Architectural Coatings Market

Architectural Coatings Market is valued at USD 68.90 Billion in 2022 and is expected to reach USD 99.56 Billion by 2028 with a CAGR of 5.4% over the forecast.

Global Architectural Coatings Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028- Increasing inclination towards the renovation of existing construction is one of the major factors driving growth of Global Architectural Coatings Market.

Scope of Global Architectural Coatings Market-

Architectural coatings, also called decorative coatings, are coating formulations used to coat buildings and homes. The term architectural coatings include varnishes, paints, primers, sealers, inks, ceramics, and many other coatings. They are applied to interior and exterior walls, floors, and ceilings of buildings, architectural coatings must be resistant to moisture, heat, changing weather, chemicals, and some other similar elements. These coatings are used to prevent corrosion and corrosion of metal parts of tanks, radiators, fences, and metal furniture. Architectural coatings are also used in decorative interiors such as wall paintings and wood flooring.

During the Covid-19 epidemic, the lack of subcontractors and raw materials, supply chain disruptions, partial or suspended production, and travel restrictions, all affected demand in the architectural, automotive, and aerospace sectors, affected the architectural coatings industry. On the other hand, increasing demand in the construction and general industrial sectors is expected to increase the demand for architectural coatings after the Covid-19 pandemic. Furthermore, the expansion in the field of application of nanocoating may create growth opportunities in the aftermath of the Covid-19 pandemic.

The global architectural coatings market is segmented based on resin type, function, end-use industry, technology, and region & country level. Based on resin type, the market is segmented into acrylic, alkyd, epoxy, polyurethane, polyester, urethane, and others (PTFE & PVDF). Based on function, the market is segmented into solvent-borne, and water-borne. Based on the end-use industry, the market is segmented into residential, and non-residential.

The regions covered in the global architectural coatings market report are North America, Europe, Asia-Pacific, Latin America, and the Rest of the World. Based on a country level, the market of the global architectural coatings market is subdivided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, Southeast Asia, Middle East Asia, GCC, Africa, etc.

Key Players for Global Architectural Coatings Market-

Some of the major players covered in the global architectural coatings market report are

• 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,
• others.

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 68.90 Billion
Base year considered	2021
Forecast Period CAGR %:	5.4%
Market Size Expected in 2028:	USD 99.56 Billion
Tables, Charts & Figures:	175
Pages	200
Architectural Coatings Comapnies	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, and others.
Segments Covered	By Resin Type, By Function, By Technology, By End-Use Industry
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

 

News –

PG Opened Architectural Paints and Coatings Color Automation Laboratory in Milan

On May 6^th, 2022; PPG announced the opening of a new architectural paint and coatings color automation laboratory in Milan, Italy. The $ 2.1 million (2 million euros) facility will significantly increase the pace of development of paint color formulations. The facility will provide up to 100,000 paint color matches per year, providing master paint color formulations for new colors and existing colors when they are modified. The laboratory's automated system distributes the colors and blends the base paint samples without manual input applies them and measures them.

PPG Completed Acquisition of Arsonsisi's Powder Coatings Manufacturing Business

On April 1^st, 2022; PPG completed the acquisition of Arsonsisi's powder coatings manufacturing business in Milan, Italy. Financial terms not disclosed. The deal will provide PPG with a highly automated, small- and large-batch, powder production project in Verbania, Italy. PPG will now also have metallic bonding capabilities in Europe, the Middle East, and Africa (EMEA). In 2021, Arsonsisi powder business sales were approximately 15 million.

BASF's Innovative DURA-COLOR Technology Promised to Paint an Anti-Aging Look for a New and Fresh Look.

On September 17^th, 2020; BASF introduced its innovative DURA-COLOR technology, an anti-aging paint concept that helps protect the paint from long-term deterioration. This revolutionary binder technology is designed for exterior paints, especially for durable performance in terms of color and cleanliness.

