Press release
Global Exterior Architectural Coatings Market is projected to surpass USD 29 billion by 2025; Leading Players In Industry Are AkzoNobel N.V., Axalta Coating Systems, PPG Industries, Sherwin-Williams and Nippon Paints
Global Exterior Architectural Coatings Market
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The global exterior architectural coating market is witnessing rapid technological breakthroughs which have highly impacted the current market trends, competition, forecast and dynamics including drivers, restraints and opportunities. The report also entails a detailed analysis of the global exterior architectural coating industry, strategies of key industry participants including mergers & acquisitions, Porter’s Five Forces Analysis and value chain analysis for better decision making. The report also provides exhaustive market segmentation and its ongoing trends and macroeconomic indicators for key geographical markets.
Paints, varnishes, lacquers, enamels and emulsions are the widely adopted coating products. Emulsions are expected to show high growth, rising with a revenue CAGR of 4.7% during the forecast period (2018 to 2025), owing to its excellent properties such as quick drying, lower cost and ease of use.
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Waterborne coatings segment was valued at USD 15.89 billion in 2017 and is expected to maintain its prominence in the years ahead since its non-flammable characteristics improve consumer safety and sustainability by reducing harmful emissions. Also, shifting trends towards eco-friendly products has further favored the growth of this segment. Stringent amendments by EU Commission and Environmental Protection Agency (EPA) affecting VOC content in coatings has led to the adoption of green technologies and bio-based materials for architectural applications, thereby driving the waterborne coatings demand over the forecast period.
Asia Pacific is projected to be the largest consumer within the global exterior architectural coating industry over the forecast period, with an estimated revenue CAGR of 6.3% from 2018 to 2025. Increasing government budget allocation for infrastructure development in Asia Pacific, particularly in countries such as India and China, is a key factor behind market growth. Presence of cheap labor along with ample availability of raw material resulting in low production cost has forced key players to shift their production to Asia Pacific which is further expected to propel the Asia Pacific exterior architectural coatings market development.
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Key segments of the global exterior architectural coatings market
Resin Type Overview, 2015-2025 (Kilo Tons) (USD Million)
Acrylic
Polyurethane
Alkyd
Polyester
Epoxy
Others
Technology Overview, 2015-2025 (Kilo Tons) (USD Million)
Waterborne
Solventborne
Product Overview, 2015-2025 (Kilo Tons) (USD Million)
Primer
Enamel
Emulsions
Others
Application Overview, 2015-2025 (Kilo Tons) (USD Million)
Residential
Non-Residential
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
North America
U.S.
Canada
Europe
France
UK
Germany
Rest of Europe
Asia Pacific
India
Japan
China
Rest of APAC
Latin America
Brazil
Rest of Latin America
Middle East & Africa
About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
Contact Information:
Ryan Johnson
Account Manager Global
3131 McKinney Ave Ste 600, Dallas,
TX75204, U.S.A.
Phone No.: USA: +1 (214) 884-6068 / +91 9665341414
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