Architectural Coatings Market

Architectural Coatings Market by Resin Type (Acrylic, Alkyd), Technology (Waterborne, Solventborne, Powder), User Type (DIY, Professional), Coating Type (Interior, Exterior), Application (Residential, Non-Residential) and Region - Global Forecast to 2023

Report Code: CH 3420 Apr, 2019, by marketsandmarkets.com

[170 Pages Report] The market of Architectural coatings is projected to grow from USD 65.0 billion in 2018 to USD 82.4 billion by 2023, at a CAGR of 4.9%, during the forecast period. The global architectural coatings market is witnessing high growth on account of increasing applications, technological advancements, and the growing demand in APAC. The economic growth in developing countries, increasing investment in infrastructure, stringent environmental regulations, growing purchasing power, and the rising demand for green and environmentally friendly coatings are also leading to the growth of the market.

Architectural Coatings Market

Acrylic Resin Accounted For The Largest Share Of The Architectural Coatings Market, 2017

The acrylic segment accounted for the largest share in 2017 because of its usage in major architectural coatings. The weathering and oxidation resistance of acrylics is better than oil-based paints, alkyds, or epoxies as the chief components of acrylic polymers provide a polymer structure that has little tendency to absorb UV light. Moreover, acrylics possess good color and gloss retention. They are well known for their durability as they protect the underlying substrate from degradation caused by exposure to rain, snow, wind, and UV light.

Architectural Coatings Market

APAC is the largest Architectural coatings market

APAC is projected to be the fastest-growing market, in terms of both volume and value, during the forecast period. The Architectural coatings market in APAC is estimated to account for the largest share, in terms of both volume and value, in 2018. The APAC Architectural coatings market is driven by the growing population and economic growth. Both the residential and non-residential sectors in China and India are expected to develop during the forecast period, which, in turn, will drive the the demand for Architectural coatings from this region.

Key Market Players

PPG Industries, Inc. (US), Akzo Nobel N.V. (Netherlands), The Sherwin-Williams Company (US), Kansai Paints Co., Ltd. (Japan), Asian Paints Limited (India), and Nippon Paint Holdings Co., Ltd. (Japan). Some of the other players operating in the global market include BASF SE (Germany), Masco Corporation (US), Jotun Group (Norway), and RPM International Inc. (US).

Sherwin-Williams is a diversified paints and coatings company. It is a global leader in the manufacturing, development, distribution, and sale of decorative paints and coatings and related products to professional, industrial, commercial, and retail customers. It has a strong customer base and operates in several countries of Europe, North America, and APAC.

Scope of the report

Report Metric

Details

Years considered for the study

2016-2023

Base year

2017

Forecast period

2018–2023

Units considered

Value (USD million) and Volume (Kiloton)

Segments

Resin Type, Technology, User Type, Application, and Region

Regions

North America, Europe, APAC, South America, Middle East & Africa

Companies

PPG Industries, Inc. (US), Akzo Nobel N.V. (Netherlands), The Sherwin-Williams Company (US), Kansai Paints Co., Ltd. (Japan), Asian Paints Limited (India), and Nippon Paint Holdings Co., Ltd. (Japan). Some of the other players operating in the global market include BASF SE (Germany), Masco Corporation (US), Jotun Group (Norway), and RPM International Inc. (US) A total of 28 players are covered.

This research report categorizes the architectural coatings market based on Resin Type, Technology, User Type, Application, and Region.

On the basis of resin type, the architectural coatings market has been segmented as follows:

  • Acrylic
  • Alkyd
  • Vinyl
  • Polyurethane
  • Others (Epoxy, Unsaturated polyester resin, Saturated polyester resin)

On the basis of technology, the architectural coatings market has been segmented as follows:

  • Waterborne
  • Solventborne 
  • Powder Coating

On the basis of user type, the architectural coatings market has been segmented as follows:

  • DIY
  • Professional

On the basis of application, the architectural coatings market has been segmented as follows:

  • Residential
    • New construction
    • Remodel and Repair
  • Non-Residential

Recent Developments

  • In June 2017, Sherwin-Williams Co. completed the acquisition of the Valspar Corp., a Minneapolis-based global paints & coatings company, for about USD 11.3 billion.
  • In May 2014, Sherwin-Williams Co. entered into a joint venture with Red Sea Housing Services Company to launch its premium paints company in Saudi Arabia, which helped the company to grow faster and cater to the demand from the Middle East.

