Industry Background:
Architectural coating refers to the paint and other coating used to coat building and homes. The term architectural coatings cover a wide range of different coatings like varnishes, primers, paints, sealers, ceramics, inks and several others. These products are usually designated for a specific purpose such as roof coatings, deck finishes or wall paints. As these are applied on the interior and exterior walls, ceilings of buildings and floor, architectural coatings would resist them from moisture, heat, chemicals changing weather and similar others.
This growth is primarily driven by Rising Demand From the Construction Industry, Durable Coatings With Better Performance and Aesthetics and Environmentally-Friendly Coating Systems.
Globally, a noticeable market trend is evident Development and Innovation made in Architectural Coating. Major Vendors, such as PPG Industries, Inc. (United States), Akzo Nobel N.V. (Netherlands), The Sherwin-Williams Company (United States), Kansai Paints Co., Ltd. (Japan), Asian Paints Limited (India), Nippon Paint Holdings Co., Ltd. (Japan), BASF SE (Germany) and Masco Corporation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2017, Sherwin-Williams Co. completed the acquisition of the Valspar Corp., a Minneapolis-based global paints & coatings company, for about USD 11.3 billion.
Market Drivers
- Rising Demand From the Construction Industry
- Durable Coatings With Better Performance and Aesthetics
- Environmentally-Friendly Coating Systems
Market Trend
- Development and Innovation made in Architectural Coating
Restraints
- Stringent Government Rules and Regulation against the Harmful VOCs Emitted by Certain Architectural Coatings
Opportunities
Opportunities in Less Regulated Regions
Challenges
Survival of New Players and Entrants
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Architectural Coating Study Sheds Light on
The Architectural Coating Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Architectural Coating industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Architectural Coating industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.