Architectural Coatings Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Coating Type (Interior, Exterior, Others); By Technology (Solvent Borne, Water Borne); By Application (Residential, Non-Residentia

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	240 Pages	BlueWeave Consulting	February, 2023	BLWC18215470

Best Price Guarantee
Price	from $4,850
Length	240 Pages
Publisher	BlueWeave Consulting
Published Date	February, 2023
SKU	BLWC18215470

Architectural Coatings Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Coating Type (Interior, Exterior, Others); By Technology (Solvent Borne, Water Borne); By Application (Residential, Non-Residential); By End User (DIY, Professional); By Region (North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA))

Global Architectural Coatings Market Size Expands at Steady CAGR to Cross USD 97.1 Billion by 2029

Global architectural coatings market is flourishing owing to a spurring demand for durable and environment-friendly coatings with higher performance and aesthetics and increasing per-person paint consumption.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global architectural coatings market size at USD 69.47 billion in 2022. During the forecast period between 2023 and 2029, the global architectural coatings market size is projected to grow at a steady CAGR of 5.2% reaching a value of USD 97.13 billion by 2029. The global market for architectural coatings is being driven by the development boom, notably in the major developing countries of the Asia-Pacific region. The market is affected by changing customer preferences and a rise in public awareness of the risks posed by VOC emissions from architectural coatings. The transition from solvent-borne to water-borne coating formulations is also expected to assist the growth of the global architectural coatings market during the forecast period. The increasing adoption of green coatings is expected to provide growth opportunities for the market. These coatings meet the safety and VOC emission requirements established by regulatory bodies. The market expansion, however, may be hampered by strict government laws against the toxic VOCs released by some architectural coatings.

Global Architectural Coatings Market – Overview

Architectural coatings, also known as ornamental coatings, are coating mixtures used on buildings and residences. They cover a wide variety of finishes, such as varnishes, paints, primers, sealants, inks, and ceramics. Architectural coatings are used on interior and external walls, floors, and ceilings of buildings, so they must be resistant to a variety of chemicals and elements including heat, humidity, and fluctuating temperatures.

Opportunity: Spurring demand for housing units across the world

The demand for residential units across the countries is increasing rapidly. Given that residential home prices are at an all-time low when compared to prior years, there is a stronger demand for residential homes, which raises the need for architectural coatings. In line with this, home paint usage in the US increased significantly in 2022. The number of private home construction increased by 1.1% in August 2022, according to the United States Census Board and the United States Department of Housing and Urban Development. Due to the recent outbreak of the war, it is expected that there will be a high demand for residential and commercial buildings in Russia and Ukraine in the coming year. In the forecast period, all of the aforementioned factors are expected to drive demand for architectural paints and coatings around the globe.

Impact of COVID-19 on Global Architectural Coatings Market

COVID-19 pandemic and resultant strict lockdowns across countries put stringent restrictions on manufacturing and logistics during the first half of 2020. It led to decreased industrial production and disrupted supply chains, which significantly slowed down the market growth. Due to the work stoppage, businesses were witnessing a significant loss. In addition to the loss of revenue, suppliers providing materials to various businesses for use in the construction industry also suffered significant losses. Also, industrial firms employed a small number of people due to social distance standards during COVID-19. Consequently, it adversely affected the production and construction processes of architectural coatings.

Global Architectural Coatings Market – By Application

Residential and Non-Residential segments make up the global architectural coatings market by application. The residential application segment dominates the global architectural coatings market, due to the rapid adoption of recent technology developments, such as nanostructured coatings. They offer new applications by providing antimicrobial, self-cleaning, and anti-corrosive properties. These favorable characteristics of innovative coatings present significant growth opportunities for the residential coatings segment.

