Russia Architectural Coatings Market Size

The Russia Architectural Coatings Market is projected to experience growth over the forecast period, with the market size expanding significantly. The market's expansion is driven by the increasing adoption of waterborne coatings, despite Russia's relatively low share in this segment compared to Europe due to less stringent regulations. The acrylic resin segment is particularly notable, as it represents the largest and fastest-growing category within the market, largely attributed to the rise of waterborne coatings.

Market Size of russia architectural coatings Industry

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Russia Architectural Coatings Market
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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2016 - 2028
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 2.79 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2028) USD 3.41 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Sub End User Residential
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2028) 5.14 %
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Sub End User Residential

Major Players

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*Disclaimer: Major Players sorted in no particular order

Key Players

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Russia Architectural Coatings Market Analysis

The Russia Architectural Coatings Market size is estimated at USD 2.79 billion in 2024, and is expected to reach USD 3.41 billion by 2028, growing at a CAGR of 5.14% during the forecast period (2024-2028).

  • Largest Segment by Technology - Waterborne : Russia holds a relatively low share of waterborne coatings in Europe due to the absence of strict regulations. However, the segment observed high growth post-2014.
  • 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.
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.

This section covers the major market trends shaping the Russia Architectural Coatings Market according to our research experts:

Residential is the largest segment by Sub End User.

  • The growth rate of the Russian architectural paint industry slightly declined between 2016-2018 before picking up in 2019, owing to the growth in the recovery of new residential and commercial constructions.
  • The share of the commercial sector's paint consumption declined due to the sector’s slow growth rate compared to the residential sector. The slow growth is due to a faster decline in the deployment of the new commercial floor areas when compared with their residential counterpart.
  • The commercial market share has also been badly hit by the contraction of commercial paints consumed in 2020 and in 2022 due to a decline in commercial paint consumed, along with a decline in repainting activities in the sector. This decline is due to a supply chain shock as a result of the pandemic in 2020 and the war in Ukraine in 2022.
Russia Architectural Coatings Market

Russia 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
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Russia Architectural Coatings Market Size Summary

The Russia Architectural Coatings Market is experiencing a steady expansion, driven by the recovery in residential and commercial construction activities. The market is characterized by a fragmented landscape, with major players like ABC Farben, AkzoNobel N.V., DAW SE, PPG Industries, Inc., and –ö–æ–º–ø–∞–Ω–∏—è –†—É—Å—Å–∫–∏–µ –ö—Ä–∞—Å–∫–∏ holding significant shares. The market's growth trajectory was impacted by a temporary decline in the commercial sector, attributed to reduced demand for commercial paints and repainting activities, a situation exacerbated by supply chain disruptions from the pandemic and geopolitical tensions. Despite these challenges, the market is poised for growth, with waterborne coatings, particularly acrylic resins, leading the charge due to their increasing adoption.

The architectural coatings sector in Russia is witnessing a shift towards waterborne technologies, although the country's share in this segment remains relatively low compared to Europe, primarily due to less stringent regulatory frameworks. The acrylic resin segment is the largest and fastest-growing, benefiting from the broader acceptance of waterborne coatings. The market dynamics are influenced by the contrasting growth rates in residential and commercial sectors, with the former showing more resilience. The introduction of innovative products, such as Hammerite Ultima, and strategic expansions, like the increased powder coating capacity in Italy, underscore the industry's focus on enhancing product offerings and adopting greener manufacturing practices.

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Russia Architectural Coatings Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION

    1. 1.1 Sub End User

      1. 1.1.1 Commercial

      2. 1.1.2 Residential

    2. 1.2 Technology

      1. 1.2.1 Solventborne

      2. 1.2.2 Waterborne

    3. 1.3 Resin

      1. 1.3.1 Acrylic

      2. 1.3.2 Alkyd

      3. 1.3.3 Epoxy

      4. 1.3.4 Polyester

      5. 1.3.5 Polyurethane

      6. 1.3.6 Other Resin Types

Russia Architectural Coatings Market Size FAQs

The Russia Architectural Coatings Market size is expected to reach USD 2.79 billion in 2024 and grow at a CAGR of 5.14% to reach USD 3.41 billion by 2028.

In 2024, the Russia Architectural Coatings Market size is expected to reach USD 2.79 billion.

Russia Architectural Coatings Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028