Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| Growth Rate | 6.00% CAGR |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
|
Asia-Pacific Architectural Coatings Market Analysis by Mordor Intelligence
The Asia-Pacific Architectural Coatings Market is expected to register a CAGR of greater than 6% during the forecast period.
- Rising environmental concerns and regulations in China and rise in prices of raw materials are likely to hinder the Asia-Pacific architectural coatings market's growth.
- China is expected to dominate the Asia-Pacific architectural coatings market and is also expected to witness the fastest CAGR during the forecast period.
Asia-Pacific Architectural Coatings Market Trends and Insights
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 is estimated to drive Asia-Pacific architectural coatings market, in the recent times.
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.
Competitive Landscape
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.
Asia-Pacific Architectural Coatings Industry Leaders
-
Akzo Nobel N.V.
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Asian Paints
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Jotun
-
Kansai Paint Co., Ltd.
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Berger Paints India Limited
- *Disclaimer: Major Players sorted in no particular order
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Asia-Pacific Architectural Coatings Market Report Scope
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 |
| 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 |
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Key Questions Answered in the Report
What is the current Asia-Pacific Architectural Coatings Market size?
The Asia-Pacific Architectural Coatings Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)
Who are the key players in Asia-Pacific Architectural Coatings Market?
Akzo Nobel N.V., Asian Paints, Jotun, Kansai Paint Co., Ltd. and Berger Paints India Limited are the major companies operating in the Asia-Pacific Architectural Coatings Market.
What years does this Asia-Pacific Architectural Coatings Market cover?
The report covers the Asia-Pacific Architectural Coatings Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Architectural Coatings Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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