Global Architectural Coatings Market is expected to grow with the substantial CAGR of 6.3% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below:
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Global architectural coatings market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market will have a prominent growth in upcoming years due to rising demand from construction industry and rising paint consumption in emerging economies which will fuel the growth of the market.
The major players dealing in global architectural coatings market are introducing wide range of products in the market. The product with new advancement acts as the strength for the market as the companies are generating adequate revenues form new technologies. This has also helped the company to maximize the sales with enhanced product portfolio. For instance, In August 2019, Akzo Nobel N.V. launched a digital colour sensor, which supports professionals. The tiny mobile device can scan any object color correctly. Then it connects to an application that matches the exact paint color. It helps to match the colour choices of customers in seconds. The company strengthen the product portfolio with digital colour sensor launch, thus, this will help the company to enhance the sales and revenue.
Akzo Nobel N.V. is the dominating player in global architectural coatings market. The other key players existing in the market includes PPG Industries, Inc., The Sherwin-Williams Company, NIPSEA Group, BASF SE, Asian Paints Limited, Axalta Coating Systems, LLC, Brillux GmbH & Co. KG, Colorado Commercial & Residential Painting, IFS Coatings, Kansai Paint Co., Ltd., KEIM Mineral Coatings of America, Inc., Kelly-Moore Paints, Masco Corporation, RPM International Inc. among others.
Akzo Nobel N.V.
Akzo Nobel N.V. headquartered in Arnhem, Netherlands which was founded in 1792. The company is dedicated to paint and lacquer production, offers standard in color and protection. The company performs its business from segments such as performance coatings and decorative paints. The company’s product categories include antifouling/foul release, coil, structural concrete: repair and protection, corrosion protection, immersed condition, decorative paints and lacquers, linings, packaging, powder, tank linings, temperature resistant, wood coatings. The market focused category is structural concrete: repair and protection, decorative paints and lacquers, linings. The company has approx. 34,500 employees.
- In September 2017, Akzo Nobel N.V.launched paint plant in Ashington, U.K. The Ashington plant employs a range of renewable sources, including photovoltaics and a biomass boiler, together with an extremely automated water, waste and energy-saving production method. Ashington established second Dulux Academy in UK where training for painters and decorators with the expertise conducts. This will help the company to maximize customer base in U.K.
The company has wide global presence across the globe such as Asia-Pacific, North America, Europe, South America and Middle East & Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as International Paint (U.K.), Canadian Industries Limited (Canada), Kayaku Akzo Corporation (Japan), Akzo Nobel Coatings (Slough), AkzoNobel Pulp and Performance Chemicals (Sweden) among others.
PPG Industries, Inc.
PPG Industries, Inc. headquartered in Pennsylvania, U.S. which was founded in 1883. The company focuses on supplying coatings, paints, specialty materials and optical products. The company performs its business from segments such as performance coatings, industrial coatings in which performance coatings is market focused segment. The company’s business categories include aerospace, architectural coatings - Americas and Asia-Pacific, architectural coatings - Europe, Middle East and Africa, automotive refinish, automotive oem coatings, industrial coatings, packaging coatings, protective and marine coatings, specialty coatings and materials. The market focused categories are architectural coatings - Americas and Asia Pacific, architectural coatings - Europe, Middle East and Africa. The company has Approx. 47,000 employees.
- In August 2017, PPG Industries, Inc. has launched PPG TIMELESS paint and primer. This paint can be utilized for exterior and interior paintings. This paint is available in THE HOME DEPOT’s locations across the U.S. This product launch helps the company to attract DIYers.
The company has wide global presence across the globe such as North America, South America, Europe, Asia-Pacific, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as PPG Industries Pty Ltd. (Australia), PPG Architectural Coatings Limited (U.K.), PPG Architectural Finishes, Inc. (U.S.), Dyrup SAS (France), PPG Coatings Deutschland GmbH (Germany).
The Sherwin-Williams Company
The Sherwin-Williams Company has headquartered in Ohio, U.S. which was founded in 1866. The company engaged in develop, manufacture and sale coatings, paints and related products. The company performs its business from segments such as The Americas Group, Consumer Brands Group, performance coatings in which performance coatings is market focused segment. The company’s product categories include Interior paint & coatings, exterior paint & coatings, equipment & supplies, commercial, wallpaper & floorcovering, PRO App, ProBuy. The market focused categories are interior paint & coatings, exterior paint & coatings. The company has More than 60,000 employees.
- In June 2019, The Sherwin-Williams Company launched ColorSnap Color ID, which is a collection of eight personality-based color palettes. This product is designed to help customers in terms of ease of discover and select colors. This development helps the company to attract more customers by offering them flexibility to choose the color of their choice.
The company has strong presence in U.S. and sell their products through their wide spread network in the North America, South America, Europe, Asia-Pacific, Middle East and Africa. The company has subsidiaries such as Sherwin-Williams, Inc. (Canada), Sherwin-Williams S.à r.l (Luxembourg), Sherwin-Williams Holding Limited (U.K.), Contract Transportation Systems Co. (U.S.), Sherwin-Williams Paints Limited Liability Company (Russia).
