Construction Repaint Market - Positive Long-Term Growth Outlook 2024
Construction repaint refers to paint used for residential, non-residential, commercial, and institutional applications. This includes varnishes, enamels, and emulsions among others that are used for the purpose of repairs, renovation, and maintenance works.
The construction repaint market can be segmented on the basis of resin type, formulation, application, and region. In terms of resin type, the market can be sub-segmented into acrylic, epoxy, polyester, alkyd, polyurethane, and others. On the basis of formulation, the market can be segmented into waterborne paints, solvent-borne paints, and other formulations. In terms of application, the market can be sub-segmented into residential and non-residential.
Global Construction Repaint Market: Trends and Opportunities
Waterborne paints are expected to be the largest segment among formulations in the global construction repaint market. Directives by regulatory bodies such as the Environmental Protection Agency and National Standard GB 18582-2008 for the discharge of volatile organic compounds (VOCs) is propelling the market for waterborne, VOC-free, and low-VOC content paints.
Get PDF Brochure for more Professional and Technical insights :
Acrylic paints are the expected to be the largest resin type segment in this market. Acrylic paints are waterborne and are available as lacquers, emulsions, enamels, and powders. Acrylic paints are easy to clean, inexpensive, and either have low VOC content or are VOC-free, which makes them the most preferred in the global construction paint market.
Non-residential construction is expected to display the fastest growth rate in the construction repaint market. Increasing investments for non-residential construction such as infrastructural structures, city development, buildings, urbanization, and maintenance and repair works are fuelling the market’s growth.
Bio-based paints are considered as potential eco-friendly substitutes in place of solvent borne and other paints with high VOC content. Moreover, the increasing utilization of glass in building construction is limiting the growth of the construction repaint market. Also, the introduction of newer products such as durable paint products augments the life of paints, thereby restraining the market’s growth.
Global Construction Repaint Market: Regional Outlook
The report analyzes the global construction repaint market in terms of its geographical reach. The global construction repaint market can be segmented into the regional markets of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, Asia Pacific held the largest share of the market in recent years and is also projected to be the fastest-growing market in the coming years. In this region, China is expected to account for a dominant share of the market, while India is expected to register the fastest-growth until the end of the forecast period in 2024.
Global Construction Repaint Market: Competitive Outlook
Some of the leading companies in the construction repaint market are AkzoNobel N.V., The Sherwin-Williams Company, Asian Paints Ltd, The Valspar Corporation, Kansai Paint Co. Ltd., PPG Industries Inc., RPM International Inc., Nippon Paint Holdings Co. Ltd., Axalta Coatings Systems, and Jotun A/S.
Companies in this market are focused on new product development, partnerships, joint ventures, and mergers and acquisitions to expand their market shares in the global construction repaint market. Extensive research and development activities for innovation and development of new products for newer growth avenues are also the focus of these companies. For instance, PPG Industries introduced two novel water-based aerosol ceiling textures for knockdown and orange-peel repair projects. The development of this new product would not only help reduce the time taken for the repair of ceilings and would also provide a competitive advantage over others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Visit Blog : http://depthresearchreport.blogspot.in/
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Construction Repaint Market - Positive Long-Term Growth Outlook 2024 here
News-ID: 436442 • Views: 452
More Releases from Transparency Market Research
Pad Printing Machine Market - Provides Veritable Information on Size, Growth Tre …
Pad Printing Machine Market: An Overview Need for an effective printing machine which can lay down simple one colored image or complex multicolor graphics to about every object helped in the introduction of pad printing machine. It is used to transfer a 2-D image via a silicon padon to a 3-D object on any type of surface like flat, spherical, irregular or cylindrical. Pad printing machine also prints photos or other
Varnished Cambric Tape Market - Company Strategy, Product Portfolio and Recent D …
Varnished cambric tape Market: An Overview The growth of renewable power generation will be an elementary factor to push the demand for the electrical wires and cables market across the globe, the countries are focusing more on power generation through renewable resources available in comparison with conventional (coal, thermal, etc.) power generation methodology, the transmission and distribution of electrical infrastructure is not only required to be completely developed in developed economies
Hip Flask Market | Reporting and Evaluation of Recent Industry Developments & Bu …
Hip Flask Market: An Overview Similar to the mobile, the hip flask started to appear in the form it was recognized today in the 18th century, the primarily hip flask was mainly used by the well-born people of high social class especially in the past. Initially, the hip flask was made of malleable metal alloy (Pewter), silver, gold, copper, and glass, but nowadays hip flask is also available in stainless steel
Cargo Pit Tape Market - Research Forecast, Revenue Opportunities And Sales Volum …
Cargo Pit Tape Market: An Overview The most important element in packaging is quality of adhesive to be used in packaged items to maintain the same quality throughout the supply chain till the time it reaches the destination safely. There are many types of packaging tapes available in the market with different applications. Polypropylene Tape: it’s economical, durable, and reliable and resistant to breaking or tearing during the shipping. Printed Fragile Tape: It
More Releases for Construction
Global Construction Chemicals Market
The driving factor for the Construction Chemicals Market are due to Rising strong demand for construction chemicals, including concrete and cement admixtures, waterproofing chemicals, rise in growth of emerging economies and governments are investing heavily in infrastructure and housing development will be factor of growth in construction chemical market. Lack of awareness and high investment in the product will be the restrains for Construction Chemicals Market. Global Construction Chemicals Market Global Construction
Dam Monitoring During Construction
Intelligent Geo Data Logger Reads Vibrating Wire Sensors A hydroelectric dam under construction in Serbia required monitoring of several environmental and structural properties to guarantee long-term strength and stability. Therefore the dam’s construction engineers put forth a proposal for a large number of geotechnical sensors to be installed and used during construction. These sensors included vibrating wire piezometers, joint meters, fill extensometers, and strain gages. Each sensor needed to interface with
Commercial Construction in Indonesia
Commercial Construction in Indonesia Overview "Commercial Construction Market in Indonesia: Market Size, Growth and Forecast Analytics to 2021" contains historic and forecast market data for the commercial construction market in Indonesia, with a detailed breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition) and by cost type( construction materials, construction equipment and construction services). This report also contains overall values of the commercial construction segments such as
Global Construction Outlook 2022
The Construction Intelligence Center (CIC) has revised upwards its forecast for growth in the global construction industry. In line with improved performance in some major markets and a brighter outlook for the global economy, the CIC now expects the pace of expansion in the global construction industry to average 3.7% a year over the forecast period (2018-2022), compared with 3.6% in the December 2017 forecast update. In real value terms
Building Openings Construction Manual
Every architect has to reflect on building openings, since every house has windows and doors. They are the interface between indoor and outdoor spaces, essential functional and design elements of facades which provide light, ventilation and climate control. What sounds so simple has become a highly complex matter in times of energy planning. DETAIL is now publishing a comprehensive standard and reference work on the subject: the Building Openings Construction
Airhart Construction Grand Opens
Airhart Construction is preparing to unveil a new fully furnished Farmington model on Saturday, October 22 at Fisher Farm, its low-maintenance community of 71 semi-custom single-family homes in Winfield. The debut of the new model—featuring Airhart Construction’s most in-demand floorplan—is good news for buyers who desire a customizable design, open layout, and plentiful standard amenities, said Christy Whelan, director of sales for Airhart Construction. “Even more exciting news is,” Whelan added, “is