POLAND ARCHITECTURAL COATINGS MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028
The market for architectural coatings in Poland is anticipated to grow at a CAGR of 4.86%. The government's "The Operational Programme Infrastructure and the Environment 2014-2020" saw a CAGR of 6.00% in architectural coating usage from the residential sector from 2016 to 2021. This offers grants and loans for renovating multifamily homes in an energy-efficient manner. Between 2016 and 2021, Poland completed more than 230,000 homes, a CAGR of 7.66% for the annual number of homes built.
Despite the pandemic and the lockdown in Poland in 2020, the government implemented a number of anti-crisis measures, such as financial shields, interest rate reductions, and job protection schemes, to lessen the impact of the pandemic on the residential construction industry.
The consumption of architectural coatings is anticipated to increase rapidly through 2022 and then continue to grow steadily through 2028.
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