The Latest Architectural Coatings Industry Statistics Explained
The Global Architectural Coatings Market size was valued at USD 68.96 billion in 2020.
The statistic indicates that the Global Architectural Coatings Market was valued at USD 68.96 billion in the year 2020. This figure reflects the total market value of architectural coatings, which are products used for painting and coating walls, floors, and other interior and exterior surfaces in buildings. The market size value illustrates the economic significance and scale of the architectural coatings industry globally in 2020, encompassing all sales and revenues generated from these products within that year. This statistic provides insight into the demand and market growth in the architectural coatings sector, serving as a key indicator for stakeholders, investors, and industry analysts to understand the size and trends of this specific market segment.
The Architectural Coatings market is anticipated to grow at a CAGR of 4.9% from 2021 to 2026.
This statistic indicates that the Architectural Coatings market is projected to experience a Compound Annual Growth Rate (CAGR) of 4.9% from the year 2021 to 2026. The CAGR is a measure used to understand the average annual growth rate of a market over a specified period. In this case, the anticipated growth rate of 4.9% suggests that the Architectural Coatings market is expected to steadily expand over the next five years. This information is valuable for industry analysts, investors, and stakeholders to forecast market trends and make informed decisions regarding investments and business strategies within the Architectural Coatings sector.
Asia-Pacific is projected to lead the global architectural coatings markets from 2020 to 2026.
The statistic indicates that the Asia-Pacific region is expected to experience the highest growth and dominance in the global architectural coatings market between 2020 and 2026. This forecast implies that countries within the Asia-Pacific region will likely witness increased demand for architectural coatings, used for painting buildings and other structures, attributed to factors such as rapid urbanization, growing construction activities, and rising disposable incomes. The region’s leadership in the market suggests that it may present lucrative opportunities for architectural coatings manufacturers and related businesses to expand their operations and capture a significant market share in the coming years.
Architectural Coatings produced in Europe roughly amounts to 3.3 million tons in 2019.
The statistic that Architectural Coatings produced in Europe amount to roughly 3.3 million tons in 2019 indicates the total volume of architectural paints and coatings manufactured and used in the European region during that year. This figure represents the collective output of various types of coatings such as emulsions, enamels, primers, and varnishes that are primarily used for decorative and protective purposes on buildings and structures. The quantity of 3.3 million tons highlights the significant scale of production within the architectural coatings industry in Europe, reflecting the high demand for these products in the construction and maintenance sectors. This statistic serves as a key indicator of the overall economic activity and consumption levels within the architectural coatings market in Europe during the specified period.
The priority consumer trends in Architectural Coatings industry in 2021 are eco-friendliness and sustainability.
This statistic indicates that the key consumer trends driving the Architectural Coatings industry in 2021 are focused on eco-friendliness and sustainability. Consumers are increasingly prioritizing products that do not harm the environment and have a reduced carbon footprint. This shift in consumer preferences is driving manufacturers in the Architectural Coatings industry to innovate and develop more environmentally friendly products, such as low-VOC (volatile organic compound) paints and coatings made from sustainable materials. Companies that respond to these consumer trends by offering eco-friendly and sustainable products are likely to gain a competitive edge in the market and attract environmentally conscious consumers.
The average capacity utilization of Architectural Coatings worldwide in 2021 is approximately 74.2%.
The statistic that the average capacity utilization of Architectural Coatings worldwide in 2021 is approximately 74.2% indicates that, on average, the global architectural coatings industry is operating at a fairly high level of efficiency. This percentage represents the proportion of the total production capacity that is currently being utilized by manufacturers. A capacity utilization rate of 74.2% suggests that there is room for further production growth within the industry before reaching maximum capacity. From a business perspective, a high capacity utilization rate can be indicative of strong demand for architectural coatings in the global market, while also highlighting the efficiency of production processes within the industry.
The US architectural coatings market accounted for 17% of the global market in 2020.
This statistic indicates that the United States held a significant share of the global architectural coatings market in 2020, with approximately 17% of the total market value. The market for architectural coatings includes products such as paints and coatings used in the construction and maintenance of buildings. The US market’s size suggests that it is a key player in the global architectural coatings industry, likely driven by factors such as construction activity, consumer preferences, and regulatory requirements in the US market. This statistic underscores the importance of the US market within the global architectural coatings sector and highlights the country’s influence on industry trends and developments.
