Press release
Construction Repaint Market Projected to Post USD 90 Billion Revenue by 2022
Construction Repaint Market
Market Research Analysis:
Market Research Future analysis show that the Global Construction Repaints Market is estimated to cross USD 90 billion by the end of year 2022. Growing consumer demand for construction, infrastructural development is some of the factors which are driving the market of construction repaint. Aging paints in existing buildings, increasing demand for repair & maintenance as well as government emphasis on infrastructure are driving construction in the Global Construction Repaint Market.
Asia-Pacific region is leading the market of construction repaint. This is because of the growth in construction industry and preference towards infrastructural development which are boosting the market growth. Construction repaint demand is growing in housing and infrastructure sector. The global construction repaint is expected to grow at CAGR of approximately 6% between years 2016 to 2022.
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Key Players:
The prominent players in the construction repaint includes are
• Akzonobel N.V
• Asian Paints Ltd.
• Axalta Coating Systems LLC
• Joint Ventures
• Jotun A/S
• Kansai Paint Co., Ltd.
• Nippon Paint Holdings Co.
• Ltd.,PPG Industries Inc.
• RPM International Inc.
• The Sherwin-Williams Company
• The Valspar Corporation
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Market Drivers
The global market of construction repaint is growing rapidly. Focus towards construction, and infrastructural development makes Construction repaint popular. Moreover, damage of paints in existing buildings and infrastructure are driving the market of construction repaint. Such Construction Repaint Market accounts for features such as covering ability, increased aesthetic value, ease of cleaning and thus can be conveniently used. This boosts the market of construction repaint.
Acrylic paints is estimated to account for the largest share in the Construction Repaint Market due to factors such as economical, water-soluble, eco-friendly and easy to clean. However, high costs and increasing popularity of glass building acts as a significant entry barrier.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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