Critical questions the report answers:

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming applications of Architectural coatings?
  • Which segment has the potential to register the highest market share?
  • What is the current competitive landscape in the Architectural coatings market in terms of new technologies, production, and sales?
  • What will be the future of the Architectural coatings?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Segmentation
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumption
    2.5 Limitation

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the Architectural Coatings Market
    4.2 Architectural Coatings Market Growth, By Resin Type
    4.3 APAC Architectural Coatings Market, By Technology and Country
    4.4 Overview of Architectural Coatings Market
    4.5 Architectural Coatings Market: Developed vs. Developing Countries
    4.6 Architectural Coatings Market: Growing Demand From APAC

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand From the Construction Industry
                    5.2.1.2 Environmentally-Friendly Coating Systems
                    5.2.1.3 Durable Coatings With Better Performance and Aesthetics
                    5.2.1.4 Rising Per Capita Paint Consumption in APAC
           5.2.2 Opportunities
                    5.2.2.1 Opportunities in Less Regulated Regions
                    5.2.2.2 Investments in Emerging Markets
           5.2.3 Challenges
                    5.2.3.1 Stringent and Time-Consuming Regulatory Policies
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Buyers
           5.3.4 Bargaining Power of Suppliers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macro Indicator Analysis
           5.4.1 Introduction
           5.4.2 Trends and Forecast of GDP
           5.4.3 Trends and Forecast of the Global Construction Industry

6 Architectural Coatings Market, By Resin Type (Page No. - 44)
    6.1 Introduction
    6.2 Acrylic Resin
           6.2.1 Acrylic Resins are the Largest Category of Binder Resins Used in Architectural Coatings
    6.3 Alkyd Resin
           6.3.1 Solventborne Alkyd Coatings Account for A Larger Market Share Than Waterborne Alkyd Coatings
    6.4 Vinyl Resin
           6.4.1 Vinyl Copolymers Produce Air-Drying Coatings That Have Excellent Toughness and Good Resistance to Water and Chemicals
    6.5 Polyurethane Resin
           6.5.1 Interiors & Furniture Coating is One of the Major End-Use Industries of Polyurethane Coatings
    6.6 Others
           6.6.1 Epoxy Resin
           6.6.2 Unsaturated Polyester Resin
           6.6.3 Saturated Polyester Resin

7 Architectural Coatings Market, By Technology (Page No. - 54)
    7.1 Introduction
    7.2 Waterborne Coatings
           7.2.1 Increasing Residential Construction and Improved Home Remodeling Practices are Expected to Drive the Waterborne Coatings Market in the Developing Countries of APAC
    7.3 Solventborne Coatings
           7.3.1 Owing to Lower Environmental Regulations, APAC to Register the Highest Cagr in the Solventborne Architectural Coatings Market
    7.4 Powder Coatings
           7.4.1 Lower Operating Costs, High Operating Efficiencies, No Voc Emissions, Non-Flammability, and Low Spark Hazards are Spurring the Demand for Powder Coatings

8 Architectural Coatings Market, By Coating Type (Page No. - 63)
    8.1 Introduction
    8.2 Interior
    8.3 Exterior
    8.4 Others
           8.4.1 Flooring
           8.4.2 Roofing
           8.4.3 Wood

9 Architectural Coatings Market, By User Type (Page No. - 67)
    9.1 Introduction
    9.2 DIY
           9.2.1 Improved Aesthetic Requirements are Shifting the Demand From DIY Toward Professional Coaters
    9.3 Professional
           9.3.1 Easy Availability of Professionals is Increasing the Demand for Professional Coaters

