Construction Paints And Coatings Market Analysis, Growth, Trends, Share, And Forecast To 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Construction Paints And Coatings Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $75.39 billion In 2028 At A CAGR Of 5.6% :

The construction paints and coatings market size has grown strongly in recent years. It will grow from $57.56 billion in 2023 to $60.57 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to growing construction activities, urbanization trends, regulatory compliance, economic stability, raw material costs.

The construction paints and coatings market size is expected to see strong growth in the next few years. It will grow to $75.39 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to global recovery post-pandemic, sustainability focus, infrastructure investments, residential and commercial real estate demand, supply chain challenges. Major trends in the forecast period include smart coatings and nanotechnology, digitalization in construction, technological advancementsdigital transformation, increased r&d for performance enhancements.

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Construction Paints And Coatings Market Major Segments
The construction paints and coatings market covered in this report is segmented -

1) By Product Type: Solvent-Borne Technologies, Water-Borne Coating, Power Coating, High Solids/ Radiation Cure, Other Product Types
2) By Resin Type: Polyurethane, Acrylic, Epoxy, Polyester, Alkyd
3) By Application: Residential, Commercial, Automotive And Aviation, Medical And Healthcare

Key Driver - Booming Construction Industry Is A Catalyst For The Surge In Construction Paints And Coatings Market

The rising new construction projects is expected to propel the growth of the construction paints and coatings market going forward. Construction projects refer to the systematic process of constructing, repairing, refurbishing, retrofitting, or adapting a building, or other built asset such as a tunnel or bridge. In construction projects, paints and coatings are projected to be important to prevent water from penetrating, to prevent corrosion, rotting, and deteriorating. For instance, in March 2023, according to Zippia, a US-based technology, information, and internet company, in January 2023, 1.4 million new construction projects were completed, which is a 12.8% increase, compared to January 2022. Therefore, the rising number of new construction projects is driving the growth of the construction paints and coatings market.

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Prominent Trend - Latest Paint Formulation Technology In Construction Paints And Coatings Industry

Technological advancements are a key trend gaining popularity in the construction paints and coatings market. Companies operating in the construction paints and coatings market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Dow, a US-based plastics and chemical manufacturing company launched a new digital paint formulation platform. The digital coating formulation platform uses new digital tools to develop cutting-edge skills that will push the boundaries of innovation and deliver lasting value to markets and consumers. This technology delivers data-driven capabilities intended to speed up innovation in the paints and coatings sector and simplify the formulation process.

Construction Paints And Coatings Market Players
Major companies operating in the construction paints and coatings market report are PPG Industries Inc., Badische Anilin- und Sodafabrik, Akzonobel N.V., Sherwin Williams Company, Asian Paints Ltd., Axalta Coating Systems Ltd., Valspar Corporation, Helios Group, Tikkurila Oyj, Beckers Group, DyStar Singapore Pte Ltd., Republic Powdered Metals International Inc., Jotun Chemicals, Dow Chemicals, Nippon Paint Holdings Co. Ltd., Kansai Paint Co. Ltd., Benjamin Moore & Co., Berger Paints Ltd., Hempel A/S, Brillux GmbH & Co. KG, DAW SE, H.B. Fuller Company, Dunn-Edwards Corporation, Kelly-Moore Paint Company Inc., Rust-Oleum Corporation, Tōa Kensetsu Kōgyō Corporation, Diamond Vogel Paints, Tnemec Company Inc., National Paints Factories Co. Ltd., Farrow & Ball Ltd.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the construction paints and coatings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global construction paints and coatings market report during the forecast period. The regions covered in the construction paints and coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Construction Paints And Coatings Market Report Structure
3. Construction Paints And Coatings Market Trends And Strategies
4. Construction Paints And Coatings Market - Macro Economic Scenario
5. Construction Paints And Coatings Market Size And Growth
…..
27. Construction Paints And Coatings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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