The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Understanding Market Dynamics

• Market size growth from $77.24 billion in 2023 to $82 billion in 2024.
• Compound Annual Growth Rate (CAGR) of 6.2% attributed to various factors.

Anticipating Strong Growth Ahead

• Predicted market size of $101.16 billion in 2028.
• CAGR of 5.4% fueled by upcoming trends and demands.

Construction Industry Surge Driving Market Expansion

Rapid Construction Industry Growth

• Construction industry surge as a key driver.
• Architectural coatings vital for energy-efficient building enclosures.

Global Construction Boom

• Global construction output projected to reach $15.2 trillion by 2030.
• Significant spending on construction reported by the US Census Bureau.

Key Players Shaping the Market

• Major companies like Akzo Nobel, Sherwin-Williams, and BASF leading the industry.

View More On The Architectural Coatings Market Report 2024 – https://www.thebusinessresearchcompany.com/report/architectural-coatings-global-market-report

Innovations Propelling Market Growth

Product Innovations

• Trend towards innovative product formulations.
• PPG Industries Inc. launches epoxy intumescent fire protection coating.
• Coating provides fire protection and corrosion resistance for architectural steel.

Strategic Acquisitions

• PPG Industries Inc. expands portfolio with Tikkurila Oyj acquisition.
• Aim to offer clients more choices in paint and coatings.

Segmentation Insights

By Resin Type

• Includes acrylic, alkyd, epoxy, and more.

By Technology

• Solvent-borne and water-borne technologies.

By Function

• Ceramics, paints, primers, varnishes, and more.

By End User

• Segmented into residential and non-residential sectors.

Regional Outlook

Asia-Pacific Dominance

• Largest region in the architectural coatings market in 2023.
• Expected to be the fastest-growing region.

In conclusion, the architectural coatings market is experiencing robust growth driven by the surge in the construction industry, coupled with innovations in product formulations and strategic acquisitions among key players. With sustainability initiatives and advanced technologies shaping the market landscape, stakeholders need to adapt to seize emerging opportunities in this dynamic sector.

Request A Sample Of The Global Architectural Coatings Market Report 2024:

https://www.thebusinessresearchcompany.com/sample_request?id=10232&type=smp

The Architectural Coatings Global Market Report 2024  provides comprehensive insights on the architectural coatings market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the architectural coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Architectural Acoustic Panels Global Market Report 2024

Powder Coatings Global Market Report 2024

Paints And Coatings Global Market Report 2024

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model