Global Architectural Coatings Market, By Resin Type (Acrylic, Vinyl Acetate-Ethylene (VAE), Alkyds, Polyurethane, Epoxy, Polyesters, Others), Technology (Solventborne, Waterborne), Function (Paints, Primers, Varnishes, Stains, Sealers, Powder Coatings, Lacquers, Ceramics, Others), Application (Commercial, Residential, Coatings for Wood, Roof Coatings, Floor Coatings), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Architectural Coatings Market
The architectural coatings market is expected to witness market growth at a rate of 5.25% in the forecast period of 2021 to 2028. Data Bridge Market Research report on architectural coatings market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of architectural coatings market.
The architectural coatings refer to the type of coatings such as paints, powder and others that are utilized for coat homes and buildings. Most of the architectural coatings are specially designed for a specific use such as roof coatings, interior and exterior wall painting, and floor coatings. These coating offers certain protective, durable and decorative functions to infrastructure.
The increase in demand from the construction industry across the globe acts as one of the major factors driving the growth of architectural coatings market. The environmentally-friendly coating systems and use of the coating to prevent corrosion & rusting of metallic parts of tanks, fences, radiators and metal furniture further influence the market. The increase in demand for high durability and eco-friendly coatings, and durable coatings with better performance and aesthetics further influence the market. Additionally, presence of various compliances, growth in awareness, expansion of various end use industries and surge in per capita paint consumption positively affect the architectural coatings market. Furthermore, investments in emerging markets and adoption of green coatings extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, stringent government regulations against the harmful VOCs emitted by certain architectural coatings is expected to obstruct the market growth. The environmental concerns are projected to challenge the architectural coatings market in the forecast period of 2021-2028.
This architectural coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on architectural coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Architectural Coatings Market Scope and Market Size
The architectural coatings market is segmented on the basis of resin type, technology, function and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of source, the architectural coatings market is segmented into Acrylic, Vinyl Acetate-Ethylene (VAE), Alkyds, Polyurethane, Epoxy, Polyesters and Others.
- On the basis of technology, the architectural coatings market is segmented into solvent borne, and waterborne.
- On the basis of function, the architectural coatings market is segmented into paints, primers, varnishes, stains, sealers, powder coatings, lacquers, ceramics and others.
- On the basis of application, the architectural coatings market is segmented into commercial, residential, coatings for wood, roof coatings and floor coatings.
Architectural Coatings Market Country Level Analysis
The architectural coatings market is segmented on the basis of resin type, technology, function and application.
The countries covered in the global architectural coatings market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the architectural coatings market due to the large constructions and restoration initiatives by government agencies within the region. Asia-Pacific is expected to be the fastest growing market during the forecast period of 2021 to 2028 because of the increasing disposable income and growing demand for interior decoration in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Architectural Coatings Market Share Analysis
The architectural coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to architectural coatings market.
The major players covered in the architectural coatings market report are NIPSEA Group, BASF SE, Asian Paints Limited, Axalta Coating Systems, LLC, Brillux GmbH & Co. KG, Colorado Commercial & Residential Painting, IFS Coatings, Kansai Paint Co., Ltd., KEIM Mineral Coatings of America, Inc., Kelly-Moore Paints, Masco Corporation, RPM International Inc., Akzo Nobel N.V., PPG Industries, Inc., and The Sherwin-Williams Company, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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