세계의 건축용 외장 코팅 시장 규모 : 수지 유형별, 기술별, 제품 유형별, 용도별, 지역별, 범위 및 예측

Exterior Architectural Coatings Market Size And Forecast

The Exterior Architectural Coatings Market size was valued at USD 33.04 Billion in 2023 and is projected to reach USD 49.65 Billion by 2031 , growing at a CAGR of 5.22% from 2024 to 2031. Exterior architectural coatings are specialized paints or coatings applied to the exterior surfaces of buildings and structures to protect them, improve their aesthetics, and extend the substrate's lifespan. These coatings are designed to withstand a variety of environmental variables, including UV radiation, moisture, temperature changes, and contaminants, preventing deterioration and corrosion of the underlying components. They are made up of a combination of pigments, binders, additives, and solvents designed to provide durability, weather resistance, and color retention.

Furthermore, exterior architectural coatings have a wide range of applications in residential, commercial, and industrial contexts, including concrete, stucco, wood, metal, and masonry. In new buildings or renovation projects, these coatings help retain structural integrity and reduce long-term maintenance costs.

Exterior Architectural Coatings Market Dynamics

The key market dynamics that are shaping the Exterior Architectural Coatings Market include:

Key Market Drivers

Increased Construction Activities:

The global expansion in residential and commercial buildings is a major driver of the Exterior Architectural Coatings Market. Urbanization, population growth, and economic development cause more buildings to be built, increasing the need for external coatings to protect and improve these structures.

Technological Advancements and Product Innovation:

Advancements in coating technology, such as the creation of more durable, sustainable, and ecologically friendly coatings, have a substantial impact on market growth. Consumer demand for higher-quality finishes and sustainable solutions is fulfilled by innovations that provide greater performance, such as extended lifespan, weather resistance, UV protection, and low VOC emissions.

Regulatory and Environmental Concerns:

Increasingly rigorous regulations regarding the environment around the world are forcing the coatings industry to produce more eco-friendly products. This includes the transition from solvent-based to water-based coatings, which emit fewer VOCs. Such rules not only encourage innovation but also affect customer preferences, resulting in increased demand for green and sustainable coating solutions.

Aesthetic and Preservation Needs:

The desire to improve the aesthetic appeal of buildings while preserving architectural elements drives the demand for high-quality exterior coatings. These coatings come in a variety of textures, finishes, and colors, allowing you to customize and beautify your structures. Furthermore, the requirement to protect buildings from a variety of external variables, such as moisture, temperature variations, and pollution, drives the demand for long-lasting and protective coatings.

Key Challenges:

Increasing Competition from Low-Cost Producers:

The development of low-cost producers in emerging markets such as China and India is placing pressure on existing firms. These producers provide lower prices due to decreased labor costs and environmental laws. This increased competition from low-cost producers acts as a significant challenge for the market.

Balancing Sustainability and Performance:

Growing environmental concerns are driving demand for low-VOC coatings containing recycled content and bio-based components. However, these alternatives struggle to match the durability and performance of traditional coatings, resulting in a trade-off for both manufacturers and customers. As a result, balancing sustainability and performance is a difficult task in this market.

Key Trends:

Sustainability and Eco-friendliness:

Due to the environmental benefits of aqueous coatings over solvent-borne kinds, there is a significant trend towards waterborne coatings. These coatings have high adhesive properties, resistance to heat and abrasion, anti-corrosion properties, and are environmentally safe due to their low VOC and HAP content. This trend is driven by regulatory demands and consumer desire for environmentally friendly and less harmful products.

Residential Construction Driving Demand:

The residential sector is experiencing an increase in demand for external architectural coatings, driven by global increases in residential construction activity. Significant expenditures in residential projects in nations such as Vietnam and the United States illustrate the residential sector's market dominance. Residential building is a key factor driving the Exterior Architectural Coatings Market, aligning with economic and social trends towards urbanization and housing.

