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Future and Growth of Exterior Architectural Coating Market by 2024

Functional superiorities including weather and moisture resistance, better aesthetics and long lasting adhesion is expected to fuel market growth over the next eight years. Furthermore, rising government spending in Asian countries on infrastructure development will augment industry expansion.

The Global Exterior Architectural Coating Market is expected to reach USD 39.04 billion by 2024, according to a new report by Grand View Research, Inc.


Growing demand for waterborne technology over traditional coatings, as it is cheaper and eco-friendly, will drive market growth. The introduction of green coatings coupled with the increasing usage of Nano coatings will create immense opportunities for growth over the next eight years.

Primer is expected to witness high revenue gains at a CAGR of 6.4% from 2016 to 2024 as it acts as a protector and leveller for other products including enamel and emulsions. The revenue generated by the use of exterior architectural coatings in the non-residential sector was valued at USD 8.20 billion in 2015 and is expected to witness rise on account of growing FMCG, IT, telecom and retail sector in MEA and Asia Pacific. Moreover, rapid industrialization, increasing FDI and government infrastructure spending will promote market growth.

Alkyd resin will witness high volume growth at a CAGR of 5.3% from 2016 to 2024. Growing usage of alkyd resins in light of their high durability and superior gloss is expected to stimulate industry growth. Furthermore, rising consumption in outdoor applications owing to its low cost along with high-temperature resistance will fuel its demand over the forecast period.

To Know More About Exterior Architectural Coating Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/exterior-architectural-coating-market

Top Players of Exterior Architectural Coating Market:

Industry is dominated by major participants including PPG Industries, Nippon Paint, BASF, AkzoNobel, and Sherwin-Williams.

Market Segmentation of Exterior Architectural Coating Market:

The Global Exterior Architectural Coating Market segmented on the basis of Resin Type, Technology, Product and Application.

By Resin Type:

    Acrylic
    Alkyd
    Polyurethane
    Polyester
    Epoxy

By Technology:

    Solventborne
    Waterborne

By Product:

    Primer
    Enamel
    Emulsion

By Application:

    Residential
        New construction
        Remodel/repaint
    Commercial
        New construction
        Remodel/repaint

Inquire about Exterior Architectural Coating Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3152
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