Global Construction Repaint Market, By Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester and Others), Formulation (Solvent Borne, Waterborne and Others), Application (Residential, Commercial, Industrial and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the construction repaint market will witness a CAGR of 6.7% for the forecast period of 2021-2028. Rising urbanization, infrastructural development and growth in construction activities and aging of old buildings coupled with paint damages are likely to drive the growth of construction repaint market value.
A repaint is simply painting the structure again after the first or new construction paint job. Construction repaints are the paints that are used to paint to buildings or similar structures. Construction repaints are generally used for residential, commercial and industrial purposes. Construction repaints can also be used in varnishes, emulsions, and enamels. Construction repaints are generally used for the purpose of maintenance, repair, remodelling and renovation. The construction repaints are generally available in waterborne and solvent borne solutions.
Rising remodelling, renovation and repair activities have induced growth in the demand for construction repaints especially in the developing companies. Emergence of new players in the market coupled with rising collaborations will further create lucrative growth opportunities for the construction repaint market. Damaging of paints due to aging buildings will directly and positively influence the demand for construction repaints. Rising research and development proficiencies to introduce innovative and eco-friendly products will yet again bolster the construction repaint market growth rate. Increased private and government investments in this direction are also responsible for bolstering the market growth rate. Rising personal disposable income will also act as an indirect market growth determinant.
However, fluctuations or volatility in the prices of crude raw materials will pose a major challenge to the construction repaint market growth rate. Rising popularity of glass building coupled with rising westernization and changing lifestyle will limit the growth of the market. Rapid innovations have led to the introduction of durable paints which have increased their shelf life. This in turn will restrict the growth for the construction repaint market.
This construction repaint market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on construction repaint market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Construction Repaint Market Scope and Market Size
The construction repaint market is segmented on the basis of resin type, formulation and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of resin type, the construction repaint market is segmented into acrylic, alkyd, epoxy, polyurethane, polyester and others.
- On the basis of formulation, the construction repaint market is segmented into solvent borne, waterborne and others.
- On the basis of application, the construction repaint market is segmented into residential, commercial, industrial and others.
Global Construction Repaint Market Country Level Analysis
The construction repaint market is analysed and market size, volume information is provided by country, resin type, formulation and application as referenced above.
The countries covered in the construction repaint market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the market in terms of market share and market revenue. The region is set to continue to flourish its dominance over the forecast period. This is because of the unprecedented growth in the construction, reconstruction, remodelling, maintenance, repair and renovation activities especially in the developing economies such as India, and China. Increased private and government investment for infrastructural development and urbanization will further create lucrative growth opportunities for the construction repaint market. Rising technological advancements and increasing personal disposable income will act as other indirect market growth determinants. Rising focus of the key players to set up the manufacturing units in this region will also propel growth of the construction repaint market.
The country section of the construction repaint market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Construction Repaint Market Share Analysis
The construction repaint market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to construction repaint market.
The major players covered in the construction repaint market report are PPG Industries, Inc., Akzo Nobel N.V., The Sherwin-Williams Company, RPM International Inc., Axalta Coating Systems, Valspar, Nippon Paint Holdings Co., Ltd., Asian Paints, Jotun, Kansai Paint Co.,Ltd., Higgins Coatings, Nelsen Construction LLC, Inside-Out Painting & Construction, Rufinos Painting & Construction, Basic Needs Construction & Painting Company, LLC, FITZPATRICK PAINTING INC, Right Choice Painting & Construction, PAL Painting, YP LLC, NLPC Inc. and willco.com among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.