Architectural Coatings Market Various Trends, Drivers, Restraints and Dynamics

Architectural coatings are the paints and coatings used to coat buildings and homes. Most are designated for specific uses such as roof coatings, wall paints, or deck finishes. The right binder or additive in architectural coatings can put paint in a whole new category.

Intensity of this volatiles can be reduced with the help of functional paints.Major factor driving growth of the global architectural coating market is increasing construction and reconstruction activities in residential and commercial sector and rising environmental concern along with growing preference for green coating and water based coating.

Moreover, increasing government expenditure on upgradation of present infrastructure, rising public and private partnerships for various housing projects in countries such as India and China resulting in increasing number of construction activities for residential and non-residential purpose, thus boosting growth of the global architectural coating market.

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Among resin type segments, the acrylic segment is expected to account for largest revenue share of US$ 23.4 Bn in 2017, and is expected to continue its dominance over the forecast period, while the polyurethane segment is expected to register a lucrative CAGR in next ten years.

The architectural coating market in Asia Pacific is estimated to account for major revenue share of US$ 18.4 Bn in 2017, and is expected to register a lucrative CAGR in next ten years, owing to growing construction and reconstruction activities in countries in the region.

Key Players operating in the global architectural coating market include PPG Architectural Coatings, The Sherwin-Williams Company, RPM International Inc.

On the basis of resin type segmentation, the acrylic segment is expected to contribute major revenue share, and is expected to maintain its dominance over the forecast period. The acrylic segment is expected to witness highest CAGR of 6.2%, owing to wide spread applicability of acrylic resin in water reducible and emulsion resin which are used for manufacturing of coats and varnishes.

On the basis of technology type segmentation, the water based segment is expected to contribute major revenue share, and is expected to maintain its dominance over the forecast period.

This in turn is expected to support growth of the architectural coating market over the forecast period. According to U.S. Census Bureau and the U.S. Department of Housing and Urban Development report they authorized 1,396,000 building permits in US region.

For instance, according to European Commission total investment in construction sector in Germany increased by 9.5% over 2008-2015.

In 2017, Latin America accounted for the moderate revenue share contribution to the global architectural coating market, owing increasing demand for coating material with properties such as single layer coating, improved resistance to chemicals, weather, etc.

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