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The rapid expansion of the construction sector is projected to drive the growth of the architectural coatings market in the coming years. The construction industry is the commercial and manufacturing sector that is in charge of building, repairing, and maintaining infrastructure. Architectural coatings are generally used in the construction industry for various coatings, such as painting buildings’ exteriors and interiors, and they are critical in creating the essential air barriers for energy-efficient building enclosures.

The global architectural coatings market is expected to grow from $72.55 billion in 2022 to $77.24 billion in 2023 at a compound annual growth rate (CAGR) of 6.5% The market is expected to reach $95.34 billion in 2027 at a CAGR of 5.4%.

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Global Architectural Coatings Market Segments Include:

• By Resin Type: Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, Urethane
• By Technology: Solvent Borne, Water Borne
• By Function: Ceramics, Inks, Lacquers, Paints, Powder Coatings, Primers, Sealers, Stains, Varnishes
• By End User: Residential, Non-Residential
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global architectural coatings market in 2021.

Major Market Players 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.

Product developments are a hot trend in the architectural coatings market. To maintain their market position, major players in the architectural coatings market are developing new products. For example, in February 2023, PPG Industries Inc., a paint and coating manufacturing company based in the United States, introduced PPG STEELGUARD 951, an innovative epoxy intumescent fire protection coating with up to three hours of cellulosic fire protection designed to meet the needs of modern architectural steel. This coating offers fire protection, particularly in the architectural sector. Furthermore, without the need for a top coat, coating provides effective corrosion protection for extremely corrosive air circumstances up to ISO 12944 C5. This reduces project time and costs while still obtaining the intended results.

The Architectural Coatings Global Market Report 2023  provides a architectural coatings market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The architectural coatings market forecast analyzes architectural coatings market size, architectural coatings market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Architectural coatings are the sorts of coatings used to coat homes and buildings. It is specially developed for a specific usage that provides infrastructure with protective, durable, and ornamental features.

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