FEATURE
Catherine Diamond, Associate Editor
The housing market in the United States, as well as inter- nationally, remained strong through 2016 and is expected to continue growing through at least 2017. An increase in
renovations on existing homes and construction of new homes,
particularly in the higher end of the real estate market, will contribute to an already strong exterior architectural coatings market.
A Strong Global Market
According to Grand View Research, the global exterior coatings
market is expected to reach 39.04 billion by 2024. Researchers
found that functional superiorities including weather and
moisture resistance, better aesthetics and long lasting adhesion
is expected to fuel market growth over the next eight years.
“Furthermore, rising government spending in Asian countries
on infrastructure development will augment industry expan-
sion,” the report stated.
The report – titled “Exterior Architectural Coating Market
Analysis By Resin Type (Acrylic, Epoxy, Polyester, Alkyd,
Polyurethane), By Technology (Solventborne, Waterborne),
By Product (Primer, Emulsion, Enamel), By Application
(Residential [New, Repaint], Non-Residential [New, Repaint])
And Segment Forecasts To 2024” – found that growing demand
Continued interest in renovations and new home construction are key drivers for exterior
architectural coatings.
Exterior Architectural
Coatings Market
