Exterior Coating Market Trends and Forecast
The future of the global exterior coating market looks promising with opportunities in the industrial and commercial markets. The global exterior coating market is expected to grow with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are rising demand for aesthetic & protective coatings, increasing focus on eco-friendly & low-VOC coatings, and growth in construction activities globally.
• Lucintel forecasts that solvent-thinned coatings for exterior wall is expected to witness higher growth over the forecast period.
• Within this market, industrial is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Exterior Coating Market
• United States: Sherwin-Williams introduced a new line of eco-friendly exterior coatings compliant with stringent environmental regulations, aimed at reducing carbon footprint.
• China: Nippon Paint collaborated with local government to promote use of heat-reflective exterior coatings in urban areas, targeting energy efficiency goals.
• Germany: BASF announced a partnership with architectural firms to develop innovative exterior coatings that enhance building aesthetics while meeting sustainability targets.
• India: Asian Paints launched a campaign promoting weather-resistant exterior coatings for residential and commercial buildings, aligning with government initiatives for sustainable construction.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Exterior Coating Market by Segment
The study includes a forecast for the global exterior coating market by type, application, and region.
Exterior Coating Market by Type [Value from 2018 to 2030]:
• Solvent-Thinned Coatings for Exterior Wall
• Solvent-Watered Inorganic Exterior Wall
Exterior Coating Market by Application [Value from 2018 to 2030]:
• Industrial
• Commercial
• Others
Exterior Coating Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Exterior Coating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies exterior coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the exterior coating companies profiled in this report include-
• PPG
• Akzonobel
• Nipponpaint-holding
• Asian paints
• Carpoly
• Huarun
• Yips Chemical
• Kansai
• Sherwin Williams
• British paints
Recent Development in the Exterior Coating Market
• PPG Industries: PPG Industries has invested in research and development to introduce next-generation exterior coatings that offer superior protection against harsh weather conditions and UV radiation. This innovation aims to meet the evolving needs of global construction markets for durable and high-performance coatings.
• AkzoNobel: AkzoNobel has expanded its production capabilities for exterior coatings in several key markets, including Europe and Asia. This expansion is part of their strategy to cater to increasing demand for architectural coatings that provide both aesthetic appeal and long-term durability.
• Valspar Corporation: Valspar Corporation has launched a series of digital tools and platforms to assist architects and designers in selecting the right exterior coatings based on performance metrics and environmental impact. This digital initiative aims to enhance customer experience and streamline product selection processes in the coatings industry.
• DuluxGroup: DuluxGroup has implemented a sustainability initiative by introducing a range of low-VOC exterior coatings in Australia. These coatings are designed to meet eco-friendly standards while offering high durability and aesthetic value, supporting the companyÄX%$%Xs commitment to environmental stewardship in the coatings sector.
Features of the Global Exterior Coating Market
Market Size Estimates: Exterior coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Exterior coating market size by type, application, and region in terms of value ($B).
Regional Analysis: Exterior coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the exterior coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the exterior coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for exterior coating market?
Answer: The global exterior coating market is expected to grow with a CAGR of 5.7% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the exterior coating market?
Answer: The major drivers for this market are rising demand for aesthetic & protective coatings, increasing focus on eco-friendly & low-VOC coatings, and growth in construction activities globally.
Q3. What are the major segments for exterior coating market?
Answer: The future of the exterior coating market looks promising with opportunities in the industrial and commercial markets.
Q4. Who are the key exterior coating market companies?
Answer: Some of the key exterior coating companies are as follows:
• PPG
• Akzonobel
• Nipponpaint-holding
• Asian paints
• Carpoly
• Huarun
• Yips Chemical
• Kansai
• Sherwin Williams
• British paints
Q5. Which exterior coating market segment will be the largest in future?
Answer: Lucintel forecasts that solvent-thinned coatings for exterior wall is expected to witness higher growth over the forecast period.
Q6. In exterior coating market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the exterior coating market by type (solvent-thinned coatings for exterior wall and solvent-watered inorganic exterior wall), application (industrial, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Exterior Coating Market Market, Exterior Coating Market Market Size, Exterior Coating Market Market Growth, Exterior Coating Market Market Analysis, Exterior Coating Market Market Report, Exterior Coating Market Market Share, Exterior Coating Market Market Trends, Exterior Coating Market Market Forecast, Exterior Coating Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.