ALBANY, New York, January 25, 2018 /PRNewswire/ —
Despite the presence of several manufacturers of a variety of architectural coatings across the globe, international giants such as The Sherwin-Williams Company, PPG Industries Inc., and Akzo Nobel command dominance in Architectural Coatings Market owing to their vast portfolios and well-established marketing networks across the globe, observes Transparency Market Research in a recent report. Apart from a clear focus on research and development activities with the view of advancing in highly promising market segments such as water-based products and the residential construction segment in emerging economies, these companies are also cashing in consolidation opportunities to strengthen their positions.
In the next few years, while the number of new companies is expected to rise in the market, which are most likely to focus on developments in the field of water-based products, the intensity of competition is expected to soar. Nevertheless, emerging economies will provide promising growth opportunities as the rising population of affluent middle-class people increasingly invests in renovation activities.
According to the report, the global architectural coatings market was valued at US$53,264.4 mn in 2016. The market is estimated to reach US$87,500.4 mn by 2025, expanding at a CAGR of 5.7% between 2017 and 2025.
Get PDF Brochure for more Professional & Technical industry insights: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=19343
Thriving Residential Construction Sector in Emerging Economies to Keep Asia Pacific Market Lucrative
In terms of market share as well as growth potential, Asia Pacific dominated the global architectural coatings market in 2016, contributing a significant market share of revenue. In the next few years as well, Asia Pacific is likely to remain an attractive market for architectural coatings owing to the rising demand for attractive furniture and maintenance and repair of the same. Of the key varieties of resins used to manufacture architectural coatings, the consumption of alkyd is declining because of several VOC regulations imposed across a number of countries coupled with the availability of alternate coatings. Solvent-based alkyds are being rapidly replaced with water-based emulsions owing to their low odor and low threat of volatile organic compounds.
Water-based Products to Remain in High Demand as Environment Protection Regulations Become Stricter
Demand for architectural coatings is primarily driven by the rising requirement for new buildings in the non-residential sector and renovation activities across the globe. Furthermore, the rising need for sustainable products in interior applications and the increased demand for low-odor and higher durability coatings is boosting the demand for architectural coatings with low VOC emissions. Growth in the architectural coatings market is also expected to be fuelled by the increasing number of new housing construction.
Request For Custom Research: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=19343
Growth will be supported by increase in the residential maintenance activities, which usually involve recoating existing structures. Increasing public awareness regarding coatings with low volatile organic compounds and the implementation of safety regulations are factors that significantly contribute to the growth of the architectural coatings market. Increasing disposable incomes in emerging economies are also expected to add to the global demand for architectural coatings in the next few years.
This review of the global architectural coatings market is based on a recent market research report by Transparency Market Research, titled “Architectural Coatings Market (Resin – Vinyl/Styrene, Acrylics, Alkyds, and Polyurethane; Technology – Water-based and Solvent-based; End-User: Residential (New Building, Reconstruction) and Non-Residential (New Building, Reconstruction)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025.“
Purchase this Premium Research Report at https://www.transparencymarketresearch.com/checkout.php?rep_id=19343<ype=S
For the study, the global market for architectural coatings is segmented as follows:
GOT NEWS? click here
Google News, Bing News, Yahoo News, 200+ publications
Architectural Coatings Market – Resin Analysis
- Vinyl/Styrene
- Acrylics
- Alkyds
- Polyurethane
- Others
Architectural Coatings Market – Technology Analysis
- Oil based
- Water based
- Solvent based
Architectural Coatings Market – End User Analysis
- Residential
- New Building
- Reconstruction
- Non-residential
- New Building
- Reconstruction
Popular Research Reports by TMR:
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.editiontruth.com/
SOURCE Transparency Market Research
