Architectural Coatings Market

The architectural coatings market is projected to expand at a CAGR of 5.5% during the forecast period 2022 to 2030. Architectural coatings manufacturers are producing eco-friendly products with lower emissions and carbon footprints. Residential remodelling has raised the demand for architectural coatings. The global market for architectural coatings is growing rapidly due to more applications, new technology, and rising demand in the Asia Pacific. Increasing consumer spending power, stronger environmental rules, more infrastructure investment, and economic growth in developing nations are driving the market growth. Green coatings are in high demand.

Growing environmental consciousness has led to developments in the coating business, resulting in the manufacturing of quality goods at competitive rates with added value and in line with worldwide trends. Rising safety rules will boost the need for fireproof and waterproof coatings on structures. This shifts the global focus to architectural coatings. The National Volatile Organic Compound Emission Standards for Architectural Coatings are one example of severe legislation and standards created in response to rising environmental and health dangers. REACH, Canada, China, and Japan all have identical VOC laws. This will boost the demand for green architectural coatings. Strict government prohibitions against certain architectural coatings’ toxic VOCs may hamper the market growth in the coming years. Performance difficulties are a major challenge for firms employing water-based coatings in various industries. UV degradation, corrosion resistance, and adhesion to steel, plastic, aluminium, and other surfaces are issues.

Browse for report at: https://www.acutemarketreports.com/report/architectural-coatings-market

As more people move to cities, the construction industry is developing more low-income infrastructure and housing. This drives demand for construction equipment and architectural paints used to develop residential and commercial complexes. According to Global Building 2030, a report by Global Construction Perspectives and Oxford Economics, the US, China, and India will all see a rise in construction activity during the projected period. India’s growth could double that of China by 2030. In the meantime, most development expansion is expected in the south. Growing demand for exterior architectural coatings that protect against microbes, UV radiation, and moisture. Because there is an increasing demand for architectural coatings that are more consistent, available in more colours, and last longer, producers are developing a wide assortment of high-quality eco-friendly coatings. An increasing tendency toward refurbishing already-built structures also drives demand for interior and exterior architectural coatings.

In recent years, governments have implemented strict limits on VOC emissions from paints and architectural coatings. These laws reduce VOC air pollution. Growing consumer awareness of VOCs’ negative effects is boosting demand for low-VOC coatings and paints. A rising number of businesses are pursuing LEED certification for their projects. The LEED certification process offers a wide range of allowable VOC levels, increasing demand for low-VOC paints and coatings. Architectural coatings manufacturers are focusing on maintaining a balance between low VOC levels and high-quality products to meet consumer demand and close the performance gap between low-VOC and traditional coatings. Green building rules linked to indoor air quality and a growing desire for low-odour interiors have also increased production and demand for ultra-low and zero VOC paints and architectural coatings. Both have helped the green construction movement develop.

Solvent-based coatings dominated the market in 2021, since they’re cheap, film-forming, and easy to apply. Global VOC and other laws are forcing a shift from solvent-based to water-based architectural paints. Architectural coatings manufacturers aim to improve water-based coatings’ performance and cut their pricing. In water-based coatings, manufacturers are looking for ways to keep the Minimum Film Formation Temperature (MFFT) low while providing a durable cured film.

Architectural coating makers face VOC emission regulations. Water-based paint without VOC evaporates quickly, making it sticky. Architectural coatings manufacturers are developing raw materials with a longer open time. Adding heat and air circulation helps water-based coatings dry faster. The performance of water-based coatings in a range of industries is a major hurdle. UV deterioration, corrosion resistance, and adhesion to plastic, steel, aluminium, and other surfaces are issues.

Manufacturers have also begun offering co-solvents to increase the performance of water-based architectural paints. This improved water-based architectural coatings. Due to advances in raw materials, water-based architectural coatings cost more per volume than solvent-based coatings. This contrasts with improvements in solvent-based coatings’ basic components.

