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Architectural Coatings Market Size (2024 - 2029)

The architectural coatings market is projected to experience growth driven by the construction sector, with a notable increase in demand for low VOC coatings due to global warming concerns. These coatings offer benefits such as corrosion resistance and UV protection, contributing to their rising popularity in architectural infrastructure. The Asia-Pacific region is anticipated to lead the market during the forecast period, reflecting significant market size expansion.

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Market Size of Architectural Coatings Industry

Architectural Coatings Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 72.51 Billion
Market Size (2029) USD 90.70 Billion
CAGR (2024 - 2029) 4.58 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Architectural Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Architectural Coatings Market Analysis

The Architectural Coatings Market size is estimated at USD 72.51 billion in 2024, and is expected to reach USD 90.70 billion by 2029, growing at a CAGR of 4.58% during the forecast period (2024-2029).

The construction sector is a major driver of the Architecture Coatings Market. These coatings have several advantages including corrosion resistance, UV rays protection, etc. Vinyl Acetate is the common type of Architecture coating in use. Architecture Infrastructure is expected to see a rise in demand for Market Studied.

  • Increasing demand for Low VOC Coatings is creating various opportunities in this Market.
  • Increasing Global Warming Concern across the globe is demanding safe and energy-saving coatings for office buildings, residential homes, etc.
  • Asia-Pacific is expected to dominate the global market, during the forecast period.

Architectural Coatings Industry Segmentation

The scope of the study includes coatings used for commercial purposes, such as office buildings, warehouses, retail convenience stores, and shopping malls and residential buildings. However, it does not include the infrastructure segment, which comprises roads, bridges, and rails. Moreover, it also includes the coatings used in the new construction and remodeling of old houses.

The architectural coatings market is segmented by technology, resin type, application, construction sector, and Geography. By technology, the market segmented into Water-borne and Solvent-borne. By resin type, the market is segmented into Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types. B By construction sector, the market is segmented into commercial and residential. The report also covers the market size and forecasts for the architectural coatings market in 25 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million) and volume (kilotons).

Technology
Water-borne
Solvent-borne
Resin Type
Acrylic
Alkyd
Polyurethane
Epoxy
Polyester
Other Resin Types
End-use sub segment
Commercial
Residential
Geography
Asia-Pacific
China
India
Japan
South Korea
Thailand
Indonesia
Malaysia
Philippines
Singapore
Vietnam
Australia & Newzealand
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
France
United Kingdom
Italy
Spain
Poland
Nordic Countries
Russia
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Architectural Coatings Market Size Summary

The architectural coatings market is poised for significant growth, driven primarily by the construction sector's demand for coatings that offer benefits such as corrosion resistance and UV protection. Vinyl acetate is commonly used in these coatings, and there is a growing interest in low VOC options due to increasing global warming concerns. The Asia-Pacific region is expected to lead the market during the forecast period, with China and the United States showing notable demand in the residential segment. This demand is further fueled by factors such as low housing prices in China and increased residential paint consumption in the United States. The ongoing geopolitical tensions in regions like Russia and Ukraine are also anticipated to boost the demand for architectural paints and coatings.

In China, the consumption of architectural coatings has been rising, supported by government initiatives that have eased regulations on imported paints and coatings. Waterborne coatings, which comply with VOC regulations, dominate the market share, aligning with China's commitment to carbon neutrality by 2050. Acrylic coatings are particularly popular for exterior walls, reflecting the country's regulatory push towards low VOC products. The market is characterized by fragmentation, with major players like Akzo Nobel N.V., The Sherwin-Williams Company, and PPG Industries, Inc. actively expanding their presence through strategic acquisitions and innovations. These developments are expected to enhance the competitive landscape and drive further growth in the architectural coatings market.

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Architectural Coatings Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION

    1. 1.1 Technology

      1. 1.1.1 Water-borne

      2. 1.1.2 Solvent-borne

    2. 1.2 Resin Type

      1. 1.2.1 Acrylic

      2. 1.2.2 Alkyd

      3. 1.2.3 Polyurethane

      4. 1.2.4 Epoxy

      5. 1.2.5 Polyester

      6. 1.2.6 Other Resin Types

    3. 1.3 End-use sub segment

      1. 1.3.1 Commercial

      2. 1.3.2 Residential

    4. 1.4 Geography

      1. 1.4.1 Asia-Pacific

        1. 1.4.1.1 China

        2. 1.4.1.2 India

        3. 1.4.1.3 Japan

        4. 1.4.1.4 South Korea

        5. 1.4.1.5 Thailand

        6. 1.4.1.6 Indonesia

        7. 1.4.1.7 Malaysia

        8. 1.4.1.8 Philippines

        9. 1.4.1.9 Singapore

        10. 1.4.1.10 Vietnam

        11. 1.4.1.11 Australia & Newzealand

        12. 1.4.1.12 Rest of Asia-Pacific

      2. 1.4.2 North America

        1. 1.4.2.1 United States

        2. 1.4.2.2 Canada

        3. 1.4.2.3 Mexico

        4. 1.4.2.4 Rest of North America

      3. 1.4.3 Europe

        1. 1.4.3.1 Germany

        2. 1.4.3.2 France

        3. 1.4.3.3 United Kingdom

        4. 1.4.3.4 Italy

        5. 1.4.3.5 Spain

        6. 1.4.3.6 Poland

        7. 1.4.3.7 Nordic Countries

        8. 1.4.3.8 Russia

        9. 1.4.3.9 Rest of Europe

      4. 1.4.4 South America

        1. 1.4.4.1 Brazil

        2. 1.4.4.2 Argentina

        3. 1.4.4.3 Rest of South America

      5. 1.4.5 Middle East and Africa

        1. 1.4.5.1 Saudi Arabia

        2. 1.4.5.2 South Africa

        3. 1.4.5.3 Rest of Middle East and Africa

Architectural Coatings Market Size FAQs

The Architectural Coatings Market size is expected to reach USD 72.51 billion in 2024 and grow at a CAGR of 4.58% to reach USD 90.70 billion by 2029.

In 2024, the Architectural Coatings Market size is expected to reach USD 72.51 billion.

Architectural Coatings Market Report Snapshots

Architectural Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)