Innovations in Nanomaterials Elevate Global Architectural Coatings Market, Predicts $98.8 Billion by 2030

Dublin, IRELAND


Dublin, Aug. 25, 2023 (GLOBE NEWSWIRE) -- The "Architectural Coatings: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Architectural Coatings estimated at US$64.2 Billion in the year 2022, is projected to reach a revised size of US$98.8 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030.

Acrylic, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$60.3 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Alkyd segment is readjusted to a revised 5.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $12.8 Billion, While China is Forecast to Grow at 6.7% CAGR

The Architectural Coatings market in the U.S. is estimated at US$12.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$22.6 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$16.8 Billion by the year 2030.

Select Competitors (Total 73 Featured) -

  • Asian Paints Limited
  • AzkoNobel N.V.
  • BASF SE
  • Kansai Paints Co., Ltd.
  • Masco Corporation
  • Nippon Paint Holdings Co., Ltd.
  • PPG Industries, Inc.
  • RPM International Inc.
  • The Jotun Group
  • The Sherwin-Williams Company
  • Valspar Corporation

Key Attributes:

Report AttributeDetails
No. of Pages431
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$64.2 Billion
Forecasted Market Value (USD) by 2030$98.8 Billion
Compound Annual Growth Rate5.5%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Architectural Coatings - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Slowdown in Construction Sector Projects Impacts Demand
  • Global Construction Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Pandemic Impact on the Paints and Coatings Industry
  • COVID-19 Turns Attention to Homes, Bodes Well for Architectural Coatings Market
  • Introduction to Paints and Coatings
  • Global Paints and Coatings Industry in US$ Billion: 2018-2025
  • Architectural Coatings
  • Raw Materials Used in Coatings
  • Global Market Prospects & Outlook
  • Key Growth Drivers
  • Architectural Coatings Anticipated to Grow Despite Slowdown in Global Construction Industry
  • Analysis by Resin Type
  • World Architectural Coatings Market by Resin Type (2021 & 2027): Percentage Breakdown of Sales for Acrylic, Alkyd, Epoxy, and Other Resin Types
  • Analysis by Technology
  • World Architectural Coatings Market by Technology (2021 & 2027): Percentage Breakdown of Sales for Water Borne, Solvent Borne, Powder Coating
  • Regional Analysis
  • World Architectural Coatings Market by Region (2021 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • Global Architectural Coatings Market: Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin America, Canada, Middle East, Africa, USA, Japan, and Europe
  • Competitive Scenario
  • Recent Market Activity
  • Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Stringent Government Regulations Driving Demand for Eco-Friendly Architectural Coatings
  • Building Renovations & Remodeling: Prominent Revenue Generating Vertical
  • Global Remodeling Market in US$ Trillion for the Years 2017, 2019, 2021, 2023 and 2025
  • Green Panelized Housing Benefits from the 'Go Green' Trend
  • Prevailing Trends in the Construction Industry Influence Market Uptake
  • Global Infrastructure Spending Estimates (Percentage of GDP) by Region
  • World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Global Value of Megacity Construction Projects (US$ Billion) in 2019
  • Contractors, Formulators and DIY Consumers Influence Uptake of Architectural Coatings
  • Favorable Demographic & Macro Trends Strengthen Market Prospects
  • Rapid Urbanization to Drive Demand Prospects
  • World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050P
  • Population Growth
  • World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
  • Burgeoning Middle Class Population
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Growing Opportunities in the Interior Decoration Vertical
  • Architectural Coatings with Stain Resistance Feature Gain Traction
  • Rising Demand for Faux Finish Coatings Augurs Well
  • Evolving Use of Nanomaterials in Coatings Processing Augurs Well
  • Nanoclay Seeks Role in Coating Formulations

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/w4ej2v

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Global Market for Architectural Coatings

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