The global exterior architectural coating market is expected to reach USD 39.04 billion by 2024, according to a new report by Grand View Research, Inc. Functional superiorities including weather and moisture resistance, better aesthetics and long lasting adhesion is expected to fuel market growth over the next eight years. Furthermore, rising government spending in Asian countries on infrastructure development will augment industry expansion.
Key findings from the Exterior Architectural Coating Market report:
- The global demand for exterior architectural coatings was 7.12 million tons in 2015 and is expected to show high gains in light of rapid infrastructural development in India, Saudi Arabia, Thailand, Indonesia and the U.S.
- Alkyd resin will witness high volume growth at a CAGR of 5.3% from 2016 to 2024. Growing usage of alkyd resins in light of their high durability and superior gloss is expected to stimulate industry growth. Furthermore, rising consumption in outdoor applications owing to its low cost along with high-temperature resistance will fuel its demand over the forecast period.
- North America accounted for 22.6% of the global volume share in 2015 and is expected to witness significant gains in light of rising reconstruction activities in the U.S. coupled with infrastructure development in Canada and Mexico. Furthermore, the implementation of the National Infrastructure Program 2014 - 2018 (NIP) in Mexico is expected to promote the product growth over the forecast period.
- Latin America is projected to witness substantial revenue growth at a CAGR of 6.4% from 2016 to 2024 owing to the presence of various participants including BASF, Sherwin-Williams, and AkzoNobel. Increasing government efforts to offset Brazil’s housing deficit, and provide low-interest rates for housing will stimulate product demand over the forecast period.
- Exterior architectural coatings industry is dominated by major participants including PPG Industries, Nippon Paint, BASF, AkzoNobel, and Sherwin-Williams. Ongoing product innovation to produce high-performance and cost-efficient waterborne coatings is expected to industry expansion over the next eight years. For instance, in March 2015, BASF expanded their color range and production capacity for Paliocrom products to cater to the increasing demand for high-end effect pigments in coatings. BASF is expected to widen the capacity by more than 20% by 2017 for Paliocrom effect pigments.
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Growing demand for waterborne technology over traditional coatings, as it is cheaper and eco-friendly, will drive market growth. The introduction of green coatings coupled with the increasing usage of nanocoatings will create immense opportunities for growth over the next eight years.
Primer is expected to witness high revenue gains at a CAGR of 6.4% from 2016 to 2024 as it acts as a protector and leveler for other products including enamel and emulsions. The revenue generated by the use of exterior architectural coatings in the non-residential sector was valued at USD 8.20 billion in 2015 and is expected to witness rise on account of growing FMCG, IT, telecom and retail sector in MEA and Asia Pacific. Moreover, rapid industrialization, increasing FDI and government infrastructure spending will promote market growth.
Some of the common types are:
- Water-based coating: This technology uses water as the main solvent and has low volatile organic compounds (VOCs) emissions. It is suitable for applications that require high durability, weather resistance, and environmental friendliness.
- Solvent-based coating: This technology uses organic solvents as the main solvent and has high VOCs emissions. It is suitable for applications that require fast drying, high gloss, and strong adhesion.
- Powder coating: This technology uses dry powder as the coating material and does not require any solvent. It is suitable for applications that require high performance, corrosion resistance, and low maintenance.
- Acrylic coating: This product is made of acrylic resin and has good color retention, flexibility, and UV resistance. It is suitable for applications that require aesthetic appeal, versatility, and cost-effectiveness.
- Alkyd coating: This product is made of alkyd resin and has good gloss, hardness, and water resistance. It is suitable for applications that require traditional look, easy application, and low cost.
Resin Type Segment Analysis
Acrylic was the largest resin type, owing to its excellent properties including high UV resistance, improved flow, stain resistance, superior aesthetics, durability, weather ability, performance, and low cost. Increasing demand for acrylic resins in waterborne coatings on account of superior gloss retention, excellent durability along with high performance will stimulate industry growth.
