Architectural
coatings are paints used to coat and paint houses &
buildings, also known as decorative coatings. These
coatings are engaged to prevent corrosion & rusting of metallic parts of
radiators, tanks, fences and metal furniture. These coatings are designated for
specific applications for instance wall paintings & wood flooring and
sculptures & furniture etc. These coatings have
the ability to fascinate, reflect light and to change color of the substrate or
surface. These are majorly applied for executing protective, durable and
decorative functionalities. Some of the essential properties include adhesion,
weather shield, wettability, and resistance to corrosion.
According
to study, “World
Architectural Coatings Market Research Report 2024(Covering USA, Europe, China,
Japan, SEA and India)” the key companies operating in
the world architectural coatings market are AkzoNobel NV, Nippon
Paints Holdings Co. Ltd, Midwest Industrial
Coatings Inc., PPG Industries Inc., Kelly-Moore Paint
Company, Inc., Asian Paints Ltd., Axalta Coatings, Kansai Paint Co., Sumter
Coatings, BASF SE, The Valspar Corporation, RPM International Inc., The
Sherwin-Williams Company, Protech-Oxyplast, Novochema, Primalex, CHEMOLAK, Jotun,
Colorlak, Color Company, Denas Color, Inex, Prisum Coatings
Canada Inc., A&A Coatings, Helios Group, RockSolid Industrial, Single
Source, Inc., LINE-X UK, Michelman, Inc., IFS Coatings, Berger Paints, Carpoly,
Chromology, Hempel, Tikkurila Oyj, Duluxgroup Ltd., Benjamin Moore & Co., Diamond-Vogel
Paint Company, STO Corp., Guangdong Maydos Building Materials Co., Ltd, Lanco
Paints, H-I-S Coatings and Paint Manufacturing Co., Pintuco, Fujikura Kasei
Co., Ltd.
Based
on resin type, architectural coatings market
is segmented into acrylic, epoxy, alkyd, polyurethane, urethane, polyester and
others. Based on technology, market is segmented into solvent borne coatings, waterborne
coatings and powder coatings. Based on function, market is segmented into ceramics,
lacquers, inks, paints, primers, powder coatings and sealers. Based on coating
type, market is segmented into exterior, interior and others (roofing, flooring
and wood). Based on user type, market is segmented into professional and DIY.
In addition, based on application, market is segmented into residential and
non-residential.
The
architectural coatings market is
driven by increase in adoption of powder coatings & water borne coating
formulations, followed by environmentally-friendly coating systems, rise in per
capita paint consumption, increase in demand from construction industry, growth
in population, rapid increase in industrialization & urbanization, enhance
in financial & social status of the population, growth in demand for
fireproofing & waterproofing materials for new and refit constructions, increase
in infrastructural activities, growth in
environmental awareness and durable coatings with better performance &
aesthetics. However, stringent environmental regulations and rise in raw
material prices may impact the market. Moreover, expand in application areas of
nano-coatings and introduction of green coatings solutions are key
opportunities for market.
Based
on geography, China, Japan and India countries holds major share in architectural
coatings market owing to large number of developments & reclamation
activities by government organizations and substantial development firms in the
countries. Europe and USA are expected to witness higher growth rate due to
rise in demand for bio-based coating materials and increase in technological
advancements over the forecast period. It is projected that the market will be
grown fast on account of increase in demand for high durability &
eco-friendly coatings over the forecast period.
For more information,
refer to below link:-
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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
