Global Architectural Paint Oxide Market, By Type (Polyurethane, Acrylic, Epoxy, Polyester, Alkyd), By Application (Exterior Wall, Interior Wall, Ceiling, Floor and Roof Waterproof Coatings), End-Use (Residential, Non-residential) - Industry Trends and Forecast to 2031.
Architectural Paint Oxide Market Analysis and Size
The essential factors contributing to the growth of the global architectural paint oxide market in the forecast period of 2024 to 2031 are the increasing demand for paints and coatings from end-use industries, growing awareness about energy-efficient paints and coatings, and rising investments in construction activities. In addition, the increasing awareness of workplace safety will also propel the market growth in the forecast period.
Data Bridge Market Research analyses that the global architectural paint oxide market which was USD 1.79 billion in 2023, is expected to reach USD 2.52 billion by 2031, growing at a CAGR of 4.40% during the forecast period of 2024 to 2031. The “polyurethane” segment will dominate the market due to the increasing non-residential building projects such as hospitals, schools, and colleges due to rising government spending on infrastructure. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Polyurethane, Acrylic, Epoxy, Polyester, Alkyd), Application (Exterior Wall, Interior Wall, Ceiling, Floor And Roof Waterproof Coatings), End-Use (Residential, Non-residential)
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Countries Covered
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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
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Market Players Covered
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The Sherwin-Williams Company (U.S.), PPG Industries, Inc. (U.S.), Nippon Paints (India) Private Limited (India), Asian Paints (India), Akzo Nobel N.V. (Netherlands), Kansai Paint Co., Ltd. (Japan), DuPont (U.S.)
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Market Opportunities
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Market Definition
Architectural paint oxide is a kind of paint that contains oxide pigments. It is mainly used on exteriors due to its durability and resistance to fading. Architectural paint oxide is available in a wide range of colors.
Global Architectural Paint Oxide Market Dynamics
Drivers
- Growing Construction and Infrastructure Development
The demand for architectural paint oxides is closely tied to the construction industry and infrastructure development. As economies grow, there is an increased need for residential, commercial, and industrial spaces, driving the demand for architectural paints used in construction projects.
- Rising Urbanization
Urbanization trends lead to increased construction activities in cities, creating a higher demand for architectural paints. These paints are essential for protecting and enhancing the aesthetics of buildings, contributing to the overall urban landscape.
- Consumer Preferences and Aesthetics
Consumers are increasingly conscious of the aesthetics and appearance of their living spaces. This drives the demand for a wide range of architectural paint colors and finishes, encouraging innovation and product development in the paint oxide market.
Opportunities
- Economic Growth and Disposable Income
Economic growth and rising disposable income levels contribute to increase spending on home improvement and renovation projects. As consumers have more resources, they are likely to invest in higher-quality architectural paints, boosting market growth.
- Technological Advancements
Advances in paint technology, including the development of high-performance pigments and coatings, contribute to the growth of the global architectural paint oxide market. These innovations often result in paints with improved durability, weather resistance, and ease of application.
Restraints/Challenges
- Intense Competition
The global architectural paint oxide market is highly competitive with numerous players globally. Intense competition often leads to price wars and a constant need for differentiation through quality, brand recognition, or technological advancements. Small or less-established companies may find it challenging to compete with larger, well-established manufacturers.
- Supply Chain Disruptions
Global events such as natural disasters, geopolitical tensions, or pandemics can disrupt the supply chain of raw materials and finished products. The architectural paint oxide industry, such as many others, may face challenges in ensuring a steady supply of essential components, leading to production delays and increased costs.
This global architectural paint oxide market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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, geographic expansions, technological innovations in the market. To gain more info on the global architectural paint oxide market contact Data Bridge Market Research for an analyst brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In June 2021, after negotiating a deal to buy Colombia-based paints and coatings manufacturer Grupo Orbis, AkzoNobel N.V. plans to grow its operations in South and Central America. Grupo Orbis operates in ten countries in South America, Central America, and the Antilles. This is a plan for growth and delivery
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Architectural Paint Oxide Market Scope
The global architectural paint oxide market is segmented on the basis of type, application and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Polyurethane
- Acrylic
- Epoxy
- Polyester
- Alkyd
Application
- Exterior Wall
- Interior Wall
- Ceiling
- Floor and Roof Waterproof Coatings
End-Use
- Residential
- Non-Residential
Global Architectural Paint Oxide Market Regional Analysis/Insights
Global architectural paint oxide market is analyzed and market size insights and trends are provided by country, type, application, and end-use as referenced above.
The countries covered in the global architectural paint oxide market report are 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.
Asia Pacific is the region, dominates the global architectural paint oxide market due to owing to increasing construction activities mainly driven by rapid urbanization, rising disposable income levels, and growing population.
Middle East and Africa region is projected to be the fastest growing region in the global architectural paint oxide market due to increasing non-residential building projects such as hospitals, schools, and colleges due to rising government spending on infrastructure are expected to drive product demand in this region.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Global Architectural Paint Oxide Market Share Analysis
The global architectural paint oxide 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 the global architectural paint oxide market.
Some of the major players operating in the global architectural paint oxide market are:
- The Sherwin-Williams Company (U.S.)
- PPG Industries, Inc. (U.S.)
- Nippon Paints (India) Private Limited (India)
- Asian Paints (India)
- Akzo Nobel N.V. (Netherlands)
- Kansai Paint Co., Ltd. (Japan)
- DuPont (U.S.)
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