Unlocking Opportunities in the Construction Paints And Coatings Market: 2025-2034 Forecast Report

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What Will the Construction Paints And Coatings Industry Market Size Be by 2025?
The market size of construction paints and coatings has seen a significant increase in the past years. Its growth is expected to continue, rising from $60.16 billion in 2024 to $63.36 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%. The historical growth can be credited to factors such as increasing construction activities, trends in urbanization, regulatory compliance, economic stability, and the cost of raw materials.

What's the Long-Term Growth Forecast for the Construction Paints And Coatings Market Size Through 2029?
The market size for construction paints and coatings is anticipated to witness significant expansion in the coming years. It is projected to reach "$81.89 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.6%. The said growth during the forecasted timeline is due to the global recuperation after the pandemic, emphasis on sustainability, investments in infrastructure, demand in commercial and residential real estate, and supply chain issues. Predominant trends for this forecast period consist of smart coatings and nanotechnology, construction digitalization, technological breakthroughs digital revolution, and increased research and development for performance improvements.

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What Are the Key Growth Drivers Fueling the Construction Paints And Coatings Market Expansion?
The surge in new construction projects is believed to be a significant driver for the growth of the construction paints and coatings market. These construction projects could involve processes such as construction, repair, refurbishment, retrofitting, or adaption of physical structures like buildings, tunnels, or bridges. Paints and coatings are deemed essential in these projects for preventing water seepage, corrosion, rotting, and deterioration. For instance, Zippia, an American tech, information, and internet firm, reported that in January 2023, 1.4 million new construction projects were completed. This marked a 12.8% growth compared to January 2022. Thus, the escalating number of new construction projects is propelling the expansion of the construction paints and coatings market.

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What Are the Key Trends Driving Construction Paints And Coatings Market Growth?
The adoption of innovative technology has become a major trend in the construction paints and coatings industry. To maintain market dominance, firms in this sector are implementing new technologies. For example, Dow, an American plastic and chemical production company, introduced a novel digital paint formulation platform in March 2023. This platform employs state-of-the-art digital tools to foster the development of advanced capabilities, sparking innovation and providing enduring benefits to the market and consumers. This technology is designed to offer data-powered features that accelerate progress in the paint and coatings sector and streamline the creation process.

How Is the Construction Paints And Coatings Market Segmented?
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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Which Companies Are Leading the Charge in Construction Paints And Coatings Market Innovation?
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, Toa Kensetsu Kogyo Corporation, Diamond Vogel Paints, Tnemec Company Inc., National Paints Factories Co. Ltd., Farrow & Ball Ltd.

Which Regions Are Leading the Global Construction Paints And Coatings Market in Revenue?
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

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