Pune, Maharashtra — 02/14/2018 — The Global Construction Repaint Market accounted for USD 49.85 billion in 2016 and is projected to grow at a CAGR of 6.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Construction repaints are considered as paints which are used in homes, commercial, multi-family residential and institutional applications. These are used for repairs, maintenance, and renovation. Some of the applications include varnishes, emulsions, and enamels. The raw materials used in the market are solvents, resins, extenders, additives, and pigments. This is expected to be one of the major drivers of the market over the next seven years.
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The global construction repaint market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Drivers and Restraint:
– Aging and damage of paints in existing buildings and infrastructure
– Growing market for building & construction sector
– Increasing popularity of glass buildings
– Use of durable products improving the life of paints
Major Market Competitors:
Some of the major players in construction repaint market PPG Industries Inc., Akzo Nobel N.V., The Sherwin-Williams Company., Jotun A/S, Kansai Paint Co., Ltd., Higgins Coatings, Nelsen Construction LLC, Inside-Out Painting & Construction, Rufinos Painting & Construction, PAL Painting, YP LLC, NLPC Inc., Basic Needs Construction & Painting Company, LLC, FITZPATRICK PAINTING INC, Right Choice Painting & Construction, WILLCO, Inc.and many more.
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On The Basis Of Resin Type:-acrylic, alkyd, epoxy, polyurethane, polyesterand others.
On The Basis Of Formulation:-solvent borne, waterborneand others.
On The Basis Of Application:-residential, commercial, industrial and others.
On The Basis Of Geography, the construction repaint market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
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