Global Architectural Paint Market Volume Expected to Exceed USD 87 Billion in 2025

The architectural coatings market exhibits highly fragmented vendor diversity due to the presence of numerous market players. However, despite the presence of many players in the market, significant share is captured by companies focused on research and development activities. Additionally, increasing developments in water-based products, combined with rising construction in the residential sector, present strong growth opportunities primarily for key players in the global architectural coatings market. Regionally, Asia-Pacific is estimated to maintain its dominance in the global architectural coatings market largely due to strong construction activities in China. Rising demand for resins from the furniture industry and the availability of resins play an important role in the global architectural coatings market in the region and particularly in countries such as China and India. Additionally, natural disasters playing an effective role in the market growth in the region continuously change demand for specialized furniture and coatings in Japan. However, the European region is estimated to be the second leader in total revenue by the end of the forecast period. The market in the region is likely to benefit due to high demand for architectural coatings from countries such as France, Spain, Italy and England.

The term architectural coatings encompasses a wide variety of coatings such as varnishes, primers, paints, putties, ceramics, inks and others. They are used on interior and exterior walls, building ceilings and floors.

Architectural coatings need to be resistant to certain factors such as heat, humidity, weather conditions and chemicals. Factors such as rapid urbanization and globalization, particularly in developing countries, lead to increases in disposable income that drive desire for home ownership among the masses. This is a key factor in increasing construction activities for residential areas. Additionally, factors such as increasing investments in commercial and infrastructure development are accelerating growth of the global architectural coatings market. Rising awareness levels among people regarding environmental safety increase demand for low-odor and high-performance coatings, which primarily results in reduced emissions of coatings that are low-odor and more durable. These coatings also emit low volatile organic contents (VOCs) and thus increase demand for architectural coatings. Additionally, rising industrialization with the existence of less stringent regulations in developing regions is accelerating growth of the global architectural coatings market. For this reason, the architectural coatings market was realized at approximately USD 53.2 billion in 2016 and is estimated at USD 87.5 billion by 2025. The market is expected to expand showing 5.7% growth during the forecast period from 2017 to 2025. Paints are generally used on the exterior of a house not only for aesthetic appeal but also to protect walls and doors from freezing in winter, swelling in summer months and bombardment from UV rays. However, paints are generally damaged by excessive dampness, moisture, rain and snow. Thus, demand for water-based resins or architectural coatings is recreated and drives market growth. This report was presented by PRNewswire.