Lucintel Forecasts Construction Repaint Market to Grow at a CAGR of 6%-8%

According to the recent study the construction repaint market is projected to grow at a CAGR of 6%-8% from 2020 to 2025. Growth in this market is primarily driven by growing innovations in construction industry and increasing remolding and renovation work in residential, commercial, & institutional constructions.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in construction repaint market by type (acrylic, alkyd, epoxy, polyurethane, and polyester), formulation (solvent borne and waterborne), application (residential and non-residential),  and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Waterborne market is expected to remain the largest segment during the forecast period.”   

Based on formulation, the construction repaint market is segmented into solvent borne and waterborne. Lucintel forecasts that the waterborne market is expected to remain the largest segment as regulations on the harmful emission by regulatory bodies such as, Environmental Protection Agency (USA), Registration, Evaluation, Authorization and Restriction of Chemicals (Europe), and National Standard GB 18582-2008 (China) promote low-carbon emission paints.   

“Within the construction repaint market, the non-residential segment is expected to remain the largest application.”    

Based on application, the non-residential segment is expected to witness the largest source segment during the forecast period due to increasing investments in the non-residential construction sector such as infrastructure, buildings, city development, urbanization, and maintenance & repair works.

“Asia Pacific will dominate the construction repaint market in near future.”

Asia Pacific is expected to be the largest region and it is also expected to witness the highest growth over the forecast period due to growth in the building & construction industry in this region.

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Major players of construction repaint market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Arkema, Solva, Nuplex Industries, BASF, Covestro, DIC, DSM Coating Resins, Momentive Performance Materials, Huntsman,The Dow Chemical, LyondellBasell Industries, and Eastman Chemical are among the major construction repaint providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/construction-repaint-market.aspx or helpdesk@lucintel.com.

About Lucintel

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Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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