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.
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.
Grand View Research has segmented the global exterior architectural coating market on the basis of resin type, technology, product, application, and region:
Global Exterior Architectural Coatings Resin Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
For press release of this report - http://www.grandviewresearch.com/press-release/global-exterior-architectural-coating-market
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.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/exterior-architectural-coating-market
U.S exterior architectural coating market revenue, by resin type, 2013 - 2024 (USD Million)
Further key findings from the report suggest:
·
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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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the global exterior architectural coating market on the basis of resin type, technology, product, application, and region:
Global Exterior Architectural Coatings Resin Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
·
Acrylic
·
Alkyd
·
Polyurethane
·
Polyester
·
Epoxy
·
Others
Global Exterior Architectural Coatings Technology Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2013 - 2024)
·
Solventborne
·
Waterborne
Global Exterior Architectural Coatings Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2013 - 2024)
·
Primer
·
Enamel
·
Emulsion
·
Others
Global Exterior Architectural Coatings Application Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2013 - 2024)
·
Residential
·
New construction
·
Remodel/repaint
·
Commercial
·
New construction
·
Remodel/repaint
Global Exterior Architectural Coatings Regional Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2013 - 2024)
·
North America
·
U.S.
·
Mexico
·
Europe
·
Germany
·
UK
·
Asia Pacific
·
China
·
India
·
Latin America
·
Brazil
·
MEA
For press release of this report - http://www.grandviewresearch.com/press-release/global-exterior-architectural-coating-market
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