Global Construction Repaint Market 2017-2021

Overview of the global construction repaint market

Research analysis on the global construction repaint market identifies that the use of bio-based materials in paints will be one of the major factors that will have a positive impact on the growth of the market. The paints and coatings industry has been under immense pressure from regulatory authorities to reduce the environmental impact of their products, especially paints. The use of renewable raw materials is considered as an option for achieving the goal if the cost or performance ratio is acceptable. The use of bio-based raw materials in paints is reliable and sufficient to meet growth expectations. This also results in a measurable reduction of the environmental impact as well. Natural oils, resins, waxes, gums, and polysaccharides are important components of many coating formulations currently available. In addition, better carbon and life-cycle performance along with greater purity, enhanced water solubility, and reduced toxicity are the major drivers for the use of bio-based ingredients in paints. These factors drive the use of bio-based materials in paints, which in turn, will propel the growth of the construction repaint market during the forecast period.

In terms of geographic regions, APAC will be the major revenue contributor to the construction repaint market throughout the forecast period. The region is expected to have the highest growth rate due to the increased demand for construction paints from countries such as Japan, China, and India. Moreover, the market is expected to grow in the developing markets such as India, due to the growing demand from aging buildings, rise in infrastructure repairs, and the growing use of waterborne coatings in paints.

Competitive landscape and key vendors  

The construction repaint market consists of few major global vendors. These vendors focus on manufacturing products which comply with the fluctuating prices of raw materials. The major vendors in the market are focusing on expanding their presence through either M&A activities or joint ventures to gain easy access to the growing markets and dilute the regional business risk.

The leading vendors in the market are -

• Akzo Nobel
• PPG Industries
• RPM International
• The Sherwin-Williams Company
• W.R.Grace

The other prominent vendors in the market are Amkay Chem, Asian Paints, Acro Paints, Cresta Paints, J. K. Paints, Kansai Nerolac Paints, Karna Paints, Piyanshu Chemicals, Neo Pack Plast, NIPPON PAINT, Wacker Chemie, and Vivacious Pharmatex.

Segmentation by types and analysis of the construction repaint market

• Alkyd
• Polyurethane
• Polyester
• Epoxy
• Acrylic

During 2016, the acrylic type segment accounted for the major shares of the construction repaint market. Factors such as inexpensive pricing and its wide usage in architectural coatings, product finishes for original equipment manufacturers such as automotive and refinish, and in special-purpose coatings, will contribute to the growth of this industry segment in the coming years.

Segmentation by formulation and analysis of the construction repaint market

• Waterborne paints
• Solventborne paints
• Power coatings

According to this market research report, the waterborne paints segment will hold the maximum share of the construction repaint market until 2021. The qualities such as reduction in VOC emissions and lesser exposure to hazardous air pollutants will drive the growth of this segment in the global market. Also, the market for waterborne formulation is likely to grow at a high rate due to the stringent environmental regulations and technology shifting toward eco-friendly products.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global construction repaint market?
• What are the key market trends impacting the growth of the global construction repaint market?
• What are the challenges to market growth?
• Who are the key vendors in the global construction repaint market?
• What are the market opportunities and threats faced by the vendors in the global construction repaint market?
• Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global construction repaint market?

Technavio also offers customization on reports based on specific client requirement.

Construction repaint is recognized as the paint used in homes, multi-family residential, commercial, and institutional applications such as varnishes, emulsions, and enamels for the purpose of maintenance, repairs, and renovation work. Our market research reports for the chemicals and materials industry follow a systematic data collection methodology and offer an analysis of fast growing market segments like paints, coatings, and pigments. This upcoming industry research report on the global construction repaint market offers insights into the key trends and emerging drivers influencing the growth of the paints, coatings, and pigments industry.

This upcoming market research report on the global construction repaint market also covers vendors like Sherwin-Williams, RPM International, Nippon Paint, PPG Industries, and AkzoNobel. By considering the market forecast and size and the surging demand for various paints, coatings, and pigments, the market research professionals at Technavio offer a clear picture of the global construction repaint market for the projected period of 2017 to 2021. Additionally, our research practices help clients develop effective growth strategies and keep up with the constantly changing market landscape. This market study also offers a complete analysis based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders.

To offer clients the scope to classify probable market opportunities and expand in niche markets, this market report on the global construction repaint market also covers geographies like the Americas, APAC, ROW, and Europe. This upcoming industry report on the global construction repaint market also considers the growth of the similar paints, coatings, and pigments markets such as the electrically conductive coatings, which is expected to grow at a CAGR of close to 8% during the forecasted period.

The upcoming market research report for the global construction repaint market also classifies the key drivers, major trends, as well as the restraints that the paints, coatings, and pigments sector currently experiences. It also presents insights into the rapidly altering competitive scenario to give clients an accurate picture of the upcoming events within the chemicals and materials industry. Technavio also provides deep-dive market assessments into the sectors such as specialty chemicals and olefins.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.