Market Size of Facade Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Facade Coatings Market Analysis
The market for facade coatings is expected to register a CAGR of more than 7% during the forecast period.
The COVID-19 pandemic severely impacted the construction industry due to the temporary lockdowns and disruptions in manufacturing activities, thus negatively affecting the market. However, since 2021, conditions began improving, resuming the market's growth trajectory for the projection period.
- The major factors driving the market studied are the increasing demand from growing residential construction activities and the growing demand for repair in the construction sector.
- On the contrary, the corrosion problems and the leakage issues faced after the coatings will likely hinder the market growth.
- Nevertheless, technological innovations that would lead to the development of energy-saving facade materials may act as an opportunity for the market's future.
- The Asia-Pacific region dominated the global market with the largest consumption in countries such as India, China, and others.
Facade Coatings Industry Segmentation
A facade is generally the front part of a building of any type that is visible to people from the outside. Facade coatings are the type of coatings that are done on the outside of the walls in order to protect the structure of the walls along with providing an aesthetic design.
The Facade Coatings Market is segmented by resin type, end-user, and Geography. By resin type, the market is segmented into silicone, epoxy, acrylic, polyurethane, and other types. By end-user, the market is segmented into residential, industrial, and commercial. The report also covers the market size and forecasts for the facade coatings market in 15 countries across major regions. For each segment, market sizing and forecasts have been done based on revenue (USD million).
| Resin Type | |
| Silicone | |
| Epoxy | |
| Acrylic | |
| Polyurethane | |
| Others |
| End-User | |
| Residential | |
| Industrial | |
| Commercial |
| Geography | |||||||
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Facade Coatings Market Size Summary
The facade coatings market is poised for significant growth, driven by increasing demand from the residential construction sector and the need for repairs in existing structures. Despite the initial setbacks caused by the COVID-19 pandemic, which disrupted manufacturing and construction activities, the market has shown resilience and is expected to continue its upward trajectory. The Asia-Pacific region leads the market, with countries like India and China experiencing substantial growth due to rapid urbanization and a burgeoning middle-class population. This region's dominance is further supported by government initiatives aimed at expanding affordable housing, which in turn boosts the demand for facade coatings.
However, the market faces challenges such as corrosion and leakage issues post-application, which could impede growth. Nonetheless, technological advancements in energy-saving facade materials present promising opportunities for future market expansion. The market is characterized by a few major players, including A&I Coatings, PPG Industries Inc., The Sherwin-Williams Company, Axalta Coating Systems, and Sika AG, who hold a significant share. As the demand for sustainable and high-efficiency constructions rises, particularly in regions like the United States and Europe, the facade coatings market is expected to benefit from increased investments in both new construction and home improvements.
Facade Coatings Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand From Growing Residential Construction Activities
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1.1.2 Growing Demand From Repairment in Construction sector
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1.2 Restraints
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1.2.1 Corrosion Problems and Leakage Issues Faced After Coating
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Regulatory Policies
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Resin Type
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2.1.1 Silicone
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2.1.2 Epoxy
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2.1.3 Acrylic
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2.1.4 Polyurethane
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2.1.5 Others
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2.2 End-User
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2.2.1 Residential
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2.2.2 Industrial
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2.2.3 Commercial
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Facade Coatings Market Size FAQs
What is the current Facade Coatings Market size?
The Facade Coatings Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Facade Coatings Market?
A&I Coatings, Axalta Coating Systems, PPG Industries Inc, The Sherwin-Williams Company and Sika AG are the major companies operating in the Facade Coatings Market.
