Global “Architectural Coatings Market” Report 2020 trend offers Complete examination of industry status and standpoint of significant areas dependent on of central participants, nations, item types, and end enterprises. This report focuses on the Architectural Coatings in Global market, especially in United States, Europe, China, Japan, South Korea, North America, India. Architectural Coatings Market report categorizes the market based on manufacturers, regions, type and application. Architectural Coatings Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data.
Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Architectural Coatings Market report categorizes the market based on manufacturers, regions, type, and application. Architectural Coatings Market reports offer a detailed assessment of the Architectural Coatings including enabling technologies, current market situation, market assumptions, restraining factors.
List of Top Key-players in 2020 of Architectural Coatings Market:-
- Akzo Nobel
- Berger Paints
- DAW SE
- Kansai Paints
- Nippon paint
- RPM International
- Sherwin Williams ( including Valspar)
- Tikkurila Oyj
The Global Architectural Coatings market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
In 2017, the global architectural coatings market was valued at USD 63,390.51 million and is expected to register a CAGR of about 5.56%, in terms of revenue, during 2018-2023 (the forecast period). Architectural coating, owing to its corrosion and temperature resistance, increased durability on end products, and low fire-hazards risks properties, is becoming an integral part of various commercial and residential sectors. In 2017, Asia-Pacific dominated the global market and accounted for around 32% share. Increasing housing construction activities in emerging economies of Asia-Pacific, coupled with the rising commercial activities in the United States, are expected to boost the market growth, during the forecast period.
Increasing Housing Construction Activities in Emerging Economies of Asia-Pacific
In Asia-Pacific, the emerging economies, such as China, India, Indonesia, Vietnam, and the Philippines, have been witnessing a growth in the number of construction activities. Robust economic performance as of 2017 is expected to further accelerate the growth in the number of housing construction activities in the region. In Indonesia, millennial accounts for over 50% of the productive population. With the growing youth population in the country, the housing demand has also been increasing, simultaneously. In order to cater the growing demand for affordable houses, the construction of housing units has been increasing in the country. In 2016, the country constructed about 700,000 affordable houses. Besides this, in 2017, the country was on a track to build about 900,000 new affordable houses.
In India, the government has been actively favoring the housing construction, where it aims to provide homes to about 1.3 billion people. The country is likely invest around USD 1.3 trillion in housing over the next seven years, where it is likely to construct 60 million new homes. By 2014, the availability of affordable housing is expected to rise up to 70% in the country. Therefore, with such a boom in housing construction activities in the emerging economies of Asia-Pacific, the demand for architectural coatings is projected to increase, substantially, during the forecast period.
Water-borne Technology the Dominant Technology Type
The core reason for manufacturers to switch from solvent-borne coatings to water-borne coatings is the VOC released from solvent-borne coatings. Also, other properties, like low odor, more durability, and block resistance, make water-borne coating a preferable option. There are many regulations from several governments that support the use of water-based coatings. REACH, a government initiative in Europe, was adopted to improve human health and the environment and avoid the risks caused by chemicals, along with fueling up the competition in the European chemicals industry. Promoting alternative methods, for the hazard assessment of substances, in order to reduce tests on animals, is growing the demand for coatings with low VOC-content, such as water-borne coatings. In recent times, there has been a propensity among users to use coatings with high usability and water clean-up characteristics, water-borne coatings meet the requirements and facilitate low viscosity, without the addition of low-molecular weight monomers.
Asia-Pacific Dominating the Market Growth
In 2017, Asia-Pacific accounted for the largest share of the global architectural coatings market, and is expected to maintain its position in the coming years as well. This growth is majorly driven by China, as the country is expected to register a CAGR of 7.82%, in terms of volume, by 2023. With the improving financial status of consumers, the purchasing power of middle-class consumers has increased, which, in turn, is accelerating the demand for infrastructure consequently, making the countries, such as India, China, Indonesia, and Vietnam, areas of immense potential and opportunities.
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The global Architectural Coatings market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Highlighted points of Architectural Coatings Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
Key Developments in the Architectural Coatings Market:
June 2017: The Sherwin-Williams Company acquired The Valspar Corporation, to become a global leader in the paints & coatings industry.
April 2017: Asian Paints subsidiary, Berger International acquired Causeway Paints Lanka (Pvt) Ltd (CPLPL) in Sri Lanka.
April 2017: NBCC Ltd signed a deal with Poland-based Bolix SA, a fully owned subsidiary of Berger Paints India Ltd, for energy-efficient building solutions.
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This Architectural Coatings Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Architectural Coatings? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Architectural Coatings Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Architectural Coatings Market? What Was Capacity, Production Value, Cost and PROFIT of Architectural Coatings Market?
- What Is Current Market Status of Architectural Coatings Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Architectural Coatings Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Architectural Coatings Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Architectural Coatings Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Architectural Coatings Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Architectural Coatings Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Architectural Coatings Industry?
Reasons to Purchase this ReportThe growing automotive production and sales expected to drive the marketVarious perspectives of the market with the help of Porters five forces analysisThe product type that is expected to dominate the marketThe region that is expected to witness the fastest growth rate during the forecast periodThe latest developments, market shares, and strategies that are employed by the major market players3 months analyst support, along with the Market Estimate sheet (in Excel)
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Finally, the report Global Architectural Coatings Market 2020 describes the Architectural Coatings industry expansion game plan, the Architectural Coatings industry knowledge supply, appendix, analysis findings, and the conclusion.
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