The half-year results show a global market contraction of about 9 % in Euro value, while the top 11 companies lost over 10 % in sales revenues. To some extent, the stabilizing effect of the decorative paint demand compensated for the dramatic volume losses in the industrial coatings sector.

In many parts of the world, building construction and especially the DIY activities continued despite the severe lockdown measures imposed in the second quarter of 2020 due to the COVID-19 pandemic. Starting in June 2020, the manufacturing sector showed some signs of recovery. This positive market trend differed across the regional markets and the classes of industrial goods produced.

The diverse evolution of the two segments - decorative paints and industrial coatings – has led to a shift in market shares and portfolio composition. Decorative paints gained nearly 4% market share the at the expense of industrial coatings in the first half of 2020 compared to 2019.

CHEM Research’s detailed examination of the top 11 producers’ half-year 2020 sales shows similar patterns. On average, the 2020 half-year sales of the top 11 companies’ sales revenues were about 10% lower than in the first half of 2019. In year-over-year comparison, the top 11 companies’ sales dropped about 2% in the first quarter and 17% in the second quarter of 2020.

The details of this analysis are part of CHEM Research’s new ongoing market intelligence program, entitled The TOP 11 Global Paint and Coating Producers, a Benchmarking Study. This annual subscription service delivers up-to-date analyses on a quarterly basis. It offers a unique benchmarking tool for a quick understanding of the changes taking place in the paint and coating industry. For more information, visit www.chem-research.com/Studies.

About CHEM Research GmbH, Mainz CHEM Research is a B2B market research and consulting organization focused on paints and coatings, and adhesives and sealants.