Construction repaint is identified as paints which are used in homes, commercial, and institutional applications for the purpose of maintenance, repairs, and for renovation. Moreover, high disposable income and rising need for accommodation development are some factors which are driving the market of construction repaint. Moreover, growing demand for housing, and rapid urbanization are encouraging factors for construction repaint market. Government initiatives such as development of smart cities are providing major boost to the market of construction repaint. However, popularity of glass buildings acts as a barrier for this market. Global construction repaint market is expected to cross USD 90 billion by 2022. The market is projected to grow at a CAGR of approximately 6% during the forecast period.
Market is expected to cross market size of USD 90 billion by the end of forecast period with CAGR of approximately 6% between 2016 and 2022.
Asia pacific is estimated to account for the largest share, in terms of value, of the construction repaint market. The region is expected to hold highest growth rate due to high demand from countries such as China and India. China is currently the largest market for construction repaint in the Asia-Pacific region, and is expected to remain by 2022. Moreover, increasing demand from the residential & non-residential sectors drives the construction repaint market in these countries.
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The major player operating in the market of global construction repaint are Akzonobel N.V, Asian Paints Ltd. , Axalta Coating Systems LLC, Joint Ventures, Jotun A/S,Kansai Paint Co., Ltd., New Product Launches, Nippon Paint Holdings Co., Ltd.,PPG Industries Inc.,RPM International Inc., The Sherwin-Williams Company, and The Valspar Corporation.
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The report for Global Construction Repaint Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advance Construction Repaint, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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