While analyzing the various trends and opportunities existing in the architectural coatings market, Fact.MR has published a new study that discourse exact specifics associated to demand and revenue acquisition at the global level. It was noted that demand in the architectural coatings market easily surpassed 33,000,000 tons by 2018 end. The study titled “
Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027
”, includes other essential market factors such as market size (US$ Bn), Y-o-Y growth, market dynamics, value chain along with market share comparison focusing on various segments.
According to this intelligent report, the demand for architectural coatings uphold a steady position inclined by the vigorous growth in the global construction industry. Furthermore, reconstruction and renovation of prevailing structures across diverse countries are additionally contributing towards the development of architectural coatings market. The overall growth across the target market is anticipated to remain moderate at 4.1% CAGR in terms of volume during the period between 2018 and 2027.
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APEJ to Record Compelling Domination in Architectural Coatings Market
Talking about the geographical propagation, APEJ is expected to remain as the dominant region in the architectural coatings market for the coming years. The advancement in economy merged with evolution of middle class is likely to push demand for residential construction across India and China. Since most of the construction projects make use of solvent-based coatings and paints, the growth of architectural coatings market is projected to hit a positive track.
In addition, the emergence of eco-friendly coatings in the recent years has been actively accepted by governments across APEJ. Interestingly, research institutes as well as green coating manufacturers are heavily investing in the research and development of pioneering raw materials and technologies aimed at manufacturing eco-friendly and non-hazardous architectural coatings.
UV Curable Resins & Associated Applications Tend to Deliver Growth Prospects
In the past few years, there has been a rise in usage of radiation curing technology directed at buildings, interior and exterior coatings. As a result, the demand for UV curable resins across the architectural coatings sector has delivered growing numbers. Furthermore, with environmental concerns taking the front seat and legislation to limit VOC emission gets intensified, the demand for UV curable fluorine-containing resins is expected to swell ominously.
It is observed that solvent UV curable coatings has acquired an important position among non-flammable liquids, resulting in fire protection as well as plummeting handling hazards in comparison to other solvent-based coatings. The effectiveness of UV curable resins has found its place across wide applications linked to building exterior and interior. On a broader canvas, the UV resins based architectural coatings are receiving higher traction from the automotive and construction industry.
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As the report reaches its conclusion, the architectural coatings market is examined on the basis of the competitive landscape. Readers can access information concerning the leading companies in the market. Furthermore, knowledge about SWOT analysis together with dashboard view of the major players from the architectural coatings market are diligently included in the assessment. Some of the major players mentioned in the report are AkzoNobel, The Sherwin-Williams Co., Nippon Paint Holdings Co., E. I. du Pont de Nemours and Company, Axalta Coating Systems, The Valspar Corp., BASF Coatings and Kansai Paint Co. Ltd.
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