Market Synopsis:
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 don’t 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.
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Regional Analysis:
Geographically, Architectural Coatings Market is segmented across Five Regions in the world namely: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
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.
Market Categorization:
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.
Top Global Competitors:
The key players in the Architectural Coatings Market are, BASF Coatings GmbH (Germany), PPG Industries Inc. (U.S.), AkzoNobel N.V. (Netherlands), Kelly-Moore Paint Company Inc. (U.S.), The Sherwin-William Company (U.S.), The Valspar Corporation (U.S.), Nippon Paint Co. Ltd. (Japan), RPM International Inc. (U.S.), Kansai Paint Co. Ltd. (Japan), and Asian Paints Ltd. (India)
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