Competitive Landscape

Global architectural coatings market is fiercely competitive. Prominent players in the market include PPG Industries, Inc., Akzo Nobel N.V., The Sherwin-Williams Company, Kansai Paints Co., Ltd., Asian Paints Limited, Nippon Paint Holdings Co., Ltd., BASF SE, Masco Corporation, Jotun Group, RPM International Inc., Axalta Coatings, The Valspar Corporation, Midwest Industrial Coatings Inc., and Sumter Coatings. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the global architectural coatings market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Architectural Coatings Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in -Global Architectural Coatings Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

1. Research Framework: 1.1. Research Objective; 1.2. Product Overview; 1.3. Market Segmentation
2. Executive Summary
3. Global Architectural Coatings Market Insights: 3.1. Industry Value Chain Analysis; 3.2. DROC Analysis; 3.2.1. Growth Drivers; 3.2.1.1. Increasing construction activities; 3.2.1.2. Rising awareness of energy efficiency; 3.2.1.3. Growing demand for high-performance coatings; 3.2.2. Restraints; 3.2.2.1. Fluctuations in raw material prices; 3.2.2.2. Stringent regulations; 3.2.3. Opportunities; 3.2.3.1. Expansion in emerging markets; 3.2.3.2. Technological advancements; 3.2.4. Challenges; 3.2.4.1. Economic slowdown; 3.2.4.2. Threat of substitute; 3.3. Technology Advancements/Recent Developments; 3.4. Regulatory Framework; 3.5. Porter’s Five Forces Analysis; 3.5.1. Bargaining Power of Suppliers; 3.5.2. Bargaining Power of Buyers; 3.5.3. Threat of New Entrants; 3.5.4. Threat of Substitutes; 3.5.5. Intensity of Rivalry
4. Global Architectural Coatings Market Overview: 4.1. Market Size & Forecast, 2019–2029; 4.1.1. By Value (USD Million); 4.2. Market Share & Forecast; 4.2.1. By Coating Type; 4.2.1.1. Interior; 4.2.1.2. Exterior; 4.2.1.3. Others; 4.2.2. By Technology; 4.2.2.1. Solvent Borne; 4.2.2.2. Water Borne; 4.2.3. By Application; 4.2.3.1. Residential; 4.2.3.2. Non-Residential; 4.2.4. By End User; 4.2.4.1. DIY; 4.2.4.2. Professional; 4.2.5. By Region; 4.2.5.1. North America; 4.2.5.2. Europe; 4.2.5.3. Asia Pacific (APAC); 4.2.5.4. Latin America (LATAM); 4.2.5.5. Middle East and Africa (MEA)
5. North America Architectural Coatings Market: 5.1.1. Market Size & Forecast, 2019–2029; 5.1.2. By Value (USD Million); 5.2. Market Share & Forecast; 5.2.1. By Coating Type; 5.2.2. By Technology; 5.2.3. By Application; 5.2.4. By End User; 5.2.5. By Country; 5.2.5.1. US; 5.2.5.1.1. By Coating Type; 5.2.5.1.2. By Technology; 5.2.5.1.3. By Application; 5.2.5.1.4. By End User; 5.2.5.2. Canada; 5.2.5.2.1. By Coating Type; 5.2.5.2.2. By Technology; 5.2.5.2.3. By Application; 5.2.5.2.4. By End User
