Architectural Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Architectural Coatings Market Analysis Report is segmented by Technology (Water-borne and Solvent-borne), Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types), End-use sub-segment (Commercial and Residential), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for Architectural Coatings Market in revenue (USD Million) and Volume (Kilotons) for all the above segments.

Architectural Coatings Market Size

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Architectural Coatings Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 72.51 Billion
Market Size (2029) USD 90.70 Billion
CAGR (2024 - 2029) 4.58 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Architectural Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Architectural Coatings Market Analysis

The Architectural Coatings Market size is estimated at USD 72.51 billion in 2024, and is expected to reach USD 90.70 billion by 2029, growing at a CAGR of 4.58% during the forecast period (2024-2029).

The construction sector is a major driver of the Architecture Coatings Market. These coatings have several advantages including corrosion resistance, UV rays protection, etc. Vinyl Acetate is the common type of Architecture coating in use. Architecture Infrastructure is expected to see a rise in demand for Market Studied.

  • Increasing demand for Low VOC Coatings is creating various opportunities in this Market.
  • Increasing Global Warming Concern across the globe is demanding safe and energy-saving coatings for office buildings, residential homes, etc.
  • Asia-Pacific is expected to dominate the global market, during the forecast period.

Architectural Coatings Market Trends

This section covers the major market trends shaping the Architectural Coatings Market according to our research experts:

Increasing Demand from Residential Sector

  • Among the end-user segments, the residential segment dominated the construction sector in 2021, generating the highest demand for architectural coatings in the global market.
  • In China, there has been a significant increase in demand for residential houses in the recent past. With the prices of the residential houses at an all time low when compared to the previous years the demand for the residential houses has increased to a greater extent there by increasing the demand for architectural coatings.  
  • Similarly, in the United States, residential paint consumption saw high growth in 2022. According to the United States Cnesus Board and United States Department of Housing and Urban Development the number of private houses construction increased by 1.1% in August 2022 compared to 1,655,000 houses in July 2022. 
  • In the coming year it is projected that there would be a high demand of residential and commercial buildings in Russia and Ukraine due to the recent outbreak of the war. 
  • All the above mentioned factors are expected to drive the demand for the architectural paints and coatings in the forecast period.
Architectural Coatings Market : Revenue (%), by End-use sub segment, Global, 2021

China to Dominate the Asia-Pacific Region

  • Architectural coating consumption in China has been on rising in the recent past. There has been an increase in the floor space of the residential houses from 66,423.47 thousand Square metres in June 2022 to 76,066.76 thousand Square metres in July 2022. This has a direct impact on the increase in the consumption of Architectural coatings in the country.
  • The increase in consumption and sales is expected to grow in the forecasted period due to the government initiatives such as revoking filing and mandatory testing requirements of imported paint and coatings in the country from march, 2022 grows the confidence of coating companies in the positive future of architectural coating in the country.
  • The waterborne coating holds the largest share of around 79% of the total architectural coating consumed in the country due to the long adoption of VOC regulations set by the Chinese government. Furthermore, the country's commitment toward carbon neutrality by 2050, will further drive the eco-friendly product like waterborne coatings in the country.
  • In China, acrylic coatings holds the major share amongst resin type, in terms of the total consumption volume of architectural coatings during 2016-2021, as it is used to coat the major part of the exterior walls.
  • Acrylic coatings accounted for about ore than half of the total architectural coatings consumed during this period. The Chinese government regulations are majorly driving the adoption of low VOC architectural coatings and forces architectural coating manufacturers to reduce the VOC content in their coatings and market it as a safe product.
Architectural Coatings Market : CAGR by Region, 2022-2027

Architectural Coatings Industry Overview

The architectural coatings market is fragmented in nature. Some of the major players of the market studied include (not in particular order) Akzo Nobel N.V., The Sherwin-Williams Company, PPG Industries, Inc., 3 Trees and Nippon Paint Holdings Co., Ltd., among others.

