Fact.MR has announced the addition of the “ Architectural Coatings Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028"report to their offering.
Pune,India-- (SBWIRE) -- 02/13/2019 -- Key Insights- Architectural Coatings Market
Top 6 Players Hold Nearly 1/3rd Revenue Share in Architectural Coatings Market
Top 6 players in the architectural coatings market account for nearly 1/3rd of the revenue share, upheld by their operations worldwide and robust sales infrastructure. The leading players in the market are focusing on global expansion with new product launches, acquisitions, and opening new facilities in various countries.
PPG Industries Inc., one of the top 6 players with focus on acquisition and enhancing distribution capabilities has acquired ProCoatings, architectural coatings and paint wholesaler in The Netherlands. Moreover, the company is also developing new distribution center for architectural paint and coatings in Texas.
Another major player, Sherwin Williams has introduced Minwax performance series with redesigned color palette and interior stain design center. Meanwhile, Axalta has also opened world's largest coatings research and development center in Philadelphia.
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Strengthening manufacturing and distribution center is one of the key strategies adopted by leading players to expand their global footprint in the architectural coatings market.
Manufacturers in architectural coatings market are focusing on maintaining balance between low VOC level and high-quality products to meet consumer demand and meet the performance gap between low VOC and traditional coating products.
Moreover, green building standards in some countries relating to indoor air quality and growing desire for low odor interior has also resulted in increased production and demand for ultra-low and zero VOC paints and architectural coatings.
Regulatory Changes Driving Shift to Water-based Coatings Remain Challenge for Coating Manufacturers
Solvent-based coatings are used widely owing to their low-cost, superior film-forming characteristics, and ease of application. However, introduction of stringent VOC and other regulations worldwide is driving shift from solvent-based to water-based architectural coatings. Manufacturers in the architectural coatings market are constantly struggling to enhance the performance of water-based coatings and minimize its cost. Manufacturers are also finding ways to maintain low Minimum Film Formation Temperature (MFFT) and at the same time ensuring hardness of the dried film in water-based coatings.
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The architectural coatings market report provides information on all the leading companies in the market. The report also provides SWOT analysis along with the dashboard view of the major players in the architectural coatings market. Key developments, market share, business strategies of each player in the architectural coatings market is offered in the report.
Increasing number of companies in the architectural coatings market are planning to expand themselves in regional markets through partnerships and mergers and acquisitions. New product development is also one of the strategies of most of the key players in the architectural coatings market.
PPG Industries Inc. has launched advanced passive fire-protection coating known as PPG PITT-CHAR NX. The coating eliminate cracking and delamination risk during transportation, fabrication and construction.
Architectural coatings include paints, specialty coatings, sealers, and other coatings used to coat buildings and homes. These coatings are designated to provide protective and decorative layer on architecture in both exterior and interior applications. Most of the architectural coatings are typically applied using rollers, sprayers, brushes and other applications.
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About the Report
The report on the architectural coatings market provides valuable insights and forecast on the market. The information on all the important factors influencing the growth in the architectural coatings market are also provided in the report. The objective of the report is to offer exclusive information on the architectural coatings market and help companies to plan strategies accordingly. The report on the architectural coatings market also offers information on the growth opportunities.
The architectural coatings market is segmented on the basis of resin type, application, and formulation type. The key segments are further divided into sub-segments in order to offer clear picture on the growth of the architectural coatings market.
Based on the resin type, the architectural coatings market is segmented into Fluoropolymers, Acrylics, Metallic Additive, Urethanes, and others (epoxy, poly alkyds, and amines). On the basis of application the market segmentation includes residential and non-residential. Based on the formulation type, the architectural coatings market is further segmented into Water Bourne and Solvent Bourne.
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Additional Questions Answered
The report on the architectural coatings market also provide answers to some of the important questions.
Which is the most dominating region in the architectural coatings market?
What will be the volume share of water borne formulation in the architectural coatings market?
Which will be the top-selling product in the architectural coatings market
What is the revenue share of APEJ in the architectural coatings market?
The forecast and key insights offered in the report on architectural coatings market are based on the unique research methodology. Both primary and secondary research has been done to provide correct data and insights on the architectural coatings market.
The information on the architectural coatings market has been obtained from various sources. The information collected is also cross-checked with valid data sources. Actionable insights on the architectural coatings market have been offered to help clients to take business decisions and plan successful business strategies.
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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