Market Overview:
The global oil-based paints market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for decorative paints, protective paints and other oil-based paint products from various end user industries. In terms of type, the decorative paints segment is expected to witness highest growth during the forecast period owing to rising demand from residential and commercial sectors across regions. In terms of application, ceilings are anticipated to account for maximum share in terms of revenue in 2018 and walls are projected to be the fastest growing application segment over the forecast period.
Product Definition:
Oil-based paints are a type of paint that uses oil as the main binder. They are generally slower drying than other types of paint, which can be an advantage when painting large areas. They also tend to be more durable and less prone to fading than water-based paints.
Decorative Paints:
Decorative paints are widely used in the oil-based paint industry for various applications such as wall painting, ceiling painting, and flooring. The growth factor of this market is attributed to growing construction activities across the globe coupled with increasing demand from emerging economies such as China & India.
Protective Paints:
Protective paints are used to protect the wood from moisture, insects and UV rays. They have a higher proportion of hardeners than regular paints which make them more durable. The hardeners in protective paint prevent it from deteriorating or decomposing over time.
Application Insights:
The demand for the product is expected to be driven by rising construction activities in emerging economies of Asia Pacific and Middle East & Africa. In addition, growing urbanization and infrastructural development projects are anticipated to drive the growth over the forecast period.
For ceilings was estimated as the largest application segment in 2017 owing to its extensive use in residential applications such as kitchen & bathroom renovation works along with commercial spaces such as shopping malls and hotels. The protective coatings segment is also projected to witness significant growth over the forecast period due to its increasing use for industrial purposes including metal plating, chemical processing industries along with transportation vehicles such as trucks and buses among others. Other applications include wall painting which accounted for a considerable market share of around 15% in terms of revenue owing to its wide scope across various industry verticals including hospitality among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing robust economic growth on account of increasing foreign investments coupled with rising industrial output. Rapid urbanization, growing population, and improving standards of living have resulted in an increased demand for housing structures across various countries including China, India, Indonesia among others.
The construction industry in Europe has witnessed a significant recovery from the economic recession between 2008-09 and 2012-13 as per IMF data construction spending was lower but GDP was higher during this period which reflected into a rebound of construction output after two years followed by steady growth over past few years resulting into positive outlook for paints & coatings application sector over next eight years.
Growth Factors:
- Increasing demand from the construction industry as it offers better durability and protection against weathering effects.
- Rising demand for oil-based paints in automotive refinishing owing to their superior properties such as high gloss, color stability, and corrosion resistance.
- Growing popularity of oil-based paints among DIY enthusiasts due to their easy application and low odor emissions.
- Technological advancements that have led to the development of more efficient and environment-friendly oil-based paints formulations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil-based Paints Market Research Report
By Type
Decorative Paints, Protective Paints, Other
By Application
For Ceilings, For Facades, For Walls, Other
By Companies
AkzoNobel, Nippon, PPG, DuPont, Bayer, Sherwin-Williams, Pratt & Lambert, Behr, Smoz, Dufa, AkzoNobel, Carpoly, Laboratoires Natura, Lacalcedelbrenta, Bauhinia, Tikkurila, Maydos, MAJS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Oil-based Paints Market Report Segments:
The global Oil-based Paints market is segmented on the basis of:
Types
Decorative Paints, Protective Paints, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
For Ceilings, For Facades, For Walls, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AkzoNobel
- Nippon
- PPG
- DuPont
- Bayer
- Sherwin-Williams
- Pratt & Lambert
- Behr
- Smoz
- Dufa
- AkzoNobel
- Carpoly
- Laboratoires Natura
- Lacalcedelbrenta
- Bauhinia
- Tikkurila
- Maydos
- MAJS
Highlights of The Oil-based Paints Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Decorative Paints
- Protective Paints
- Other
- By Application:
- For Ceilings
- For Facades
- For Walls
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oil-based Paints Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Oil-based paints are made from a blend of oil and other solvents. They are the most popular type of paint because they are easy to apply, have a long lasting finish, and can be used on many different types of surfaces.
Some of the major companies in the oil-based paints market are AkzoNobel, Nippon, PPG, DuPont, Bayer, Sherwin-Williams, Pratt & Lambert, Behr, Smoz, Dufa, AkzoNobel, Carpoly, Laboratoires Natura, Lacalcedelbrenta, Bauhinia, Tikkurila, Maydos, MAJS.
The oil-based paints market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil-based Paints Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Oil-based Paints Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil-based Paints Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Oil-based Paints Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Oil-based Paints Market Size & Forecast, 2020-2028
4.5.1 Oil-based Paints Market Size and Y-o-Y Growth
4.5.2 Oil-based Paints Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Decorative Paints
5.2.2 Protective Paints
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 For Ceilings
6.2.2 For Facades
6.2.3 For Walls
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil-based Paints Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Oil-based Paints Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Decorative Paints
9.6.2 Protective Paints
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 For Ceilings
9.10.2 For Facades
9.10.3 For Walls
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Decorative Paints
10.6.2 Protective Paints
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 For Ceilings
10.10.2 For Facades
10.10.3 For Walls
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Decorative Paints
11.6.2 Protective Paints
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 For Ceilings
11.10.2 For Facades
11.10.3 For Walls
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Decorative Paints
12.6.2 Protective Paints
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 For Ceilings
12.10.2 For Facades
12.10.3 For Walls
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Decorative Paints
13.6.2 Protective Paints
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 For Ceilings
13.10.2 For Facades
13.10.3 For Walls
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Oil-based Paints Market: Competitive Dashboard
14.2 Global Oil-based Paints Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel
14.3.2 Nippon
14.3.3 PPG
14.3.4 DuPont
14.3.5 Bayer
14.3.6 Sherwin-Williams
14.3.7 Pratt & Lambert
14.3.8 Behr
14.3.9 Smoz
14.3.10 Dufa
14.3.11 AkzoNobel
14.3.12 Carpoly
14.3.13 Laboratoires Natura
14.3.14 Lacalcedelbrenta
14.3.15 Bauhinia
14.3.16 Tikkurila
14.3.17 Maydos
14.3.18 MAJS
