Construction Paints and Coatings Market 2017
Albany, New York (PRWEB) September 07, 2014
Construction paints and coatings, also called as building paints or decorative paints and coatings, used on interior and exterior walls or all kinds of industrial, institutional, commercial and residential buildings. Apart from their use to enhance the face-value of an architectural structure, paints and coatings also have some protective features that evidently help in protecting architectural structures, especially their exteriors, from natural extremes of rains, wind and sun.
Paints and coatings are either professionally applied by contractors or by the end-user customers. The Do-it-yourself (DIY) market of paints where the end users apply construction paints by their own is also an essential segment of the global construction paints and coatings market. The demand for DIY paints is especially high across regions such as Latin America, Middle East and the Asia-Pacific.
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Although there is a scope for this market in every type of architectural construction, the performance of this market is largely dependent on the construction on new commercial as well as residential complexes. This is because paints and coating are almost never regularly applied in most parts of the world. Still, the rate of use of paints and coatings on a regular basis is greater in developed countries as compared to that in developing countries. As such, the importance of paints and coatings is quite less even in new construction activities in developing nations.
Nevertheless, it was this segment of developing nations that has played a major role in the growth of the global construction paints and coatings industry in the past some years. The major reasons behind this are rapid urbanization, rise in population, increase in per-capita and disposable income and the rise in nuclear families, which all contribute to a single activity – rise in the demand for new residential construction sites.
Title: Construction Paints and Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019
Published: 5 March 2014
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A majority of popular products in the global paints and coatings market fall in the categories: water borne coatings, solvent based coatings, powder coatings, high solids or radiation cured coatings and specialty coatings. The leading manufacturers are Dow Corning, PPG industries, the Sherwin-Williams Company, Asian Paints and the Valspar Corporation among others.
In contrast with the overall industry of paints and coatings where solvent based products are on high demand, water-borne paints and coatings are in more demand in the field of construction. This is evident from the fact that around 60% market of construction paints and coats was engrossed by water-borne paints and coatings.
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The same category is expected to gain the similar or even an added market share in the coming future as the demand for environment-friendly substances is continuously rising and strict regulations for the use of low or zero-volatile organic compounds emitting paints and coats are being increasingly established by various countries.
The regions of Asia-Pacific are rapidly growing their production capabilities and an evident shift in the production market of this industry is soon anticipated. This region, especially China, has emerged as the most proffered production locations over the past few years. The Chinese market accounted near to 27% of the total production of construction paints and coatings in the global market. The share of Asia-Pacific region in terms of production is anticipated to grow even more in the coming years, whereas, the European and North American shares of the production market are anticipated to decline in the coming years.
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