Italy Paint Coating Market

italy is a major player in the global paint and coatings market, both in terms of production and consumption. as of 2018, the total italian paint and coatings market was estimated to be worth nearly €4 billion in total revenue. though the market has seen a steady growth since 2015, recovery from the financial crisis remains incomplete and growth is likely to remain weak in the near future. in terms of product type, the total italian paint & coatings market is mainly driven by architectural coatings, which accounted for over 57% of total consumption in 2018. the market is also expected to continue to see strong demand growth in automotive refinish coatings and industrial coatings in the upcoming years. in terms of technology, solvent-based paints still dominate the italian market, with water-based paints occupying a relatively small share. on the other hand, powder coatings are expected to gain traction in the near future, particularly in the industrial sector. when it comes to the industry structure, italy has over 100 paint manufacturing companies, with the two major players accounting for estimated 35% of total market value. mergers and acquisitions have been a common phenomenon in this market in recent years and the trend is expected to remain so in the future as well. in terms of regions, the central and north regions dominate the paint and coatings market in italy, with the latter accounting for about 60% of total consumption in 2018. the southern region accounts for about 30% of the total. looking ahead to 2032, the italian paint and coatings market is expected to continue to consolidate, further supported by increasing demand for industrial coatings and eco-friendly paints. the strong demand for water-based paints is also expected to remain strong over the long term, while nano-emulsion paints are a huge potential opportunity in this market. mergers and acquisitions by major players, as well as the introduction of new technologies, will remain key to driving market growth over the forecast period.