Exterior Architectural Coating Market Poised for Steady Growth in the Future

Global Exterior Architectural Coating Market: Summary

In order to protect architectural designs from corrosion, impact and abrasion, exterior architectural coating is a must. These coatings offer longevity to buildings and provide desired protection from harsh environmental conditions.

Based on resin type, the market can be segmented into acrylic, alkyd, epoxy, polyurethane, polyester, and other. In terms of technology, water based and solvent based are the two segments of the market. On the basis of application, the market can be further classified into non-residential and residential.

The report offers an in-depth analysis of market segments and competitive landscape. It also provides drivers and restraints of the global exterior architectural coating. It also profiles key players in the market based on various attributes such as business strategies, company overview, financial overview, and recent developments.

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Global Exterior Architectural Coating Market: Trends and Prospects

Shifting preference of consumers towards eco-friendly waterborne architectural coating, easy availability, and a wide variety of paints formulations are factors that will drive demand growth of the global exterior architectural coating market. These coatings are known to offer protection to buildings from extreme temperatures, severe weather conditions, UV radiations, foreign particles and storms, which is expected to supplement the demand. Fluctuating prices of raw materials such as pigments, titanium dioxide, and resins will limit the growth of the said market during the forecast period.

Based on application, the residential segment of the market is set to witness a high growth over the forecast period. The factors such as increase in disposable income, strong economic growth, improved standard of living coupled with rapid urbanizations is expected to supplement the demand growth of the market over the forecast period. Whereas, based on technology, water based segment is the chief contributor to the market. The demand for this segment is high in comparison due to its easier blending, higher opacity, accurate mixing, superior metallic control, easier application, and cleaning properties. Acrylic segment based on resin type is expected to account for a large market share in the forecast period. Improved flow, superior aesthetics, high UV resistance, durability, weather ability, stain resistance performance, and low cost are some of the factors that increase the demand growth of this segment.

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Global Exterior Architectural Coating Market: Regional Analysis

The global exterior architectural coating market can be classified on the basis of geography into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is the key contributor to the market share, and is expected to drive the market growth in the forecast period. Due to the presence of manufacturing giants in the region, Asia Pacific is deemed to grow. In addition, key companies of North America and Europe are moving their production facility to this region, thereby supplementing the market growth.

Though, the Middle East and Africa and Latin America have not shown a considerable rise in the market overall in given past, but on account of significant development of infrastructural facilities and rising construction of residential and commercial spaces to cater to the increasing demand for houses and offices, these regions are expected to drive the growth of the industry in the said period.

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Global Exterior Architectural Coating Market: Competitive Landscape

RPM International, Arkema SA, Kansai Paint, BASF, Nippon Paint, Benjamin Moore, Cromology, Diamond Vogel, Cabot Corporation, Dow Chemical Company, AkzoNobel, PPG Industries, Sherwin-Williams, Berger Paints, DAW SE, Valspar Corporation, Axalta Coating Systems, and Jotun are some of the prominent players in the global exterior architectural coating market.

 The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

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