Architectural Coatings Market Leaders

  1. Akzo Nobel N.V.

  2. The Sherwin-Williams Company

  3. PPG Industries

  4. Nippon Paint Holdings Co., Ltd.

  5. Hemple

*Disclaimer: Major Players sorted in no particular order

Architectural Coatings Market Concentration
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Architectural Coatings Market News

  • On March 11, 2022, AkzoNobel opened a global R&D center in the UK. This will help the organization to further advance in innovation capabilities in the area of decorative paints.
  • On February 10, 2022, Hempel acquired KHIMJI PAINTS LLC. This acquisition will expand the roots of Hempel in the Middle East.
  • On June 10, 2021, PPG Industries acquired TIKKURILA, a leading Nordic paint and coating company in Finland. This is expansion will grow sales of PPG Industries in Finland, Sweden, Russia, Poland, and the Baltic states.

Architectural Coatings Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of Study




    1. 4.1 Drivers

      1. 4.1.1 Growth in Median Floor Area of Eastern European Countries

      2. 4.1.2 Increasing Residential and Commertial Infrastructure

    2. 4.2 Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Regulations


    1. 5.1 Technology

      1. 5.1.1 Water-borne

      2. 5.1.2 Solvent-borne

    2. 5.2 Resin Type

      1. 5.2.1 Acrylic

      2. 5.2.2 Alkyd

      3. 5.2.3 Polyurethane

      4. 5.2.4 Epoxy

      5. 5.2.5 Polyester

      6. 5.2.6 Other Resin Types

    3. 5.3 End-use sub segment

      1. 5.3.1 Commercial

      2. 5.3.2 Residential

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Thailand

        6. Indonesia

        7. Malaysia

        8. Philippines

        9. Singapore

        10. Vietnam

        11. Australia & Newzealand

        12. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      3. 5.4.3 Europe

        1. Germany

        2. France

        3. United Kingdom

        4. Italy

        5. Spain

        6. Poland

        7. Nordic Countries

        8. Russia

        9. Rest of Europe

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis

    3. 6.3 Stratergies Adopted by Leading players

    4. 6.4 Company Profiles

      1. 6.4.1 3 Trees

      2. 6.4.2 AkzoNobel N.V.

      3. 6.4.3 Asian paints

      4. 6.4.4 BASF SE

      5. 6.4.5 Benjamin Moore

      6. 6.4.6 Berger Paints India

      7. 6.4.7 Brillux GmbH & Co. KG

      8. 6.4.8 CIN, S.A.

      9. 6.4.9 Cloverdale Paint Inc.

      10. 6.4.10 DAW SE

      11. 6.4.11 Flugger group A S

      12. 6.4.12 Hempel A/S

      13. 6.4.13 Kansai Paint Co.,Ltd.

      14. 6.4.14 Masco Coporation

      15. 6.4.15 Nippon Paint

      16. 6.4.16 PPG

      17. 6.4.17 RPM International

      18. 6.4.18 Sniezka SA

      19. 6.4.19 The Sherwin-Williams Company

    5. *List Not Exhaustive

**Subject to Availability
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Architectural Coatings Industry Segmentation

The scope of the study includes coatings used for commercial purposes, such as office buildings, warehouses, retail convenience stores, and shopping malls and residential buildings. However, it does not include the infrastructure segment, which comprises roads, bridges, and rails. Moreover, it also includes the coatings used in the new construction and remodeling of old houses.

The architectural coatings market is segmented by technology, resin type, application, construction sector, and Geography. By technology, the market segmented into Water-borne and Solvent-borne. By resin type, the market is segmented into Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types. B By construction sector, the market is segmented into commercial and residential. The report also covers the market size and forecasts for the architectural coatings market in 25 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million) and volume (kilotons).

Resin Type
Other Resin Types
End-use sub segment
South Korea
Australia & Newzealand
Rest of Asia-Pacific
North America
United States
Rest of North America
United Kingdom
Nordic Countries
Rest of Europe
South America
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Architectural Coatings Market Research FAQs

The Architectural Coatings Market size is expected to reach USD 72.51 billion in 2024 and grow at a CAGR of 4.58% to reach USD 90.70 billion by 2029.

In 2024, the Architectural Coatings Market size is expected to reach USD 72.51 billion.

Akzo Nobel N.V., The Sherwin-Williams Company, PPG Industries, Nippon Paint Holdings Co., Ltd. and Hemple are the major companies operating in the Architectural Coatings Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Architectural Coatings Market.

In 2023, the Architectural Coatings Market size was estimated at USD 69.33 billion. The report covers the Architectural Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Architectural Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Architectural Coatings Industry Report

Statistics for the 2024 Architectural Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Architectural Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Architectural Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)