DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/2jp6k3/global_commercial) has announced the addition of the "Global Commercial Architectural Coatings Market 2015-2019" report to their offering.
The global commercial architectural coatings market was valued at $18.39 billion in 2014 and will likely grow at a CAGR of 4.87% over the next five years. Waterborne coatings accounted for a major share of the market in 2014.
The report covers the current scenario and growth prospects of the global commercial architectural coatings market for the period of 2015-2019. To calculate the market size, the report considers revenue generated through sales of commercial architectural coating products. The report includes a discussion on the key vendors operating in this market.
Commercial architectural coatings are products used to protect surfaces and/or enhance their appearance. Architectural coatings are applied to commercial and residential buildings. They protect a building from moisture, UV radiation, and microbes. Paints, primers, lacquers, varnishes, and stains are some of the primary types of architectural coating products. These are formulated using resins such as acrylic, alkyds, polyester, and polyurethane. The market can be broadly classified into two major types of coating technologies: solvent-borne and water-borne.
Over the years, the commercial architectural coatings market has seen continuous innovations, with vendors focusing on the introduction of eco-friendly products and products with functional benefits. Today, commercial architectural coatings are developed to satisfy the needs of customers and are largely customized. They offer benefits such as resistance to graffiti and self-cleaning characteristics.
Vendors are focusing on unique color schemes to differentiate their products and attract buyers. They are introducing different color combinations to enhance the aesthetic appeal of coated surfaces and implementing marketing communication programs to enhance brand awareness.
According to the report, the growing number of investments in the development of infrastructure in APAC and Latin America have contributed to the growing demand for commercial architectural coatings.
Further, the report states that a lack of consumer awareness regarding the availability of wide range of products results in losses for vendors of certain products.
- Asian Paints
- Benjamin Moore
Other prominent vendors
- Berger Paints
- Colorado Paint
- Dulux Australia
- IFS Coatings
- KEIM Mineral Coatings of America
- Kelly-Moore Paints
- RPM International
For more information visit http://www.researchandmarkets.com/research/2jp6k3/global_commercial