Market Size of Asia-Pacific Architectural Coatings Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 6.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Architectural Coatings Market Analysis
The Asia-Pacific architectural coatings market is estimated to witness a significant growth, at an estimated CAGR of over 6%, over the forecast period. Increasing housing construction activities in the emerging economies of Asia-Pacific are expected to drive the market during the forecast period.
- Rising environmental concerns and regulations in China and rise in prices of raw materials are likely to hinder the market's growth.
- China is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.
APAC Architectural Coatings Industry Segmentation
The Asia-Pacific architectural coatings market report includes:
Technology | |
Water-borne | |
Solvent-borne |
Resin Type | |
Vinyl Acetate | |
Pure Acrylic | |
Acetate | |
Styrene Acrylic | |
Alkyd | |
Other Resin Types |
Application | |
Professional | |
DIY |
Construction Sector | |
Commercial | |
Residential |
Geography | |
China | |
India | |
Japan | |
Australia & new Zealand | |
Indonesia | |
Malaysia | |
Vietnam | |
Rest of Asia-Pacific |
Asia-Pacific Architectural Coatings Market Size Summary
The Asia-Pacific architectural coatings market is poised for substantial growth, driven by increasing housing construction activities in emerging economies within the region. The market is characterized by the extensive use of paints and coatings in both exterior and interior applications, with modern advancements in paint technology, particularly in acrylic formulations, offering a variety of weatherproof solutions. These coatings not only enhance the aesthetic appeal of buildings but also provide protection against harsh weather conditions and UV radiation. However, challenges such as rising environmental concerns, particularly in China, and the increasing cost of raw materials may impede market growth. Despite these challenges, the demand for architectural coatings continues to rise, supported by the need for durable and functional solutions in residential and commercial spaces.
China is expected to dominate the Asia-Pacific architectural coatings market, benefiting from its robust economic growth and significant contributions from the manufacturing sector. The country's economic improvements have led to increased consumer financial status, thereby boosting demand for infrastructure and building projects. The lifting of restrictions on foreign investments in various construction sectors is anticipated to further stimulate market growth. The market is partially consolidated, with key players such as Akzo Nobel N.V., Asian Paints, Jotun, Kansai Paint Co., Ltd., and Berger Paints India Limited playing significant roles. These companies are well-positioned to capitalize on the growing demand for architectural coatings in the region, driven by both residential and commercial sector expansions.
Asia-Pacific Architectural Coatings Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Housing Construction Activities in the Emerging Economies of Asia-Pacific
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Rising Environmental Concerns and Regulations in China
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1.2.2 Rise in Prices of Raw Materials
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Technology
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2.1.1 Water-borne
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2.1.2 Solvent-borne
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2.2 Resin Type
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2.2.1 Vinyl Acetate
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2.2.2 Pure Acrylic
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2.2.3 Acetate
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2.2.4 Styrene Acrylic
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2.2.5 Alkyd
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2.2.6 Other Resin Types
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2.3 Application
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2.3.1 Professional
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2.3.2 DIY
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2.4 Construction Sector
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2.4.1 Commercial
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2.4.2 Residential
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2.5 Geography
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2.5.1 China
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2.5.2 India
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2.5.3 Japan
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2.5.4 Australia & new Zealand
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2.5.5 Indonesia
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2.5.6 Malaysia
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2.5.7 Vietnam
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2.5.8 Rest of Asia-Pacific
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Asia-Pacific Architectural Coatings Market Size FAQs
What is the current Asia-Pacific Architectural Coatings Market size?
The Asia-Pacific Architectural Coatings Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Architectural Coatings Market?
Akzo Nobel N.V., Asian Paints, Jotun, Kansai Paint Co., Ltd. and Berger Paints India Limited are the major companies operating in the Asia-Pacific Architectural Coatings Market.