Spain Architectural Coatings Market Size

The Spain Architectural Coatings Market is projected to experience growth over the forecast period, driven by the residential construction sector's expansion. The market's composition is influenced by the increasing adoption of waterborne technology, spurred by VOC regulations and eco-label marketing, which contribute to its significant market share. Acrylic resin stands out due to its technological benefits and low VOC emissions, making it a preferred choice for exterior building applications.

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Market Size of spain architectural coatings Industry

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Spain Architectural Coatings Market Summary
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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 731.04 Million
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2028) USD 848.02 Million
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) 3.78 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Sub End User Residential

Major Players

Spain Architectural Coatings Market Major Players Spain Architectural Coatings Market Major Players Spain Architectural Coatings Market Major Players Spain Architectural Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Spain Architectural Coatings Market Analysis

The Spain Architectural Coatings Market size is estimated at USD 731.04 million in 2024, and is expected to reach USD 848.02 million by 2028, growing at a CAGR of 3.78% during the forecast period (2024-2028).

  • Largest Segment by End-user - Residential : The steady growth in the residential construction sector, accompanied by lower growth in the commercial sector, fuels the consumption in the residential segment.
  • Largest Segment by Technology - Waterborne : The growing adoption of VOC regulations by architectural coating manufacturers and marketing with eco-labels help waterborne coatings gain a significant market share.
  • Largest Segment by Resin - Acrylic : Acrylic is a leading type of resin due to its technological advantages, low VOC emissions in the architectural segment, and preference to coat the exterior wall of buildings.
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 Spain Architectural Coatings Market according to our research experts:

Residential is the largest segment by Sub End User.

  • The architectural coating consumption in Spain peaked in 2017 with an increment of 7.3% Y-o-Y due to the long-time recovery since 2013 and increased rehabilitation work in 2017. However, the repaint segment, which accounts for the major part of architectural coatings, declined due to lower restoration permits in 2018 and 2019.
  • The slow growth in the architectural coating consumption was observed in 2020 due to lower new constructions in both residential and commercial sectors due to the spread of COVID-19. However, the decline in new construction was countered by the growth in the do-it-yourself (DIY) segment in the residential sector in 2020.
  • The coating consumption recovered in 2021 due to a rebound in both residential and commercial sectors. The growing confidence of coating companies in the positive future of architectural coatings may fuel the demand over the coming years.
Spain Architectural Coatings Market : Residential is the largest segment by Sub End User.

Spain 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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Spain Architectural Coatings Market Size Summary

The Spain Architectural Coatings Market is experiencing a steady expansion, driven primarily by the residential construction sector. This growth is supported by the increasing adoption of waterborne technologies, which are gaining traction due to their compliance with VOC regulations and eco-friendly attributes. Acrylic resins are particularly favored in this market, attributed to their technological benefits and low VOC emissions, making them ideal for exterior wall applications. The market has seen fluctuations in consumption, with a peak in 2017 due to recovery efforts and increased rehabilitation work. However, subsequent years witnessed a decline in the repaint segment due to fewer restoration permits and a slowdown in new constructions, exacerbated by the COVID-19 pandemic. Despite these challenges, the DIY segment in the residential sector provided a counterbalance, and the market rebounded in 2021 as confidence in future growth strengthened.

The market landscape in Spain is fairly consolidated, with a few key players dominating the scene. Companies such as AkzoNobel N.V., CIN, S.A., DAW SE, Nippon Paint Holdings Co., Ltd., and PPG Industries, Inc. hold significant market shares. Recent strategic moves by these companies, including product launches and capacity expansions, aim to enhance their market positions and focus on sustainable manufacturing practices. Notably, the acquisition of Cromology by Nippon Paint Group is expected to bolster growth across several European markets, including Spain. These developments indicate a robust competitive environment, with major players actively seeking to expand their influence and cater to the evolving demands of the architectural coatings market in Spain.

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Spain 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

Spain Architectural Coatings Market Size FAQs

The Spain Architectural Coatings Market size is expected to reach USD 731.04 million in 2024 and grow at a CAGR of 3.78% to reach USD 848.02 million by 2028.

In 2024, the Spain Architectural Coatings Market size is expected to reach USD 731.04 million.

Spain Architectural Coatings Report Snapshots

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