The Asia Pacific Architectural Coatings Market is expected to witness market growth of 5.8% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 10,652.1 kilo tonnes, showcasing a growth of 25.9% (2020-2023).
The residential segment in architectural coatings encompasses a wide range of applications including interior and exterior walls, ceilings, floors, and decorative elements. Coatings used in residential settings must address aesthetic preferences, durability, and ease of maintenance. Products in this segment include paints, primers, stains, and finishes designed to enhance the visual appeal of homes while providing protection against wear and environmental factors. Thus, the Chinese market consumed 2,735.05 kilo tonnes of this chemical in residential applications in 2023.
The China market dominated the Asia Pacific Architectural Coatings Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD12.07 billion by 2031. The Japan market is registering a CAGR of 5.3% during 2024-2031. Additionally, the India market would showcase a CAGR of 6.6% during 2024-2031.
Fire-resistant coatings are essential for improving the fire safety of buildings. They help prevent the spread of flames and reduce smoke generation, providing valuable time for occupants to evacuate in the event of a fire. These coatings are used in both residential and commercial buildings to meet fire safety regulations. Graffiti vandalism is a significant concern in urban areas, and anti-graffiti coatings help mitigate the damage caused by graffiti tagging.
These coatings form a protective barrier, allowing easy graffiti removal without damaging the underlying surface. They are commonly used on public buildings, bridges, and transportation infrastructure. Waterproofing coatings protect against water infiltration, preventing damage to building materials and structural components. These coatings are used in basements, foundations, roofs, and other areas prone to water damage. They contribute to a building's longer lifespan and lower the chance of mold, mildew, and structural deterioration.
Transportation infrastructure expansion and modernization, including roads, bridges, railways, airports, and ports, drive demand for protective coatings in Asia Pacific. Coatings protect infrastructure assets from corrosion, abrasion, and environmental damage, extending their service life and reducing maintenance costs in Asia Pacific. Urban renewal and redevelopment projects in major cities drive demand for architectural coatings for building renovation and rejuvenation in Asia Pacific.
Coatings are used to refresh and modernize the appearance of existing buildings, improve energy efficiency, and enhance urban aesthetics in Asia Pacific. Increasing demand for residential properties, driven by rising incomes, urbanization, and population growth, fuels the residential construction boom in Asia Pacific countries. Therefore, due to the above-mentioned factors, the architectural coatings market will grow significantly in this region.
The residential segment in architectural coatings encompasses a wide range of applications including interior and exterior walls, ceilings, floors, and decorative elements. Coatings used in residential settings must address aesthetic preferences, durability, and ease of maintenance. Products in this segment include paints, primers, stains, and finishes designed to enhance the visual appeal of homes while providing protection against wear and environmental factors. Thus, the Chinese market consumed 2,735.05 kilo tonnes of this chemical in residential applications in 2023.
The China market dominated the Asia Pacific Architectural Coatings Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD12.07 billion by 2031. The Japan market is registering a CAGR of 5.3% during 2024-2031. Additionally, the India market would showcase a CAGR of 6.6% during 2024-2031.
Fire-resistant coatings are essential for improving the fire safety of buildings. They help prevent the spread of flames and reduce smoke generation, providing valuable time for occupants to evacuate in the event of a fire. These coatings are used in both residential and commercial buildings to meet fire safety regulations. Graffiti vandalism is a significant concern in urban areas, and anti-graffiti coatings help mitigate the damage caused by graffiti tagging.
These coatings form a protective barrier, allowing easy graffiti removal without damaging the underlying surface. They are commonly used on public buildings, bridges, and transportation infrastructure. Waterproofing coatings protect against water infiltration, preventing damage to building materials and structural components. These coatings are used in basements, foundations, roofs, and other areas prone to water damage. They contribute to a building's longer lifespan and lower the chance of mold, mildew, and structural deterioration.
Transportation infrastructure expansion and modernization, including roads, bridges, railways, airports, and ports, drive demand for protective coatings in Asia Pacific. Coatings protect infrastructure assets from corrosion, abrasion, and environmental damage, extending their service life and reducing maintenance costs in Asia Pacific. Urban renewal and redevelopment projects in major cities drive demand for architectural coatings for building renovation and rejuvenation in Asia Pacific.
Coatings are used to refresh and modernize the appearance of existing buildings, improve energy efficiency, and enhance urban aesthetics in Asia Pacific. Increasing demand for residential properties, driven by rising incomes, urbanization, and population growth, fuels the residential construction boom in Asia Pacific countries. Therefore, due to the above-mentioned factors, the architectural coatings market will grow significantly in this region.
List of Key Companies Profiled
- PPG Industries, Inc.
- Wacker Chemie AG
- Nippon Paint Holdings Co., Ltd.
- The Sherwin-Williams Company
- BASF SE
- The Dow Chemical Company
- 3M Company
- Kansai Paint Co., Ltd.
- Akzo Nobel N.V.
- Arkema S.A.
Market Report Segmentation
By Technology (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Water Borne
- Solvent Borne
By End-Use (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Residential
- Non-Residential
By Resin Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Acrylic
- Alkyd
- Epoxy
- Polyurethane
- Polyester
- Other Resin Types
By Function (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Ceramics
- Inks
- Lacquers
- Paints
- Powder Coatings
- Primers
- Sealers
- Stains
- Varnishes
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Architectural Coatings Market by Technology
Chapter 5. Asia Pacific Architectural Coatings Market by End-Use
Chapter 6. Asia Pacific Architectural Coatings Market by Resin Type
Chapter 7. Asia Pacific Architectural Coatings Market by Function
Chapter 8. Asia Pacific Architectural Coatings Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Some of the key companies in the Asia-Pacific Architectural Coatings Market include:- PPG Industries, Inc.
- Wacker Chemie AG
- Nippon Paint Holdings Co., Ltd.
- The Sherwin-Williams Company
- BASF SE
- The Dow Chemical Company
- 3M Company
- Kansai Paint Co., Ltd.
- Akzo Nobel N.V.
- Arkema S.A.
Methodology
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