Global Architectural Coatings Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3600/- USD | Published Date: January 19, 2021 |

The global architectural coatings market size was valued at over USD 71 billion in 2020 and projected to grow at a significant CAGR of around 5% during the forecast period 2021 to 2027. Rapid industrialization and urbanization are some primary factors to drive the market growth. Furthermore, the rising construction activities in residential area in developing economies are another factor to drive the market. The increasing demand for eco-friendly and durable coatings is expected to propel the market growth. In addition, the development and innovation activities in developing economies are expected to provide some new opportunities for market growth. However, stringent government regulation for harmful VOCs is expected to restrain market growth.

Market Segment Insights:

The global architectural coatings market is segmented into resin type, technology, application, and region. On the basis of resin type, the market is further divided into acrylics, alkyds, epoxy, vinyl, and other resins. The acrylic segment was accounted to hold the largest market share in 2020 in terms of revenue. The segment growth is attributed to its properties such as the ability to irradiate ultraviolet rays and strong polymeric structure. Furthermore, other properties of acrylics such as durability and the ability to provide better protection from external factors are also driving the segment growth.

By technology, the architectural coatings market is bifurcated by water-borne, solvent-borne, and powder. The solvent-borne segment is accounted to hold the largest market share in 2020 and projected to grow at a significant growth rate over the forecast period. The wide use of the solvent-based coating in various applications in both residential and commercial sectors has attributed to the segment growth. By region, North America dominated the market in 2020 and accounted to hold over 20% of the market share globally.

Global Architectural Coatings Market Size and Forecast

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The architectural coatings comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2020 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Global architectural coatings market size and forecast were obtained by using “Bottom-up” and “Top-down” approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions.

The architectural coatings market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Architectural Coatings Market Segmentation:

By Resin Type:

  • Acrylics
  • Alkyds
  • Epoxy
  • Urethanes
  • Vinyl
  • Others

By Technology:

  • Water-borne
  • Solvent-borne
  • Powder

By Application:

  • Residential
  • Commercial

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, the architectural coatings market report comprises dedicated sections centering on the regional market revenue and trends. The architectural coatings market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The architectural coatings market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Architectural coatings market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.

Market Competition Assessment:

Key players operating in the global architectural coatings market are Akzo Nobel N.V., The Sherwin-Williams Company, PPG Industries, Inc., and Nippon Paint Holdings Co., Ltd. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Akzo Nobel N.V.
  • The Sherwin-Williams Company
  • PPG Industries, Inc.
  • Nippon Paint Holdings Co., Ltd.
  • Kansai Paints Co., Ltd.
  • Asian Paints Limited
  • BASF SE
  • Masco Corporation
  • Jotun Group
  • RPM International Inc.

Key Questions Answered by Architectural Coatings Market Report:

  • Global architectural coatings market forecasts from 2021-2027
  • Regional architectural coatings market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Architectural coatings submarket forecasts from 2021-2027 covering the market by resin type, by technology, by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the architectural coatings market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level architectural coatings markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the architectural coatings market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Architectural Coatings Market Portraiture
2.2. Global Architectural Coatings Market, by Resin Type, 2020 (USD Mn)
2.3. Global Architectural Coatings Market, by Technology, 2020 (USD Mn)
2.4. Global Architectural Coatings Market, by Application, 2020 (USD Mn)
2.5. Global Architectural Coatings Market, by Geography, 2020 (USD Mn)

 

3. Global Architectural Coatings Market Analysis


3.1. Architectural Coatings Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis

 

4. Global Architectural Coatings Market By Resin Type, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Acrylics
4.3. Alkyds
4.4. Epoxy
4.5. Urethanes
4.6. Vinyl
4.7. Others

 

5. Global Architectural Coatings Market By Technology, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Water-borne
5.3. Solvent-borne
5.4. Powder

 

6. Global Architectural Coatings Market By Application, 2018 – 2027 (USD Mn)


6.1. Overview
6.2. Residential
6.3. Commercial

 