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Emulsions expected to show high growth due to its water-based formulations and low emissions. Moreover, properties including quick drying, reduced toxicity, low cost, and an easier application will drive the demand. The presence of strict regulations for the reduction of volatile organic compounds (VOCs) content in paints will fuel the waterborne technology demand. Furthermore, properties including accurate mixing, easier blending, superior metallic control, higher opacity, easier application, and cleaning will drive market growth. Residential architectural coating in residential applications is expected to witness significant growth. Strong economic growth, rising disposable income, high living standards coupled with rapid urbanizations is expected to drive the product demand.
Major Companies In the Exterior Architectural Coating Market
- BASF
- PPG Industries
- Nippon Paint
- AkzoNobel
- Benjamin Moore
- DAW SE
- Cromology
- Diamond Vogel
- Dow Chemical Company
- Axalta Coating Systems
- Kansai Paint
- Sherwin-Williams
- Arkema SA
- Berger Paints
Segmented the global exterior architectural coating market on the basis of resin type, technology, product, application, and region
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Table of Contents
Chapter 1 Methodology And Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
1.4 List of Abbreviations
Chapter 2 Executive Summary
Chapter 3 Market Summary
Chapter 4 Market Variables, Trends & Scope
4.1 Market segmentation & scope
4.2 Penetration & growth prospect mapping
4.3 Value chain analysis
4.4 Raw material outlook
4.4.1 Acrylic resin
4.4.2 Epoxy resin
4.4.3 Alkyd resin
4.4.4 Polyurethane
4.4.5 Pigment
4.4.6 Additives
4.4.7 Titanium dioxide
4.4.8 Solvent
4.5 Technology overview
4.6 Regulatory Framework
4.6.1 EU Directive
4.6.2 UK
4.6.3 Netherlands
4.6.4 U.S.
4.6.5 REACH and OSHA
4.7 Exterior architectural coating market dynamics
4.7.1 Market Driver Analysis
4.7.1.1 Revival and growth of the construction industry
4.7.1.2 Infrastructural development in Asia Pacific
4.7.1.3 Development of smart cities in India
4.7.1.3.1 List of smart cities selected in first round
4.7.1.4 Rising government spending, FDI and PPP projects
4.7.1.5 Positive outlook towards waterborne coatings
4.7.1.5.1 Comparative analysis
4.7.2 Market restraint analysis
4.7.2.1 Fluctuating raw material prices
4.7.2.2 Foam formation
4.8 Exterior architectural coating market Porter’s analysis
4.9 Exterior architectural coatings - PESTEL Analysis
Chapter 5 Market Categorization 1: Resin Type Estimates & Trend Analysis
5.1 Resin Type Movement Analysis & Market Share, 2015 & 2024
5.2 Alkyd
5.2.1 Market estimates and forecasts, 2013 - 2024 (Kilo Tons) (USD Million)
5.2.2 Market estimates and forecasts, by region, 2013 - 2024 (Kilo Tons) (USD Million)
5.3 Acrylic
5.3.1 Market estimates and forecasts, 2013 - 2024 (Kilo Tons) (USD Million)
5.3.2 Market estimates and forecasts, by region, 2013 - 2024 (Kilo Tons) (USD Million)
5.4 Polyurethane
5.4.1 Market estimates and forecasts, 2013 - 2024 (Kilo Tons) (USD Million)
5.4.2 Market estimates and forecasts, by region, 2013 - 2024 (Kilo Tons) (USD Million)
5.5 Epoxy
5.5.1 Market estimates and forecasts, 2013 - 2024 (Kilo Tons) (USD Million)
5.5.2 Market estimates and forecasts, by region, 2013 - 2024 (Kilo Tons) (USD Million)
5.6 Polyester
5.6.1 Market estimates and forecasts, 2013 - 2024 (Kilo Tons) (USD Million)
5.6.2 Market estimates and forecasts, by region, 2013 - 2024 (Kilo Tons) (USD Million)
5.7 Others
5.7.1 Market estimates and forecasts, 2013 - 2024 (Kilo Tons) (USD Million)
5.7.2 Market estimates and forecasts, by region, 2013 - 2024 (Kilo Tons) (USD Million)
Chapter 6 Market Categorization 2: Product Estimates & Trend Analysis
6.1 Product Movement Analysis & Market Share, 2015 & 2024
6.2 Primers
6.2.1 Global primer exterior architectural coating market estimates and forecasts, 2013 - 2024 (Kilo Tons) (USD Million)
