Market Size of russia architectural coatings Industry
Icons | Lable | Value |
---|---|---|
Study Period | 2016 - 2028 | |
Market Size (2024) | USD 2.79 Billion | |
Market Size (2028) | USD 3.41 Billion | |
Largest Share by Sub End User | Residential | |
CAGR (2024 - 2028) | 5.14 % | |
Fastest Growing by Sub End User | Residential | |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
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.
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 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 |
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.
Russia 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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Russia Architectural Coatings Market Size FAQs
How big is the Russia Architectural Coatings Market?
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.
What is the current Russia Architectural Coatings Market size?
In 2024, the Russia Architectural Coatings Market size is expected to reach USD 2.79 billion.