United Kingdom Architectural Coatings Market Size, Share, and COVID-19 Impact Analysis, By Resin (Acrylic, Alkyd, Epoxy, Polyester, Polyurethane, and Others), By Technology (Solventborne and Waterborne), By End User (Commercial and Residential), and United Kingdom Architectural Coatings Market Insights, Industry Trend, Forecasts to 2033
Industry: Chemicals & MaterialsUnited Kingdom Architectural Coatings Market Insights Forecasts to 2033
- The U.K. Architectural Coatings Market Size was valued at USD 1.95 Billion in 2023.
- The Market is growing at a CAGR of 2.84% from 2023 to 2033
- The U.K. Architectural Coatings Market Size is expected to reach USD 2.58 Billion by 2033
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The United Kingdom Architectural Coatings Market is anticipated to exceed USD 2.58 Billion by 2033, growing at a CAGR of 2.84% from 2023 to 2033. The growing construction industry and surge in technological advancements are driving the growth of the architectural coatings market in the UK.
Market Overview
Architectural coatings refer to the various types of coatings used on homes and structures, such as paints, powders, and others. The majority of architectural coatings, such as floor coatings, roof coatings, and interior and exterior wall painting, are specifically made for one use in consideration. The main purpose of these coatings is to offer decorative, durable, and protective qualities. Recent market trends for architectural coatings indicate that businesses in the field are making large investments in R&D activities to create premium architectural coatings with distinctive compositions, like architectural metal coatings and architectural powder coatings. Furthermore, there is a growing emphasis on developing environmentally friendly products for lesser emissions and carbon footprint reduction by architectural coatings manufacturing companies. The adoption of green coatings and investments in developing nations will also likely present prospects for the architectural coatings industry is expected to drive the market expansion.
Report Coverage
This research report categorizes the market for the UK architectural coatings market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom architectural coatings market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the UK architectural coatings market.
United Kingdom Architectural Coatings Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 1.95 Billion |
Forecast Period: | 2023 - 2033 |
Forecast Period CAGR 2023 - 2033 : | 2.84% |
2033 Value Projection: | USD 2.58 Billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 254 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Resin, By Technology, By End User |
Companies covered:: | Bailey Paints, AkzoNobel N.V., Beckers Group, DAW SE, DGH Manufacturing Ltd (Andura Coatings), Bedec Products Ltd, GLIXTONE, PPG Industries, Inc., The Sherwin-Williams Company, Jotun, Hempel A/S, RPM International Inc., SACAL INTERNATIONAL GROUP LTD, and Others |
Pitfalls & Challenges: | Covid 19 Impact Challanges, Future, Growth and Analysis |
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Driving Factors
With 3.1 million workers or more than 9% of the workforce, the construction industry is one of the largest sectors in the UK economy. The increased construction industry in the UK is significantly responsible for driving market growth. Further, the surge in technological advancements and the development of innovative products are propelling market growth. For instance, HMG Paints, a Manchester-based paint manufacturer and the most significant independent painter in the UK has introduced a novel floor paint that mixes crosslinking technology with a water-based composition.
Restraining Factors
The environmental concerns could pose a greater threat to the market expansion for architectural coatings.
Market Segmentation
The United Kingdom Architectural Coatings Market share is classified into resin, technology, and end user.
- The acrylic segment is expected to grow at a rapid pace during the forecast period.
The United Kingdom architectural coatings market is segmented by resin into acrylic, alkyd, epoxy, polyester, polyurethane, and others. Among these, the acrylic segment is expected to grow at a rapid pace during the forecast period. Since the UK left the European Union, acrylic coatings have become popular due to their reduced cost compared to solvent-based coatings and their low volatile organic compound (VOC) emissions. The growing need for specialized and eco-friendly coatings solutions is driving the market growth.
- The waterborne segment dominates the UK architectural coatings market during the forecast period.
Based on the technology, the U.K. architectural coatings market is divided into solventborne and waterborne. Among these, the waterborne segment dominates the UK architectural coatings market during the forecast period. Waterborne coatings are coatings that are prepared to contain a large amount of water in the volatiles. The stringent VOC rules, rising awareness of LEED-certified buildings, and low-VOC, environmentally friendly waterborne coatings are influencing the market growth.
- The residential segment is predicted to witness the fastest growth over the forecast period.
Based on the end user, the U.K. architectural coatings market is divided into commercial and residential. Among these, the residential segment is predicted to witness the fastest growth over the forecast period. Architectural coatings exist in various categories, such as waterproof coatings for the exterior, interior, ceiling, floor, and roof of structures. The country's growing housing stock and robust sales in the do-it-yourself (DIY) and repaint categories are driving the market.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the U.K. architectural coatings market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Bailey Paints
- AkzoNobel N.V.
- Beckers Group
- DAW SE
- DGH Manufacturing Ltd (Andura Coatings)
- Bedec Products Ltd
- GLIXTONE
- PPG Industries, Inc.
- The Sherwin-Williams Company
- Jotun
- Hempel A/S
- RPM International Inc.
- SACAL INTERNATIONAL GROUP LTD
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In September 2021, World-leading coatings company Hempel welcomed over 200 guests to the inauguration of its new Campus, which features a newly constructed office building and a state-of-the-art R&D facility.
Market Segment
This study forecasts revenue at U.K., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Architectural Coatings Market based on the below-mentioned segments:
UK Architectural Coatings Market, By Resin
- Acrylic
- Alkyd
- Epoxy
- Polyester
- Polyurethane
- Others
UK Architectural Coatings Market, By Technology
- Solventborne
- Waterborne
UK Architectural Coatings Market, By End User
- Commercial
- Residential
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