Published by Coherent Market Insights
Posted on September 20, 2021
The global construction paints and coating market is estimated to account for US$ 76,089.2 Mn in terms of value and 26,821.6 Kilo Tons in terms of volume by the end of 2019.
The growing development of bio-based coatings for the construction industry is expected to bring new market opportunities over the forecast period. For instance, in March 2017, PPG launched a new bio-based wall paint for the professional and consumer market: Sigma Air Pure, Sigma Air Pure is a bio-based wall paint with an air purification effect. It enhances the indoor air climate of homes, offices, and schools by reducing up to 70 percent of the harmful formaldehyde from the indoor air.
Request a sample copy of the report:
https://www.coherentmarketinsights.com/insight/request-sample/4094
Key companies covered as a part of this study PPG Industries, Inc., Sherwin-Williams Company, RPM International Inc., The Valspar Corporation, Helios Group, Dow Coating, Asian Paints, Deutsche Amphibolin- Werke Von Robert Murjahan Stiftung & Company, Axalta Coating Systems, Berger Paints India Limited and Tikkurila Oyj
Global Construction Paints and Coatings Market – Impact of Coronavirus (Covid-19) Pandemic
COVID-19 pandemic has highly impacted the construction engineering industry, resulting in a 9% decline in the revenues, estimated for year 2020, according to Coherent Market Insights (CMI). The construction engineering industry is expected to be valued around US$ 12,380.0 billion in 2020 from 13,600.0 billion in 2019. Countries such as the U.S., China, India, and UK which are major markets for construction industry, were locked down as a measure to combat the pandemic which halted all the ongoing construction projects. Amidst challenging environment in the construction industry owing to regulatory restraints under the Environment Laws and Real Estate Act, 2016, COVID-19 has added fuel, further hampering the market growth.
Market Trends/Key Takeaways
Decorative paints are gaining popularity in enhancing the aesthetic of the walls or surface. Increasing consumer spending on home decor products due to growing disposable income along with the improving living of standard is boosting demand for decorative paint. Shifting preferences of consumers towards trendy and stylish wall painting is further augmenting the market growth of the construction paints &coatings over the forecast period.
Shifting inclination of the manufacturer towards advertising and marketing their product in the market is a key trend. For instance, in February 2019, PPG announced that it has entered into a multiyear corporate marketing agreement with the current Oakland Raiders. The agreement has made PPG paint brands the Official Paint of the Raiders. Increasing such initiatives by key players as a business strategy will favor the market growth of the construction paints &coatings.
Buy This Complete A Business Report With Flat US $2000 Off @
https://www.coherentmarketinsights.com/promo/buynow/4094
Few Recent Developments
Other Related Report:
Paints & Coatings Market, By Product Type (High solids/radiation cure, Powder coating, Waterborne coatings, Solvent-borne coatings, Others), By Application (Automotive & Aviation, Medical & healthcare, Residential, Commercial, Others), and By Region (North America, Europe, Asia-pacific, Rest of the World) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027
https://www.coherentmarketinsights.com/market-insight/paints-and-coatings-market-328
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Construction Paints And Coating Market To Reach Around US$ 1,19,451.1 Million By 2027- CMI appeared first on Gatorledger.
The global construction paints and coating market is estimated to account for US$ 76,089.2 Mn in terms of value and 26,821.6 Kilo Tons in terms of volume by the end of 2019.
The growing development of bio-based coatings for the construction industry is expected to bring new market opportunities over the forecast period. For instance, in March 2017, PPG launched a new bio-based wall paint for the professional and consumer market: Sigma Air Pure, Sigma Air Pure is a bio-based wall paint with an air purification effect. It enhances the indoor air climate of homes, offices, and schools by reducing up to 70 percent of the harmful formaldehyde from the indoor air.
Request a sample copy of the report:
https://www.coherentmarketinsights.com/insight/request-sample/4094
Key companies covered as a part of this study PPG Industries, Inc., Sherwin-Williams Company, RPM International Inc., The Valspar Corporation, Helios Group, Dow Coating, Asian Paints, Deutsche Amphibolin- Werke Von Robert Murjahan Stiftung & Company, Axalta Coating Systems, Berger Paints India Limited and Tikkurila Oyj
Global Construction Paints and Coatings Market – Impact of Coronavirus (Covid-19) Pandemic
COVID-19 pandemic has highly impacted the construction engineering industry, resulting in a 9% decline in the revenues, estimated for year 2020, according to Coherent Market Insights (CMI). The construction engineering industry is expected to be valued around US$ 12,380.0 billion in 2020 from 13,600.0 billion in 2019. Countries such as the U.S., China, India, and UK which are major markets for construction industry, were locked down as a measure to combat the pandemic which halted all the ongoing construction projects. Amidst challenging environment in the construction industry owing to regulatory restraints under the Environment Laws and Real Estate Act, 2016, COVID-19 has added fuel, further hampering the market growth.
Market Trends/Key Takeaways
Decorative paints are gaining popularity in enhancing the aesthetic of the walls or surface. Increasing consumer spending on home decor products due to growing disposable income along with the improving living of standard is boosting demand for decorative paint. Shifting preferences of consumers towards trendy and stylish wall painting is further augmenting the market growth of the construction paints &coatings over the forecast period.
Shifting inclination of the manufacturer towards advertising and marketing their product in the market is a key trend. For instance, in February 2019, PPG announced that it has entered into a multiyear corporate marketing agreement with the current Oakland Raiders. The agreement has made PPG paint brands the Official Paint of the Raiders. Increasing such initiatives by key players as a business strategy will favor the market growth of the construction paints &coatings.
Buy This Complete A Business Report With Flat US $2000 Off @
https://www.coherentmarketinsights.com/promo/buynow/4094
Few Recent Developments
Other Related Report:
Paints & Coatings Market, By Product Type (High solids/radiation cure, Powder coating, Waterborne coatings, Solvent-borne coatings, Others), By Application (Automotive & Aviation, Medical & healthcare, Residential, Commercial, Others), and By Region (North America, Europe, Asia-pacific, Rest of the World) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027
https://www.coherentmarketinsights.com/market-insight/paints-and-coatings-market-328
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Construction Paints And Coating Market To Reach Around US$ 1,19,451.1 Million By 2027- CMI appeared first on Gatorledger.
Explore more articles in the Research Reports category
