Market Trends of united kingdom architectural coatings Industry
This section covers the major market trends shaping the UK Architectural Coatings Market according to our research experts:
Residential is the largest segment by Sub End User.
- In the United Kingdom, architectural paint consumption from 2016 to 2021 recorded a CAGR of . This increase was seen due to a 4% increase in investment in 2017 compared to 2% in 2016. Significant growth in the private housing sector and mixed growth in the commercial sector also contributed to this increase.
- The slow growth in the architectural coating consumption in 2020 was followed by a growth recovery in 2021 due to the recovery in new constructions in the residential and commercial sectors. However, in 2020, there was a decline in new construction in the DIY segment from the residential sector.
- The consumption recovered in 2021 due to a rebound from the residential and commercial sectors. The government announced policies such as tax cuts on food and hospitality, which may add to the construction sector’s growth in the coming years.
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