Facts & Figures: Part 1- Architectural Coatings (Paints & Coatings Market)
"The Global Architectural Coatings Market is estimated to value USD 68,531.64 million in 2021. The market had a declined rate of 7.59% in 2020 from 2019 due to pandemic effects across the global market. However, the global architectural coatings market is poised to grow at a CAGR of 5.10% over the forecast period 2021-2026." - AKI Research
By region, in 2021, Asia-Pacific accounted for the highest regional architectural coatings market share followed by Europe, and North America. Asia-Pacific is also forecast to have the highest CAGR of 6.97% over the forecast period 2021-2026 followed by Middle-East & Africa, North America, and Europe. By 2026, Europe will continue to have the second-largest architectural coatings market (i.e. 21.01%) close to the North American architectural coatings market size and is forecast to have a CAGR of 3.28% over the forecast period.
Key players in the architectural coatings market study include Akzo Nobel N.V., The Sherwin-Williams Company, PPG Industries, Inc., Nippon Paint Holdings Co., Ltd., DAW SE, Asian Paints, Hempel A/S, Jotun A/S, Masco Corporation, Benjamin Moore, RPM International Inc., Kelly-Moore, Kansai Paint, Berger Paints, etc.
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