Press release
Architectural Coatings Market share research by applications and regions for 2016-2024
Global Market Insights has a new study based report titled " Architectural Coatings Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024".Increasing number of commercial buildings coming up throughout the globe will propel the market for architectural coatings. With the global shift towards Asia Pacific for commercial spaces, the architectural market size is forecasted to grow significantly from 2016 to 2024.
Reconstruction spending coupled with dual income families is also driving the architectural coating market in the U.S. These products are also used in interior decoration such as wood flooring, wall painting, furniture and sculptures. With the enhancing financial and social status of the population of the developed as well as the emerging nations, the demand for architectural coatings is only likely to increase between 2016 and 2024.
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Increase in environmental awareness has led to innovations to provide quality products in coating industry which are affordable, high quality, possess value added features and meet global trends. Also, growing safety standards will rise the demand for fireproof and waterproof coatings on buildings. This is shifting the global focus towards architectural coatings.
1. Architectural Coatings Market size & forecast by product & application
2. Growth drivers, pitfalls & industry challenges
3. Key Architectural Coatings Market growth opportunities & emerging business
models
4. Competitive benchmarking with market share analysis and company profiles
Rise in environmental and health hazards has resulted in stringent regulations and norms such as the National Volatile Organic Compound Emission Standards for Architectural Coatings by the EPA. Similar regulations about low Volatile Organic Compounds (VOC) are imposed by REACH and regulatory bodies of China, Canada, and Japan. This will positively impact eco-friendly coatings market growth.
Architectural coatings market can be segmented based on resin type, technology, and application. Major resin types include acrylic, epoxy and polyester. Acrylics have a fast drying property and find extensive use in the paints industry. Epoxy has a major application in the paints and coatings industry to provide the adhesive nature as well luster in the paints.
Asia Pacific accounted for over a third of the volume and revenue share of the worldwide demand for paints and varnishes in 2015. Construction industry accounts for almost half of the global consumption of paints and varnishes.
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The Architectural Coatings Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Architectural Coatings Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Architectural Coatings Market Product Insights
5. Architectural Coatings Market Application Insights
6. Architectural Coatings Market Regional Insights
7. Competitor Profiles
Key technology segments include water based and solvent based and powder coatings. Water and solvent based paints & varnishes accounts for the major chunk of the global share. However, powder coating is also finding application in household appliances, metal products, facade elements and computer casing and is estimated to gain share until 2024.
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Another special type of architectural coatings are the intumescent coatings. The escalating demand of fireproofing of residential as well as commercial buildings will increase the market size for intumescent coatings. Intumescent coatings market is segmented on application basis such as cellulosic and hydrocarbon coating. Cellulosic coating has massive demand in commercial and residential construction market with consumption over 50 kilo tons.
The principal application areas of architectural coatings market are residential and non-residential. With growing population and increasing global migration towards the developed nations the construction industry is estimated to rise substantially in the forecasted timeframe. This will also pull the growth of architectural coatings in the positive direction.
Asia Pacific architectural coatings market revenue was driven by investments from MNCs such as AkzoNobel, Valspar, Sherwin-Williams, and PPG. These companies have been observed to increase their product portfolios in countries of Asia Pacific as well as parts of Latin America, which is forecast to drive growth.
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
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