The waterborne technology segment dominated 59% of the Architectural Coatings market in 2020.
The statistic suggests that in 2020, the waterborne technology segment held a significant share of 59% in the Architectural Coatings market, indicating its strong dominance in the industry. This could imply that waterborne technology coatings, which are known for being environmentally friendly and having lower VOC emissions compared to solvent-based coatings, were preferred by consumers and professionals for use in architectural projects. The high market share also signifies a potentially growing trend towards sustainability and regulatory compliance within the architectural coatings sector, as stakeholders increasingly prioritize eco-friendly products.
The powder coatings segment in the architectural coatings market is expected to grow at a CAGR of 6% during 2020-2025.
This statistic indicates the compound annual growth rate (CAGR) of the powder coatings segment within the architectural coatings market over the period from 2020 to 2025. A CAGR of 6% suggests that the market for powder coatings used in architectural applications is projected to increase steadily at an average rate of 6% annually over the specified time frame. This forecast implies a positive outlook for the powder coatings industry within the architectural coatings sector, highlighting a growing demand for these products in areas such as construction, residential, and commercial buildings. Factors driving this growth may include increased focus on eco-friendly and durable coatings, regulatory changes favoring powder coatings, and expanding construction activities worldwide.
The architectural coatings market in the middle eastern region is expected to grow with a CAGR of 7% from 2021 to 2026.
This statistic indicates that the architectural coatings market in the Middle Eastern region is projected to experience a Compound Annual Growth Rate (CAGR) of 7% over the period from 2021 to 2026. This implies that the market size for architectural coatings, which include paints and coatings used in buildings and structures, is anticipated to expand at an average annual rate of 7% during the specified timeframe. Such growth rate could be attributed to factors such as increasing construction activities, infrastructure development projects, rising urbanization, and improvements in living standards. Businesses operating in the architectural coatings industry may utilize this statistic to anticipate market trends, plan for future investments, and adjust their strategies to take advantage of the projected growth opportunities in the Middle East.
The Latin America architectural coatings market is estimated to grow at a CAGR of 5.7% from 2021 and 2026.
This statistic indicates that the Latin America architectural coatings market is projected to experience a compound annual growth rate (CAGR) of 5.7% between the years 2021 and 2026. This growth rate suggests a steady and continuous expansion of the market over the specified time period. The CAGR calculation takes into account the year-to-year growth of the market, providing a standardized measurement to understand the overall trend in market growth. The estimated growth rate of 5.7% indicates a positive outlook for the architectural coatings industry in Latin America, with factors such as increasing construction activities, urbanization trends, and infrastructural development likely to drive the market growth during the forecast period.
The solvent-borne technology held a 28% share in the architectural coatings market in 2020.
The statistic indicates that among all products in the architectural coatings market in 2020, the solvent-borne technology accounted for 28% of the total market share. This suggests that nearly a third of the architectural coatings sold that year were based on solvent-borne technology. This information is crucial for understanding the competitive landscape and preferences of consumers within the architectural coatings industry, highlighting the significant presence and impact of solvent-borne technology in the market.
The demand for Architectural Coatings in commercial applications is expected to witness a CAGR of over 3.2% from 2021 to 2026.
This statistic indicates that the demand for Architectural Coatings in commercial applications is projected to grow at a Compound Annual Growth Rate (CAGR) of over 3.2% over the period from 2021 to 2026. A CAGR is a smoothed annual growth rate that takes into account the effect of compounding, providing a more accurate representation of growth over time. In this context, the CAGR of 3.2% suggests a consistent and gradual increase in demand for Architectural Coatings within commercial settings over the specified period. This growth rate can be important for industry stakeholders, investors, and policymakers to understand the potential market trends and plan strategies accordingly.
The revenue from ‘acrylic’ architectural coatings is projected to reach approximately USD 29.5 billion by 2026.
The statistic “The revenue from ‘acrylic’ architectural coatings is projected to reach approximately USD 29.5 billion by 2026” indicates a forecasted financial growth in the market for acrylic architectural coatings. This statistic suggests that there is an expected increase in the demand for these coatings and that companies in the industry are projected to generate significant revenue from the sale of acrylic architectural coatings. The projected revenue of USD 29.5 billion by 2026 reflects the anticipated market size and potential profitability for businesses operating in this sector. Overall, this statistic highlights a positive outlook for the acrylic architectural coatings market in the coming years.
