Market Size of china architectural coatings Industry
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Study Period | 2016 - 2028 |
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Market Size (2024) | USD 27.12 Billion |
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Market Size (2028) | USD 32.68 Billion |
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Largest Share by Sub End User | Residential |
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CAGR (2024 - 2028) | 4.77 % |
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Fastest Growing by Sub End User | Residential |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
China Architectural Coatings Market Analysis
The China Architectural Coatings Market size is estimated at USD 27.12 billion in 2024, and is expected to reach USD 32.68 billion by 2028, growing at a CAGR of 4.77% during the forecast period (2024-2028).
- Largest Segment by End-user - Residential : The residential sector dominated the architectural coating consumption due to the continuous investment in the housing segment to accompany the world largest population.
- Largest Segment by Technology - Waterborne : The waterborne coatings segment holds the major market share due to the new strict VOC regulations put by the chinese government on the architectural coatings in 2020.
- Largest Segment by Resin - Acrylic : Due to the growth of waterborne coatings, acrylic coating is the largest and fastest-growing segment as it is the country's largest waterborne coatings resin, followed by PVA.
This section covers the major market trends shaping the China Architectural Coatings Market according to our research experts:
Residential is the largest segment by Sub End User.
- The architectural coating consumption in China peaked in 2017 with an increment of 7.80% from the previous year’s total architectural coating consumption, due to the long-time recovery since 2015, and increase in investment in the residential building by 9.4% y-o-y in 2017. Furthermore, rise in sales of total floor space was also observed in 2017, for instance, floor space of commercial buildings sold was up by 7.7% y-o-y in 2017, while the floor space of residential buildings sold went up by 5.3%.
- The normal new housing starts growth was observed in 2018 and 2019, however from 2018 the downturn was observed due to the over rise in housing prices and declining country’s GDP.The slow growth in the architectural coating consumption in 2020 due to lower new constructions in both residential cand commercial sector owing to the spread of covid-19 in the country was recovered in 2021 due to stronger completion and the rise in Do-it-yourself segment which got popularity in 2020.
- The increase in consumption and sales is expected to grow in forecasted period due to the government initiatives such as revoking filing and mandatory testing requirements of imported paint and coatings in the country from march, 2022 grows the confidence of coating companies in the positive future of architectural coating in the country.
China Architectural Coatings Industry Segmentation
Commercial, Residential are covered as segments by Sub End User. Solventborne, Waterborne are covered as segments by Technology. Acrylic, Alkyd, Epoxy, Polyester, Polyurethane are covered as segments by Resin.
| Sub End User | |
| Commercial | |
| Residential |
| Technology | |
| Solventborne | |
| Waterborne |
| Resin | |
| Acrylic | |
| Alkyd | |
| Epoxy | |
| Polyester | |
| Polyurethane | |
| Other Resin Types |
China Architectural Coatings Market Size Summary
The China Architectural Coatings Market is poised for significant growth, driven by the robust demand in the residential sector, which remains the largest end-user segment. This demand is fueled by ongoing investments in housing to support the country's vast population. The market is characterized by a strong preference for waterborne coatings, which dominate due to stringent VOC regulations implemented by the Chinese government. Acrylic resins are particularly prominent within this segment, benefiting from the growth of waterborne coatings. The market experienced a peak in consumption in 2017, followed by a downturn due to rising housing prices and a decline in GDP. However, recovery was observed in 2021, aided by the resurgence of the Do-it-yourself segment and government initiatives aimed at boosting market confidence.
The market landscape is fragmented, with major players like 3TREESGROUP, AkzoNobel N.V., CARPOLY, Nippon Paint Holdings Co., Ltd., and PPG Industries, Inc. holding a significant share. Strategic partnerships and acquisitions, such as Nippon Paint's collaboration with the Sichuan Academy of Construction Sciences and PPG's acquisition of Tikkurila, are indicative of efforts to enhance market presence and drive innovation. The removal of import paint and coating testing requirements in 2022 further supports market growth prospects, suggesting a positive outlook for the architectural coatings industry in China over the forecast period.
China Architectural Coatings Market Size - Table of Contents
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1. MARKET SEGMENTATION
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1.1 Sub End User
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1.1.1 Commercial
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1.1.2 Residential
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1.2 Technology
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1.2.1 Solventborne
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1.2.2 Waterborne
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1.3 Resin
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1.3.1 Acrylic
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1.3.2 Alkyd
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1.3.3 Epoxy
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1.3.4 Polyester
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1.3.5 Polyurethane
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1.3.6 Other Resin Types
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China Architectural Coatings Market Size FAQs
How big is the China Architectural Coatings Market?
The China Architectural Coatings Market size is expected to reach USD 27.12 billion in 2024 and grow at a CAGR of 4.77% to reach USD 32.68 billion by 2028.
What is the current China Architectural Coatings Market size?
In 2024, the China Architectural Coatings Market size is expected to reach USD 27.12 billion.
