Architectural Coatings Market in North America 2015-2019
About Architectural Coatings
Coatings protect a surface and/or enhance its appearance. Architectural coatings are applied to commercial and residential buildings. They serve to protect a building from elements, such as moisture, UV radiation, and microbes. Paints, primers, lacquers, varnishes, and stains are some of the major types of architectural coating products. These products are formulated using various types of resins, such as acrylic, alkyds, polyester, and polyurethane. The market may be broadly classified into two major types of coating technologies: Solvent-borne and water-borne coatings.
Technavio analysts forecast the architectural coatings market in North America to grow at a CAGR of 4.02% during 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the architectural coatings market in North America for the period 2014-2019. To arrive at the market shares 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 five 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); resin (acrylic, alkyd, epoxy, polyester 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); application (interior and exterior applications); and distribution channel (company stores, home centers, and independent distributors).
In addition, the report discusses the major drivers influencing market growth, and also outlines the challenges facing the vendors and the market as a whole. It evaluates the key trends that are emerging in the market.
The Technavio report, namely Architectural Coatings Market in North America 2015-2019, is based on an in-depth market analysis, with inputs from industry experts.
Technavio Announces the Publication of its Research Report – Architectural Coatings Market in North America 2015-2019
Technavio recognizes the following companies as the key players in the Architectural Coatings Market in North America: Benjamin Moore & Co., Masco Corp., PPG Industries Inc., The Sherwin-Williams Co. and The Valspar Corp.
Other Prominent Vendors in the market are: Adex, Lanco, RPM International, Tnemec, Axalta, Cloverdale Paint, Colorado Paint, Diamond Vogel, Dunn-Edwards, IFS Coatings, KEIM Mineral Coatings of America and Kelly-Moore Paints
Commenting on the report, an analyst from Technavio’s team said: “Growing focus o distribution channel strategies is one of the key trends being witnessed in this market. An increasing number of vendors in the market such as PPG are focusing on enhancing their presence in North America by employing a multichannel distribution strategy. This involves offering products through an optimal mix of distribution channels that include home centers, independent distributors, and company-owned stores.”
According to the report, continuous advances in architectural coating technology have necessitated provision of support services by vendors to customers. A wide range of products with varying formulations and performance characteristics exist in the market. The efficient use and proper application of such improved technologies require considerable support from vendors.
Further, the report states that stringent regulations in North America and implementation of regulatory limits on permissible levels of architectural coatings have encouraged development of novel products with negligible VOC content. Decline in demand for solvent-borne architectural coatings in these regions is a major challenge for vendors.