10 Architectural Coatings Market, By Application (Page No. - 71)
     10.1 Introduction
     10.2 Residential
             10.2.1 Better Economic Growth and Higher Incomes are Boosting the Demand for Residential Architectural Coatings
             10.2.2 New Construction
             10.2.3 Remodel and Repaint
     10.3 Non-Residential
             10.3.1 Increased Commercial and Industrial Developments to Drive the Market
             10.3.2 Commercial
             10.3.3 Industrial
             10.3.4 Infrastructure

11 Architectural Coatings Market, By Region (Page No. - 78)
     11.1 Introduction
     11.2 APAC
             11.2.1 China
                        11.2.1.1 Foreign Investment to Drive the Architectural Coatings Market
             11.2.2 India
                        11.2.2.1 A Boom in the Real Estate Industry to Drive the Architectural Coatings Market
             11.2.3 Japan
                        11.2.3.1 Investments in Residential and Infrastructural Markets By Public and Private Sectors are Expected to Boost the Demand
             11.2.4 Australia & New Zealand
                        11.2.4.1 Increased Activities in the Residential Construction and Renovation Sectors are Driving the Market
             11.2.5 Indonesia
                        11.2.5.1 Availability of Cheap Raw Materials and Labor in Comparison to Other APAC Countries
             11.2.6 Thailand
                        11.2.6.1 Increasing Customer Awareness About Aesthetics and Functionalities of Decorative Coating Products to Boost the Demand for Architectural Coatings
             11.2.7 Malaysia
                        11.2.7.1 Strong Construction Activities to Drive the Growth of the Architectural Coatings Market
             11.2.8 Rest of APAC
     11.3 North America
             11.3.1 US
                        11.3.1.1 Increasing Residential and Non-Residential Constructions to Boost the Architectural Coatings Segment
             11.3.2 Canada
                        11.3.2.1 Construction Industry to Be the Major Contributor to Architectural Coatings Market Growth
             11.3.3 Mexico
                        11.3.3.1 New Construction in the Residential Segment to Drive the Architectural Coatings Market
     11.4 Europe
             11.4.1 Germany
                        11.4.1.1 Favorable Economic Environment for the Construction Sector Coupled With Rising Demand for New Homes From New Migrants to Drive the Market 101
             11.4.2 Russia
                        11.4.2.1 Growing Population is Leading to A Rise in the Applications of the Architectural Coating
             11.4.3 Uk
                        11.4.3.1 The Growing Construction Sector Along With Government Spending Will Boost the Demand for Architectural Coatings
             11.4.4 France
                        11.4.4.1 Reviving Economy Coupled With an Investment in Infrastructure is Expected to Boost the Demand for Architectural Coatings
             11.4.5 Italy
                        11.4.5.1 New Project Finance Rules and Investment Policies in the Construction Sector to Drive the Market
             11.4.6 Spain
                        11.4.6.1 Growth in the Residential Construction Sector to Spur the Demand for Architectural Coatings
             11.4.7 Turkey
                        11.4.7.1 Rapid Urbanization, Rising Middle-Class Population, Increasing Purchasing Power, and the Growing Housing Sector Will Create Strong Demand for Coatings
             11.4.8 Rest of Europe
     11.5 Middle East & Africa
             11.5.1 Saudi Arabia
                        11.5.1.1 Mega Housing Projects are Expected to Boost the Architectural Coatings Demand
             11.5.2 South Africa
                        11.5.2.1 There is A Substantial Demand for Architectural Coatings in Building Projects
             11.5.3 Rest of Middle East & Africa
     11.6 South America
             11.6.1 Brazil
                        11.6.1.1 Rising Home Ownership and Living Standards, and Easier Credit Availability are Expected to Fuel the Demand for Architectural Coatings
             11.6.2 Colombia
                        11.6.2.1 Increase in Population and Improved Economic Conditions are Expected to Lead to A High Demand for Architectural Coatings
             11.6.3 Rest of South America

