The architectural coatings are engaged to safeguard corrosion and
rusting of the metallic parts of tanks, fences, radiators and metal furniture.
These coatings also find benefit in the decorative interiors namely wall
painting and sculptures, wood flooring and furniture. The growing
infrastructure expenditure coupled with intensifying requirement for the great
performance and durable coating materials for the construction components is
predicted to foster the worldwide architectural coating market. Whereas, the
restrict regulatory scenario has led to the improvement of the water-based
eco-friendly architectural coatings. Effective growth in the requirement for
the high durability and eco-friendly coatings is predicted to have an efficient
impression on the architectural coatings market growth.
Not only has this, the advancement
of the niche application sectors namely reestablishment of the frescos and
sculptures in the inheritance sites is predicted to increase the market growth
over the next coming years. According to the report analysis, ‘World Architectural Coatings
Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and India)’ states that in the world architectural coatings market, there are
numerous key players which presently functioning more significantly for leading
the fastest market growth and registering the high value of market share around
the globe while decreasing the price of the product, increasing the
productivity of the product, developing the production technology, delivering
the better consumer satisfaction and decreasing the price of the product.
Not
only has this, the growing renovation & restoration happenings in both the residential
as well as commercial architectures in regions such as U.S., Canada, Mexico,
Germany, Japan, China and Australia is predicted to drive the market
enlargement over the review period. Increasing requirement for the fireproofing
and waterproofing materials for new as well as refit constructions particularly
in economies of extreme temperatures is also predicted to have a positive impression
on the architectural coatings market. This is further assisted by growing the requirement
for LEED certified construction materials due to the growing green buildings
constructions specifically in U.S., Canada and India.
Based
on the region, the Asia Pacific is presently the principal regional architectural
coatings market on account of outsized constructions and reinstatement
initiatives by government agencies and foremost construction firms in India,
China and Japan. The Asia Pacific regional market is predicted to observe above
average growth due to growing disposable income and increasing requirement for
the interior decoration & beautification in both residential as well as
commercial sector. Market growth in the economy is further fostered by growing infrastructure
spending and increasing the green building constructions in regions such as
Australia and India. North America and Europe are comparatively mature markets
and are predicted to have average growth rates over the next coming years. The
market in these economies is principally categorized by the technological
advancements and growing requirement for the bio-based coating materials. Therefore,
in the near years, it is anticipated that the market of global architectural
coating market will increase more significantly over the coming years.
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
