Infinium Global Research’s recent report on the “Global Construction Paints and Coatings Market ((By Product (Power Coating, Solvent-borne Technologies, High Solids/Radiation Cure, Water-borne Coating, and Others) By Application (Building & Construction, Packaging, Healthcare, Automotive & Aviation, Commercial, and Others)) Global Industry Analysis, Trends, Market Size & Forecasts to 2028” provides a comprehensive outline of the factors responsible for the growth of the market. The Global Construction Paints and Coatings Market was valued at around USD 50 Billion in 2022 and is expected to reach more than USD 65 Billion in 2028, with a CAGR of 4% during the forecast period.

To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/reports/sample-request/13275

"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2022-2028."

The Section on the Impact of COVID-19 on this Market is Included in the Report for Free

Increasing Consumer Disposable Income is also Expected to Drive Investments in Residential Establishments

Increasing infrastructure spending has been central to the economic development of major economies such as India, China, Indonesia, Brazil, and the UAE. Increasing consumer disposable income is also expected to drive investments in residential establishments. Increasing consumer awareness about architectural paintings is expected to drive the non-toxic paints and coatings demand in residential and commercial applications. Surging high-quality color paint demand coupled with increasing residential infrastructure development, particularly in BRICS economies is expected to positively affect the industry expansion. Revised economic policies for increasing the lifespan of already-established buildings are also expected to steer the product demand over the forecast period.

The outbreak of covid-19 had negative effects on the Construction Paints and Coatings Market during the forecast period. The covid-19 pandemic mostly affected the supply and transport of the chemical required to manufacture the coating and paints. The trade restrictions majorly affected the manufacturing of the chemical industry during the covid-19 pandemic. Moreover, decreased investment for developing new products and global expansion of the companies restrained the growth during the forecast period.

The Water-borne Coating Segment is Expected to Dominate the Market

The Global Construction Paints and Coatings Market is bifurcated By Product and Application. By Product, the segment is further bifurcated into Power Coating, Solvent-borne Technologies, High Solids/Radiation Cure, Water-borne Coating, and Others. The growing utilization of waterborne coating is projected to propel the market growth of construction paints and coatings during the forecast period. Increasing environmental awareness together with the enactment of the new regulations has increased the demand for waterborne coating. These types of paints and coatings contain less amount of VOCs and therefore offer high environmental benefits over conventional coatings and paints. Due to these reasons, the expansion of the segment is expected to be propelled during the forecast period.

Enquire Here Get Customization & Check Discount for Report @ https://www.infiniumglobalresearch.com/reports/customization/13275

The Asia Pacific Region is to be Expected the Fastest-growing Region in Global Construction Paints and Coatings Market

The Global Construction Paints and Coatings Market is segmented into the Asia Pacific, North America, Europe, the Middle East & Africa, and South America. Furthermore, the Asia Pacific region is anticipated to grow at the fastest rate in the Construction Paints and Coatings Market due to increasing demand by the construction industry in the North American region. The rising investments in the construction sector and infrastructure development are primary drivers for the growth of the market in the Asia Pacific. Countries such as India, Japan, and China are emerging as major revenue contributors in the region due to innovations in infrastructural and construction activities. The mixed-use developments in the smart building are also anticipated to propel the market growth in the region in the forecast period.

Key Players Focus to Increase the Production Capacity by Collaborating with other Companies

The Global Construction Paints and Coatings Market is intensely competitive with several multinational and local players. The major players are BASF SE, Asian Paints, RPM International Inc., Axalta Coatings System, Helios Group, Tikkurila Oyj, DuPont Performance Coatings, PPG Industries, Sherwin-Williams Company, AkzoNobel N.V., and several others are constantly focusing on developing products to gain a competitive edge in the market. The companies are applying various market strategies to sustain in the market such as acquisitions, and new product launches during the forecast period. For instance, in January 2022, PPG announced an investment of more than USD 10 million to boost the production of original automobile equipment manufacturer (OEM) coatings at its Weingarten, Germany facility.

In August 2021, Sika sold its European industrial coatings business located in Germany to the Sherwin-Williams Company, a global leader in paints and coatings based in the U.S. Infinium Global Research’s recent report on the Global Construction Paints and Coatings Market is an encompassment of such recent developments in the marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the Global Construction Paints and Coatings Market and also estimates the impact of recent developments in the market.

Place a Purchase Order to Buy a Complete Copy of this Report Enquire Here: https://www.infiniumglobalresearch.com/reports/enquiry/13275

Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the construction paints and coatings.

=> Complete coverage of all the product types and applications segments to analyze the trends, developments, and forecast of market size up to 2028.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand and/or diversify.