Market Size of Architectural Coatings Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 72.51 Billion |
| Market Size (2029) | USD 90.70 Billion |
| CAGR (2024 - 2029) | 4.58 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Architectural Coatings Market Analysis
The Architectural Coatings Market size is estimated at USD 72.51 billion in 2024, and is expected to reach USD 90.70 billion by 2029, growing at a CAGR of 4.58% during the forecast period (2024-2029).
The construction sector is a major driver of the Architecture Coatings Market. These coatings have several advantages including corrosion resistance, UV rays protection, etc. Vinyl Acetate is the common type of Architecture coating in use. Architecture Infrastructure is expected to see a rise in demand for Market Studied.
- Increasing demand for Low VOC Coatings is creating various opportunities in this Market.
- Increasing Global Warming Concern across the globe is demanding safe and energy-saving coatings for office buildings, residential homes, etc.
- Asia-Pacific is expected to dominate the global market, during the forecast period.
Architectural Coatings Industry Segmentation
The scope of the study includes coatings used for commercial purposes, such as office buildings, warehouses, retail convenience stores, and shopping malls and residential buildings. However, it does not include the infrastructure segment, which comprises roads, bridges, and rails. Moreover, it also includes the coatings used in the new construction and remodeling of old houses.
The architectural coatings market is segmented by technology, resin type, application, construction sector, and Geography. By technology, the market segmented into Water-borne and Solvent-borne. By resin type, the market is segmented into Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types. B By construction sector, the market is segmented into commercial and residential. The report also covers the market size and forecasts for the architectural coatings market in 25 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million) and volume (kilotons).
| Technology | |
| Water-borne | |
| Solvent-borne |
| Resin Type | |
| Acrylic | |
| Alkyd | |
| Polyurethane | |
| Epoxy | |
| Polyester | |
| Other Resin Types |
| End-use sub segment | |
| Commercial | |
| Residential |
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Architectural Coatings Market Size Summary
The architectural coatings market is poised for significant growth, driven primarily by the construction sector's demand for coatings that offer benefits such as corrosion resistance and UV protection. Vinyl acetate is commonly used in these coatings, and there is a growing interest in low VOC options due to increasing global warming concerns. The Asia-Pacific region is expected to lead the market during the forecast period, with China and the United States showing notable demand in the residential segment. This demand is further fueled by factors such as low housing prices in China and increased residential paint consumption in the United States. The ongoing geopolitical tensions in regions like Russia and Ukraine are also anticipated to boost the demand for architectural paints and coatings.
In China, the consumption of architectural coatings has been rising, supported by government initiatives that have eased regulations on imported paints and coatings. Waterborne coatings, which comply with VOC regulations, dominate the market share, aligning with China's commitment to carbon neutrality by 2050. Acrylic coatings are particularly popular for exterior walls, reflecting the country's regulatory push towards low VOC products. The market is characterized by fragmentation, with major players like Akzo Nobel N.V., The Sherwin-Williams Company, and PPG Industries, Inc. actively expanding their presence through strategic acquisitions and innovations. These developments are expected to enhance the competitive landscape and drive further growth in the architectural coatings market.
Architectural Coatings Market Size - Table of Contents
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1. MARKET SEGMENTATION
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1.1 Technology
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1.1.1 Water-borne
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1.1.2 Solvent-borne
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1.2 Resin Type
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1.2.1 Acrylic
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1.2.2 Alkyd
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1.2.3 Polyurethane
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1.2.4 Epoxy
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1.2.5 Polyester
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1.2.6 Other Resin Types
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1.3 End-use sub segment
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1.3.1 Commercial
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1.3.2 Residential
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1.4 Geography
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1.4.1 Asia-Pacific
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1.4.1.1 China
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1.4.1.2 India
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1.4.1.3 Japan
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1.4.1.4 South Korea
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1.4.1.5 Thailand
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1.4.1.6 Indonesia
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1.4.1.7 Malaysia
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1.4.1.8 Philippines
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1.4.1.9 Singapore
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1.4.1.10 Vietnam
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1.4.1.11 Australia & Newzealand
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1.4.1.12 Rest of Asia-Pacific
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1.4.2 North America
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1.4.2.1 United States
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1.4.2.2 Canada
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1.4.2.3 Mexico
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1.4.2.4 Rest of North America
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1.4.3 Europe
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1.4.3.1 Germany
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1.4.3.2 France
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1.4.3.3 United Kingdom
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1.4.3.4 Italy
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1.4.3.5 Spain
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1.4.3.6 Poland
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1.4.3.7 Nordic Countries
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1.4.3.8 Russia
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1.4.3.9 Rest of Europe
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1.4.4 South America
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1.4.4.1 Brazil
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1.4.4.2 Argentina
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1.4.4.3 Rest of South America
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1.4.5 Middle East and Africa
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1.4.5.1 Saudi Arabia
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1.4.5.2 South Africa
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1.4.5.3 Rest of Middle East and Africa
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Architectural Coatings Market Size FAQs
How big is the Architectural Coatings Market?
The Architectural Coatings Market size is expected to reach USD 72.51 billion in 2024 and grow at a CAGR of 4.58% to reach USD 90.70 billion by 2029.
What is the current Architectural Coatings Market size?
In 2024, the Architectural Coatings Market size is expected to reach USD 72.51 billion.
