Newly released market study: Architectural Coatings Market in North America 2015-2019

From: Fast Market Research, Inc.
Published: Tue Sep 01 2015


Fast Market Research announces the availability of Technavio's new report "Architectural Coatings Market in North America 2015-2019" on their comprehensive research portal.

Coatings protect a surface and/or enhance its appearance. Architectural coatings are applied to commercial and residential buildings. They serve to protect a building from elements, such as moisture, UV radiation, and microbes. Paints, primers, lacquers, varnishes, and stains are some of the major types of architectural coating products. These products are formulated using various types of resins, such as acrylic, alkyds, polyester, and polyurethane. The market may be broadly classified into two major types of coating technologies: Solvent-borne and water-borne coatings.

Technavio analysts forecast the architectural coatings market in North America to grow at a CAGR of 4.02% during 2014-2019.

Get More Details on this Report and a Full Table of Contents at Architectural Coatings Market in North America 2015-2019

Commenting on the report, an analyst from Technavio’s team said: "Growing focus o distribution channel strategies is one of the key trends being witnessed in this market. An increasing number of vendors in the market such as PPG are focusing on enhancing their presence in North America by employing a multichannel distribution strategy. This involves offering products through an optimal mix of distribution channels that include home centers, independent distributors, and company-owned stores."

According to the report, continuous advances in architectural coating technology have necessitated provision of support services by vendors to customers. A wide range of products with varying formulations and performance characteristics exist in the market. The efficient use and proper application of such improved technologies require considerable support from vendors.

Further, the report states that stringent regulations in North America and implementation of regulatory limits on permissible levels of architectural coatings have encouraged development of novel products with negligible VOC content. Decline in demand for solvent-borne architectural coatings in these regions is a major challenge for vendors.

The key players in the Architectural Coatings Market in North America are Benjamin Moore & Co., Masco Corp., PPG Industries Inc., The Sherwin-Williams Co. and The Valspar Corp. while other prominent vendors include Adex, Lanco, RPM International, Tnemec, Axalta, Cloverdale Paint, Colorado Paint, Diamond Vogel, Dunn-Edwards, IFS Coatings, KEIM Mineral Coatings of America and Kelly-Moore Paints

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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