Architectural Coatings Market
By Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyurethane, Polyester,
others) By Technology Type (Water Based, Solvent Based) By Application (Residential,
Interior, Exterior, Non-residential, Interior, Exterior) and Region - Global
Forecast to 2024
Architectural
coatings are used to paint homes and buildings. Architectural paints composition
consists of body, resin and solvent. Architectural coatings serve the purpose
of decoration, durability and protective function. These coatings are applied
to the surface using sprayer, roller or brush.
Market Size and Forecast
Global
architectural coatings market is anticipated to grow at a significant CAGR over
the forecast period. Increasing number of commercial buildings across the globe
is envisioned to bolster the growth of global architectural coatings
market. Additionally, wide scale interior application such as
wall painting, furniture and others is expected to foster the growth of global
architectural coatings market.
In the
terms of region, Asia-Pacific accounted for revenue major share in the overall
architectural coatings market due to the presence of major architectural
coating manufacturers such as Nippon Paint Co. Ltd., Berger paints and other
companies. Furthermore, key manufacturers are shifting their manufacturing
bases in Asia-Pacific due to low cost of labor which in turn, is expected to
drive the growth of architectural paints market in Asia-Pacific region. Japan,
China and India are expected to be the major contributor to the growth of
Asia-Pacific architectural coatings market. India is anticipated to witness the
augmented demand for architectural coatings on the account of development of
smart cities by the government.
For Sample Pages
please go through link below: http://www.researchnester.com/sample-request/2/rep-id-415
Asia-Pacific
is expected to be followed by Europe and North America region. Europe
architectural coating market is forecasted to grow at significant CAGR due to
rising spending on residential and non-residential buildings in the region.
North America is expected to grow at a decent rate over the forecast period.
Increased activities of reconstruction and renovation of buildings is fuelling
the growth of architectural coatings market in North America region.
In the
resin type segment, acrylic sub segment accounted for more than 62% market
share in the global architectural coatings market in 2016. Factors such as
excellent durability and high gloss retention are increasing the overall
revenue of acrylic architectural coatings market.
Market Segmentation
Our
in-depth analysis segmented the global architectural coatings market in the
following segments:
By Resin
Type
·
Acrylic
·
Alkyd
·
Epoxy
·
Polyurethane
·
Polyester
·
Others
By Technology Type
·
Water
Based
·
Solvent
Based
By Application
·
Residential
o Interior
o Exterior
·
Non-residential
o Interior
o Exterior
By Region
Global
architectural coatings market is further classified on the basis of region as
follows:
·
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
·
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
·
Western
and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth &
Opportunity Analysis
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market
size, Y-O-Y growth & Opportunity Analysis
·
Middle
East and Africa (MEA) (GCC, South Africa, North Africa, Rest of MEA) Market
Size and Y-O-Y Growth Analysis
Growth Drivers & Challenges
Global
architectural coatings market is majorly driven by the rising number of
commercial building across the globe. Developing countries such as India and
China are witnessing the augmented demand for architectural coatings due to the
increasing construction activities and urbanization. This factor is anticipated
to foster the growth of global architectural coatings market during the
forecast period.
Technological
advancement in architectural coating is anticipated to drive the growth of
architectural coating market over the forecast period. New water borne
technologies and product developments such as anti-bacterial, anti-odor has
been recently developed by manufacturers. Furthermore, increasing adoption of
waterborne architectural coatings by the consumers is anticipated to drive the
growth of global architectural coatings market over the forecast period.
Apart from
this, rising inclination towards eco-friendly products is likely to escalate
the growth of global architectural market during 2017-2024. These coatings have
low volatile organic compounds (VOC), thus having very low impact on
environment. In addition to this, stringent government regulations and
standards about VOC emission is anticipated to positively impact the growth of
global architectural coatings market.
In contrast,
volatility in the raw material price is anticipated to dampen the growth of
global architectural coatings market.
Key Players
·
Akzo
Nobel NV
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
·
PPG
Industries Inc.
·
The
Sherwin-Williams Company
·
RPM
International Inc.
·
The
Valspar Corporation
·
Nippon
Paint Co. Ltd.
·
Kansai
Paint Co. Ltd.
·
Sherwin
Williams
·
Arkema
SA
·
Berger
Paints
Scope and
Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
architectural coatings market is segmented as follows:
·
By
Resin Type Market Size & Y-O-Y Growth Analysis
·
By
Technology Type Market Size & Y-O-Y Growth Analysis
·
By
Application Market Size & Y-O-Y Growth Analysis
·
By
Region Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
To know
more about this research, kindly visit: http://www.researchnester.com/reports/architectural-coatings-market-global-demand-analysis-opportunity-outlook-2024/415
For Table of Content &
Free Sample Report Contact:
Ajay
Daniel
Email:
ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
No comments:
Post a Comment