Architectural Coatings Market size, share, industry analysis & forecast, 2016 - 2024 - PowerPoint PPT Presentation

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Architectural Coatings Market size, share, industry analysis & forecast, 2016 - 2024

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Global Architectural Coatings Market size is majorly driven by the developments in the construction industry and rising demand for exotic coatings. Asia Pacific architectural coatings market revenue was driven by MNCs such as AkzoNobel, Valspar, Sherwin-Williams, and PPG. Many companies in the architectural coatings market share have a communicating tool on their website to provide the end user an idea of shades of color available and the different combinations which aids in shopping. – PowerPoint PPT presentation

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Title: Architectural Coatings Market size, share, industry analysis & forecast, 2016 - 2024


1
Architectural Coatings Market size, share,
industry analysis forecast, 2016 - 2024
AkzoNobel, Valspar, Sherwin-Williams, and PPG are
the Leading Manufacturers
2
Global Market Scenario of Architectural Coatings
Industry
  • Global Architectural Coatings Market size is
    majorly driven by the developments in the
    construction industry and rising demand for
    exotic coatings.
  • Increasing number of commercial buildings coming
    up throughout the globe will propel the market
    for architectural coatings. With the global shift
    towards Asia Pacific for commercial spaces, the
    architectural market size is forecasted to grow
    significantly from 2016 to 2024.
  • Reconstruction spending coupled with dual income
    families is also driving the architectural
    coating market in the U.S. These products are
    also used in interior decoration such as wood
    flooring, wall painting, furniture and
    sculptures. With the enhancing financial and
    social status of the population of the developed
    as well as the emerging nations, the demand for
    architectural coatings is only likely to increase
    between 2016 and 2024.

3
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  • Increase in environmental awareness has led to
    innovations to provide quality products in
    coating industry which are affordable, high
    quality, possess value added features and meet
    global trends. Also, growing safety standards
    will rise the demand for fireproof and waterproof
    coatings on buildings. This is shifting the
    global focus towards architectural coatings
    market.
  • Transportation is a growing application area,
    which involves coatings for buses, cars,
    aircraft, rail and ship. They help in preserving
    the material from corrosion, rusting or other
    oxidation damage.
  • Architectural coatings market can be segmented
    based on resin type, technology, and application.
    Major resin types include acrylic, epoxy and
    polyester. Acrylics have a fast drying property
    and find extensive use in the paints industry.
    Epoxy has a major application in the paints and
    coatings industry to provide the adhesive nature
    as well luster in the paints.

4
Research Methodology
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Products Insights
  • Architectural coatings market can be segmented
    based on resin type, technology, and application.
    Major resin types include acrylic, epoxy and
    polyester. Acrylics have a fast drying property
    and find extensive use in the paints industry.
    Epoxy has a major application in the paints and
    coatings industry to provide the adhesive nature
    as well luster in the paints. Asia Pacific
    accounted for over a third of the volume and
    revenue share of the worldwide demand for paints
    and varnishes in 2015. Construction industry
    accounts for almost half of the global
    consumption of paints and varnishes.
  • Key technology segments include water based and
    solvent based and powder coatings. Water and
    solvent based paints varnishes accounts for the
    major chunk of the global share. However, powder
    coating is also finding application in household
    appliances, metal products, facade elements and
    computer casing and is estimated to gain share
    until 2024.

6
Competitive Insights
  • Asia Pacific architectural coatings market
    revenue was driven by investments from MNCs such
    as AkzoNobel, Valspar, Sherwin-Williams, and PPG.
    These companies have been observed to increase
    their product portfolios in countries of Asia
    Pacific as well as parts of Latin America, which
    is forecast to drive growth.

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7

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