Market Trends of russia architectural coatings Industry
This section covers the major market trends shaping the Russia Architectural Coatings Market according to our research experts:
Residential is the largest segment by Sub End User.
- The growth rate of the Russian architectural paint industry slightly declined between 2016-2018 before picking up in 2019, owing to the growth in the recovery of new residential and commercial constructions.
- The share of the commercial sector's paint consumption declined due to the sector’s slow growth rate compared to the residential sector. The slow growth is due to a faster decline in the deployment of the new commercial floor areas when compared with their residential counterpart.
- The commercial market share has also been badly hit by the contraction of commercial paints consumed in 2020 and in 2022 due to a decline in commercial paint consumed, along with a decline in repainting activities in the sector. This decline is due to a supply chain shock as a result of the pandemic in 2020 and the war in Ukraine in 2022.
Understand The Key Trends Shaping This Market
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