Press release
Architectural Coatings Market Expected To Exceed US$ 1.21 Billion By 2032
With the emergence of stringent regulations on VOC emission, paint and coating manufacturers are shifting their focus from solvent borne coatings to water-borne coatings. Also, around 80% of household paints sold today are water-based paints, as per the Paint Quality Institute. Advances in additives and resin technologies to overcome the performance issues of water-based coatings like viscosity, flow, and foaming are resulting in increasing demand for water borne formulation in the architectural coatings market.
Key Takeaways from the Market Study
By resin type, UV curable resins expected to hold 40% market share for architectural coatings.
By application type, residential sector expected to account for more than 50% market share for architectural coatings.
Architectural coatings industry expected to possess nearly 35% market share throughout North America.
Architectural coatings industry expected to possess nearly 45% market share throughout Asia Pacific.
China, India, Turkey, Germany and Spain are the top five countries driving demand for architectural coatings.
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Key Segments Covered
By Resin Type :
Acrylic Architectural Coatings
UV Curable Resins Architectural Coatings
Fluoropolymers Architectural Coatings
Urethane Architectural Coatings
Metallic Additive Architectural Coatings
Other Architectural Coatings (epoxy, polyalkyds and amines)
By Formulation Type :
Solvent Borne Architectural Coatings
Water Borne Architectural Coatings
By Application :
Architectural Coatings for Residential Applications
Architectural Coatings Non Residential Applications
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Competitive Landscape: Top Companies in Sun Screen Market
The leading players in the market are focusing on global expansion with new product launches, acquisitions, and opening new facilities in various countries.
PPG Industries Inc., one of the top 6 players with focus on acquisition and enhancing distribution capabilities has acquired ProCoatings, architectural coatings and paint wholesaler in The Netherlands. Moreover, the company is also developing new distribution center for architectural paint and coatings in Texas.
Another major player, Sherwin Williams has introduced Minwax performance series with redesigned color palette and interior stain design center.
Meanwhile, Axalta has also opened world's largest coatings research and development center in Philadelphia.
Report Benefits & Key Questions Answered
Sun Screen Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
Sun Screen Historical volume analysis: The report provides a comparison of Skincare Serums's historical sales and projected sales performance for 2021-2031.
Sun Screen manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Inflammatory Skin Diseases Treatment Market. It carefully gauges the impact of changing healthcare needs of key demographics globally
Sun Screen Consumption by demographics: The report investigates consumer behavior affecting Sun Screen demand outlook for the assessment period. Effect of their keenness for digital trends on Sun Screen is carefully analyzed
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