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Global Architectural Paints and Coatings Market Insight March 18, 2022 Comments

The Architectural Paints and Coatings is forecast to steady growth over the next four years. According to the WK-chem Research “Global Architectural Paints and Coatings Professional Survey Report 2022, Forecast to 2027”, With Increase in applications, advancement in technology,the Architectural Paints and Coatings industry is developing at an incredible speed. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.15% base on WK-chem Research regression analysis model.
Analysts’ Viewpoint:
“Growing residential and commercial construction activities will drive the architectural coatings market over the forecast period.“
Market insight:
Paints and coatings are widely used in construction for exterior and interior applications. Modern advancements in paint technology, especially acrylic formulations, offer a wide range of weatherproof coatings. Paints and coatings applied to the exterior of a house not only add to its beauty, but also protect it from the daily bombardment of blisters in summer, cold in winter, rain and UV radiation without fading, peeling and cracking. Also, paints and coatings Also used inside houses to add color or for decorative purposes, as well as a wide range of other functions. Their function varies depending on the type of environment and the room in which they are used. This is the main factor driving the market.
Competition Landscape:
This WKI market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Architectural Paints and Coatings companies that include Akzo Nobel N.V., The Sherwin-Williams Company, PPG Industries, Inc., and Nippon Paint Holdings Co., Ltd.
Segmentation of Architectural Paints and Coatings Market:
According to the type, the market for Architectural Paints and Coatings is divided into Acrylic,Alkyd,Vinyl,Polyurethane and Others.Acrylic dominates the market, and acrylic has better weatherability and oxidation resistance than oil-based paints, alkyds, or epoxies because the main component of acrylic polymers provides a polymer structure that absorbs little UV light. In addition, acrylic resins have good color and gloss retention.According to application, the Architectural Paints and Coatings market is divided into Residential and Non-Residential.Residential occupies a dominant position in the market, and the rapid development of the city increases the demand for housing, which drives the development of the market.
Architectural Paints and Coatings Market: Regional Analysis
In terms of geography, the global Architectural Paints and Coatings market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.North America is currently the leading regional market for Architectural Paints and Coatings due to rapid urban development.The Asia Pacific market is expected to grow with the highest CAGR.Due to Population growth and economic growth driven.
Cagr: 4.15%
Largest share area:North America
Largest share country:the Unite States
Product Type: Acrylic,Alkyd,Vinyl,Polyurethane and Others
Application:Residential and Non-Residential
Leading Company: Akzo Nobel N.V., The Sherwin-Williams Company, PPG Industries, Inc., and Nippon Paint Holdings Co., Ltd.