The global interior architectural coatings market size reached US$ 48.5 Billion in 2023. Looking forward, the market is projected to reach US$ 67.2 Billion by 2032, exhibiting a growth rate (CAGR) of 3.69% during 2023-2032.
Interior architecture includes technically and scientifically managing the interior space of a building while considering several construction aspects, such as finishes, plumbing, lighting, materials, electrical requirements, and smart use of the available space. Architectural coatings typically consist of organic finishes, which are used for beautifying and protecting the interior surfaces of the building.
At the time of selection, consumers look for various aesthetic and performance properties and characteristics, including hiding power, ease of application, flow and leveling, low volatile organic compound (VOC) emissions, user protection from toxins, stain resistance, environment friendliness, and low odor. Presently, there are different types of coatings available in the market, which consist of items like varnishes, sealers, wall paints, primers, ceramics and among others.
Over the past few years, both the commercial and residential sectors have witnessed a rise in construction activities, which is impelling the growth of the market. Also, consumers across the globe have become aware of the availability of premium quality coatings that can provide appropriate beautification and protection to their houses. Other than this, many emerging economies are currently going through a transition, which has led to a rise in infrastructural activities with the escalating demand for improved coatings for interior architecture. Moreover, rising concerns regarding environmental degradation have prompted manufacturers to produce coatings that are highly sustainable and offer eco-friendly protection.
Interior architecture includes technically and scientifically managing the interior space of a building while considering several construction aspects, such as finishes, plumbing, lighting, materials, electrical requirements, and smart use of the available space. Architectural coatings typically consist of organic finishes, which are used for beautifying and protecting the interior surfaces of the building.
At the time of selection, consumers look for various aesthetic and performance properties and characteristics, including hiding power, ease of application, flow and leveling, low volatile organic compound (VOC) emissions, user protection from toxins, stain resistance, environment friendliness, and low odor. Presently, there are different types of coatings available in the market, which consist of items like varnishes, sealers, wall paints, primers, ceramics and among others.
Over the past few years, both the commercial and residential sectors have witnessed a rise in construction activities, which is impelling the growth of the market. Also, consumers across the globe have become aware of the availability of premium quality coatings that can provide appropriate beautification and protection to their houses. Other than this, many emerging economies are currently going through a transition, which has led to a rise in infrastructural activities with the escalating demand for improved coatings for interior architecture. Moreover, rising concerns regarding environmental degradation have prompted manufacturers to produce coatings that are highly sustainable and offer eco-friendly protection.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global interior architectural coatings market report, along with forecasts at the global and regional level from 2024-2032. The report has categorized the market based on resin type, technology, distribution channel, type of consumer and end use sector.Breakup by Resin Type:
- Acrylic
- Polyester
- Alkyd
- Epoxy
- Polyurethane
- Others
Breakup by Technology:
- Water-Borne Coatings
- Solvent-Borne Coatings
Breakup by Distribution Channel:
- Company-Owned Stores
- Independent Distributors
- Large Retailers and Wholesalers
Breakup by Type of Consumer:
- Professional Consumers
- DIY Consumers
Breakup by End Use Sector:
- Residential
- Non-Residential
Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Competitive Landscape
The competitive landscape of the market has also been examined with some of the key players being Akzo Nobel N.V., Axalta Coatings Systems, LLC, Asian Paints Limited, BASF SE, Nippon Paint/ Nipsea Group, Kansai Paint Co. Ltd., PPG Industries, Inc., RPM International Inc., The Sherwin-Williams Company, and The Valspar Corporation.Key Questions Answered in This Report
- How has the global interior architectural coatings market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global interior architectural coatings market?
- What are the major resin types in the market?
- What are the key technologies in the market?
- What are the major distribution channels in the market?
- What is the breakup of the market on the basis of consumer type?
- What are the major end-use segments in the market?
- What are the various stages in the value chain of the global interior architectural coatings industry?
- What are the key driving factors and challenges in the global interior architectural coatings industry?
- What is the structure of the global interior architectural coatings industry and who are the key players?
- What is the degree of competition in the global interior architectural coatings industry?
- How are interior architectural coatings manufactured?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Interior Architectural Coatings Market
6 Market Breakup by Resin Type
7 Market Breakup by Technology
8 Market Breakup by Distribution Channel
9 Market Breakup by Type of Consumer
10 Market Breakup by End-Use Sector
11 Market Breakup by Region
12 Interior Architectural Coatings Manufacturing Process
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Akzo Nobel N.V.
- Axalta Coatings Systems LLC
- Asian Paints Limited
- BASF SE
- Nippon Paint/ Nipsea Group
- Kansai Paint Co. Ltd.
- PPG Industries Inc.
- RPM International Inc.
- The Sherwin-Williams Company
- The Valspar Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 135 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 48.5 Billion |
| Forecasted Market Value ( USD | $ 67.2 Billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
