Architectural Coatings Market Overview by Prominent Key Players (Akzo Nobel, Asian-Paints, Berger Paints, Carpoly, DAW SE, Hempel, Jotun, Kansai Paints, Nippon paint), Trends, Share and Cost Structure Analysis | Global Future Scope to 2023

Marketprognosis.com Publish a New Market Research Report On “Global Architectural Coatings Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Architectural Coatings Market:

The Global Architectural Coatings Market was valued at USD 63,390.51 Million in 2017 and is expected to register a CAGR of about 5.56%, in terms of revenue, during the forecast period 2018-2023.

Architectural coating, owing to its corrosion and temperature resistance, increased durability on end products, and low fire-hazards risks properties, is becoming an integral part of various commercial and residential sectors. In 2017, Asia-Pacific dominated the global market and accounted for around 32% share. Increasing housing construction activities in emerging economies of Asia-Pacific, coupled with the rising commercial activities in the United States, are expected to boost the market growth, during the forecast period.

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In Asia-Pacific, the emerging economies, such as China, India, Indonesia, Vietnam, and the Philippines, have been witnessing a growth in the number of construction activities. Robust economic performance as of 2017 is expected to further accelerate the growth in the number of housing construction activities in the region. In Indonesia, millennial accounts for over 50% of the productive population. With the growing youth population in the country, the housing demand has also been increasing, simultaneously. In order to cater the growing demand for affordable houses, the construction of housing units has been increasing in the country. In 2016, the country constructed about 700,000 affordable houses. Besides this, in 2017, the country was on a track to build about 900,000 new affordable houses.

In India, the government has been actively favoring the housing construction, where it aims to provide homes to about 1.3 billion people. The country is likely invested around USD 1.3 trillion in housing over the next seven years, where it is likely to construct 60 million new homes. By 2014, the availability of affordable housing is expected to rise up to 70% in the country. Therefore, with such a boom in housing construction activities in the emerging economies of Asia-Pacific, the demand for architectural coatings is projected to increase, substantially, during the forecast period.

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In 2017, Asia-Pacific accounted for the largest share of the global architectural coatings market, and is expected to maintain its position in the coming years as well. This growth is majorly driven by China, as the country is expected to register a CAGR of 7.82%, in terms of volume, by 2023. With the improving financial status of consumers, the purchasing power of middle-class consumers has increased, which, in turn, is accelerating the demand for infrastructure consequently, making the countries, such as India, China, Indonesia, and Vietnam, areas of immense potential and opportunities.

Major Key Players:

1 Akzo Nobel

2 Asian-Paints

3 Berger Paints

4 Carpoly

5 Chromology

6 DAW SE

7 Hempel

8 Jotun

9 Kansai Paints

10 Masco

11 Nippon paint and More……………..

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Architectural Coatings Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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