Architectural Coatings Market Size, Share, Trends, Growth 2032

Architectural Coatings Market Insights

According to Zion Market Research, the global Architectural Coatings Market was worth USD 72.23 Billion in 2023. The market is forecast to reach USD 115.96 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5.4% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Architectural Coatings industry over the next decade.

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Global Architectural Coatings Market: Overview

Architectural coatings find a slew of applications across building & construction activities. The product is extensively used in roof coatings, deck finishes, and wall paints. It is majorly applied for executing protective, decorative, and durable functionalities.

Global Architectural Coatings Market: Growth Factors

An increase in residential building constructions has helped in promoting architectural coatings market trends. Growing consciousness about maintaining a green environment has culminated in massive demand for quality products leading to product innovation, thereby further enlarging the architectural coatings business scope. Experts are of the view that the market has bright growth prospects due to stability witnessed in the economic & social status of the population in developing countries as well as third-world economies.

Apparently, the product is used for preventing rusting of metallic components of metal furniture, tanks, fences, and radiators. It has also been widely utilized in wall paintings, sculptures, and wooden flooring. Moreover, features such as high durability and eco-friendliness will have a favorable effect on the architectural coatings market. Additionally, the repair of sculptures and artifacts work at heritage locations will amplify the growth curve of the architectural coatings market over the forthcoming timespan.

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Global Architectural Coatings Market: Segmentation

The architectural coatings market can be segmented into resin type, coating type, technology, application, and user type. 

Resin type-wise, the architectural coatings market can be sectored into alkyd and acrylic.

Based on the coating type, the industry is sectored into exterior and interior coating types.

Technology-wise, the architectural coatings market is classified into waterborne, powder, and solvent-borne technologies.

Application-wise, the architectural coatings market is divided into residential and non-residential applications.

On the basis of user type, the architectural coatings sector is segregated into professional and DIY users.

Architectural Coatings Market: Report Scope

Global Architectural Coatings Market: Regional Analysis

Based on the region, the overall architectural coatings market can be divided into five main regions: Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. The Prominent rise in the number of construction and refurbishment activities in countries such as Japan, India, Thailand, Taiwan, and China will amplify the market growth rate in the Asia-Pacific zone. Additionally, the growing aesthetic sense among the people of the region has resulted in escalating demand for interior designing & beautification in residential and commercial sectors, thereby augmenting regional growth. Massive green construction trends and large-scale infrastructural spending observed in the Asia Pacific countries like Australia will expand the industry size.

An increase in the popularity of specialized coatings along with a growing trend of using bio-based coatings will exponentiation the market size in Europe. UK, France, Spain, and Italy are expected to be the regional growth drivers of the European market. North America being a mature market will witness moderate growth over the estimated timeline.

Global Architectural Coatings Market: Competitive Players

A few of the main participants in the architectural coatings market are

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

This report segments the global architectural coatings Market into

By Resin Type

• Alkyd
• Acrylic

By Coating Type

• Exterior
• Interior

By Technology

• Waterborne
• Powder
• Solvent-borne

By Application

• Residential
• Non-residential

By User Type

• Professional
• DIY Users

Global Architectural Coatings Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa