+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Architectural Coatings Market by Resin Type (Acrylic, Alkyd, vinyl, Polyurethane), Technology (Waterborne, Solventborne), Coating Type (Interior and Exterior), User Type (DIY and Professional), Application, and Region - Global Forecast to 2028

  • PDF Icon


  • 285 Pages
  • May 2023
  • Region: Global
  • Markets and Markets
  • ID: 4764918

Middle East & Africa Architectural Coatings Market is Estimated to Register One of the Highest CAGR During the Forecast Period 

The global architectural coatings market size is projected to grow from USD 85.0 billion in 2023 to USD 102.7 billion by 2028, at a CAGR of 3.9%, between 2023 and 2028. The residential construction application of architectural coatings is dominated by the repainting segment. Exterior paints and coatings fade as a result of weather and pollution, necessitating renovation and repair. This is raising the need for architectural coatings in the residential repainting market. In the United States, it has been found that the growth in demand for home remodeling is mostly due to the fact that 65% of current houses were built before the 1990s. People nowadays dwell in their houses for longer periods of time than previous generations, resulting in increased expenditure on home remodeling.

The polyurethane resin type segment is expected to register the highest CAGR during the forecast period

Polyurethane resins are created by combining polyalcohol with organic di-isocyanate. Polyurethane resin paints have exceptional durability, hardness, and gloss, and they are easy to clean. Because of these qualities, polyurethane resin paints are employed in a variety of applications across the world. Polyurethane resin is a kind of polymer that is commonly used in architectural coatings. This resin has a number of advantages, including durability, abrasion resistance, and scratch resistance. It may also preserve the surface from fading by providing UV protection. Polyurethane resin is frequently utilized in both exterior and interior coatings due to these advantages. Polyurethane resin is commonly used in architectural coatings for deck flooring, window frames, and wall panels. Polyurethane resin may also be used in a wide range of colorants to produce a wide range of colors and textures.

Powder coatings segment in technology is expected to register the highest CAGR during the forecast period

The powder-based method coats substrates with thermoplastic or thermoset films using dry resin powders. The coating is created after a layer of powder is put to the substrate with a powder spray cannon or fluidized bed tank and then heated, melting the powder. Increasingly strict environmental rules for zero or non-VOC coatings are a major driving force in the expansion of the powder-based category. Powder-based technology is environmentally benign and is predicted to increase rapidly because to its unique characteristics such as good corrosion resistance, chipping, high-quality finish, and abrasion. It also protects against moisture, heat, and chemicals. These power coatings produce very little VOCs. 

Middle East & Africa architectural coatings market is estimated to register one of the highest CAGR during the forecast period 

Saudi Arabia, South Africa, and the rest of the Middle East and Africa are the countries under consideration. This region has 20% of the world's population, necessitating massive residential building. This demand, together with the growing middle-class population, is likely to contribute to modest growth in the coatings business. Middle Eastern economic growth is a critical component in developing commercial prospects in the Gulf Cooperation Council (GCC). The majority of Middle Eastern and African countries have made significant investments in the building sector. This is done in order to diversify their economy away from oil and oil-related businesses and towards other industrial sectors. However, fluctuating oil prices and geopolitical tensions are expected to have a minor impact on the growth rate. 

The break-up of the profile of primary participants in the architectural coatings market:

  • By Company Type: Tier 1 - 46%, Tier 2 - 43%, and Tier 3 - 27%
  • By Designation: C Level - 21%, D Level - 23%, and Others - 56%
  • By Region: North America - 37%, Asia Pacific- 26%, Europe - 23%, Middle East & Africa - 10%, and South America - 4%

The key companies profiled in this report are The Sherwin-Williams Company (US), PPG Industries, Inc (US), AkzoNobel N.V. (The Netherlands), BASF Coating GMBH (Germany), Jotun A/s (Norway), Asian Paints Limited (India), Kansai Paint Co., Ltd (Japan), Nippon Paint Holding Co., Ltd (Japan), RPM International, Inc (US), Masco Corporation (US), and others.

