Report Ocean has recently published the “Architectural Coatings Market “ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
The global architectural coatings market is expected to reach $57,270 million by 2022 from $81,861 million in 2015 with a CAGR of 5.6% from 2016 to 2022. Architectural coatings are coatings that are applied on buildings and homes. Architectural coatings include a wide range of paints & coatings such as varnishes, lacquers, power coatings, primers, inks, and several others. They are applied to protect the surfaces from abrasion, moisture, and other harmful substances that can cause damage, fading of the surface.
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The architectural coatings market is primarily driven by the growing demand from Asia-Pacific and LAMEA region. The market will also benefit by the rising demand of architectural coatings from residential sector due to rising disposable income of the middle class. The major restraint hindering the growth of agricultural coatings market is the stringent government regulations against the use of toxic chemicals. However, the impact of this restraint is likely to reduce in the future with the introduction of green coatings. The development of green coatings and increasing use of nanocoating is expected to create numerous growth opportunities in the market.
On the basis of resin type, the architectural coatings market is segmented into acrylic, alkyd, epoxy, polyurethane, polyester, urethane, and others including PTFE and PVDF. Based on technology, it is bifurcated into solvent borne and water borne. According to the end-use industry, the market segmentation includes residential and non-residential. Based on function, the market is segmented into ceramics, inks, lacquers, paints, powder coatings, primers, sealers, stains, and varnishes. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North American architectural coatings market has witnessed several acquisitions and agreements. The market is consolidated with maximum of the share occupied by four major market players, The Sherwin- Williams Company, PPG Industries, The Valspar Corporation, and Masco.
KEY BENEFITS FOR STAKEHOLDERS
This report entails the detailed quantitative analysis of current market and estimations from 2014 to 2022 that assist to identify the prevailing market opportunities to capitalize on the global architectural coatings market.
In-depth coverage of the market including drivers, restraints, and opportunities helps professionals to better understand the market behavior.
Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.
Porter’s Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.
Pinpoint analysis of geographical segments helps to identify opportunities for growth within the market.
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Top players in architectural coatings market include:
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
Other prominent market players are
AzkoNobel
Prisum Coatings Canada Inc.
Helios Group
A&A Coatings
Kansai Paint Co.
RockSolid Industrial
LINE-X UK
Single Source, Inc.
Michelman, Inc.
IFS Coatings
KEY MARKET SEGMENTS
By Resin Type
Acrylic
Alkyd
Epoxy
Polyurethane
Polyester
Urethane
Others (PTFE & PVDF)
By Technology
Solvent Borne
Water Borne
By End-Use Industry
Residential
Non-Residential
By Function
Ceramics
Inks
Lacquers
Paints
Powder Coatings
Primers
Sealers
Stains
Varnishes
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
UK
Turkey
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
Korea
India
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
UAE
Qatar
Rest of LAMEA
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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