Architectural Coatings Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Technology (Water-borne and Solvent-borne), Resin Type (Vinyl Acetate, Pure Acrylics, Acetates, Styrene Acrylics, Alkyd, and Other Resin Types), Application (Professional and DIY), Construction Sector (Commercial and Residential), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

Architectural Co
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

Greater Than 6%

Key Players:

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Architectural Coatings Market

The architectural coatings market is expected to register a CAGR of over 6%, during the forecast period. One of the major factors driving the market studied is the increasing housing construction activities in emerging economies of Asia-Pacific. Rise in raw material prices is expected to significantly hinder the growth of the market studied.

  • Asia-Pacific is expected to dominate the global market, during the forecast period.
  • Accelerating demand for eco-friendly coatings is likely to act as an opportunity in the future.

Scope of the Report

The architectural coatings market report includes:  

Technology
Water-borne
Solvent-borne
Resin Type
Vinyl Acetate
Pure Acrylics
Acetates
Styrene Acrylics
Alkyd
Other Resin Types
Application
Professional
DIY
Construction Sector
Commercial
Residential
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Australia & new Zealand
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Egypt
Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Rising Demand from Residential Construction

  • Paints and coatings are extensively used in the architectural sector, for both exterior and interior applications. Modern advances in paint technology, specifically in the acrylic formulations, have offered a wide range of weatherproof coatings.
  • Paints and coatings are applied on the exterior of the house to not only increase its aesthetic appeal, but also to protect it from blistering summers, freezing winters, soaking rain, and the daily bombardment of UV radiation, without fading, peeling away, and cracking.
  • However, moisture causes problems for paint. Dew, rain, snow, and ice on the outside, or vapor and moisture buildup from the inside, can cause problems with exterior paint. When moisture penetrates the paint, blisters can form, and the paint may peel. Moisture blisters, unlike temperature blisters, go through all coats of paints down to the wood.
  • Additionally, paints and coatings are also used in interiors of houses to add colors, or for decorative purposes, along with a wide range of other functions. Their functions vary, depending upon the type of environment and the room that they are used on.
  • For example, due to the moisture, bathroom walls need to have wipe-ability, in order to keep them clean. Paints with glossier sheens have a tighter molecular structure than flat paints, making it more difficult for moisture to penetrate. Thus, these types of paints are used in bathrooms.
  • The aforementioned factors have been boosting the demand for architectural coatings, in the recent times.
Architectural Coatings Market - Segmentation

To understand key trends, Download Sample Report

Asia-Pacific Region to Dominate the Demand

  • In the Asia-Pacific region, China is expected to witness the highest growth in construction activities, followed by India.
  • In China, the government spending has been increasing, in order to construct affordable housing facilities, to cater to the housing demand.
  • Despite the volatile growth in the real estate sector, the significant development of rail and road infrastructure by the Chinese government, to withstand the expanding industrial and service sectors, resulted in a significant growth of the Chinese construction industry in the recent years. As the construction industry is dominated by state-owned enterprises, the increased government spending is boosting the industry in the country.
  • In India, the infrastructure sector has become one of the major focus areas for the government. The government aims to boost the construction of buildings in the country and has decided to come up with a single window clearance facility, in order to provide speedy approvals of the construction projects.
  • Japan is keen to invest in overseas infrastructure projects, rather than in its own country, as the country is more interested in reaping the profits of using its technology in other countries, like India. Internally, Japan’s architectural and infrastructural industry has matured, thus making it a less prospective country for paints and coatings.
  • Therefore, the growing residential and commercial construction activities in the region are expected to drive the market for architectural coatings in Asia-Pacific, over the forecast period. 
Architectural Coatings Market - Regional trends

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Competitive Landscape

The architectural coatings market is fragmented in nature. Some of the major players of the market studied include Akzo Nobel N.V., The Sherwin-Williams Company, PPG Industries, Inc., and Nippon Paint Holdings Co., Ltd., among others.

Major Players

  1. Akzo Nobel N.V.
  2. The Sherwin-Williams Company
  3. PPG Industries, Inc.
  4. Nippon Paint Holdings Co., Ltd.

* Complete list of players covered available in the table of contents below

Architectural Co

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Housing Construction Activities in Emerging Economies of Asia-Pacific

      2. 4.1.2 Rising Demand from Building and Construction in North America

    2. 4.2 Restraints

      1. 4.2.1 Rise in Raw Material Prices

      2. 4.2.2 Stringent Environmental Regulations

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces 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. 5. MARKET SEGMENTATION

    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 Vinyl Acetate

      2. 5.2.2 Pure Acrylics

      3. 5.2.3 Acetates

      4. 5.2.4 Styrene Acrylics

      5. 5.2.5 Alkyd

      6. 5.2.6 Other Resin Types

    3. 5.3 Application

      1. 5.3.1 Professional

      2. 5.3.2 DIY

    4. 5.4 Construction Sector

      1. 5.4.1 Commercial

      2. 5.4.2 Residential

    5. 5.5 Geography

      1. 5.5.1 Asia-Pacific

        1. 5.5.1.1 China

        2. 5.5.1.2 India

        3. 5.5.1.3 Japan

        4. 5.5.1.4 South Korea

        5. 5.5.1.5 ASEAN Countries

        6. 5.5.1.6 Australia & new Zealand

        7. 5.5.1.7 Rest of Asia-Pacific

      2. 5.5.2 North America

        1. 5.5.2.1 United States

        2. 5.5.2.2 Canada

        3. 5.5.2.3 Mexico

      3. 5.5.3 Europe

        1. 5.5.3.1 Germany

        2. 5.5.3.2 United Kingdom

        3. 5.5.3.3 France

        4. 5.5.3.4 Italy

        5. 5.5.3.5 Spain

        6. 5.5.3.6 Rest of Europe

      4. 5.5.4 South America

        1. 5.5.4.1 Brazil

        2. 5.5.4.2 Argentina

        3. 5.5.4.3 Rest of South America

      5. 5.5.5 Middle East & Africa

        1. 5.5.5.1 Saudi Arabia

        2. 5.5.5.2 South Africa

        3. 5.5.5.3 Egypt

        4. 5.5.5.4 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

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

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Akzo Nobel N.V.

      2. 6.4.2 Asian Paints

      3. 6.4.3 Berger Paints India Limited

      4. 6.4.4 CARPOLY

      5. 6.4.5 DAW SE

      6. 6.4.6 Hempel A/S

      7. 6.4.7 Jotun

      8. 6.4.8 Kansai Paint Co.,Ltd.

      9. 6.4.9 Masco Corporation

      10. 6.4.10 Nippon Paint Holdings Co., Ltd.

      11. 6.4.11 PPG Industries, Inc.

      12. 6.4.12 RPM International Inc.

      13. 6.4.13 The Sherwin-Williams Company

      14. 6.4.14 Tikkurila

      15. 6.4.15 ANNIE SLOAN INTERIORS LTD.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Investments in the Infrastructure and Construction Industry in Emerging Economies

    2. 7.2 Revival of the Construction Industry in Europe

    3. 7.3 Accelerating Demand for Eco-friendly Coatings

**Subject to Availability

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