“This final rule is based on the Administrator’s determination that VOC emissions from the use of architectural coatings have the potential to cause or contribute to ozone levels that violate the national ambient air quality standards (NAAQS) for ozone. The final rule is estimated to reduce VOC emissions by 103,000 megagrams per year (Mg/yr) (113,500 tons per year [tpy]) by requiring manufacturers and importers to limit the VOC content of architectural coatings.”
The article cited AMA's "Global Architectural Paints Coatings Market Study" explored substantial growth in North America and CAGR of 6.0%. According to the report, Growing Need of LEED Certified Construction Materials Due To Rising Green Building Construction
is one of the primary growth factors for the market. Increase Demand for High Durability and Eco-Friendly Coating
is also expected to contribute significantly to the Architectural Paints Coatings market. Overall, DIY
applications of Architectural Paints Coatings, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Function, such as Ceramics, is boosting the Architectural Paints Coatings market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Coating Type, such as Interior, is boosting the Architectural Paints Coatings market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Technology, such as Waterborne, is boosting the Architectural Paints Coatings market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Resin Type, such as Acrylic, is boosting the Architectural Paints Coatings market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as Residential, is boosting the Architectural Paints Coatings market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Architectural Paints Coatings market identified that the demand is rising in many different parts of the world as "Development of Niche Application Segments Including Restoration of Frescos and Sculptures in Heritage Sites
". Furthermore, some recent industry insights like "On 22nd July 2019, PPG has acquired Dexmet Corporation, a manufacturer of specialty materials for surfaces in aerospace, automotive and industrial applications. The company is a leader in several critical application areas, including aircraft lightning strike protection." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Architectural Paints Coatings market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Architectural Paints Coatings market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Architectural Paints Coatings market size is calculated using market estimation process, the Architectural Paints Coatings market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Architectural Paints Coatings market size has been validated using both top-down and bottom-up approaches.