About Building Coatings
The building coatings are functional coatings provided to the roof, wall, floor and other areas of the building, they perform some other special functions as well such as waterproofing, thermal insulation, sound insulation, fireproofing, etc. It can also be used as decorative coatings using decorative substrates like mineral, stones, wood, metals and other substrates. The various types of coating components are used as pigments, fillers, solvents, and binders for providing durability to the buildings along with certain other benefits.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Akzo Nobel N.V. (Netherlands), BASF SE (Germany), DAW SE - Innovative Coatings Systems (Germany), DuluxGroup Ltd. (Australia), Tor Coatings (United Kingdom), Beckers Group (Germany), Benjamin Moore & Co. (United States), ICP Group (United States), Kukdo Chemical Co. Ltd. (South Korea), SK Kaken Co., Ltd. (Japan) and DAI NIPPON TORYO Co., Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are VersaFlex Incorporated (United States), Nukote Coating Systems International (United States) and Rhino Linings Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Building Coatings market by Type (Metallic Coatings, Organic Coatings, Inorganic Coatings and Others), Application (Household Buildings, Corporate Buildings, Hospital Building and Others) and Region.
On the basis of geography, the market of Building Coatings 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). If we see Market by Coating Components, the sub-segment i.e. Pigments will boost the Building Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online will boost the Building Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Elements, the sub-segment i.e. Wall Coatings will boost the Building Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Substrates, the sub-segment i.e. Mineral, Stones will boost the Building Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Pigments and Paints as Decorative Building Coatings and The Emerging Technological Advancements in Building Coating Industry
Market Growth Drivers:
Rising Demand for Coatings to Prevents it from the Roof Leaks, it helps in Reduction of Energy Consumption and Provides Cooler Building Environment and The Demand for Coatings to Extend the Life of the Building whether Residential, Commercial or Industrial
Challenges:
Health Issues Associated with Building Coatings Due to Range of Quality of Coatings Available in the Market
Restraints:
Safety-Related Regulatory Compliance might Affect the Building Coating Market and Higher Cost Involved with Building Coatings
Opportunities:
The Growing Demand from Architectural Professionals for Building Coating will Boost the Market and Surging Demand for Building Coatings form Developing Countries
On 18th April 2019, BASF SE announced its partnership with Kikusui to promote the importance of architectural coatings to keep building durable and attractive. The activities were founded on the two companies' development of weather-resistant, acrylate-silicone dispersion coating for construction of houses and commercial buildings in Japan.
"The U.S. EPA regulates VOCs at the Federal level, which is the National Volatile Organic Compound Emission Standards For Consumer And Commercial Products. VOC controls for products are typically based on the application of products, such as architectural coatings, aerosol coatings, and others. Architectural Coatings are covered in 40 CFR 59 Subpart D, which contains definitions, labeling requirements, record keeping, reporting requirements, category limits and exceedance fees. As defined in the standard, an Architectural Coating is “a coating recommended for field application to stationary structures and their appurtenances, to portable buildings, to pavements, or to curbs.” This definition excludes adhesives and coatings recommended by the manufacturer or importer solely for shop applications, or solely for application to non-stationary structures, such as airplanes, ships, boats, and railcars."
Key Target Audience
Building Coatings Manufacturers, Building Coatings International Traders, Building Coatings Distributors and Suppliers, Research and Development Institutes, Upstream and Downstream Buyers, Potential Investors 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.