Data Bridge Market Research analyses that the architectural coatings resins market will witness a CAGR of 6.00% for the forecast period of 2021-2028. Increase in the demand for architectural coatings resins for a wide range of residential and non- residential applications, growth and expansion of various end user verticals and surge in industrialization in the developing countries are the major factors attributable to the growth of the architectural coatings resins market.
From the name itself, the role of architectural coatings resins is clear. Architectural coatings resins are used to coat the buildings and structures to provide them resistance against chemicals, moisture, heat, weather and other conditions. The major function of architectural coatings resins is to provide protection and durability to the structures. The resins are composed of different ingredients and are easily available in the market.
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Rise in the demand for architectural coatings resins by buildings and construction industry owing to the growth and expansion of this industry is the root cause fuelling up the market growth rate. Rising urbanization and infrastructural development especially in the developing economies are other factors responsible for propelling growth in the architectural coatings resins market value. Rising industrialization coupled with increasing adoption of water borne coating formulations will also directly and positively impact the growth rate of the architectural coatings resins market. Increasing awareness among population about VOC emissions coupled with increase in disposable income are some other important but indirect architectural coatings resins market growth determinants. Introduction of green coating solution and increasing application area of Nano coatings will also carve the way for a smooth market growth rate.
However, high prices of raw materials will pose a major challenge to the growth of the architectural coatings resins market. Also, fluctuations or volatility in the prices of raw materials such will dampen the architectural coatings resins market growth rate. Strict rules and regulations imposed by the government over application of architectural coatings resins will further derail the market growth rate.
This architectural coatings resins market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on architectural coatings resins market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Architectural Coatings Resins Market Scope and Market Size
The architectural coatings resins market is segmented on the basis of resin type, technology, coatings type, user type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
On the basis of resin type, the architectural coatings resins market is segmented into acrylic resin, alkyd resin, vinyl resin, polyurethane resin and others.
On the basis of technology, the architectural coatings resins market is segmented into waterborne coatings, solvent borne coatings and powder coatings.
On the basis of coating type, the architectural coatings resins market is segmented into interior, exterior and others.
The user type segment for architectural coatings resins market is segmented into DIY and professional.
On the basis of application, the architectural coatings resins market is segmented into residential and non- residential.
Global Architectural Coatings Resins Market Country Level Analysis
The architectural coatings resins market is analysed and market size, volume information is provided by country, resin type, technology, coatings type, user type and application referenced above.
The countries covered in the architectural coatings resins market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the architectural coatings resins market and will continue to flourish its trend of dominance during the forecast period as well. Abundant availability of raw materials is one of the major factors fostering the growth of market in this region. Growth and expansion of buildings and construction industry in the region owing to rapid infrastructural development will also drive the market growth rate.
The country section of the architectural coatings resins market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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