Construction Coatings Market Size, Growth| Industry Report, 2020-2026

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2. Construction Coatings Market Size, Growth| Industry Report, 2020-2026 • The global construction coatings market size is anticipated to expand at a significant CAGR during the forecast period, 2020–2026, owing to the rise in construction activities in many developing and developed nations. A construction coating is special type of paint or varnish material used for coating in construction activities. The construction coatings are used in construction activities for decorating and protecting several surfaces. These specialized paints increase resistance of numerous surfaces while preventing rust formation caused by frequently changes in weather conditions by forming a protective layer, thus making the surface more durable. They also improve the esthetics of the construction. • Market Trends, Drivers, Restraints, and Opportunities: • Concerns regarding damage and corrosion caused by dampness of the surface due to frequent changes in the weather are driving the growth of the global market. • Volatility in the prices of raw materials and rising stringency of regulations for minimizing emissions of volatile organic compounds (VOCs) are majorly hindering the growth of the market. VOCs are chemical compounds present in the coatings and paints. • Untapped markets in developing countries are projected to create growth opportunities in the market. • Shifting focus toward the production of bio-based construction coatings is a key factor creating opportunities in the market.

3. Scope of the report: The report on construction coatings market includes an assessment of the market, size, share, trends, segments and regional markets. Overview and dynamics have been included in the report. Request for Free Sample: https://dataintelo.com/request-sample/?reportId=663

4. Construction Coatings Market Segment Insights: Growing demand for water-based coatings owing to its eco-friendly nature drives the segment growth Based on types, the construction coatings market has been segmented into water-based, solvent-based, and powder. The water-based segment accounted for a larger share in the market and is anticipated to be highly lucrative during the forecast period owing to its high usage in aviation, automotive, and many commercial sectors. Moreover, water-based construction coatings are more eco-friendly as compared to solvent-based and powder coatings, as they contain lesser VOCs. Increasing usage of construction coatings in various infrastructure applications fuels the growth of the segment In terms of applications, the market has been divided into residential, non-residential, and infrastructure. The infrastructure segment is estimated to generate significant revenue and is projected to grow at a considerable pace in the coming years owing to the rise in investments in infrastructure development in developing and developed economies. Construction coatings are applied on surfaces such as floors, walls, roofs, building panels, commercial windows, and curtain walls. The non-residential segment is also projected to be high lucrative owing to rising applications of construction coatings in the aviation and automotive sectors.

5. Asia Pacific to lead the global market due to increase in urbanization and industrialization in the region On the basis of regions, the global construction coatings market has been classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for a significant share of the global market. The market in the region is anticipated to expand at a substantial pace during the forecast period owing to the increase in industrialization and urbanization among several emerging countries in the region, which is resulting in huge investments in infrastructure development in industrial and commercial sectors. Competitive Landscape: Some of the key participants in the construction coatings market are BASF SE, Akzo Nobel N.V., DuPont de Nemours, Inc., Sherwin-Williams Co., PPG Industries, Inc., and Asian Paints. Key growth strategies adopted by these players include mergers & acquisitions collaborations, agreements, and partnerships. They also engage in product launches to strengthen their geographical presence and to garner large market share. In June 2017, Sherwin-Williams Co., a US-based Fortune 500 company operating in the general building materials industry, acquired Valspar Corp., a Minneapolis, US-based paints & coatings company, for over US$ 11 billion. The acquisition is expected to help Sherwin-Williams expanded its product range, and incorporate premier technology, and innovation platforms and expand its global footprint.

6. Segments Covered in the Report • The global construction coatings market has been segregated on the basis of types, applications, and regions. • By Types • Water-based • Solvent-based • Powder • By Applications • Residential • Non-Residential • Infrastructure • By Regions • North America • Europe • Asia Pacific • Latin America • Middle East & Africa • Discover More @ https://dataintelo.com/

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