Construction Paints and Coatings are paints and varnish materials such as powder and liquid. These materials are used in construction and buildings to decorate and protect various surfaces. Construction Paints and Coatings increase the resistance of the various surfaces and prevent the surface from rust and weathering. This protected layer results in raised aesthetics of the construction & buildings and makes the surface more durable. Construction Paints and Coatings have architectural applications such as commercial windows, building panels, curtain walls, etc. It is also used for powder coatings in aviation, and automotive sectors.
Construction Paints and Coatings market is driven by the factors such as increased activities in civil construction and due to high demand for efficient paints. These paints act as protective layers for buildings and prevent the building from corrosion, dampness and damages due to extreme weather conditions. However, the major limitation of the construction paints and coatings market is the stringent regulations of environmental protection due to which there are less number of approved chemicals present in the market. Rising practice of green buildings and products such as nano-coatings, green coating, etc., offers lot of opportunities for the growth of the market.
Construction Paints and Coatings Product Market Analysis
Construction Paints and Coatings product market is segmented into Solvent-borne technologies, water-borne coating, power coating, high solids/ radiation cure and others (Specialty Coatings). Water-borne coating segment is the largest revenue generating segment due to high demand for water borne coating in the commercial, residential, aviation & automotive sectors. Demand for water-borne coating accounts for nearly two-third of the global construction paints and coatings market.
Construction Paints and Coatings Application Market Analysis
Construction Paints and Coatings application market is segment into residential, commercial, medical & healthcare, automotives & aviation and others (Special Products, other industries, etc). Automotives & aviation segment is the largest revenue generating segment due to high demand for efficient operations in maintenance such as paint hangers, de-icing facilities, MRO (maintenance, repair and overhaul) heavy and line maintenance facilities, etc.
Construction Paints and Coatings geography market analysis
Construction Paints and Coatings geography market is segmented into North America, Europe, Asia Pacific and RoW. Asia Pacific is the dominating segment of this market due to rising growth in aviations & automotive industry.
The key strategies adopted by the companies to expand in the construction paints and coatings market are product launch, mergers & acquisitions and agreements & collaborations. These strategies would help in gaining competitive advantages and expansion of the market. The companies profiled in this report are BASF SE, Axalta Coatings System, Sherwin-Williams Company, PPG Industries, AkzoNobel N.V.
High Level Analysis
The report analyzes various macro environments of the construction paints and coatings market using porter’s analysis. According to porter’s analysis, the bargaining power of the supplier is high due to high cost of switching. The bargaining power of buyer is low due to the specialized products of construction paints and coatings market and threat of substitute is low due to unavailability of alternate products.
Key Market Segment
Construction Paints and Coatings market is segmented based on product, applications and geographies.
Market by Products
Market by Applications
Market by Geography