Global architectural coatings market is projected to register a substantial CAGR of 6.3% in the forecast period of 2019 to 2026.
The Architectural Coatings Market document covers all the market shares and approaches of the major competitors or the key market players. The highlights about competitive landscape covered in this report plays very important role in deciding about the enhancements required in the product already in the market or the future product. This industry analysis report also performs systemic analysis of growth trends and future prospects. Besides, this market report consists of an extensive evaluation of the markets growth prospects and restrictions. Global Architectural Coatings Market analysis report provides an utter background analysis of the ABC industry along with an assessment of the parental market.
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Unlock new opportunities in Architectural Coatings Market; the latest release from Data Bridge Market Research highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider to gain better insights.
Let’s know why the report is worth considering-
o Utilizes Powerful Tools and Methodologies-: The Architectural Coatings Market has been evaluated and analyzed utilizing various powerful market research tool and methodologies such as SWOT analysis, income feasibility analysis, PEST analysis and PORTER’s Five Forces analysis. These tools analyze the competitive forces prevailing in the market which somehow affects the market growth.
o Performs Competitive Analysis: The Architectural Coatings Market report incorporates the detailed analysis of the leading organizations and their thought process and what are the methodologies they are adopting to maintain their brand image in this market. The report aides the new bees to understand the level of competition that they need to fight for to strengthen their roots in this competitive market.
Few of the leading organizations’ names are listed here- Akzo Nobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, NIPSEA Group, BASF SE, Asian Paints Limited, Axalta Coating Systems, LLC, Brillux GmbH & Co. KG, Colorado Commercial & Residential Painting, IFS Coatings, Kansai Paint Co., Ltd., KEIM Mineral Coatings of America, Inc., Kelly-Moore Paints, Masco Corporation, RPM International Inc. among others.
Conducts Overall Architectural Coatings Market Segmentation :
o On the basis of resin type, the market is segmented into acrylic, alkyds, epoxy, polyurethane, polyesters, vinyl acetate-ethylene (VAE) and others.
o In September 2019, PPG Industries, Inc. launched PPG Services, digitally enabled service. This platform is used for businesses which has multiple facilities in the U.S. This identifies and connects professional painters and general painting maintenance project. This service launch will help to build long term growth strategy by delivering digital solutions.
o On the basis of technology, the market is segmented into waterborne and solventborne.
o In September 2019, AXALTA Coating Systems, LLC has acquired Capital Paints, powder coatings manufacturing company based in UAE. This company has specialized in thermosetting powder coatings manufacturing for architectural powder coatings. This acquisition has been done for the strategic expansion of their powder coating business in Middle East and North Africa (MENA) region.
o On the basis of function, the market is segmented into ceramics, lacquers, paints, powder coatings, primers, sealers, stains, varnishes and others.
o In August 2019, NIPSEA GROUP acquired DuluxGroup Ltd., an Australian paint maker for USD 2.71 billion. This acquisition benefits the company to expand its business in Australia and New Zealand.
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o In August 2019, Akzo Nobel N.V. launched a digital colour sensor, which supports professionals. The tiny mobile device can scan any object color correctly. Then it connects to an application that matches the exact paint color. It helps to match the colour choices of customers in seconds. The company strengthens the product portfolio with digital colour sensor launch, thus, this will help the company to enhance the sales and revenue.
o In June 2019, The Sherwin-Williams Company launched ColorSnap Color ID, which is a collection of eight personality-based color palettes. This product is designed to help customers in terms of ease of discover and select colors. This development helps the company to attract more customers by offering them flexibility to choose the color of their choice.
o In November 2018, Nippon Paint (India) Company Limited launched paints specially designed for kids. This product has properties such as anti-bacterial, anti-formaldehyde, superior washable technologies and anti-viral properties. This product launch was aimed to cater the very niche segment – the kids’ rooms and increase customer base.
Why to purchase this report?
Following are the reasons to consider this Architectural Coatings Market report:
o This ultimate guide will help you stay ahead in market as it furnishes you with the profiles of the key market players and their working methodologies and their decision making capabilities.
o The report analyzes various factors which act as drivers and restraints to development the overall Architectural Coatings Market.
o This report not only analyzes present market condition but it likewise estimates how the Architectural Coatings Market is going to perform for estimated time period of 2019-2026.
o It enables you to adopt smart methodologies and form better decisions by giving a clear idea about customer’s requirement and preferences regarding the product in particular region.
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