Interior Architectural Coatings Market to Reach US$ 59.3 Billion by 2028, CAGR of 4.3%

IMARC Group's latest research report, titled "Interior Architectural Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," The global interior architectural coatings market size reached US$ 46.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 59.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.

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Interior Architectural Coatings Market Overview:

Interior architecture coatings are the coatings that are applied on the interior surfaces of buildings for aesthetic and functional purposes. They define the character, ambiance, and style of interior spaces. They are designed to provide durability, protection, and resistance to wear and tear and enhance the appearance of walls, ceilings, and other interior surfaces. They come in various colors, textures, finishes, and formulations to cater to different design requirements, including matte, gloss, satin, and metallic finishes. They are used to create various effects, such as enhancing the depth and richness of colors, highlighting architectural features, creating illusions of space, and adding texture and dimensionality to surfaces. They are widely used in residential, commercial, institutional, and hospitality settings.

Global Interior Architectural Coatings Market Trends:

The global market is majorly driven by the increasing demand for high-quality, durable, and aesthetically pleasing interior coatings from the construction and architecture industry. In line with this, the rising awareness among consumers about the benefits of interior coatings, such as protection against wear and tear, easy maintenance, and improved indoor air quality, is significantly contributing to the market growth.

Furthermore, technological advancements are leading to the development of new coating formulations with superior properties, such as high-performance, eco-friendly, and antimicrobial coatings. Apart from this, the growing number of construction projects, particularly in the commercial and hospitality sectors, is catalyzing the market. Moreover, the escalating demand for eco-friendly and sustainable interior coatings is creating a positive outlook for the market.

Besides, the emerging trend of customization and personalization of interiors and favorable government policies and regulations promoting eco-friendly coatings are strengthening the market. Additionally, the inflating disposable incomes are leading to a rise in consumer spending on home renovation and improvement projects. This, in turn, is providing a boost to the market.

Top Companies in Global Interior Architectural Coatings Industry:

• Axalta Coatings
• AKZO Nobel
• BASF SE
• Asian Paints
• Kansai Paint Co.
• Nippon Paints
• RPM International Inc.
• PPG Industries
• The Valspar Corporation
• The Sherwin- Williams Company

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Key Market Segmentation:

Breakup by Resin Type:

• Acrylic
• Polyester
• Alkyd
• Epoxy
• Polyurethane
• Others

Breakup by Technology:

• Water-Borne Coatings
• Solvent-Borne Coatings

Breakup by Distribution Channel:

• Company-Owned Stores
• Independent Distributors
• Large Retailers and Wholesalers

Breakup by Type of Consumer:

• Professional Consumers
• DIY Consumers

Breakup by End Use Sector:

• Residential
• Non-Residential

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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