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Exterior Architectural Coatings Market Regional Analysis

Here is a more detailed regional analysis of the Exterior Architectural Coatings Market:

Asia Pacific:

Asia Pacific is estimated to dominate the Exterior Architectural Coatings Market during the forecast period. The region is a powerhouse for coatings innovation and manufacture, with countries such as China and India standing at the forefront of technical breakthroughs. A strong supply chain and R&D expenditures enable the production of high-quality coating products at reasonable prices.

The Asia Pacific region is witnessing fast urbanization and a construction boom, with significant expenditures in residential, commercial, and infrastructural development. As a result, construction in Vietnam, China, and India is increasing demand for external architectural coatings for new and renovated buildings.

The region's expanding middle class and rising discretionary income levels are fueling a surge in demand for better housing and infrastructure. Consumers seeking better living conditions and aesthetics are increasing their use of decorative and protective coatings due to the socio-economic transition.

Furthermore, governments in the Asia-Pacific region are enforcing stricter environmental restrictions, driving the market towards more sustainable and eco-friendly coating options. The regulatory environment encourages the use of aqueous and low-VOC coatings, coinciding with worldwide sustainability trends.

North America:

North America's emphasis on innovation in the coatings business results in the development of high-performance products with improved durability, weather resistance, and aesthetic appeal. This drive for innovation meets the region's stringent building regulations and consumer expectations, resulting in a high demand for innovative architectural coatings. Hence, enabling the region to exhibit rapid growth over the forecast period.

The region is characterized by strict environmental rules that govern the architectural coatings industry. These laws increase demand for eco-friendly products with fewer VOC emissions, encouraging manufacturers to invest in sustainable and green coating technologies, thereby altering market dynamics.

North America is experiencing a significant increase in the rehabilitation and maintenance of old infrastructure. The aging building stock needs maintenance, which drives demand for external architectural coatings that can protect and extend the life of buildings, leading to market growth.

Furthermore, North America's economic expansion supports its robust building industry, which includes residential, commercial, and industrial projects. The existing and planned construction activities generate a consistent demand for architectural coatings, fueling the growth of the Exterior Architectural Coatings Market in the region.

Europe:

Europe is at the forefront of sustainability and environmental preservation, with stringent VOC emission restrictions and a strong push for green building methods. This regulatory environment increases demand for environmentally friendly and sustainable architectural coatings, stimulating innovation in low-VOC, waterborne, and bio-based materials.

Europe's rich heritage of culture, as well as the need to preserve ancient buildings, drive demand for architectural coatings that provide both aesthetic qualities and protection from weathering and environmental damage. This includes specialized coatings for restoration projects that meet conservation criteria.

The European market is distinguished by its high-quality standards and affinity for modern technology. Manufacturers invest in R&D to create coatings with improved features such as increased durability, resistance to adverse weather, and energy efficiency, satisfying the high demands of the European building sector.

Following the recession, Europe experienced a sustained economic recovery, which resulted in increased investment in construction and infrastructure projects. This economic upturn increases demand for architectural coatings in both new building and rehabilitation sectors, hence promoting regional market growth.

Exterior Architectural Coatings Market: Segmentation Analysis

The Exterior Architectural Coatings Market is Segmented based on Resin Type, Technology, Product, Application, And Geography.

Exterior Architectural Coatings Market, By Resin Type

• Acrylic
• Epoxy
• Polyester
• Alkyd
• Polyurethane

Based on Resin Type, the market is segmented into Acrylic, Epoxy, Polyester, Alkyd, and Polyurethane. The acrylic resin segment is estimated to dominate the Exterior Architectural Coatings Market due to their extraordinary qualities, which include high weathering resistance, durability, and color retention, making them the preferred material for exterior paints. These resins are particularly appreciated for their capacity to protect structures against UV radiation, moisture, and temperature variations, which helps to explain their market domination. The robust polymeric structure of acrylic resins, combined with their ability to retain color vibrancy and improve substrate durability, explains their extensive use and market demand.

