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Architectural Coatings Market Size, Share & COVID-19 Impact Analysis, By Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, and Others), By Technology (Solvent Borne, Water Borne, Others), By End-use (Residential and Non-residential) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI108659 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

The architectural coatings market size has experienced significant growth over the years, primarily driven by various factors, including interior and exterior wall paints. These paints are widely applied on interior walls and ceilings to provide decorative finishes, adding color and texture to living spaces.


The growth in the construction sector also drives the market due to the increasing population, urbanization, and infrastructural development that created a demand for architectural coating. These coatings are used for protecting and enhancing the aesthetics of the building, boosting the architectural coatings market. In addition, rising environmental awareness and concerns shift people toward sustainable products, propelling the demand for architectural coating in the coming years.


  • In India, the Ministry of Housing and Urban Development (MoHUA) allocated funds in the 2021 budget to construct houses and create funds to complete halted projects.


With the residential sector being one of the largest growing sectors, demand for architectural coating in this sector has increased rapidly in recent years. It is crucial in protecting the building from weathering, U.V. radiation, moisture, and other environmental factors.


  • Asia Pacific contributes around 45% of global anti-fog coatings production. China, Japan, and India are the largest manufacturers of anti-fog coatings in Asia Pacific.


The major manufacturers by country are China, Japan, and India in Asia Pacific; the U.S. and Canada in North America; Germany and France in Europe; Saudi Arabia and the UAE in the Middle East.


  • In 2022, the total revenue generated from synthetic resin manufacturing in China was USD 187 billion. 

  • The global sales volume of polyurethane amounted to nearly 25.78 million tons in 2022.


















By Resin Type


By Technology


By End-use


By Geography



  • Acrylic

  • Alkyd

  • Epoxy

  • Polyurethane

  • Polyester

  • Others




  • Solvent Borne

  • Water Borne

  • Others




  • Residential

  • Non-residential




  • North America (U.S. and Canada)

  • Europe (Germany, France, Italy, U.K., and the Rest of Europe)

  • Asia Pacific (China, India, Japan, ASEAN and Rest of APAC)

  • Latin America (Brazil, Mexico, and the Rest of LATAM)

  • Middle East & Africa (GCC, South Africa, and the Rest of MEA.)



Key Insights


The report will cover the following key insights:


  • Key Market Trends



  • Regulatory Scenario of the Market

  • Key Developments in the Market

  • Latest Technological Advancement

  • Impact of COVID-19 on the Market


Architectural Coatings Market Segmentation


Analysis by Resin Type


By resin type, the acrylic segment holds a significant market share. 


  • Acrylic resin has gained significant popularity and has become a preferred choice in architectural coating due to its unique characteristics and properties. These resins are widely used in exterior paints, offering excellent weathering resistance, durability, and color retention properties.

  • Acrylic resins protect buildings from UV radiation, moisture, and temperature fluctuation. These factors will boost the architectural coatings market in the coming years.


Analysis by Technology


By technology, the solvent-borne segment holds a significant market share.


  • Solvent-borne technology is extensively used in architectural coating due to its excellent performance and durability. This technology is widely used in architectural applications within industrial and commercial applications.

  • These types of coating withstand heavy foot traffic, abrasion, and chemical exposure. These factors are expected to propel the architectural coatings market growth in the forecast period.


Analysis by End-use


By end-use, the residential segment holds a significant market share.


  • Architectural coating has numerous applications in the residential sector. It protects the interior and exterior of buildings, enhancing the aesthetics and durability of various architectural surfaces and boosting the architectural coatings market.

  • Floor coatings such as epoxy and concrete sealers are applied on interior and exterior floors to protect against abrasion, stain, and chemical damage.  


Regional Insights


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Asia Pacific held a significant architectural coatings market share. Residential and commercial buildings are increasing rapidly in China and India due to the growing population, which is expected to boost the market in the region. In addition, these coatings are widely used for walls, floors, and woodwork due to their high durability and weather-resistant properties, boosting the market growth in this region.


  • The government of India was actively boosting housing construction, aiming to provide homes to about 1.3 billion people by 2022.



  • China is witnessing a massive hike in the construction sector. According to the National Bureau of Statistics of China, residential and commercial building output in China was valued at about USD 4.54 trillion in 2021


Key Players Covered


The report will include the profiles of key players, such as PPG Industries, Inc., BASF Coatings GMBH, Jotun, Asian Paints Limited, Kansai Paint Co., Ltd., AkzoNobel N.V., Nippon Paint Holdings Co., Ltd., Sherwin-Williams Company and RPM International, Inc.

Key Industry Developments:



  • May 2023 - PPG Industries signed an agreement with Brightland Homes. Under this agreement, Brightland Homes agreed to offer PPG paints and coatings to customers across all its operating areas in the U.S.

  • July 2021 - Nippon Paint Holdings Co., Ltd. announced the manufacturing and selling of an industrial coating named PROTECTON BARRIERX SPRAY. This product has antiviral and antibacterial properties and is used in offices, schools, and medical institutions.





  • Ongoing
  • 2023
  • 2019-2022

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