12 Competitive Landscape (Page No. - 114)
     12.1 Overview
     12.2 Competitive Leadership Mapping, 2018
             12.2.1 Visionary Leaders
             12.2.2 Innovators
             12.2.3 Dynamic Differentiators
             12.2.4 Emerging Companies
     12.3 Competitive Benchmarking
             12.3.1 Strength of Product Portfolio
             12.3.2 Business Strategy Excellence
     12.4 Market Ranking of Key Players
     12.5 Competitive Situation & Trends
             12.5.1 Investments & Expansions
             12.5.2 Mergers & Acquisitions
             12.5.3 New Product Launches
             12.5.4 Joint Ventures

13 Company Profiles (Page No. - 124)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     13.1 The Sherwin‐Williams Company
     13.2 PPG Industries, Inc.
     13.3 Akzo Nobel N.V.
     13.4 BASF SE
     13.5 Asian Paints Limited
     13.6 Kansai Paint Co., Ltd.
     13.7 Nippon Paint Holdings Co., Ltd.
     13.8 Masco Corporation
     13.9 Jotun Group
     13.1 RPM International Inc.
     13.11 Other Companies
             13.11.1 Hempel A/S
             13.11.2 Tikkurila OYJ
             13.11.3 DAW SE
             13.11.4 Cromology (Formerly Materis Paints)
             13.11.5 Duluxgroup Ltd.
             13.11.6 Diamond-Vogel Paint Company
             13.11.7 Benjamin Moore & Co.
             13.11.8 Kelly-Moore Paints
             13.11.9 Brillux GmbH & Co. Kg
             13.11.10 Berger Paints India Limited
             13.11.11 Carpoly Chemical Group Co., Ltd.
             13.11.12 Cloverdale Paint Inc.
             13.11.13 STO Corp.
             13.11.14 Lanco Paints
             13.11.15 Pintuco
             13.11.16 Guangdong Maydos Building Materials Co., Ltd
             13.11.17 H-I-S Coatings and Paint Manufacturing Co.
             13.11.18 Fujikura Kasei Co., Ltd.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 

14 Appendix (Page No. - 164)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details


List of Tables (106 Tables)

