A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Construction
Repaint Market.
The study, titled “Construction
Repaint Market - Global Industry Analysis, Size, Share, Trends,
Analysis, Growth and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
Construction Repaint Market: Overview
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.
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PDF Brochure for more Professional and Technical insights :
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.
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.
Browse
Market Research Report with ToC & Analysis :
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
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- 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)
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Us
Transparency
Market Research (TMR) is a market intelligence company, providing
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of quantitative forecasting and trends analysis provides
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and analyze information.
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data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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