![]() The rising new construction projects is expected to propel the growth of the construction and paints and coatings market going forward.Construction projects refer to the systematic process of constructing, repairing, refurbishing, retrofitting, or adapting a building, or other built asset such as a tunnel or bridge. Polyurethane, acrylic, epoxy, polyester, and alkyd resins are used for various applications such as residential, commercial, automotive and aviation, medical, and healthcare. The main types of products of construction paints and coatings are solvent-borne technologies, water-borne coating, powder coating, high solids, radiation cure, and others.A solvent-borne coating refers to a liquid protective layer that is placed on the surface of a material. ![]() The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. North America was the largest region in the construction paints and coatings market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period. In construction paints and coatings are important to prevent and reduce corrosion in buildings, building components, and infrastructure. The value of goods in this market includes related services sold by the creators of the goods.Ĭonstruction paints refer to a mixture or dispersion of opaque pigments or powders in a liquid or solvent.Coatings include varnishes and inorganic binders which are examples of additional substances that can be related to paint in their application. The construction paints and coatings market consists of sales of polysiloxanes, zinc-rich primers, asphalt emulsion and aromatic azo-dyes.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The construction paints and coatings market is expected to reach $70.82 billion in 2027 at a CAGR of 5.32%. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. ![]() The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. ![]() The global construction paints and coatings market is expected to grow from $54.87 billion in 2022 to $57.56 billion in 2023 at a compound annual growth rate (CAGR) of 4.90%. , Ashland Global Chemical Company, RPM International Inc., Jotun Chemicals and Dow Chemicals. New York, J(GLOBE NEWSWIRE) - announces the release of the report "Construction Paints And Coatings Global Market Report 2023". ![]()
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