Global Architectural Coatings Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast
- PUBLISHED ON
- 5/24/2023
- NO OF PAGES
- 254
- CATEGORY
- Chemicals & Materials
The global Architectural Coatings market size was valued at USD 85,350 million in 2022 and is projected to reach USD 102,860 million by 2033, growing at a CAGR of 4.0% during the forecast period.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 85,350 million |
Market Forecast in 2033 | USD 102,860 million |
CAGR % 2023-2033 | 4.0% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Akzo Nobel N.V.; PPG Industries, Inc.; Sherwin-Williams Company; Nippon Paint Holdings Co., Ltd.; Axalta Coating Systems Ltd.; BASF SE; Asian Paints Limited; Kansai Paint Co., Ltd.; RPM International Inc.; Jotun Group |
Global Architectural Coatings Market- Description
The architectural coatings market refers to the market for paints and coatings used in architectural applications, primarily for protecting and enhancing the surfaces of buildings and structures. Architectural coatings include interior and exterior paints, primers, varnishes, stains, and other coatings specifically formulated for architectural use. Architectural coatings are paints and coatings designed for application on architectural surfaces such as walls, ceilings, roofs, and facades. These coatings provide protection, durability, aesthetic appeal, and other functional properties to enhance the appearance and performance of buildings and structures.
Global Architectural Coatings market: Key Trends
• Shift towards Water-Based Coatings:
There is a noticeable trend towards water-based architectural coatings, driven by factors such as environmental regulations, reduced VOC emissions, and consumer preferences for low-odor coatings. Water-based coatings offer ease of application, faster drying times, and improved durability, making them a popular choice in both residential and commercial applications.
• Demand for Specialty Finishes and Effects:
There is an increasing demand for specialty finishes and decorative effects in architectural coatings. Consumers are seeking unique and customized looks for their spaces, driving the demand for coatings that provide textures, metallic finishes, faux effects, and other decorative options. The market is witnessing the development and introduction of innovative coatings that offer such aesthetic enhancements.
Global Architectural Coatings market: Regional Analysis
The architectural coatings market can be analyzed based on regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe are mature markets for architectural coatings due to the presence of a well-established construction industry and a high demand for building renovation and maintenance. Stringent environmental regulations and increasing awareness of sustainable coatings contribute to market growth in these regions. The Asia Pacific region, including countries like China, India, and Japan, is experiencing rapid urbanization, infrastructure development, and a growing middle-class population. This drives the demand for architectural coatings for new construction projects and renovations.
Global Architectural Coatings market: Recent Development
• In 2022, PPG, a global coatings manufacturer based in Pittsburgh, announced the opening of a state-of-the-art laboratory in Milan, Italy, dedicated to architectural paint and coatings color automation. With an investment of $2.1 million (2 million euros), this facility aims to enhance the development process of paint color formulations by delivering up to 100,000 paint color matches annually. The company's objective is to accelerate the creation of new paint colors and improve existing ones. The advanced automation capabilities of the laboratory enable a wider range of products, enhanced paint color precision, and quicker time-to-market for new color collections.
Global Architectural Coatings market: Segmental Analysis
Resin Type
• Acrylic
• Alkyd
• Polyester
• Epoxy
• Polyurethane
• Others
Technology
• Water-based
• solvent-based
• powder coatings
• others.
Application
• Interior coatings
• exterior coatings
• primers
• varnishes
• stains
• others.
Global Architectural Coatings Market: Key Companies
• Akzo Nobel N.V.
• PPG Industries, Inc.
• Sherwin-Williams Company
• Nippon Paint Holdings Co., Ltd.
• Axalta Coating Systems Ltd.
• BASF SE
• Asian Paints Limited
• Kansai Paint Co., Ltd.
• RPM International Inc.
• Jotun Group
• Others
Global Architectural Coatings Market: Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2018-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification.
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