Architectural Coatings Market - Growth, Trends, and Forecast (2020 - 2025)

Architectural Coatings Market - Growth, Trends, and Forecast (2020 - 2025)

The architectural coatings market is expected to register a CAGR of over 6%, during the forecast period. One of the major factors driving the market studied is the increasing housing construction activities in emerging economies of AsiaPacific. Rise in raw material prices is expected to significantly hinder the growth of the market studied.

AsiaPacific is expected to dominate the global market, during the forecast period.
Accelerating demand for ecofriendly coatings is likely to act as an opportunity in the future.

Key Market Trends

Rising Demand from Residential Construction

Paints and coatings are extensively used in the architectural sector, for both exterior and interior applications. Modern advances in paint technology, specifically in the acrylic formulations, have offered a wide range of weatherproof coatings.
Paints and coatings are applied on the exterior of the house to not only increase its aesthetic appeal, but also to protect it from blistering summers, freezing winters, soaking rain, and the daily bombardment of UV radiation, without fading, peeling away, and cracking.
However, moisture causes problems for paint. Dew, rain, snow, and ice on the outside, or vapor and moisture buildup from the inside, can cause problems with exterior paint. When moisture penetrates the paint, blisters can form, and the paint may peel. Moisture blisters, unlike temperature blisters, go through all coats of paints down to the wood.
Additionally, paints and coatings are also used in interiors of houses to add colors, or for decorative purposes, along with a wide range of other functions. Their functions vary, depending upon the type of environment and the room that they are used on.
For example, due to the moisture, bathroom walls need to have wipeability, in order to keep them clean. Paints with glossier sheens have a tighter molecular structure than flat paints, making it more difficult for moisture to penetrate. Thus, these types of paints are used in bathrooms.
The aforementioned factors have been boosting the demand for architectural coatings, in the recent times.

AsiaPacific Region to Dominate the Demand

In the AsiaPacific region, China is expected to witness the highest growth in construction activities, followed by India.
In China, the government spending has been increasing, in order to construct affordable housing facilities, to cater to the housing demand.
Despite the volatile growth in the real estate sector, the significant development of rail and road infrastructure by the Chinese government, to withstand the expanding industrial and service sectors, resulted in a significant growth of the Chinese construction industry in the recent years. As the construction industry is dominated by stateowned enterprises, the increased government spending is boosting the industry in the country.
In India, the infrastructure sector has become one of the major focus areas for the government. The government aims to boost the construction of buildings in the country and has decided to come up with a single window clearance facility, in order to provide speedy approvals of the construction projects.
Japan is keen to invest in overseas infrastructure projects, rather than in its own country, as the country is more interested in reaping the profits of using its technology in other countries, like India. Internally, Japan’s architectural and infrastructural industry has matured, thus making it a less prospective country for paints and coatings.
Therefore, the growing residential and commercial construction activities in the region are expected to drive the market for architectural coatings in AsiaPacific, over the forecast period.

Competitive Landscape

The architectural coatings market is fragmented in nature. Some of the major players of the market studied include Akzo Nobel N.V., The SherwinWilliams Company, PPG Industries, Inc., and Nippon Paint Holdings Co., Ltd., among others.

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1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Housing Construction Activities in Emerging Economies of Asia-Pacific
4.1.2 Rising Demand from Building and Construction in North America
4.2 Restraints
4.2.1 Rise in Raw Material Prices
4.2.2 Stringent Environmental Regulations
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 Technology
5.1.1 Water-borne
5.1.2 Solvent-borne
5.2 Resin Type
5.2.1 Vinyl Acetate
5.2.2 Pure Acrylics
5.2.3 Acetates
5.2.4 Styrene Acrylics
5.2.5 Alkyd
5.2.6 Other Resin Types
5.3 Application
5.3.1 Professional
5.3.2 DIY
5.4 Construction Sector
5.4.1 Commercial
5.4.2 Residential
5.5 Geography
5.5.1 Asia-Pacific
5.5.1.1 China
5.5.1.2 India
5.5.1.3 Japan
5.5.1.4 South Korea
5.5.1.5 ASEAN Countries
5.5.1.6 Australia & new Zealand
5.5.1.7 Rest of Asia-Pacific
5.5.2 North America
5.5.2.1 United States
5.5.2.2 Canada
5.5.2.3 Mexico
5.5.3 Europe
5.5.3.1 Germany
5.5.3.2 United Kingdom
5.5.3.3 France
5.5.3.4 Italy
5.5.3.5 Spain
5.5.3.6 Rest of Europe
5.5.4 South America
5.5.4.1 Brazil
5.5.4.2 Argentina
5.5.4.3 Rest of South America
5.5.5 Middle-East and Africa
5.5.5.1 Saudi Arabia
5.5.5.2 South Africa
5.5.5.3 Egypt
5.5.5.4 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Akzo Nobel N.V.
6.4.2 Asian Paints
6.4.3 Berger Paints India Limited
6.4.4 CARPOLY
6.4.5 DAW SE
6.4.6 Hempel A/S
6.4.7 Jotun
6.4.8 Kansai Paint Co.,Ltd.
6.4.9 Masco Corporation
6.4.10 Nippon Paint Holdings Co., Ltd.
6.4.11 PPG Industries, Inc.
6.4.12 RPM International Inc.
6.4.13 The Sherwin-Williams Company
6.4.14 Tikkurila
6.4.15 ANNIE SLOAN INTERIORS LTD.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Investments in the Infrastructure and Construction Industry in Emerging Economies
7.2 Revival of the Construction Industry in Europe
7.3 Accelerating Demand for Eco-friendly Coatings

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