Architectural paint oxide market to gain traction from solvent-based paints

11:44 AM, 27th January 2021
With the use of paints & coatings soaring in interior wall, exterior, floor, ceiling and roof waterproof, architectural paint oxide market share is touted to witness a notable gain in the next five years.

With the use of paints & coatings soaring in interior wall, exterior, floor, ceiling and roof waterproof, architectural paint oxide market share is touted to witness a notable gain in the next five years. A steady rise in construction activities is seen as a key determinant spurring the market penetration of architectural paint oxide.

In a bid to protect and maintain buildings—residential settings, commercial spaces and public properties—architectural paint oxide manufacturers are touted to emphasize water-based paint.

Expanding penetration of water-based architecture paint oxide is attributed to low content of VOCs, viable cost/performance balance, safe handling and storage. Not to mention scrub resistance, UV resistance, opacity and new binders for cealescent free paints are setting the trend in the industry. Global Market Insights Inc has projected architectural paint oxide market size to witness a substantial gain by 2026.

COVID-19 impact

A subtle impact on architectural paint oxide industry is likely to be witnessed following the potential resurgence of COVID-19 cases in the tail-end of 2020. That said, a stable rise in the construction of buildings will appear as a silver lining.

Stakeholders are in quest to keep up with the compelling demand for products which will be in line with environmental standards.

Trend for solvent-based paints

As traction for residential, commercial and renovation has surged in the past several years, stakeholders are likely to pour funds in solvent-based architectural paint oxides. Solvent-based systems have become highly sought-after in architectural paints on the heels of their innate ability to protect metal surfaces from corrosion.

Moreover, trend for solvent-based paints for decorative purposes will provide revenue generating opportunities for leading companies vying to expand their penetration in the competitive industry.

Upsurge in infrastructure buildings to drive growth

Of late, construction companies have exhibited traction for the use of paint oxide in roofs and walls, while demand from infrastructure and commercial spaces continues to surge. To put things in perspective, burgeoning urbanization and pervasive infrastructure buildings have triggered growth in architecture paint oxide market value.

Homeowners and contractors have shown inclination towards interior and exterior wall paintings and will potentially witness a notable growth in the ensuing period. With innovation taking center stage and pitch for “green building” soaring in both commercial and infrastructure buildings, architectural paint oxide market revenue is likely to gain an impetus in the next half-a-decade.

Revenue-boosting opportunities in North America

Leading companies are likely to infuse funds in North America architectural paint oxide market share on the heels of growing penetration of water-based paints among the end-markets. Rising footfall of commercial spaces and infrastructure buildings in the US, Mexico and Canada will potentially provide lucrative growth opportunities for forward-looking companies.

With a notable uptick in architectural and construction activities in India, China, Indonesia and Malaysia, stakeholders are poised to infuse funds in APAC architectural paint oxide market size. Simply put, favorable government initiatives towards infrastructure projects in the region will instill confidence among stakeholders.

Restraints—environmental concerns

Stakeholders are gearing to surmount the challenges emanating in the form of environmental concerns pertaining the use of paint oxides. Accordingly, governments have come up with rigorous regulations, denting the industry outlook.

A marked rise in the growth of interior and exterior paint products used in buildings using solvent- and water-based paints will bolster market position. Forward-looking companies are likely to infuse funds in R&D activities to gain an edge in the industry.

Get detailed analysis on the Architectural Paint Oxide Market: https://www.gminsights.com/request-sample/detail/3951

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Website: https://www.gminsights.com

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