Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Construction paints and coatings are coatings used in the construction industry for protecting the infrastructure from corrosion and harsh weather conditions. This paints increase the resistance of the various infrastructure surface and prevent it from degradation. Moreover, its application also enhances the aesthetic of construction and building.

The global construction paints and coating market is estimated to account for US$ 76,089.2 Mn in terms of value and 26,821.6 Kilo Tons in terms of volume by the end of 2019.

Drivers:

The growing importance of waterborne solvent-based paints is expected to drive the market growth of the construction paints and coatings. Rising environmental concern coupled with the implementation of the new rules and regulations has further created a demand for waterborne solvents paint as these paints contain low amount of VOC’s and hence offer better environmental benefits to the traditional paints and coatings.

Growth in the construction activities around the globe is projected to drive the market growth of the construction paints and coatings. Increasing population is also creating demand for residential infrastructure which in turn is boosting demand for paints and coatings. Also, rapid growth in the manufacturing industries around the globe is again expected to augment the market growth of the construction paints and coatings. 

Figure 1. Global Construction Paints and Coating Market Share (%) in terms of Value, By Region, in 2019

Construction Paints and Coatings  | Coherent Market Insights

Asia Pacific region dominated the global construction paints and coating market in 2019, accounting for 44% share in terms of value, followed by Europe and North America, respectively.

Market Restraints

The fluctuating price of the raw materials used in the paints and coatings is expected to hinder the market growth. Raw materials are derived from crude oil which is highly susceptible to volatility in price. Also, recently crude oil has seen a sharp rise in price which increases the overall price of the raw materials. This instability in the price of the raw materials is expected to hinder the market growth.

Difficulties in obtaining a thin layer in powder coating and longer drying time in the water-based coating is expected to hamper the demand for paints &coatings. This factor is expected to hinder the market growth.

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Construction Paints and Coating Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 76,089.2 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 5.8% 2027 Value Projection: US$ 11,945.1 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Africa
Segments covered:
  • By Product Type: High Solids/Radiation Cured, Powder Coating, Water Borne, Solvent Borne and Others (Special Purpose Paints).
  • By Application: Architectural Paints, Others (Special Purpose Paints).
Companies covered:

PPG Industries, Inc., Sherwin-Williams Company, RPM International Inc., The Valspar Corporation, Helios Group, Dow Coating, Asian Paints, Deutsche Amphibolin- Werke Von Robert Murjahan Stiftung & Company, Axalta Coating Systems, Berger Paints India Limited and Tikkurila Oyj

Growth Drivers:
  • The growing penetration of waterborne solvent-based paints is expected to drive the market growth
  • Growth in the construction activities around the globe is projected to drive the market growth of the construction
Restraints & Challenges:
  • The fluctuating price of the raw materials used in the paints and coatings is expected to hinder the market growth

Market Opportunities

Growth in the construction industry in the Middle East and North Africa is providing potential market opportunities. This is creating demand for paints &coatings which is expected to propel the market growth. Increasing development of airports in the region coupled with the rising investment by the regional government for infrastructure development is again anticipated to foster the market growth of the paints &coatings over the forecast period.

Increasing focus of manufacturers to enhance the production capacity of the paints &coatings is expected to offer lucrative market opportunities in the construction paints &coatings. For instance, in May 2020, Hempel opened a new factory in Yantai Chemical Industrial Park, China. The new factory will help meet the increasing demand for more sustainable and innovative coating solutions in the region.

Figure 2. Global Construction Paints and Coating Market– Opportunity Analysis

Construction Paints and Coatings  | Coherent Market Insights

Market Trends/Key Takeaways

Decorative paints are gaining popularity in enhancing the aesthetic of the walls or surface. Increasing consumer spending on home decor products due to growing disposable income along with the improving living of standard is boosting demand for decorative paint. Shifting preferences of consumers towards trendy and stylish wall painting is further augmenting the market growth of the construction paints &coatings over the forecast period.

