Architectural Coatings Market Size to Reach $106.79 Billion by 2029 | Growth at 5.9% CAGR Forecast

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What is the Projected Market Size of the Architectural Coatings Industry?
There has been a consistent increase in the market size of architectural coatings in the past few years. A rise from $81.45 billion in 2024 to $84.78 billion in 2025, with a CAGR of 4.1%, is expected. The historic growth period can be associated with factors such as the boom in construction, trends in urbanization, regulatory compliance, fluctuations in raw material prices, and changing consumer preferences.

What Will Be the Size of the Architectural Coatings Market by 2029?
In the next few years, the architectural coatings market is projected to experience robust growth, reaching $106.79 billion by 2029 with a 5.9% CAGR. The predicted growth during this period can be credited to increased infrastructure investments, heightened consumer awareness, global economic conditions, health and safety considerations, and innovative formulation practices. Key trends for the future period are sustainable and eco-friendly measures, the incorporation of advanced technology, a digital transformation in marketing approaches, customization and personalization, and a surge in demand within developing markets.

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What Are the Key Drivers Accelerating Growth in the Architectural Coatings Market?
The construction industry's swift expansion is predicted to fuel the advancement of the architectural coatings market in the future. The construction industry pertains to the business and manufacturing sectors that oversee the building, fixing, and preservation of infrastructure. Architectural coatings are predominantly used in the construction field for various applications, such as painting the exteriors and interiors of structures. Additionally, these coatings are essential for establishing the required air barriers to create energy-efficient building enclosures. For example, the UK's Office for National Statistics (ONS) reported in August 2024 that construction output had a projected monthly increase of 0.4% volume-wise, with a 1.6% growth in new work as the primary contributor. Moreover, the United States Census Bureau (USCB) revealed that the US committed $1.83 billion to construction projects in 2022. Therefore, the abrupt rise in the construction sector fuels the progress of the architectural coatings market.

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How Is the Architectural Coatings Market Segmented by Type, Application, and Region?
The architectural coatings market covered in this report is segmented -

1) By Resin Type: Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, Urethane
2) By Technology: Solvent Borne, Water Borne
3) By Function: Ceramics, Inks, Lacquers, Paints, Powder Coatings, Primers, Sealers, Stains, Varnishes
4) By End User: Residential, Non-Residential

Subsegments:
1) By Acrylic: Water-Based Acrylic Coatings, Solvent-Based Acrylic Coatings, Emulsion Acrylic Coatings
2) By Alkyd: Oil-Based Alkyd Coatings, Water-Based Alkyd Coatings, High-Performance Alkyd Coatings
3) By Epoxy: Epoxy Primers, Epoxy Topcoats, Water-Based Epoxy Coatings
4) By Polyurethane: Water-Based Polyurethane Coatings, Solvent-Based Polyurethane Coatings, High-Performance Polyurethane Coatings
5) By Polyester: Thermosetting Polyester Coatings, Thermoplastic Polyester Coatings, Powder Polyester Coatings
6) By Urethane: Aliphatic Urethane Coatings, Aromatic Urethane Coatings, Urethane Adhesives And Sealants

What Are the Key Trends Driving Growth in the Architectural Coatings Market?
The rise in product innovations is a significant trend observed in the architectural coatings market. In order to maintain their lead in the market, several dominant companies are introducing new products. For instance, PPG Industries Inc., a paint and coating manufacturing firm based in the United States, debuted an innovative epoxy intumescent fire protection coating called PPG STEELGUARD 951 in February 2023. This product provides up to three hours of cellulosic fire protection and is designed to meet the requirements of modern architectural steel. It offers fire protection specific to the architectural sector. Additionally, without the necessity for an additional top coat, this coating provides effective corrosion protection in exceptionally corrosive air conditions up to ISO 12944 C5. This results in reduced project time and expenses while meeting the desired goals.

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Who Are the Leading Companies Driving Growth in the Architectural Coatings Market?
Major companies operating in the architectural coatings market include Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd., The Sherwin-Williams Company, BASF SE, PPG Industries Inc., RPM International Inc., Masco Corporation, Kansai Paint Co. Ltd., Asian Paints Ltd., Jotun Group, Axalta Coating Systems Ltd., 3trees Group, Sumter Coatings Inc., Brillux GmbH & Co. KG, J.W. Ostendorf GmbH & Co. KG, Hempel A/S, Berger Paints India Limited, Tikkurila Oyj, DAW SE, Cromology SAS, KCC Corporation, Benjamin Moore & Co., SK Kaken Co. Ltd., The Valspar Corporation, Diamond Vogel Inc., Dunn-Edwards Corporation , Cloverdale Paint Inc., Kelly-Moore Paints, BEHR Process Corporation, Caparol Paints LLC, H.B. Fuller Company

Which Is the Leading Region in the Global Architectural Coatings Market?
Asia-Pacific was the largest region in the architectural coatings market in 2024. It is expected to be the fastest-growing region in the global architectural coatings market during the forecast period. The regions covered in the architectural coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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