Market Trends of spain architectural coatings Industry
This section covers the major market trends shaping the Spain Architectural Coatings Market according to our research experts:
Residential is the largest segment by Sub End User.
- The architectural coating consumption in Spain peaked in 2017 with an increment of 7.3% Y-o-Y due to the long-time recovery since 2013 and increased rehabilitation work in 2017. However, the repaint segment, which accounts for the major part of architectural coatings, declined due to lower restoration permits in 2018 and 2019.
- The slow growth in the architectural coating consumption was observed in 2020 due to lower new constructions in both residential and commercial sectors due to the spread of COVID-19. However, the decline in new construction was countered by the growth in the do-it-yourself (DIY) segment in the residential sector in 2020.
- The coating consumption recovered in 2021 due to a rebound in both residential and commercial sectors. The growing confidence of coating companies in the positive future of architectural coatings may fuel the demand over the coming years.
Understand The Key Trends Shaping This Market
Download Sample
