Fast Market Research announces the availability of the new TechNavio report, "Global Interior Architectural Coatings Market 2015-2019 - Market Research Report", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 09/17/2015 -- Coatings are products used to protect a surface and/or enhance its appearance. Architectural coatings are applied to commercial and residential buildings. They protect a building from moisture, UV radiation, and microbes. Paints, primers, lacquers, varnishes, and stains are some of the primary types of architectural coating products. These are formulated using resins such as acrylic, alkyds, polyester, and polyurethane. The market can be broadly classified into two major types of coating technologies: solvent-borne and water-borne.
Technavio's analysts forecast the global interior architectural coatings market to grow at a CAGR of 5.88% over the period 2014-2019.
Commenting on the report, an analyst from Technavio's team said: "Vendors are focusing on unique color schemes to differentiate their products and attract buyers. Unique colors are being introduced by vendors, followed by the implementation of marketing communication programs to enhance brand awareness. The market is expected to see an increase in the use of different color combinations to enhance the aesthetic appeal of the coated surface. Key vendors in the market are also focusing on the introduction of metallic paints that end-users can use to highlight surfaces. Tikkurila offers such products."
Get More Details on this Report and a Full Table of Contents at Global Interior Architectural Coatings Market 2015-2019 - Market Research Report
According to the report, increasing investments in the development of infrastructure in APAC and Latin America have contributed to the growing demand for interior architectural coatings, especially from the commercial sector. The growth of the housing market in various countries in APAC and Latin America such as Peru, Colombia, Chile, India, Thailand, Philippines, and Indonesia has led to an increase in demand for interior architectural coatings from residential end-users.
Further, the report states that declining demand for solvent-borne architectural coatings in these regions is a major challenge for vendors.
The key players in the Global Interior Architectural Coatings Market are AkzoNobel, PPG, Sherwin-Williams, Valspar, BASF, Nippon, Asian Paints, DAW, Benjamin Moore and Masco while other prominent vendors include Adex, Axalta, Berger Paints, Brillux, Colorado Paint, Dulux, Dunn-Edwards, IFS Coatings, Jotun, Kansai, KEIM Mineral Coatings, Kelly-Moore, Materis, Meffert, Morrells, Pintuco, RPM, Schaepman, Tikkurila, and Tnemec.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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