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 near future.
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 industries, etc.)
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.
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