Allied Market Research

2024

Construction Repaint Market

Construction Repaint Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Formulation Type and, by End use industry : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Paints, Coatings and Additives

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Author's: | Eswara Prasad
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Paints used to repaint buildings or similar structures are known as construction repaints. Residential, commercial, and industrial paintings are all common uses for construction repaints. Varnishes, emulsions, and enamels can all benefit from construction repaints. Maintenance, repair, remodeling, and renovation are all common uses for construction repaints. Waterborne and solvent-borne solutions are commonly available for construction repaints. The demand for building repaints has increased as remodeling, remodeling, and repair activities have increased, particularly in developing countries. The construction repaint industry is expected to experience growth as new companies enter the market. 

COVID-19 Impact analysis

  • The COVID-19 outbreak has had a detrimental impact on the construction repaint industry, with many nations instituting lockdowns and trade bans, disrupting supply chains and cellphone tower construction operations.
  • The emergence of COVID-19 resulted in a decline in demand for construction paints in many enterprises, thereby halting its use at the moment. The construction repaint industry has been severely impacted by the global economic slump and the cessation of international air travel.

Top Impacting Factors

The demand for construction repaints has increased as remodeling, renovation, and repair activities have increased, particularly in developing countries. The construction repaint industry will is anticipated to experience growth as new companies enter the market, as well as more cooperation. Paint damage caused by ageing buildings will have a direct and beneficial impact on the need for construction repaints. The construction repaint market's growth pace will be bolstered once more by rising research and development capabilities to provide novel and eco-friendly products. The market growth rate has also been bolstered by increased private and government investments in this direction. Indirect market growth will be influenced by rising personal disposable income. The rate of growth of the construction repaint market will, however, be hampered by changes or instability in the prices of crude raw materials. The market's growth will be limited by the expanding popularity of glass buildings, as well as increased westernization and changing lifestyles. Durable paints with longer shelf lives have been introduced as a result of rapid innovation. As a result, the construction repaint market's expansion will be limited.

Market Trends

  • For orange-peel and knockdown restoration operations, HOMAX has released two new water-based aerosol ceiling textures. This innovative product aids in the reduction of ceiling restoration time. It would also provide the organisation a competitive edge over its competitors.
  • Nippon Paint Holdings Co., Ltd. has launched a brand site for “PROTECTON,” an antiviral and antibacterial paint technology brand. 
  • The “PROTECTON” brand site provides content for communicating the importance of making provisions with paint technology that has antiviral and antibacterial functionality, as well as the underlying technological capabilities and great growth potential of the NPHD Group, in order to protect people's health and create a safe and pleasant future under the New Normal of living with viruses.
  • Akzo Nobel N.V. is a Dutch paint company has completed the acquisition of Industrias Titan S.A.U. (Titan Paints) in its entirety, expanding its paints business and footprint in Spain to become one of the region's market leaders.

Key Benefits of the Report

  • This study presents the analytical depiction of the construction repaint industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Construction repaint market share.
  • The current market is quantitatively analyzed to highlight the construction repaint market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed Construction repaint market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the construction repaint Report

  • Who are the leading market players active in the construction repaint market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?

Construction Repaint Market Report Highlights

Aspects Details
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By Type
  • Acrylic, Alkyd
  • Epoxy
  • Polyurethane
  • Polyester
  • Others
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By Formulation Type
  • Waterborne Paints
  • Solvent-Borne Paints
  • Others
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By End use industry
  • Construction
  • Automation
  • Healthcare
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

Jotun A/S, Axalta Coatings Systems, Dsm Coating Resins, Asian Paints Ltd, AkzoNobel N.V., Covestro, Kansai Paint Co. Ltd., Nuplex, Dic, RPM International Inc., Basf, Dow, Lyondellbasell, PPG Industries Inc., Eastman Chemical, Arkema, Nippon Paint Holdings Co. Ltd., Solvay., The Sherwin-Williams Company, The Valspar Corporation

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Construction Repaint Market

Global Opportunity Analysis and Industry Forecast, 2023-2032