Market Synopsis of Construction Repaint Market
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.
Market is expected to cross market size of USD 90 billion by the end of forecast period with CAGR of approximately 6% between 2016 and 2022.
Global Construction Repaint Market is segmented
- By Resin Type (Acrylic, Polyester, Epoxy and other)
- By Application (Residential, and Non-Residential)
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Study Objectives of Construction Repaint markets Market
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Construction Repaint Market.
- To provide insights about factors affecting the market growth.
- To analyze the Construction Repaint markets market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by resin type, and application and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Conveyor system.
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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
- The Valspar Corporation.
- Research Institute / Education Institute
- Potential Investors
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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