Increasing renovation of the housing across developing as well as developed regions is a growing trend in the market. Growing consumers' spending on the paintings of the infrastructure due to growing awareness regarding the architectural paintings is expected to foster the market growth. Moreover, ongoing various civil projects across developing regions such as China and India is further anticipated to propel the market growth of construction paints &coatings.

Figure 3. Global Construction Paints and Coating Market Share (%) in terms of Value, By Application, in 2019

Construction Paints and Coatings  | Coherent Market Insights

On the basis of application in 2019, the others segment has accounted the largest market share of 59% in terms of value, followed by architectural paints.

Global Construction Paints and Coatings Market - Impact of Coronavirus (Covid-19) Pandemic

According to Coherent Market Insight’s analysis, around 33% of the U.S. building materials is imported from China. Factories shutdown in China in the Quarter 1 (2020) has impacted construction activity in the U.S. The scenario is no different on the demand side, as the privately commissioned projects have been delayed, and future spending has been reduced. Construction engineering companies such as Matrix Service., Saipe, WorleyParsons, and TechnipFMC catering to the oil and gas and chemical industry are struggling due to the compounding effect of declining oil prices. Hence expected to hinder the growth of the construction paints and coatings market.

Competitive Section:

Company Names 

  1. PPG Industries Inc.
  2. Sherwin-Williams Company
  3. RPM International Inc.
  4. The Valspar Corporation
  5. Helios Group
  6. Dow Corning
  7. Asian Paints
  8. Deutsche Amphibolin- Werke Von Robert Murjahn Stiftung & Company
  9. Axalta Coating Systems
  10. Berger Paints India Limited
  11. Tikkurila Oyj

Few Recent Developments

In June 2017, Berger Paints has completed the acquisition of 100% of the paid-up equity share capital of Saboo Coatings. As a result, Saboo Coatings is now a 100% subsidiary of Berger Paints India.

Construction paints and coatings are varnishes materials that are available in the form of powder and liquid. It increases the resistance of the various surface and prevent rusting. Solvent-borne coatings, powder coatings, radiation cured coatings, waterborne coatings, and specialty coatings are some of the major types of construction paints and coatings.

The global construction paints and coating market is estimated to account for US$ 76,089.2 Mn in terms of value and 26,821.6 Kilo Tons in terms of volume by the end of 2019

Market Dynamics

The growing development of bio-based coatings for the construction industry is expected to bring new market opportunities over the forecast period. For instance, in March 2017, PPG launched Sigma Air Pure, a new bio-based wall paint for the professional and consumer market. Sigma Air Pure is a bio-based wall paint with an air purification effect. It enhances the indoor air climate of homes, offices, and schools by reducing up to 70 percent of the harmful formaldehyde from the indoor air.

Growth in the construction activities around the globe is projected to drive the market growth of the construction paints and coatings. Increasing population is also creating demand for residential infrastructure which in turn is boosting demand for paints and coatings. Also, rapid growth in the manufacturing industries around the globe is again expected to augment the market growth of the construction paints and coatings.

Key features of the study:

  • This report provides in-depth analysis of the global construction paints and coating market and provides market size (US$ Million & Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on global construction paints and coating market.
  • It profiles key players in the global construction paints and coating market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study PPG Industries, Inc., Sherwin-Williams Company, RPM International Inc., The Valspar Corporation, Helios Group, Dow Coating, Asian Paints, Deutsche Amphibolin- Werke Von Robert Murjahan Stiftung & Company, Axalta Coating Systems, Berger Paints India Limited and Tikkurila Oyj
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global construction paints and coating market report caters to various stakeholders in this industry including investors, suppliers, global soy and milk protein ingredients manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global construction paints and coating market

Detailed Segmentation:

