Architectural Coatings Market Projected to Gain Significant Value by 2031

Architectural coatings market is anticipated to witness a moderate growth, with demand expected to surpass 33,000,000 tons by 2018 end, according to the latest report by Fact.MR. The demand for architectural coatings continues to remain influenced by the robust growth in the construction industry worldwide. Meanwhile, reconstruction and renovation of existing structures across the countries are also contributing towards the growth of architectural coatings market. The construction industry is likely to grow significantly in the US, India, and China, according to the report named Global Construction 2030. All the three countries are expected to account for nearly 57% of the global growth, said the report.

With the emergence of the stringent regulations on the VOC emission, paint and coating manufacturers are shifting their focus from solvent bourne coatings to water bourne coatings. Also, around 80% of household paints sold today are water-based paints, as per the Paint Quality Institute. Advances in additives and resin technologies to overcome the performance issues of water-based coatings like viscosity, flow, and foaming are resulting in increasing demand for water bourne formulation in architectural coatings market.

Regulatory Changes Driving Shift to Water-based Coatings Remain Challenge for Coating Manufacturers

Solvent-based coatings are used widely owing to their low-cost, superior film-forming characteristics, and ease of application. However, introduction of stringent VOC and other regulations worldwide is driving shift from solvent-based to water-based architectural coatings. Manufacturers in the architectural coatings market are constantly struggling to enhance the performance of water-based coatings and minimize its cost. Manufacturers are also finding ways to maintain low Minimum Film Formation Temperature (MFFT) and at the same time ensuring hardness of the dried film in water-based coatings.

Regulations on VOC emission is also emerging as a challenge for architectural coatings manufacturers. Lack of VOC in water-based coating results in quick evaporation of water resulting in tacky paint. Hence, architectural coatings manufacturers are focusing on developing a raw material that offers longer open time for paint user. Moreover, longer dry time of water-based coatings requires additional heat and air movement.

Following Questions Answers Covered in the Report are:

• How will the global Architectural Coatings Market perform during the forecast period? What will be the market size in terms of value and volume?
• Which segment will drive the global Architectural Coatings Market? Which regional market will show extensive growth in the future? What are the reasons?
• How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
• What are the key strategies adopted by players to sustain themselves in the global Architectural Coatings Market?
• How will these strategies influence the market growth and competition?

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Regional analysis includes

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
• EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
• CIS & Russia
• Japan
• Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
• Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)

Get More Insights –http://www.globenewswire.com/en/news-release/2018/01/15/1289118/0/en/7-key-Future-Prospects-of-Canned-Motor-Pumps-Market-for-Forecast-Period-2017-2026.html

Competitive Landscape

The architectural coatings market report provides information on all the leading companies in the market. The report also provides SWOT analysis along with the dashboard view of the major players in the architectural coatings market. Key developments, market share, business strategies of each player in the architectural coatings market is offered in the report.

Increasing number of companies in the architectural coatings market are planning to expand themselves in regional markets through partnerships and mergers and acquisitions. New product development is also one of the strategies of most of the key players in the architectural coatings market.

PPG Industries Inc. has launched advanced passive fire-protection coating known as PPG PITT-CHAR NX. The coating eliminate cracking and delamination risk during transportation, fabrication and construction.

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