USD 50 Billion
Report ID:
SQMIG25A2232 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
93
|Figures:
76
Construction Repaint Market size was valued at USD 55.05 Billion in 2023 and is poised to grow from USD 60.61 Billion in 2024 to USD 130.88 Billion by 2032, growing at a CAGR of 10.1% during the forecast period (2025-2032).
The global construction repaint market operates inside a dynamic framework motivated by using different factors which includes monetary situations, infrastructure development, and technological advancements. Market dynamics consist of urbanization, protection tasks, and the demand for sustainable production solutions. As urban populations continue to grow, there is an increasing need for infrastructure improvement and preservation, driving the call for construction repaint products. Additionally, upkeep and remodeling activities in each residential and industrial sectors contribute to marketplace boom as property proprietors are seeking to refresh and enhance the arrival in their homes. Moreover, the global construction repaint market is impacted by environmental issues and regulations, leading to a developing choice for green and coffee VOC (unstable organic compound) paints. Technological advancements in paint formulations, utility techniques, and coloration matching systems similarly impact market dynamics, offering improved durability, ease of software, and aesthetic alternatives.
Global Market Size
USD 50 Billion
Largest Segment
Epoxy
Fastest Growth
Acrylic
Growth Rate
10.1% CAGR
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Based on resin type, the construction repaint market is segmented into acrylic, alkyd, epoxy, polyurethane, polyester and others. Based on formulation, the construction repaint market is segmented into solvent borne, waterborne and others. Based on application, the construction repaint market is segmented into residential, commercial, industrial and others. Based on Region the market is segmented as Europe, North America, Asia Pacific, and the Rest of the World.
Analysis by Formulation
Waterborne paint is the dominating segment in the market. The waterborne paint segment accounted for the largest share of the global construction repaint market by 2022. It was driven by regulations by regulatory bodies such as the Environmental Protection Agency and National Standard GB 18582-2008, on emissions of volatile organic compounds (VOCs). Block paints generally contain high levels of volatile organic compounds (VOCs). Paint in solvent is washed from brushes with white spirit or solvent-borne brush cleaners, which neutralizes the use of VOCs and is difficult to remove due to corrosiveness water-based paints are used. Thus, the increasing demand for waves applied to waterproofing will enhance the reconstruction of the treatment.
Solvent borne is the fastest growing segment in the market. The solvent borne segment of the global construction repaint market consists of coatings using organic solvents as carriers. These coatings offer advantages such as fast drying time, excellent adhesion, and compatibility with a wide range of coatings. Coatings with insulation are preferred because of their ease of application, flexibility, and good penetration of porous surfaces. The global construction repaint market typically uses solvent-borne coatings for exterior surfaces, metal structures, and wood substrates where fast drying and good adhesion are important. Despite regulations and increased concerns over volatile organic compounds (VOCs), solvent- borne coatings due to the performance characteristics and expertise of operators and users remain popular in some applications.
Analysis by Resin Type
Epoxy is the dominant segment in the market as per classification by resin type. Epoxy-based coatings are known for their exceptional durability, chemical resistance and adhesion properties, making them ideal for demanding applications in the global construction repaint market. Epoxy coatings offer excellent protection from abrasion, corrosion and chemical exposure, making them suitable for high-vehicle areas, industrial areas and infrastructure projects. Epoxy coatings are commonly used on floors and walls. In addition to structural components requiring strong protection and long-term performance, epoxy coatings offer versatility in color options, finishes and application methods, allowing customization to meet a variety of aesthetic and functional requirements. especially in long-term applications and performance is very important.
Acrylic resin is the fastest growing segment in the market. Acrylic resin held the largest share in the global construction repaint market by 2022. Acrylic paint is liquid, used in emulsions, enamels, powders and lacquers. Acrylic paint is easy to clean, durable, UV resistance, and low in volatile organic compounds (VOCs). content, inexpensive, compared to other resins and VOC-free, epoxy resins are less sensitive and water-repellent than acrylics, and are less susceptible to sunlight (UV) damage. Polyester resin is also not as clear and hard as acrylic, it is yellow on deposit, highly toxic and has unbearable smell, which makes acrylic resin the most preferred resin in global construction paint market. Thus, increasing demand for acrylic resin segment will boost global construction repaint market demand during the forecast period.
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North America is the dominating region in the market. North America is foreseen to witness considerable increase due to expanding commercial area because of developing investments inside the creation of liquefied herbal fuel terminals in the Gulf Coast area, as well as growth in new power plants. Industrialization and urbanization in countries, which includes the U.S. And Canada, are developing call for sun control repaint in industries which include construction and homes and in the business region. In addition to this, the rising attention on mitigating UV and infrared emissions, carbon footprints, and growing protection in phrases of robbery and robbery are the important thing elements riding the marketplace growth in this locale.
Asia-Pacific in the global construction repaint market is anticipated to grow fastest from 2024 to 2031. This is due to rising technological improvements and growing private disposable income. Moreover, China’s construction repaint market held the biggest marketplace percentage, and the Indian construction repaint market became the largest-developing market within the Asia-Pacific location.
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Drivers
Technological Advancements such as Smart Coatings and Digital Tools to Accelerate Market Growth
Increasing Urbanization Rate Coupled with Rise in Maintenance Projects
Restraints
Resistance to New Technologies and the Adoption of Sustainable Practices to Reduce Market Dynamics
Regulatory Compliances
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Construction repaint market competitive landscape provides detailed information by competitors. Detailed information includes company overview, company financials, earnings, market potential, investment in research and development, new market strategy, global presence, manufacturing regions and locations of production, manufacturing capacity, company strengths and weaknesses, product launches, product expansion and expansion, application authority. Key players mentioned in the construction repaint market report are PPG Industries, Inc., Akzo Nobel N.V., The Sherwin-Williams Company, RPM International Inc., Axalta Coating Systems, Valspar, Nippon Paint Holdings Co., Ltd.; Asian Paints, Jotun, Kansai Paint Co., Ltd, Higgins Coatings, Nelson Construction LLC, painting & interior construction.
Top Player’s Company Profiles
Recent Developments
"Advanced paint formulations incorporating nanotechnology to accelerate market growth"
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global construction repaint market includes paints and coatings used to repair and enhance the appearance of buildings and structures. Key factors such as infrastructure development, maintenance services and technological advancements continue to expand the market for construction repaint products induce, while trends such as environmentally friendly paint requirements, new applications etc. shape industry dynamics. North America, Europe, Asia Pacific, and other regions play a major role in the market so, with paint manufacturers and suppliers leading to cater to various customer needs and statutory requirements. Overall, global construction repaints market manufacturers, distributors, and offers lucrative opportunities for stakeholders, driven by the ongoing need for beauty, maintenance and sustainability in the construction industry.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 55.05 Billion |
Market size value in 2032 | USD 130.88 Billion |
Growth Rate | 10.1% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Construction Repaint Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Construction Repaint Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Construction Repaint Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Construction Repaint Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG25A2232
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