The global Construction Paints Coating Market size was USD 82.4 Billion in 2022 and is expected to reach USD 130.04 Billion in 2032, and register a rapid revenue CAGR of 5.2% during the forecast period. Rising demand for Paints and Coatings in the construction industry and increasing need for durable, long-lasting, and aesthetically pleasing finishes are key factors driving market revenue growth. Construction paints and coatings include materials, such as powder and liquid, which are used in construction and buildings to decorate and protect various surfaces.

Stringent government regulations related to VOC emissions is rising demand for eco-friendly and low VOC emitting paints and coatings. In addition, increasing use of coatings in the renovation of old and historic buildings is another key factor driving revenue growth of the market.

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Major Companies:

• PPG Industries, Inc.
• Akzo Nobel N.V.
• Sherwin-Williams Company
• BASF SE
• Asian Paints Ltd
• Kansai Paint Co., Ltd.
• Jotun A/S
• HEMPEL A/S
• Nippon Paint Holdings Co., Ltd.
• Dow Chemical Company
• 3M Company

Key questions addressed in the report:

• What is the expected market size of the global Construction Paints Coating market during the forecast period?
• What CAGR is the global market expected to register during the forecast period?
• Which key factors are expected to boost global market growth between 2021 and 2028?
• What are the key restraints that are expected to hamper global market growth?
• Which regional market is expected to register robust CAGR during the forecast period?
• Which key players are operating the global Construction Paints Coating market?

Strategic Development:

In 2020, PPG Industries, Inc. completed the acquisition of Tikkurila Oyj, a Finnish company that specializes in decorative paints and coatings. The acquisition was valued at around $1.7 billion and aimed to expand PPG's product offerings in the European market.

In 2020, Akzo Nobel N.V. announced the acquisition of Titan Paints and Chemicals, an Egyptian company that specializes in paints and coatings. The acquisition was aimed at expanding Akzo Nobel's presence in the Middle Eastern market and strengthening its product portfolio.

In 2021, Sherwin-Williams Company announced the acquisition of Evo-System, a French company that specializes in electrostatic spraying equipment. The acquisition was aimed at expanding Sherwin-Williams' product offerings and capabilities in the industrial coatings market.

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Construction Paints Coating Market Segmentation:

By Resin Type Outlook: 

• Acrylic
• Alkyd
• Epoxy
• Polyurethane
• Others

By Formulation Outlook: 

• Water-Based
• Solvent-Based
• Powder Coatings

 Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

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