Architectural Coatings Market Growth, Overview With Detailed Analysis 2022-2028

Precision Business Insights published a research report on "Architectural Coatings Market: By Resin Type (Acrylic, Alkyd, Polyurethane, Vinyl and Others (Epoxy, Unsaturated polyester resin, Saturated polyester resin)), By Technology (Water borne, Solvent borne and Powder Coating) By User Type (DIY (Do-it-Yourself) and Professional), By Application (Residential (New construction, Remodel & Repair) and Non-Residential) - Global/Region/Country Forecast to 2028"

Architectural coatings are a kind of coating that is utilised in the construction and building industries. Architectural coatings are primarily used for ornamental, durable, and protective purposes and are typically designated for various uses also including roof coatings, wall paints, and deck finishes. The global market for architectural coatings had also grown steadily in recent years, with one of the main drivers being the significant increase in the number of incoming residential structures around the world.

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Over the forecast period, the global architectural coatings market is estimated to grow significantly. The worldwide architectural coatings market is predicted to be driven by rising infrastructure spending and rising demand for high performance as well as durable coating materials for building components. These coatings are used to keep metallic parts of tanks, radiators, railings, and metal furniture from corroding and rusting. Architectural coatings are also used in decorative interiors like wall paintings and wood flooring, as well as sculptures and furniture. The EPA's 'National Volatile Organic Compound Emission Standards of Architectural Coatings' were enacted in response to rising health risks and environmental concerns. REACH and other regional regulatory agencies in Canada, China, and Japan have enacted similar VOC emission rules. Water-based eco-friendly architectural paints have been developed in response to the strict regulatory environment. The growing demand for high-durability and environmentally friendly coatings is projected to boost the architectural coatings industry. Over the next six years, market growth is expected to be aided by the development of specialty application sectors such as fresco and sculpture restoration in heritage sites. Over the projected period, rising renovation and restoration activities for both residential and industrial architectures in countries such as the United States, Canada, Mexico, Germany, Japan, China, and Australia are expected to drive market growth.

In terms of source, the architectural coatings market is segregated into Acrylic, Vinyl Acetate-Ethylene (VAE), Alkyds, Polyurethane, Epoxy, Polyesters and Others. In terms of technology, the architectural coatings market is fragmented into solvent borne, and waterborne. In terms of function, the architectural coatings market is categorized into paints, primers, varnishes, stains, sealers, powder coatings, lacquers, ceramics and others. In terms of application, the architectural coatings market is classified into residential, commercial, coatings for wood, roof coatings and floor coatings.

Owing to the huge building projects and restoration initiatives undertaken by government agencies in the region, North America leads the architectural coatings market. Because of rising disposable income and increased demand for interior design in the region, Asia-Pacific is predicted to be the fastest expanding market from 2022 to 2028.

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There are several industry players working in the Architectural Coatings Market, which include Akzo Nobel N.V., Asian Paints, Berger Paints India Limited, Carpoly, RPM International Inc.

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