The size and share of Global Construction Repaint Market was valued at 50 billion in 2021 and is expected to grow at a compound annual growth rate of 9.5% in the forecast period of 2021 to 2026.
The Eiffel Tower is expected to have a repaint, possibly red this time. The Parisian monument, built in 1889, requires about 60 tonnes of a fresh coat of paint.
The Irish airlines Aer Lingus plans a rebrand in 2019 which is likely to cost the airlines € 2 million for the repaint of its existing airplanes.
Acrylic paints are the largest growing resin type in the construction repaints market. They are waterborne and are available in various forms such as emulsions (latex), lacquers, enamels, and powders. Also, they are economical, easy to clean and have low VOC content or are VOC-free which drives demand for acrylic paints, promoting growth in the global construction repaint market.
The product is used in various areas that require activities such as roofing, decoration in buildings etc. Also, they offer resistance against natural phenomenon such as corrosion to internal structural supports, resulting from unwanted water inflow. As a consequence, Concrete repair mortar prevents the degradation of the structure, thus extending its lifespan. In addition to this, this material has excellent bond strength that results in the increased structural strength of the buildings. All these aspects play a crucial role in the development of the construction repaint business around the world.
Significant investment in infrastructure development and residential projects owing to the freedom of investment regulations is another factor contributing towards the developments in the construction industry. This, in turn, will increase the demand for construction repaints. Another factor greatly influencing the construction repaints business demand is the rising popularity of green building initiative in different parts of the globe.
Construction industry is growing rapidly, and this growth is expected to be maintained during the projection period between 2020 and 2025. The application of repair mortar products has also gained popularity in the construction industry. These materials are available at a comparatively low cost when compared with other materials for the fixation activities.
Bio-based and hybrid paints are considered eco-friendly and with the current stringent regulations regarding the environment, it is a wonderful opportunity for the construction repaint market to reinforce its position in the bio-paint industry.
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.
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. The Asia Pacific (APAC) region is expected to be the largest construction repaint market during the outlook period of 2020 and 2025. In this area, China accounts for the most substantial revenue share. Construction, retail, transportation, etc. are some sectors where the demand for the Construction Repaint has increased rapidly over the past few years. The surge in local population is encouraging projects in the infrastructure industry, thereby raising the need for concrete materials around the continent.
North America is foreseen to witness a considerable growth owing to expanding industrial sector as a result of growing investments in construction liquefied natural gas terminals in the Gulf Coast region, as well as growth in new power plants. Industrialization and urbanization in countries, such as the U.S. and Canada, are creating demand for solar control repaint in industries such as construction and buildings and in the commercial sector. In addition to this, the rising focus on mitigating UV and infrared emissions, carbon footprints, and increasing safety in terms of theft and robbery are the key factors driving the market boom in this locale.
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
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Construction Repaint Market Market By Region, From 2021-2026( USD Billion )
Global Construction Repaint Market Market By Resin Type , From 2021-2026( USD Billion )
Global Acrylic Market By Region, From 2021-2026( USD Billion )
Global Alkyd Market By Region, From 2021-2026( USD Billion )
Global Epoxy Market By Region, From 2021-2026( USD Billion )
Global Polyurethane Market By Region, From 2021-2026( USD Billion )
Global Polyester Market By Region, From 2021-2026( USD Billion )
Global Others Market By Region, From 2021-2026( USD Billion )
Global Construction Repaint Market Market By Formulation, From 2021-2026( USD Billion )
Global Solvent Borne Market By Region, From 2021-2026( USD Billion )
Global Waterborne Market By Region, From 2021-2026( USD Billion )
Global Construction Repaint Market Market By Application, From 2021-2026( USD Billion )
Global Residential Market By Region, From 2021-2026( USD Billion )
Global Non-Residential Market By Region, From 2021-2026( USD Billion )