USD 50 Billion
Global Construction Repaint Market Size, Share, Growth Analysis, By Resin Type(Acrylic, Alkyd), By Formulation(Solvent Borne, Waterborne), By Application(Residential, Commercial) - Industry Forecast 2024-2031
Report ID:
SQMIG25A2232 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
93 |
Figures:
76
Global Construction Repaint Market Insights
Global Construction Repaint Market size was valued at USD 50 Billion in 2022 and is poised to grow from USD 55.05 Billion in 2023 to USD 118.87 Billion by 2031, growing at a CAGR of 10.1% in the forecast period (2024-2031).
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.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Epoxy
Fastest Growth
Acrylic
Growth Rate
10.1% CAGR
Global Construction Repaint Market ($ Bn)
Country Share for North America Region (%)
Global Construction Repaint Market By Resin Type ($ Bn)
Global Construction Repaint Market By Resin Type (%)
To get more reports on the above market click here to Buy The Report
Global Construction Repaint Market Segmental Analysis
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.
Global Construction Repaint Market By Resin Type (%), 2022 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Construction Repaint Market Regional Insights
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.
Global Construction Repaint Market By Geography, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Construction Repaint Market Dynamics
Drivers
Technological Advancements such as Smart Coatings and Digital Tools to Accelerate Market Growth
- The driving force behind architectural redesign includes the pursuit of advanced aesthetics, driven by changing texture and color preferences. The emphasis on sustainable and environmentally friendly solutions coincides with increased environmental awareness, which affects choices. Technological advances such as smart coatings and digital tools improve productivity and project management. In addition, the need for durable weather-resistant materials in both residential and commercial applications drive demand for new paint products and is supported by economic factors including maintenance characteristics and real estate market growth enhance the collaboration. Together, these multifaceted drivers are driving the innovation and adaptability of the recycling construction industry. All the factors mentioned above contribute to the market share of repaint manufacturing.
Increasing Urbanization Rate Coupled with Rise in Maintenance Projects
- The resilience of the manufacturing repaint market is driven by increased regulation promoting sustainable practices, which influences the shift towards low VOC and environmentally friendly paint options. Technological advancements, such as robotic controls and augmented reality, improve efficiency and accuracy in wall decoration and color selection.
Restraints
Resistance to New Technologies and the Adoption of Sustainable Practices to Reduce Market Dynamics
- Building redesigns face limitations due to economic uncertainty that affects project budgets, causing repairs to be delayed or curtailed. Supply chain disruptions, exacerbated by global events, affect availability and can delay projects. Regulatory compliance can be challenging, and evolving standards require formulation changes. Lack of skilled labor and high labor costs can impede timely completion of the project.
Regulatory Compliances
- Strict environmental regulations on volatile organic compounds (VOCs) and hazardous substances cut off manufacturers and processors who manufacture and reuse paint the role is not challenged. Compliance requires reformulation of paints and coatings to reduce VOC emissions, increasing production costs can limit products and, in some cases, functional functionality.
Request Free Customization of this report to help us to meet your business objectives.
Global Construction Repaint Market Competitive Landscape
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
- Arkema (France)
- Solvay (Belgium)
- Nuplex (New Zealand)
- BASF (Germany)
- Covestro (Germany)
- DIC (Japan)
- DSM Coating Resins (Netherlands)
- Momentive Performance Materials (U.S.)
- Huntsman (U.S.)
- BASF (Germany)
- AkzoNobel N.V.
- The Sherwin-Williams Company
- Asian Paints Ltd.
- The Valspar Corporation
- Royal DSM
- PPG Industries Inc.
- RPM International Inc.
- Nippon Paint Holdings Co. Ltd.
- Axalta Coatings Systems
- Jotun A/S
Recent Developments
- In November 2021, AkzoNobel announced a new line of paints and coatings powered by advanced technology. This initiative is driven by a partnership with KPMG and is expected to open several opportunities for market growth.
- Royal DSM introduces its waterproof coating resin NeoCryl XK-117 to the construction and heavy machinery market as a solvent-free, low volatile organic compound (VOC), odorless non-solvent-borne coating technology in July 2021.
- Jan 2021: Nippon Paint is launching some new products. The company is launching an anti-viral product. Supplies for Nippon Virus Defender are expected to be high. The company will pursue further mergers and acquisitions with the launch of this new product. This new development will increase the revenue of the market.
Global Construction Repaint Key Market Trends
"Advanced paint formulations incorporating nanotechnology to accelerate market growth"
- Innovations in architectural redesign are changing the industry. It now incorporates nanotechnology for long-range waveforms that make them more robust and weather resistant. Compatible with the environment, smart coatings provide isolation and energy efficiency. Low VOC (volatile organic compounds) and environmentally friendly paint choices address environmental concerns. Robotics and automation simplify surface preparation, ensuring accuracy and efficiency. Augmented reality also helps with color selection and project visualization. Digital tools like drones and sensors provide improved project management. Sustainable practices, including paint waste recycling, reflect a growing commitment to environmental responsibility. Together, these innovations redefine architectural redesign, highlighting the efficiency, sustainability and aesthetic possibilities of an ever-evolving industry. The above-mentioned factors are driving the market.
Global Construction Repaint Market SkyQuest Analysis
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 2022 | USD 50 Billion |
| Market size value in 2031 | USD 118.87 Billion |
| Growth Rate | 10.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Construction Repaint Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Construction Repaint Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global 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 Global 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Construction Repaint Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Construction Repaint Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
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.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Construction Repaint Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
