Global Interior Architectural Coatings Market 2015-2019 - Market Research Report
- Published: Aug 2015
- Pages: 94
- SKU: IRTNTR6944
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Market outlook of global interior architectural coatings market
Automotive interior materials enhance the ambience of a vehicle and are designed to offer maximum comfort and riding pleasure to the end user of an automobile. These materials minimize fatigue and engine vibrations, and some of them are also good cabin insulators. Technavio’s study predicts the market to grow at a CAGR of around 5% through 2019.
Consumer awareness regarding eco-friendliness and strict fuel-economy regulations by countries are causing manufacturers to seek sustainable and low weight materials for usage in automobiles, thereby driving innovation. For instance, a 10 percent reduction in the weight of a vehicle results in a 6-7 percent increase in fuel economy. European nations and the US are leading the research activities to develop natural, lightweight and non-pollutant sources for the manufacture of automotive interior materials. This trend is expected to contribute significantly towards the growth of the market during the forecast period.
Leading vendors in the global interior architectural coatings market
- Asian Paints
- Benjamin Moore
Other prominent vendors in the market include Adex, Axalta, Berger Paints, Brillux, Colorado Paint, Dulux, Dunn-Edwards, IFS Coatings, Jotun, Kansai, KEIM Mineral Coatings, Kelly-Moore, Materis, Meffert, Morrells, Pintuco, RPM, Schaepman, Tikkurila, and Tnemec.
Segmentation of interior architectural coatings market by technology
- Water-borne coatings
- Solvent-borne coatings
The water-borne segment accounts for the major share of the market and is predicted to witness the
fastest growth during the forecast period. The low VOC content in the water-borne coatings has increased its adoption in developed countries with stringent emission regulations. The growing housing market in the APAC region has also triggered the growth of the water-borne segment with China emerging as the biggest market within the region.
Segmentation of interior architectural coatings market by resin
- Others (PTFE, and PVDF)
The acrylic segment accounted for nearly 27% of the global market share during 2014 and is predicted to be the fastest-growing segment of the market during the forecast period. Polyurethane and polyester coatings are also expected to witness high demands.
Market segmentation by geography
On the basis of geography, the global interior architectural coatings market can be classified as follows: -
APAC is the dominant market in this segment and is expected to grow at a CAGR of nearly 7% by the end of 2019. The main drivers for the increase in growth are the emergent housing market and the rise in production and export of architectural coatings in this region. India and China are the two main markets for architectural coatings in APAC. EMEA and the Americas are predicted to witness a decline in market shares during the forecast period.
Other sections of the report include an analysis of the following
- Key drivers, challenges, and trends in the global interior architectural coatings market
- Five forces analysis of the global interior architectural coatings market
- Key countries in the interior architectural coatings market
- Market share analysis of key vendor in the global market
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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