Architectural Coatings Market is Forecasted to Reach US$ 95.0 billion in 2028, Says Stratview Research

The global architectural coatings market is projected to witness a growth rate of 2.6% annually from 2023 to 2028, with an anticipated size of US$ 95.0 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global architectural coatings market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 95.0 billion
Growth (CAGR): 2.6% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 6
Number of Tables & Graphs: 100+

Segment Insights on the Architectural Coatings Market:

The global architectural coatings market is segmented based on resin type, end-user type, user type, application type, technology type, and region.

Based on resin type - The market is bifurcated into Acrylics, Polyurethanes, Epoxy, Polyester, and Others. Acrylics remain the biggest demand generator for architectural coatings in the foreseen future. The key factor driving the acrylic segment dominance is the greater need for safe, high-performance coatings, which has increased the demand for acrylic coatings overall. Furthermore, a paradigm shift from solvent-borne to water-borne assures a gargantuan demand for architectural coatings in the years to come.

Based on the technology type - The market is segmented as water-borne, solvent-borne, and powder. Water-Borne remains at the nucleus for all the leading market stakeholders serving the architectural coatings market as the demand for water-borne coatings has increased due to its low VOC emission and environmentally safe nature. It is also anticipated that water-borne will remain the most preferred technology type in the market in the foreseeable future.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3399/architectural-coatings-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

Asia-Pacific is the largest market for architectural coatings over the forecast period. In addition to that, the region is likely to witness healthy market growth in the coming years. The growing population and developing economy are the main drivers of the APAC Architectural Coatings industry. During the projection period, China and India's residential and commercial sectors are both anticipated to grow, which would in turn fuel this region's need for architectural coatings.

Architectural Coatings Market Drivers:

Some of the key drivers listed in the report are given below.
• Shifting consumer interests and increased public awareness of VOC (Volatile Organic Compound emissions) influence market trends.
• The forecasted shift from solvent-borne to water-borne coatings supports market expansion.
• Strict government regulations on toxic VOCs may hinder market growth.
• Adoption of green coatings, meeting safety, and VOC emission standards, presents growth opportunities.
• Infrastructure growth in Asia-Pacific drives global demand for architectural coatings.

Top Companies in the Architectural Coatings Market:
Stratview Research has identified the following companies as the top market players.
• AkzoNobel N.V.
• Asian Paints
• BASF SE
• Jotun
• Kansai Paint Co., Ltd.
• Masco Corporation
• Nippon Paint Holdings Co. Ltd.
• PPG Industries, Inc.
• The Sherwin-Williams Company
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Architectural Coatings Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Explore more reports here:

• Hydrophilic Coating Market: https://www.stratviewresearch.com/3476/hydrophilic-coating-market.html

• Anti-Corrosion Coatings: https://www.stratviewresearch.com/1799/anti-corrosion-coatings-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.