Interior Architectural Coatings Market by Resin Type (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane and Others), By Technology (Water-Borne, Solvent-Borne), By Distribution Channel (Company-Owned Stores, Independent Distributors, Large Retailers and Wholesalers) By End Use Sector (Residential, Non-Residential)- Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Market Overview:

Interior Architectural Coatings Market held USD 43 billion in 2020 and is to grow with a CAGR of 4 % from 2020-2030. Indoor architecture includes technical as well as scientific considerations of the interior of a building, taking into account all building parts like raw material, finishes, electrical requirements, plumbing, lighting , ventilation and intelligent use of space. The interior architectural coatings include natural finishing used to protect and enhance the interior of different types of buildings. They make the interior not only appealing, but also harmless at different temperatures for the climate, these applications are likely to boost the global interior architectural coatings market growth. Market is likely to witness growth over the forecast period. In the catalog of architectural interior coatings are a range of products such as wall oils, oils, primers, sealants, ceramics and others. These are used primarily to transform an interior space in order to make it safe, decorative and durable, considering these applications, global market will grow over the forecast period.   

Market Dynamics and Factors:

Substantial increase in residential and commercial structures, causing a steady increase in the global architectural coatings market, which will be responsible of interior architectural coatings market growth. The upraising social and financial status of customers is another significant factor driving interior architecture coatings market demand. In addition, customers have been made aware of choosing high quality items that are used to preserve and embellish their homes appropriately, which also fuel the  interior coatings market size. Many emerging economies such as China, Korea, Japan and India are in a process full of infrastructure activities that have contributed significantly to the growth of the internal coatings market. These coatings protect and help prevent corrosion and rust decorative objects, such as sculptures, wood floors and furniture, with eco-friendly effect, such favorable factors are responsible for the internal coatings market growth.

Market Segmentation:

Based on the resin type, the global interior architectural coatings industry is segmented into tempered glass,  resin type polyester, acrylic, epoxy, alkyd, polyurethane, and others. On the basis of technology (solvent-borne, water-borne). depending upon the distribution channel, interior architectural coatings market is classified into independent distributors, large retailers, wholesalers and company-owned stores. On the basis of end use sector, global interior architectural coatings market is segmented into (non-residential, residential. Geographic bifurcation of global interior architectural coatings market share includes North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

Global interior architectural coatings market is likely to grow over the forecast period. Asia Pacific is the biggest region holding the major global interior architectural coatings market share. Rapid development of road and rail infrastructure and increasing Chinese construction and increasing investments in Japanese overseas infrastructure projects will fuel the interior architectural coatings market growth over the forecast period. Both China and India are likely to witness growth in regional interior architectural coatings market in this area.

Competitive Scenario:

The global interior architectural coatings market, which is highly competitive, consists of a few major players. In terms of market share, few of the major players currently dominate the global interior coatings market. The key players of global interior architectural coatings market  are Asian Paints Limited, Axalta Coatings Systems, LLC,  Nippon Paint/ Nipsea Group, PPG Industries, Inc.,  Kansai Paint Co. Ltd., The Valspar Corporation.  The Sherwin-Williams Company,  and BASF SE,.

Interior Architectural Coatings Market Report Scope