Market Size of Facade Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Facade Coatings Market Analysis
The market for facade coatings is expected to register a CAGR of more than 7% during the forecast period.
The COVID-19 pandemic severely impacted the construction industry due to the temporary lockdowns and disruptions in manufacturing activities, thus negatively affecting the market. However, since 2021, conditions began improving, resuming the market's growth trajectory for the projection period.
- The major factors driving the market studied are the increasing demand from growing residential construction activities and the growing demand for repair in the construction sector.
- On the contrary, the corrosion problems and the leakage issues faced after the coatings will likely hinder the market growth.
- Nevertheless, technological innovations that would lead to the development of energy-saving facade materials may act as an opportunity for the market's future.
- The Asia-Pacific region dominated the global market with the largest consumption in countries such as India, China, and others.