Research Coverage:

This research report categorizes the architectural coatings market by Resin Type (Acrylic, Alkyd, vinyl, Polyurethane, Others). Based on the technology (Waterborne, Solventborne, and Powder Coatings). Based on the coating type (Interior and Exterior). Based on the user type (DIY and Professional. Based on the application (Residential and non-residential), and region (North America, Europe, Asia Pacific, the Middle East & Africa, and South America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the architectural coatings market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the architectural coatings market. Competitive analysis of upcoming startups in the architectural coatings market ecosystem is covered in this report. Reasons to buy this report: The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall architectural coatings market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Growing demand for sustainable raw material building and construction), restraints (volatility in raw material prices), opportunity (expansion in untapped markets), and challenges (stringent regulatory policies).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the architectural coatings market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the architectural coatings market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the architectural coatings market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like The Sherwin-Williams Company (US), PPG Industries, Inc (US), AkzoNobel N.V. (The Netherlands), BASF Coating GMBH (Germany), Jotun A/s (Norway), Asian Paints Limited (India), Kansai Paint Co., Ltd (Japan), Nippon Paint Holding Co., Ltd (Japan), RPM International, Inc (US), Masco Corporation (US), and others. The report also helps stakeholders understand the pulse of the architectural coatings market and provides them information on key market drivers, restraints, challenges, and opportunities.
Frequently Asked Questions about the Global Architectural Coatings Market

What is the estimated value of the Global Architectural Coatings Market?

The Global Architectural Coatings Market was estimated to be valued at $85 Billion in 2023.

What is the growth rate of the Global Architectural Coatings Market?

The growth rate of the Global Architectural Coatings Market is 3.9%, with an estimated value of $102.7 Billion by 2028.

What is the forecasted size of the Global Architectural Coatings Market?

The Global Architectural Coatings Market is estimated to be worth $102.7 Billion by 2028.

Who are the key companies in the Global Architectural Coatings Market?

Key companies in the Global Architectural Coatings Market include Akzonobel N.V., Asian Paints Limited, BASF SE, Benjamin Moore & Co., Berger Paints India Limited, Brillux GmbH & Co. KG, Carpoly Chemical Group Co. Ltd., Cloverdale Paint Inc., Daw SE and Diamond.

Table of Contents

1 Introduction
1.1 Objectives of Study
1.2 Market Definition
1.2.1 Market Inclusions
1.2.2 Market Exclusions
1.3 Market Segmentation
1.3.1 Regions Covered
1.3.2 Years Considered for Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders
1.7 Summary of Changes
1.7.1 Recession Impact

2 Research Methodology
2.1 Research Data Secondary Data Key Data from Secondary Sources
2.1.2 Primary Data Key Data from Primary Sources Key Industry Insights Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Growth Forecast Approach
2.4 Factor Analysis
2.5 Data Triangulation
2.6 Assumptions
2.7 Limitations
2.8 Growth Rate Assumptions/Growth Forecast
2.9 Impact of Recession

3 Executive Summary4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Value Chain Analysis
5.3 Market Dynamics
5.3.1 Drivers
5.3.2 Restraints
5.3.3 Opportunities
5.3.4 Challenges
5.4 Porter's Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitutes
5.4.3 Bargaining Power of Buyers
5.4.4 Bargaining Power of Suppliers
5.4.5 Degree of Competitive Rivalry
5.5 Key Stakeholders & Buying Criteria
5.6 Macroeconomic Indicators
5.6.1 Introduction
5.6.2 GDP Trends and Forecast
5.7. Trends and Forecast in End-use Industry
5.8 Technology Analysis
5.9 Case Study Analysis
5.10 Pricing Analysis
5.10.1 Average Selling Price Trend by Region
5.10.2 Average Selling Price Trend by Resin
5.10.3 Average Selling Price of Key Players, by Application
5.11 Trade Data Statistics
5.12 Global Economic Scenario Affecting Market Growth
5.12.1 Global Impact of Slowdown/ Impact of Recession North America Europe Asia-Pacific Rest of the World
5.13 Ecosystem and Interconnected Market
5.14 Trends/Disruption Impacting Buyers/Customers
5.15 Tariffs & Regulation Landscapes and Standards
5.16 Regulatory Bodies, Govt. Agencies, and Other Organizations
5.17 Patent Analysis
5.17.1 Methodology
5.17.2 Publication Trends
5.17.3 Top Jurisdiction
5.17.4 Top Applicants
5.18 Key Conferences & Events in 2023-2024

6 Architectural Coatings Market, by Technology - Forecast Till 2028
6.1 Introduction
6.2 Waterborne Coatings
6.3 Solventborne Coatings
6.4 Powder Coatings

7 Architectural Coatings Market, by Resin Type - Forecast Till 2028
7.1 Introduction
7.2 Acrylic Resin
7.3 Alkyd Resin
7.4 Polyurethane Resin
7.5 Vinyl Resin
7.6 Other Resins

