Theglobal architecturalcoatings market isexperiencing high growth riding on the back of huge demand in the Asia Pacificregion, rapid technological progress, and rising number of applications.Increased spend on various infrastructural activities, emergence of greentechnologies, strict environmental regulations, and improved purchasing poweris likely to support growth of the global architectural coatings market in theyears to come.
TheSherwin-Williams Company, Nippon Paint Holdings Co., Ltd., RPM InternationalInc., PPG Industries, Inc., Asian Paints Limited, and Masco Corporation aresome of the companies profiled in the global architectural coatings market.
TransparencyMarket Research has prepared a comprehensive report on the global architecturalcoatings market, for the period 2017 to 2025. The report estimates that theglobal architectural coatings market is likely to expand at 5.7% CAGR. Themarket is estimated to reach US$ 87,500.4 Mn through 2025.
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Drivenby Increased Refurbishment Activities, Asia Pacific to Witness Rapid Growth
Interms of region, the global architectural coatings market is likely to witnessdominance of Asia Pacific due to escalated refurbishment and constructionactivities in countries like China, Taiwan, Thailand, India, and Japan.Interior designing and beautification activities have been witnessing steadyrise in its demand across commercial and residential sectors, thanks to theincreased love for aesthetics. This love for interior decoration is likely toencourage growth of the architectural coatings market in the Asia Pacific.Furthermore, an increasing trend toward green construction together with hugespending on the infrastructural activities is observed in countries likeAustralia, which is likely to expand the size of the architectural coatingsmarket in Asia Pacific.
Inaddition, growing popularity of various specialized coatings coupled with anemerging trend of making use of bio-based coatings is estimated to expand thesize of architectural coatings market in Europe. The market in Europe is drivenby the growing demand for architectural coatings in countries like Italy,Spain, and France.
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IncreasedDemand for Environment friendly Products Accentuates its Demand
Theglobal architectural coatings market is estimated to witness expansion of itssize due to extensive demand from the paints and coating industry. It isutilized for both interior and exterior applications in the paint and coatingsindustry. Progress made in the paint technology, particularly in acrylicformulations, offer an extensive range of waterproof coatings. Paints andcoating applied on the exterior of a residence or a commercial building notonly add to the aesthetics of the building but also protect it against heat,harsh winters, soaking rain and other adverse weather conditions.
Risein the construction of residential buildings is estimated to open up avenuesfor development of the global architectural coatings market in the forthcomingyears. Furthermore, rising demand for environment-friendly products has led toincreased research and development activities so as to come up with innovativeproducts. This further is likely to widen the scope of the market over theperiod of review.
Theinformation shared in this review is based on a TMR report, bearing the title,“Architectural Coatings market (Resin - Vinyl/Styrene, Acrylics, Alkyds, andPolyurethane; Technology - Water-based and Solvent-based; End-User: Residentialand Non-Residential) - Global Industry Analysis, Size, Share, Growth, Trendsand Forecast, 2017 to 2025”
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Theglobal architectural coatings is segmented based on:
Resin
· Vinyl/Styrene
· Acrylics
· Alkyds
· Polyurethane
Technology
· Water-based
· Solvent-based
EndUser
· Residential
· Non-Residential
Region
· North America
o US
o Canada
· Europe
o Germany
o France
o Italy
o Spain
o U.K.
o Rest of Europe
· Middle East and Africa
o GCC Countries
o South Africa
o Rest of Middle East and Africa
· Asia Pacific
o China
o Japan
o India
o Australia and New Zealand
o Rest of Asia Pacific
· Latin America
o Brazil
o Mexico
o Rest of Latin America
