North America Exterior Architectural Coatings Market to Grow with a CAGR of 3.94% through 2028
According to TechSci Research report, “Exterior
Architectural Coatings Market – North America Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028F”, the North
America Exterior Architectural Coatings Market stood at USD 23.67 billion in
2022 and is anticipated to grow with a CAGR of 3.94% in the forecast period,
2024-2028. North America exterior architectural coatings market is a dynamic
and evolving sector that plays a pivotal role in the protection,
beautification, and longevity of structures worldwide. As urbanization
continues to surge, and with a growing emphasis on sustainable and
aesthetically pleasing constructions, the demand for high-performance exterior
coatings is on the rise.
The North America exterior architectural coatings
market encompasses a wide array of products designed to safeguard and enhance
the exteriors of buildings. These coatings serve multiple purposes, including
protection against weathering, UV radiation, moisture, and pollutants, while
simultaneously contributing to the visual appeal of structures.
The North America exterior architectural coatings
market is a dynamic arena shaped by economic, technological, and environmental
factors. As the industry navigates challenges and embraces innovation, the
future promises a landscape where sustainable, high-performance coatings are
not just a necessity but a driving force behind the aesthetics and longevity of
our built environment.
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The North America Exterior Architectural Coatings
Market is segmented into resin type,
application, regional distribution, and company.
Acrylic resins are ubiquitous in the exterior coatings
market, known for their versatility and durability. They offer excellent UV
resistance, weatherability, and color retention. Acrylic coatings are often
preferred for their ability to provide a protective shield against the elements
while maintaining vibrant and long-lasting aesthetics. These resins find
application in a wide range of exterior coatings, from paints to elastomeric
formulations.
Epoxy resins are valued for their exceptional adhesion
and toughness. While they are more commonly associated with industrial
coatings, their use in exterior architectural coatings is growing. Epoxy-based
coatings provide robust protection against abrasion, chemicals, and moisture,
making them suitable for surfaces that require superior durability.
Alkyd resins, derived from natural oils, have long
been a staple in the exterior architectural coatings market. Known for their
excellent flow and leveling properties, alkyd-based coatings offer a smooth
finish and good adhesion. However, their usage has seen a decline due to
environmental considerations, with a shift towards water-based alternatives.
Polyurethane resins are prized for their exceptional
durability, flexibility, and resistance to weathering. These resins create
coatings with high gloss and color retention, making them ideal for
applications requiring long-term aesthetic appeal. Polyurethane coatings are
often used in high-traffic areas where durability is paramount.
Trends in residential applications include a growing
demand for sustainable and low-VOC coatings as environmentally conscious
consumers seek products that align with green building practices. Customization
is another trend, with homeowners opting for a variety of colors, finishes, and
textures to reflect their individual style preferences.
The non-residential sector spans a broad spectrum,
including commercial buildings, industrial facilities, educational
institutions, and healthcare facilities. In these applications, exterior
coatings serve diverse purposes, from preserving the architectural integrity of
historical structures to providing corrosion resistance in industrial settings.
Non-residential projects often require coatings with
specific performance attributes, such as high durability, resistance to
chemicals, and fire retardancy. Cool roof coatings, designed to reflect
sunlight and reduce heat absorption, are gaining popularity in non-residential
applications, contributing to energy efficiency and sustainability.
At the forefront of the North America exterior
architectural coatings market is the United States, an innovation hub and a
catalyst for the construction industry. With a booming real estate sector and a
demand for high-performance coatings, the U.S. plays a pivotal role in shaping
the regional market. The country's advanced research capabilities and a
commitment to sustainable construction contribute significantly to the growth
of exterior architectural coatings.
Mexico's strategic location and burgeoning
construction sector have positioned it as a vital contributor to the exterior
architectural coatings market in North America. The country's residential and
commercial construction industries, in particular, have embraced these coatings
for their ability to provide protection against weathering and enhance the
visual appeal of structures. As Mexico continues to attract investments in
construction and infrastructure, the demand for exterior architectural coatings
is set to rise, solidifying its role in the regional market.
Canada's influence on the exterior architectural
coatings market is marked by a commitment to sustainable and eco-friendly
formulations. With an emphasis on reducing environmental impact, Canadian
industries are increasingly adopting coatings that align with global
sustainability trends. This eco-conscious approach reflects Canada's dedication
to responsible construction and adds a layer of environmental responsibility to
the North America exterior architectural coatings market.
Major companies operating in
North America Exterior Architectural Coatings Market are:
- BASF SE
- Axalta
Coatings System
- PPG
Industries
- Valspar
Corporation
- AkzoNobel
NV
- Arkema SA
- Berger
Paints
- Cabot
Corporation
- Eastman
Chemical Company
- Dow
Chemical Company
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“As the industry continues to evolve, these developments
are not only reshaping the products offered but also influencing the way
coatings are applied, managed, and integrated into the broader context of
sustainable and technologically advanced construction practices. The future
promises a landscape where exterior coatings not only beautify and protect
structures but also contribute to a more sustainable and efficient built
environment.,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based management consulting firm.
“North America Exterior Architectural Coatings
Market By Resin Type (Acrylic, Epoxy, Alkyd, Polyurethane, Pigment, Others), By
Application (Residential, Non-Residential), By Region, Competition Opportunity,
& Forecast 2018-2028F”, has evaluated the future growth potential of North
America Exterior Architectural Coatings Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in North America Exterior Architectural Coatings Market.
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