Global Interior Architectural Coatings Markets and Trends

Dublin, Sept. 20, 2023 (GLOBE NEWSWIRE) — The “Interior Architectural Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2023-2028” report has been added to ResearchAndMarkets.com an offer.

The global interior architectural coatings market has achieved a significant milestone, reaching US$46.6 billion in 2022. Looking ahead, industry experts expect strong growth, with the market expected to reach US$59.3 billion by 2028, reflecting a growth rate commendable. At a compound annual growth rate of 4.3% during the period from 2023 to 2028.

This comprehensive report meticulously categorizes the market based on various criteria, including resin type, technology, distribution channel, consumer type and end-use segment.

Interior architectural coatings play a pivotal role in the precise management of interior spaces within buildings, taking into account a myriad of construction aspects. These include finishes, plumbing, lighting, materials, electrical requirements and strategic use of available space. Architectural coatings, mostly organic in nature, serve the dual purpose of enhancing aesthetics and protecting the interior surfaces of structures.

When making choices, consumers consider a variety of aesthetic and performance attributes. These include masking power, ease of application, flow and leveling, low volatile organic compound (VOC) emissions, user protection from harmful substances, stain resistance, environmental sustainability, and low odor. The market offers a range of paint types, including varnishes, sealants, wall paints, primers, ceramics and others.

In recent years, the commercial and residential sectors have witnessed a boom in construction activities, resulting in market growth. Consumers around the world have become more discerning, looking for high-quality coatings that enhance the beauty and protection of their homes.

Moreover, many emerging economies are in transition, leading to a boom in infrastructure activities and increasing demand for premium interior architectural coatings. In addition, growing concerns about environmental degradation have prompted manufacturers to develop sustainable, environmentally friendly coatings that provide effective protection.

The Asia Pacific region is the largest market, controlling a significant share of the industry. This growth can be attributed to the rapid expansion of railway and road infrastructure, increased construction efforts in China, and increased investments in overseas infrastructure projects in Japan.

Key questions answered in this report:

  • How has the global interior architectural coatings market performed so far and how will it perform in the coming years?
  • What are the main regional markets?
  • What is the impact of COVID-19 on the global interior architectural coatings market?
  • What are the main resin types in the market?
  • What are the main technologies in the market?
  • What are the main distribution channels in the market?
  • What is the market segmentation based on consumer type?
  • What are the main end-use segments of the market?
  • What are the different stages in the value chain of the global interior architectural coatings industry?
  • What are the key driving factors and challenges in the global interior architectural coatings industry?
  • What is the structure of the global interior architectural coatings industry and who are the key players?
  • What is the degree of competition in the global interior architectural coatings industry?
  • How are interior architectural coatings manufactured?

Main qualities:

Report attribute details
number of pages 140
Forecast period 2022 – 2028
Estimated market value (in US$) in 2022 $46.6 billion
Projected market value (in US$) by 2028 $59.3 billion
Total annual growth rate 4.1%
Covered areas worldwide

Competitive scene:

The competitive landscape of the market with some of the key players has also been examined

  • Akzo Nobel NV
  • Axalta coating systems
  • LLC
  • ASIAN PAINTS LIMITED
  • BASF C
  • Nippon Paint/Nipsia Collection
  • Kansai Paint Co., Ltd
  • BPG Industries
  • RBM International Company
  • Sherwin Williams Company
  • Valspar Company

Main market segmentation:

Breakdown by resin type:

Acrylic resins are commonly used to produce interior coatings. They provide better water resistance, adhesion, resistance to alkaline detergents, stain protection, and resistance to cracking and blistering.

  • acrylic
  • Polyester
  • Alkyd
  • Epoxy
  • Polyurethane
  • Others

Breakdown by technology:

Currently, waterborne coatings technology is widely used in industry due to the growing demand for environmentally sustainable and high-performance coatings.

  • Waterborne coatings
  • Solvent-borne coatings

Segmentation by distribution channel:

Among these stores, company-owned stores are the largest distribution channel.

  • Company-owned stores
  • Independent distributors
  • Major retailers and wholesalers

Segmentation by consumer type:

Nowadays, professional consumers show dominance in the market.

  • Professional consumers
  • DIY consumers

Segmentation by end-use sector:

Nowadays, most coatings are used in the residential sector.

  • residential
  • Non-residential

For more information about this report visit https://www.researchandmarkets.com/r/5vpgyx

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  • Global Interior Architectural Coatings Market


            

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