Architectural Coating Market Scope
Architectural coating refers to the paint and other coating used to coat building and homes. The term architectural coatings cover a wide range of different coatings like varnishes, primers, paints, sealers, ceramics, inks and several others. These products are usually designated for a specific purpose such as roof coatings, deck finishes or wall paints. As these are applied on the interior and exterior walls, ceilings of buildings and floor, architectural coatings would resist them from moisture, heat, chemicals changing weather and similar others.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Key Companies Profiled | PPG Industries, Inc. (United States), Akzo Nobel N.V. (Netherlands), The Sherwin-Williams Company (United States), Kansai Paints Co., Ltd. (Japan), Asian Paints Limited (India), Nippon Paint Holdings Co., Ltd. (Japan), BASF SE (Germany) and Masco Corporation (United States) |
CAGR | % |
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Architectural Coating market throughout the predicted period.
PPG Industries, Inc. (United States), Akzo Nobel N.V. (Netherlands), The Sherwin-Williams Company (United States), Kansai Paints Co., Ltd. (Japan), Asian Paints Limited (India), Nippon Paint Holdings Co., Ltd. (Japan), BASF SE (Germany) and Masco Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Jotun Group (Norway) and RPM International Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Architectural Coating market by Type , by Application (Residential and Non-Residential) and Region with country level break-up.
On the basis of geography, the market of Architectural Coating has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2024.
Market Leaders and their expansionary development strategies
In June 2017, Sherwin-Williams Co. completed the acquisition of the Valspar Corp., a Minneapolis-based global paints & coatings company, for about USD 11.3 billion.
Influencing Trend:
Development and Innovation made in Architectural Coating
Market Growth Drivers:
Rising Demand From the Construction Industry, Durable Coatings With Better Performance and Aesthetics and Environmentally-Friendly Coating Systems
Challenges:
Survival of New Players and Entrants
Restraints:
Stringent Government Rules and Regulation against the Harmful VOCs Emitted by Certain Architectural Coatings
Opportunities:
Opportunities in Less Regulated Regions