial momentum to the market. Architectural coatings, a significant segment of the paints and coatings market, have particularly reaped the benefits of the construction boom. In 2021, this segment accounted for a substantial 68.25% share of the UK paints and coatings market.
The uptick in the construction sector has resulted in heightened demand for architectural coatings, extensively utilized in both interior and exterior applications in buildings. These coatings not only enhance the visual appeal of structures but also offer vital protection against weathering, moisture, and other environmental elements.
Surge in Technological Advancements
In the dynamic realm of paints and coatings, technological innovation serves as a cornerstone for elevating product performance, versatility, and overall customer satisfaction. The relentless pursuit of technological advancements has catalyzed a transformation in the industry, giving rise to paints and coatings of unparalleled quality characterized by enhanced durability, flawless finish, and exceptional application properties.
Among the most remarkable and captivating advancements in the paints and coatings sector is the emergence of smart coatings. Representing a pinnacle of innovation, these cutting-edge coatings possess the remarkable ability to intelligently respond to environmental stimuli. Equipped with self-healing capabilities, superior corrosion resistance, and even antimicrobial properties, smart coatings epitomize the convergence of technology and functionality, offering unprecedented benefits to end-users.
The growing adoption of smart coatings across diverse industries heralds a new era of possibilities and opportunities within the paints and coatings market in the UK. As businesses increasingly recognize the value proposition presented by these innovative solutions, a surge in demand is anticipated, paving the way for substantial growth and evolution within the industry landscape. Smart coatings, with their transformative capabilities, are poised to redefine standards of performance and pave the path for a future where functionality and innovation converge seamlessly.
Key Market Challenges
Volatility in Price of Raw Materials
The paints and coatings industry relies heavily on a variety of raw materials, including resins, pigments, solvents, and additives, to achieve the desired properties, performance, and aesthetics of its final products. The volatile nature of raw material prices can have a significant impact on production costs, thereby influencing the overall profitability of businesses operating within this sector.
The fluctuation in raw material prices presents a significant challenge for the UK paints and coatings market. These price fluctuations, which are not unique to this industry but affect various sectors such as supermarkets, white goods, electronics, and automotive, can be unpredictable and challenging to navigate. This unpredictability makes effective planning and budgeting difficult for businesses. The resulting increase in production costs may lead to higher product prices, potentially dampening consumer demand.
The volatility in raw material prices represents an ongoing and multifaceted challenge for the UK paints and coatings market. As businesses grapple with this issue, it becomes imperative to implement effective strategies to mitigate its impact and ensure sustained growth and profitability. These strategies can include diversifying suppliers, exploring alternative raw materials, and implementing efficient inventory management systems. By proactively addressing the challenges associated with raw material price volatility, businesses can position themselves for long-term success in this competitive industry.
Key Market Trends
Growth in Safety Considerations
In recent years, safety has become a prominent factor shaping the United Kingdom's paints and coatings market. This heightened focus on health and safety stems from various factors, including responses to the COVID-19 pandemic and broader concerns regarding environmental and workplace risks. There's been a notable increase in demand for coatings prioritizing safety.
One driver of this trend is the growing recognition of the importance of maintaining clean and hygienic spaces. The pandemic has underscored the significance of surface hygiene and disinfection to mitigate the spread of viruses and bacteria. There is a rising need for coatings with antimicrobial properties that deter the growth of microorganisms on surfaces. These antimicrobial coatings are now prevalent in healthcare facilities, public areas, transportation infrastructure, and other high-traffic settings where cleanliness is essential.
The regulatory landscape in the UK contributes to the emphasis on safety within the paints and coatings sector. Regulations such as the Control of Substances Hazardous to Health (COSHH) impose strict guidelines for handling hazardous substances, including those present in paints and coatings. Compliance with these regulations is driving innovation toward safer formulations and environmentally friendly alternatives in the industry.
Segmental Insights
Resin Type Insights
Based on the category of resin type, the acrylic emerged as the fastest growing segment in the United Kingdom market for paints coatings in 2023.Acrylic paints and coatings provide an economical means to achieve high-quality finishes. When compared to certain alternatives, acrylics generally strike a balance between performance and cost-effectiveness, rendering them attainable for a broad spectrum of consumers and enterprises. Known for their exceptional water resistance and resistance to chalking, acrylic paints ensure durability and consistent reliability. They stand out as the preferred choice in sectors such as construction and automotive, where long-lasting performance is essential.
