Press release
Architectural Coatings Market Analysis, Trend By 2026 | Top Key Players - Akzo Nobel NV, PPG Industries, The Sherwin-Williams, RPM International, Valspar, Nippon Paint, Kansai Paint
Architectural Coatings Market
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This report provides an exhaustive account of the industry including:
o Architectural Coatings market size, historical from 2015 to 2019 and annual forecast from 2020 to 2026.
o Major Architectural Coatings industry trends, technology evolutions, economic indicators and business challenges.
o Regulatory and geopolitical trends impacting the industry.
o Business drivers and pitfalls impacting key regional markets.
o Competitive landscape of the industry and detailed profiles on the major companies.
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.
Some of the prominent industry players partaking in the worldwide Architectural Coatings industry include:
-Akzo Nobel NV
-PPG Industries
-The Sherwin-Williams
-RPM International
-Valspar
-Nippon Paint
-Kansai Paint
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.
Architectural coating products sale in the European market was very healthy in 2015. Increase in construction and renovation spending in residential as well as commercial sectors throughout Europe is forecast to fuel growth.
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