North America Architectural Coatings Market, By Resin Type (Acrylic, Alkyd, Vinyl, Polyurethane, Others), Technology (Waterborne, Solventborne, Powder Coating), Function (Paints, Primers, Varnishes, Stains, Sealers, Powder Coatings, Lacquers, Ceramics, Others), User Type (DIY, Professional), Application (Residential, Non Residential), Country (U.S., Canada, Mexico) – Industry Trends and Forecast to 2028.
Market Analysis and Insights: North America Architectural Coatings Market
The architectural coatings market is expected to witness market growth at a rate of 5.75% 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 rise in oil and gas industry is escalating the growth of architectural coatings market.
The architectural coatings are defined as the type of coatings including powder, paints and others that are generally used for coat homes and buildings. Most of the architectural coatings are designed specifically for use such as interior and exterior wall painting, floor coatings and roof coatings. These coating provides durable, decorative and protective functions to infrastructure.
The rise in the number of construction projects across the region acts as one of the major factors driving the growth of architectural coatings market. The increase in the usage of the coating to prevent corrosion and rusting of metallic parts of fences, metal furniture, tanks and radiators and high demand for environmentally-friendly coating systems accelerate the market growth. The rise in health hazards and environmental concerns have led to regulations and increase in demand for high durability and eco-friendly coatings, and durable coatings further influence the market. Additionally, growth in awareness, surge in per capita paint consumption, presence of various compliances, expansion of various end use industries and surge in infrastructure spending positively affect the architectural coatings market. Furthermore, adoption of green coatings and investments in emerging markets extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, implementation of stringent government regulations against the harmful VOCs is expected to obstruct the market growth. The surge in 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.
North America Architectural Coatings Market Scope and Market Size
The architectural coatings market is segmented on the basis of resin type, technology, function, 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 markets.
- On the basis of resin type, the architectural coatings market is segmented into acrylic, alkyd, vinyl, polyurethane and others.
- On the basis of technology, the architectural coatings market is segmented into waterborne, solvent borne and powder coating.
- 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 user type, the architectural coatings market is segmented into DIY and professional.
- On the basis of application, the architectural coatings market is segmented into residential and non-residential. Residential is further segmented into new construction and remodel and repair.
North America Architectural Coatings Market Country Level Analysis
The architectural coatings market is analyzed and market size insights and trends are provided by country, resin type, technology, function, user type and application as referenced above.
The countries covered in the North America architectural coatings market report are U.S., Canada and Mexico in North America.
U.S. dominates the North America architectural coatings market due to the rise in infrastructural developments within 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 North America 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 The Sherwin-Williams Company, 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., and PPG Industries, Inc., among others. 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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