Exterior Architectural Coatings Market, By Technology

• Solvent Borne
• Water Borne

Based on Technology, the market is segmented into Solvent Borne and Water Borne. The waterborne segment is estimated to dominate the market over the forecast period due to the segment's eco-friendliness, fewer volatile organic compound (VOC) emissions, and adherence to strict environmental laws. Waterborne coatings are preferred over solvent-borne alternatives due to their simplicity of application, rapid drying times, and lower environmental effects. The growing awareness and regulatory pressure to reduce VOC emissions has considerably increased the popularity of water-based coatings.

Exterior Architectural Coatings Market, By Product

• Primer
• Emulsion
• Enamel

Based on Product, the market is segmented into Primer, Emulsion, and Enamel. The emulsion segment is estimated to exhibit the highest growth in the forecast period in the Exterior Architectural Coatings Market. Emulsion coatings, which are recognized for their aqueous qualities, are gaining popularity due to their lower volatile organic compound (VOC) emissions as compared to solvent-based alternatives. This quality is especially important given strict global rules aimed at decreasing environmental impact and improving sustainability in construction operations. Furthermore, emulsion coatings provide great durability, weather resistance, and aesthetic versatility, making them an excellent choice for outdoor applications in residential as well as commercial environments.

Exterior Architectural Coatings Market, By Application

• Residential
• Non-residential

Based on Application, the market is segmented into Residential and Non-Residential. The residential segment is estimated to hold the major share in the Exterior Architectural Coatings Market due to the enormous increase in residential construction activities worldwide, which is driven by urbanization and population expansion. The residential sector benefits from advances in coating technology, such as the development of eco-friendly, long-lasting, and aesthetically beautiful coatings that meet the growing consumer demand for high-quality home finishes. These coatings are intended to protect homes from a variety of external variables, increasing longevity and lowering maintenance expenses. Furthermore, government measures in several countries to promote residential development through loans and subsidies have accelerated the expansion of this market.

Key Players

• The "Global Exterior Architectural Coatings Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are
• AkzoNobel, PPG Industries, Sherwin-Williams, Nippon Paint Holdings, RPM International Inc., BASF SE, DuPont de Nemours Inc., Weyerhaeuser Company, Kansai Paint Co., Ltd., Benjamin Moore & Co., Jotun, Sigma Coatings, Hempel, Valspar Corporation, Covestro AG, Wacker Chemie AG, Eastman Chemical Company, and Dow Chemical Company.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In February 2024, AkzoNobel announced a strategic partnership with Borealis to develop and commercialize circular bio-based coatings for the building and construction industries. This attempts to lessen our reliance on fossil fuels and develop more sustainable building materials.
• In February 2024, PPG Industries introduced its new Envirothane(R) Endura XP low-VOC aqueous acrylic coating, which is specifically suited for high-traffic exterior applications. This coating provides increased durability, stain resistance, and cleanability.
• In January 2024, Sherwin-Williams released its 2023 Global Colour Forecast, which highlights important color trends predicted to influence architectural design. The prediction emphasizes nature-inspired tones and relaxing neutrals, reflecting the increased interest in biophilic design and wellness environments.
• In January 2024, Nippon Paint Holdings announced the acquisition of PPG's architectural coatings division in India. This deal enhances Nippon's position in the expanding Indian market and broadens its product offerings.

