Press release
Architectural Paint Market - Global Industry Analysis 2019
Besides emerging regions, substantial demand for architectural paints is generated in the developed markets of North America and Europe. The growing number of renovation projects in these developed markets are adding to the rising demand for architectural paint. Broadly, the global architectural paint market is segmented on the basis of product type, application, and region.
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The research study on the global architectural paint market offers a detailed analysis of the key trends that will impact the growth of the global architectural paint market. Key regional and global trends are presented in the report along with valuable forecasts for the regional markets for architectural paint. The breakdown of drivers, restraints, opportunities, and challenges these regional markets for architectural will witness in the coming years provides a clear perspective of the developed and emerging markets to the reader.
Overview of the Global Architectural Paint Market
Architectural paint is used in several infrastructure applications such as walls, tanks, storage, roofs, windows, and others. By application, the global architectural paint market is divided into the interior segment and the exterior segment. Presently, the interior application segment dominates the global architectural paint market and is projected to continue its dominance in the near future.
Although the global architectural paint market is driven by the construction industry, other factors are also significantly contributing to the growth of this market. Some of these factors are the growing disposable income of consumers and rising industrial investments. Another key trend that will gain prominence in the near future is of organic architectural paints.
Many architectural paint products are toxic to the environment and human health. This has led to governments placing strict regulations on the use of these paints. The regulatory framework governing the global architectural paint market is driving the demand for organic architectural paints.
Region-wise, North America dominates the global architectural paint market in terms of consumption and will continue to lead the market in the coming few years. The North America architectural paint market benefits from its expanding residential construction market. The second largest market for architectural paints is Europe. Nevertheless, Asia Pacific is projected to enjoy the fastest growth in the global architectural paint market due to its high economic growth rate and rising disposable income levels in nations such as China and India. On the other hand, regions such as South America and the Middle East are projected to drive the demand in the Rest of the World (RoW) till 2019.
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Companies mentioned in the research report
Players in the global architectural paint market will benefit significantly from the opportunity presented by the emerging markets in the Rest of the World region. Some of the key players operating in the global architectural paint market are Kansai Paint, AkzoNobel, BASF, Valspar, and DuPont.
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