San Francisco, 7 January 2019: The Report Exterior Architectural Coating Market Analysis By Resin Type (Acrylic, Epoxy,
Polyester, Alkyd, Polyurethane), By Technology (Solventborne, Waterborne), By
Product (Primer, Emulsion, Enamel), By Application (Residential [New, Repaint],
Non-Residential [New, Repaint]) And Segment Forecasts To 2024
 |
| Exterior Architectural Coating Market |
The global exterior architectural coating market is expected to reach USD 39.04 billion by 2024, according
to a new report by Grand View Research, Inc. Functional superiorities including
weather and moisture resistance, better aesthetics and long lasting adhesion is
expected to fuel market growth over the next eight years. Furthermore, rising
government spending in Asian countries on infrastructure development will
augment industry expansion.
Growing demand for waterborne technology
over traditional coatings, as it is cheaper and eco-friendly, will drive market
growth. The introduction of green coatings coupled with the increasing usage of
nanocoatings will create immense opportunities for growth over the next eight
years.
Primer is expected to witness high revenue
gains at a CAGR of 6.4% from 2016 to 2024 as it acts as a protector and leveler
for other products including enamel and emulsions. The revenue generated by the
use of exterior architectural coatings in the non-residential sector was valued
at USD 8.20 billion in 2015 and is expected to witness rise on account of
growing FMCG, IT, telecom and retail sector in MEA and Asia Pacific. Moreover,
rapid industrialization, increasing FDI and government infrastructure spending
will promote market growth.
Access Research Report
of Exterior Architectural Coating Market @ www.grandviewresearch.com/industry-analysis/exterior-architectural-coating-market
Further key findings from the report suggest:
· The global demand for exterior
architectural coatings was 7.12 million tons in 2015 and is expected to show
high gains in light of rapid infrastructural development in India, Saudi
Arabia, Thailand, Indonesia and the U.S.
· Alkyd resin will witness high volume growth
at a CAGR of 5.3% from 2016 to 2024. Growing usage of alkyd resins in light of
their high durability and superior gloss is expected to stimulate industry
growth. Furthermore, rising consumption in outdoor applications owing to its
low cost along with high-temperature resistance will fuel its demand over the
forecast period.
· North America accounted for 22.6% of the
global volume share in 2015 and is expected to witness significant gains in
light of rising reconstruction activities in the U.S. coupled with
infrastructure development in Canada and Mexico. Furthermore, the
implementation of the National Infrastructure Program 2014 - 2018 (NIP) in
Mexico is expected to promote the product growth over the forecast period.
· Latin America is projected to witness
substantial revenue growth at a CAGR of 6.4% from 2016 to 2024 owing to the
presence of various participants including BASF, Sherwin-Williams, and
AkzoNobel. Increasing government efforts to offset Brazil’s housing deficit,
and provide low-interest rates for housing will stimulate product demand over
the forecast period.
· Exterior architectural coatings industry is
dominated by major participants including PPG Industries, Nippon Paint, BASF,
AkzoNobel, and Sherwin-Williams. Ongoing product innovation to produce
high-performance and cost-efficient waterborne coatings is expected to industry
expansion over the next eight years. For instance, in March 2015, BASF expanded
their color range and production capacity for Paliocrom products to cater to
the increasing demand for high-end effect pigments in coatings. BASF is
expected to widen the capacity by more than 20% by 2017 for Paliocrom effect
pigments.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the
global exterior architectural coating market on the basis of resin type,
technology, product, application, and region:
Global Exterior Architectural Coatings
Resin Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
·
Acrylic
·
Alkyd
·
Polyurethane
·
Polyester
·
Epoxy
·
Others
Global Exterior Architectural Coatings
Technology Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
·
Solventborne
·
Waterborne
Global Exterior Architectural Coatings
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
·
Primer
·
Enamel
·
Emulsion
·
Others
Global Exterior Architectural Coatings
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
·
Residential
·
Commercial
Global Exterior Architectural Coatings Regional Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of
Exterior Architectural Coating Market@ www.grandviewresearch.com/press-release/global-exterior-architectural-coating-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
