The Architectural Coatings Global Market Report 2023, provides comprehensive information on the architectural coatings market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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In accordance with The Business Research Company’s insightful findings outlined in the Architectural Coatings Global Market Report for 2023, the anticipated trajectory of the global architectural coatings market suggests a robust expansion. Forecasts indicate a noteworthy progression from $72.55 billion in 2022 to $77.24 billion in 2023, reflecting a commendable compound annual growth rate (CAGR) of 6.5%. However, the unexpected geopolitical ramifications of the Russia-Ukraine conflict have momentarily impeded the global economic recovery post the COVID-19 pandemic. This geopolitical turmoil triggered economic sanctions, escalated commodity prices, and induced supply chain disruptions, consequently instigating inflationary pressures across diverse goods and services, significantly impacting markets on a global scale. Despite these challenges, the global architectural coatings market is poised to burgeon to $95.34 billion by 2027, maintaining a steadfast CAGR of 5.4%. This projection underscores the resilience and adaptability of the architectural coatings sector in navigating complex geopolitical and economic landscapes.
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Product innovations are a key trend gaining popularity in the architectural coatings market. Major companies operating in the architectural coatings market are innovating new products to sustain their position in the market. For instance, in February 2023, PPG Industries Inc., a US-based paint and coating manufacturing company, launched PPG STEELGUARD 951, an innovative epoxy intumescent fire protection coating with up to three hours of cellulosic fire protection created to suit the needs of contemporary architectural steel. This coating provides fire protection, specifically for the architectural sector. Additionally, without the requirement for a top coat, coating offers efficient corrosion protection for very corrosive air situations up to ISO 12944 C5. This cuts down on project time and costs while still achieving the desired outcomes.
The architectural coatings market is segmented:
1) By Resin Type: Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, Urethane
2) By Technology: Solvent Borne, Water Borne
3) By Function: Ceramics, Inks, Lacquers, Paints, Powder Coatings, Primers, Sealers, Stains, Varnishes
4) By End User: Residential, Non-Residential
Asia-Pacific was the largest region in the architectural coatings market in 2022.
The table of contents in TBRC’s architectural coatings market report includes:
1. Executive Summary
2. Architectural Coatings Market Characteristics
3. Architectural Coatings Market Trends And Strategies
4. Architectural Coatings Market – Macro Economic Scenario
5. Architectural Coatings Market Size And Growth
…
27. Architectural Coatings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Architectural Coatings Market
29. Architectural Coatings Market Future Outlook and Potential Analysis
30. Appendix
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