Architectural coatings market is anticipated to witness a moderate growth, with demand expected to surpass 33,000,000 tons by 2018 end, according to the latest report by Fact.MR. The demand for architectural coatings continues to remain influenced by the robust growth in the construction industry worldwide. Meanwhile, reconstruction and renovation of existing structures across the countries are also contributing towards the growth of architectural coatings market.
The construction industry is likely to grow significantly in the US, India, and China, according to the report named Global Construction 2030. All the three countries are expected to account for nearly 57% of the global growth, said the report.
The detailed research report on the global architectural coatings market focuses on the macro as well as microeconomic factors that are helping its development. The report also concentrates on the regulatory framework that is shaping the future of the global market. Furthermore, the research report also makes not of the existing as well as prevailing pricing structure, emerging areas of applications, and imminent investment opportunities in the global market. The report also offers an in-depth analysis of how the projected growth factors will shape the market dynamics in the coming years of the forecast period. Moreover, it also gives meaningful as well as actionable insights on the key trends that are developing the current market scenario and which will be lucrative for the future of the global architectural coatings market.
The research report on the global architectural coatings market also provides an in-detailed analysis of the overall vendor landscape. The report analyzes the key marketing and promotional strategies adopted by the leading companies in the global market. Furthermore, it takes into consideration the existing development, past events, and recent trends to provide a strong and unbiased opinion on the future direction in which these leading companies will be heading into. To back its opinion, the research report covers all the factors and events such as mergers, acquisitions, takeovers, joint ventures, and strategic alliances. It also analyzes the entry barriers and overall intensity of the competition in the global architectural coatings market. Some of the key players mentioned in the research report are
- PPG
- AkzoNobel
- The Sherwin-Williams Co.
- RPM International Inc
- I. du Pont de Nemours and Company
- Nippon Paint Holdings Co.
- Axalta Coating Systems
- The Valspar Corp.
- BASF Coatings
- Kansai Paint Co. Ltd.
- Asian Paints Ltd.
- Behr Process Corp.
- Benjamin Moore & Co.
- Nippon Paint (USA)
- Dunn-Edwards Corporation
- Ennis-Flint
- Shawcor Ltd.
- Kelly-Moore Paint Co., Inc.
- Cloverdale Paint Inc.
- Dow Coatings
For a detailed industry outlook, Get the Report Sample at: https://www.factmr.com/connectus/sample?flag=S&rep_id=2374
Acrylics Resin to Witness Substantial Growth in Architectural Coatings Market
Compared to the other types of resins used in architectural coatings, acrylics resins are likely to account for the highest market share in the architectural coatings market, the demand is expected to exceed 9,000,000 tons by the end of 2018, as per the new study by Fact.MR. Acrylic resins are finding large application in architectural coatings, especially in exterior application.
Owing to the UV and weathering resistance, and good gloss and color retention, acrylic resins are witnessing increasing demand from paints and coatings manufacturers across the globe. Rising preference for hybrid coatings, prepared by blending acrylic polymer with other functional polymers for application in interior and exterior surfaces is driving the architectural coatings market growth. This has also emerged a way to overcome various inadequacies of traditional acrylic paints.
The demand for waterborne acrylic coatings is also increasing due to the new emission standards on VOC introduced by governments across various countries. In the last few years, acrylic surface coatings have surpassed the use of alkyd surface coatings in the paint and coating industry, especially in the developing regions.
The research report also offers a great insight on the working dynamics of individual segment of the global architectural coatings market. The research report covers the business growth opportunities for the following vital application segments:
- Residential
- Non-Residential
In terms of type of resins, the global architectural coatings market can be segmented into:
- Acrylics
- Fluoropolymers
- Urethanes
- Metallic Additive
- Others (epoxy, poly alkyds, and amines)
The new report on the global architectural coatings market gives estimations of the size of the international market and the overall size and share of key regional segments during the historical assessment period of 2014 – 2018. The research report gives projections of different shares and opportunities, both in terms of projected value (US$Mn/Bn) as well as volume (n units), of different fragments in the architectural coatings market during the estimated timeframe of 2019 – 2029. The business knowledge study offers users with a granular analysis of key development elements, promising business avenues, and the overall dynamics of the vendor landscape of the global architectural coatings market. 2018 is considered as the base year and 2019 as the estimation year.
To provide an in-detailed analysis of the potential opportunities, the research report takes into consideration of the several growth factors across different regional segments. The important geographical segments of the global architectural coatings market are as follows:
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
APEJ to Rule Architectural Coatings Market, with China and India Accounting for Highest Market Share
APEJ is likely to remain dominant in the architectural coatings market for a long period of time. With growing economy and emerging middle class, the demand for residential construction is growing the India and China. Majority of the construction projects use solvent-based coatings and paints owing to the low-cost and better performance.
However, eco-friendly coatings have shown better growth in recent years with governments across APEJ introducing VOC emission. Research institutes along with the green coating manufacturers are investing increasingly in the research and development of innovative raw materials and technologies resulting in the non-hazardous and eco-friendly architectural coatings.
Want to know more about the report or any specific requirement: https://www.factmr.com/connectus/sample?flag=AE&rep_id=2374
Decorative coatings used in construction, renovation, of the properties have also shown a steady growth in the APEJ region, especially in India, China, and Indonesia. To meet the demand for decorative architectural coatings and environmentally friendly coatings, key market players in the region are focusing on understanding relationship between application techniques, local raw materials, and a substrate difference.
