Commercial architectural coating: Key market research findings
- Increased inclination towards green buildings
- Growing demand for architectural coatings in DIY projects
Technavio has added a new market research report on the global commercial architectural coatings market, to its architectural coatings portfolio. The global commercial architectural coatings market is expected to grow at a CAGR of around 5% between 2015 and 2019 due to an increase in civil construction activities worldwide. The APAC is the fastest growing region in the global market for commercial architectural coatings. One of the key factors boosting APAC’s market growth is the increased consumer expenditure on home decorations and enhancements.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The market is witnessing increasing shift towards eco-friendly and energy-efficient buildings. Various governments across the globe are promoting green buildings, which are less toxic for human health. Such new construction activities are fostering the demand for architectural coatings. Moreover, vendors are introducing functional coatings like graffiti-resistant coatings and self-cleaning finishes for better maintenance. Vendors have also come up with new colors and paints to enhance the aesthetic appeal of buildings,” says Sriram Mohan, Lead Analyst, Chemicals & Materials, Technavio Research.
The global market for interior commercial architectural coatings is growing at a very fast rate, recovery of the global housing market and an increase in demand for home improvement applications. Increase in renovation and remodelling activities have increased the demand for commercial architectural coatings by the residential consumers.
Segmentation of global commercial architectural coatings market by application 2019
Source: Technavio research
The leading vendors in the global commercial architectural coatings market include AkzoNobel, Asian Paints, BASF, Benjamin Moore, BEHR, DAW, Nippon Paint, PPG, Sherwin-Williams, and Valspar. The market is fragmented, yet there are significant regional differences attributed to the level of economic development. Developed regions such as North America and Western Europe have a high degree of consolidation, with the primary vendors accounting for a significant share of the market. Developing and key emerging regions such as Latin America, Eastern Europe, and APAC have a small degree of consolidation, with a number of vendors operating in these markets.
A more detailed analysis is available in the Technavio report, Global Commercial Architectural Coatings Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
- Global Exterior Architectural Coatings Market 2015-2019
- Global Interior Architectural Coatings Market 2015-2019- Market Research Report
- Global Waterborne Architectural Coatings Market 2015-2019
- Architectural Coatings Market in North America 2015-2019
- Architectural Coatings Market in EMEA 2015-2019
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