7. Global Architectural Coatings Market, By Geography, 2018 – 2027 (USD Mn)


7.1. Introduction
7.2. North America
7.2.1. Overview
7.2.2. North America Architectural Coatings Market by Resin Type (2018-2027 USD Mn)
7.2.3. North America Architectural Coatings Market by Technology (2018-2027 USD Mn)
7.2.4. North America Architectural Coatings Market by Application (2018-2027 USD Mn)
7.2.5. North America Architectural Coatings Market by Country (2018-2027 USD Mn)
7.2.5.1. U.S.
7.2.5.2. Canada
7.3. Europe
7.3.1. Overview
7.3.2. Europe Architectural Coatings Market by Resin Type (2018-2027 USD Mn)
7.3.3. Europe Architectural Coatings Market by Technology (2018-2027 USD Mn)
7.3.4. Europe Architectural Coatings Market by Application (2018-2027 USD Mn)
7.3.5. Europe Architectural Coatings Market by Country (2018-2027 USD Mn)
7.3.5.1. Germany
7.3.5.2. U.K.
7.3.5.3. France
7.3.5.4. Italy
7.3.5.5. Rest of Europe
7.4. Asia Pacific
7.4.1. Overview
7.4.2. Asia Pacific Architectural Coatings Market by Resin Type (2018-2027 USD Mn)
7.4.3. Asia Pacific Architectural Coatings Market by Technology (2018-2027 USD Mn)
7.4.4. Asia Pacific Architectural Coatings Market by Application (2018-2027 USD Mn)
7.4.5. Asia Pacific Architectural Coatings Market by Country (2018-2027 USD Mn)
7.4.5.1. China.
7.4.5.2. Japan
7.4.5.3. Rest of Asia Pacific
7.5. Latin America (LATAM)
7.5.1. Overview
7.5.2. Latin America Architectural Coatings Market by Resin Type (2018-2027 USD Mn)
7.5.3. Latin America Architectural Coatings Market by Technology (2018-2027 USD Mn)
7.5.4. Latin America Architectural Coatings Market by Application (2018-2027 USD Mn)
7.5.5. Latin America Architectural Coatings Market by Country (2018-2027 USD Mn)
7.5.5.1. Brazil
7.5.5.2. Mexico
7.5.5.3. Rest of Latin America
7.6. Middle East and Africa
7.6.1. Overview
7.6.2. MEA Architectural Coatings Market by Resin Type (2018-2027 USD Mn)
7.6.3. MEA Architectural Coatings Market by Technology (2018-2027 USD Mn)
7.6.4. MEA Architectural Coatings Market by Application (2018-2027 USD Mn)
7.6.5. Middle East and Africa Architectural Coatings Market, by Country (2018-2027 USD Mn)
7.6.5.1. GCC
7.6.5.2. Rest of MEA

 

8. Company Profiles


8.1. Akzo Nobel N.V.
8.1.1. Business Description
8.1.2. Financial Health and Budget Allocation
8.1.3. Product Positions/Portfolio
8.1.4. Recent Development
8.1.5. SWOT Analysis
8.2. The Sherwin-Williams Company
8.2.1. Business Description
8.2.2. Financial Health and Budget Allocation
8.2.3. Product Positions/Portfolio
8.2.4. Recent Development
8.2.5. SWOT Analysis
8.3. PPG Industries, Inc.
8.3.1. Business Description
8.3.2. Financial Health and Budget Allocation
8.3.3. Product Positions/Portfolio
8.3.4. Recent Development
8.3.5. SWOT Analysis
8.4. Nippon Paint Holdings Co., Ltd.
8.4.1. Business Description
8.4.2. Financial Health and Budget Allocation
8.4.3. Product Positions/Portfolio
8.4.4. Recent Development
8.4.5. SWOT Analysis
8.5. Kansai Paints Co., Ltd.
8.5.1. Business Description
8.5.2. Financial Health and Budget Allocation
8.5.3. Product Positions/Portfolio
8.5.4. Recent Development
8.5.5. SWOT Analysis
8.6. Asian Paints Limited
8.6.1. Business Description
8.6.2. Financial Health and Budget Allocation
8.6.3. Product Positions/Portfolio
8.6.4. Recent Development
8.6.5. SWOT Analysis
8.7. BASF SE
8.7.1. Business Description
8.7.2. Financial Health and Budget Allocation
8.7.3. Product Positions/Portfolio
8.7.4. Recent Development
8.7.5. SWOT Analysis
8.8. Masco Corporation
8.8.1. Business Description
8.8.2. Financial Health and Budget Allocation
8.8.3. Product Positions/Portfolio
8.8.4. Recent Development
8.8.5. SWOT Analysis
8.9. Jotun Group
8.9.1. Business Description
8.9.2. Financial Health and Budget Allocation
8.9.3. Product Positions/Portfolio
8.9.4. Recent Development
8.9.5. SWOT Analysis
8.10. RPM International Inc.
8.10.1. Business Description
8.10.2. Financial Health and Budget Allocation
8.10.3. Product Positions/Portfolio
8.10.4. Recent Development
8.10.5. SWOT Analysis

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List of Tables:

TABLE 1 Market Snapshot: Global Architectural Coatings Market

TABLE 2 Impact Indicators

TABLE 3 Impact Analysis of Drivers and Challenges

TABLE 4 Global Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 5 Global Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 6 Global Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 7 North America Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 8 North America Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 9 North America Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 10 North America Architectural Coatings Market Value, By Country, 2018 - 2027 (US$ Mn)

