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New report examines the top 3 trends impacting the construction repaint market forecast to 2021

Construction Market Research

Construction Repaint Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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The analysts forecast Global Construction Repaint Market to grow at a CAGR of 6.54% during the period 2017-2021.

The following companies as the key players in the Global Construction Repaint Market: Akzo Nobel, PPG Industries, RPM International, The Sherwin-Williams Company, and W.R.Grace.

Other Prominent Vendors in the market are: Amkay Chem, Asian Paints, Acro Paints, Cresta Paints, J. K. Paints, Kansai Nerolac Paints, Karna Paints, Piyanshu Chemicals, Neo Pack Plast, NIPPON PAINT, Wacker Chemie, and Vivacious Pharmatex.

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The latest trend gaining momentum in the market is Sustainability of paint industry. Sustainability in paint industry continues to be a major trend in the construction repaint industry.

Companies such as W. R. Grace, The Sherwin-Williams Company, and others, have continued to strengthen their R&D activities to provide their customers with sustainable products and ways to save energy by introducing new processes.”

The report covers the present scenario and the growth prospects of the Global Construction Repaint Market For 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of construction repaint across several types.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

According to the report, one of the major drivers for this market is Increase in cost of maintenance and repair. Constructions must be maintained to prevent deterioration and enhance aesthetics and lifespan.

Repair and maintenance of old buildings are driving the demand for construction repaints. The rising demand for residential and non-residential buildings, which is driving the demand for repairing the existing infrastructure, is one of the factors fostering the market growth during the forecast period.

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Construction repaints are considered as paints which are used in homes, commercial, multi-family residential, and institutional applications. These are used for repairs, maintenance, and renovation.

Some of the applications include varnishes, emulsions, and enamels. The raw materials used in the market are solvents (conventional or green), resins, extenders, additives, and pigments.

Major suppliers of these raw materials are Arkema, Solvay, Allnex, BASF, Covestro, DIC CORPORATION, Royal DSM, Momentive Performance Materials, Huntsman International, The Dow Chemical Company, LyondellBasell Industries, and Eastman Chemical Company.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuation of crude oil prices. Construction paints are manufactured using petrochemical derivatives, such as polyurethane and epoxy.

These compounds roughly account for 50% of the total raw material cost. The fluctuations in crude oil prices have a severe impact on the price of the raw materials such as epoxies, resins, and acrylic monomers, affecting the cost of the paints that are used in construction.

Therefore, the prices of these materials vary in tandem with the natural gas and crude oil prices.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key vendors

  • Akzo Nobel
  • PPG Industries
  • RPM International
  • The Sherwin-Williams Company
  • W.R.Grace

Other prominent vendors

  • Amkay Chem
  • Asian Paints
  • Acro Paints
  • Cresta Paints
  • J. K. Paints
  • Kansai Nerolac Paints
  • Karna Paints
  • Piyanshu Chemicals
  • Neo Pack Plast
  • Wacker Chemie
  • Vivacious Pharmatex

Market driver

  • Increase in cost of maintenance and repair
  • For a full, detailed list, view our report

Market challenge

  • Fluctuation of crude oil prices
  • For a full, detailed list, view our report

Market trend

  • Sustainability of paint industry
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

Table of Contents

  • PART 01: Executive summary
  • PART 02: Scope of the report
  • PART 03: Research Methodology
  • PART 04: Introduction
  • Market outline
  • PART 05: Market landscape
  • PART 06: Market segmentation by types
  • PART 07: Market segmentation by formulation
  • PART 08: Market segmentation by application
  • PART 09: Geographical segmentation
  • PART 10: Decision framework
  • PART 11: Drivers and challenges
  • PART 12: Market trends
  • PART 13: Vendor landscape
  • PART 14: Key vendor analysis
  • PART 15: Appendix

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