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Commercial architectural coatings are used to enhance the appearance of a building and protect it from elements such as moisture, UV radiation, and microbes. Paints, primers, lacquers, varnishes, and stains are some of the major types of architectural coating products. Technavio’s market research analyst predicts the commercial architectural coatings market attain a market value of around USD 23 billion by the end of 2019.
The rise in civil construction activities across the globe and increased investments in the maintenance and repair of existing buildings is expected to drive the growth of the architectural coatings market. Emerging markets such as Central and Eastern Europe and APAC are anticipated to offer potential growth opportunities to vendors.
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