Published Date : Nov 21, 2016
Albany, NY, Nov 21, 2016: The research report, titled “Global Construction Paints And Coatings Market 2016-2020,” offers a comprehensive review of the global market. The researchers have studied the historical developments in the global market and compared them to the present-day scenario in order to provide an understanding of the trajectory of the market. Furthermore, the research report also identifies the strength, weaknesses, opportunities, and threats impacting the segments of the global market. The document aims to offer unbiased guidance to its readers for making well-informed business decisions.
According to the research report, the global construction paints and coatings market is expected to expand at a CAGR of 6.31% during the forecast period of 2016 and 2020. The recovery of the global construction industry after the economic slowdown has been largely responsible for the increased uptake of construction paints and coatings. The products available in the global market are being used for both commercial and residential complexes. The growing need for paints with functional benefits has also profited the market in more ways than one. Analysts predict that in the coming years a rise in the demand for pre-engineered buildings is likely to boost the sales of construction paints and coatings.
The increasing demand for premium construction paints especially amongst the DIY consumers is anticipated to be an emerging trend in the global construction paints and coatings market. Analysts anticipate that introduction fluoropolymer topcoats and nanocoatings are expected to fuel the growth of the overall market in the coming years as well. Despite the positives, the global construction paints and coatings market is likely to be tugged in the opposite direction due to certain challenges. The biggest hurdle in the global market are the tough regulatory standards pertaining to solvent-based coatings. The market is also being negatively impacted by the lack of product differentiation and vulnerability of production costs and operation due to fluctuating prices of raw materials.
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The global construction paints and coatings market is segmented on the basis of product into water-based construction paints and coatings and solvent-based construction paints and coatings. On the basis of the end user, the market is divided into infrastructure, residential construction, and non-residential construction. In terms of region, the market is segmented into Asia Pacific, Europe, Middle East and Africa, and the Americas.
Some of the key players operating in the global construction paints and coatings market are Jotun, RPM, AkzoNobel, BASF, Kansai Paint, Sika, Axalta Coating Systems, Nippon, PPG Industries, and Sherwin-Williams. The researchers have profiled these players and provided a thorough reports of the competitive landscape present in the global market. The report includes an assessment of the research and development activities of these players, their financial outlook, and expansion plans. The document also includes recommendations and comments from expert market leaders to provide an in-depth insight into the growth of the market.
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