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL EXTERIOR ARCHITECTURAL COATINGS MARKET

• 1.1 Overview of the Market
• 1.2 Scope of Report
• 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

• 3.1 Data Mining
• 3.2 Validation
• 3.3 Primary Interviews
• 3.4 List of Data Sources

4 GLOBAL EXTERIOR ARCHITECTURAL COATINGS MARKET OUTLOOK

• 4.1 Overview
• 4.2 Market Dynamics
  • 4.2.1 Drivers
  • 4.2.2 Restraints
  • 4.2.3 Opportunities
• 4.3 Porters Five Force Model
• 4.4 Value Chain Analysis

5 GLOBAL EXTERIOR ARCHITECTURAL COATINGS MARKET, BY RESIN TYPE

• 5.1 Overview
• 5.2 Acrylic
• 5.3 Epoxy
• 5.4 Polyester
• 5.5 Alkyd
• 5.6 Polyurethane

6 GLOBAL EXTERIOR ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY

• 6.1 Overview
• 6.2 Solvent Borne
• 6.3 Water Borne

7 GLOBAL EXTERIOR ARCHITECTURAL COATINGS MARKET, BY PRODUCT

• 7.1 Overview
• 7.2 Primer
• 7.3 Emulsion
• 7.4 Enamel

8 GLOBAL EXTERIOR ARCHITECTURAL COATINGS MARKET, BY APPLICATION

• 8.1 Overview
• 8.2 Residential
• 8.3 Non-residential

9 GLOBAL EXTERIOR ARCHITECTURAL COATINGS MARKET, BY GEOGRAPHY

• 9.1 Overview
• 9.2 North America
  • 9.2.1 U.S.
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 U.K.
  • 9.3.3 France
  • 9.3.4 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 China
  • 9.4.2 Japan
  • 9.4.3 India
  • 9.4.4 Rest of Asia Pacific
• 9.5 Rest of the World
  • 9.5.1 Latin America
  • 9.5.2 Middle East and Africa

10 GLOBAL EXTERIOR ARCHITECTURAL COATINGS MARKET COMPETITIVE LANDSCAPE

• 10.1 Overview
• 10.2 Company Market Ranking
• 10.3 Key Development Strategies

11 COMPANY PROFILES

• 11.1 AkzoNobel
  • 11.1.1 Overview
  • 11.1.2 Financial Performance
  • 11.1.3 Product Outlook
  • 11.1.4 Key Developments
• 11.2 PPG Industries
  • 11.2.1 Overview
  • 11.2.2 Financial Performance
  • 11.2.3 Product Outlook
  • 11.2.4 Key Developments
• 11.3 Sherwin-Williams
  • 11.3.1 Overview
  • 11.3.2 Financial Performance
  • 11.3.3 Product Outlook
  • 11.3.4 Key Developments
• 11.4 Nippon Paint Holdings
  • 11.4.1 Overview
  • 11.4.2 Financial Performance
  • 11.4.3 Product Outlook
  • 11.4.4 Key Developments
• 11.5 RPM International Inc.
  • 11.5.1 Overview
  • 11.5.2 Financial Performance
  • 11.5.3 Product Outlook
  • 11.5.4 Key Developments
• 11.6 BASF SE
  • 11.6.1 Overview
  • 11.6.2 Financial Performance
  • 11.6.3 Product Outlook
  • 11.6.4 Key Developments
• 11.7 DuPont de Nemours Inc.
  • 11.7.1 Overview
  • 11.7.2 Financial Performance
  • 11.7.3 Product Outlook
  • 11.7.4 Key Developments
• 11.8 Weyerhaeuser Company
  • 11.8.1 Overview
  • 11.8.2 Financial Performance
  • 11.8.3 Product Outlook
  • 11.8.4 Key Developments
• 11.9 Kansai Paint Co., Ltd.
  • 11.9.1 Overview
  • 11.9.2 Financial Performance
  • 11.9.3 Product Outlook
  • 11.9.4 Key Developments
• 11.10 Benjamin Moore & Co.
  • 11.10.1 Overview
  • 11.10.2 Financial Performance
  • 11.10.3 Product Outlook
  • 11.10.4 Key Developments

12 KEY DEVELOPMENTS

• 12.1 Product Launches/Developments
• 12.2 Mergers and Acquisitions
• 12.3 Business Expansions
• 12.4 Partnerships and Collaborations

13 Appendix

• 13.1 Related Research