Construction Repaint Market is projected to grow at a CAGR of approximately 6% during the forecast period
Global Construction Repaint Market, by Resin Type (Acrylic, Polyester, Epoxy and other), by Application (Residential, and Non-Residential) – Forecast 2016-2022
Pune, India – October 4, 2017 /MarketersMedia/ —
Market Synopsis of Construction Repaint Market
Market Scenario:
Construction Repaint is identified as paints which are used in homes, commercial, and institutional applications for the purpose of maintenance, repairs, and for renovation. Moreover, high disposable income and rising need for accommodation development are some factors which are driving the market of construction repaint. Moreover, growing demand for housing, and rapid urbanization are encouraging factors for Construction Repaint Market. Government initiatives such as development of smart cities are providing major boost to the market of construction repaint. However, popularity of glass buildings acts as a barrier for this market. Global Construction Repaint Market is expected to cross USD 90 billion by 2022. The market is projected to grow at a CAGR of approximately 6% during the forecast period.
Construction paint is used for exterior as well as interior applications and have high demands for source materials and manufacturing processes. Increase visual appeal of building surface, protection of surface against weathering impact, protection from termite attack and increased surface durability are some of the factors which boost the market of construction repaint. Moreover constant modernization and implementation of latest technologies are further driving the demand for construction repaints market across the globe.
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The report has analyzed the market based on the two segments: Resin type, and application in the regions of North America, Europe, A.PAC and rest of the world. On the basis of resin type it includes acrylic, polyester, epoxy and other. Acrylic paints are estimated to be fastest-growing resin type in the construction repaint market. Factors such as economical, water-soluble, eco-friendly as well as environment regulations on VOC emissions augment the demand for acrylic paints in the construction repaint market. Moreover, on the basis of application it includes residential, and non-residential. Residential sector holds the largest share due to factors such as high investment in non-residential segment as well as infrastructural development. While challenges such as increasing popularity towards glass buildings and slow development of infrastructure projects is expected to hamper the market. The global construction repaint market is expected to cross USD 90 Billion at the end of the forecasted period and is expected to grow at CAGR of approximately 6% from 2016 to 2022.
Regional Analysis:
Asia pacific is estimated to account for the largest share, in terms of value, of the construction repaint market. The region is expected to hold highest growth rate due to high demand from countries such as China and India. China is currently the largest market for construction repaint in the Asia-Pacific region, and is expected to remain by 2022. Moreover, increasing demand from the residential & non-residential sectors drives the construction repaint market in these countries.
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Key Players:
The major player operating in the market of Global Construction Repaint are Akzonobel N.V, Asian Paints Ltd. , Axalta Coating Systems LLC, Joint Ventures, Jotun A/S,Kansai Paint Co., Ltd., New Product Launches, Nippon Paint Holdings Co., Ltd.,PPG Industries Inc.,RPM International Inc., The Sherwin-Williams Company, and The Valspar Corporation.
Key Points from Table of Contents:
7 Competitive Analysis
7.1 Market Share Analysis
7.2 Company Profiles
7.2.1 Akzonobel N.V
7.2.2 Asian Paints Ltd.
7.2.3 Axalta Coating Systems Llc
7.2.4 Joint Ventures
7.2.5 Jotun A/S
7.2.6 Kansai Paint Co., Ltd.
7.2.7 New Product Launches
7.2.8 Nippon Paint Holdings Co
7.2.9 Ppg Industries Inc.
7.2.10 Rpm International Inc.
7.2.11 Others
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