Market Dynamics of the Global Architectural Coatings Market:
Stringent environmental regulations to control VOC emission
Demand from infrastructure industry
Increasing middle class population resulting in a growing home appliance industry
Higher cost production
Lack of product focus
Lack of awareness
According to the technology used in the production, the global architectural coatings market has been segmented into waterborne and powder coatings. Waterborne coatings are further segmented into water-soluble paints, colloidal paints, emulsions/latex coatings, and water-based alkyd coatings while the powder coatings is further segmented into thermosetting powder coatings and thermoplastic powder coatings. The market is also segmented based on the type of coatings into: ceilings, bridges, walls, tunnels, walkways, basements, floors, and roofs.
In 2017, Asia-Pacific accounted for the largest market for architectural coatings globally and in the years ahead it is expected to maintain its position. The market is majorly driven by China in the Asia-Pacific region which is expected to register a CAGR of 7.82% through 2023. With the improvement in the financial status of the consumers, the purchasing power of the middle class consumers has increased, which in turn is accelerating the demand for infrastructure, in turn making these countries an area of immense potential and opportunities. Furthermore, In residential properties, the investments rose by 6.4% on an year on year basis in China as there was a boom in buildings in 2016. However, the lack of product focus in these developing countries has considerably hindered the architectural coatings market growth. .
Furthermore, the development of bio-based products and the rising disposable income of people will offer numerous opportunities for the growth of the global architectural coatings market. Some of the major companies dominating this market for its products, services, and continuous product developments are:
Akzo Nobel Coatings
Few Notable Developments in the Market
In Jun, 2017, the Sherwin-Williams Company completed the acquisition of The Valspar Corporation
In Nov, 2017, Dow Performance Silicones, a business unit of DowDuPont Materials Science Division, introduced Dow Corning 904H Coating Additive, a silicone additive for architectural façade coatings that supports enhanced aesthetics for building exteriors
Key Deliverables in the Study:
Analysis for the global architectural coatings market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global architectural coatings market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is booming and to also identify the regions that are still untapped.
1.2 Research Methodology
1.3 Market Definition
2. Executive Summary
3. Market Insights
3.2 Industry Value Chain Analysis
3.3 Regulatory Policies Analysis
3.4 Industry Attractiveness - Porter’s Five Force Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Consumers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
3.5 Raw Material Analysis
4. Market Dynamics
4.1.1 Soaring Demand for Eco-Friendly Coatings
4.1.2 Increasing Restoration Market
4.1.3 Rising Demand for High Quality and Durable Coatings
4.2.1 Increasing Regulations
4.2.2 Voc Emission Constraints
4.3.1 Growing Awareness on Green Building Construction
4.3.2 Growing Coatings Usage in Developing Markets
5. Market Segmentation and Analysis
5.1 by Type
5.1.1 Solvent Borne
5.1.2 Water Borne
5.2 by Resin
5.2.4 Polyurethane (Pu)
6. Regional Analysis (Market Size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Nordic Countries
6.3.6 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.4 Rest of Mea
7. Technological Snapshot
7.1 Current Technologies
7.2 Upcoming Technologies
8. Competitive Landscape
8.1 Mergers & Acquisitions
8.2 Joint Ventures, Collaborations and Agreements
8.3 Vendor Market Share Analysis
8.4 Strategies Adopted by Leading Players
8.5 New Product Launches
9. Company Profiles
9.1 Akzo Nobel
9.5 Berger Paints
9.14 Kansai Paints
9.15 Nippon Paint
9.17 Rpm International
9.19 Sherwin Williams (Valspar)
9.21 Wacker Chemie
9.22 Yip’s Chemical
9.23 Yung Chi Paint & Varnish Mfg. Co. Ltd.
10. Future Insights
- Akzo Nobel
- Berger Paints
- Kansai Paints
- Nippon Paint
- Rpm International
- Sherwin Williams (Valspar)
- Wacker Chemie
- Yip’S Chemical
- Yung Chi Paint & Varnish Mfg. Co. Ltd.