What is Architectural Finishes Market?
Architectural finishes are architectural films designed to mimic the aesthetics of natural and other materials. These films adhere to most surfaces varying from glass windows and doors, to the exterior and interior concrete walls of the building. These films help to transform the look and feel of any area. The customers can select the warmth of wood grain, the slick feel of metal, or even a cool, natural stone or marble.
The market study is being classified by Type (Stained Glass Finish, Pebbles Finish, Flakes Finish, Coral Finish, Canfor Finish, Tile Cladding, Wood Panelling, Sand Textured Finish and Other), by Application (Residential (New construction and Remodel and Repair) and Non-Residential) and major geographies with country level break-up.
3M (United States), 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), Masco Corporation (United States) and Jotun Group (Norway) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are RPM International Inc. (United States).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Architectural Finishes market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Architectural Finishes market by Type, Application and Region.
On the basis of geography, the market of Architectural Finishes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Produce less waste and require less labor. It can be applied to virtually any surfaces such as doors, walls, elevators, ceilings, columns and others. This is driving the architectural finishes market.
Market Trend
- High demand for eco-friendly products. Consumer demand is shifting towards nature-friendly products that cause no damage to the surrounding.
Restraints
- Fluctuations in the raw material prices restraining the growth of the market. The prices of the raw material are depending on the market conditions that affect the total production cost of the product.
Opportunities
- The growing construction industry in developing regions opens new opportunities for the architectural finishes market. Increasing the population in these regions and increased per capita income helps to boost the construction industry.
Challenges
- Stringent rules and regulations of the product approval and demand for more profitable products are the challenges for architectural finishes market.
Market Leaders and some development strategies
On 13th February 2019, 3M launched new architectural finishes collection in keeping with the latest design trends, each of the new films features an advanced ultra-matte top coating, designed and produced at the 3M Research and Design Centre in Japan.
Key Target Audience
Architectural Finishes Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user