Global Architectural Coatings Sales to Surpass 33,000,000 Tons in 2018
Architectural Coatings market is anticipated to witness a moderate growth, with demand expected to surpass 33,000,000 tons by 2018 end, according to the latest report by Fact.MR. The demand continues to remain influenced by the robust growth in the construction industry worldwide. Meanwhile, reconstruction and renovation of existing structures across the countries are also contributing towards the growth of architectural coatings market.
The construction industry is likely to grow significantly in the US, India, and China, according to the report named Global Construction 2030. All the three countries are expected to account for nearly 57% of the global growth.
Acrylics Resin to Witness Substantial Growth in Architectural Coatings Market : Compared to the other types of resins used in architectural coatings, acrylics resins are likely to account for the highest market share in the architectural coatings market, the demand is expected to exceed 9,000,000 tons by the end of 2018, as per the new study by Fact.MR. Acrylic resins are finding large application in architectural coatings, especially in exterior application.
Owing to the UV and weathering resistance, and good gloss and color retention, acrylic resins are witnessing increasing demand from paints and coatings manufacturers across the globe.