This report provides exclusive insights into the COVID-19 impact on the Construction Paints and Coatings Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Construction Paints and Coatings Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Construction Paints and Coatings Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on
construction paints and coatings market provides in-depth analysis of segments
and sub-segments in the global as well as regional construction paints and
coatings market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional construction paints and
coatings market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of global
construction paints and coatings market. According to the report, the global
construction paints and coatings market is projected to grow at a CAGR of 5.0%
over the forecast period of 2019-2025.
Construction paints and coatings are varnish and paint materials
including liquid and powder. This paint material is generally used in buildings
and construction to protect and decorate surfaces. It enhances the resistance
of the several surfaces and protects the surface from weathering and rust. It
has architectural applications including, building panels, commercial windows,
curtain walls, etc. It is also used in the automotive, and aviation sectors.
This coating makes the surface more durable and enhances architectural beauty.
The global construction paints and coatings market is primarily
driven by factors including high demand for efficient paints and rising
activities in infrastructure and civil construction. Moreover, rising new
construction projects and increasing demand for repainting across the globe is
expected to fuel market growth in the near future. However, stringent
regulations by various countries government of environmental protection owing
to that there are very less number of approved chemicals present is expected to
hinder the demand for global construction paints and coatings market.
Nonetheless, the increasing practice of green buildings and products including
green coating, nano-coatings, etc. is anticipated to create a new opportunity
for global construction paints and coatings market.
On the basis of region, the global construction paints and
coatings market is bifurcated into North America, Asia Pacific, Europe, Latin
America, and the Middle East and Africa. The Asia Pacific held the largest
revenue share for global construction paints and coatings market in 2018 and it
is expected to be the fastest-growing region within the projected years owing
to India, Japan, and China are the major revenue generating nations in the
region. The rising investments in the construction sector and infrastructure
development are primary drivers for the growth of the market in Asia
Pacific. Countries such as Indonesia, Vietnam, and Singapore are emerging as
major revenue contributors in the region due to innovations in infrastructural
and construction practices including mixed-use developments and the smart
building is also anticipated to propel the market growth in the region in the
The report on global construction paints and coatings market
covers segments such as product, and application. On the basis of the product, the
sub-markets include power coating, solvent-borne technologies, high solids/radiation
cure, water-borne coating, and others (specialty coatings etc.). On the basis
of application, the sub-markets include medical & healthcare, residential,
automotive & aviation, commercial, and others (special products, other
The report provides profiles of the companies in the market such
as BASF SE, Asian Paints, RPM International Inc., Axalta Coatings System,
Helios Group, Tikkurila Oyj, DuPont Performance Coatings, PPG Industries,
Sherwin-Williams Company, and AkzoNobel N.V.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of construction
paints and coatings market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.