GlobeNewswire
Global Construction Coatings Market Report 2020: Durable Waterborne and Powder Coatings Technologies Represent Key Growth Opportunities
Research and Markets
5 min read

Dublin, Nov. 23, 2020 (GLOBE NEWSWIRE) -- The "Changing Construction Practices Transforming the Global Construction Coatings Market, 2020" report has been added to ResearchAndMarkets.com's offering.

This study presents an assessment of the current status and future prospects of the Global Construction coatings market. It takes into account volume shipments and revenues generated from construction coatings from 2017 to 2027.

Revenues are recorded at the manufacturer level. Decorative architectural coatings is a market that is widely researched through analysis done by the publisher in the past while protective exterior construction coatings are covered to a minor extent in those studies. This study aims to highlight the product and other trends in the latter.

Construction coatings in this study are defined as coatings used on the exterior surfaces in the construction of structures such as residential buildings, commercial and industrial complexes including power plants, warehouses, factories and skyscrapers. This study excludes the interior decorative coatings used in the construction industry. The coatings are analysed based on the type of substrates (segmented as masonry, metals, and wood) these are applied on, the resin chemistry used (such as epoxy, PU, acrylics, alkyds), and the formulation technologies employed (solvent-borne, waterborne, and powder).

Asia-Pacific is the largest market for construction coatings with high growth anticipated in China for all types of products. The global market is influenced by multiple factors, including international relationships, spread of the COVID-19 virus, changing customer preferences, and changing construction practices.

The construction coatings market is highly competitive among large and global manufacturers. The competitive environment in the market divided between large market participants that are increasingly engaging in mergers and acquisitions and joint ventures among themselves and smaller and regional companies. Manufacturers undertake continuous product development activities based on changing market needs and the regulatory environment. By establishing long-term relationships with their customers, manufacturers try to ensure that they are equally proactive and reactive to the various requirements of this industry.

Construction coatings face regulatory pressures from organisations such as American Architectural Manufacturers Association (AAMA), US Environmental Protection Agency (US EPA), and REACH that mandate the use of products with lower volatile organic compound (VOC) emissions and eliminate the use of heavy metals.

There is an increasing trend of customers moving to higher solids solvent-borne coatings, powder coatings, and waterborne coatings for want of lower VOC emissions, better specifications, and durability. Manufacturers are increasingly investing in product development to enhance environmental sustainability and product efficiency. Customers are increasingly looking for products that are easier to apply, impart greater surface finish, and are regulation compliant.

Key Issues Addressed

Terms and Privacy Policy
Your Privacy Choices
Utah Privacy Notice
More Info

Recommended Stories