All updated as on -
By 2030, the global market for architectural coatings is projected to be worth USD 108.9 billion, with a CAGR of 7.7 percent between 2022 and 2030.
Architectural coatings are special coating formulations used on buildings. Decorative coatings is another name for them. Architectural coatings encompass a wide variety of materials, such as paint, primer, ink, sealer, ceramic, and more. Given their widespread use across a building's interior and exterior, architectural coatings must be impervious to a wide range of contaminants. Heat, moisture, changes in the weather, chemicals, and other substances fall into this category.
Global Architectural Coatings Market and the Effects of COVID 19
Supply chain issues, interrupted or halted production, travel bans, and a lack of subcontractors and raw supplies all contributed to a drop in demand from the aerospace, automotive, and construction industries during the COVID 19 pandemic. However, after the COVID-19 pandemic, building and general industrial sectors are expected to expand their demands for architectural coatings. The expansion of nanocoating's use cases also presents growth opportunities.
Market-Driving Factors
The growth in construction activity, especially in the emerging economies of Asia and the Pacific, is the primary factor propelling the global architectural coatings market. The public's growing awareness of the risks of volatile organic compound (VOC) emissions from architectural coatings is also driving the industry. The estimate also indicates that the worldwide architectural coatings industry would expand as a result of the shift from solvent-borne to water-borne coating formulations. Opportunities for expansion in the architectural coatings market are expected to arise from the construction industry's rapid expansion, as well as from urbanisation and industrialization. Demand is expected to increase as more people learn about coating materials and the advantages of using them. Over the projected period, the market for architectural coatings around the world is expected to benefit from the growing interest in environmentally friendly coatings.
The worldwide architectural coatings market is split up into submarkets based on the resins used to make the coatings, such as acrylics, alkyds, epoxy, urethanes, vinyl, and others. Among these, the acrylics category is expected to have the greatest market share in the coming years. The capacity to emit UV rays and the robust polymeric structure are responsible for the expansion. Acrylics, besides this, can keep their original gloss and colour saturation. In addition to these benefits, it also protects the substrate from environmental hazards and increases its longevity. However, epoxy is expected to grow at the quickest rate of any market category throughout the predicted time frame. Epoxy's rising use as a coating material is responsible for the expansion. Epoxy architectural coatings are becoming increasingly popular in the home building and remodelling industries. Epoxy coatings are expected to see increased demand throughout the projected period, primarily due to rising demand in industrial applications.
The worldwide architectural coatings market is broken down into three different types based on their application method: water borne, powder, and solvent borne. The market share for solvent-based coatings is expected to grow at a faster rate than that of any other type of coating over the projected period. Solvent based coatings are very resistant to harsh environments and can be used in a wide variety of settings, including homes and businesses. However, solvent-based coatings have a longer storage life, and the volatile organic compounds (VOCs) released during production will slow the industry.
Report Coverage
Global Architectural Coatings research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Architectural Coatings report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Architectural Coatings competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Architectural Coatings market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Architectural Coatings market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Architectural Coatings market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
PPG Industries, Asian Paints, Nippon Paints, The Sherwin-Williams Company, Axalta Coatings, RPM International Inc., The Valspar Corporation, Midwest Industrial Coatings Inc., Sumter Coatings, BASF SE
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Architectural Coatings market based on the below-mentioned segments:
Global Architectural Coatings Market, By Resin Type
Acrylics
Alkyds
Epoxy
Urethanes
Vinyl
Others
Global Architectural Coatings market, By Technology
Water borne
Solvent borne
Powder
Global Architectural Coatings market, Regional Analysis
Architectural coatings are special coating formulations used on buildings. Decorative coatings is another name for them. Architectural coatings encompass a wide variety of materials, such as paint, primer, ink, sealer, ceramic, and more. Given their widespread use across a building's interior and exterior, architectural coatings must be impervious to a wide range of contaminants. Heat, moisture, changes in the weather, chemicals, and other substances fall into this category.
Global Architectural Coatings Market and the Effects of COVID 19
Supply chain issues, interrupted or halted production, travel bans, and a lack of subcontractors and raw supplies all contributed to a drop in demand from the aerospace, automotive, and construction industries during the COVID 19 pandemic. However, after the COVID-19 pandemic, building and general industrial sectors are expected to expand their demands for architectural coatings. The expansion of nanocoating's use cases also presents growth opportunities.
Market-Driving Factors
The growth in construction activity, especially in the emerging economies of Asia and the Pacific, is the primary factor propelling the global architectural coatings market. The public's growing awareness of the risks of volatile organic compound (VOC) emissions from architectural coatings is also driving the industry. The estimate also indicates that the worldwide architectural coatings industry would expand as a result of the shift from solvent-borne to water-borne coating formulations. Opportunities for expansion in the architectural coatings market are expected to arise from the construction industry's rapid expansion, as well as from urbanisation and industrialization. Demand is expected to increase as more people learn about coating materials and the advantages of using them. Over the projected period, the market for architectural coatings around the world is expected to benefit from the growing interest in environmentally friendly coatings.
The worldwide architectural coatings market is split up into submarkets based on the resins used to make the coatings, such as acrylics, alkyds, epoxy, urethanes, vinyl, and others. Among these, the acrylics category is expected to have the greatest market share in the coming years. The capacity to emit UV rays and the robust polymeric structure are responsible for the expansion. Acrylics, besides this, can keep their original gloss and colour saturation. In addition to these benefits, it also protects the substrate from environmental hazards and increases its longevity. However, epoxy is expected to grow at the quickest rate of any market category throughout the predicted time frame. Epoxy's rising use as a coating material is responsible for the expansion. Epoxy architectural coatings are becoming increasingly popular in the home building and remodelling industries. Epoxy coatings are expected to see increased demand throughout the projected period, primarily due to rising demand in industrial applications.
The worldwide architectural coatings market is broken down into three different types based on their application method: water borne, powder, and solvent borne. The market share for solvent-based coatings is expected to grow at a faster rate than that of any other type of coating over the projected period. Solvent based coatings are very resistant to harsh environments and can be used in a wide variety of settings, including homes and businesses. However, solvent-based coatings have a longer storage life, and the volatile organic compounds (VOCs) released during production will slow the industry.
Report Coverage
Global Architectural Coatings research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Architectural Coatings report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Architectural Coatings competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Architectural Coatings market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | PPG Industries, Asian Paints, Nippon Paints, The Sherwin-Williams Company, Axalta Coatings, RPM International Inc., The Valspar Corporation, Midwest Industrial Coatings Inc., Sumter Coatings, BASF SE |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Architectural Coatings Market from 2021 to 2030.
- Market Forecast for Architectural Coatings Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Architectural Coatings competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Architectural Coatings
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Architectural Coatings market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Architectural Coatings market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
PPG Industries, Asian Paints, Nippon Paints, The Sherwin-Williams Company, Axalta Coatings, RPM International Inc., The Valspar Corporation, Midwest Industrial Coatings Inc., Sumter Coatings, BASF SE
Primary Target Market
- Market Players of Architectural Coatings
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Architectural Coatings market based on the below-mentioned segments:
Global Architectural Coatings Market, By Resin Type
Acrylics
Alkyds
Epoxy
Urethanes
Vinyl
Others
Global Architectural Coatings market, By Technology
Water borne
Solvent borne
Powder
Global Architectural Coatings market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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