The global chemical industry is likely to witness huge growth in the upcoming years as the construction boom, particularly in Asia-emerging Pacific's economies. Changes in consumer preferences and an increase in public awareness regarding the safety and VOC emissions of architectural coatings are also driving the market. In addition, the shift from solvent-borne to water-borne formulations is expected to contribute to the growth of the global architectural coatings market over the forecast period.

However, stringent government regulations against the harmful VOCs emitted by particular architectural coatings may impede market expansion. The development of green coatings is anticipated to generate several market expansion opportunities. In terms of safety and VOC emissions, these coatings conform to the requirements of regulatory bodies.

During the COVID 19 pandemic, the architectural coatings industry was affected by a lack of subcontractors and raw materials, disruptions in the supply chain, partial or suspended production, and travel restrictions, all of which affected demand from the architectural, automotive, and aerospace sectors. Post-COVID-19 pandemic demand for architectural coatings is anticipated to be driven by an increase in demand from the construction and general industrial sectors. Moreover, the expansion of nanocoating's application areas creates growth opportunities.

The demand for exterior architectural coatings that shield a building from moisture, ultraviolet radiation, and microorganisms is growing. In addition, the increasing demand for architectural coatings with a wider range of colors, greater consistency, and enhanced durability has led to the development of a vast selection of eco-friendly, higher-quality options.

The Azoth Analytics research report titled ‘Global Architectural Coating Market Factbook (2022 Edition)’ has been analyzed By Type (Acrylic, Epoxy, Polyurethane, Polyester, Others), By Technology (Water Borne, Solvent Borne), By End Use (Residential & Commercial). The Global Architectural Coating Market has been analyzed By Region (Americas, Europe, APAC, MEA) and By Country (United States, Canada, Brazil, Germany, Italy, France, China, Japan, India, Australia). The market has been assessed for the historical period of 2018-2021 and the forecast period of 2023-2028. The companies profiled in the report include PPG Industries, AkzoNobel, BASF SE, Sherwin-Williams, Axalta Coating Systems, Nippon Paints, RPM International Inc., Asian Paints, Kansai Paint, Jotun.

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https://www.azothanalytics.com/report/chemicals-and-materials/global-architectural-coating-market-2022-edition-analysis-by-type-technology-end-use-by-region-by-country-market-insights-and-forecast-with-impact-of-covid-19-2023-2028

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