Global Exterior Architectural Coatings Market Size To Worth USD 53.96 Billion By 2033 | CAGR of 5.10%
Category: Advanced MaterialsGlobal Exterior Architectural Coatings Market Size To Worth USD 53.96 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Exterior Architectural Coatings Market Size is Expected to Grow from USD 32.80 Billion in 2023 to USD 53.96 Billion by 2033, Growing at a CAGR of 5.10% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 115 Market data tables and figures & charts from the report on the "Global Exterior Architectural Coatings Market Size, Share, and COVID-19 Impact Analysis, By Resin Type (Acrylic, Epoxy, Polyester, Alkyd, Polyurethane), By Technology (Solvent Borne, Waterborne), By Product (Primer, Emulsion, Enamel), By Application (Residential, Non-Residential), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/exterior-architectural-coatings-market
Exterior architectural coatings are protective and decorative materials applied to the exterior surfaces of buildings. Environmental conditions, aesthetics, energy efficiency, regulatory compliance, low maintenance, and technological advances all contribute to the demand for long-lasting exterior architectural paints. Several factors, including growing urbanization and building boom, drive the external architectural coatings industry, increasing demand for coatings in residential and commercial projects. However, the exterior architectural coatings market is hampered by various constraining factors, including volatility in raw material pricing which can increase production costs.
The acrylic segment is predicted to hold the largest market share through the forecast period.
Based on the resin type, the exterior architectural coatings market is classified into acrylic, epoxy, polyester, alkyd, and polyurethane. Among these, the acrylic segment is predicted to hold the largest market share through the forecast period. Acrylic coatings' superior durability, weather resistance, and versatility make them suited for a variety of applications, contributing to their segment domination.
The waterborne segment is anticipated to hold the highest market share during the projected timeframe.
Based on the technology, the exterior architectural coatings market is divided into solvent-borne and waterborne. Among these, the waterborne segment is anticipated to hold the highest market share during the projected timeframe. The waterborne segment is driven by increasing environmental rules favoring low-VOC products and a rising consumer preference for eco-friendly alternatives.
The emulsion segment is anticipated to hold the greatest share of the exterior architectural coatings market during the projected timeframe.
Based on the product, the exterior architectural coatings market is categorized into primer, emulsion, and enamel. Among these, the emulsion segment is anticipated to hold the greatest share of the exterior architectural coatings market during the projected timeframe. The sector domination can be attributed to the variety, simplicity of application, and environmental benefits of emulsions, which are frequently water-based and low in volatile organic compounds (VOCs).
The residential segment is estimated to grow at the fastest CAGR growth through the projected period.
Based on the application, the exterior architectural coatings market is categorized into residential, and non-residential. Among these, the residential segment is estimated to grow at the fastest CAGR growth through the projected period. Several factors are driving the rapid rise, including an increase in house renovations, a thriving housing market, and increased demand for environmentally friendly and visually beautiful solutions.
Asia Pacific is estimated to hold the largest share of the exterior architectural coatings market over the forecast period.
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Asia Pacific is estimated to hold the largest share of the exterior architectural coatings market over the forecast period. The region's prominence is fueled by increased urbanization, increasing infrastructural development, and rising disposable incomes, which feed demand for residential and commercial construction.
North America is predicted to have the highest CAGR growth in the exterior architectural coatings market over the forecast period. Several factors have contributed to its rapid growth, including a recovery in residential and commercial buildings, greater investment in remodeling projects, and a strong emphasis on sustainability.
Major key players in the exterior architectural coatings market include BASF Coatings GmbH, PPG Industries Inc., AkzoNobel N.V, Kelly-Moore Paint Company, Inc., The Sherwin-William Company, The Valspar Corporation, Nippon Paint, RPM International Inc., Kansai Paint Co., Ltd., Asian Paints Ltd, and Others.
Recent Developments
- In September 2024, Engineered Polymer Solutions (EPS) launched a new all-acrylic polymer for enhanced flat-to-semi-gloss interior and outdoor architectural treatments.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the exterior architectural coatings market based on the below-mentioned segments:
Global Exterior Architectural Coatings Market, By Resin Type
- Acrylic
- Epoxy
- Polyester
- Alkyd
- Polyurethane
Global Exterior Architectural Coatings Market, By Technology
- Solvent Borne
- Waterborne
Global Exterior Architectural Coatings Market, By Product
- Primer
- Emulsion
- Enamel
Global Exterior Architectural Coatings Market, By Application
- Residential
- Non-Residential
Global Exterior Architectural Coatings Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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