Research Reports

Chemicals and Materials

icon
Home » Reports » Architectural Coatings Market Global Demand Analysis Opportunity Outlook 2024
Market Research Report

Architectural Coatings Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 09:40 AM, 14th September, 2017 REP-ID-415 Category: Chemicals and Materials

Architectural Coatings Market Overview

Architectural coatings are used to paint homes and buildings. Architectural paints composition consists of body, resin and solvent. Architectural coatings serve the purpose of decoration, durability and protective function. These coatings are applied to the surface using sprayer, roller or brush.

Market Size and Forecast

Global architectural coatings market is anticipated to grow at a significant CAGR over the forecast period. Increasing number of commercial buildings across the globe is envisioned to bolster the growth of global architectural coatings market. Additionally, wide scale interior application such as wall painting, furniture and others is expected to foster the growth of global architectural coatings market.

In the terms of region, Asia-Pacific accounted for revenue major share in the overall architectural coatings market due to the presence of major architectural coating manufacturers such as Nippon Paint Co. Ltd., Berger paints and other companies. Furthermore, key manufacturers are shifting their manufacturing bases in Asia-Pacific due to low cost of labor which in turn, is expected to drive the growth of architectural paints market in Asia-Pacific region. Japan, China and India are expected to be the major contributor to the growth of Asia-Pacific architectural coatings market. India is anticipated to witness the augmented demand for architectural coatings on the account of development of smart cities by the government.

Architectural coatings

Asia-Pacific is expected to be followed by Europe and North America region. Europe architectural coating market is forecasted to grow at significant CAGR due to rising spending on residential and non-residential buildings in the region. North America is expected to grow at a decent rate over the forecast period. Increased activities of reconstruction and renovation of buildings is fuelling the growth of architectural coatings market in North America region.

In the resin type segment, acrylic sub segment accounted for more than 62% market share in the global architectural coatings market in 2016. Factors such as excellent durability and high gloss retention are increasing the overall revenue of acrylic architectural coatings market.     

Market Segmentation

Our in-depth analysis segmented the global architectural coatings market in the following segments:

By Resin Type

  • Acrylic
  • Alkyd
  • Epoxy
  • Polyurethane
  • Polyester
  • Others

By Technology Type

  • Water Based
  • Solvent Based

By Application

  • Residential
    • Interior
    • Exterior
  • Non-residential
    • Interior
    • Exterior

By Region

Global architectural coatings market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (MEA) (GCC, South Africa, North Africa, Rest of MEA) Market Size and Y-O-Y Growth Analysis

Growth Drivers & Challenges

Global architectural coatings market is majorly driven by the rising number of commercial building across the globe. Developing countries such as India and China are witnessing the augmented demand for architectural coatings due to the increasing construction activities and urbanization. This factor is anticipated to foster the growth of global architectural coatings market during the forecast period.

Technological advancement in architectural coating is anticipated to drive the growth of architectural coating market over the forecast period. New water borne technologies and product developments such as anti-bacterial, anti-odor has been recently developed by manufacturers. Furthermore, increasing adoption of waterborne architectural coatings by the consumers is anticipated to drive the growth of global architectural coatings market over the forecast period.

Apart from this, rising inclination towards eco-friendly products is likely to escalate the growth of global architectural market during 2017-2024. These coatings have low volatile organic compounds (VOC), thus having very low impact on environment. In addition to this, stringent government regulations and standards about VOC emission is anticipated to positively impact the growth of global architectural coatings market. 

In contrast, volatility in the raw material price is anticipated to dampen the growth of global architectural coatings market.    

Key Players

  • Akzo Nobel NV
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • PPG Industries Inc.
  • The Sherwin-Williams Company
  • RPM International Inc.
  • The Valspar Corporation
  • Nippon Paint Co. Ltd.
  • Kansai Paint Co. Ltd.
  • Sherwin Williams
  • Arkema SA
  • Berger Paints

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global architectural coatings market is segmented as follows:

  • By Resin Type Market Size & Y-O-Y Growth Analysis
  • By Technology Type Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

SELECT LICENSE TYPE

KEY BENEFITS

  • DIRECT ANALYST ASSISTANCE

    Direct access to analyst to help you understand the market in a better way to handle your critical question

  • CUSTOMIZE AS PER YOUR NEED

    Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved

  • DISCOUNT ON CUSTOMISATION

    Get 10% free customization

  • QUALITY ASSURED

    Great focus on accuracy and quality of the research

Connect With Us

Call us

(U.S.) - +1 646 586 9123
(Canada) - +1 437 889 3230
(U.K.) - +44 203 608 5919
(India) - + 91 120 660 5495
Email: info@researchnester.com

Ask The Analyst

Delivery Center

1014, 10th Floor, Tower A1,
Ansal Corporate Park, Plot no 7A/1,
Sector 142 Noida., 201301 India
Phone : +91 958 228 3827, +91 120 660 5495
info@researchnester.com

US Office

1820 Avenue M, Suite# 1113,
Brooklyn, New York 11230
Phone : +1 646 586 9123
info@researchnester.com

Canada (Toronto)

Phone : +1 437 889 3230
info@researchnester.com

UK Office (London)

Phone : +44 203 608 5919
info@researchnester.com

Copyright © 2017 Research Nester. All rights reserved

Top