Report Explores the Global Construction Paints and Coatings Market Size, Demand, Growth, Analysis and Forecast to 2025
Construction Paints and Coatings Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of construction paints and coatings market by product (power coating, solvent-borne technologies, high solids/radiation cure, water-borne coating (specialty coatings etc.)), application (medical & healthcare, residential, automotive & aviation, commercial) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the construction paints and coatings market it includes the five years Industry analysis and the 6 years annual forecast from to 2025. Some of the prominent participants in the global construction paints and coatings market are 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 global construction paints and coatings market is projected to grow at a CAGR of 5.0% over the forecast period of 2019-2025.
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Construction Paints and Coatings Market: Drivers, Restrain and Opportunities
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.
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Asia Pacific Held the Largest Revenue Share 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.
Construction Paints and Coatings Market: Segmentation
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.)
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the construction paints and coatings.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.