Catherine Diamond, Associate Editor11.09.16
The housing market in the United States, as well as internationally, remained strong through 2016 and is expected to continue growing through at least 2017. An increase in renovations on existing homes and construction of new homes, particularly in the higher end of the real estate market, will contribute to an already strong exterior architectural coatings market.
A Strong Global Market
According to Grand View Research, the global exterior coatings market is expected to reach 39.04 billion by 2024. Researchers found that functional superiorities including weather and moisture resistance, better aesthetics and long lasting adhesion is expected to fuel market growth over the next eight years. “Furthermore, rising government spending in Asian countries on infrastructure development will augment industry expansion,” the report stated.
The report – titled “Exterior Architectural Coating Market Analysis By Resin Type (Acrylic, Epoxy, Polyester, Alkyd, Po
FREE SUBSCRIPTION
Continue reading this story and get 24/7 access to Coatings World for FREE
FREE SUBSCRIPTION
