Global Architectural Coatings Market Trends, Share, Size, Demand, Revenue and Future Outlook
Architectural Coatings Market Growth, Size, Trends Analysis - By Resin Type, By Function, By Technology, By End User Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2024 | Report ID: CHEM24129 | Pages: 1 - 238 | Formats*: |
| Category : Chemical & Materials | |||
Architectural Coatings Market Introduction and Overview
According to SPER Market Research, the Global Architectural Coatings Market is estimated to reach USD 109.53 billion by 2033 with a CAGR of 4.83%.
The report includes an in-depth analysis of the Global Architectural Coatings Market, including market size and trends, product mix, Applications, and supplier analysis. Architectural coatings are coating formulations used on homes and constructions; they are often referred to as decorative coatings. Varnishes, paints, primers, sealants, inks, ceramics, and many other coatings are all included in the broad category of architectural coatings. Architectural coatings, which are used on both interior and exterior walls, floors, and ceilings of buildings, should be able to withstand a variety of conditions, including heat, moisture, changing weather, chemicals, and similar elements.
- AkzoNobel's global research and development center in the United Kingdom opened on March 11, 2022. As a result, the organization's ability to innovate in the decorative paints industry will be significantly increased.
- PPG Industries purchased TIKKURILA, a well-known Nordic paint and coating business in Finland, on June 10, 2021. PPG Industries' sales in Finland, Sweden, Russia, Poland, and the Baltic states will increase as a result of this development.
Market Opportunities and Challenges
Opportunities: The increase in demand from the construction sector throughout the world is one of the primary factors driving the growth of the architectural coatings market. Environmentally friendly coating technologies, as well as the use of coatings to prevent corrosion and rusting of metallic sections of tanks, fences, radiators, and metal furniture, have a significant impact on the market. The market is also influenced by the growing demand for high-durability and eco-friendly coatings, as well as durable coatings with improved performance and aesthetics. Furthermore, the presence of numerous compliances, increased awareness, the expansion of various end-use sectors, and the rise in per capita paint consumption all have a favorable impact on the architectural coatings market. Furthermore, investments in new markets and the use of green coatings provide profitable potential for industry players.
Challenges: Solvent-based coatings are frequently utilized due to their low cost, excellent film-forming properties, and ease of application. However, the implementation of rigorous VOC and other laws around the world is forcing a move away from solvent-based architectural coatings and toward water-based ones. Manufacturers in the architectural coatings sector are continually working to improve the performance of water-based paints while reducing their cost. Furthermore, producers are developing methods to maintain a low Minimum Film Formation Temperature (MFFT) while also assuring the hardness of the dried film in water-based coatings. Regulations on VOC emissions are also posing a headache for architectural coatings manufacturers. The lack of VOC in water-based coatings causes speedy evaporation of water, resulting in sticky paint. As a result, architectural coating makers are working on developing a raw material that provides a longer open time for paint users.
Market Competitive Landscape
The architectural coatings market is fragmented by nature. Some of the major market participants analyzed include Akzo Nobel N.V., The Sherwin-Williams Company, PPG Industries, Inc., 3 Trees, and Nippon Paint Holdings Co., Ltd.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Resin Type, By Function, By Technology, By End-Use Industry. |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. |
| Companies Covered | PPG Industries, Asian Paints, Nippon Paints, The Sherwin-Williams Company, Axalta Coatings, RPM International Inc, The Valspar Corporation, Midwest Industrial Coatings Inc, Sumter Coatings, BASF SE. |
COVID-19 Impact on Global Architectural Coatings Market
The COVID-19 pandemic affected the architectural coatings business because to travel restrictions, supply chain interruptions, partial or suspended production, and a shortage of subcontractors and raw materials. These factors all affect demand from the automobile, aerospace, and architectural industries. However, after the COVID-19 pandemic, it is anticipated that the need for architectural coatings will be driven by the general industrial sector and the building industry. Furthermore, new applications for nanocoating provide up new potential prospects.
By Resin Type Insights
The acrylic segment dominated the worldwide architectural coating market in 2020 and is likely to maintain its dominance during the forecast period, owing to rising need for high performance and safe coatings, which has resulted in increased overall demand for acrylic coatings.
