Architectural Coatings Market Based on Resin Type (Acrylics, Fluoropolymers, Urethanes, Metallic Additive, Others (epoxy, poly alkyds, and amines)); Based on Formulation Type (Solvent Bourne, Water Bourne); Based on Application (Residential, Non-Residential); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032
Architectural Coatings Market Overview and Definition
The global architectural coatings market size was valued at around USD 65.9 billion in 2022 and is projected to grow at a compound annual rate of growth (CAGR) of around 6.3% from 2022 to 2032.The market size is projected to succeed in USD 109.4 billion by 2032.
The architectural coatings market refers to the segment of the paint and coatings industry that focuses on coatings for buildings and structures. Architectural coatings are used for both decorative and protective purposes and are applied to a variety of surfaces, including walls, ceilings, floors, and exterior facades.
Architectural coatings are formulated to meet a range of requirements, including durability, resistance to weathering and environmental exposure, colorfastness, and ease of application. They can be used for both interior and exterior applications, and are available in a variety of finishes, including flat, matte, satin, semi-gloss, and high-gloss.
Architectural coatings are used in a variety of construction and renovation projects, from single-family homes to large commercial and institutional buildings. They can be applied by professional painters, do-it-yourselfers, and industrial coating applicators.
The architectural coatings market is influenced by a range of factors, including trends in design and color, technological advances in coatings formulation, and regulations governing environmental and health impacts. Manufacturers in this market are continually innovating to develop coatings that meet changing customer needs and to address emerging challenges, such as improving energy efficiency and reducing the environmental impact of buildings.
KD Market Insights added a title on “Architectural Coatings Market – 2022-2032” to its collection of industry research reports that offers extensive and highly detailed current and future market trends in the global and regional/market. The report includes market size, Y-O-Y growth analysis and structure of the overall industry based on a unique combination of industry research, fieldwork, market sizing analysis, and our in-house expertise.
The market research report demonstrates market dynamics which includes growth drivers, restraining factors and opportunities and trends spearheading current nature and future status of this market. Our general approach is to target several individuals with specific questions that we believed would satisfy our research objective. Further, to speed up the data collection process, we employed an online survey, delivered via email. The research team analyzed the results to identify potential opportunities and risks for the market.
In addition, the report offers recent industry activities and value chain analysis for the Architectural Coatings Market. Moreover, Porter’s Five Forces analysis demonstrates the five forces which include buyers bargaining power, suppliers bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in Architectural Coatings Market. Along with figures and tables, a market attractiveness and BPS analysis has been provided for every segment in the report.
Architectural Coatings Market Size & Forecast
Global Architectural Coatings market witnessed a market value of USD 65.9 billion in 2022 and is estimated to reach USD 109.4 billion in 2032, registering a compound annual growth rate (CAGR) of 6.3% between 2022 and 2032. The report analyses the market by geographies i.e. North America, Europe, Asia Pacific, Latin America & Middle East & Africa. Further, the geographies are fragmented into the country and regional groupings:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Architectural Coatings Market Segmentation
The research offers a comprehensive analysis of global Architectural Coatings market with respect to following sub-markets:
Based on Resin Type
- Acrylics
- Fluoropolymers
- Urethanes
- Metallic Additive
- Others (epoxy, poly alkyds, and amines)
Based on Formulation Type
- Solvent Bourne
- Water Bourne
Based on Application
- Residential
- Non-Residential
Architectural Coatings Market Competitive Landscape
The report also highlights the competitive landscape of the global Architectural Coatings market, market share and positioning of all the major players in the industry. The competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as company overview, financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, Form development, research & development and other market activities).
The report includes profiles of leading companies in the global Architectural Coatings market.
Architectural Coatings Market Key Players
- PPG
- AkzoNobel
- The Sherwin-Williams Co.
- RPM International Inc.
- E. I. du Pont de Nemours and Company
- Nippon Paint Holdings Co.
- Axalta Coating Systems
- The Valspar Corp.
- BASF Coatings
- Kansai Paint Co. Ltd.
- Asian Paints Ltd.
- Behr Process Corp.
- Other Major & Niche Key Players
Timeline Considered for Analysis:
- 2021 – Base Year
- 2022 – Estimated Year
- 2022 to 2032 – Forecasted Year
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Architectural Coatings Industry Report:
- What is the overall market size in 2021? What will be the market growth during the forecast period i.e. 2022-2032?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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- Publication date: 16th February 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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