Architectural Coatings Market To Power Dynamically And Reach $115.96 Billion By 2032

The global architectural coatings market is expected to reach USD 72.23 Billion in 2023. The market is forecast to reach USD 115.96 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5.4% during the forecast period 2024-2032. The global market is undergoing high development due to technological advancements, rising applications, and the increasing requirement in Asia Pacific. The increasing investment in infrastructure, economic development in developing nations, increasing purchasing ability, stringent environmental regulations, and the increasing requirement for environmentally-friendly and green coatings are also responsible for the development of the global market.

Major players of the global market comprise Akzo Nobel N.V., PPG Industries, Inc., Kansai Paints Co., Ltd., The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Asian Paints Limited, Masco Corporation, BASF SE, RPM International Inc., and Jotun Group. Sherwin-Williams is a renowned coatings and paints firm. It is a worldwide leader in the development, manufacturing, sale, and distribution of decorative coatings & paints and associated products to industrial, professional, retail, and commercial users. It has a solid user base and works in different nations of North America, Europe, and Asia Pacific.

Acrylic Resin To Add Up For The Biggest Share Of The Global Architectural Coatings Market

The global market’s acrylic segment will add up for the biggest share due to its employment in primary architectural coatings. The oxidation and weathering resistance of acrylics is enhanced as compared to alkyds, oil-based paints, or epoxies since the major elements of acrylic polymers offer a polymer formation that has low tendency to soak up UV light. In addition to this, acrylics have good gloss and color retention. They are well recognized for their durability as they defend the underlying substance from degradation posed by exposure to snow, rain, UV light, and wind.

Asia Pacific Is The Biggest Market For Architectural Coatings

APAC is expected to be the quickest-developing market during the forecast period in terms of value and volume. The architectural coatings market in Asia Pacific is expected to add up for the biggest share in the coming period in terms of both value and volume. The Asia Pacific architectural coatings market is boosted by the economic development and increasing population. Both the non-residential and residential industry in India and China are projected to grow in the years to come, which will boost the requirement for architectural coatings from this area.

Browse the full “Global Architectural Coatings Market by Resin Type (Alkyd and Acrylic), Coating Type (Exterior and Interior), Technology (Waterborne, Powder, and Solvent-borne), Application (Residential and Non-residential), User Type (Professional and DIY Users) and Region– Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032” Report at https://www.zionmarketresearch.com/report/architectural-coatings-market

The global architectural coatings market is segmented as follows:

By Resin Type

• Acrylic
• Alkyd
• Vinyl
• Polyurethane
• Others (Epoxy, Unsaturated polyester resin, Saturated polyester resin)

By Technology

• Waterborne
• Solventborne 
• Powder Coating

By User Type

• DIY
• Professional

By Application

• Residential
  • New construction
  • Remodel and Repair
• Non-Residential

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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