Global Commercial Architectural Coatings Market is Expected to be valued at a CAGR Of 4.87% Upto 2019 By Radiant Insights
About commercial architectural coatings
Commercial architectural coatings are products used to protect surfaces and/or enhance their appearance. Architectural coatings are applied to commercial and residential buildings. They protect a building from moisture, UV radiation, and microbes. Paints, primers, lacquers, varnishes, and stains are some of the primary types of architectural coating products. These are formulated using resins such as acrylic, alkyds, polyester, and polyurethane. The market can be broadly classified into two major types of coating technologies: solvent-borne and water-borne.
Over the years, the commercial architectural coatings market has seen continuous innovations, with vendors focusing on the introduction of eco-friendly products and products with functional benefits. Today, commercial architectural coatings are developed to satisfy the needs of customers and are largely customized. They offer benefits such as resistance to graffiti and self-cleaning characteristics.
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The global commercial architectural coatings market was valued at $18.39 billion in 2014 and will likely grow at a CAGR of 4.87% over the next five years. Waterborne coatings accounted for a major share of the market in 2014.
Covered in this report
The report covers the current scenario and growth prospects of the global commercial architectural coatings market for the period of 2015-2019. To calculate the market size, the report considers revenue generated through sales of commercial architectural coating products.
Based on technology, the market is divided into the following segments:
Technavio’s report, Global Commercial Architectural Coatings Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, EMEA, and the Americas; it also covers the landscape of the global commercial architectural coatings market and its growth prospects in the coming years. The report includes a discussion on the Key vendors operating in this market.
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