APAC Architectural Coatings Industry Overview

Study Period: | 2018 - 2028 |
CAGR: | > 6 % |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
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APAC Architectural Coatings Market Analysis
The Asia-Pacific architectural coatings market is estimated to witness a significant growth, at an estimated CAGR of over 6%, over the forecast period. Increasing housing construction activities in the emerging economies of Asia-Pacific are expected to drive the market during the forecast period.
- Rising environmental concerns and regulations in China and rise in prices of raw materials are likely to hinder the market’s growth.
- China is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.
APAC Architectural Coatings Industry Segments
The Asia-Pacific architectural coatings market report includes:
Technology | |
Water-borne | |
Solvent-borne |
Resin Type | |
Vinyl Acetate | |
Pure Acrylic | |
Acetate | |
Styrene Acrylic | |
Alkyd | |
Other Resin Types |
Application | |
Professional | |
DIY |
Construction Sector | |
Commercial | |
Residential |
Geography | |
China | |
India | |
Japan | |
Australia & new Zealand | |
Indonesia | |
Malaysia | |
Vietnam | |
Rest of Asia-Pacific |
APAC Architectural Coatings Market Trends
This section covers the major market trends shaping the APAC Architectural Coatings Market according to our research experts:
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.

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China to Dominate the Market
- In the Asia-Pacific region, China is the largest economy, in terms of GDP. China is one of the fastest emerging economies and has become one of the biggest production houses in the world, today. The country’s manufacturing sector is one of the major contributors to the country’s economy.
- The continuous improvements in economic conditions in the region have enhanced the financial status of the consumers, in turn, boosting the demand for buildings and other infrastructural activities in the country.
- China’s 13th Five Year Plan started in 2016 as it was an important year for the country’s engineering, procurement, and construction (EPC) industry. In addition to this, the country ventured into new business models domestically and internationally, during the year. Although the construction sector slowed down after 2013, it is still a major contributor to the GDP of the country.
- Moreover, restrictions on foreign investment on land development, high-end hotels, office buildings, international exhibition centers, and construction and operation of large theme parks have also been lifted. The growth in commercial and residential sectors is expected to boost the architectural coatings market in the country, over the forecast period.

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APAC Architectural Coatings Market Competitor Analysis
The Asia-Pacific architectural coatings market is partially consolidated. Key players in the market include Akzo Nobel N.V., Asian Paints, Jotun, Kansai Paint Co., Ltd., and Berger Paints India Limited, among others.
APAC Architectural Coatings Market Top Players
Akzo Nobel N.V.
Asian Paints
Jotun
Kansai Paint Co., Ltd.
Berger Paints India Limited
*Disclaimer: Major Players sorted in no particular order

APAC Architectural Coatings Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Housing Construction Activities in the Emerging Economies of Asia-Pacific
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Rising Environmental Concerns and Regulations in China
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4.2.2 Rise in Prices of Raw Materials
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Technology
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5.1.1 Water-borne
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5.1.2 Solvent-borne
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5.2 Resin Type
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5.2.1 Vinyl Acetate
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5.2.2 Pure Acrylic
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5.2.3 Acetate
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5.2.4 Styrene Acrylic
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5.2.5 Alkyd
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5.2.6 Other Resin Types
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5.3 Application
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5.3.1 Professional
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5.3.2 DIY
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5.4 Construction Sector
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5.4.1 Commercial
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5.4.2 Residential
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5.5 Geography
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5.5.1 China
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5.5.2 India
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5.5.3 Japan
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5.5.4 Australia & new Zealand
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5.5.5 Indonesia
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5.5.6 Malaysia
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5.5.7 Vietnam
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5.5.8 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Akzo Nobel N.V.
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6.4.2 Asian Paints
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6.4.3 Beckers Group
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6.4.4 Berger Paints India Limited
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6.4.5 CARPOLY
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6.4.6 Jotun
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6.4.7 Kansai Paint Co.,Ltd.
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6.4.8 KCC Paints
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6.4.9 Masco Corporation
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6.4.10 Nippon Paint Holdings Co., Ltd.
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6.4.11 PPG Industries, Inc.
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6.4.12 RPM International Inc.
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6.4.13 The Sherwin-Williams Company
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Introduction of Fluoropolymer Coatings
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APAC Architectural Coatings Market Research FAQs
What is the study period of this market?
The Asia-Pacific Architectural Coatings Market is studied from 2018 - 2028.
What is the growth rate of Asia-Pacific Architectural Coatings Market?
The Asia-Pacific Architectural Coatings Market is growing at a CAGR of >6% over the next 5 years.
Who are the key players in Asia-Pacific Architectural Coatings Market?
Akzo Nobel N.V., Asian Paints, Jotun, Kansai Paint Co., Ltd., Berger Paints India Limited are the major companies operating in Asia-Pacific Architectural Coatings Market.
Asia-Pacific Architectural Coatings Industry Report
In-depth industry statistics and market share insights of the Asia-Pacific Architectural Coatings Market sector for 2020, 2021, and 2022. The Asia-Pacific Architectural Coatings Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Asia-Pacific Architectural Coatings Market report PDF.