The residential architectural coating is the product applied to residential buildings to protect their surface and improve its appearance. These architectural coatings protect a building from moisture, UV radiations, and microbes. Varnishes, stains, paints, primers, and lacquers are some of the types of architectural coating products used in the residential sector. Increasing construction of new homes and renovation of existing homes majorly in the higher end of the real estate market is anticipated to propel the growth of the residential architectural coating market in the coming years.
MARKET DYNAMICS
Paints and coatings are highly exploited in the architectural sector for both interior and exterior applications. Modern developments in paint technology, especially in acrylic formulations, have offered a broad range of weatherproof coatings. A huge number of people are migrating to urban areas in various countries. This results in the development of affordable housing and infrastructure by the construction industry. This is subsequently stimulating the demand for architectural coatings materials in the residential complexes. Furthermore, rising consciousness regarding maintaining a green environment has resulted in a massive demand for quality products, further leading to product innovation, thereby further augmenting the architectural coatings market's scope.
MARKET SCOPE
The "Global Residential Architectural Coatings Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the residential architectural coatings market with detailed market segmentation by type, technology, application and geography. The global residential 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 residential architectural coatings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global residential architectural coatings market is segmented on the basis of type, technology, and application. On the basis of type, residential architectural coatings market is classified into paints and coatings, lacquers, primers, varnishes, stains, and others. On the basis of technology, market is classified into water-borne and solvent-borne. On the basis of application, market is segmented into roofs, basements, walls, and ceilings.
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 residential 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 residential 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 residential 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 residential architectural coatings market in these regions.
MARKET PLAYERS
The reports cover key developments in the residential 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 residential architectural coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the residential architectural coatings market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the residential architectural coatings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Akzo Nobel N.V
- BASF SE
- Dow, Inc.
- Kansai Paint Co.,Ltd.
- Kelly-Moore Paint Company, Inc.
- Nippon Paint Holdings Co., Ltd.
- PPG Industries Inc.
- RPM International Inc.
- The Sherwin-Williams Company
- Valspar
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