Press release
Impact Assessment of COVID-19 Outbreak on Architectural Coating Market
Architectural Coating Market
The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., RPM International Inc., PPG Industries, Inc., Asian Paints Limited, and Masco Corporation are some of the companies profiled in the global architectural coatings market.
Transparency Market Research has prepared a comprehensive report on the global architectural coatings market, for the period 2017 to 2025. The report estimates that the global architectural coatings market is likely to expand at 5.7% CAGR. The market is estimated to reach US$ 87,500.4 Mn through 2025.
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Driven by Increased Refurbishment Activities, Asia Pacific to Witness Rapid Growth
In terms of region, the global architectural coatings market is likely to witness dominance of Asia Pacific due to escalated refurbishment and construction activities in countries like China, Taiwan, Thailand, India, and Japan. Interior designing and beautification activities have been witnessing steady rise in its demand across commercial and residential sectors, thanks to the increased love for aesthetics. This love for interior decoration is likely to encourage growth of the architectural coatings market in the Asia Pacific. Furthermore, an increasing trend toward green construction together with huge spending on the infrastructural activities is observed in countries like Australia, which is likely to expand the size of the architectural coatings market in Asia Pacific.
In addition, growing popularity of various specialized coatings coupled with an emerging trend of making use of bio-based coatings is estimated to expand the size of architectural coatings market in Europe. The market in Europe is driven by the growing demand for architectural coatings in countries like Italy, Spain, and France.
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