Key Target Audience:
- Architects and Interior Designers
- Construction Companies
- Paint and Coating Manufacturers
- Distributors and Suppliers
- Homeowners and DIY Enthusiasts
- Government and Municipal Bodies
- Commercial and Industrial Real Estate Developers
- Facility Management Firms
- Environmental and Regulatory Agencies
- Research and Development Firms
Our in-depth analysis of the Architectural Coatings Market includes the following segments:
| By Resin Type: | |
| By Function: | |
| By Technology: | |
| By End-Use Industry: |
Key Topics Covered in the Report:
- Global Architectural Coatings Market Size (FY’2024-FY’2033)
- Overview of Global Architectural Coatings Market
- Segmentation of Global Architectural Coatings Market By Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, Urethane, Others)
- Segmentation of Global Architectural Coatings Market By Function (Ceramics, Inks, Lacquers, Paints, Powder Coatings, Primers, Sealers, Stains, Varnishes)
- Segmentation of Global Architectural Coatings Market By Technology (Solvent Borne, Water Borne)
- Segmentation of Global Architectural Coatings Market By End-Use Industry (Residential, Non-Residential)
- Statistical Snap of Global Architectural Coatings Market
- Expansion Analysis of Global Architectural Coatings Market
- Problems and Obstacles in Global Architectural Coatings Market
- Competitive Landscape in the Global Architectural Coatings Market
- Impact of COVID-19 and Demonetization on Global Architectural Coatings Market
- Details on Current Investment in Global Architectural Coatings Market
- Competitive Analysis of Global Architectural Coatings Market
- Prominent Players in the Global Architectural Coatings Market
- SWOT Analysis of Global Architectural Coatings Market
- Global Architectural Coatings Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Architectural Coatings Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Architectural Coatings Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Architectural Coatings Market
7. Global Architectural Coatings Market, By Resin Type (USD Million) 2020-2033
7.1. Global Architectural Coatings Market Size, Share and Forecast, By Resin Type, 2020-20267.2. Global Architectural Coatings Market Size, Share and Forecast, By Resin Type, 2027-20337.3. Acrylic7.4. Alkyd7.5. Epoxy7.6. Polyurethane7.7. Polyester7.8. Urethane7.9. Others
8. Global Architectural Coatings Market, By Function (USD Million) 2020-2033
8.1. Global Architectural Coatings Market Size, Share and Forecast, By Function, 2020-20268.2. Global Architectural Coatings Market Size, Share and Forecast, By Function, 2027-20338.3. Ceramics8.4. Inks8.5. Lacquers8.6. Paints8.7. Powder Coatings8.8. Primers8.9. Sealers8.10. Stains8.11. Varnishes
9. Global Architectural Coatings Market, By Technology (USD Million) 2020-2033
9.1. Global Architectural Coatings Market Size, Share and Forecast, By Technology, 2020-20269.2. Global Architectural Coatings Market Size, Share and Forecast, By Technology, 2027-20339.3. Solvent Borne9.4. Water Borne
10. Global Architectural Coatings Market, By End-Use Industry (USD Million) 2020-2033
10.1. Global Architectural Coatings Market Size, Share and Forecast, By End-Use Industry, 2020-202610.2. Global Architectural Coatings Market Size, Share and Forecast, By End-Use Industry, 2027-203310.3. Residential10.4. Non-Residential
11. Global Architectural Coatings Market Forecast, 2020-2033 (USD Million)
11.1. Global Architectural Coatings Market Size and Market Share
12. Global Architectural Coatings Market, By Region, 2020-2033 (USD Million)
12.1. Global Architectural Coatings Market Size and Market Share By Region (2020-2026)12.2. Global Architectural Coatings Market Size and Market Share By Region (2027-2033)12.3. Asia-Pacific
12.3.1. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Qatar12.5.4. South Africa12.5.5. Egypt12.5.6. Morocco12.5.7. Nigeria12.5.8. Rest of Middle-East and Africa
12.6. North America
12.6.1. Canada12.6.2. Mexico12.6.3. United States
12.7. Latin America
12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. PPG Industries
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Asian Paints
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Nippon Paints
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. The Sherwin-Williams Company
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Axalta Coatings
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. RPM International Inc
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. The Valspar Corporation
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Midwest Industrial Coatings Inc
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Sumter Coatings
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. BASF SE
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Architectural Coatings Market is projected to reach USD 109.53 billion by 2033, growing at a CAGR of 4.83% during the forecast period.
Architectural Coatings Market grew in Market size from 2024. The Market is expected to reach USD 109.53 billion by 2033, at a CAGR of 4.83% during the forecast period.
Architectural Coatings Market CAGR of 4.83% during the forecast period.
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Architectural Coatings Market size is USD 109.53 billion from 2024 to 2033.
Architectural Coatings Market is covered By Resin Type, By Function, By Technology, By End-Use Industry.
The North America is anticipated to have the highest Market share in the Architectural Coatings Market.
The key players in the Market include Companies Covered PPG Industries, Asian Paints, Nippon Paints, The Sherwin-Williams Company, Axalta Coatings, RPM International Inc, The Valspar Corporation, Midwest Industrial Coatings Inc, Sumter Coatings, BASF SE.
Architectural coatings are coating formulations used on homes and constructions; they are often referred to as decorative coatings. Varnishes, paints, primers, sealants, inks, ceramics, and many other coatings are all included in the broad category of architectural coatings.
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