The Spain Architectural Coatings Market size is estimated at USD 731.04 million in 2024, and is expected to reach USD 848.02 million by 2028, growing at a CAGR of 3.78% during the forecast period (2024-2028).
Key Highlights
- Largest Segment by End-user - Residential : The steady growth in the residential construction sector, accompanied by lower growth in the commercial sector, fuels the consumption in the residential segment.
- Largest Segment by Technology - Waterborne : The growing adoption of VOC regulations by architectural coating manufacturers and marketing with eco-labels help waterborne coatings gain a significant market share.
- Largest Segment by Resin - Acrylic : Acrylic is a leading type of resin due to its technological advantages, low VOC emissions in the architectural segment, and preference to coat the exterior wall of buildings.
Spain Architectural Coatings Market Trends
Residential is the largest segment by Sub End User.
- The architectural coating consumption in Spain peaked in 2017 with an increment of 7.3% Y-o-Y due to the long-time recovery since 2013 and increased rehabilitation work in 2017. However, the repaint segment, which accounts for the major part of architectural coatings, declined due to lower restoration permits in 2018 and 2019.
- The slow growth in the architectural coating consumption was observed in 2020 due to lower new constructions in both residential and commercial sectors due to the spread of COVID-19. However, the decline in new construction was countered by the growth in the do-it-yourself (DIY) segment in the residential sector in 2020.
- The coating consumption recovered in 2021 due to a rebound in both residential and commercial sectors. The growing confidence of coating companies in the positive future of architectural coatings may fuel the demand over the coming years.
Spain Architectural Coatings Industry Overview
The Spain Architectural Coatings Market is fairly consolidated, with the top five companies occupying 73.89%. The major players in this market are AkzoNobel N.V., CIN, S.A., DAW SE, Nippon Paint Holdings Co., Ltd. and PPG Industries, Inc. (sorted alphabetically).
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