Architectural Coatings Market

The report "Architectural Coatings Market by Resin Type (Acrylic, Alkyd, vinyl, Polyurethane), Technology (Waterborne, Solventborne), Coating Type (Interior and Exterior), User Type (DIY and Professional), Application, and Region - Global Forecast to 2028", size was USD 85.0 billion in 2023 and is projected to reach USD 102.7 billion by 2028, at a CAGR of 3.9%, between 2023 and 2028. The architectural coatings market is divided into five key regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America. China and India, among other nations, are the worldwide leaders in the architectural coatings industry. The Asia Pacific market is seeing rapid expansion, which is likely to continue due to increased residential building and enhanced house remodeling practices.

Browse 302 market data Tables and 62 Figures spread through 297 Pages and in-depth TOC on "Architectural Coatings Market by Resin Type (Acrylic, Alkyd, vinyl, Polyurethane), Technology (Waterborne, Solventborne), Coating Type (Interior and Exterior), User Type (DIY and Professional), Application, and Region - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/architectural-coatings-market-186634159.html

Waterborne coating segment is expected to account for the largest share in 2023.

Water-based coatings are coating systems that employ water as the primary solvent to spread the resin. They typically comprise 70-80% water and minor quantities of additional solvents, such as glycol ethers. Many residential and non-residential buildings are now painted with at least some layers of water-based paint. Solvents are used in liquid coatings to suspend paint pigments. As these solvents evaporate, harmful volatile organic compounds (VOCs) are released into the atmosphere. Water-based paint suspends paint pigments in water, lowering VOC emissions and making these coatings more ecologically friendly.

Acrylic segment is expected to account for the largest share in 2023.

Acrylic coatings are aqueous, easy to apply, and reasonably priced; they work well in a variety of applications, including roof and wall coating. They cure by water evaporation, have a decent degree of cohesive strength, and adhere well to most roof surfaces. Asia Pacific is driving demand for acrylic architectural coatings due to the region's expanding building sector. The construction sector contributed 7.6% of India's overall GDP in 2021. As a result, the government in the country is focusing on the development of construction and infrastructure services through various policies such as large budget allocations, open FDI, the Make in India initiative, and smart cities mission.

Europe is expected to account one of the largest share in 2023.

The economic slump of the last decade hampered the expansion of most European industries. However, demand for architectural coatings is expected to gradually recover as a result of initiatives and safety regulations implemented by various governments throughout the region. The market is being driven by Western European countries such as Germany, the United Kingdom, and France. The European architectural coatings industry is mature and growing slowly, owing to a progressive movement of manufacturing sectors to countries with strong demand and cheaper production costs. Market participants are focused on growing remodelling and restoration activities in the region, which is boosting the regional architectural coatings market. Significant private company investments in Europe's building industry also favor market expansion.

Major players operating in the architectural coatings include The Sherwin-Williams Company (US), PPG Industries, Inc (US), AkzoNobel N.V. (The Netherlands), BASF Coating GMBH (Germany), Jotun A/s (Norway), Asian Paints Limited (India), Kansai Paint Co., Ltd (Japan), Nippon Paint Holding Co., Ltd (Japan), RPM International, Inc (US), Masco Corporation (US), and others.

Don’t miss out on business opportunities in Architectural Coatings Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]