Global Interior Architectural Coatings Market 2015-2019 - Market Research Report
About interior 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 global interior architectural coatings market to grow at a CAGR of 5.88% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global interior architectural coatings market for the period 2015-2019. To arrive at a ranking of the leading vendors in the market and to calculate the market size, the report considers revenue generated through sales of interior architectural coatings. It also presents the vendor landscape and a corresponding detailed analysis of the top 10 vendors in the global interior architectural coatings market. The report also provides data on the different segments of the market based on the following criteria:
Technavio Announces the Publication of its Research Report – Global Interior Architectural Coatings Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Interior Architectural Coatings Market: AkzoNobel, PPG, Sherwin-Williams, Valspar, BASF, Nippon, Asian Paints, DAW, Benjamin Moore and Masco
The other prominent vendors are: Adex, Axalta, Berger Paints, Brillux, Colorado Paint, Dulux, Dunn-Edwards, IFS Coatings, Jotun, Kansai, KEIM Mineral Coatings, Kelly-Moore, Materis, Meffert, Morrells, Pintuco, RPM, Schaepman, Tikkurila, and Tnemec.
Commenting on the report, an analyst from Technavio’s team said: “Vendors are focusing on unique color schemes to differentiate their products and attract buyers. Unique colors are being introduced by vendors, followed by the implementation of marketing communication programs to enhance brand awareness. The market is expected to see an increase in the use of different color combinations to enhance the aesthetic appeal of the coated surface. Key vendors in the market are also focusing on the introduction of metallic paints that end-users can use to highlight surfaces. Tikkurila offers such products.”
According to the report, increasing investments in the development of infrastructure in APAC and Latin America have contributed to the growing demand for interior architectural coatings, especially from the commercial sector. The growth of the housing market in various countries in APAC and Latin America such as Peru, Colombia, Chile, India, Thailand, Philippines, and Indonesia has led to an increase in demand for interior architectural coatings from residential end-users.
Further, the report states that declining demand for solvent-borne architectural coatings in these regions is a major challenge for vendors.
AkzoNobel, PPG, Sherwin-Williams, Valspar, BASF, Nippon, Asian Paints, DAW, Benjamin Moore, Masco, Adex, Axalta, Berger Paints, Brillux, Colorado Paint, Dulux, Dunn-Edwards, IFS Coatings, Jotun, Kansai, KEIM Mineral Coatings, Kelly-Moore, Materis, Meffert, Morrells, Pintuco, RPM, Schaepman, Tikkurila, Tnemec
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