The segment accounts for nearly half of the total coatings market, with major regional contributions as follows (Figure 1): The compound annual growth rate (CAGR) for the period 2024-2029 is expected to be 2.8 % in volume and 5.0 % in value, driven primarily by increasing sustainability efforts, urbanisation, and economic expansion. The architectural coatings market is dominated by diversified multinational companies, with Sherwin-Williams being the largest global supplier. Other key players include Akzo Nobel, Asian Paints, Axalta, Jotun, Kansai, ...