Architectural Coatings Industry Expected To Possess Nearly 35% Market Share throughout North America: Fact.MR
Fact.MR
predicts the global sales of architectural coatings to overpass US$ 121,000 Mn
by registering a CAGR of 4.5% in the forecast period 2022-2032. Architectural
coatings are designated to provide protective and decorative layers on
architecture in both exterior and interior applications. Most of the
architectural coatings are typically applied using rollers, sprayers, brushes
and other applications.
Historically,
from 2017 to 2021, the sales of
architectural coatings exceeded US$ 77,888 Mn by the end of the
aforementioned period. The coronavirus pandemic affected the demand and supply
chain for businesses across the globe. Due to restrictions on movements, the
construction industry witnessed a major setback. This, in turn, affected the
demand for architectural coatings. As the world is getting back to normal, the
sales of architectural coatings are expected to increase.
With the
emergence of stringent regulations on VOC emission, paint an...