The exterior architectural coatings market experienced moderate growth over the past year. There are a number of factors contributing to this growth including an increase in infrastructure projects and a robust housing market. According to Grand View Research's report, "Exterior Architectural Coating Market Analysis By Resin Type (Acrylic, Epoxy, Polyester, Alkyd, Polyurethane), By Technology (Solventborne, Waterborne), By Product (Primer, Emulsion, Enamel), By Application (Residential [New, Repaint], Non-Residential [New, Repaint]) And Segment Forecasts To 2024," rising government spending, foreign direct investments and public-private partnerships in emerging economies including Malaysia, Indonesia, Thailand, China and India on account of the rapid development and growing infrastructure requirement are expected to be a key factor driving the industry growth.
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