Architectural Coatings Market worth $82.4 billion by 2023

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MarketsandMarkets Presents
Architectural Coatings Market worth 82.4 billion
by 2023
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The report "Architectural Coatings Market by
Resin Type (Acrylic, Alkyd), Technology
(Waterborne, Solventborne, Powder), User Type
(DIY, Professional), Coating Type (Interior,
Exterior), Application (Residential,
Non-Residential) and Region - Global Forecast to
2023" ,The market size of architectural coatings
is projected to grow from USD 65.0 billion in
2018 to USD 82.4 billion by 2023, at a CAGR of
4.9 during the forecast period. The increasing
demand from the construction industry, the rising
per capita consumption in APAC, and
environmentally friendly characteristic act as
major drivers of the market. Growing investment
in the emerging regions is a key factor providing
growth opportunities to the market. However,
stringent and time-consuming regulatory policies
are restraining market growth Browse 106 market
data Tables and 50 Figures spread through 170
Pages and in-depth TOC on "Architectural Coatings
Market - Global Forecast to 2023 Download PDF
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nloadNew.asp?id186634159 Key Market
Players The key players operating in the market
are PPG Industries, Inc. (US), Akzo Nobel N.V.
(The Netherlands), The Sherwin-Williams Company
(US), Kansai Paints Co., Ltd. (Japan), Asian
Paints Limited (India), and Nippon Paint Holdings
Co., Ltd. (Japan). These players have adopted
various strategies, such as merger acquisition,
expansion, and new product launch to grow in the
market. New product launch was the key strategy
adopted by the major players between 2015 and
2018. This strategy accounted for a share of 38
of all growth strategies adopted by key market
players and helped companies enhance their market
and expand global presence.
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170 Pages Report The market of Architectural
coatings is projected to grow from USD 65.0
billion in 2018 to USD 82.4 billion by 2023, at a
CAGR of 4.9, during the forecast period. The
global architectural coatings market is
witnessing high growth on account of increasing
applications, technological advancements, and the
growing demand in APAC. The economic growth in
developing countries, increasing investment in
infrastructure, stringent environmental
regulations, growing purchasing power, and the
rising demand for green and environmentally
friendly coatings are also leading to the growth
of the market. Powder coating is the
fastest-growing type segment of the architectural
coatings market. There is a growing requirement
for durable, better weathering performance with
robust mechanical properties, such as improved
flexibility. From the architectural perspective,
there is a growing interest in wood effects,
which are achieved through sublimation print
transfer. Moreover, there is a high demand for
specialty finishes such as anodic imitation
special effects, metallic effects, and smooth low
glow gloss finishes. Hence, the demand for powder
coating is high in the architecture
industry. Rising demand from emerging economies
is expected to drive the architectural coatings
market during the forecast period APAC is
expected to be the largest and fastest-growing
architectural coatings market. The demand for
architectural coatings has increased in other
APAC countries, such as South Korea, Singapore,
India, and Indonesia, as the residential
construction activities in these countries have
risen. China has been the driving force for the
rapid expansion of the paints coatings market,
not only in APAC but also worldwide. Rising
income levels, shift toward nuclear families,
affordable interest rates, and modern attitudes
toward home ownership in several countries are
responsible for a rapid increase in residential
construction activities. These factors are
positively influencing the architectural coatings
market growth.
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• APAC is the largest Architectural coatings market
• APAC is projected to be the fastest-growing
  market, in terms of both volume and value, during
  the forecast period. The Architectural coatings
  market in APAC is estimated to account for the
  largest share, in terms of both volume and value,
  in 2018. The APAC Architectural coatings market
  is driven by the growing population and economic
  growth. Both the residential and non-residential
  sectors in China and India are expected to
  develop during the forecast period, which, in
  turn, will drive the the demand for Architectural
  coatings from this region.
• Request Sample Pages https//www.marketsandmarket
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• Recent Developments
• In June 2017, Sherwin-Williams Co. completed the
  acquisition of the Valspar Corp., a
  Minneapolis-based global paints coatings
  company, for about USD 11.3 billion.
• In May 2014, Sherwin-Williams Co. entered into a
  joint venture with Red Sea Housing Services
  Company to launch its premium paints company in
  Saudi Arabia, which helped the company to grow
  faster and cater to the demand from the Middle
  East.
• Premium Insights (Page No. - 31)    4.1
  Attractive Opportunities in the Architectural
  Coatings Market     4.2 Architectural Coatings
  Market Growth, By Resin Type     4.3 APAC
  Architectural Coatings Market, By Technology and
  Country     4.4 Overview of Architectural
  Coatings Market     4.5 Architectural Coatings
  Market Developed vs. Developing Countries    
  4.6 Architectural Coatings Market Growing Demand
  From APAC

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PPG Industries, Inc. (US) and Akzo Nobel N.V.
(The Netherlands) are the Major Players in the
Architectural coatings Market PPG is dominating
the global architectural coatings market. This
position is achieved by the company after many
successful small and big acquisitions and
expansion activities. The major acquisition done
by the company was DEUTEK S.A. a leading Romanian
Paint and architectural coating manufacturer from
Emerging European Accession Fund (EEAF) in 2017.
This has led to an expansion in Europe and is
expected to boost the growth in the emerging
region of Eastern Europe in the near future. The
company should now focus more on product
innovation, differentiation, and brand awareness
activities to compete and maintain its dominating
position in the architectural coatings
market. For more Info Visit Our Blog _at_
https//chemicalsresearchmarket.wordpress.com/Blog
Akzo Nobel N.V. is a diversified chemical
company founded in 1994 and headquartered in
Amsterdam, Netherlands. The company is active in
the fields of decorative paints and performance
coatings. All the architectural coatings products
are produced under the decorative paints segment.
Akzo Nobel N.V. has a strong customer base and
operates in more than 80 countries of Europe,
Asia-Pacific, South America, and the Middle East.
After the acquisition of the specialty chemical
business by The Carlyle Group and GIC, the
revenue for FY 2017 has been reported under
discontinued operations. Related
Reports Architectural coatings Market by Resin
Type (Acrylic, Alkyd), Technology (Waterborne,
Solventborne, Powder), User Type (DIY,
Professional), Coating Type (Interior, Exterior),
Application (Residential, Non-Residential) and
Region - Global Forecast to 2023

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