Global Construction Repaint Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Construction Repaint Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global Construction Repaint market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global construction repaint market report has been segmented on the basis of resin type, formulation, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Construction repaint is renowned as the paint which is used in homes, multi-family residential, commercial, and institutional applications. Such paints include varnishes, enamels, and emulsions among others that are used for the purpose of repairs, renovation, and maintenance works. These paints are available in waterborne or in solvent-borne formulations. The large number of buildings and constructions across the globe that need renovation and repairs which necessitated demand for construction repaints.
High disposable income and rising need for accommodation development are some major factors which are driving the global market of construction repaint. In addition, growing demand for housing, and rapid urbanization are acting as an encouraging factor for global construction repaint market. Government initiatives such as development of smart cities are providing major boost to the target market. Moreover, rising demand for residential and non-residential buildings, which is driving demand for repairing the existing infrastructure, is one of the factors fostering the market growth during the forecast period.
Recent trend shows that, sustainability of paint industry gaining continues momentum in the construction repaint industry. Manufacturers such as W. R. Grace and The Sherwin-Williams Company, have continued to strengthen R&D activities to provide customers with sustainable products and ways to save energy by introducing new products and processes.
Among regions, Asia Pacific is expected to dominate the global construction repaint market over the forecast period with a significant CAGR. Emerging countries such as China and India are expected to grow at substantial growth rate, owing to government initiatives, continued privatization, increased health, and safety regulation. Growing construction sector and infrastructural investments in developing economies such as India, China, Singapore, Indonesia etc. is expected to support market growth for construction repaint market.
Additionally, Construction Productivity and Capability Fund (CPCF) announced by the Building and Construction Authority (BCA) and Singapore is investing around US$ 600 million to boost the construction sector which is also estimated to drive the industry demand. In addition, India is the fastest-growing market for construction repaint owing to increasing demand from the residential & non-residential construction sectors drives the construction repaint market. Recently in 2016, Akzo Nobel introduced Dulux Forest Breath to the Chinese market, an anti-formaldehyde formulation that appeals to consumers who are concerned about air quality in their homes.
Global Construction Repaint Market Segmentation:
Segmentation by Resin type:
Segmentation by Formulation
- Waterborne paints
- Solvent-borne paints,
Segmentation by Application
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Akzonobel N.V.
- Asian Paints Ltd.
- Axalta Coating Systems LLC
- Joint Ventures
- Jotun A/S
- Kansai Paint Co., Ltd.
- Mergers & Acquisitions
- New Product Launches
- Nippon Paint Holdings Co., Ltd.
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