Architectural Coatings Market in APAC 2015-2019
About Architectural Coatings
Coatings are products used to protect a surface and/or enhance its appearance. Architectural coatings are applied to commercial and residential buildings. They protect a building from moisture, UV radiation, and microbes. Paints, primers, lacquers, varnishes, and stains are some of the primary types of architectural coating products. These are formulated using resins such as acrylic, alkyds, polyester, and polyurethane. The market can be broadly classified into two major types of coating technologies: solvent-borne and water-borne.
Technavio's analysts forecast the architectural coatings market in APAC to grow at a CAGR of 5.76% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the architectural coatings market in APAC for the period 2015-2019. To arrive at a ranking of the leading vendors of the market, and to calculate the market size, the report considers the revenue generated through the sales of architectural coatings by vendors. It also presents the vendor landscape and a corresponding detailed analysis of the top six vendors in the market. The report also provides data on the different segments of the market, which are based on the following criteria: technology (water-borne and solvent-borne coatings); resins (acrylic, polyester, alkyd, epoxy, and others such as polyurethane, PTFE, and PVDF); end-users (residential and commercial); type of activity (new construction and remodeling/repainting); type of consumers (professionals and DIY); application (interior and exterior); and distribution channels (independent distributors, merchant builders, and large retailers).In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
Technavio's report, Architectural Coatings Market in APAC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
Technavio Announces the Publication of its Research Report – Architectural Coatings Market in APAC 2015-2019
Technavio recognizes the following companies as the key players in the Architectural Coatings Market in APAC: Akzo Nobel, Asian Paints, Kansai, Nippon Paint, PPG and Valspar
Other Prominent Vendors in the market are: Berger Paints, Carpoly, Culux, Guangdong Maydos, Jotun, Shandong, Shanghai Coatings, and Yip’s.
Commenting on the report, an analyst from Technavio’s team said: “Vendors introduce unique colors and implement marketing communication programs to differentiate their products and attract buyers. The market is expected to witness increase in the use of different color combinations to enhance the esthetic appeal of the coated surface. Key vendors in the market are also focusing on introduction of metallic paints that end-users could deploy to highlight the surface.”
According to the report, durability of exterior coatings has always been a challenge for vendors in the global architectural coatings market. Vendors such as Axalta have been focusing on introduction of products for exterior applications such as façades. The company offers façade coatings with superior weather-resistance and mechanical properties. The product range comprises matt, high-gloss, and semi-gloss coatings in various textures such as metallic. There has been continuous innovation and increased R&D spending by vendors for introduction of high-performance façade coatings.
Further, the report states that introduction of an increasing number of products with little product differentiation is restricting market growth.
Akzo Nobel, Asian Paints, Kansai, Nippon Paint, PPG, Valspar, Berger Paints, Carpoly, Culux, Guangdong Maydos, Jotun, Shandong, Shanghai Coatings, Yip’s.
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