Global Architectural Coatings Market: Overview
Architectural coatings are used to coat buildings and homes. Mostly, they are designated for specific uses such as roof coatings, wall paints and deck finishes. Each architectural coating is anticipated to provide certain decorative, durable and protective functions. Different test protocols may be applied in the evaluation of an architectural coating depending upon the type of end uses such as residential and non-residential. Architectural coatings are different from that of other industrial coatings. Architectural coatings can be defined as the organic coatings intended for on-site End-User to interior or exterior surfaces of residential, commercial, institutional or industrial buildings. They are considered the protective and decorative finishes applied at ambient temperatures. The architectural coatings industry has undergone great change over the past few years. These changes have been introduced with the help of paint formulators, end users and environmental regulators. The commonly employed resins in the architectural coatings include acrylics, polyurethane, vinyl/styrene, alkyds, etc. and the major technology is solvent-based technology. However, water-based technology’s growth potential is projected to be high and it is expected to replace solvent-based technology.
Global Architectural Coatings Market: Trends and Opportunities
Rapid expansion in the building and construction industry is a key factor driving the global architectural coatings market. Increase in environmental awareness has led to technological innovations to provide quality products that are affordable and have enhanced properties. Another significant driver for the architectural coatings market is growing population and increase in disposable income. Investment in housing has been an important source of growth for many countries across the world in recent years. The change in culture coupled with the effect of globalization has been affecting the lifestyle of the people. People have become more health conscious and are choosing coatings with low emission of volatile organic compounds. Volatility in prices of raw materials have been considered restraint for the architectural coatings market.
Architectural Coatings Market (Resin - Vinyl/Styrene, Acrylics, Alkyds, and Polyurethane; Technology - Water-based and Solvent-based; End-User: Residential (New Building, Reconstruction) and Non-Residential (New Building, Reconstruction)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 - 2025Buy Now
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