Architectural Coatings Market by Type, by Mechanism, by Application, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2018 – 2023

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Architectural Coatings Market Research Report-
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Architectural Coatings Market - 2023
Global Architectural Coatings Market
Research Report, by Type (Acrylic, Epoxy,
Polyurethane, Polyester), by Technology (Water
Borne technology, Solvent Borne Technology), by
Application (Residential, Non-Residential) and by
Region Forecast till 2023 Architectural
Coatings Market Overview Architectural Coatings
are used to coat and paint houses and buildings.
These coatings exhibit excellent properties of
adhesion, wettability, weather shield, and
resistance to corrosion. The different types of
Architectural Coatings are acrylic, epoxy,
polyurethane, polyester, and others. These
coatings have the ability to absorb, reflect
light and to change color of the surface or
substrate, it is applied to. Generally, metals
like iron dont possess properties such chemical
and corrosion resistance, therefore, theses
coatings provide them with the required
resistance to chemical or other corrosive
reactions that deteriorate metals. Additionally,
solar radiation causes the surface or substrate
loose its durability. So, these coatings, being
resistant to UV radiation, are used to enhance
the durability of the surface or substrate. These
outstanding properties find a wide array of
applications in residential as well as
non-residential purposes. The Worldwide
Architectural Coatings CAGR is poised to develop
at a higher rate in the forecast time frame. The
developed countries of the world is the place
where a majority of the market is going on, and
it is foreseen to develop even more in the
forecast time frame. The fundamental variables in
charge of this development rate are, expanding
government support for development extending in
the urban territories, rising white collar class
populace spending to enhance expectations for
everyday comforts, and lodging needs of the
expanding populace. Besides, acrylic market pitch
is expected to witness an exceptional development
in the conjecture time frame inferable from surge
in the demand from residential applications.
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Architectural Coatings Market - 2023
Regional Analysis Asia Pacific is presently the
biggest Architectural Coatings showcase because
of a large number of developments and reclamation
activities by government organizations and
significant development firms in India, China and
Japan. Asia Pacific local market is assessed to
witness better than expected development
inferable from expanding discretionary cash flow
and developing interest for inside embellishment
and beautification in both residential and
non-residential is the major driver in this
region. Concrete Floor Coatings is the major
application segment in North America. Though
after the great depression period, the
construction activities are slowed down. But
interior decoration and remodelling is picking up
the pace with the contemporary world. It is
anticipated that it would drive the market in the
forecast period. In addition to this, increasing
consumer awareness about the protection of
exteriors to expand the life span of the property
could also drive the market in the forecast
period. European Coatings are experiencing
losses after the financial depression in 2008.
There is a scarcity for raw materials in Europe
which they have to import from other countries at
higher prices. A combination of higher pricing of
raw materials and competitive Coatings Market
outside EU has a huge impact on Europe coatings
market. It is anticipated that there will be a
decline in the growth of architectural coatings
market in EU. Paints and Coatings Industry in
Latin America is experiencing a decline in the
demand due to the regional economy which is not
seeing any growth. Lack of governance and no
proposed future projects are the main reasons for
this decline. Segmentation The Global
Architectural Coatings Market is segmented into
type, application, technology and region. On the
basis of type, the market is segmented into
acrylic, epoxy, polyurethane, polyester and
others. Based on application, the market is
segmented into residential and non-residential
and others. Global Architectural Coatings Market
is segmented based on technology as water borne
and solvent borne technology. Based on region,
the market is segmented into Asia Pacific,
Europe, North America, Latin America and the
Middle East and Africa.
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Architectural Coatings Market - 2023
Key Players The key players in the Architectural
Coatings Market are BASF Coatings GmbH (Germany),
PPG Industries Inc. (the U.S.), AkzoNobel N.V.
(the Netherlands), Kelly-Moore Paint Company,
Inc. (the U.S.), The Sherwin-William Company (the
U.S.), The Valspar Corporation (the U.S.), Nippon
Paint Co Ltd (Japan), RPM International Inc. (the
U.S.), Kansai Paint Co., Ltd (Japan) and Asian
Paints Ltd (India) among others. Intended
Audience Global Architectural Coatings
Manufacturers Traders and Distributors of
Architectural Coatings Research and Development
Institutes Potential Investors Raw Material
Suppliers Nationalized Laboratory
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