SAN FRANCISCO, September 13, 2016 /PRNewswire/ --
The global exterior architectural coating market is expected to reach USD 39.04 billion by 2024, according to a new report by Grand View Research, Inc. Functional superiorities including weather and moisture resistance, better aesthetics and long lasting adhesion is expected to fuel market growth over the next eight years. Furthermore, rising government spending in Asian countries on infrastructure development will augment industry expansion.
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Growing demand for waterborne technology over traditional coatings, as it is cheaper and eco-friendly, will drive market growth. The introduction of green coatings coupled with the increasing usage of nanocoatings will create immense opportunities for growth over the next eight years.
Primer is expected to witness high revenue gains at a CAGR of 6.4% from 2016 to 2024 as it acts as a protector and leveler for other products including enamel and emulsions. The revenue generated by the use of exterior architectural coatings in the non-residential sector was valued at USD 8.20 billion in 2015 and is expected to witness rise on account of growing FMCG, IT, telecom and retail sector in MEA and Asia Pacific. Moreover, rapid industrialization, increasing FDI and government infrastructure spending will promote market growth.
Browse full research report with TOC on "Exterior Architectural Coating Market Analysis By Resin Type (Acrylic, Epoxy, Polyester, Alkyd, Polyurethane), By Technology (Solventborne, Waterborne), By Product (Primer, Emulsion, Enamel), By Application (Residential [New, Repaint], Non-Residential [New, Repaint]) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/exterior-architectural-coating-market
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the global exterior architectural coating market on the basis of resin type, technology, product, application, and region:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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