The Province of Ontario contributes to 45% of the total architectural coatings production in Canada in 2020.
The statistic indicates that in 2020, the Province of Ontario was responsible for producing 45% of all architectural coatings in Canada. This means that nearly half of the total architectural coatings output in the country came from Ontario. This information highlights the significant contribution that Ontario makes to the architectural coatings industry within Canada, showcasing the province’s importance in this sector. It could also suggest that Ontario likely has a strong manufacturing base and capacity for architectural coatings production compared to other provinces in Canada.
In 2020, China produced more than 5.1 million metric tons of architectural coatings, the highest in the world.
The statistic indicates that in the year 2020, China led the global market in the production of architectural coatings by manufacturing over 5.1 million metric tons of such coatings. This data point underscores China’s significant role in the architectural coatings industry worldwide, illustrating its dominance and scale of production compared to other countries. The high production volume suggests a strong demand for architectural coatings within China, potentially driven by factors such as urbanization, infrastructure development, and real estate construction. This statistic highlights China’s position as a key player in the global architectural coatings market and its capacity to meet both domestic and international demands for these products.
In South Africa, the market size of architectural coatings was valued at around 372.2 million USD in 2019.
The statistic “In South Africa, the market size of architectural coatings was valued at around 372.2 million USD in 2019” indicates the total estimated value of architectural coatings sold in the South African market during the year 2019. Architectural coatings refer to paint products specifically designed for use on buildings and structures. This statistic provides insight into the size and importance of the architectural coatings industry within South Africa, highlighting the significant value of these products in the country’s economy. The market size figure of 372.2 million USD serves as a key metric for assessing the scale of demand for architectural coatings in South Africa and can be used by industry analysts, policymakers, and stakeholders to understand market trends, make informed business decisions, and evaluate the overall economic impact of this sector.
Architectural coatings account for approximately 50% of the total coatings market in Germany in 2020.
The statistic that architectural coatings account for approximately 50% of the total coatings market in Germany in 2020 indicates that half of the coatings used in Germany are specifically for architectural purposes such as painting buildings, homes, and other structures. This suggests that architectural coatings play a significant role in the overall coatings industry in Germany, reflecting the emphasis on construction and maintenance activities in the country. This statistic is essential for industry stakeholders, policymakers, and investors to understand the market dynamics and potential growth opportunities within the architectural coatings sector in Germany.
In 2020, India’s architectural coatings market is estimated to witness a moderate growth rate of about 4.6% due to COVID-19.
The statistic indicates that in 2020, the architectural coatings market in India is projected to experience a modest growth rate of approximately 4.6%. This growth rate is attributed to the impact of the COVID-19 pandemic, which has influenced consumer behavior and demand within the industry. Despite the challenges posed by the pandemic, the market is expected to show resilience and expand at a steady pace. Factors contributing to this growth may include increased focus on renovation and home improvement projects during periods of lockdown and remote work, as well as a heightened emphasis on cleanliness and hygiene leading to a rise in demand for coatings that offer durability and protection. Overall, the 4.6% growth rate reflects a positive outlook for the architectural coatings market in India amidst the ongoing global health crisis.
Conclusion
After analyzing the latest statistics in the architectural coatings industry, it is evident that the sector is experiencing steady growth and expansion. With the increasing demand for eco-friendly and durable coatings, manufacturers are innovating to meet the evolving needs of customers. As the industry continues to thrive, there are promising opportunities for businesses to capitalize on market trends and drive future success.
References
0. – https://www.www.mordorintelligence.com
1. – https://www.www.industryresearch.co
2. – https://www.www.ic.gc.ca
3. – https://www.www.jotun.com
4. – https://www.www.grandviewresearch.com
5. – https://www.www.researchandmarkets.com
6. – https://www.www.fortunebusinessinsights.com
7. – https://www.www.transparencymarketresearch.com
8. – https://www.www.marketsandmarkets.com
9. – https://www.www.statista.com
10. – https://www.www.prnewswire.com
11. – https://www.www.european-coatings.com
12. – https://www.www.alliedmarketresearch.com
13. – https://www.www.paint.org
14. – https://www.www.marketresearch.com
