- The key vendors in the global residential architectural coatings market 2015-2019 are AkzoNobel, Asian Paints, BASF, Benjamin Moore, BEHR Process, DAW, Nippon Paint, PPG, Sherwin-Williams and Valspar
London, 14 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global residential architectural coatings market 2015-2019. Vendors are focusing on unique color schemes to differentiate their products and attract buyers. Unique colors are being introduced by vendors, followed by the implementation of marketing communication programs to enhance brand awareness. Key vendors in the market are also focusing on the introduction of metallic paints that end-users can use to highlight surfaces. Tikkurila offers such products. The residential architectural coatings market is expected to grow at a CAGR of 6.23% between 2015 and 2019.
The demand for residential architectural coatings is expected to increase in the next few years because of an increase in civil construction activities across the globe and increased investment in the maintenance and repair of existing buildings. The market is expected to grow significantly during the forecast period primarily because of increased demand from emerging markets such as APAC. The recovery of the global housing markets has contributed to a rise in demand for residential architectural coatings.
“The increasing shift toward the need for eco-friendly and energy-efficient infrastructure and buildings will fuel the growth of green buildings,” says Faisal Ghaus, Vice President of Technavio Research.
“Architectural coatings are mainly used in interior and exterior applications, which will propel the demand for the residential architectural coatings market.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Residential Architectural Coatings Market 2015-2019, please send an e-mail to media@TechNavio.com
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