Acrylic Segment Leads Global Architectural Coatings Market Growth with 6.1% CAGR, Reaching $60.3 Billion by 2030

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23 Aug, 2023, 11:15 ET

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DUBLIN, Aug. 23, 2023 /PRNewswire/ -- The "Architectural Coatings: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Architectural Coatings estimated at US$64.2 Billion in the year 2022, is projected to reach a revised size of US$98.8 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030.

Acrylic, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$60.3 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Alkyd segment is readjusted to a revised 5.3% CAGR for the next 8-year period. The U.S. Market is Estimated at $12.8 Billion, While China is Forecast to Grow at 6.7% CAGRThe Architectural Coatings market in the U.S. is estimated at US$12.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$22.6 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$16.8 Billion by the year 2030.Select Competitors (Total 73 Featured) -

Key Topics Covered: I. METHODOLOGYII. EXECUTIVE SUMMARY1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSISIV. COMPETITIONFor more information about this report visit https://www.researchandmarkets.com/r/dkgbn0

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SOURCE Research and Markets