Market Overview:
The global architectural paints and coatings market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for decorative paints and coatings from residential applications, and the growing demand for corrosion resistant paints and coatings from non-residential applications. In terms of type, the water-borne segment is expected to dominate the global architectural paints and coatings market during the forecast period, owing to its low VOC emissions as compared to solvent borne architectural paint products.
Product Definition:
Architectural paints and coatings are the finishing touches to a building. They can be used to protect the exterior or interior of a building from weathering, fading, and other damage. Architectural paints and coatings can also add color and style to a building.
Water-Borne:
Water-borne coatings are widely used in the architectural and decorative paints market. The growth of this market is attributed to rising construction activities, especially in emerging economies such as China, India, Brazil and Mexico. In addition, increasing demand for waterborne coatings from the automotive industry is expected to fuel its growth over the forecast period.
The global water-borne coating market size was valued at USD 21 billion in 2015.
Solvent-Borne:
Solvent-borne paints are water-based paints that contain a high amount of solvent. The high solubility of the product in water makes it very easy to apply on various substrates and surfaces. It also has low odor, VOC and toxicity levels making it safe for use around people as well as the environment. These properties make solvent borne paint ideal for application in residential, commercial and industrial architectural applications such as walls, ceilings, trimming cabinets doors etc.
Application Insights:
The residential application segment accounted for the largest revenue share of over 60% in 2017. The growth is attributed to increasing demand for single-family houses and multi-family residential buildings, especially in emerging economies including China, India and Brazil. Residential construction activities are picking up pace across the globe owing to growing population coupled with rising disposable income levels in countries including India and China. This factor is expected to drive architectural paints & coatings demand from 2018 to 2030 thereby contributing towards overall market growth.
Non-residential applications include corporate offices, hospitals, hotels etc. Increasing investments by companies from developed nations such as U.S.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the most developed economies, such as China, India, Japan and South Korea. Rapid urbanization coupled with increasing construction activities owing to growing population has resulted in a significant rise in demand for architectural paints & coatings in Asia Pacific.
The growth of residential construction sector on account of rising household incomes and low mortgage rates has been one of the primary factors driving regional growth over the past few years. In addition, governments across various countries have undertaken initiatives aimed at boosting non-residential construction projects such as hospitals/medical centers; schools; offices; hotels etc., which will further drive product demand during forecast period.
Growth Factors:
- Increasing demand from the construction sector: The global architectural paints and coatings market is expected to grow at a CAGR of 5.5% during the forecast period. The increasing demand for paints and coatings from the construction sector is one of the key growth drivers for this market.
- Rising awareness about energy-efficient paints and coatings: There is a growing awareness among consumers about the benefits of using energy-efficient paints and coatings, which is driving the demand for these products in the market.
- Growing popularity of eco-friendly paints and coatings: There is an increasing trend among consumers towards using eco-friendly products, including architectural paints and coatings. This has led to an increase in demand for these products in recent years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Architectural Paints and Coatings Market Research Report
By Type
Water-Borne, Solvent-Borne, Others
By Application
Residential, Non-Residential
By Companies
AkzoNobel, Dow Chemical Company, PPG Industries, Sherwin-Williams, BASF Coatings, Valspar, Nippon Paint, Kansai Paint, Berger Paints, Becker Industrial Coatings, AkzoNobel, Hempel, Jotun, Terraco Group, National Paints, Asian Paints, Arya Paints, Mas Paints
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Architectural Paints and Coatings Market Report Segments:
The global Architectural Paints and Coatings market is segmented on the basis of:
Types
Water-Borne, Solvent-Borne, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Non-Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AkzoNobel
- Dow Chemical Company
- PPG Industries
- Sherwin-Williams
- BASF Coatings
- Valspar
- Nippon Paint
- Kansai Paint
- Berger Paints
- Becker Industrial Coatings
- AkzoNobel
- Hempel
- Jotun
- Terraco Group
- National Paints
- Asian Paints
- Arya Paints
- Mas Paints
Highlights of The Architectural Paints and Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Water-Borne
- Solvent-Borne
- Others
- By Application:
- Residential
- Non-Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Architectural Paints and Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Architectural paints and coatings are a type of paint used in the construction industry. They are designed to protect surfaces from weathering and other damage, such as scratches or dents.
Some of the major companies in the architectural paints and coatings market are AkzoNobel, Dow Chemical Company, PPG Industries, Sherwin-Williams, BASF Coatings, Valspar, Nippon Paint, Kansai Paint, Berger Paints, Becker Industrial Coatings, AkzoNobel, Hempel, Jotun, Terraco Group, National Paints, Asian Paints, Arya Paints, Mas Paints.
The architectural paints and coatings market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Architectural Paints and Coatings Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Architectural Paints and Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Architectural Paints and Coatings Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Architectural Paints and Coatings Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Architectural Paints and Coatings Market Size & Forecast, 2018-2028
4.5.1 Architectural Paints and Coatings Market Size and Y-o-Y Growth
4.5.2 Architectural Paints and Coatings Market Absolute $ Opportunity
Chapter 5 Global Architectural Paints and Coatings Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Architectural Paints and Coatings Market Size Forecast by Type
5.2.1 Water-Borne
5.2.2 Solvent-Borne
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Architectural Paints and Coatings Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Architectural Paints and Coatings Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Non-Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Architectural Paints and Coatings Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Architectural Paints and Coatings Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Architectural Paints and Coatings Analysis and Forecast
9.1 Introduction
9.2 North America Architectural Paints and Coatings Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Architectural Paints and Coatings Market Size Forecast by Type
9.6.1 Water-Borne
9.6.2 Solvent-Borne
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Architectural Paints and Coatings Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Non-Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Architectural Paints and Coatings Analysis and Forecast
10.1 Introduction
10.2 Europe Architectural Paints and Coatings Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Architectural Paints and Coatings Market Size Forecast by Type
10.6.1 Water-Borne
10.6.2 Solvent-Borne
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Architectural Paints and Coatings Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Non-Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Architectural Paints and Coatings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Architectural Paints and Coatings Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Architectural Paints and Coatings Market Size Forecast by Type
11.6.1 Water-Borne
11.6.2 Solvent-Borne
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Architectural Paints and Coatings Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Non-Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Architectural Paints and Coatings Analysis and Forecast
12.1 Introduction
12.2 Latin America Architectural Paints and Coatings Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Architectural Paints and Coatings Market Size Forecast by Type
12.6.1 Water-Borne
12.6.2 Solvent-Borne
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Architectural Paints and Coatings Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Non-Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Architectural Paints and Coatings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Architectural Paints and Coatings Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Architectural Paints and Coatings Market Size Forecast by Type
13.6.1 Water-Borne
13.6.2 Solvent-Borne
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Architectural Paints and Coatings Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Non-Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Architectural Paints and Coatings Market: Competitive Dashboard
14.2 Global Architectural Paints and Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel
14.3.2 Dow Chemical Company
14.3.3 PPG Industries
14.3.4 Sherwin-Williams
14.3.5 BASF Coatings
14.3.6 Valspar
14.3.7 Nippon Paint
14.3.8 Kansai Paint
14.3.9 Berger Paints
14.3.10 Becker Industrial Coatings
14.3.11 AkzoNobel
14.3.12 Hempel
14.3.13 Jotun
14.3.14 Terraco Group
14.3.15 National Paints
14.3.16 Asian Paints
14.3.17 Arya Paints
14.3.18 Mas Paints
