Asia Pacific Architectural Coatings Market

Asia Pacific Architectural Coatings Market by Technologies (Solvent-borne and Water-borne), Resin Types (Pure Acrylic, Vinyl Acetate, Acetate, Alkyd, Styrene Acrylic, and Others), Construction Sectors (Residential and Commercials), and Geographies (China, Japan, India, Indonesia, Australia, New Zealand, Vietnam, Malaysia, and the Rest of Asia-Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-1079
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 2
  • No. Of Pages: 145
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The Asia Pacific architectural coatings market size is expected to register a considerable CAGR of 5.8% during the forecast period, 2021–2028. The growth of the market is attributed to the housing development is becoming more prevalent in Asia's emerging markets.

Asia Pacific Architectural Coatings Market Key Takeaways

Architectural coatings include paints, powders, and other materials that are used to paint buildings and homes. Most architectural coatings, including inside and external wall painting, ceiling coatings, and carpet coatings, are developed for a particular application. Infrastructure receives numerous safety, aesthetic, and long-lasting benefits from these coatings.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising infrastructure investment and rising demand for high-quality and long-lasting coating materials for construction components are anticipated to fuel the market expansion in the coming years.
  • Growing need for long-lasting and environmentally friendly coatings is a major factor propelling the market growth during the forecast period.
  • rising demand for waterproofing and fireproofing components for new and refurbishment projects, particularly in areas with harsh temperatures is estimated to spur the market expansion in the coming years.
  • High price of intricate raw ingredients and the problem in identifying appropriate architectural coatings are projected to impede the market growth.
  • Increasing environmental issues and restrictions in China, as well as increasing raw material costs, act as a key challenge that can restrict the market expansion in the coming years.
  • The acceptance of green coatings that meet with regulations' security and VOC emission standards is projected to open up several new potential prospects for the market which is expected to create lucrative opportunities for the market players.

Scope of the Report

The report on the Asia Pacific architectural coatings market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Architectural Coatings Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technologies (Solvent-borne and Water-borne), Resin Types (Pure Acrylic, Vinyl Acetate, Acetate, Alkyd, Styrene Acrylic, and Others), and Construction Sectors (Residential and Commercials)

Geographies

China, Japan, India, Indonesia, Australia, New Zealand, Vietnam, Malaysia, and the Rest of Asia-Pacific

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

RPM International Inc.; PPG Industries, Inc.; Nippon Paint Holdings Co., Ltd.; Masco Corporation; KCC Paints; Kansai Paint Co.,Ltd.; Jotun; CARPOLY; Berger Paints India Limited; Beckers Group; Asian Paints; Akzo Nobel N.V.; and The Sherwin-Williams Company


Asia Pacific Architectural Coatings Market Segment Insights

Water-borne segment is projected to constitute a key market share
Based on technologies, the Asia Pacific architectural coatings market is bifurcated into solvent-borne and water-borne. The water-borne segment is expected to represent a key share of the market during the forecast period due to fundamental advantages over all other coating materials. For infrastructure applications, waterborne paints and varnishes provide a reliable and low smell solution, as water is utilized as the solvent media for dispersion of the resins, these coats are also simple to apply.

Asia Pacific Architectural Coatings Market By Technologies

Pure acrylic segment is expected to expand at a robust pace
On the basis of resin types, the market is segmented into pure acrylic, vinyl acetate, acetate, alkyd, styrene acrylic, and others. The pure acrylic segment is expected to hold a key share of the market in the coming years owing to it is used in a lot of architectural paints, acrylics outperform alkyds, oil-based paints, and epoxies in terms of weathering and resistance to corrosion because the main components of acrylic polymers include a polymer structure with hardly any propensity to absorb ultraviolet light. Acrylics also have nice color and sheen persistence. They're well-known for their sturdiness, as they shield the underlying substrate from the effects of snow, rain, wind, and UV rays.

