(MENAFNEditorial)
Fast Market Research announces the availability of Technavio's new report "Architectural Coatings Market in EMEA 2015-2019" on their comprehensive research portal.
Coatings are products used to protect a surface and/or enhance its 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.
Technavio's analysts forecast the architectural coatings market in EMEA to grow at a CAGR of 5.7% over the period 2014-2019.
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Commenting on the report an analyst from Technavio’s team said: “One trend that boosts market growth is the increase in demand for functional coatings. Such products include graffiti-resistant coatings and self-cleaning finishes. These coatings can be wiped clean from any paint pen and marker ink and graffiti.”
According to the report the advent of innovative products is a key driver observed in this market. Key vendors in the market are increasing R&D spending to capture high market share through the introduction of new products. While the market has been witnessing continuous innovations incorporation of potential materials such as microspheres in coating technologies is a relatively new concept
Further the report states that the rising cost for raw materials is a challenge that negatively impacts the market. Volatility in prices of titanium dioxide and crude oil can adversely affect the market as these are the major raw materials required in production of architectural paints.
The key players in the Architectural Coatings Market in EMEA are Akzo Nobel NV DAW SE Jotun Group Kansai Paint Co. Ltd. PPG Industries Inc. and Tikkurila Oyj. while other prominent vendors include BASF Brillux CIN Crown Paints Flugger Helios J. W. Ostendorf Materis Meffert Schaepman Sherwin-Williams Sniezka Sto and Valspar.
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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