Table 1 Architectural Coatings Market Snapshot, 2018 vs. 2023
Table 2 Major Players Profiled in This Report
Table 3 GDP Percentage of Key Countries, 2018–2023
Table 4 Trends and Forecast of the Construction Industry in North America, By Country, 2015–2022 (USD Billion)
Table 5 Trends and Forecast of the Construction Industry in Europe, By Country, 2015–2022 (USD Billion)
Table 6 Trends and Forecast of the Construction Industry in APAC, By Country, 2015–2022 (USD Billion)
Table 7 Trends and Forecast of the Construction Industry in the Middle East & Africa, By Country, 2015–2022 (USD Billion)
Table 8 Trends and Forecast of Construction Industry in South America, By Country, 2015–2022 (USD Billion)
Table 9 Architectural Coatings Market Size, By Resin Type, 2016–2023 (USD Million)
Table 10 Market Size, By Resin Type, 2016–2023 (Kiloton)
Table 11 Properties and Applications of Acrylic Resins
Table 12 Acrylic Architectural Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 13 Market Size, By Region, 2016–2023 (Kiloton)
Table 14 Properties and Applications of Acrylic Resins
Table 15 Alkyd Architectural Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 16 Market Size, By Region, 2016–2023 (Kiloton)
Table 17 Properties and Applications of Vinyl Resins
Table 18 Vinyl Architectural Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 19 Market Size, By Region, 2016–2023 (Kiloton)
Table 20 Properties and Applications of Polyurethane Resins
Table 21 Polyurethane Architectural Coatings Market Size, By Region,2016–2023 (USD Million)
Table 22 Market Size, By Region, 2016–2023 (Kiloton)
Table 23 Other Architectural Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 24 Other Market Size, By Region, 2016–2023 (Kiloton)
Table 25 Architectural Coatings Market Size, By Technology, 2016–2023 (USD Million)
Table 26 Market Size, By Technology, 2016–2023 (Kiloton)
Table 27 Waterborne: Architectural Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 28 Waterborne: Market Size, By Region, 2016–2023 (Kiloton)
Table 29 Solventborne: Architectural Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 30 Solventborne: Market Size, By Region, 2016–2023 (Kiloton)
Table 31 Powder Coatings: Architectural Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 32 Powder Coatings: Market Size, By Region, 2016–2023 (Kiloton)
Table 33 Architectural Coatings Market Size, By Coating Type, 2016–2023 (USD Million)
Table 34 Market Size, By Coating Type, 2016–2023 (Kiloton)
Table 35 Architectural Coatings Market Size, By User Type, 2016–2023 (USD Million)
Table 36 Market Size, By User Type, 2016–2023 (Kiloton)
Table 37 DIY Architectural Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 38 Market Size, By Region, 2016–2023 (Kiloton)
Table 39 Professional Architectural Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 40 Market Size, By Region, 2016–2023 (Kiloton)
Table 41 Architectural Coatings Market Size, By Application, 2016–2023 (USD Million)
Table 42 Market Size, By Application, 2016–2023 (Kiloton)
Table 43 Architectural Coatings Market Size in Residential, By Region, 2016–2023 (USD Million)
Table 44 Market Size in Residential, By Region, 2016–2023 (Kiloton)
Table 45 New Construction Architectural Coatings Market Size in Residential, By Region, 2016–2023 (USD Million)
Table 46 Market Size in Residential, By Region, 2016–2023 (Kiloton)
Table 47 Remodel and Repaint Architectural Coatings Market Size in Residential, By Region, 2016–2023 (USD Million)
Table 48 Market Size in Residential, By Region, 2016–2023 (Kiloton)
Table 49 Architectural Coatings Market Size in Non-Residential, By Region, 2016–2023 (USD Million)
Table 50 Market Size in Non-Residential, By Region, 2016–2023 (Kiloton)
Table 51 Architectural Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 52 Market Size, By Region, 2016–2023 (Kiloton)
Table 53 APAC: Architectural Coatings Market Size, By Country, 2016–2023 (USD Million)
Table 54 APAC: Coatings in Architecture Market Size, By Country, 2016–2023 (Kiloton)
Table 55 APAC: Market Size, By Resin Type, 2016–2023 (USD Million)
