Global Architectural Coatings Resins Market, By Resin Type (Acrylic Resin, Alkyd Resin, Vinyl Resin, Polyurethane Resin and Others), Technology (Waterborne Coatings, Solvent borne Coatings and Powder Coatings), Coating Type (Interior, Exterior and Others), User Type (DIY and Professional), Application (Residential and Non- Residential), 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 Resins Market
Data Bridge Market Research analyses that the architectural coatings resins market will witness a CAGR of 6.00% for the forecast period of 2021-2028. Increase in the demand for architectural coatings resins for a wide range of residential and non- residential applications, growth and expansion of various end user verticals and surge in industrialization in the developing countries are the major factors attributable to the growth of the architectural coatings resins market.
From the name itself, the role of architectural coatings resins is clear. Architectural coatings resins are used to coat the buildings and structures to provide them resistance against chemicals, moisture, heat, weather and other conditions. The major function of architectural coatings resins is to provide protection and durability to the structures. The resins are composed of different ingredients and are easily available in the market.
Rise in the demand for architectural coatings resins by buildings and construction industry owing to the growth and expansion of this industry is the root cause fuelling up the market growth rate. Rising urbanization and infrastructural development especially in the developing economies are other factors responsible for propelling growth in the architectural coatings resins market value. Rising industrialization coupled with increasing adoption of water borne coating formulations will also directly and positively impact the growth rate of the architectural coatings resins market. Increasing awareness among population about VOC emissions coupled with increase in disposable income are some other important but indirect architectural coatings resins market growth determinants. Introduction of green coating solution and increasing application area of Nano coatings will also carve the way for a smooth market growth rate.
However, high prices of raw materials will pose a major challenge to the growth of the architectural coatings resins market. Also, fluctuations or volatility in the prices of raw materials such will dampen the architectural coatings resins market growth rate. Strict rules and regulations imposed by the government over application of architectural coatings resins will further derail the market growth rate.
This architectural coatings resins market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 resins 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 Resins Market Scope and Market Size
The architectural coatings resins market is segmented on the basis of resin type, technology, coatings type, user type 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 market.
- On the basis of resin type, the architectural coatings resins market is segmented into acrylic resin, alkyd resin, vinyl resin, polyurethane resin and others.
- On the basis of technology, the architectural coatings resins market is segmented into waterborne coatings, solvent borne coatings and powder coatings.
- On the basis of coating type, the architectural coatings resins market is segmented into interior, exterior and others.
- The user type segment for architectural coatings resins market is segmented into DIY and professional.
- On the basis of application, the architectural coatings resins market is segmented into residential and non- residential.
Global Architectural Coatings Resins Market Country Level Analysis
The architectural coatings resins market is analysed and market size, volume information is provided by country, resin type, technology, coatings type, user type and application referenced above.
The countries covered in the architectural coatings resins market report are 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.
Asia-Pacific dominates the architectural coatings resins market and will continue to flourish its trend of dominance during the forecast period as well. Abundant availability of raw materials is one of the major factors fostering the growth of market in this region. Growth and expansion of buildings and construction industry in the region owing to rapid infrastructural development will also drive the market growth rate.
The country section of the architectural coatings resins market 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 Resins Market Share Analysis
The architectural coatings resins 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 resins market.
The major players covered in the architectural coatings resins market report are BASF SE, Solvay, Evonik Industries AG, Arkema, Akzo Nobel N.V., The Sherwin-Williams Company, PPG Industries, Inc., Nippon Paint Holdings Co., Ltd., Eastman Chemical Company, Dow., Berger Paints India Limited, CARPOLY, ALLNEX GMBH, Jotun, DAIKIN INDUSTRIES, Ltd.,, Stepan Company, Masco Corporation, Linetec, Benjamin Moore & Co. and FUJIKURA KASEI CO.,LTD. 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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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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