How big is the Thailand Architectural Coatings Market?

The Thailand Architectural Coatings Market size is expected to reach USD 718.13 million in 2024 and grow at a CAGR of 1.27% to reach USD 755.41 million by 2028. Read More

What is the current Thailand Architectural Coatings Market size?

In 2024, the Thailand Architectural Coatings Market size is expected to reach USD 718.13 million. Read More

Who are the key players in Thailand Architectural Coatings Market?

AkzoNobel N.V., Guangdong Maydos building materials limited company, Jotun, Nippon Paint Holdings Co., Ltd. and TOA Paint Public Company Limited. are the major companies operating in the Thailand Architectural Coatings Market. Read More

Which segment has the biggest share in the Thailand Architectural Coatings Market?

In the Thailand Architectural Coatings Market, the Residential segment accounts for the largest share by sub end user. Read More

Which is the fastest growing segment in the Thailand Architectural Coatings Market?

In 2024, the Residential segment accounts for the fastest growing by sub end user in the Thailand Architectural Coatings Market. Read More

What years does this Thailand Architectural Coatings Market cover, and what was the market size in 2023?

In 2023, the Thailand Architectural Coatings Market size was estimated at USD 707.59 million. The report covers the Thailand Architectural Coatings Market historical market size for years: 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Thailand Architectural Coatings Market size for years: 2024, 2025, 2026, 2027 and 2028. Read More

Thailand Architectural Coatings Market Trends

Statistics for the 2023 & 2024 Thailand Architectural Coatings market trends, created by Mordor Intelligence™ Industry Reports. Thailand Architectural Coatings trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of thailand architectural coatings Industry

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

Residential is the largest segment by Sub End User.

The growth rate of architectural coatings in Thailand has been observing decline in growth rates since 2016, the country observed the sharpest decline in total coatings consumption in 2020, as commercial sector declined. Though total growth registered in 2020 was not so drastic due to sales increase from the DIY segment, influenced by COVID enhanced home improvement activity.
The regions residential sector held the highest share, which hoovers around 69%. This has enabled the total architectural paint and coatings consumption to witness a CAGR of -0.14% in the period 2016-2021, even as commercial sector observed drastic negative growth rate years in the said period.
The commercial sector's share in the region of Singapore, is expected to decrease during the forecast period, as the region is largely an agrarian economy with reliance on imports. Hence housing or residential sector takes the center stage, the overall architectural paints and coatings market is expected to continue at CAGR of 0.85% between the period 2022-2028.