Construction Repaint Market value and growth:
The Construction Repaint Market will grow from US$ 56.63 billion in 2020 to $ 77.84 billion in 2025, recording a compound annual growth rate of above 6.57% over the forecast period from 2020 to 2025.
Construction Repaint Market overview:
The Construction Repaint market is a fast-growing market which is to reach a total of USD 77.84 billion by 2023 with a 6.57 % CAGR. The market is mainly driven by the increasing investments in the non-residential constructions as a result of rapid urbanization across the globe.
Construction Repaint Market segmentation:
On the basis of Resin Type, the market is separated into Acrylic, Polyurethane, Alkyd, Polyester, Epoxy, and Others. Among the different resin types, the acrylic paints are calculated to be the largest growing resin type in the construction repaint market. The wide range of applications of the acrylic resin such as emulsions (latex), lacquers, enamels, and powers is the main reason for this segment’s flourishing growth. Also, the low cost, easy to clean and low VOC content of acrylic paints adds to the growth of the acrylic paint in the construction repaint market.
On the basis of Formulation, the market is separated into Water Borne and Solvent Borne. Of the two types of formulations, the waterborne paints are projected to have the highest market value. Waterborne paints are the largest revenue generators to the global construction repaint market.
On the basis of Application, the market is separated into Non-Residential and Residential. The non-residential construction is anticipated to have the highest growth rate when compared to residential construction. The increased number of constructions in the non-residential sector under the name of city development, urbanization, and maintenance & repair boost the non-residential repaint market.
Construction Repaint Market geographical analysis:
On the basis of region, the Construction Repaint Market is segregated into regions of North America, South America, Asia Pacific, Middle East and Africa, and Europe. Asia Pacific had the largest global market share in the year 2018 and is expected to be the fastest-growing market in the forecast period, due to its high CAGR, increasing demand for growing industries and scope of future opportunities, mainly in developing countries like Japan, India, and China.
The market value of Europe and North America are much lower from that of Asia Pacific. The growth in these regions is considerably low due to the regional advantages offered in the Asia Pacific like cheap labor and ease of resource availability. This makes the market centered in the Asia Pacific making Europe and North America slow growing regional markets.The Middle East & Africa and Latin America regions, being in the low developing countries due to the contribution of low GDP countries, have fewer chances for industry growth. Hence, the Construction Repaint market in these regions is slow growing in nature.
Construction Repaint Market key players:
Major companies plying their trade in the Construction Repaint Market include AkzoNobel N.V (Netherlands), Asian Paints Ltd. (India), Axalta Coating Systems LLC (U.S.), Jotun A/S (Norway),Kansai Paint Co., Ltd. (Japan), Nippon Paint Holdings Co., Ltd. (Japan), PPG Industries Inc. (U.S.), RPM International Inc. (U.S.), The Sherwin-Williams Company (U.S.), Muise Mergers & Acquisitions (Canada), and The Valspar Corporation (U.S.) are the leading shareholders of the Global Construction Repaint market. These companies are currently focused on expansion strategies to improve their market value and position.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Resin Type
5.1.8 Y-o-Y Growth Analysis, By Resin Type
5.1.9 Market Attractiveness Analysis, By Resin Type
5.1.10 Market Share Analysis, By Resin Type
5.2.2 Solvent Borne
5.2.4 Y-o-Y Growth Analysis, By Formulation
5.2.5 Market Attractiveness Analysis, By Formulation
5.2.6 Market Share Analysis, By Formulation
5.3.4 Y-o-Y Growth Analysis, By Application
5.3.5 Market Attractiveness Analysis, By Application
5.3.6 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Resin Type
126.96.36.199 By Formulation
188.8.131.52 By Application
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Resin Type
18.104.22.168 By Formulation
22.214.171.124 By Application
6.1.5 Market Share Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Resin Type
184.108.40.206 By Formulation
220.127.116.11 By Application
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Muise Mergers & Acquisitions
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Akzonobel N.V
8.3 Asian Paints Ltd.
8.4 Axalta Coating Systems LLC
8.5 Jotun A/S
8.6 Kansai Paint Co., Ltd.
8.7 Nippon Paint Holdings Co., Ltd.
8.8 PPG Industries Inc.
8.9 RPM International Inc.
8.10 The Sherwin-Williams Company
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures