Asia-Pacific (APAC) was the dominant market for architectural coatings in 2017 with a market size of USD 27 billion. It is expected that the market will hit a size USD 37.3 billion in 2023, showing a CAGR of 6.6 %, which is almost 2 % higher than the average global CAGR. The market is largely driven by the water-borne coatings technology segment. The water-borne architectural coatings segment is expected to show growth in the next five years, especially in the developing countries, driven by huge investments in new infrastructure developments, new housing projects, and renovation/repaint of residential and commercial buildings. ...
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