Market Size of singapore architectural coatings Industry
Icons | Lable | Value |
---|---|---|
Study Period | 2016 - 2028 | |
Market Size (2024) | USD 155.85 Million | |
Market Size (2028) | USD 169.85 Million | |
Largest Share by Sub End User | Residential | |
CAGR (2024 - 2028) | 2.17 % | |
Fastest Growing by Sub End User | Commercial | |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Singapore Architectural Coatings Market Analysis
The Singapore Architectural Coatings Market size is estimated at USD 155.85 million in 2024, and is expected to reach USD 169.85 million by 2028, growing at a CAGR of 2.17% during the forecast period (2024-2028).
- Largest Segment by End-user - Residential : Compared to commercial floor area, Singapore has been observing higher volume of residential building floor area resulting in high architectural paint consumption from the residential sector.
- Largest Segment by Technology - Waterborne : The country of Singapore has strict VOC requirements, the share of waterborne is largest as the VOC regulations play a vital role to limit the usage of Solventborne segment in the country.
- Largest Segment by Resin - Acrylic : Acrylic is a leading type of resin in Singapore. Further, the percentage share of acrylic is expected to cross 50% mark by the end of 2028.