About Exterior Architectural Coating
The exterior architectural coating is applied to stationary structures and their appurtenances. Exterior architectural coating is commonly used for coating exterior building materials including wood, fiber cement, composites, stucco or render, among others. The coating helps to protect the building from UV and radiations, moisture, extreme temperature, and microbes. Growing demand for exterior architectural coating from the residential sector is driving the market growth over the globe. Exterior architectural coating fluctuates with substrate base material, climate, type of construction, and price-point.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Global Exterior Architectural Coating is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (United States), PPG Industries, Inc. (United States), Nippon Paint Holdings Co., Ltd. (Japan), Dow Chemical Company (United States), Axalta Coating Systems (United States), Kansai Paint (Japan), Akzo Nobel N.V. (Netherlands), Benjamin Moore & Co. (United States), DAW SE (Germany) and Diamond Vogel (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sherwin-Williams (United States), Valspar (United States) and Jotun (Norway).
Segmentation Overview
AMA Research has segmented the market of Global Exterior Architectural Coating market by Type (Organic, Inorganic and Organic-Inorganic), Application (Exterior Wall, Interior Wall, Ceiling, Flor and Roof Waterproof Coatings and Others) and Region.
On the basis of geography, the market of Exterior Architectural Coating has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by End-Use Verticals, the sub-segment i.e. Residential will boost the Exterior Architectural Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Solvent-borne will boost the Exterior Architectural Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Exterior Architectural Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Consumer Preference towards Long Lasting, Anti-Scuff, and Anti-Slip Paints.
Market Growth Drivers:
Rising Industrialization across the Globe and Increasing Applications of Exterior Architectural Coating in Construction Sector
Challenges:
Stringent Environmental Regulations on the Use and Production of Exterior Architectural Coating
Restraints:
Problems with the Application of Coatings like too much Flow, Brush Marks, etc.
Opportunities:
Rising Government Spending on Construction Activities in Developing Countries can create Opportunities for Market Growth
Market Leaders and their expansionary development strategies
In November 2023, A coating research institute partnered with universities to develop self-healing and crack-resistant exterior coatings, extending the lifespan of buildings.
In October 2023, Sherwin-Williams launched its "Emerald Rainshield" coating, offering superior water repellency and stain resistance for long-lasting exterior protection.
According to Environmental Protection Industry, “The coatings should be limited Volatile Organic Compound. Each coating packing should be labeled with the ingredients and others.
Key Target Audience
Exterior Architectural Coating Manufacturers, Exterior Architectural Coating Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.