Global Architectural Coatings Market Trends, Forecast Report 2025-2037
Architectural Coatings Market size was valued at USD 88.8 billion in 2024 and is likely to cross USD 145.4 billion by 2037, expanding at more than 4.2% CAGR during the forecast period, i.e., between 2025 and 2037. In 2025, the industry size of architectural coatings is estimated at USD 92.5 billion.
The market is observing pulsating growth on account of an increasing number of residential and commercial construction developments. Additionally, growing explorations and advances in the coating industry in the past few years, along with a growing population and a rise in per capita income of the people, are driving the market. For instance, according to the World Bank 2023, GDP per capita in the U.S. was USD 82,769.4. Rising disposable incomes provide people with the opportunity to invest more in their lifestyle and residences, which simultaneously boosts the expansion of the market.
Eco-friendly and water-based formulations, due to stricter environmental regulations and rising awareness, are also shaping the market with eco-friendly initiatives. In June 2024, PPG launched the TOMORROW INCLUDED sustainability marketing concept for its Architectural Coatings (AC) business in Europe, the Middle East, and Africa (EMEA), intending to highlight the sustainability advantages of many of PPG’s architectural products. The architectural market is also witnessing a wide range of innovations. For instance, in February 2022, AkzoNobel launched its Interpon architectural range of ready-to-ship (RTS) powder coatings to customers in North America. It comprises Interpon D1010, which is suitable for a broad range of interior and exterior applications.
Architectural Coatings Sector: Growth Drivers and Challenges
Growth Drivers
- New Residential Projects: Increase in population and rising urbanization are increasing the housing demand worldwide. Developers and homeowners seek coatings that offer durability, aesthetic appeal, and environmental benefits, leading to increased consumption of decorative and protective paints. Furthermore, government initiatives also play a major role by increasing coatings usage in their projects. For instance, in November 2024, the Ministry of Housing and Urban Affairs (MoHUA) in partnership with the National Housing Bank (NHB) launched Pradhan Mantri Awas Yojana – Urban 2.0- Interest Subsidy Scheme (ISS) to provide housing to all under the Developed India by the year 2047
. - Rising Construction Activities: Emerging economies are undergoing a major change with a growth in the number of construction activities, boosting the demand for architectural coatings in both residential and commercial segments. According to the IBEF 2025, FDI in construction development, including townships, housing, built-up infrastructure, and more, stood at USD 26.76 billion to USD 35.24 billion, respectively, between April 2000 to September 2024. As infrastructure expands, coatings are essential for protecting surfaces from weathering, corrosion, and wear. This growth is also accelerating the adoption of specialized coatings such as waterproofing and thermal-insulating variants.
Challenge
- VOC emissions: The VOC emissions caused by these coatings are harmful to the environment and pose a threat to human health, leading to various health issues such as nausea, eye, nose, and throat irritation, among other serious health issues. These factors are anticipated to disrupt the market growth during the forecast period.
Architectural Coatings Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
4.2% |
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Base Year Market Size (2024) |
USD 88.8 billion |
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Forecast Year Market Size (2037) |
USD 145.4 billion |
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Regional Scope |
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Architectural Coatings Segmentation
Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, Urethane, Others)
Acrylic coatings dominate the type segment due to their superior performance and versatility, offering durability, UV resistance, and color retention. Quick-drying nature and compatibility with waterborne formulation align with the rising demand for sustainable paints. As a result, acrylic-based coatings have become a preferred choice among customers. In April 2024, Engineered Polymer Solutions (EPS) launched a new all-acrylic polymer, EPS 2210, for elastomeric wall and roof coatings, capable of conforming to ASTM D6083 Type II standards.
Application (Residential, Commercial)
The residential segment is anticipated to dominate the global architectural coatings market. Technological advancements, including the development of nonstructured coatings with antimicrobial and self-cleaning properties, have bolstered the segment’s growth. In February 2025, AkzoNobel announced the development of a new waterborne wood coating, RUBBOL WF 3350, featuring 20% bio-based content. Rising demand for eco-friendly products in residential areas is further boosting the market’s growth.
Our in-depth analysis of the global architectural coatings market includes the following segments:
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Resin Type |
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Technology |
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Application |
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Customize this ReportArchitectural Coatings Industry - Regional Synopsis
Europe Market Forecast
Europe is expected to have the largest growing of architectural coatings market during the forecast period. This is attributed to the rising reconstruction works in this region. Stringent environmental regulations and a strong emphasis on sustainability are also shifting attention towards waterborne and low-VOC formulations in the region. Germany leads in consumption with several manufacturers investing in eco-friendly solutions in the country and the whole of the EU region.
Italy’s market is fueled by home renovation and maintenance activities, and the development of office spaces and retail establishments. Companies in the region are focusing on innovative, sustainable products and expanding their digital platforms to enhance customer engagement. In May 2022, PPG announced the inauguration of a new architectural paint and coatings color automation laboratory, worth USD 2.1 million, in the country.
Asia Pacific Market Analysis
Asia Pacific is anticipated to hold a considerable share in the overall market during the forecast period, which can be attributed to growing urbanization, construction, and infrastructural development in countries including China, India, Japan, and others. The rising government contribution for construction and various other projects in this region is expected to boost the demand for architectural coatings further.
India market is undergoing significant transformation, propelled by rapid urbanization and a rising emphasis on sustainability. The residential sector remains a dominant force, fueled by affordable housing schemes from the government. The commercial segment is driven by smart city projects primarily. In April 2024, BASF Coatings division announced the expansion of the e-coat manufacturing facility at its Mangalore site in India, driven by the demand for e-coat solutions by local automotive OEM customers.
Companies Dominating the Architectural Coatings Landscape
- BASF SE
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- PPG Industries
- AzkoNobel
- Asian Paints
- Nippon Paints
- The Sherwin-Williams Company
- Prisum Coatings Canada Inc.
- Helios Group
- A&A Coatings
- Kansai Paint Co.
Companies in the market adopt growth strategies such as product innovation with eco-friendly and low-VOC formulations, strategic mergers and acquisitions to expand market reach, investment in R&D for advanced performance coatings, and the development of smart coatings with self-cleaning or energy-efficient properties. Some of the prominent players are:
In the News
- In September 2024, Engineered Polymer Solutions launched a new allacrylic polymer for cutting-edge flat through semi-gloss interior and exterior architectural coatings.
- In April 2024, Evonik Coating Additives launched TEGO Foamex 16 and TEGO Foamex 11, designed to improve the sustainability and performance of waterborne architectural coatings.
Author Credits: Rajrani Baghel
- Report ID: 1340
- Published Date: May 13, 2025
- Report Format: PDF, PPT