Asia Pacific Architectural Coatings Market By Resin Types

Residential segment is projected to represent a large market share
Based on construction sectors, the market is divided into residential and commercials. The residential segment is expected to hold a key share of the market in the coming years owing to paints and coatings are also employed in the interiors of homes to add color or for ornamental purposes, among many other things. Their roles differ depending on the sort of location and room in which they are employed. Due to the extreme wetness, the walls of the bathroom, for example, must be easily cleanable to stay clean. Paints with a higher glossy sheen have a stronger molecular structure than flat paints, enabling moisture penetration more challenging.

In recent years, improved economic growth and better earnings have led to the construction of several new homes and the renovation of existing ones. Fresh paint and repainting are two types of architectural coatings used in housing constructions. Stains, paints, primers, lacquers, and cleaners are among the most common architectural and utilitarian coatings.

China is expected to dominate the market
On the basis of geographies, the market is categorized as China, Japan, India, Indonesia, Australia, New Zealand, Vietnam, Malaysia, and the Rest of Asia-Pacific. China is anticipated to expand at a healthy CAGR during the forecast period. The geographic market growth can be attributed to China's production industry is one of the country's most important economic contributors. The continual improvement in the nation's financial environment has improved customers' economic positions, which has boosted demand for constructions as well as other infrastructural operations in the nation.

Additionally, overseas investment prohibitions on land acquisition, high-end hotels, office spaces, international convention centers, and the construction and management of large amusement parks have been eased. Over the projected period, the nation's architectural coatings demand is anticipated to benefit from expansion in the residential and commercial sectors.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Architectural Coatings Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Architectural Coatings Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Architectural Coatings Market - Supply Chain
  4.5. Global Architectural Coatings Market Forecast
     4.5.1. Architectural Coatings Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Architectural Coatings Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Architectural Coatings Market Absolute $ Opportunity
5. Global Architectural Coatings Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Architectural Coatings Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Architectural Coatings Demand Share Forecast, 2019-2026
6. North America Architectural Coatings Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Architectural Coatings Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Architectural Coatings Demand Share Forecast, 2019-2026
7. Latin America Architectural Coatings Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Architectural Coatings Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Architectural Coatings Demand Share Forecast, 2019-2026
8. Europe Architectural Coatings Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Architectural Coatings Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Architectural Coatings Demand Share Forecast, 2019-2026
9. Asia Pacific Architectural Coatings Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Architectural Coatings Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Architectural Coatings Demand Share Forecast, 2019-2026
10. Middle East & Africa Architectural Coatings Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Architectural Coatings Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Architectural Coatings Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Architectural Coatings Market: Market Share Analysis
  11.2. Architectural Coatings Distributors and Customers
  11.3. Architectural Coatings Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. RPM International Inc. PPG Industries, Inc. Nippon Paint Holdings Co., Ltd. Masco Corporation
Segments Covered in the Report
The Asia Pacific architectural coatings market has been segmented based on

Technologies
  • Solvent-borne
  • Water-borne
Resin Types
  • Pure Acrylic
  • Vinyl Acetate
  • Acetate
  • Alkyd
  • Styrene Acrylic
  • Others
Construction Sectors
  • Residential
  • Commercials
Geographies
  • China
  • Japan
  • India
  • Indonesia
  • Australia
  • New Zealand
  • Vietnam
  • Malaysia
  • the Rest of Asia-Pacific
Key Players
  • RPM International Inc.
  • PPG Industries, Inc.
  • Nippon Paint Holdings Co., Ltd.
  • Masco Corporation
  • KCC Paints
  • Kansai Paint Co.,Ltd.
  • Jotun
  • CARPOLY
  • Berger Paints India Limited
  • Beckers Group
  • Asian Paints
  • Akzo Nobel N.V.
  • The Sherwin-Williams Company

Key players competing in the Asia Pacific architectural coatings market include RPM International Inc.; PPG Industries, Inc.; Nippon Paint Holdings Co., Ltd.; Masco Corporation; KCC Paints; Kansai Paint Co.,Ltd.; Jotun; CARPOLY; Berger Paints India Limited; Beckers Group; Asian Paints; Akzo Nobel N.V.; and The Sherwin-Williams Company. Some of these players are adopting several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to increase their market shares.

Asia Pacific Architectural Coatings Market By Key Players

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