Architectural Coatings Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, By Resin Type (Acrylic, Alkyd, Vinyl, Polyurethane, and Others), By Technology (Waterborne Coatings, Solvent borne Coatings, and Powder Coatings), By Application (Residential, and Non-Residential), By User Type (DIY, and Professional), By Company and By Region
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationArchitectural Coatings Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, By Resin Type (Acrylic, Alkyd, Vinyl, Polyurethane, and Others), By Technology (Waterborne Coatings, Solvent borne Coatings, and Powder Coatings), By Application (Residential, and Non-Residential), By User Type (DIY, and Professional), By Company and By Region
The global architectural coatings market is anticipated to grow at an impressive rate in the projected period. Architectural coatings are paints and coatings used to paint the exterior wall, interior wall, and decorative appliances part of the building, also known as exterior wall coating and external wall coating. It includes paints, sealers, and specialty coatings for building and construction applications such as floors, roofs, decks, pavement, walkways, and other things. They are intended to provide a protective and decorative layer on an architectural feature or fixture's surface in indoor and outdoor applications.
Increase in construction activities and infrastructural development are expected to positively influence the growth of the market. The growing building and construction sector is expected to grow an increase in demand for the architectural coatings market. Increasing demand and trends of waterproof, decorative, and fireproof walls are influencing market growth. Additionally, increasing renovation, restoration, or repair activities in non-residential and residential construction are others factors fostering the architectural coatings market.
Expanding Infrastructure Development Activities is Boosting the Market Growth
According to the report published in 2022, the amounted size of the construction market was 6.4 trillion dollars in 2020 and is expected to reach 14.4 trillion USD in 2030.
The growing standard of living and increase in per-capita disposable income is influencing the increasing demand for infrastructural projects for residential and non-residential purposes, propelling the market.
Furthermore, increasing government architectural projects in developing economies, and support for developing innovative products drive market growth. Apart from these, maintenance of existing building and infra project worldwide is propelling the market. Additionally, a growing application that provides different construction activities for waterproof, decorative, and fireproofing will impact the growth of the coating market. All the above factors led to the rise in demand for architectural coatings market products and are expected to drive the market share growth, globally.
Environmental Challenges are Affecting the Growth
The environment is a significant factor that influences the government's demand and sale of products, and people are more concerned about the ecosystem. Government policies on the emission of volatile organic carbons are found in several architectural coatings. Thus, it contains hazardous particles that impact user health, and this reason is restraining the market growth.
Innovation and R&D to Penetrate the Market Growth
Several firms collaborate with other firms to gain access to new markets and technology. The development of water-based eco-friendly coating, increasing applications of nano coatings, and introduction of fluoropolymer coatings are new development that is boosting growth and opening opportunity. The new development to make eco-friendly products helps lower the impact of restraint. Mergers and acquisition help firms use the expertise of each other firm and earn more revenue without spending extra time and force.
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Market Segmentation
The global architectural coatings market is segmented based on
Market Players
Akzo Nobel N.V., PPG Industries, Inc., Sherwin-Williams Company, Kansai Paints Co. Ltd., Asian Paints Limited, Nippon Paint Holdings Co. Ltd., Masco Corporation, BASF SE, RPM International Inc., and Jotun Group are the leading companies operating in the architectural coatings market.
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Attribute |
Details |
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Base
Year |
2021 |
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Historic
Data |
2017 – 2020 |
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Estimated
Year |
2022 |
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Forecast
Period |
2023 – 2027 |
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Quantitative
Units |
Revenue in USD Million, Volume in Units, and CAGR for 2017-2021
and 2022-2027 |
|
Report
coverage |
Revenue
forecast, volume forecast, company share, competitive landscape, growth factors,
and trends |
|
Segments
covered |
·
Resin Type ·
Technology ·
Application ·
User Type |
|
Regional
scope |
North
America; Asia Pacific; Europe & CIS; South America; Middle East &
Africa |
|
Country
scope |
United States; Canada; Mexico; China; India; Japan; Australia;
South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil;
Argentina; Colombia; South Africa; UAE; Saudi Arabia. |
|
Key
companies profiled |
Akzo
Nobel N.V., PPG Industries, Inc., Sherwin-Williams Company, Kansai Paints Co.
Ltd., Asian Paints Limited, Nippon Paint Holdings Co. Ltd., Masco Corporation, BASF SE, RPM
International Inc., and Jotun Group |
|
Customization
scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing
and purchase options |
Avail
customized purchase options to meet your exact research needs. |
|
Delivery
Format |
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request) |
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