Construction Paints and Coatings Market: Snapshot
There is an increasing demand for construction paints and coatings owing to the rising activities of construction globally. Paints and coatings enhance the chemical resistance, durability, and visual appearance of structures. Hence, they form an important part in all activities of construction. The industry of construction has experienced a rise owing to the growing spending on infrastructure by numerous nations. In addition, the growing demand for water-borne solvents will further stimulate the demand for construction paints and coatings in architectural and others. The top opportunity seen in the market is the introduction of green coatings, which will increase the demand for construction paints and coatings by leaps and bounds.
Some of the commercial applications of construction paints and coatings are architectural coatings and others including purpose coatings, etc. A number of countries in Latin America and Asia Pacific are being involved in numerous infrastructure projects, which are further predicted to raise the demand for construction paints and coatings. The global paints and coatings market in architectural and others stood at US$51,620.2 mn in 2012 and is predicted to touch US$76,089.2 mn by 2019, on the basis of revenue. It is poised to rise at a 5.80% CAGR between 2013 and 2019.
Capacity Expansion of Top Manufacturers will Mushroom Growth of Asia Pacific Construction Paints and Coatings
Geographically, the report segments the global construction paints and coatings market into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, in 2012, Europe and Asia Pacific emerged as top markets for construction paints and coatings. Amongst these, the Asia Pacific construction paints and coatings market constituted a share of approximately 69% in the market in terms of consumption in 2012. This is due to the fact that a number of prominent manufacturers of paints and coatings are concentrating on capacity expansion within the region of Asia Pacific in order to raise their production capacities. In addition, the evolving economy of Asia Pacific will also raise the demand for residential and housing projects globally. Hence, this rise in the industry of construction is predicted to further provide impetus to the construction paints and coatings’ demand in the coming years.
Increased Popularity of Water borne Paints and Coatings owing to Growing Applications for Decorative Purposes.
In terms of product, this report by TMR segments the market into powder coatings, high solid/radiation cured, solvent borne coatings, water borne coatings, and others including specialty coatings, etc. Of these, the segment of water borne paints and coatings has emerged as the market leader in terms of both revenue and volume. In 2012, this segment represented a share of more than 31.01% in terms of volume consumed.
Water borne paints and coatings are the key product types utilized in architectural applications for decorative purposes. This segment is also predicted to experience a robust development in the coming years owing to low VOC content within these products which help in complying them with numerous environmental regulations. On the other hand, solvent borne paints and coatings trailed the segment of water borne paints and coatings and took the second position in the market in the same year. This segment was further trailed by powder coatings, high solids/radiation cured coatings, and others.
The key players operating in the global construction paints and coatings market are inclined toward capacity expansion for increasing their respective facilities’ production capacities. The top players dominant in the market are The Sherwin-Williams Company, PPG Industries, The Valspar Corporation, Asian Paints, and Dow Corning, among others.
The demand for construction paints and coatings is mainly prompted by growing infrastructure activities globally and the growing demand for water borne paints and coatings. Asia Pacific dominates the global market for construction paints and coatings.Thisreport by Transparency Market Research analyses, estimates and forecasts the construction paints and coatings demand on a global and regional level for asix year period from 2013 to 2019, both in terms of volume and revenue. The study also provides information on restraints, drivers and opportunities along with the impact on the overall market for the forecast period. The report segments the market based on application and region and offers estimates and forecast of the construction paints and coatings market for each segment.
The study analyses the product value chain beginning with feed stock material up to end-use. In addition it also evaluates the market based on Porter’s five forces model thatanalyses the degree of competition in the market by considering factors such as the bargaining power of buyersand suppliers, threat from substitute productsand new entrants. The report includes a detailed competitive landscape of the construction paints and coatings market including company market share analysis and the profile of key market participants.
Inflation is not a part of pricing in this report. Prices of construction paints and coatings vary in each region. Given that different end users use different types of products, pricing for each application varies according to region while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down this market by end application in each region. The market size of the global construction paints and coatings market has been presented in terms of both volume as well as revenue. Market volumes are given in kilo tons and market revenue is in USD million. The market numbers are given on the basis of product type and application in the context of the global as well as regional market. Market size and forecast for each major application is also provided in the context of the global as well as regional market. The numbers provided in this report are derived on the basis of demand for construction paints and coatings from various end user industries in different regions. The numbers provided in this report have been derived on the basis of demand for construction paints and coatings from various end user industries in different regions. All the prices have been considered as FOB prices. All market revenue has been calculated on the basis of sales and consumption trends
The report provides a decisive view on the construction paints and coatings market by segmenting the market based on product types and applications. Product segments analyzed in this report include High solids/radiation cured, Powder coatings, water-borne coatings, solvent borne coatings and others (specialty coatings). Based on applications, construction paints and coatings are segmented into architectural paints and others (special purpose coatings, etc.). All application segments have been analyzed based on present and future trends and the market is estimated from 2013 to 2019.
The construction paints and coatings market is segmented based on geography into North America, Europe, Asia Pacific, Latin America and Rest of the World. The demand of each application type of construction paints and coatingsin terms of both revenue and consumption for each of these regions is forecasted in this report for the period 2013 to 2019.
Some of the leading manufacturers profiled in this report include The Sherwin-Williams Company, PPG Industries, The Valspar Corporation, Dow Corning and Asian Paintsamong others.These companies are profiled in detail covering features such as company overview, financial overview, business strategies, SWOT analysis, and recent developments.
Radiation Cured Product Market – Application Segment Analysis
Radiation Cured Product Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World (RoW)