MARKET INTRODUCTION
Architectural coatings are the substance used for coating and painting the building or houses. The architectural coatings has a unique property of resistance from weathering and oxidation, decorative, etc. it is applied in the form of paints, primers, sealers, inks, ceramics, etc. It is applied in industrial and residential purposes for providing protection from heat, moisture, changing weather, chemicals, etc. It is mainly used while constructing a new building or while reconstructing a building. Few examples of architectural coatings are epoxy, polyurethane, acrylic, polyester, etc.
MARKET DYNAMICS
The global architectural coatings market is growing at a significant pace owing to driving factors such as increasing demand from construction industry due to its environment friendly nature. Furthermore, Increasing manufacturing of durable coating due to the rise in per capita consumption in apac countries is likely to drive the demand for architectural coatings s in the coming years. However, high cost and strict regulation by the government are affecting prices of products which is projected to hinder the growth of architectural coatings market. Likewise, increase in investments by the companies due to durable properties may provide a lucrative opportunity for the market players in the near future.
MARKET SCOPE
The "Global Architectural Coatings Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the architectural coatings market with detailed market segmentation by resin type, technology, user type, coating type, application and geography. The global architectural coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading architectural coatings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global architectural coatings market is segmented on the basis of resin type, technology, user type, coating type and application. On the basis of resin type, the architectural coatings market is segmented into, acrylic resin, alkyd resin, vinyl resin, polyurethane resin and others. On the basis of technology, the market is bifurcated into, water borne coatings, solvent borne coatings and powder coatings. Based on user type, the global architectural coatings market is segmented into, interior, exterior and others. Based on coating type, the global architectural coatings market is segmented into, diy and professional. Based on application, the global architectural coatings market is segmented into, Residential and non-residential.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global architectural coatings market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The architectural coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the architectural coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the architectural coatings market in these regions
MARKET PLAYERS
The reports cover key developments in the architectural coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from architectural coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for architectural coatings in the global market. Below mentioned is the list of few companies engaged in the architectural coatings market.
-Akzo Nobel N.V.
-Asian Paints Limited
-BASF Corporation
-Duluxgroup Ltd.
-Jotun India Pvt Ltd
-Kansai Paint Co. Ltd.
-Masco Corporation
-Nippon Paint Holdings Co. Ltd.
-Rpm International Inc.
-The Sherwin-Williams Company