This report provides exclusive insights into the COVID-19 impact on the Residential Architectural Coatings Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Residential Architectural Coatings Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Residential Architectural Coatings Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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
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
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.