THE LEADING RESEARCH REPORTS DISTRIBUTION
NETWORK

icrowd research  icrowd research  icrowd research  icrowd research  icrowd research  icrowd research  icrowd research  icrowd research

Architectural Coatings Market Research Report 2023 – Market Leaders are The Sherwin-Williams Company, PPG Industries, Inc., Akzo Nobel N.V., Kansai Paints Co., Ltd., Asian Paints Limited, and Nippon Paint Holdings Co., Ltd.




May 16, 2019



According to the new market research report Architectural Coatings Market by Resin Type (Acrylic, Alkyd), Technology (Waterborne, Solventborne, Powder), User Type (DIY, Professional), Coating Type (Interior, Exterior), Application (Residential, Non-Residential) and Region – Global Forecast to 2023″, The market size of architectural coatings is projected to grow from USD 65.0 billion in 2018 to USD 82.4 billion by 2023, at a CAGR of 4.9% during the forecast period.

The increasing demand from the construction industry, the rising per capita consumption in APAC, and environmentally friendly characteristic act as major drivers of the market. Growing investment in the emerging regions is a key factor providing growth opportunities to the market. However, stringent and time-consuming regulatory policies are restraining market growth

Don’t miss out on business opportunities in Architectural Coatings Market

Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=186634159

The Architectural coatings market size is estimated to be USD 65.0 billion in 2018 and is projected to reach USD 82.4 billion by 2023, at a CAGR of 4.9% between 2018 and 2023. APAC is the largest consumer of Architectural coatings as it has high demand from various new constructions and increasing industrialization.

APAC is expected to be the largest and fastest-growing market for Architectural coatings, in terms of value and volume. APAC is expected to retain its leadership until 2023. Countries in these regions such as China, India, and Indonesia are witnessing an increase in the use of Architectural coatings in the residential segment. This can be attributed to the demand for rapid urbanization from these regions. The massive spending on huge infrastructural development programs; and increasing investments & expansions, mergers & acquisitions, new product launches, and joint venture activities in the region are driving the market.

Browse and in-depth TOC on “Architectural Coatings Market”

106 – Tables
50 – Figures
170 – Pages

View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/architectural-coatings-market-186634159.html

The architectural coatings market is projected to grow from USD 65.0 billion in 2018 to USD 82.4 billion by 2023, at a CAGR of 4.9% between 2018 and 2023. APAC is the largest consumer of architectural coatings. The architectural coatings is witnessing high demand from various new constructions, remodeling, and increasing industrialization in APAC.

Some of the major players in the market include The key players operating in the market are PPG Industries, Inc. (US), Akzo Nobel N.V. (The Netherlands), The Sherwin-Williams Company (US), Kansai Paints Co., Ltd. (Japan), Asian Paints Limited (India), and Nippon Paint Holdings Co., Ltd. (Japan). These players have adopted various strategies, such as merger & acquisition, expansion, and new product launch to grow in the market. New product launch was the key strategy adopted by the major players between 2015 and 2018. This strategy accounted for a share of 38% of all growth strategies adopted by key market players and helped companies enhance their market and expand global presence.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=186634159

PPG is dominating the global architectural coatings market. This position is achieved by the company after many successful small and big acquisitions and expansion activities. The major acquisition done by the company was DEUTEK S.A. a leading Romanian Paint and architectural coating manufacturer from Emerging European Accession Fund (EEAF) in 2017. This has led to an expansion in Europe and is expected to boost the growth in the emerging region of Eastern Europe in the near future. The company should now focus more on product innovation, differentiation, and brand awareness activities to compete and maintain its dominating position in the architectural coatings market.

Akzo Nobel N.V. is a diversified chemical company founded in 1994 and headquartered in Amsterdam, Netherlands. The company is active in the fields of decorative paints and performance coatings. All the architectural coatings products are produced under the decorative paints segment. Akzo Nobel N.V. has a strong customer base and operates in more than 80 countries of Europe, Asia-Pacific, South America, and the Middle East. After the acquisition of the specialty chemical business by The Carlyle Group and GIC, the revenue for FY 2017 has been reported under discontinued operations.

Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/architectural-coatings-market.asp
Visit Our Website: https://www.marketsandmarkets.com

 

Tags: , , , , , , ,

See Campaign: http://www.marketsandmarkets.com/Market-Reports/architectural-coatings-market-186634159.html
Contact Information:
MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email: newsletter@marketsandmarkets.com

Tags:
Research, Extended Distribution, Wire, Research Newswire, English