- The architectural coatings market in APAC is segmented by technology (water-borne coatings and solvent-borne coatings), by resin (acrylic, polyester, alkyd, epoxy, and others), by end-user (residential end-users and commercial end-users), by type of activity (new construction activities and remodeling activities), by type of consumer (professional consumers and DIY consumers), by application (interior applications and exterior applications), and by distribution channel (independent distributors and other distributors).
Technavio analysts estimate the architectural coatings market in APAC to grow at a rate of close to 6% during the forecast period of 2014-2019. China will experience rapid growth due to its flourishing civil construction activities and increasing investment in the repair of existing buildings.
Analysis of this market by technology shows that the water-borne coatings segment accounts for more than 54% of the total revenue in this market. This segment will experience rapid growth and will grow at a rate of close to 6.5% during the next five years. Segmenting the market on the basis of resins reveals that the acrylic segment is the fastest growing segment. This segment accounts for a market share of 23-27% and is closely followed by the polyester and the polyurethane resins sector.
Segmentation of Architectural Coatings Market in APAC by Resin
Source: Technavio Research
“Rapid increase in the disposable income of consumers in the APAC region has resulted in the increased demand for architectural coatings. Recent trends have shown that an increasing number of residential consumers opt for ‘do-it-yourself’ remodeling. This trend is expected to grow in the future and positively impact the demand for architectural coatings,” says Sriram Mohan, Lead Analyst, Chemical and Materials, Technavio Research.
Top companies in this market are Akzo Nobel NV, Asian Paints, Kansai Paint Co. Ltd., Nippon Paint, PPG Industries Inc., and the Valspar Corp. Similar companies have been mentioned in Technavio’s report on the architectural coatings market in EMEA 2015-2019. The report provides an overview of these companies, their financial overview, business strategies, and recent developments, as well as an in-depth discussion of the main market drivers, challenges, and trends.
A more detailed analysis is available in the Technavio report Architectural Coatings Market in APAC 2015-2019. We can customize reports by other regions and specific segments upon request.
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