Table 56 APAC: Coatings in Architecture Market Size, By Resin Type, 2016–2023 (Kiloton)
Table 57 APAC: Market Size, By Technology, 2016–2023 (USD Million)
Table 58 APAC: Coatings in Architecture Market Size, By Technology, 2016–2023 (Kiloton)
Table 59 APAC: Market Size, By Application, 2016–2023 (USD Million)
Table 60 APAC: Coatings in Architecture Market Size, By Application, 2016–2023 (Kiloton)
Table 61 APAC: Market Size, By User Type, 2016–2023 (USD Million)
Table 62 APAC: Coatings in Architecture Market Size, By User Type, 2016–2023 (Kiloton)
Table 63 North America: Architectural Coatings Market Size, By Country, 2016–2023 (USD Million)
Table 64 North America: Coatings in Architecture Market Size, By Country, 2016–2023 (Kiloton)
Table 65 North America: Market Size, By Resin Type, 2016–2023 (USD Million)
Table 66 North America: Coatings in Architecture Market Size, By Resin Type, 2016–2023 (Kiloton)
Table 67 North America: Market Size, By Technology, 2016–2023 (USD Million)
Table 68 North America: Coatings in Architecture Market Size, By Technology, 2016–2023 (Kiloton)
Table 69 North America: Market Size, By Application, 2016–2023 (USD Million)
Table 70 North America: Coatings in Architecture Market Size, By Application, 2016–2023 (Kiloton)
Table 71 North America: Market Size, By User Type, 2016–2023 (USD Million)
Table 72 North America: Coatings in Architecture Market Size, By User Type, 2016–2023 (Kiloton)
Table 73 Europe: Architectural Coatings Market Size, By Country, 2016–2023 (USD Million)
Table 74 Europe: Market Size, By Country, 2016–2023 (Kiloton)
Table 75 Europe: Coatings in Architecture Market Size, By Resin Type, 2016–2023 (USD Million)
Table 76 Europe: Market Size, By Resin Type, 2016–2023 (Kiloton)
Table 77 Europe: Coatings in Architecture Market Size, By Technology, 2016–2023 (USD Million)
Table 78 Europe: Market Size, By Technology, 2016–2023 (Kiloton)
Table 79 Europe: Coatings in Architecture Market Size, By Application, 2016–2023 (USD Million)
Table 80 Europe: Market Size, By Application, 2016–2023 (Kiloton)
Table 81 Europe: Coatings in Architecture Market Size, By User Type, 2016–2023 (USD Million)
Table 82 Europe: Market Size, By User Type, 2016–2023 (Kiloton)
Table 83 Middle East & Africa: Architectural Coatings Market Size, By Country, 2016–2023 (USD Million)
Table 84 Middle East & Africa: Market Size, By Country, 2016–2023 (Kiloton)
Table 85 Middle East & Africa: Coatings in Architecture Market Size, By Resin Type, 2016–2023 (USD Million)
Table 86 Middle East & Africa: Market Size, By Resin Type, 2016–2023 (Kiloton)
Table 87 Middle East & Africa: Coatings in Architecture Market Size, By Technology, 2016–2023 (USD Million)
Table 88 Middle East & Africa: Market Size, By Technology, 2016–2023 (Kiloton)
Table 89 Middle East & Africa: Coatings in Architecture Market Size, By Application, 2016–2023 (USD Million)
Table 90 Middle East & Africa: Market Size, By Application, 2016–2023 (Kiloton)
Table 91 Middle East & Africa: Coatings in Architecture Market Size, By User Type, 2016–2023 (USD Million)
Table 92 Middle East & Africa: Market Size, By User Type, 2016–2023 (Kiloton)
Table 93 South America: Architectural Coatings Market Size, By Country, 2016–2023 (USD Million)
Table 94 South America: Market Size, By Country, 2016–2023 (Kiloton)
Table 95 South America: Market Size, By Resin Type, 2016–2023 (USD Million)
Table 96 South America: Market Size, By Resin Type, 2016–2023 (Kiloton)
Table 97 South America: Market Size, By Technology, 2016–2023 (USD Million)
Table 98 South America: Market Size, By Technology, 2016–2023 (Kiloton)
Table 99 South America: Market Size, By Application, 2016–2023 (USD Million)
Table 100 South America: Market Size, By Application, 2016–2023 (Kiloton)
Table 101 South America: Market Size, By User Type, 2016–2023 (USD Million)
Table 102 South America: Market Size, By User Type, 2016–2023 (Kiloton)
Table 103 Investments & Expansions (2014–2018)
Table 104 Mergers & Acquisitions (2014–2018)
Table 105 New Product Launches (2014–2018)
Table 106 Joint Ventures (2014–2018)