8 Architectural Coatings Market, by User Type - Forecast Till 2028
8.1 Introduction
8.2 DIY
8.3 Professional

9 Architectural Coatings Market, by Coating Type - Forecast Till 2028
9.1 Introduction
9.2 Interior
9.3 Exterior

10 Architectural Coatings Market, by Application - Forecast Till 2028
10.1 Introduction
10.2 Residential
10.2.1 New Construction
10.2.2 Remodel and Repaint
10.3 Non-Residential
10.3.1 Commercial
10.3.2 Industrial
10.3.3 Infrastructure

11 Architectural Coatings Market, by Region - Forecast Till 2028
11.1 Introduction
11.2 Europe
11.2.1 Impact of Recession in Europe
11.2.2 Germany
11.2.3 Russia
11.2.4 UK
11.2.5 France
11.2.6 Italy
11.2.7 Spain
11.2.8 Turkey
11.2.9 Rest of Europe
11.3 Asia-Pacific
11.3.1 Impact of Recession in Asia-Pacific
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 Indonesia
11.3.6 Thailand
11.3.7 Rest of Asia-Pacific
11.4 North America
11.4.1 Impact of Recession in North America
11.4.2 US
11.4.3 Canada
11.4.4 Mexico
11.5 Middle East & Africa
11.5.1 Impact of Recession in Middle East & Africa
11.5.2 Saudi Arabia
11.5.3 South Africa
11.5.4 Egypt
11.5.5 Rest of the Middle East & Africa
11.6 South America
11.6.1 Impact of Recession in South America
11.6.2 Brazil
11.6.3 Argentina
11.6.4 Rest of South America

12 Competitive Landscape
12.1 Overview
12.1.1 Overviews of Strategies Adopted by Key Players
12.2 Company Evaluation Quadrant Matrix, 2022
12.2.1 Stars
12.2.2 Pervasive Players
12.2.3 Emerging Leaders
12.2.4 Participants
12.3 Start-Ups/SMEs Evaluation Matrix, 2022
12.3.1 Progressive Companies
12.3.2 Starting Blocks
12.3.3 Responsive Companies
12.3.4 Dynamic Companies
12.4 Strength of Product Portfolio
12.5 Market Ranking Analysis
12.6 Market Share Analysis
12.7 Top 5 Key Players Revenue Analysis
12.8 Competitive Benchmarking
12.9 Competitive Scenario
12.9.1 Market Evaluation Framework
12.9.2 Market Evaluation Matrix
12.10 Strategic Developments (Competitive Situations and Trends)
12.10.1 Deals
12.10.2 Product Launches
12.10.3 Other Developments

13 Company Profile
13.1 Key Player
13.1.1 The Sherwin-Williams Company
13.1.2 Ppg Industries Inc.
13.1.3 Akzonobel N.V.
13.1.4 BASF SE
13.1.5 Asian Paints Limited
13.1.6 Kansai Paint Co. Ltd.
13.1.7 Nippon Paint Holdings Co. Ltd.
13.1.8 Masco Corporation
13.1.9 Jotun A/S
13.2 Other Companies
13.2.1 Rpm International Inc.
13.2.2 Hempel A/S
13.2.3 Daw SE
13.2.4 Indigo Paints Pvt Ltd.
13.2.5 Diamond-Vogel Paint Company
13.2.6 Benjamin Moore & Co.
13.2.7 Kelly-Moore Paints
13.2.8 Brillux GmbH & Co. KG
13.2.9 Berger Paints India Limited
13.2.10 Carpoly Chemical Group Co. Ltd.
13.2.11 Cloverdale Paint Inc.
13.2.12 Sto Corp
13.2.13 Lanco Paints
13.2.14 Guangdong Maydos Building Materials Co. Ltd.
13.2.15 H-I-S Coatings & Paint Manufacturing Co.
13.2.16 Fujikura Kasei Co. Ltd.

14 Appendix

Executive Summary

Companies Mentioned

  • Akzonobel N.V.
  • Asian Paints Limited
  • Benjamin Moore & Co.
  • Berger Paints India Limited
  • Brillux GmbH & Co. KG
  • Carpoly Chemical Group Co. Ltd.
  • Cloverdale Paint Inc.
  • Daw SE
  • Diamond-Vogel Paint Company
  • Fujikura Kasei Co. Ltd.
  • Guangdong Maydos Building Materials Co. Ltd.
  • H-I-S Coatings & Paint Manufacturing Co.
  • Hempel A/S
  • Indigo Paints Pvt Ltd.
  • Jotun A/S
  • Kansai Paint Co. Ltd.
  • Kelly-Moore Paints
  • Lanco Paints
  • Masco Corporation
  • Nippon Paint Holdings Co. Ltd.
  • Ppg Industries Inc.
  • Rpm International Inc.
  • Sto Corp
  • The Sherwin-Williams Company