The architecturalcoatings market represents the largest segment of overall coatings market.Architectural coatings are the coatings such as paints, powder and others whichare used to coat homes and buildings. Most of the architectural coatings aredesigned for a specific use such as interior and exterior wall painting, roofcoatings and floor coatings. These coating provides certain protective,decorative and durable functions to infrastructure. The acrylic segment is thehighest growing segment owing to its advantages such as wide range ofapplications, oxidation and weathering resistance, durability and high coatingquality. Whereas the Asia-Pacific region is most dominating as well as fastestgrowing region due to increasing applications, infrastructural developments andtechnological advancements in the region.
Asia-PacificArchitectural Coatings Market By Resin Type (Acrylic, Vinyl Acetate-Ethylene(VAE), Alkyds, Polyurethane, Epoxy, Polyesters, Others), Technology(Solventborne, Waterborne), Function (Paints, Primers, Varnishes, Stains,Sealers, Powder Coatings, Lacquers, Ceramics, Others), Application (Commercial,Residential, Coatings for Wood, Roof Coatings, Floor Coatings), Country (China,India, Japan, South Korea, Australia, Singapore, Thailand, Indonesia, Malaysia,Philippines, Rest of Asia Pacific) – Industry Trends and Forecast to 2026
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Asia-Pacificarchitectural coatings market is segmented into four notable segments which areresin type, technology, function and application.
On the basisof resin type, the market is segmented into acrylic, alkyds, epoxy, polyurethane,polyesters, vinyl acetate-ethylene (VAE) and others.
On the basisof technology, the market is segmented into waterborne and solventborne.
On the basisof function, the market is segmented into ceramics, lacquers, paints, powdercoatings, primers, sealers, stains, varnishes and others.
On the basisof application, the market is segmented into residential, commercial, coatingsfor wood, floor coatings, and roof coatings.
Some of themajor players operating in this market are Akzo Nobel N.V., PPG Industries,Inc., The Sherwin-Williams Company, NIPSEA Group, BASF SE, Asian PaintsLimited, Axalta Coating Systems, LLC, Brillux GmbH & Co. KG, ColoradoCommercial & Residential Painting, IFS Coatings, Kansai Paint Co., Ltd.,KEIM Mineral Coatings of America, Inc., Kelly-Moore Paints, Masco Corporation,RPM International Inc. among others.
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In August2017, PPG Industries, Inc. has launched PPG TIMELESS paint and primer. Thispaint can be utilized for exterior and interior paintings. This paint isavailable in THE HOME DEPOT’s locations across the U.S. This product launchhelps the company to attract DIYers.
In February2016, BASF SE launched Acronal 7079 and AQAcell HIDE 6299, the polymerdispersion products, at Paint India 2016 in Mumbai. These products are used inorder to keep external buildings smooth and sustainable, while reducing titaniumdioxide (TiO2) emissions and improving carbon footprints. With this launch BASFalso showcased additives, pigments, resins and dispersions with the commitmentto grow in the paint industry.
In January2016, The Sherwin-Williams Company launched the latest version of ColorSnap,which is their color selection system offered to customers. This systemprovides ease and efficiency to customers in color selection processes. Thisdevelopment helps the company to attract more customers and generate revenuethrough them.
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PrimaryRespondents: Key Opinion Leaders (KOL’s): Product Experts, Engineers, ServiceProviders, Industrial Professionals. Industry Participants: CEO’s, V.P.’s,Marketing/Product Managers, Market Intelligence Managers and National SalesManagers.
Asia-Pacificarchitectural coatings market is projected to register a substantial CAGRin the forecast period of 2019 to 2026.
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