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Sept 19, 2023

Interior architectural coatings market to see robust growth

The global interior architectural coatings market has achieved a significant milestone, reaching a size of US$ 46.6 billion in 2022. Looking ahead, industry experts anticipate robust growth, with the market poised to reach US$ 59.3 Billion by 2028, reflecting a commendable growth rate (CAGR) of 4.3% during the period spanning from 2023 to 2028, says a report by Research and Markets. 


In recent years, both the commercial and residential sectors have witnessed a surge in construction activities, driving market growth. Consumers worldwide have become increasingly discerning, seeking premium-quality coatings that enhance the beauty and protection of their homes. 


Interior architectural coatings play a pivotal role in the meticulous management of interior spaces within buildings, taking into account a myriad of construction facets. These encompass finishes, plumbing, lighting, materials, electrical requirements, and the strategic utilization of available space. Architectural coatings, predominantly organic in nature, serve the dual purpose of enhancing the aesthetics and safeguarding the interior surfaces of structures. 


Consumers, when making selections, consider a diverse array of aesthetic and performance attributes. These encompass hiding power, ease of application, flow and leveling, low volatile organic compound (VOC) emissions, user protection from harmful substances, stain resistance, environmental sustainability, and low odor. The market offers an array of coating types, including varnishes, sealers, wall paints, primers, ceramics, and more. 

 

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