  • Global Construction Paints and Coating market, By Product Type:
    • High Solids/Radiation Cured
    • Powder Coating
    • Water Borne
    • Solvent Borne
    • Others
  • Global construction paints and coating market, By Application:
    • Architectural Paints
    • Others
  • Global Construction Paints and Coating market, By Region:
    • North America
      • U.S.
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
      • Canada
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
    • Europe
      • U.K.
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
      • Germany
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
      • France
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
      • Italy
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
      • Spain
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
      • Russia
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
      • Rest of Europe
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
    • Asia Pacific
      • China
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
      • India
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
      • Japan
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
      • ASEAN
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
      • Australia
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
      • South Korea
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
      • Rest of Asia Pacific
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
    • Latin America
      • Brazil
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
      • Mexico
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
      • Rest of Latin America
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
    • Middle East & Africa
      • Middle East
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
      • Africa
        • By Product Type:
          • High Solids/Radiation Cured
          • Powder Coating
          • Water Borne
          • Solvent Borne
          • Others
        • By Application:
          • Architectural Paints
          • Others
  • Company Profiles
    • PPG Industries, Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Sherwin-Williams Company
    • RPM International, Inc.
    • The Valspar Corporation
    • Helios Group
    • Dow Coating
    • Asian Paints
    • Deutsche Amphibolin- Werke Von Robert Murjahan Stifing & Company
    • Axalta Coating Systems
    • Berger Paints India Limited
    • Tikkurila Oyj

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Construction Paints and Coatings Market – Impact of Coronavirus (Covid-19) Pandemic
    • Impact of Coronavirus – Overview
    • Impact Analysis, By Region
      • North America
      • Latin America
      • Europe
      • Asia Pacific
      • Middle East
      • Africa
  5. Global Construction Paints and Coatings Market, By Product Type, 2017 - 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • High Solids/Radiation Cured
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Powder Coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Water Borne
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Solvent Borne
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
  6. Global Construction Paints and Coatings Market, By Application, 2017 - 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Architectural Paints
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
  7. Global Construction Paints and Coatings Market, By Region, 2017- 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Region, 2020 – 2027 (%)
    • North America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Middle East & Africa
      • Market Share Analysis, By Sub-Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Sub-Region, 2020 – 2027 (%)
        • Middle East
          • Sub-region Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Africa
          • Sub-region Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • PPG Industries, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sherwin-Williams Comapny
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • RPM International, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • The Valspar Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Helios Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Dow Coating
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Asian Paints
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Deutsche Amphibolin- Werke Von Robert Murijahan Stifing & Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Axalta Coating Systems
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Berger Paints India Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Tikkurila Oyj
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for construction paint and coatings is estimated to surpass US$ 1, 19,451.1 million by 2027, exhibiting a CAGR of 5.8% between 2020 and 2027.
The growing importance of waterborne solvent-based paints is expected to drive the market growth of the construction paints and coatings. Rising environmental concern coupled with the implementation of the new rules and regulations has further created a demand for waterborne solvents paint as these paints contain low amount of VOC’s and hence offer better environmental benefits to the traditional paints and coatings.
The construction paints and coatings market is expected to exhibit a CAGR of 5.8% during the forecast period (2020-2027).
Major players operating in the global construction paints and coatings market include PPG Industries, Inc., Sherwin-Williams Company, RPM International Inc., The Valspar Corporation, Helios Group, Dow Coating, Asian Paints, Deutsche Amphibolin- Werke Von Robert Murjahan Stiftung & Company, Axalta Coating Systems, Berger Paints India Limited and Tikkurila Oyj
Difficulties in obtaining a thin layer in powder coating and longer drying time in the water-based coating is expected to hamper the demand for paints &coatings. This factor is expected to hinder the market growth.
Increasing renovation of the housing across developing as well as developed regions is a growing trend in the market. Growing consumers' spending on the paintings of the infrastructure due to growing awareness regarding the architectural paintings is expected to foster the market growth. Moreover, ongoing various civil projects across developing regions such as China and India is further anticipated to propel the market growth of construction paints &coatings
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