The logistics price increased by 34.9% in July 2022, disrupting the supply chain, while electricity prices increased by 15.5%, the highest level since February 2006. Besides that, The number of existing U.S. homes sold in July 2022 decreased by 5.95% to 4.85 million (seasonally adjusted annual rate), which was the lowest number since May 2020 and under the market’s forecast of 4.89 million. The home sector sales fell for the sixth month in a row as the mortgage rate reached its highest point at 6.3%. The U.S. economy continues to be heavily impacted by the global energy crisis, causing people to spend less and conserve more.

Global Architectural coatings Market to reach USD 95.4 billion by 2027.Global Architectural coatings Market is valued approximately USD 69.9 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.54 % over the forecast period 2021-2027.

Architectural Coatings are paints and coatings used to coat buildings and homes. Architectural coatings are specified based on uses such as roof coatings, wall paints, or deck finishes. architectural coating provides durability, and protection. Rapid infrastructure investment, increasing demand for high durability and eco-friendly coatings will fuel up the adoption of Architectural coatings across the forecast period.

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According to Global Construction Perspectives and Oxford Economics – ???Global Construction 2030 Report??? the volume of construction output will grow by 85% to $15.5 trillion worldwide by 2030, three countries – China, US, and India – will account for 57% of all global growth. Also, rising disposable income and growing construction sector are likely to increase the market growth during the forecast period. However, Stringent government regulations regarding harmful emission from certain type of architectural coatings impedes the growth of the market over the forecast period of 2021-2027.

The key regions considered for the global Architectural coatings market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-pacific is the leading/significant region across the world in terms of market share and overall volume. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such as the residential and non-residential sectors in China and India are expected to develop this would create lucrative growth prospects for the Architectural coatings market across Asia-Pacific region.

Major market player included in this report are: Akzo Nobel N.V. (Netherlands) PPG Industries, Inc The Sherwin-Williams Company (US) Kansai Paints Co., Ltd Asian Paints Limited Nippon Paint Holdings Co BASF SE Masco Corporation Jotun Group (Norway RPM International Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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The detailed segments and sub-segment of the market are explained below: By Resin Type: Acrylic Alkyd Vinyl Polyurethane Others (Epoxy, Unsaturated polyester resin, Saturated polyester resin)

By Technology: Waterborne Solvent borne Powder Coating

By User Type: DIY Professional By Application: Residential Non-Residential

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