Application Insights
The architectural segment is projected to experience rapid growth during the forecast period.Graffiti vandalism continues to pose a persistent challenge in urban environments, leading to a demand for coatings that can discourage graffiti and simplify its removal process. Anti-graffiti coatings, designed to create a protective shield on surfaces, are being increasingly employed in public areas, transportation facilities, and commercial structures to minimize graffiti-related damage and associated maintenance expenses.
Regional Insights
London emerged as the dominant player in the United Kingdom Paints Coatings market in 2023, holding the largest market share in terms of value.London's dominant role in the UK paints and coatings market is primarily driven by the city's robust construction and infrastructure expansion endeavors. Acknowledging the significance of accessible housing, the UK government has earmarked a considerable budget of USD 7.13 billion to construct approximately 130,000 affordable residences outside of London by March 2026.
This substantial commitment to infrastructure advancement not only caters to housing requirements but also significantly bolsters the demand for paints and coatings. London emerges as a key player in the market landscape, propelled by the surge in construction activities spurred by government initiatives.
Key Market Players
AkzoNobel UK Ltd
Sherwin-Williams UK Coatings Ltd
PPG Architectural Coatings UK Limited
Axalta Coating Systems UK Limited
Crown Paints Limited
Report Scope:
In this report, the United Kingdom Paints Coatings Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
United Kingdom Paints Coatings Market,By Resin Type:
oAcrylic
oAlkyd
oEpoxy
oPolyurethane
oPolyester
oOthers
United Kingdom Paints Coatings Market,By Application:
oArchitectural
oIndustrial
oOthers
United Kingdom Paints Coatings Market, By Region:
oScotland
oSouth-East
oLondon
oSouth-West
oEast-Anglia
oYorkshire Humberside
oEast Midlands
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the United Kingdom Paints Coatings Market.
Available Customizations:
United Kingdom Paints Coatings Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five).
1.PRODUCT OVERVIEW
1.1.Market Definition
1.2.Scope of the Market
1.2.1.Markets Covered
1.2.2.Years Considered for Study
1.2.3.Key Market Segmentations
2.RESEARCH METHODOLOGY
2.1.Objective of the Study
2.2.Baseline Methodology
2.3.Key Industry Partners
2.4.Major Association and Secondary Sources
2.5.Forecasting Methodology
2.6.Data Triangulation Validation
2.7.Assumptions and Limitations
3.EXECUTIVE SUMMARY
3.1.Overview of the Market
3.2.Overview of Key Market Segmentations
3.3.Overview of Key Market Players
3.4.Overview of Key Regions/Countries
3.5.Overview of Market Drivers, Challenges, Trends
4.UNITED KINGDOM PAINTS COATINGS MARKET OUTLOOK
4.1.Market Size Forecast
4.1.1.By Value
4.2.Market Share Forecast
4.2.1.By Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, Others)
4.2.2.By Application (Architectural, Industrial, Others)
4.2.3.By Region
4.2.4.By Company
4.3.Market Map
4.3.1.By Resin Type
4.3.2.By Application
4.3.3.By Region
5.SCOTLAND PAINTS COATINGS MARKET OUTLOOK
5.1.Market Size Forecast
5.1.1.By Value
5.2.Market Share Forecast
5.2.1.By Resin Type
5.2.2.By Application
6.SOUTH-EAST PAINTS COATINGS MARKET OUTLOOK
6.1.Market Size Forecast
6.1.1.By Value
6.2.Market Share Forecast
6.2.1.By Resin Type
6.2.2.By Application
7.LONDON PAINTS COATINGS MARKET OUTLOOK
7.1.Market Size Forecast
7.1.1.By Value
7.2.Market Share Forecast
7.2.1.By Resin Type
7.2.2.By Application
8.SOUTH-WEST PAINTS COATINGS MARKET OUTLOOK
8.1.Market Size Forecast
8.1.1.By Value
8.2.Market Share Forecast
8.2.1.By Resin Type
