Architectural Coatings Market 2020 | Worldwide Overview by Market Size & Growth, Market Share, Future Trends, Growth Factors and Leading Players Research Report Analysis
Global “Architectural Coatings Market 2020-2023” has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global Architectural Coatings market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The Report specifies the complete estimate of Global Architectural Coatings market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
Top-Listed Players in Architectural Coatings Market Research Report 2020-2023
- Akzo Nobel
- Asian-Paints
- Berger Paints
- Carpoly
- Chromology
- DAW SE
- Hempel
- Jotun
- Kansai Paints
- Masco
- Nippon paint
- PPG
- RPM International
- Sherwin Williams ( including Valspar)
- Tikkurila Oyj
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Overview of Architectural Coatings Market:
In 2017, the global architectural coatings market was valued at USD 63,390.51 million and is expected to register a CAGR of about 5.56%, in terms of revenue, during 2020-2023 (the forecast period). Architectural coating, owing to its corrosion and temperature resistance, increased durability on end products, and low fire-hazards risks properties, is becoming an integral part of various commercial and residential sectors. In 2017, Asia-Pacific dominated the global market and accounted for around 32% share. Increasing housing construction activities in emerging economies of Asia-Pacific, coupled with the rising commercial activities in the United States, are expected to boost the market growth, during the forecast period.Increasing Housing Construction Activities in Emerging Economies of Asia-PacificIn Asia-Pacific, the emerging economies, such as China, India, Indonesia, Vietnam, and the Philippines, have been witnessing a growth in the number of construction activities. Robust economic performance as of 2017 is expected to further accelerate the growth in the number of housing construction activities in the region. In Indonesia, millennial accounts for over 50% of the productive population. With the growing youth population in the country, the housing demand has also been increasing, simultaneously. In order to cater the growing demand for affordable houses, the construction of housing units has been increasing in the country. In 2016, the country constructed about 700,000 affordable houses. Besides this, in 2017, the country was on a track to build about 900,000 new affordable houses.In India, the government has been actively favoring the housing construction, where it aims to provide homes to about 1.3 billion people. The country is likely invest around USD 1.3 trillion in housing over the next seven years, where it is likely to construct 60 million new homes. By 2014, the availability of affordable housing is expected to rise up to 70% in the country. Therefore, with such a boom in housing construction activities in the emerging economies of Asia-Pacific, the demand for architectural coatings is projected to increase, substantially, during the forecast period.Water-borne Technology – the Dominant Technology TypeThe core reason for manufacturers to switch from solvent-borne coatings to water-borne coatings is the VOC released from solvent-borne coatings. Also, other properties, like low odor, more durability, and block resistance, make water-borne coating a preferable option. There are many regulations from several governments that support the use of water-based coatings. REACH, a government initiative in Europe, was adopted to improve human health and the environment and avoid the risks caused by chemicals, along with fueling up the competition in the European chemicals industry. Promoting alternative methods, for the hazard assessment of substances, in order to reduce tests on animals, is growing the demand for coatings with low VOC-content, such as water-borne coatings. In recent times, there has been a propensity among users to use coatings with high usability and water clean-up characteristics, water-borne coatings meet the requirements and facilitate low viscosity, without the addition of low-molecular weight monomers.Asia-Pacific Dominating the Market GrowthIn 2017, Asia-Pacific accounted for the largest share of the global architectural coatings market, and is expected to maintain its position in the coming years as well. This growth is majorly driven by China, as the country is expected to register a CAGR of 7.82%, in terms of volume, by 2023. With the improving financial status of consumers, the purchasing power of middle-class consumers has increased, which, in turn, is accelerating the demand for infrastructure consequently, making the countries, such as India, China, Indonesia, and Vietnam, areas of immense potential and opportunities.
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Key Highlights from Architectural Coatings Market Report 2020.
Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are as curtained in Architectural Coatings industry evolution and predictive analysis.
Manufacturing Analysis —the report is currently analyzed concerning various product type and application. The Architectural Coatings Market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry and Key officials of profiled companies.
Competition — Leading players have been analyzed depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand & Supply and Effectiveness — Architectural Coatings Market report additionally provides distribution, Production, Consumption for the complete industry.
Architectural Coatings Market Top Regions (regional analysis covers):-
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America, Middle East, and Africa
Reasons to Purchase this ReportThe growing automotive production and sales expected to drive the marketVarious perspectives of the market with the help of Porter’s five forces analysisThe product type that is expected to dominate the marketThe region that is expected to witness the fastest growth rate during the forecast periodThe latest developments, market shares, and strategies that are employed by the major market players3 months analyst support, along with the Market Estimate sheet (in Excel)
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Architectural Coatings Market 2020 Report Brief:-
- The report covers forecast and analysis for the Architectural Coatings market on a global and regional level
- The report includes the drivers and the restraints that affect the growth of the market
- Detailed information about the market opportunities are discussed
- The key target audience for the market has been determined in the report
- The revenue generated by the prominent industry players has been analyzed in the report
- The market numbers have been calculated using top-down and the bottom-up approaches
- The market is segmented on the basis of product, technology, ownership, and end-user industry which in turn is bifurcated on the regional level as well
- All the segments have been evaluated based on the present and the future trends
- The report deals with the in-depth quantitative and qualitative analyses of the Architectural Coatings market
- The report includes detailed company profiles of the prominent market players
Look into Table of Content of Architectural Coatings Market 2020 Research Report at
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