In recent years, radiation curing for interior and exterior coatings has increased. In architectural coatings, UV-curable polymers are in high demand. Environmental concerns and legal measures to limit VOC emissions are driving the demand for UV-curable fluorine-containing resins. The world’s architectural coating firms are modernising their techniques to create a water-based UV-curable coating. Manufacturers provide outstanding performance and chemical resistance by integrating water-based and UV systems. This speeds up curing. UV curable polymers are expected to take up 40% of the architectural coatings market.

The acrylic subsegment dominated the market in 2021 due to its use in architectural coatings. Acrylics withstand oxidation and weathering better than oil-based, alkyd, and epoxies. Acrylic polymer components form a polymer structure that absorbs UV light poorly. Acrylics are colourfast and glossy. They are long-lasting because they protect the underlying substrate from UV radiation, snow, wind, and rain.

Other key findings of the market analysis include:

• Water-borne coatings led the architectural coatings market in 2021 and is projected to continue to dominate during the forecast period. Due to minimal VOC emissions and environmental safety, water-borne coatings are in high demand.
• Due to increased coating quality and urbanisation, ceramics dominated the global architectural coating market in 2021 and is projected to maintain its dominance during the forecast period.
• The residential sector dominated the global architectural coating market in terms of revenue in 2021 due to new technical breakthroughs such as nanostructured coatings that provide antibacterial, self-cleaning, and anti-corrosive features. Nanostructured coatings provide antibacterial, self-cleaning, and anti-corrosive qualities.

APAC is expected to have the highest volume and value growth throughout the projected period. In volume and value, APAC is expected to be the largest Architectural Coatings Market in 2021. Asia Pacific’s burgeoning middle class and rising birthrates drive the Architectural Coatings sector. China and India lead the Asia-Pacific market, which is home to many of the world’s most successful companies. China’s GDP is expected to grow at a 6% CAGR from 2022 to 2030. Japan and Canada are two other key markets; each is expected to grow by 4% and 5% within the report’s time period. Most firms have transferred their manufacturing to Asia because of the reduced cost of labour there. North America is another important market for architectural coatings due to building reconstructions and renovations.

Due to VOC emission limitations in APEJ, environmentally friendly coatings have grown in recent years. Non-toxic architectural coatings are the result of increased investment in novel raw materials and technology by green coating makers and research organisations. In India, China, and Indonesia, decorative paints used in building and maintenance have also increased. The region’s major market players are focusing on understanding the interaction between application processes, local raw materials, and substrates to address the demand for decorative architectural coatings and ecologically friendly coatings.

In Asia and the Pacific, more environmentally friendly and dirt- and mould-resistant architectural coatings are being made. To meet the growing demand for ecologically friendly architectural coatings in the region, the production of water-based, formaldehyde-free, low-VOC paints has increased. The Asia Pacific is expected to represent more than 45% of the architectural coatings industry.

Highly competitive and fragmented, the architectural coatings industry. Sherwin-Williams, PPG, 3 Trees, and Nippon Paint Holdings Co., Ltd. are industry leaders. Akzo Nobel N.V., Sherwin-Williams, and Nippon Paint Holdings Co., Ltd. Six firms account for a third of architectural coatings market revenue. Their global reach and sophisticated sales infrastructure make this feasible. Refurbishment is also boosting architectural coating sales. Top market competitors are expanding globally through product launches, acquisitions, and new facilities.

About Us
Acute Market Reports presents the most extensive global business research services across industries. Our research studies focus on potential outcomes, benefits, and risks associated with each market segment across geographies. Having served our global clients for more than 10 years, our prime priority is to enable our clients in making well-informed business decisions through a data-driven, analytical, and uncomplicated research approach.   

Media Contact
Name: Chris Paul
Address: 90 Church St, FL 1 #3514,
New York, NY 10008
United States
(US/CANADA) Ph.: +1-855-455-8662
E-mail: sales@acutemarketreports.com
Website: https://www.acutemarketreports.com/