TABLE 11 U.S. Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 12 U.S. Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 13 U.S. Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 14 Canada Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 15 Canada Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 16 Canada Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 17 Europe Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 18 Europe Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 19 Europe Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 20 Europe Architectural Coatings Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 21 Germany Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 22 Germany Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 23 Germany Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 24 U.K. Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 25 U.K. Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 26 U.K. Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 27 France Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 28 France Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 29 France Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 30 Italy Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 31 Italy Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 32 Italy Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 33 Rest of Europe Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 34 Rest of Europe Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 35 Rest of Europe Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 36 Asia Pacific Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 37 Asia Pacific Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 38 Asia Pacific Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 39 Asia Pacific Architectural Coatings Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 40 Japan Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 41 Japan Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 42 Japan Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 43 China Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 44 China Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 45 China Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 46 Rest of Asia Pacific Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 47 Rest of Asia Pacific Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 48 Rest of Asia Pacific Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 49 Latin America Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 50 Latin America Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 51 Latin America Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 52 Latin America Architectural Coatings Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 53 Brazil Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 54 Brazil Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 55 Brazil Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 56 Mexico Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 57 Mexico Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 58 Mexico Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 59 Rest of Latin America Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 60 Rest of Latin America Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 61 Rest of Latin America Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 62 Middle East & Africa Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 63 Middle East & Africa Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 64 Middle East & Africa Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 65 Middle East & Africa Architectural Coatings Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 66 GCC Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 67 GCC Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 68 GCC Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 69 Rest of MEA Architectural Coatings Market Value, by Resin Type, 2018 - 2027 (US$ Mn)

TABLE 70 Rest of MEA Architectural Coatings Market Value, by Technology, 2018 - 2027 (US$ Mn)

TABLE 71 Rest of MEA Architectural Coatings Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 72 Akzo Nobel N.V.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 73 The Sherwin-Williams Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 74 PPG Industries, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 75 Nippon Paint Holdings Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 76 Kansai Paints Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 77 Asian Paints Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 78 BASF SE: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 79 Masco Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 80 Jotun Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 81 RPM International Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

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List of Figures:

FIG. 1 Global Architectural Coatings: Market Segmentation

FIG. 2 Global Architectural Coatings Market: Research Methodology

FIG. 3 Top-Down and Bottom-up Approach

FIG. 4 Global Architectural Coatings Market, by Resin Type, 2019 (US$ Mn)

FIG. 5 Global Architectural Coatings Market, by Technology, 2019 (US$ Mn)

FIG. 6 Global Architectural Coatings Market, by Application, 2019 (US$ Mn)

FIG. 7 Global Architectural Coatings Market, by Geography, 2019 (US$ Mn)

FIG. 8 Global Architectural Coatings Market Value and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)

FIG. 9 Attractive Investment Proposition, by Geography, 2017

FIG. 10  Market Positioning of Key Architectural Coatings Providers, 2019

FIG. 11 Global Architectural Coatings Market Value Share, by Resin Type, 2018 & 2027 (%)

FIG. 12 Global Architectural Coatings Market Value for Acrylics, 2018 - 2027, (US$ Mn)

FIG. 13 Global Architectural Coatings Market Value for Alkyds, 2018 - 2027, (US$ Mn)

FIG. 14 Global Architectural Coatings Market Value for Epoxy, 2018 - 2027, (US$ Mn)

FIG. 15 Global Architectural Coatings Market Value for Urethanes, 2018 - 2027, (US$ Mn)

FIG. 16 Global Architectural Coatings Market Value for Vinyl, 2018 - 2027, (US$ Mn)

FIG. 17 Global Architectural Coatings Market Value for Others, 2018 - 2027, (US$ Mn)

FIG. 18 Global Architectural Coatings Market Value Share, by Technology, 2018 & 2027 (Value %)

FIG. 19 Global Architectural Coatings Market Value for Water-borne, 2018 - 2027, (US$ Mn)

FIG. 20 Global Architectural Coatings Market Value for Solvent-borne, 2018 - 2027, (US$ Mn)

FIG. 21 Global Architectural Coatings Market Value for Powder, 2018 - 2027, (US$ Mn)

FIG. 22 Global Architectural Coatings Market Value Share, by Application, 2018 & 2027 (Value %)

FIG. 23 Global Architectural Coatings Market Value for Residential, 2018 - 2027 (US$ Mn)

FIG. 24 Global Architectural Coatings Market Value for Commercial, 2018 - 2027 (US$ Mn)

FIG. 25 North America Architectural Coatings Market Value, 2018 - 2027, (US$ Mn)

FIG. 26 Europe Architectural Coatings Market Value, 2018 - 2027, (US$ Mn)

FIG. 27 Asia Pacific Architectural Coatings Market Value, 2018 - 2027, (US$ Mn)

FIG. 28 LATIN America Architectural Coatings Market Value, 2018 - 2027, (US$ Mn)

FIG. 29 Middle East & Africa Architectural Coatings Market Value, 2018 - 2027, (US$ Mn)
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