The Construction Paints And Coatings Global Market Report 2023, provides comprehensive information on the construction paints and coatings market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Construction Paints And Coatings Global Market Report 2023, the market size is expected to grow from $54.87 billion in 2022 to $57.56 billion in 2023 at a compound annual growth rate (CAGR) of 4.90%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global construction paints and coatings market size is expected to reach $70.82 billion in 2027 at a CAGR of 5.32%.
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Technological advancements are a key trend gaining popularity in the construction paints and coatings market. Companies operating in the construction paints and coatings market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Dow, a US-based plastics and chemical manufacturing company launched a new digital paint formulation platform. The digital coating formulation platform uses new digital tools to develop cutting-edge skills that will push the boundaries of innovation and deliver lasting value to markets and consumers. This technology delivers data-driven capabilities intended to speed up innovation in the paints and coatings sector and simplify the formulation process.
The construction paints and coatings market is segmented:
1) By Product Type: Solvent-Borne Technologies, Water-Borne Coating, Power Coating, High Solids/ Radiation Cure, Other Product Types
2) By Resin Type: Polyurethane, Acrylic, Epoxy, Polyester, Alkyd
3) By Application: Residential, Commercial, Automotive And Aviation, Medical And Healthcare
North America was the largest region in the construction paints and coatings market in 2022.
The table of contents in TBRC’s construction paints and coatings market report includes:
1. Executive Summary
2. Construction Paints And Coatings Market Characteristics
3. Construction Paints And Coatings Market Trends And Strategies
4. Construction Paints And Coatings Market – Macro Economic Scenario
5. Construction Paints And Coatings Market Size And Growth
…………………….
26. Africa Construction Paints And Coatings Market
27. Construction Paints And Coatings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Construction Paints And Coatings Market
29. Construction Paints And Coatings Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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