The Singapore Architectural Coatings Market size is estimated at USD 155.85 million in 2024, and is expected to reach USD 169.85 million by 2028, growing at a CAGR of 2.17% during the forecast period (2024-2028).
Key Highlights
- Largest Segment by End-user - Residential : Compared to commercial floor area, Singapore has been observing higher volume of residential building floor area resulting in high architectural paint consumption from the residential sector.
- Largest Segment by Technology - Waterborne : The country of Singapore has strict VOC requirements, the share of waterborne is largest as the VOC regulations play a vital role to limit the usage of Solventborne segment in the country.
- Largest Segment by Resin - Acrylic : Acrylic is a leading type of resin in Singapore. Further, the percentage share of acrylic is expected to cross 50% mark by the end of 2028.
Singapore Architectural Coatings Market Trends
Residential is the largest segment by Sub End User.
- Compared to commercial floor area, Singapore has been observing higher volume of residential building floor area resulting in high architectural paint consumption from the residential sector.
Singapore Architectural Coatings Industry Overview
The Singapore Architectural Coatings Market is fairly consolidated, with the top five companies occupying 84.25%. The major players in this market are AkzoNobel N.V., Jotun, Kansai Paint Co.,Ltd., Nippon Paint Holdings Co., Ltd. and Seamaster Paint (Singapore) Pte Ltd (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
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