6.2.2 Global primer exterior architectural coating market estimates and forecasts, by region, 2013 - 2024 (Kilo Tons) (USD Million)
6.3 Emulsions
6.3.1 Market estimates and forecasts, 2013 - 2024 (Kilo Tons) (USD Million)
6.3.2 Market estimates and forecasts, by region, 2013 - 2024 (Kilo Tons) (USD Million)
6.4 Enamels
6.4.1 Market estimates and forecasts, 2013 - 2024 (Kilo Tons) (USD Million)
6.4.2 Market estimates and forecasts, by region, 2013 - 2024 (Kilo Tons) (USD Million)
6.5 Others
6.5.1 Market estimates and forecasts, 2013 - 2024 (Kilo Tons) (USD Million)
6.5.2 Market estimates and forecasts, by region, 2013 - 2024 (Kilo Tons) (USD Million)
Chapter 7 Market Categorization 3: Technology Estimates & Trend Analysis
7.1 Technology Movement Analysis & Market Share, 2015 & 2024
7.2 Waterborne
7.2.1 Market estimates and forecasts by waterborne technology, 2013 - 2024 (Kilo Tons) (USD Million)
7.2.2 Market estimates and forecasts by waterborne technology, by region, 2013 - 2024 (Kilo Tons) (USD Million)
7.3 Solventborne
7.3.1 Market estimates and forecasts by solventborne technology, 2013 - 2024 (Kilo Tons) (USD Million)
7.3.2 Market estimates and forecasts by solventborne technology, by region, 2013 - 2024 (Kilo Tons) (USD Million)
Chapter 8 Market Categorization 4: Application Estimates & Trend Analysis
8.1 Application Movement Analysis & Market Share, 2015 & 2024
8.2 Residential
8.2.1 Market estimates and forecasts by residential application, 2013 - 2024 (Kilo Tons) (USD Million)
8.2.2 Market estimates and forecasts by residential application, by region, 2013 - 2024 (Kilo Tons) (USD Million)
8.2.2.1 Market estimates and forecast, by type, 2013 - 2024 (Kilo Tons) (USD Million)
8.3 Non-residential
8.3.1 Market estimates and forecasts by non-residential application, 2013 - 2024 (Kilo Tons) (USD Million)
8.3.2 Market estimates and forecasts by non-residential application, by region, 2013 - 2024 (Kilo Tons) (USD Million)
8.3.2.1 Market estimates and forecast, by type, 2013 - 2024 (Kilo Tons) (USD Million)
Dulux SuperClean is an interior water-based high quality durable and smooth emulsion equipped with High Bind Technology due to which the latex particles in paint bind very closely.
This results in a compact paint film that makes it harder for stains to penetrate into the wall & thus enables easy cleaning of walls.
Dulux PureAir™ is a low VOC, low sheen finish high quality paint that comes with fungus resistance, mould resistance and anti-bacterial properties.
It is able to neutralize formaldehyde and reduces the amount of VOCs in the air, effectively making the air in one’s home as fresh as the great outdoors.
Value Market Research’s Global Paint & Coating Market Report is a comprehensive analysis study that include industry trends, size, share, growth, estimation and forecast for the year 2020-2027.
The Paint & Coating market report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Paint & Coating include PPG Industries, AkzoNobel N.V., Nippon Paint Holdings Co. Ltd., BASF S.E., Kansai Paint Co. Ltd., Asian Paints Ltd.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Request FREE sample copy of the report “Global Paint & Coating Market” at: https://www.valuemarketresearch.com/contact/paint-coating-market/download-sampleMarket SegmentationThe broad Paint & Coating has been sub-grouped into the Product, Resin, Application and region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
In today's life, we become so busy that we are not able to take care of anything and our shoes are one of the best examples.
It is common for shoes to be messy, but sometimes people are so careless that they even drop paint on their shoes.If the paint has fallen on your shoes by mistake and that spray paint, then this moment can be very difficult for you, keeping this in mind, I have brought some tips for you where you can remove spray paint from your shoes.Turpentine oil and thinner are most useful to remove the problem of spray paint on shoes.
You can also use solvents if you want.
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