PUBLISHER: The Business Research Company | PRODUCT CODE: 1666403
PUBLISHER: The Business Research Company | PRODUCT CODE: 1666403
Architectural coatings encompass a range of specialized coatings applied to residential and commercial structures. These coatings serve a dual purpose, providing protection and durability while also enhancing the aesthetic appeal of buildings.
The primary resins utilized in architectural coatings include acrylic, alkyd, epoxy, polyurethane, polyester, and urethane. Acrylic, for instance, denotes a clear, robust plastic known for its strength, rigidity, and optical clarity. It's easily fabricated and exhibits excellent weather-resistant properties. These coatings employ various technologies, such as solvent-borne and water-borne formulations, serving diverse functions in ceramics, inks, lacquers, paints, powder coatings, primers, sealers, stains, and varnishes. They cater to a broad spectrum of end-users, encompassing both residential and non-residential applications.
The architectural coatings market research report is one of a series of new reports from The Business Research Company that provides architectural coatings market statistics, including architectural coatings industry global market size, regional shares, competitors with an architectural coatings market share, detailed architectural coatings market segments, market trends and opportunities, and any further data you may need to thrive in the architectural coatings industry. These architectural coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The architectural coatings market size has grown strongly in recent years. It will grow from$81.45 billion in 2024 to $85.95 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to construction boom, urbanization trends, regulatory compliance, raw material prices, consumer preferences
The architectural coatings market size is expected to see strong growth in the next few years. It will grow to $109.54 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to growing infrastructure investments, rising consumer awareness, global economic trends, health and safety concerns, innovations in formulations. Major trends in the forecast period include sustainability and green initiatives, advanced technology integration, digital transformation in marketing, customization and personalization, rising demand in emerging markets.
The rapid growth of the construction industry is expected to drive the expansion of the architectural coatings market in the coming years. The construction industry encompasses businesses involved in building, repairing, and maintaining infrastructure. Architectural coatings play a crucial role in this sector, being used for various applications such as painting building exteriors and interiors, and creating air barriers essential for energy-efficient building enclosures. For example, in August 2024, the UK's Office for National Statistics (ONS) reported a 0.4% increase in monthly construction output, largely due to a 1.6% rise in new projects. Additionally, the United States Census Bureau (USCB) reported that the U.S. spent $1.83 billion on construction in 2022. As a result, the rapid surge in construction activity is fueling the growth of the architectural coatings market.
The increasing industrialization is expected to drive the growth of the architectural coatings market in the future. Industrialization refers to the economic and social transformation from agrarian-based economies to manufacturing and mechanized production systems. This shift boosts demand for architectural coatings, as expanding infrastructure requires protective and decorative coatings for buildings and structures. For example, in April 2024, a report from the Federal Reserve Board, a U.S. government agency, indicated that industrial production grew by 0.4% in March, with manufacturing output increasing by 0.5%, driven in part by a 3.1% rise in motor vehicles and parts production. Excluding motor vehicles and parts, factory output still rose by 0.3%. Thus, the rise in industrialization is fueling the growth of the architectural coatings market.
Innovative product development emerges as a pivotal trend gaining momentum within the architectural coatings market. Prominent companies within this market segment prioritize the creation of novel products to fortify their market position. For instance, in February 2023, PPG Industries Inc., a US-based paint and coating manufacturer, introduced PPG STEELGUARD 951, an advanced epoxy intumescent fire protection coating. Tailored for contemporary architectural steel, this coating offers up to three hours of cellulosic fire protection. Additionally, its corrosion protection properties cater to highly corrosive air environments up to ISO 12944 C5 without requiring a top coat. This efficiency minimizes project timelines and costs while achieving desired outcomes.
Leading companies in the architectural coatings sector are focusing on cutting-edge solutions, notably advanced powder coating, to address evolving needs and elevate product quality. Advanced powder coating denotes an innovative method applied to provide durable and protective coatings for pet food ingredients or products. For instance, in November 2023, AkzoNobel, a Netherlands-based paint and coating company, launched Interpron D1036, a pioneering architectural powder coating. This formulation cures at temperatures as low as 150°C, significantly lower than standard powder coatings. This lower curing temperature potentially yields energy savings of up to 20% and a faster curing time of up to 25% compared to traditional powders, enhancing overall coating process efficiency.
In August 2023, AkzoNobel N.V., a Netherlands-based company, acquired Sherwin Decorative Paint for an undisclosed sum. This acquisition aims to strengthen AkzoNobel's product portfolio and expand its presence in the decorative paints sector by leveraging Sherwin's innovative paint formulations and established customer base. Sherwin Decorative Paint, a U.S.-based manufacturer, specializes in premium paints and coatings, offering high-quality decorative finishes for both residential and commercial applications, along with eco-friendly solutions to address growing sustainability demands.
Major companies operating in the architectural coatings market include Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd., The Sherwin-Williams Company, BASF SE, PPG Industries Inc., RPM International Inc., Masco Corporation, Kansai Paint Co. Ltd., Asian Paints Ltd., Jotun Group, Axalta Coating Systems Ltd., 3trees Group, Sumter Coatings Inc., Brillux GmbH & Co. KG, J.W. Ostendorf GmbH & Co. KG, Hempel A/S, Berger Paints India Limited, Tikkurila Oyj, DAW SE, Cromology SAS, KCC Corporation, Benjamin Moore & Co., SK Kaken Co. Ltd., The Valspar Corporation, Diamond Vogel Inc., Dunn-Edwards Corporation , Cloverdale Paint Inc., Kelly-Moore Paints, BEHR Process Corporation, Caparol Paints LLC, H.B. Fuller Company
Asia-Pacific was the largest region in the architectural coatings market in 2024. It is expected to be the fastest-growing region in the global architectural coatings market during the forecast period. The regions covered in the architectural coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the architectural coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The architectural coatings market consists of revenues earned by entities by providing industrial maintenance coatings, traffic coatings. The market value includes the value of related goods sold by the service provider or included within the service offering. The architectural coatings market also includes sales of zinc-rich primers, paints, and sealers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Architectural Coatings Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on architectural coatings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for architectural coatings ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The architectural coatings market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.