Kikusui and BASF Partnered to Promote Importance of Architectural Coatings to Keep Japan’s Building Exteriors Durable and Attractive

On April 18^th, 2019; BASF Japan Ltd. (BASF) and KIKUSUI Chemical Industries Co., Ltd. (KIKUSUI) collaborated on new branding activities to raise awareness of the importance of durability in architectural paints. The two companies successfully set up a highly successful climate-resistant, acrylate-silicon dispersion type coating for the construction and housing markets in Japan.

Its Growing Demand in the Construction Industry Worldwide Serves as a Major Factor Contributing to the Growth of the Global Architectural Coatings Market.

Over the last few years, there has been a huge increase in construction in different parts of the world, be it for an industry or a house, or a large apartment, but there has been a huge increase in the construction sector around the world. And to help the citizens to some extent, the government is also increasing investment in this sector through various funding schemes. For instance; India planned to spend US$ 1.4 trillion on infrastructure from 2019-to 23 to have a sustainable development of the country.  According to the BrandEssence market survey; 1.2 million new housing units are planned every year in the US. And on this construction industry in the US has an average annual expenditure of USD 1,231 billion. Global construction spending in 2012 was about USD 4 trillion. Today, spending on the construction industry is USD 11 trillion per year, equivalent to about 13 percent of global GDP.  This trend indicates that construction is on the rise in every part of the world.

The number of players in the architectural coating market has also increased tremendously in the last few years. Also, a large amount of investment is being invested by the players for various product innovations. Players are focusing on making changes in the product by understanding the market at the right time to survive in the market. For this, the players are focusing on establishing their dominance in the market by making reasonable agreements with other players in the market. For instance; On May 6^th, 2022, PPG announced the opening of a new architectural paint and coatings color automation laboratory in Milan. And On September 28^th, 2021, PPG launched Online Powder Coatings Site to Enhance Access to U.S. Markets. September 17^th, 2020; BASF introduced its innovative DURA-COLOR technology, an anti-aging paint concept that helps protect the paint from long-term deterioration. And on March 17^th, 2020; Asian Paints launched a new TVC for the ultimate solution to waterproofing. Such large-scale movements have been gaining momentum in the market over the last few years. This has led to a huge influx of money into the market, resulting in a huge increase in the market.

However, stringent government regulations may hamper the market growth. In spite of that, growing advancements in this field may create more opportunities for the further growth of the market.

The North American is Expected to Dominate the Global Architectural Coatings Market

In the last few years, there has been an increase in construction activities in both professional and residential sectors, which promotes market growth in the North America. According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, Housing Starts in the US are approximately 1.765 million Units in Mark and 1.724 million Units in April of 2022. Also, the customers of the region have been aware of the provision of pre -beautification, and protection for their homes. In addition, many emerging economies are currently passing through a transition, which has increased the infrastructure of the improved coatings for internal architecture. Moreover, due to the increasing concern over environmental degradation, the growers have been motivated to produce coatings that are extremely durable and provide environmentally friendly protection.

Asia-Pacific is the major market under the leadership of China and India due to the existence of many leading companies in the region. In addition, relatively low labor cost and presence of most manufacturers are also expected to strengthen the market in this region.

Global Architectural Coatings Market Segmentation:

By Resin Type

• Acrylic
• Alkyd
• Epoxy
• Polyurethane
• Polyester
• Urethane
• Others (PTFE & PVDF)

By Function

• Ceramics
• Inks
• Lacquers
• Paints
• Powder Coatings
• Primers
• Sealers
• Stains
• Varnishes

By Technology

• Solvent Borne
• Water Borne

By End-Use Industry

• Residential

• Non-Residential

On Special Requirement Architectural Coatings Market Report is also available for below Regions and Country:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Machine Learning Trends 

• Healthcare
• Automation
• Finance
• Reinforcement Learning

Key Benefits in Global Architectural Coatings Market-

• Global architectural coatings Market report covers in-depth historical and forecasts analysis.
• Global architectural coatings Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and Country levels.
• Global architectural coatings Market report helps to identify opportunities in the marketplace.
• The global architectural coatings Market report covers an extensive analysis of emerging trends and the competitive landscape.