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Global Construction Paints & Coating Market to Reach USD76,089.2 Mn by 2019: TMR

Published on 2015-03-12. Author : SpecialChem

Transparency Market Research has published a research document titled “Construction Paints and Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019”. The report has been created with the express purpose of deciphering the global construction paints and coating market in order for the report’s users to carry out informed business decisions and display positive growth attributes. According to the report, the global construction paints and coating market is currently growing at a CAGR of 5.8% within a forecast time frame of 2013 to 2019. The market’s value prior to this report was recorded to be US$51,620.2 million in 2012. By the end of 2019, the market’s overall worth is predicted to be US$76,089.2 million.

The major growth driver for the global construction paints and coating market stems from the increasing construction activities around the world. The report’s market is directly linked to the construction sector and therefore finds an increasing demand from it.According to the TMR report’s analyst, “The global construction paints and coating market provides products that enhance the visual appearance, improve a structure’s chemical resistance and durability. The world’s construction industry has only recently experienced an upswing due to the rise in investments in it in many populous and affluent countries. These include ones from MENA, Latin America, and Asia Pacific that have undertaken various infrastructure projects that are expected to help the global construction paints and coating market to grow even further.”

The report also says that the segment of waterborne paints and coatings held the largest market share in 2012. The segment held more than 31% in terms of both revenue and volume.The second largest segment was solvent-borne paints and coatings, which is followed by the powder coatings segment and others such as solids/radiation cured coatings.The forward integration of the global construction paints and coating market gives its participants a specific set of advantages in a competitive sense that would enable them to maintain a greater level of customer retention and meet growing demand.

The largest markets in the 2012 global construction paints and coating market were Asia Pacific and Europe. The two regions collectively held almost 69% of the market share’s for that year. Asia Pacific dominated the market in the same period. The region’s top manufacturers in the global construction paints and coating market have set their focus on capacity expansion, which was further accelerated by the recovering global economy.Some of the key global players in the global construction paints and coating market that focused on capacity expansion include Asia Paints, Dow Corning, The Valspar Corporation, The Sherwin-Williams Company, and PPG Industries.

The global construction paints and coating market’s dominant segment, waterborne paints and coatings, is well-distributed in the global construction industry. The report says that its primary use lies in architectural applications and decorative purposes. The segment is expected to grow even further due to the increasingly tighter environmental regulations that water-based products can pass. This is the only segment that has products with a VOC content low enough to comply with the current standards.

About Transparency Market Research

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Source: Transparency Market Research

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