A new market research report by Transparency Market Research, titled “Architectural Paint Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, evaluates and reviews the market for architectural paints and projects the market condition in forthcoming years. The report comprises several graphs and statistical tables to represent data based on prime products, applications, and geographic regions within the market for architectural paints. The report also evaluates the various market dynamics along with their impact on market growth. These market dynamics include the drivers, opportunities, challenges, and restraints prevalent in the market for architectural paints. The report also studies the market competition dynamics and the technological advancements seen within this market. The key strategies of prime competitors have also been presented for the upcoming market players to make better investment decisions.
As per the report, architectural paints are used on tanks, walls, roofs, storage, and windows, etc. The architectural paint market is majorly stimulated by the expansion of the construction industry. In addition, the rising disposable incomes and the growing industrial investments have also fuelled the market for architectural paints. However, a number of architectural paints are hazardous to human health and environment. This has led governments to implement stringent regulations on the usage of these paints. This issue is solved by the introduction of organic architectural paints. On the basis of application, the market is segmented into exterior segment and interior segment. Amongst these, the interior application segment led the market and is expected to maintain its superiority in the coming years.
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As stated in the report, the architectural paint market, on the basis of geography, is segmented into Europe, Asia Pacific, North America, and Rest of the World (RoW). Amongst these, the region of North America led the market on the basis of consumption and will maintain its leading position in forthcoming years. This is owing to the rising residential construction witnessed in this region. Europe trailed North America and constituted the second-largest share of the market. On the other hand, Asia Pacific is expected to exhibit the swiftest growth in the market for architectural paints. This is owing to the improving economy and the growing disposable incomes of the consumers residing within countries such as India and China. The construction industry within the region of the Middle East is expanding, thus fuelling the demand for architectural paints in this region.
According to the report, the key players operating in the market for architectural paints are Kansai Paint, BASF, AkzoNobel, DuPont, and Valspar, among others.
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