Architectural Waterborne Coatings Market

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Architectural Waterborne Coatings Market (Resin Type - Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, and Others; Application - interior, and exterior; End-user - Residential, and commercial): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

  • Published : June, 2022

  • Rep Id : CM00851

  • Category : Chemicals & Materials

  • Status : Published

A recent report ongoing study by Infinium Global Research on the architectural waterborne coatings market provides in-depth analysis of segments and sub-segments in the global as well as regional architectural waterborne coatings market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional architectural waterborne coatings market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global architectural waterborne coatings market. According to the report, the global architectural waterborne coatings market is projected to grow at a significant CAGR over the forecast period of 2022-2028.

 

Market Insight

Coatings are products used to enhance the appearance of a building and protect it from elements such as moisture, UV radiation, and microbes. These coatings are applied to commercial and residential buildings. Paints, primers, lacquers, varnishes, and stains are some of the major types of architectural coating products. These products are formulated using a variety of resins such as acrylic, alkyds, polyester, and polyurethane, and can be categorized into two major technologies such as solvent-borne and waterborne coatings. Waterborne coatings have water as the solvent base, thereby making these coatings environment-friendly and easy to apply. With increasing awareness of VOC emissions, growth in waterborne coatings is expected to be dynamic over the forecast period.

 

Demand for architectural waterborne coatings is expected to increase in the next few years because of an increase in civil construction activities across the globe and increased investments in the maintenance and repair of existing buildings. The market is expected to grow significantly during the forecast period primarily because of increased demand from emerging markets such as the APAC region. The recovery of the global housing markets has contributed to a rise in demand for architectural waterborne coatings. Furthermore, the increasing disposable income of consumers in emerging markets and a growing need for durable architectural waterborne coatings that reduce the frequency of renovation suggest that the uptake of premium products will be greater than in the previous five years. The high-performance architectural waterborne coatings that are offered by several regional vendors will create considerable growth opportunities. However, High-cost of the products will hamper the growth of the market during the forecast period.

 

COVID-19 is an incompatible worldwide public health emergency that has affected every industry. The long-term effects are projected to impact the expansion of the worldwide architectural waterborne coatings market during the forecast period. During the COVID 19 pandemic, the architectural waterborne coatings industry was impacted by a lack of subcontractors &raw materials, supply chain disruptions, partial or suspended production, and travel restrictions, all of which affect demand from the architectural, automotive, and aerospace sectors. Furthermore, the decreased demand from construction and the general industrial sector due to trade restrictions imposed by several countries globally is expected to hamper the growth of the architectural waterborne coatings market during the COVID-19 pandemic.

 

Based on the region, the worldwide architectural waterborne coatings market is segmented into the Asia Pacific, North America, Europe, and also the Mideast & Africa. Among the regions, North America holds the largest share of the worldwide architectural waterborne coatings market. North America has been registering strong growth in the aerospace industry, which is expected to drive the consumption of anti-icing coating over the forecast period. Initiatives under the Clean Energy Ministerial (CEM) like the electric vehicle initiative and the growing popularity of electric vehicles are likely to drive the consumption of anti-icing coating in the near future and will drive the growth of the market within the European region. Furthermore, the Asia Pacific region is anticipated to grow at the fastest rate within the architectural waterborne coatings market over the forecast period.

 

Segment Covered

The report on the global architectural waterborne coatings market covers segments such as resin type, application, and end-user. On the basis of resin type, the sub-markets include acrylic, polyester, alkyd, epoxy, polyurethane, and others. On the basis of application, the sub-markets include interior, and exterior. On the basis of end-user, the sub-markets include residential, and commercial.

 

Companies Profiled:

The report provides profiles of the companies in the market such as PPG Industries Inc., AkzoNobel N.V., BASF SE, Asian Paints Ltd, Benjamin Moore & Co., DAW SE, Masco Corporation, Nippon Paint Holdings, Sherwin-Williams Company, and Valspar Corporation.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of architectural waterborne coatings market. Moreover, the study highlights current market trends and provides forecast from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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