global architectural coatings market 2015-2019
TRANSCRIPT
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Global Architectural Coatings Market 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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Key Trends
Technavio’s Senior Analyst says, “Over the years, the global architectural coatings market has witnessed continuous innovation, with vendors focusing on the introduction of eco-friendly products and products with functional benefits. Today, wood coatings are developed to meet customer needs and are largely customized to offer benefits such as graffiti-resistance and self-cleaning characteristics. The market is also witnessing an increasing demand for high-performance coatings for exterior applications.”
• Coatings are products used to protect a surface and/or enhance its appearance. Architectural coatings are applied to commercial and residential buildings to protect them from elements such as moisture, UV radiation, and microbes. Paints, primers, lacquers, varnishes, and stains are some of the major types of architectural coatings.
• Technavio's analysts forecast the global architectural coatings market to grow at a CAGR of 5.76% during 2014-2019.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Global Architectural Coatings Market 2015-2019
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Vendors
To understand the vendor landscape and for a full list
of vendors view our report:
Global Architectural Coatings Market 2015-2019
AkzoNobel
Asian Paints
BASF
AkzoNobel was founded in 1994 and is headquartered in Amsterdam, Netherlands. The company was formed as a result of the merger between Akzo and Nobel Industries. It is one of the leading manufacturers and suppliers of specialty chemicals, paints, and performance coatings worldwide.
Asian Paints was founded in 1942 and is headquartered in Mumbai, India. It is one of the leading paint companies that manufactures and sells a wide range of paints for decorative and industrial purposes.
BASF was established in 1865 and is headquartered in Ludwigshafen Am Rhein, Rhineland-Palatinate, Germany. The company’s products and solutions engage in nutrition, conserving resources, and improving quality of life.
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Market Landscape
• The market is expected to witness strong growth during the forecast period, with revenue posting a greater CAGR than consumption volume.
• Prices of architectural coatings will rise at a steady pace, with high-value applications such as facade coatings contributing substantially to revenue growth.
• Premium products are likely to be preferred in developed regions such as North America and Western Europe.
• However, increasing disposable income of consumers in emerging markets and a growing need for durable architectural coatings that reduce the frequency of renovation suggest that the uptake of premium products will be greater than in the previous five years.
• The low-cost and high-performance architectural coatings that are offered by several regional vendors will also be in considerable demand.
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Market Outlook• The market is dominated by global vendors of paints and coatings such as
AkzoNobel, PPG, Sherwin-Williams, and Valspar.
• Vendors compete on the basis of five major factors: price, innovation, quality and performance, distribution channels, and branding.
• Key vendors in the market also provide consultation services, which several buyers, such as professionals, seek during product usage.
• However, buyers of architectural coatings in various developed and emerging regions differ in their opinion about the importance of these factors, as shown in the exhibit above.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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