The construction coating market is expected to reach 82.4 billion US dollars by 2023

According to a new research report, the global market value of architectural coatings reached 65 billion US dollars in 2018, and is expected to reach 82.4 billion US dollars by 2023, with an annual compound growth rate of about 4.9% It is pointed out that due to the stimulation of application demand and technological innovation in the Asia Pacific region, the global construction paint market is growing at a high speed In addition, the economic growth of developing countries and regions, continuous investment in infrastructure, increasingly strict environmental protection laws and regulations, continuous improvement of purchasing power and the demand for green environmental protection coatings are also important factors to promote market development The data shows that acrylic resin is the largest raw resin variety in the field of architectural coatings Acrylic resin has good weather resistance and oxidation resistance, as well as good color and light retention performance It can provide good protection effect for the substrate exposed to rain, snow and ultraviolet environment, so that it has good durability It is pointed out that the Asia Pacific region is the fastest growing region in terms of production and market value of architectural coatings, and also the largest region in the world Population growth and economic growth in the Asia Pacific region are the main factors driving the development of building coatings market The housing and engineering construction industry in China and India is expected to further develop, thus promoting the application demand of building coatings The main manufacturers of architectural coatings in the world include: PPG in the United States, Akzo Nobel in the Netherlands, Kansai coatings in Japan, Asian coatings in India, Nippon coatings, Xuanwei in the United States, BASF in Germany, Musco in the United States, Jotun in Norway, lipamak in the United States, etc.