6. Europe Architectural Coatings Market: 6.1. Market Size & Forecast, 2019–2029; 6.1.1. By Value (USD Million); 6.2. Market Share & Forecast; 6.2.1. By Coating Type; 6.2.2. By Technology; 6.2.3. By Application; 6.2.4. By End User; 6.2.5. By Country; 6.2.5.1. Germany; 6.2.5.1.1. By Coating Type; 6.2.5.1.2. By Technology; 6.2.5.1.3. By Application; 6.2.5.1.4. By End User; 6.2.5.2. UK; 6.2.5.2.1. By Coating Type; 6.2.5.2.2. By Technology; 6.2.5.2.3. By Application; 6.2.5.2.4. By End User; 6.2.5.3. Italy; 6.2.5.3.1. By Coating Type; 6.2.5.3.2. By Technology; 6.2.5.3.3. By Application; 6.2.5.3.4. By End User; 6.2.5.4. France; 6.2.5.4.1. By Coating Type; 6.2.5.4.2. By Technology; 6.2.5.4.3. By Application; 6.2.5.4.4. By End User; 6.2.5.5. Spain; 6.2.5.5.1. By Coating Type; 6.2.5.5.2. By Technology; 6.2.5.5.3. By Application; 6.2.5.5.4. By End User; 6.2.5.6. The Netherlands; 6.2.5.6.1. By Coating Type; 6.2.5.6.2. By Technology; 6.2.5.6.3. By Application; 6.2.5.6.4. By End User; 6.2.5.7. Rest of Europe; 6.2.5.7.1. By Coating Type; 6.2.5.7.2. By Technology; 6.2.5.7.3. By Application; 6.2.5.7.4. By End User
7. Asia-Pacific Architectural Coatings Market: 7.1. Market Size & Forecast, 2019–2029; 7.1.1. By Value (USD Million); 7.2. Market Share & Forecast; 7.2.1. By Coating Type; 7.2.2. By Technology; 7.2.3. By Application; 7.2.4. By End User; 7.2.5. By Country; 7.2.5.1. China; 7.2.5.1.1. By Coating Type; 7.2.5.1.2. By Technology; 7.2.5.1.3. By Application; 7.2.5.1.4. By End User; 7.2.5.2. India; 7.2.5.2.1. By Coating Type; 7.2.5.2.2. By Technology; 7.2.5.2.3. By Application; 7.2.5.2.4. By End User; 7.2.5.3. Japan; 7.2.5.3.1. By Coating Type; 7.2.5.3.2. By Technology; 7.2.5.3.3. By Application; 7.2.5.3.4. By End User; 7.2.5.4. South Korea; 7.2.5.4.1. By Coating Type; 7.2.5.4.2. By Technology; 7.2.5.4.3. By Application; 7.2.5.4.4. By End User; 7.2.5.5. Australia & New Zealand; 7.2.5.5.1. By Coating Type; 7.2.5.5.2. By Technology; 7.2.5.5.3. By Application; 7.2.5.5.4. By End User; 7.2.5.6. Indonesia; 7.2.5.6.1. By Coating Type; 7.2.5.6.2. By Technology; 7.2.5.6.3. By Application; 7.2.5.6.4. By End User; 7.2.5.7. Malaysia; 7.2.5.7.1. By Coating Type; 7.2.5.7.2. By Technology; 7.2.5.7.3. By Application; 7.2.5.7.4. By End User; 7.2.5.8. Singapore; 7.2.5.8.1. By Coating Type; 7.2.5.8.2. By Technology; 7.2.5.8.3. By Application; 7.2.5.8.4. By End User; 7.2.5.9. Philippines; 7.2.5.9.1. By Coating Type; 7.2.5.9.2. By Technology; 7.2.5.9.3. By Application; 7.2.5.9.4. By End User; 7.2.5.10. Vietnam; 7.2.5.10.1. By Coating Type; 7.2.5.10.2. By Technology; 7.2.5.10.3. By Application; 7.2.5.10.4. By End User; 7.2.5.11. Rest of APAC; 7.2.5.11.1. By Coating Type; 7.2.5.11.2. By Technology; 7.2.5.11.3. By Application; 7.2.5.11.4. By End User
