Interior Architectural Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
The global interior architectural coatings market reached a value of US$ 39.8 billion in 2018. Interior architecture involves taking care of the interior space of a building, technically as well as scientifically, while considering all construction aspects such as materials, finishes, electrical requirements, plumbing, lighting, ventilation and smart use of the available space. Generally, interior architectural coatings include organic finishes which are used for the purpose of protecting and beautifying the interior space of various kinds of buildings. They not only make the interior attractive but are also harmless for the surroundings in different temperatures. The list of interior architectural coatings includes a wide variety of items like wall paints, varnishes, primers, sealers, ceramics and others. These are mainly used for transforming an interior space so as to make it safe, decorative and long lasting. Looking forward, the market value is projected to reach US$ 57.8 Billion by 2024, exhibiting a CAGR of 6.4% during 2019-2024.
Over the past few years, there has been a significant increase in construction of residential and commercial buildings which has caused a steady rise in the global market for interior architectural coatings.
Another key factor driving the demand of interior architectural coatings is a rise in the financial and social status of consumers. In addition, consumers have become aware about choosing premium quality products being used for appropriate protection and beautification of their houses.
Many emerging economies like China, Korea, Japan and India are going through a phase which is brimming with many infrastructural activities that have significantly contributed to the growth of the interior architectural coatings market.
These coatings provide an eco-friendly protection and help in preventing corrosion, and rusting of decorative pieces like sculptures, wood flooring and furniture.
Based on the resins type, the market has been segmented into acrylic, polyester, alkyd, epoxy, polyurethane and others. Acrylic currently dominates the market, holding the largest share.
Based on the technology, the market has been segmented into water-borne coatings and solvent-borne coatings. Water-borne coatings currently dominate the market, holding the largest share.
Based on the distribution channel, the market has been segmented into company-owned stores, independent distributors, and large retailers and wholesalers. Company-owned stores currently dominate the market, holding the largest share.
Based on the type of consumer, the market has been segmented into professional consumers and DIY (Do-it-yourself) consumers. Professional consumers currently dominate the market, holding the largest share.
Based on the end-user, the market has been segmented into residential and non-residential sectors. The residential sector currently dominates the market, holding the largest share.
Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the leading market, accounting for the majority of the market share.
The competitive landscape of the market has also been examined with some of the key players being AKZO Nobel, Axalta Coatings, Asian Paints, BASF SE, Nippon Paints, Kansai Paint Co., PPG Industries, RPM International Inc., The Sherwin- Williams Company and The Valspar Corporation.
This report provides a deep insight into the global interior architectural coatings market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the interior architectural coatings industry in any manner.
Key Questions Answered in This Report:
How has the global interior architectural coatings market performed so far and how will it perform in the coming years?
What are the key regions in the global interior architectural coatings market?
What are the major resin types in the global interior architectural coatings market?
What are the key technologies in the global interior architectural coatings market?
What are the major distribution channels in the global interior architectural coatings market?
What is the breakup of the global interior architectural coatings market on the basis of consumer type?
What are the major end-use segments in the global interior architectural coatings market?
What are the various stages in the value chain of the global interior architectural coatings industry?
What are the key driving factors and challenges in the global interior architectural coatings industry?
What is the structure of the global interior architectural coatings industry and who are the key players?
What is the degree of competition in the global interior architectural coatings industry?
How are interior architectural coatings manufactured?
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook