Nov 13 2014
Transparency Market Research has announced the addition of the “Construction Paints and Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019” report to their offering.
The overall revenue generated by the global construction paints and coatings market was US$51,620.2 million in 2012. However, with a remarkable growth at a CAGR of 5.8% from 2013 to 2019, the market is further expected to reach US$76,089.2 million by 2019.
Construction Paints and Coatings Market Segment Analysis
The construction applications segment includes architectural coatings, special purpose coatings, and many other types of coatings, whereas, the product segment includes high solids/radiation cured, solvent borne coatings, powder coatings, water-borne coatings, and others (specialty coatings). Water borne paints and coatings segment held the largest share in 2012, accounting for more than 31.0% share of the total volume consumed in the same year.
Solvent borne paints and coatings was at distant second, followed by high solids/radiation cured coatings, powder coatings and other application segments in the global construction paints and coatings market.
Regional Analysis: Construction Paints and Coatings Market
Due to various infrastructure projects in the regions of Asia-Pacific, high growth in this region is expected. With nearly 69% share in total consumption, Asia-Pacific has led the construction paints and coatings since 2012. Similar growth and expansion in the construction paints and coatings market is expected in the European regions in the next few years.
Key market participants in the construction paints and coatings market include The Sherwin-Williams Company, The Valspar Corporation, PPG Industries, Dow Corning, and Asian Paints.