A recent report published by Infinium Global Research on residential architectural coatings market provides in-depth analysis of segments and sub-segments in the global as well as regional residential architectural coatings market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional residential architectural 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 residential architectural coatings market. According to the report, the global residential architectural coatings market is projected to grow at a CAGR of 5.0% over the forecast period of 2019-2025.
The residential architectural coatings is a broad term covering an array of liquid-applied materials, ranging from traditional linseed oil-based paints to protective mineral silicate coatings to the penetrating sealers. The coatings are used to enhance the appearance of building and protect it from weather conditions such as wind-driven rain, standing water, acidic rain, ice, and freeze-thaw cycling. Any functional or aesthetic deterioration of the building wall risks shortening the life span of a building which is in turns creating the need for extensive repairs. The architectural coating is important for the overall sustainability of building structure, it takes considerations of environmental concern, ease of use and color requirement. A most significant factor that influencing the performance of the coating is its weatherability.particularly its UV resistance. The architectural coatings are checked by different tests such as adhesive, impact resistance, humidity resistance, mortar resistance, acid resistance, and pencil hardness. The architectural coating required to have good water resistance, good alkali resistance, certain decorative function, bonding strength to cement surface layers or wood materials and repair as well as maintenance and easy recoating.
Growing housing construction activities is driving the residential architectural coatings market. Further, modern advancement in coatings and its wide variety of exterior and interior application, rise in civil construction activities across the globe and large investments in the maintenance and repair of existing buildings are provide growing demand for the market. However, fluctuations in raw material prices are hindering the growth of the market. Moreover, growth of real estate sector and rapid development in infrastructure provide immense growth opportunities for residential architectural coatings market.
Asia Pacific region is expected to dominate the residential architectural coatings market owing to the rapid growth of the construction industry. The china and India are the major contributors to the growth of the market in this region owing to growing government spending on affordable housing facilities, expanding service and industrial sector and rapid development in infrastructure.
The report on global residential architectural coatings market covers segments such as application, distribution channel, consumer type, resin type, and technology. On the basis of application, the sub-markets include exterior, and interior. On the basis of distribution channel, the sub-markets include company-owned stores, independent distributors, large retailers, and wholesalers. On the basis of consumer type, the sub-markets include DIY consumers, and professional consumers. On the basis of resin type, the sub-markets include acrylic, and alkyd. On the basis of technology, the sub-markets include waterborne, solventborne, and powder.
The report provides profiles of the companies in the market such as Sherwin-Williams Company, Asian Paints Limited, Nippon Paint Holdings Co., Ltd, Akzo Nobel N.V, Kansai Paints Co., Ltd, Masco Corporation, RPM International Inc, Jotun Group, BASF SE, and PPG Industries, Inc.
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 residential architectural coatings market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. 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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