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Global Construction Paints and Coatings Market 2016-2020

  • Published: Oct 2016
  • Pages: 65
  • SKU: IRTNTR10646
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This market research report identifies players like AkzoNobel, Axalta Coating Systems, BASF, PPG Industries, and Sherwin-Williams to be the key vendors in the global construction paints and coatings market. This research report also presents a detailed segmentation of the market by product type (water-based and solvent-based), end-users (infrastructure, residential construction, and non-residential construction), and geography (the Americas, APAC, and EMEA).

Overview of the global construction paints and coatings market

Technavio’s market research analyst predicts the global construction paints and coatings market to grow at a CAGR of almost 6% between 2016 and 2020. There is an increasing demand for functional paints and coatings that provide protection to buildings against harsh weather, dampness, corrosion, fungi, and other destructive or negative influences on the building. Vendors are coming up with paints and coatings that reflect heat rays from buildings and paints that have antimicrobial and water-resistant properties. Moreover, the rise in demand from pre-engineered buildings has also augmented the use of paints and coatings, such as silicon modified polyester, regular modified polyester, and super polyester coatings, in both internal and external environments. With the growing demand for repainting and new construction projects across the globe, the construction paints and coatings market is expected to witness significant growth in the coming years.

In terms of geography, the construction paints and coating market in APAC is the largest and the fastest growing market. China, India, and Japan are the major revenue generating countries in this region. The growing investments in infrastructure development and construction sector are primary drivers for the market’s growth in APAC. Countries like Singapore, Indonesia, and Vietnam are emerging as major revenue contributors in APAC owing to innovations in construction practices such as smart building and mixed-use developments.

Competitive landscape and key vendors

The global construction paints and coatings market is extremely competitive and fragmented owing to the presence of many players including international as well as regional. Competition in the market is expected to intensify in the coming years due to lack of product differentiation. Local players are extending their foothold in the market by offering products at lower prices, which attracts end users. To extend their geographic reach and maximize their profit shares, the vendors are focusing on increasing their market share by M&A.

Leading vendors in the market are -

  • AkzoNobel
  • Axalta Coating Systems
  • BASF
  • PPG Industries
  • Sherwin-Williams

Other prominent vendors in the construction paints and coatings market include RPM, Nippon, Kansai Paint, Sika, and Jotun.

Segmentation by product type and analysis of the construction paints and coatings market

  • Water-based
  • Solvent-based

The water-based construction paints and coatings segment dominated the market during 2015 and is expected to grow steadily during the forecast period. The low VOC content of these coatings has led to their increased adoption in the developed regions owing to stringent regulations regarding emissions. Much of the segment’s growth can be attributed to the growing demand from APAC, especially China’s construction industry. Water-soluble paints are classified into polyester-based, polyacrylate-based or acrylic, alkyd-based, epoxy-based, and epoxy ester-based. Cost-effectiveness and high-quality performance are some of the major factors that will drive the growth of this segment over the next four years.

End-user segmentation and analysis of the construction paints and coatings market

  • Infrastructure
  • Residential construction
  • Non-residential construction

Construction paints and coatings have extensive usage in infrastructure development. The recovery of the global housing market and an increase in the demand for home improvement applications are driving the demand for construction paints and coatings in the infrastructure sector. Also, several individuals are undertaking DIY projects for renovating and remodeling their houses, thereby contributing to the demand for architectural coatings. With the growing concerns over environmental conditions, the demand for functional paints and coatings to protect buildings from harsh climatic conditions has increased, resulting in the positive growth of the overall market.

 Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global construction paints and coatings market?
  • What are the key market trends impacting the growth of the global construction paints and coatings market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global construction paints and coatings market?
  • What are the market opportunities and threats faced by the vendors in the global construction paints and coatings market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global construction paints and coatings market?

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Table of Content

 PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Overview
  • Processing of paints and colors

PART 05: Market landscape

  • Global construction paints and coatings market
  • Five forces analysis

PART 06: Market segmentation by product type

  • Global water-based construction paints and coatings market
  • Global solvent-based construction paints and coatings market

PART 07: Market segmentation by end user

  • Global paints and coatings market for infrastructure
  • Global paints and coatings market for residential construction
  • Global paints and coatings market for non-residential construction

PART 08: Market segmentation by geography

  • Construction paints and coatings market in APAC
  • Construction paints and coatings market in EMEA
  • Construction paints and coatings market in Americas

PART 09: Market drivers

  • Recovery of global housing market
  • Increase in demand for paints with functional benefits
  • Rise in demand from pre-engineered buildings

PART 10: Impact of drivers

PART 11: Market challenges

  • Stringent regulations regarding solvent-based coatings
  • Fluctuations in raw material costs, affecting product costs and operations
  • Lack of product differentiation

PART 12: Impact of drivers and challenges

PART 13: Market trends

  • Growing demand for premium paints among DIY consumers
  • Introduction of fluoropolymer topcoats
  • Nanocoatings: A rising wave

PART 14: Vendor landscape

  • Competitive scenario
  • Other prominent vendors

PART 15: Key vendor analysis

  • AkzoNobel
  • Axalta Coating Systems
  • BASF
  • PPG ndustries
  • Sherwin-Williams

PART 16: Appendix

  • List of abbreviations

PART 17: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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