Paints & Coatings Market - Global Forecast to 2026Īnti-Graffiti Coatings Market - Global Forecast to 2023 ( The Netherlands), BASF Coating GMBH ( Germany), Jotun A/s ( Norway), Asian Paints Limited ( India), Kansai Paint Co., Ltd ( Japan), Nippon Paint Holding Co., Ltd ( Japan), RPM International, Inc (US), Masco Corporation (US), and others.īrowse Adjacent Market: Coatings Adhesives Sealants and Elastomers Market Research Reports & Consulting Major players operating in the architectural coatings include The Sherwin-Williams Company (US), PPG Industries, Inc (US), AkzoNobel N.V. As a result, the government in the country is focusing on the development of construction and infrastructure services through various policies such as large budget allocations, open FDI, the Make in India initiative, and smart cities mission.
The construction sector contributed 7.6% of India's overall GDP in 2021. Asia Pacific is driving demand for acrylic architectural coatings due to the region's expanding building sector. They cure by water evaporation, have a decent degree of cohesive strength, and adhere well to most roof surfaces. Water-based paint suspends paint pigments in water, lowering VOC emissions and making these coatings more ecologically friendly.Īcrylic segment is expected to account for the largest share in 2023.Īcrylic coatings are aqueous, easy to apply, and reasonably priced they work well in a variety of applications, including roof and wall coating. As these solvents evaporate, harmful volatile organic compounds (VOCs) are released into the atmosphere. Solvents are used in liquid coatings to suspend paint pigments.
Many residential and non-residential buildings are now painted with at least some layers of water-based paint. They typically comprise 70-80% water and minor quantities of additional solvents, such as glycol ethers. Water-based coatings are coating systems that employ water as the primary solvent to spread the resin. Waterborne coating segment is expected to account for the largest share in 2023. Browse in-depth TOC on "Architectural Coatings Market"
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