Exterior Architectural Coatings Market was valued at USD 40 Billion in 2022 and is projected to reach USD 59 Billion by 2030, growing at a CAGR of 6% from 2024 to 2030.
The global exterior architectural coatings market was valued at approximately USD 70 billion in 2022, demonstrating a robust growth trajectory. The market is projected to expand at a compound annual growth rate (CAGR) of about 5.4% from 2023 to 2030. This growth is driven by increasing urbanization, infrastructure development, and rising demand for sustainable and aesthetically pleasing building materials. The shift towards eco-friendly coatings, which offer benefits like improved durability and reduced environmental impact, is further boosting market expansion. Emerging markets, particularly in Asia-Pacific and Latin America, present significant opportunities for growth. In these regions, rapid urban development, growing construction activities, and a rising middle class are propelling the demand for advanced architectural coatings. Additionally, government initiatives supporting green building practices and stringent regulations on VOC emissions are creating a conducive environment for market players. This dynamic landscape underscores the potential for new product innovations and strategic investments in these high-growth areas.
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BASF
PPG Industries
Kansai Paint
Nippon Paint
The Dow Chemical Company
Valspar Corporation
AkzoNobel
Sherwin-Williams
Arkema
Axalta Coating Systems
Berger Paints
Cabot Corporation
Eastman Chemical Company
Jotun
Benjamin Moore
DAW SE
Cromology
Noroo Paint and Coatings
Diamond Vogel
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Exterior Architectural Coatings Market
Residential Building
Commercial Building
Industrial Building
Based on Types the Market is categorized into Below types that held the largest Exterior Architectural Coatings market share In 2023.
Solvent-Borne
Water-Borne
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Exterior Architectural Coatings Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Exterior Architectural Coatings Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Exterior Architectural Coatings Market, By Type
6. Global Exterior Architectural Coatings Market, By Application
7. Global Exterior Architectural Coatings Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Exterior Architectural Coatings Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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