List of Figures (50 Figures)

Figure 1 Architectural Coatings Market: Research Design
Figure 2 Architectural Coatings Market: Bottom-Up Approach
Figure 3 Architectural Coatings Market: Top-Down Approach
Figure 4 Architectural Coatings Market: Data Triangulation
Figure 5 Acrylic Resin Accounted for the Largest Share of the Architectural Coatings Market, 2017
Figure 6 Waterborne Technology Accounted for the Largest Share of the Architectural Coatings Market, 2017
Figure 7 Residential Coatings Was the Largest Application in 2017
Figure 8 APAC Accounted for the Largest Market Share in 2017
Figure 9 Architectural Coatings Market to Witness Moderate Growth During the Forecast Period
Figure 10 Acrylic to Be the Fastest-Growing Segment Between 2018 and 2023
Figure 11 China and Waterborne Coatings Segment Accounted for the Largest Share in the APAC Architectural Coatings Market in 2017
Figure 12 India to Emerge as A Lucrative Market for Architectural Coatings During the Forecast Period
Figure 13 Developing Markets to Grow Faster Than Developed Markets
Figure 14 China to Account for the Largest Market Share
Figure 15 Drivers, Opportunities, and Challenges in the Architectural Coatings Market
Figure 16 Porter’s Five Forces Analysis: Architectural Coatings Market
Figure 17 Acrylic Resins Accounted for the Largest Market Share(Value) in 2017
Figure 18 Waterborne Coatings Segment Accounted for the Largest Share in the Overall Architectural Coatings Market (Value) 2017
Figure 19 Waterborne Coatings: Types
Figure 20 Drivers and Restraints: Waterborne Coatings
Figure 21 Powder Coatings: Types
Figure 22 Drivers and Restraints: Powder Coatings
Figure 23 Interior Accounted for the Largest Share of the Overall Architectural Coatings Market (Value) in 2017
Figure 24 Professional Segment Accounted for the Larger Share in the Architectural Coatings Market (Value), 2017
Figure 25 Residential Accounted for the Larger Share in the Overall Architectural Coatings Market (Value), 2017
Figure 26 India to Register the Highest Cagr Between 2018 and 2023
Figure 27 APAC: Architectural Coatings Market Snapshot
Figure 28 APAC: Major Architectural Coating Players
Figure 29 North America: Architectural Coatings Market Snapshot
Figure 30 North America: Major Architectural Coating Players
Figure 31 Europe: Architectural Coatings Market Snapshot
Figure 32 Europe: Major Architectural Coating Players
Figure 33 South America: Major Architectural Coating Players
Figure 34 Companies Adopted Merger & Acquisition as the Key Strategy Between 2014 and 2018
Figure 35 Architectural Coatings Market: Competitive Leadership Mapping, 2018
Figure 36 The Sherwin‐Williams Company: Company Snapshot
Figure 37 The Sherwin‐Williams Company: SWOT Analysis
Figure 38 PPG Industries, Inc.: Company Snapshot
Figure 39 PPG Industries, Inc.: SWOT Analysis
Figure 40 Akzo Nobel N.V.: Company Snapshot
Figure 41 Akzo Nobel N.V.: SWOT Analysis
Figure 42 BASF SE: Company Snapshot
Figure 43 BASF SE: SWOT Analysis
Figure 44 Asian Paints Limited: Company Snapshot
Figure 45 Asian Paints Limited: SWOT Analysis
Figure 46 Kansai Paint Co., Ltd.: Company Snapshot
Figure 47 Nippon Paint Holdings Co., Ltd.: Company Snapshot
Figure 48 Masco Corporation: Company Snapshot
Figure 49 Jotun Group: Company Snapshot
Figure 50 RPM International Inc.: Company Snapshot

The study has involved four major activities to estimate the current market size of architectural coatings. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation methods were used to estimate the size of the segments and subsegments of the overall market.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to identify and collect information for this study. These secondary sources also included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; food safety organizations; regulatory bodies; trade directories; and databases.

Primary Research

The architectural coatings market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations. The demand side of this market is characterized by the development of the end-use industries such as HVAC, automotive & transportation, and others. The supply side is characterized by advancements in technology and diverse applications. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Architectural Coatings Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the architectural coatings market. These methods were also used extensively to estimate the sizes of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To analyze and forecast the architectural coatings market, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze and forecast the size of the market on the basis of resin type, technology, user type, application, and region
  • To estimate and forecast the market size on the basis of five regions, namely, Europe, Asia Pacific (APAC), North America, the Middle East & Africa, and South America
  • To estimate and forecast the architectural coatings market at the country-level in each of the regions
  • To analyze the market opportunities and competitive landscape of the market leaders and stakeholders
  • To analyze the competitive developments such as new product launch, investment & expansion, merger & acquisition, and joint ventures in the architectural coatings market
  • To strategically identify and profile the key market players and analyze their core competencies1

Note: Core competencies1 of the companies are determined in terms of their key developments and key strategies to sustain in the market.

Available Customizations

MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the architectural coatings market, by country

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Report Code
CH 3420
Published ON
Apr, 2019
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