8.2.2.By Application
9.EAST-ANGLIA PAINTS COATINGS MARKET OUTLOOK
9.1.Market Size Forecast
9.1.1.By Value
9.2.Market Share Forecast
9.2.1.By Resin Type
9.2.2.By Application
10.YORKSHIRE HUMBERSIDE PAINTS COATINGS MARKET OUTLOOK
10.1.Market Size Forecast
10.1.1.By Value
10.2.Market Share Forecast
10.2.1.By Resin Type
10.2.2.By Application
11.EAST MIDLANDS PAINTS COATINGS MARKET OUTLOOK
11.1.Market Size Forecast
11.1.1.By Value
11.2.Market Share Forecast
11.2.1.By Resin Type
11.2.2.By Application
12.MARKET DYNAMICS
12.1.Drivers
12.2.Challenges
13.MARKET TRENDS DEVELOPMENTS
13.1.Recent Developments
13.2.Product Launches
13.3.Mergers Acquisitions
14.POLICY REGULATORY LANDSCAPE
15.UNITED KINGDOM ECONOMIC PROFILE
16.COMPETITIVE LANDSCAPE
16.1.AkzoNobel UK Ltd
16.1.1.Business Overview
16.1.2.Company Snapshot
16.1.3.Products Services
16.1.4.Financials (In case of listed)
16.1.5.Recent Developments
16.1.6.SWOT Analysis
16.2.Sherwin-Williams UK Coatings Ltd
16.3.PPG Architectural Coatings UK Limited
16.4.Axalta Coating Systems UK Limited
16.5.Crown Paints Limited
17.STRATEGIC RECOMMENDATIONS
18.ABOUT US DISCLAIMER
1.1.Market Definition
1.2.Scope of the Market
1.2.1.Markets Covered
1.2.2.Years Considered for Study
1.2.3.Key Market Segmentations
2.RESEARCH METHODOLOGY
2.1.Objective of the Study
2.2.Baseline Methodology
2.3.Key Industry Partners
2.4.Major Association and Secondary Sources
2.5.Forecasting Methodology
2.6.Data Triangulation Validation
2.7.Assumptions and Limitations
3.EXECUTIVE SUMMARY
3.1.Overview of the Market
3.2.Overview of Key Market Segmentations
3.3.Overview of Key Market Players
3.4.Overview of Key Regions/Countries
3.5.Overview of Market Drivers, Challenges, Trends
4.UNITED KINGDOM PAINTS COATINGS MARKET OUTLOOK
4.1.Market Size Forecast
4.1.1.By Value
4.2.Market Share Forecast
4.2.1.By Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, Others)
4.2.2.By Application (Architectural, Industrial, Others)
4.2.3.By Region
4.2.4.By Company
4.3.Market Map
4.3.1.By Resin Type
4.3.2.By Application
4.3.3.By Region
5.SCOTLAND PAINTS COATINGS MARKET OUTLOOK
5.1.Market Size Forecast
5.1.1.By Value
5.2.Market Share Forecast
5.2.1.By Resin Type
5.2.2.By Application
6.SOUTH-EAST PAINTS COATINGS MARKET OUTLOOK
6.1.Market Size Forecast
6.1.1.By Value
6.2.Market Share Forecast
6.2.1.By Resin Type
6.2.2.By Application
7.LONDON PAINTS COATINGS MARKET OUTLOOK
7.1.Market Size Forecast
7.1.1.By Value
7.2.Market Share Forecast
7.2.1.By Resin Type
7.2.2.By Application
8.SOUTH-WEST PAINTS COATINGS MARKET OUTLOOK
8.1.Market Size Forecast
8.1.1.By Value
8.2.Market Share Forecast
8.2.1.By Resin Type
8.2.2.By Application
9.EAST-ANGLIA PAINTS COATINGS MARKET OUTLOOK
9.1.Market Size Forecast
9.1.1.By Value
9.2.Market Share Forecast
9.2.1.By Resin Type
9.2.2.By Application
10.YORKSHIRE HUMBERSIDE PAINTS COATINGS MARKET OUTLOOK
10.1.Market Size Forecast
10.1.1.By Value
10.2.Market Share Forecast
10.2.1.By Resin Type
10.2.2.By Application
11.EAST MIDLANDS PAINTS COATINGS MARKET OUTLOOK
11.1.Market Size Forecast
11.1.1.By Value
11.2.Market Share Forecast
11.2.1.By Resin Type
11.2.2.By Application
12.MARKET DYNAMICS
12.1.Drivers
12.2.Challenges
13.MARKET TRENDS DEVELOPMENTS
13.1.Recent Developments
13.2.Product Launches
13.3.Mergers Acquisitions
14.POLICY REGULATORY LANDSCAPE
15.UNITED KINGDOM ECONOMIC PROFILE
16.COMPETITIVE LANDSCAPE
16.1.AkzoNobel UK Ltd
16.1.1.Business Overview
16.1.2.Company Snapshot
16.1.3.Products Services
16.1.4.Financials (In case of listed)
16.1.5.Recent Developments
16.1.6.SWOT Analysis
16.2.Sherwin-Williams UK Coatings Ltd
16.3.PPG Architectural Coatings UK Limited
16.4.Axalta Coating Systems UK Limited
16.5.Crown Paints Limited
17.STRATEGIC RECOMMENDATIONS
18.ABOUT US DISCLAIMER