8. Latin America Architectural Coatings Market: 8.1. Market Size & Forecast, 2019–2029; 8.1.1. By Value (USD Million); 8.2. Market Share & Forecast; 8.2.1. By Coating Type; 8.2.2. By Technology; 8.2.3. By Application; 8.2.4. By End User; 8.2.5. By Country; 8.2.5.1. Brazil; 8.2.5.1.1. By Coating Type; 8.2.5.1.2. By Technology; 8.2.5.1.3. By Application; 8.2.5.1.4. By End User; 8.2.5.2. Mexico; 8.2.5.2.1. By Coating Type; 8.2.5.2.2. By Technology; 8.2.5.2.3. By Application; 8.2.5.2.4. By End User; 8.2.5.3. Argentina; 8.2.5.3.1. By Coating Type; 8.2.5.3.2. By Technology; 8.2.5.3.3. By Application; 8.2.5.3.4. By End User; 8.2.5.4. Peru; 8.2.5.4.1. By Coating Type; 8.2.5.4.2. By Technology; 8.2.5.4.3. By Application; 8.2.5.4.4. By End User; 8.2.5.5. Rest of LATAM; 8.2.5.5.1. By Coating Type; 8.2.5.5.2. By Technology; 8.2.5.5.3. By Application; 8.2.5.5.4. By End User
9. Middle East & Africa Architectural Coatings Market: 9.1. Market Size & Forecast, 2019–2029; 9.1.1. By Value (USD Million); 9.2. Market Share & Forecast; 9.2.1. By Coating Type; 9.2.2. By Technology; 9.2.3. By Application; 9.2.4. By End User; 9.2.5. By Country; 9.2.5.1. Saudi Arabia; 9.2.5.1.1. By Coating Type; 9.2.5.1.2. By Technology; 9.2.5.1.3. By Application; 9.2.5.1.4. By End User; 9.2.5.2. UAE; 9.2.5.2.1. By Coating Type; 9.2.5.2.2. By Technology; 9.2.5.2.3. By Application; 9.2.5.2.4. By End User; 9.2.5.3. Qatar; 9.2.5.3.1. By Coating Type; 9.2.5.3.2. By Technology; 9.2.5.3.3. By Application; 9.2.5.3.4. By End User; 9.2.5.4. Kuwait; 9.2.5.4.1. By Coating Type; 9.2.5.4.2. By Technology; 9.2.5.4.3. By Application; 9.2.5.4.4. By End User; 9.2.5.5. South Africa; 9.2.5.5.1. By Coating Type; 9.2.5.5.2. By Technology; 9.2.5.5.3. By Application; 9.2.5.5.4. By End User; 9.2.5.6. Nigeria; 9.2.5.6.1. By Coating Type; 9.2.5.6.2. By Technology; 9.2.5.6.3. By Application; 9.2.5.6.4. By End User; 9.2.5.7. Algeria; 9.2.5.7.1. By Coating Type; 9.2.5.7.2. By Technology; 9.2.5.7.3. By Application; 9.2.5.7.4. By End User; 9.2.5.8. Rest of MEA; 9.2.5.8.1. By Coating Type; 9.2.5.8.2. By Technology; 9.2.5.8.3. By Application; 9.2.5.8.4. By End User
10. Competitive Landscape: 10.1. List of Key Players and Their Offerings; 10.2. Global Architectural Coatings Company Market Share Analysis, 2022; 10.3. Competitive Benchmarking, By Operating Parameters; 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
11. Impact of Covid-19 on Global Architectural Coatings Market
12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis): 12.1. PPG Industries, Inc.; 12.2. Akzo Nobel N.V.; 12.3. The Sherwin-Williams Company; 12.4. Kansai Paints Co., Ltd.; 12.5. Asian Paints Limited; 12.6. Nippon Paint Holdings Co., Ltd.; 12.7. BASF SE; 12.8. Masco Corporation; 12.9. Jotun Group; 12.10. RPM International Inc.; 12.11. Axalta Coatings; 12.12. The Valspar Corporation; 12.13. Midwest Industrial Coatings Inc.; 12.14. Sumter Coatings; 12.15. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology: 14.1. Qualitative Research; 14.1.1. Primary & Secondary Research; 14.2. Quantitative Research; 14.3. Market Breakdown & Data Triangulation; 14.3.1. Secondary Research; 14.3.2. Primary Research; 14.4. Breakdown of Primary Research Respondents, By Region; 14.5. Assumptions & Limitations