Global Architectural Coating Market to Witness A Perspective CAGR OF 5.90% By 2026

The global architectural coating market was valued at nearly US$ 58 Bn in 2017 and is expected to register a CAGR of 5.9%. The first five-year cumulative revenue (2017-2021) is projected to be over US$ 320 Bn, which is expected to increase rather moderately over the latter part of the five-year forecast period.  Increasing construction activities and rising need for architectural coatings with lower VOC emissions is key factor expected to drive growth of the global market.

The global architectural coating market has been segmented on the basis of resin type, technology type, application, and region.

On the basis of resin type, the global market is segmented into Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, and Others. The Acrylic resin type segment is expected to dominate in terms of revenue in the global market and is expected to continue its dominance during the forecast period. The Polyurethane resin type segment is expected to account for second-largest share in the global market in 2017.

On the basis of technology type, the global market is segmented into water based, solvent based, and others. The solvent based segment is expected to contribute major share in terms of revenue to the global market in 2017. The dominance of this segment is projected to continue over the forecast period.

Among resin type segments, the acrylic segment is accounted largest revenue share of US$ 23.4 Bn in 2017, and is expected to continue its dominance over the forecast period, while the polyurethane segment is expected to register a lucrative CAGR in next ten years.

Among type segments, the solvent based is is accounted largest revenue share of US$ 28.3 Bn in 2017, and is expected to continue its dominance during the forecast period, while the water based segment is expected to register a lucrative CAGR in next ten years.

On the basis of application, the global market is segmented into residential and non-residential. The residential segment in the global market is expected to account for major share in terms of revenue over the forecast period.

The residential segment accounted for highest revenue share contribution in 2016, as compared to other type segments, and is expected to register a CAGR of over 6% between 2017 and 2026.

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On the basis of region, the global architectural coating market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is estimated to account for major revenue share in the global market and is projected to register highest CAGR in terms of revenue.

The architectural coating market in Asia Pacific is accounted for major revenue share of US$ 18.4 Bn in 2017, and is expected to register a lucrative CAGR in next ten years

Key Players operating in the global market include PPG Architectural Coatings, The Sherwin-Williams Company, RPM International Inc., Nippon Paint Holdings Co., Ltd., Kansai Paint Co., Ltd., BASF SE, Akzo Nobel N.V., Michelman, Inc., and IFS Industries, Inc.

 

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