Market Trends of italy architectural coatings Industry
This section covers the major market trends shaping the Italy Architectural Coatings Market according to our research experts:
Residential is the largest segment by Sub End User.
- In Italy, during 2016-2019, architectural paint consumption increased by a CAGR of 0.95%. A major rise was observed in 2017 and 2018, mainly due to a rise in the construction of new houses, accompanied by growth in residential remodeling. Furthermore, in 2018, the consumption of architectural coatings was driven by the growth in the commercial sector.
- In 2020, even though both new and remodeling commercial paint consumption showed contraction, the high growth in the residential DIY segment drove the relatively high growth of the total architectural paint consumption.
- The share of the remodeling paint consumption is relatively high compared to other countries in the region due to the high emphasis on the color fashion indicated by the high DIY paint percentage in Italy. Additionally, commercial paint consumption share is increasing due to relatively high commercial paint growth.
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