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Construction Paints And Coatings Market Size Projected To Reach $81.89 Billion By 2034 With A Cagr Of 6.6%
Construction Paints And Coatings
What Is the Projected Growth of the Construction Paints And Coatings Market?
The Construction Paints And Coatings Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Construction Paints And Coatings Market?
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What Are the Different Construction Paints And Coatings Market 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
Subsegments:
1) By Solvent-Borne Technologies: Alkyd Coatings, Epoxy Coatings, Polyurethane Coatings
2) By Water-Borne Coating: Acrylic Coatings, Vinyl Acetate Coatings, Styrene-Acrylic Coatings
3) By Powder Coating: Thermosetting Powder Coatings, Thermoplastic Powder Coatings
4) By High Solids Or Radiation Cure: High Solids Solvent-Borne Coatings, UV-Curable Coatings
5) By Other Product Types: Specialty Coatings, Antimicrobial Coatings, Intumescent Coatings
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What Are the Primary Drivers Shaping the Construction Paints And Coatings Market?
The growth of the construction paints and coatings market is set to be spurred by the surge in new construction initiatives. The term "construction projects" encapsulates a variety of tasks, such as building construction, repairs, refurbishments, retrofits, and even adaptations to infrastructure like bridges and tunnels. Paints and coatings play a crucial role in these projects due to their ability to prevent the ingress of water, corrosion, decay, and other forms of deterioration. For example, Zippia, an American tech, information, and internet firm, reported that in March 2023, there were 1.4 million completed new construction projects. This represents a 12.8% rise from January 2022. It is thus evident that the escalation in the number of new construction projects is fueling the expansion of the construction paints and coatings market.
Which Companies Are Leading in the Construction Paints And Coatings Market?
Major companies operating in the construction paints and coatings market include 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.
What Are the Major Trends Shaping the Construction Paints And Coatings Market?
The increasing prominence of technological innovations is a notable trend in the construction paints and coatings industry. Firms in the sector are leveraging new technologies to maintain their market standing. Dow, an American enterprise specializing in plastics and chemical production, is an example of this, unveiling a novel digital paint formulation platform in March 2023. This tool employs advanced digital techniques to cultivate modern skills, pushing innovation boundaries and promising enduring value to markets and consumer bases. This technology offers data-driven functionalities meant to accelerate innovations in the paints and coatings field and simplify the overall formulation process.
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What Are the Top Revenue-Generating Geographies in the Construction Paints And Coatings Market?
North America was the largest region in the construction paints and coatings market in 2024.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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Construction Paints And Coatings Market?
2. What is the CAGR expected in the Construction Paints And Coatings Market?
3. What Are the Key Innovations Transforming the Construction Paints And Coatings Industry?
4. Which Region Is Leading the Construction Paints And Coatings Market?
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