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Architectural Coatings Resins Market By Resin Type (Acrylic Resin, Alkyd Resin, Vinyl Resin, Polyurethane Resin, Others), Technology (Waterborne Coatings, Solvent borne Coatings, Powder Coatings), Coating Type (Interior, Exterior, Others), User Type (DIY, Professional), Application (Residential, Non- Residential), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026 High cost of the raw material will restrain the market growth Strict government norms and regulations will also restrict the growth of this market.
Architectural coatings resins market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Introduction of green coating solution and increasing application area of Nano coatings are the factor for the growth of this market.
Global Architectural Coatings Resins Market are those decorative coatings which are used to coat homes and buildings. These coatings provide resistant to chemicals, moisture, heat, weather and other conditions. Different resins are used in the architecture coatings such as alkyd resin, vinyl resin, acrylic resin, and polyurethane resins. They are mainly used for wall paints, deck finishes and roof coatings. Their main function is to provide protection and increase durability. Different technology are used in these coatings are waterborne coating, solvent borne coatings and powder coatings. Rising demand from construction industry will drive the market growth Increasing awareness among population about VOC emissions will also propel the market growth Growing adoption of water borne coating formulations will also accelerate market growth Increasing per capita paint consumption in APAC will also enhance the market growth.
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Segmentation: Global Architectural Coatings Resins Market:
Key Developments in the Market:
In March 2019, Royal DSM announced the launch of their new Uralac EasyCure resin, P 3225 which is specially designed low-temperature and fast-cure powder coating applications for heavy machinery or architectural components. This will help them to produce the products with higher sustainability and higher functional performance In April 2015, Arkema announced that they are going to expand their acrylic resin manufacturing capacity in Araçariguama, Brazil. This expansion will help the company to improve their abilities and product lines in Brazil and provide better solutions to their customers. The products manufactured in this plant will be used in various applications such as industrial coating, architectural coatings, pressure sensitive adhesives, construction adhesives and others.
Competitive Analysis:
Global architectural coatings resins market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of architectural coatings resins market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global architectural coatings resins market are Akzo Nobel N.V., Berger Paints India Limited, CARPOLY, ALLNEX NETHERLANDS B.V., Arkema, Jotun, PPG Industries, Inc., Masco Corporation, BASF SE, DAIKIN INDUSTRIES, Ltd., Stepan Company, Linetec, Inc., Benjamin Moore & Co, FUJIKURA KASEI CO.,LTD. Cloverdale Paint Inc., Eastman Chemical Company, Dow, Valspar Corporation., OMNOVA Solutions Inc., Innotek Technology Limited, Solvay, Yip’s Chemical Holdings Limited and others.
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Laser Capture Global Architectural Coatings Resins Market?
What are the Risks and Challenges in front of the market?
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What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model.
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