Architectural Coatings Market, By Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, Urethane, and Others), By Function (Ceramics, Inks, Lacquers, Paints, Powder Coatings, Primers, Sealers, Stains, and Others), By Technology (Solvent Borne and Wa
Architectural Coatings Market, By Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, Urethane, and Others), By Function (Ceramics, Inks, Lacquers, Paints, Powder Coatings, Primers, Sealers, Stains, and Others), By Technology (Solvent Borne and Water Borne), By End-use Industry (Residential and Non-Residential), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).
The architectural coatings market refers to paints and coatings used in residential and non-residential buildings for interior as well as exterior applications. Architectural paints help protect buildings from environmental factors like heat, rain, pollution, and also help in decorating the interiors and exteriors of structures. The rising construction of both residential and commercial buildings across the globe is fueling the demand for architectural coatings. Furthermore, frequent repainting of older structures as per changing design trends is also driving the market growth. However, stringent environmental regulations regarding VOCs emissions from paints may slightly hamper the market during the forecast period.
Market Dynamics:
The global architectural coatings market is witnessing healthy growth driven by factors such as increasing construction of new residential and commercial buildings worldwide. Rapid urbanization, growing population, rising disposable income, and changing lifestyles are some of the key socio-economic drivers leading to new construction activities. According to estimates, the global construction industry grew by over 3% in 2021. Additionally, the need for repainting and refurbishing of older structures also contributes significantly to the recurring demand for architectural coatings. However, strict environmental norms pertaining to VOCs emissions from paints and coatings pose a challenge for market players. On the positive side, rising R&D efforts towards developing eco-friendly and sustainable coating technologies present lucrative opportunities for further market expansion.
Key features of the study:
This report provides in-depth analysis of the global architectural coatings market, and provides market size (US$ Bn & KT) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global architectural coatings market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include PPG Industries, Asian Paints, Nippon Paints, The Sherwin-Williams Company, Axalta Coatings, RPM International Inc., The Valspar Corporation, Midwest Industrial Coatings Inc., Sumter Coatings, BASF SE, JSW, Jotun, AkzoNobel N.V., Chemours Company, Arcat, FUJIKURA KASEI CO.,LTD., Syensqo, Metcon Coatings & Chemicals India Private Limited., Acro Paints, and Varuna Paints Private Limited
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global architectural coatings market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global architectural coatings market
Market Segmentation
By Resin Type:
Acrylic
Alkyd
Epoxy
Polyurethane
Polyester
Urethane
Others (PTFE & PVDF)
By Function:
Ceramics
Inks
Lacquers
Paints
Powder Coatings
Primers
Sealers
Stains
Others (Varnishes, etc.)
By Technology:
Solvent Borne
Water Borne
By End-Use Industry:
Residential
Non-Residential
By Regional:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Company Profiles:
PPG Industries
Asian Paints
Nippon Paints
The Sherwin-Williams Company
Axalta Coatings
RPM International Inc.
The Valspar Corporation
Midwest Industrial Coatings Inc.
Sumter Coatings
BASF SE
JSW
Jotun
AkzoNobel N.V.
Chemours Company
Arcat
FUJIKURA KASEI CO., LTD.
Syensqo
Metcon Coatings & Chemicals India Private Limited.