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Construction Paints and Coatings Market Trends , Growth, Share, Demand and Analysis of Key Players | 2019
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Asia Pacific is the largest regional segment of the global construction paints and coatings industry and, in conjunction with Europe, accounted for almost 70% of the global market in 2012. Construction activity is booming in Asia Pacific and is translating to strong growth prospects for the global construction paints and coatings market in APAC.Along with APAC and Europe, the market for construction paints and coatings in the Middle East is also attracting the attention of major industry players, due to the several new government projects coming up in countries such as the U.A.E., Saudi Arabia, and Qatar. The Middle East and North Africa (MENA) is expected to be a major regional segment in the global construction paints and coatings market’s growth in the coming years.
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Major restraints acting upon the global construction paints and coatings market include volatility in prices of petroleum-derived raw materials and increasing stringency of laws minimizing the amount of volatile organic compounds that can be included in paint and coating formulations. The report analyzes the impact of both drivers and restraints acting on the global construction paints and coatings market.Among the various types of paints and coatings in the global market, waterborne paints and coatings led the global construction paints and coatings market in 2012, accounting for a share of close to a third of the market. Other product segments of the global construction paints and coatings market include solvent-borne coatings, high solids/radiation cured paints and coatings, powder coatings, and others. The report presents quantitative forecasts for each of the product segments for the forecast period.
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The report also contains a systematic analysis of the competitive landscape of the global construction paints and coatings market. Reliable analytical tools such as Porter’s five forces analysis and SWOT analysis to work out the dynamics of the global construction paints and coatings market’s competitive dynamics. Major market players profiled in the report include BASF SE, AkzoNobel, PPG Industries, Asian Paints, and Sherwin-Williams Company.
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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.
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