ARCHITECTURAL COATINGS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The architectural coatings market is estimated to be valued at USD 79.01 Bn in 2024, growing at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031. The architectural coatings market refers to paints and coatings used in residential and non-residential buildings for interior as well as exterior applications. Architectural paints help protect buildings from environmental factors like heat, rain, pollution, and also help in decorating the interiors and exteriors of structures. The rising construction of both residential and commercial buildings across the globe is fueling the demand for architectural coatings. Furthermore, frequent repainting of older structures as per changing design trends is also driving the market growth. However, stringent environmental regulations regarding VOCs emissions from paints may slightly hamper the market during the forecast period.

 Market Dynamics:

The global architectural coatings market is witnessing healthy growth driven by factors such as increasing construction of new residential and commercial buildings worldwide. Rapid urbanization, growing population, rising disposable income, and changing lifestyles are some of the key socio-economic drivers leading to new construction activities. According to estimates, the global construction industry grew by over 3% in 2021. Additionally, the need for repainting and refurbishing of older structures also contributes significantly to the recurring demand for architectural coatings. However, strict environmental norms pertaining to VOCs emissions from paints and coatings pose a challenge for market players. On the positive side, rising R&D efforts towards developing eco-friendly and sustainable coating technologies present lucrative opportunities for further market expansion.

Key features of the study:

• This report provides in-depth analysis of the global architectural coatings market, and provides market size (US$ Bn & KT) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global architectural coatings market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include PPG Industries, Asian Paints, Nippon Paints, The Sherwin-Williams Company, Axalta Coatings, RPM International Inc., The Valspar Corporation, Midwest Industrial Coatings Inc., Sumter Coatings, BASF SE, JSW, Jotun, AkzoNobel N.V., Chemours Company, Arcat, FUJIKURA KASEI CO.,LTD., Syensqo, Metcon Coatings & Chemicals India Private Limited., Acro Paints, and Varuna Paints Private Limited
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global architectural coatings market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global architectural coatings market

Market Segmentation

• By Resin Type:
• • Acrylic
  • Alkyd
  • Epoxy
  • Polyurethane
  • Polyester
  • Urethane
  • Others (PTFE & PVDF)
• By Function:
• • Ceramics
  • Inks
  • Lacquers
  • Paints
  • Powder Coatings
  • Primers
  • Sealers
  • Stains
  • Others (Varnishes, etc.)
• By Technology:
• • Solvent Borne
  • Water Borne
• By End-Use Industry:
• • Residential
  • Non-Residential
• By Regional:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
• • PPG Industries
  • Asian Paints
  • Nippon Paints
  • The Sherwin-Williams Company
  • Axalta Coatings
  • RPM International Inc.
  • The Valspar Corporation
  • Midwest Industrial Coatings Inc.
  • Sumter Coatings
  • BASF SE
  • JSW
  • Jotun
  • AkzoNobel N.V.
  • Chemours Company
  • Arcat
  • FUJIKURA KASEI CO., LTD.
  • Syensqo
  • Metcon Coatings & Chemicals India Private Limited.  
  • Acro Paints
  • Varuna Paints Private Limited