Architectural Coatings Market in EMEA 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 EMEA to grow at a CAGR of 5.7% 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 EMEA for the period 2015-2019. To arrive at the market shares of the leading vendors in 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 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 end-users); type of activity (new construction and remodeling/repainting activities); type of consumers (professional and DIY consumers); and application (interior and exterior applications).
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 EMEA 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 EMEA 2015-2019
Technavio recognizes the following companies as the key players in the Architectural Coatings Market in EMEA: Akzo Nobel NV, DAW SE, Jotun Group, Kansai Paint Co. Ltd., PPG Industries Inc., and Tikkurila Oyj.
Other Prominent Vendors in the market are: BASF, Brillux, CIN, Crown Paints, Flugger, Helios, J. W. Ostendorf, Materis, Meffert, Schaepman, Sherwin-Williams, Sniezka, Sto, and Valspar.
Commenting on the report, an analyst from Technavio’s team said: “One trend that boosts market growth is the increase in demand for functional coatings. Such products include graffiti-resistant coatings and self-cleaning finishes. These coatings can be wiped clean from any paint, pen and marker ink, and graffiti.”
According to the report, the advent of innovative products is a key driver observed in this market. Key vendors in the market are increasing R&D spending to capture high market share through the introduction of new products. While the market has been witnessing continuous innovations, incorporation of potential materials such as microspheres in coating technologies is a relatively new concept
Further, the report states that the rising cost for raw materials is a challenge that negatively impacts the market. Volatility in prices of titanium dioxide and crude oil can adversely affect the market as these are the major raw materials required in production of architectural paints.
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