Architectural Coatings Market 2024-2028
The architectural coatings market is forecasted to grow by USD 18.5 bn during 2023-2028, accelerating at a CAGR of 4.02% during the forecast period. The report on the architectural coatings market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising adoption of uv-curable architectural coatings, growing global construction industry, and increasing use of e-commerce sites to purchase architectural coatings.
Technavio's architectural coatings market is segmented as below:
By Technology
- Water borne
- Solvent borne
- Powder coatings
By Type
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the increasing focus on bio-based and eco-friendly architectural coatings as one of the prime reasons driving the architectural coatings market growth during the next few years. Also, shift toward water based coatings and integration of digital technologies for process optimization and product development will lead to sizable demand in the market.
The report on the architectural coatings market covers the following areas:
- Architectural Coatings Market sizing
- Architectural Coatings Market forecast
- Architectural Coatings Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading architectural coatings market vendors that include Akzo Nobel NV, Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Benjamin Moore and Co., Berger Paints India Ltd, Diamond Vogel, Dow Inc., Dunn Edwards Corp., Hempel AS, Jotun AS, Kansai Paint Co. Ltd., Munzing Chemie GmbH, Nippon Paint India Pvt. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, Sto SE and Co. KGaA, The Chemours Co., and The Sherwin Williams Co.. Also, the architectural coatings market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.